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   "value": "<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs14\">1.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsc6 wsacc\">General information on the preparation of the </span><span class=\"lsc6 wsacc\"> </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls141 wsacd gs15\">financial statements<span class=\"_ _333\"> </span> </div>1.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls120 wsace\">Reporting company<span class=\"_ _333\"> </span></span><span class=\"ls120 wsace\"> </span>VERBUND AG<span class=\"fs0 ls0 ws0\"> </span><span class=\"ls64 ws406\">with its r<span class=\"_ _92\"></span>egistered office at Am Hof 6a, 1010 V<span class=\"_ _92\"></span>i<span class=\"ls19 ws313\">enna</span><span class=\"ls19 ws313\">, Austria<span class=\"_ _92\"></span>, is the parent company of t<span class=\"_ _92\"></span>he<span class=\"_ _333\"> </span></span></span><span class=\"ls64 ws406\"><span class=\"ls19 ws313\"> </span></span>VERBUND energy gr<span class=\"_ _92\"></span>oup<span class=\"_ _92\"></span>, which operates in A<span class=\"_ _92\"></span>ustria and abroad. VERB<span class=\"_ _92\"></span>UND <span class=\"_ _85\"></span>AG is en<span class=\"_ _0\"></span>tered in<span class=\"_ _92\"></span> the<span class=\"_ _333\"> </span> commercial r<span class=\"_ _92\"></span>egister at the Commercial Co<span class=\"ls87 ws185\">urt of Vienna under number FN 76023z. </span><span class=\"ls87 ws185\"> </span>VERBUND gener<span class=\"_ _92\"></span>ates, trad<span class=\"_ _92\"></span>es and sells electricity to m<span class=\"_ _92\"></span>arket participants fr<span class=\"_ _92\"></span>om energy exchanges<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> traders<span class=\"_ _92\"></span>, electr<span class=\"_ _43\"></span>ic utilities and industrial companie<span class=\"ls46 ws442\">s as well as household and <span class=\"lsab wsacf\">commercial customers. <span class=\"_ _87\"></span> </span></span>In addition, VERB<span class=\"_ _92\"></span>UND trades and sells gas t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> market p<span class=\"_ _92\"></span>articipants from ener<span class=\"_ _92\"></span>gy exchanges,<span class=\"_ _92\"></span> traders and<span class=\"_ _333\"> </span> household custom<span class=\"_ _92\"></span>ers and provides energy-r<span class=\"_ _92\"></span>elated services. F<span class=\"_ _92\"></span>urthermore<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> VERBUND opera<span class=\"_ _92\"></span>tes the<span class=\"_ _333\"> </span> Austrian el<span class=\"_ _92\"></span>ectr<span class=\"_ _43\"></span>icity transmission<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>network via A<span class=\"_ _92\"></span>u<span class=\"ls6b wsa6b\">stria Power Grid AG (APG) as well as the gas<span class=\"_ _333\"> </span></span><span class=\"ls6b wsa6b\"> </span>transmission and distr<span class=\"_ _43\"></span>ibution netw<span class=\"_ _43\"></span>ork via Gas Connect Austria GmbH (G<span class=\"_ _43\"></span>CA)<span class=\"_ _43\"></span>. In addition, VERBUND<span class=\"_ _333\"> </span> holds investments in Austrian an<span class=\"ls80 wsde\">d for<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ign electric utilities.</span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs19\">1.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsbd ws83f\">Financial reporting p<span class=\"_ _92\"></span>rinciples<span class=\"_ _333\"> </span></span><span class=\"lsbd ws83f\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d wsad1 gs1b\">VERBUND prepar<span class=\"_ _92\"></span>es its consolidated financial statements in accord<span class=\"ls64 ws662\">ance with Section <span class=\"_ _88\"></span>245a(1) of the<span class=\"_ _333\"> </span></span><span class=\"ls64 ws662\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a wsad2 gs1c\">Austrian Co<span class=\"_ _92\"></span>mmercial Code (Unt<span class=\"_ _92\"></span>ernehmensgesetzbuch, UGB) in com<span class=\"_ _92\"></span>pliance with Intern<span class=\"_ _92\"></span>ational<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 wsad3 gs1d\">Fin<span class=\"_ _92\"></span>ancial Reporting Standar<span class=\"_ _92\"></span>ds (IFRSs) as endorsed by the E<span class=\"_ _92\"></span>uropean Union<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> The additional<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 ws3a5 gs1e\">requir<span class=\"_ _0\"></span>ements of Section <span class=\"_ _87\"></span>245a(1) Austrian Co<span class=\"_ _92\"></span>mmercial <span class=\"ls64 ws3a4\">Code (UGB) were also satisfied. Th<span class=\"_ _92\"></span>e separate<span class=\"_ _333\"> </span></span><span class=\"ls64 ws3a4\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls63 ws42e gs1f\">financial statem<span class=\"_ _92\"></span>ents of the subsidiaries included in<span class=\"ls33 ws24d\"> the con<span class=\"_ _92\"></span>solidated financial statemen<span class=\"_ _92\"></span>ts are based on<span class=\"_ _333\"> </span></span><span class=\"ls33 ws24d\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls46 ws2c6 gs20\">uniform accounting policies. T<span class=\"_ _92\"></span>he reporting date is <span class=\"ls7a ws72\">31 December 2022 for all consolidated subs<span class=\"_ _43\"></span>idiaries. </span><span class=\"ls7a ws72\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws203 gs21\">The consolidated fin<span class=\"_ _92\"></span>ancial statements ar<span class=\"_ _92\"></span>e prepar<span class=\"_ _92\"></span>ed <span class=\"ls7b ws8a9\">in thousands of eur<span class=\"_ _92\"></span>os (\u20ack) (with the exception of<span class=\"_ _333\"> </span></span><span class=\"ls7b ws8a9\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws512 gs22\">the notes to th<span class=\"_ _92\"></span>e annual financial statem<span class=\"_ _92\"></span>ents, in which amoun<span class=\"_ _92\"></span>ts are generall<span class=\"_ _92\"></span>y indicated in millions of<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws6ff gs23\">euros (\u20acm)<span class=\"_ _92\"></span>). Rounding differen<span class=\"_ _0\"></span>ces can arise when<span class=\"_ _92\"></span><span class=\"ls70 ws5a1\"> adding rounded amounts and when calculating<span class=\"_ _333\"> </span></span><span class=\"ls70 ws5a1\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6a ws0 gs24\">percen<span class=\"_ _92\"></span>tages.<span class=\"_ _333\"> </span><span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb2 ws239 gs26\">All material companies directly or <span class=\"ls80 ws566\">indirectly contr<span class=\"_ _92\"></span>olled by VERBUND <span class=\"_ _14\"></span>AG<span class=\"ls83 ws162\"> (subsidiaries) are in<span class=\"_ _92\"></span>cluded in<span class=\"_ _333\"> </span></span></span><span class=\"ls80 ws566\"><span class=\"ls83 ws162\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa8 wsad4 gs27\">the consolidate<span class=\"_ _43\"></span>d financial statements of VERBUND by means of cons<span class=\"_ _43\"></span>olidation. Inclus<span class=\"_ _43\"></span>ion in the<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsad5 gs28\">consolidated fin<span class=\"_ _92\"></span>ancial statements begin<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> when <span class=\"ls83 wsad6\">con<span class=\"_ _92\"></span>trol is achieved and ends when i<span class=\"_ _92\"></span>t ceases.<span class=\"_ _333\"> </span></span><span class=\"ls83 wsad6\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws21f gs29\">Subsidiaries are initia<span class=\"ls75 ws81\">lly consolidat<span class=\"_ _92\"></span>ed using the acquisition method.<span class=\"_ _333\"> </span></span><span class=\"ls75 ws81\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws162 gs2a\">Join<span class=\"_ _92\"></span>t ventures and associa<span class=\"_ _92\"></span>tes that are dir<span class=\"_ _92\"></span>ectly or <span class=\"ls19 ws573\">indirectly substantially in<span class=\"ls71 ws4d4\">fluenced by VERBUND <span class=\"_ _14\"></span>AG<span class=\"_ _333\"> </span></span></span><span class=\"ls19 ws573\"><span class=\"ls71 ws4d4\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws713 gs2b\">are accoun<span class=\"_ _92\"></span>ted for using the equity method. I<span class=\"_ _92\"></span>nvestees account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for using the equity m<span class=\"_ _92\"></span>ethod are<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d wsad7 gs2c\">recognised wit<span class=\"_ _43\"></span>h their proportional IFRS prof<span class=\"_ _43\"></span>it or loss take<span class=\"_ _43\"></span>n from (<span class=\"_ _92\"></span>conso<span class=\"_ _43\"></span>lidated) interim <span class=\"_ _43\"></span>or annual<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws2f2 gs2d\">financial stat<span class=\"_ _92\"></span>ements for which the repo<span class=\"_ _92\"></span>rting date is not more than<span class=\"_ _92\"></span> three months prior to<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>VERBUND\u2019<span class=\"_ _14\"></span>s<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws65 gs2e\">reporting da<span class=\"_ _92\"></span>te<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsbc wsad8 gs2f\">Intra-Gr<span class=\"_ _92\"></span>oup transactions, r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables, liabilities <span class=\"lsb3 wsad9\">and inter<span class=\"_ _92\"></span>company profits <span class=\"ls82 wsada\">are eliminat<span class=\"_ _92\"></span>ed taking<span class=\"_ _333\"> </span></span></span><span class=\"lsb3 wsad9\"><span class=\"ls82 wsada\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 ws8d1 gs30\">account of deferr<span class=\"_ _92\"></span>ed taxes. Wi<span class=\"_ _92\"></span>th respect to intr<span class=\"_ _92\"></span>a-Group business acquisitio<span class=\"_ _0\"></span>ns and mergers of join<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa5 wsadb gs31\">ventures, the historical carr<span class=\"_ _43\"></span>ying amounts of the<span class=\"_ _43\"></span> acquir<span class=\"ls88 ws151\">ed entit<span class=\"_ _92\"></span>y are carried forward to th<span class=\"_ _92\"></span>e new entity, i.e<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs32\">they are n<span class=\"_ _92\"></span>ot remeasur<span class=\"_ _92\"></span>ed at fair value.<span class=\"_ _333\"> </span> </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls129 ws7e4 gs34\">Basic principles<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws47c gs39\">In the c<span class=\"_ _92\"></span>ase of investees tha<span class=\"_ _92\"></span>t are contr<span class=\"_ _92\"></span>olled together with ano<span class=\"_ _92\"></span>ther joint operator<span class=\"_ _80\"></span>, if VERBUND has </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsadd gs3a\">rights to the as<span class=\"_ _92\"></span>sets attributable to the in<span class=\"_ _92\"></span>vestee as well as obli<span class=\"_ _92\"></span>gations for its liabil<span class=\"_ _92\"></span>ities, VERBUND </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs3b\">recognises its s<span class=\"_ _92\"></span>hare of the assets an<span class=\"_ _92\"></span>d liabilities and/or r<span class=\"_ _92\"></span>evenue and expenses.<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls0 ws83a gs3c\">A list of all of VERBUND\u2019<span class=\"_ _92\"></span>s subsidiaries, joint ventur<span class=\"_ _92\"></span>es<span class=\"ls33 ws82\"> and associates is presen<span class=\"_ _92\"></span>ted in the section entitled </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 wse3 gs3d\">Group struct<span class=\"_ _92\"></span>ure. The gr<span class=\"_ _92\"></span>oup of subsidiaries, joint ven<span class=\"_ _92\"></span>tures and associates in<span class=\"_ _92\"></span>cluded in the consolidated </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 wsde gs3e\">financial statements changed <span class=\"_ _92\"></span>as follo<span class=\"ls83 ws45\">ws in the 2022 reporting period:<span class=\"_ _333\"> </span></span><span class=\"ls83 ws45\">  </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf8 ws8f gs40\">Basis of consolidation <span class=\"_ _1ea\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _18c\"> </span>  <span class=\"_ _97\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws0 gs41\">Consolidation <span class=\"_ _184\"> </span><span class=\"ws22\">Accounted f<span class=\"_ _92\"></span>or using </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs42\">the equity method </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs43\">Accounted for as<span class=\"_ _0\"></span> a </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs44\">joint operation </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs45\">As at 31/12/2021 <span class=\"_ _13\"> </span><span class=\"ls0 ws0\">30 <span class=\"_ _1eb\"> </span>8 <span class=\"_ _14e\"> </span>1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs46\">Additions from ne<span class=\"_ _92\"></span>wly formed entities <span class=\"_ _16b\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs47\">Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _146\"> </span><span class=\"ls0 ws0\">9 <span class=\"_ _1eb\"> </span>0 <span class=\"_ _14e\"> </span>0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws255 gs48\">Other additions <span class=\"_ _100\"> </span><span class=\"ls0 ws0\">5 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs49\">Disposals by means of merger <span class=\"_ _1ec\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>1 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls148 ws184 gs4a\">As at 31/12/20<span class=\"_ _43\"></span>22 <span class=\"_ _1ed\"> </span><span class=\"ls18 ws0\">45 <span class=\"_ _1a8\"> </span><span class=\"ls17\">8 <span class=\"_ _181\"> </span>1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs4b\">of which domestic companies <span class=\"_ _4e\"> </span>16 <span class=\"_ _1a8\"> </span>7 <span class=\"_ _14e\"> </span>1 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs4c\">of which foreign companies <span class=\"_ _2e\"> </span><span class=\"ls0 ws0\">29 <span class=\"_ _1a8\"> </span>1 <span class=\"_ _14e\"> </span>0</span><span class=\"ls0 ws0\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws385 gs4e\">VERBUND V<span class=\"_ _14\"></span>entur<span class=\"_ _92\"></span>es GmbH and VERBUND Green P<span class=\"_ _92\"></span>ower Iberia <span class=\"_ _87\"></span>S<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span>L.U. wer<span class=\"_ _92\"></span>e newly established an<span class=\"_ _92\"></span>d </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7a ws72 gs4f\">consolidated for the first time in financial year 2022.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws29f gs50\">In the course of an<span class=\"_ _92\"></span> acquisition, the following nine<span class=\"ls64 ws403\"> Spanish companies wer<span class=\"_ _92\"></span>e included in<span class=\"_ _43\"></span> the basis of </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa5 wsade gs51\">consolidation for t<span class=\"_ _43\"></span>he first time (s<span class=\"_ _43\"></span>ee Business acqu<span class=\"_ _43\"></span><span class=\"ls19 wsadf\">isitions): Anselma Issuer<span class=\"_ _80\"></span><span class=\"ls176 wsae0\">, S.A<span class=\"_ _43\"></span>.; Sica De<span class=\"_ _43\"></span>sarrollos </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7c wsae1 gs52\">T<span class=\"_ _14\"></span>otan\u00e9s, S<span class=\"_ _14\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Sica Desarr<span class=\"_ _92\"></span>ollos Albarre<span class=\"_ _92\"></span>al, S.L.U<span class=\"_ _92\"></span>.; Sica Desarr<span class=\"_ _92\"></span>ollos Cu<span class=\"_ _92\"></span>er<span class=\"_ _43\"></span>va, S<span class=\"_ _92\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Sica <span class=\"_ _92\"></span>Desarrollos Los </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws341 gs53\">N<span class=\"_ _92\"></span>avalmor<span class=\"_ _92\"></span>ales, S.L.U<span class=\"_ _92\"></span>.; T<span class=\"_ _14\"></span>opacio Energy, S<span class=\"_ _92\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Catalpa So<span class=\"_ _92\"></span>lar<span class=\"_ _14\"></span>, S.L.U<span class=\"_ _92\"></span>.; T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _14\"></span>, S.L.U<span class=\"_ _92\"></span>.; and VERBUND </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb1 ws2ad gs54\">Green P<span class=\"_ _92\"></span>ower Renewabl<span class=\"_ _92\"></span>e Projects<span class=\"_ _92\"></span>, S.L.U<span class=\"_ _92\"></span>. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb2 ws6ab gs55\">The other additions show the five companies \u2013 Par<span class=\"_ _92\"></span>que E\u00f3lico Buse<span class=\"_ _43\"></span>co<span class=\"_ _92\"></span>, S.L<span class=\"_ _43\"></span>., Par<span class=\"_ _92\"></span>que E\u00f3lico L<span class=\"_ _43\"></span>oma de los </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7b ws172 gs56\">Pinos<span class=\"_ _92\"></span>, S.L., Par<span class=\"_ _92\"></span>que E\u00f3lico El B<span class=\"_ _92\"></span>arroso<span class=\"_ _92\"></span>, S.L., Par<span class=\"_ _92\"></span>que E\u00f3lico A<span class=\"_ _14\"></span>yamonte<span class=\"_ _92\"></span>, S.L. and Lusitani<span class=\"_ _92\"></span>a Renovables<span class=\"_ _92\"></span>, S.L. \u2013 </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 ws1a0 gs57\">that were included in the basis of cons<span class=\"_ _43\"></span>olidation for th<span class=\"ls6f wsda\">e first time as part of an acquisition o<span class=\"_ _92\"></span>f assets.  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls46 ws263 gs58\">VERBUND <span class=\"_ _89\"></span>AG tr<span class=\"_ _92\"></span>ansferred its limi<span class=\"ls7d ws96b\">ted partnership inte<span class=\"ls95 wsae2\">rest (100.0 <span class=\"_ _89\"></span>%) in VERBUND Green P<span class=\"_ _92\"></span>ower </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws11e gs59\">H<span class=\"_ _92\"></span>unsr\u00fcck GmbH &amp; Co<span class=\"_ _92\"></span>. KG to its gener<span class=\"_ _92\"></span>al partner VERBUND Green P<span class=\"_ _92\"></span>ower Deutschland GmbH<span class=\"_ _92\"></span> by way of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws968 gs5a\">a contribution agr<span class=\"_ _92\"></span>eement dated 18 <span class=\"_ _89\"></span>July 2022. As a r<span class=\"_ _92\"></span>esult of the tr<span class=\"_ _92\"></span>ansfer<span class=\"_ _14\"></span>, VERBUND Gr<span class=\"_ _92\"></span>een Power </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws36f gs5b\">H<span class=\"_ _92\"></span>unsr\u00fcck GmbH &amp; Co<span class=\"_ _92\"></span>. KG ceased t<span class=\"_ _92\"></span>o ex<span class=\"_ _43\"></span>ist and its assets an<span class=\"_ _92\"></span>d liabilities were tran<span class=\"_ _92\"></span>sferred to VERBUND </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws17d gs5c\">Green P<span class=\"_ _92\"></span>ower Deutschland GmbH. I<span class=\"_ _92\"></span>n a further step<span class=\"_ _92\"></span>, VERBUND <span class=\"_ _92\"></span>AG contributed its sh<span class=\"_ _92\"></span>ares in VERBUND </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsbc ws67d gs5d\">Green Power Deutschland GmbH as well as its limited <span class=\"ls72 ws5d1\">partnersh<span class=\"_ _43\"></span>ip interest in Infrastrukturgesellschaft </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 ws719 gs5e\">Bischheim Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _92\"></span>G and Infras<span class=\"_ _92\"></span>truktur Oberheimbach I Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _14\"></span>G to VERBUND Green </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 wsae3 gs5f\">Power GmbH (<span class=\"_ _43\"></span>VGP). The acquisit<span class=\"_ _43\"></span>ion of a non-controlling interest in Infrastrukturges<span class=\"_ _43\"></span>ellschaft </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws567 gs60\">Bischheim Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _92\"></span>G increases VERB<span class=\"_ _92\"></span>UND Green Pow<span class=\"_ _92\"></span>er GmbH\u2019<span class=\"_ _14\"></span>s stake in this compa<span class=\"_ _92\"></span>ny to around </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws185 gs61\">80.6 %.<span class=\"_ _333\"> </span> </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lscf ws262 gs66\">Acquisition of an operationa<span class=\"_ _92\"></span><span class=\"lsff ws5b4\">l renewables portfolio and de<span class=\"_ _92\"></span>velopment platform in Spain </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws10e gs67\">VERBUND acquir<span class=\"_ _92\"></span>ed a p<span class=\"_ _43\"></span>ortfolio of Spanish project co<span class=\"_ _92\"></span><span class=\"ls46 ws356\">mpanie<span class=\"_ _43\"></span>s effective 28 <span class=\"_ _92\"></span>July 2022 (nine of which wer<span class=\"_ _92\"></span>e </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls28 wsae4 gs68\">included in the bas<span class=\"_ _43\"></span>is of consolidation;<span class=\"_ _43\"></span> see Basis of cons<span class=\"_ _43\"></span>olidation) from the Q-Energ<span class=\"_ _43\"></span>y Group<span class=\"_ _92\"></span>. <span class=\"_ _8a\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws85d gs69\">The considera<span class=\"_ _92\"></span>tion transferred for the <span class=\"_ _92\"></span>acquisition of the companies amo<span class=\"_ _92\"></span>unted to approxima<span class=\"_ _92\"></span>tely </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 wsae5 gs6a\">\u20ac509.9m, taking into accoun<span class=\"_ _92\"></span>t a cash payment and <span class=\"lsbc wsad8\">the assumption of r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ciprocal r<span class=\"_ _92\"></span>eceivables and </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f wsa02 gs6b\">liabilities<span class=\"_ _92\"></span>. As part of the transaction, VERB<span class=\"_ _92\"></span>UND entered into the outstan<span class=\"_ _92\"></span>ding upstream l<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>ans in the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls70 wsf3 gs6c\">amount of approximately \u20ac73.3<span class=\"_ _92\"></span>m (loans payable fr<span class=\"ls80 ws274\">om VERBUND\u2019<span class=\"_ _14\"></span>s perspective) and shareholder loans </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws184 gs6d\">in the amount of ar<span class=\"_ _92\"></span>ound \u20ac76.2m (loans re<span class=\"ls79 ws190\">ceivable from VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s perspe<span class=\"_ _43\"></span>ctive).  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6f5 gs6e\">In the tr<span class=\"_ _92\"></span>ansaction, an opera<span class=\"_ _92\"></span>ting photovoltaic (PV)<span class=\"_ _43\"></span> portfolio<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>with total installed c<span class=\"_ _92\"></span>apacity of 82 <span class=\"_ _14\"></span>MW<span class=\"_ _92\"></span>p </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws929 gs6f\">and an extensive de<span class=\"_ _92\"></span>velopment platform (wind and PV projects) <span class=\"_ _92\"></span>were acquired alo<span class=\"_ _92\"></span>ng with a </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws443 gs70\">development te<span class=\"_ _92\"></span>am. The projects <span class=\"_ _92\"></span>are being implemen<span class=\"_ _92\"></span>ted in different regio<span class=\"_ _92\"></span>ns of Spain. On the basis o<span class=\"_ _92\"></span>f </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws2bc gs71\">the planned capacity, the ge<span class=\"_ _92\"></span>ographic focus of the projects li<span class=\"_ _0\"></span>es in the Castil<span class=\"_ _92\"></span>la-La Mancha r<span class=\"_ _92\"></span>egion (cen<span class=\"_ _92\"></span>tral </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 wsf8 gs72\">Spain) and in Andalusia (southern S<span class=\"_ _92\"></span>pain). </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 wsae6 gs73\">The trans<span class=\"_ _92\"></span>action will help to implemen<span class=\"_ _92\"></span>t the VERBUND Group<span class=\"_ _14\"></span>\u2019<span class=\"_ _14\"></span>s current strat<span class=\"_ _92\"></span>egy through an in<span class=\"_ _92\"></span>tense </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 wsae7 gs74\">build-up and further expansi<span class=\"_ _92\"></span>on of the renewabl<span class=\"_ _92\"></span>e generation portfol<span class=\"_ _92\"></span>io, as well as to diver<span class=\"_ _92\"></span>sify with </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws1ad gs75\">respect to m<span class=\"_ _92\"></span>arkets and technol<span class=\"_ _92\"></span>ogies in selected Europe<span class=\"_ _92\"></span>an countries. This in t<span class=\"_ _92\"></span>urn will improve <span class=\"_ _92\"></span>the risk </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls98 ws9fa gs76\">profile and build on a position of strength<span class=\"_ _43\"></span> for renewable generation technologie<span class=\"_ _43\"></span>s on the Iber<span class=\"_ _43\"></span>ian </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7e ws0 gs77\">Peninsula. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs78\">The acquired co<span class=\"_ _92\"></span>mpanies have been<span class=\"_ _92\"></span> allocated to the New r<span class=\"_ _92\"></span>enewables segment<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7e wsae8 gs79\">The final fair values of the identifiable a<span class=\"_ _43\"></span>ssets an<span class=\"ls9c wsae9\">d liabilities were broken down as follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>s at the </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9c ws319 gs7a\">acquisition date:<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls152 ws97d gs7f\">Assets acquire<span class=\"_ _92\"></span>d and liabilities assumed </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs80\">\u20acm </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs81\">Acquisition date </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs82\">fair value </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs83\">Intangible assets <span class=\"_ _92\"></span>and property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t <span class=\"_ _1ee\"> </span><span class=\"ff2f ls18 ws0\">808.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs84\">Right-of-use assets <span class=\"_ _1ef\"> </span><span class=\"ff2f ls49 ws0\">13.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs85\">Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _1dc\"> </span><span class=\"ff2f ls18 ws0\">101.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs86\">deferred tax assets <span class=\"_ _1f0\"> </span><span class=\"ff2f ls49 ws0\">23.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws24 gs87\">T<span class=\"_ _14\"></span>rade receivables and o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current assets</div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs88\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs89\"> <span class=\"_ _1f1\"> </span><span class=\"ff2f ls49\">53.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs8a\">Cash and cash equivalents <span class=\"_ _1f2\"> </span><span class=\"ff2f ls29 ws0\">31.4 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c wsa8a gs8b\">T<span class=\"_ _14\"></span>otal assets acquired<span class=\"_ _92\"></span> <span class=\"_ _1f3\"> </span><span class=\"ff2c ls18 ws0\">1,031.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs8c\">Non-current financial liabilities <span class=\"_ _1f4\"> </span><span class=\"ff2f ls18 ws0\">394.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs8d\">Other non-current liabilities and pro<span class=\"_ _92\"></span>visions <span class=\"_ _1f5\"> </span><span class=\"ff2f ls18 ws0\">98.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b4 wsac4 gs8e\">Deferred ta<span class=\"ls45 ws44\">x liabilities <span class=\"_ _1f6\"> </span><span class=\"ff2f ls18 ws0\">165.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs8f\">Current financial liabilities <span class=\"_ _1f7\"> </span><span class=\"ff2f ls18 ws0\">18.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs90\">T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other currents liabilities <span class=\"_ _1f8\"> </span><span class=\"ff2f ls18 ws0\">16.8 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs91\">T<span class=\"_ _14\"></span>otal liabilities assumed <span class=\"_ _1f9\"> </span><span class=\"ff2c ls18 ws0\">694.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1f ws959 gs92\">T<span class=\"_ _14\"></span>otal identifiable net assets at f<span class=\"_ _92\"></span>air value (100 %) <span class=\"_ _1fa\"> </span><span class=\"ff2c ls18 ws0\">337.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f3 ws0 gs93\">Goodwill <span class=\"_ _1fb\"> </span><span class=\"ff2f ls18\">172.6 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs94\">T<span class=\"_ _14\"></span>otal consideration transferred <span class=\"_ _1fc\"> </span><span class=\"ff2c ls18 ws0\">509.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs95\">of which in cash <span class=\"_ _1fd\"> </span><span class=\"ff2f ls18 ws0\">512.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs96\">of which loans pay<span class=\"_ _92\"></span>able to previous shareholders<span class=\"_ _92\"></span> <span class=\"_ _1fe\"> </span><span class=\"ff2f ls31 ws0\">73.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs97\">of which loans receivable from previous shareholder<span class=\"_ _92\"></span>s <span class=\"_ _4\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>76.2 </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs98\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3f ws3d gs99\"> For trade rec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ivables and current<span class=\"_ _92\"></span> other receivables, the carry<span class=\"_ _92\"></span>ing amounts represented a reali<span class=\"_ _92\"></span>st<span class=\"_ _43\"></span>ic estimate of<span class=\"_ _92\"></span> their fair value<span class=\"ls1f4 wsaea\">s (due to the short maturities)<span class=\"_ _43\"></span>; they also correspond </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1f5 wsaeb gs9a\">to the gross value of the receivables.<span class=\"_ _333\"> </span> <span class=\"_ _43\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls0 ws12e gs9b\">Goodwill in the amount of \u20ac172.6m can be attributed<span class=\"ls80 ws69e\"> in particular to future development projects </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws13b gs9c\">(that wer<span class=\"_ _92\"></span>e not separately iden<span class=\"_ _92\"></span>tifiable during the pur<span class=\"_ _92\"></span>chase price allocation), to th<span class=\"_ _92\"></span>e platform value of the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws81 gs9d\">acquired emplo<span class=\"_ _92\"></span>yee base, and to deferr<span class=\"_ _92\"></span>ed tax liabilities recognisa<span class=\"_ _0\"></span>ble in accor<span class=\"_ _92\"></span>dance with IFRS 3. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws5df gs9e\">VERBUND\u2019<span class=\"_ _14\"></span>s new subsidiaries contri<span class=\"ls80 ws8f6\">buted \u20ac1<span class=\"_ _43\"></span>3.0m to VERBUND\u2019<span class=\"_ _14\"></span>s reve<span class=\"ls67 ws739\">nue fro<span class=\"_ _92\"></span>m the time of initial </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 ws92 gs9f\">consolidation to the 31 <span class=\"_ _14\"></span>December 2022 reporting dat<span class=\"ls7d ws284\">e; their contribution to VERBUND\u2019<span class=\"_ _14\"></span>s profit for the </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls1f6 wsaec gsa0\">period was \u20ac\u2013</div><div class=\"t m0 h7 ff28 fs9 fc0 sc0 ls0 ws0 gsa1\"> <span class=\"fs2 ls6b ws6f6\">37.8m. If the b<span class=\"_ _92\"></span>usiness acquisition had taken place at the beginni<span class=\"_ _92\"></span>ng of the reporting </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls0 ws23d gsa2\">period, the new subsidiaries would hav<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span><span class=\"ls80 ws2a0\"> contributed \u20ac50.7m in r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>venue and \u20ac\u2013<span class=\"fs9 ls0 ws0\"> </span><span class=\"lsab ws531\">52.8m in net pr<span class=\"_ _92\"></span>ofit for </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gsa3\">the period to the corr<span class=\"_ _92\"></span>esponding line items of VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s income statem<span class=\"_ _92\"></span>ent. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 ws6e5 gsa4\">In light of the complexity<span class=\"_ _43\"></span> of the accounting policy issues in conne<span class=\"_ _43\"></span>ction with<span class=\"_ _43\"></span> this transaction and the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws396 gsa5\">fact that it took place cl<span class=\"_ _92\"></span>ose to the reporting date<span class=\"_ _92\"></span>, the initial accounting tr<span class=\"_ _92\"></span>eatment of this busines<span class=\"_ _92\"></span>s </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 wsaed gsa6\">acquisition was classified as \u201c<span class=\"_ _92\"></span>provision<span class=\"_ _92\"></span>al\u201d in the <span class=\"ls75 ws703\">interim consolidated fin<span class=\"_ _92\"></span>ancial statements published </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 ws134 gsa7\">since 28 <span class=\"_ _14\"></span>July 2022. As a<span class=\"_ _92\"></span>t 31 <span class=\"_ _14\"></span>D<span class=\"_ _43\"></span>ecember 2022, adjustme<span class=\"ls46 ws8e0\">nts wer<span class=\"_ _92\"></span>e made to the preliminary purchase price </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 wsef gsa8\">allocation fo<span class=\"_ _92\"></span>r the measuremen<span class=\"_ _92\"></span>t of right-of-use assets as defined under<span class=\"_ _92\"></span> IFRS <span class=\"_ _92\"></span>16, the detailed allocatio<span class=\"_ _92\"></span>n </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws76d gsa9\">of the fair values o<span class=\"_ _92\"></span>f financial liab<span class=\"ls80 wsf1\">ilities and receivables, the an<span class=\"_ _92\"></span>alysis<span class=\"_ _43\"></span><span class=\"ls26 ws641\"> of pro<span class=\"_ _92\"></span>vision requirements and th<span class=\"_ _92\"></span>e </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws145 gsaa\">presen<span class=\"_ _92\"></span>tation of equity interests<span class=\"_ _92\"></span>. This completes the pur<span class=\"_ _92\"></span>chase price allocation<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span><span class=\"_ _43\"></span>  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13b ws4a7 gsac\">Effect of <span class=\"_ _92\"></span>the adjustment on the acquir<span class=\"_ _92\"></span>ed assets and liabilities classified as </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls11a ws0 gsad\">\u201cpro<span class=\"_ _92\"></span>visional\u201d <span class=\"_ _1ff\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gsae\">Intangible assets <span class=\"_ _92\"></span>and property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t <span class=\"_ _1ee\"> </span><span class=\"ff2f ls18 ws0\">397.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsaf\">Right-of-use assets <span class=\"_ _1ef\"> </span><span class=\"ff2f ls49 ws0\">13.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws25d gsb0\">Other equity interests <span class=\"_ _200\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">315.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsb1\">Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _201\"> </span><span class=\"ff2f ls18 ws0\">1.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ab wsac2 gsb2\">Deferred tax assets <span class=\"_ _202\"> </span><span class=\"ff2f ls18 ws0\">6.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws24 gsb3\">T<span class=\"_ _14\"></span>rade receivables and o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current assets<span class=\"_ _92\"></span> <span class=\"_ _153\"> </span><span class=\"ff2f ls18 ws0\">26.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gsb4\">Cash and cash equivalents <span class=\"_ _1f3\"> </span><span class=\"ff2f ls18 ws0\">0.5 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c wsa8a gsb5\">T<span class=\"_ _14\"></span>otal assets acquired<span class=\"_ _92\"></span> <span class=\"_ _203\"> </span><span class=\"ff2c ls18 ws0\">130.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsb6\">Non-current financial liabilities <span class=\"_ _204\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsb7\">Other non-current liabilities and pro<span class=\"_ _92\"></span>visions <span class=\"_ _1f5\"> </span><span class=\"ff2f ls18 ws0\">15.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b4 wsac4 gsb8\">Deferred ta<span class=\"ls45 ws44\">x liabilities <span class=\"_ _1f6\"> </span><span class=\"ff2f ls18 ws0\">109.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsb9\">Current financial liabilities <span class=\"_ _200\"> </span><span class=\"ff2f ls18 ws0\">1.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gsba\">T<span class=\"_ _14\"></span>rade payables <span class=\"_ _92\"></span>and other current liabilities <span class=\"_ _1d6\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">12.4 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsbb\">T<span class=\"_ _14\"></span>otal liabilities assumed <span class=\"_ _1f9\"> </span><span class=\"ff2c ls18 ws0\">113.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1f ws959 gsbc\">T<span class=\"_ _14\"></span>otal identifiable net assets at f<span class=\"_ _92\"></span>air value (100 %) <span class=\"_ _206\"> </span><span class=\"ff2c ls18 ws0\">17.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f3 ws0 gsbd\">Goodwill <span class=\"_ _207\"> </span><span class=\"ff2f ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">17.0<span class=\"_ _333\"> </span></span></span><span class=\"ff2f ls0\"><span class=\"ls18\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws14e gsbf\">In the separ<span class=\"_ _92\"></span>ate financial statemen<span class=\"_ _92\"></span>ts of Group companies<span class=\"_ _92\"></span>, all transactions deno<span class=\"_ _92\"></span>minated in foreign </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws4e6 gsc0\">currency ar<span class=\"_ _92\"></span>e measured at the spot ex<span class=\"_ _92\"></span>change rat<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> on the trans<span class=\"_ _92\"></span>action date. M<span class=\"_ _92\"></span>onetar<span class=\"_ _43\"></span>y balance sheet it<span class=\"_ _92\"></span>ems </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws14c gsc1\">are subsequen<span class=\"_ _92\"></span>tly measured at the r<span class=\"_ _92\"></span>espective spot exchan<span class=\"_ _92\"></span>ge rate at the r<span class=\"_ _92\"></span>eporting date. Exch<span class=\"_ _92\"></span>ange gains </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7a ws72 gsc2\">and losses are r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cognised through profit or loss under other financial result.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls88 ws4c1 gsc3\">The Gr<span class=\"_ _92\"></span>oup\u2019<span class=\"_ _14\"></span>s r<span class=\"_ _92\"></span>eporting currency is the eur<span class=\"_ _92\"></span>o. The fun<span class=\"_ _92\"></span>ctional currency of VERB<span class=\"_ _92\"></span>UND <span class=\"_ _121\"></span>AG, the<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gsc4\">consolidated subsidiaries (with <span class=\"_ _0\"></span>the exception of <span class=\"ls7d ws21e\">VERB<span class=\"_ _92\"></span>UND Wind Power Romania SRL) and all investees </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws6b6 gsc5\">accounted for usin<span class=\"_ _92\"></span>g the equity method is the eur<span class=\"_ _92\"></span>o.<span class=\"_ _92\"></span> For the consolida<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d financial sta<span class=\"_ _92\"></span>tements of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 wse2 gsc6\">VERBUND, the an<span class=\"_ _92\"></span>nual financial statemen<span class=\"_ _92\"></span>ts of the Romanian subsidiary are <span class=\"_ _92\"></span>translated into<span class=\"_ _92\"></span> euros using </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws65 gsc7\">the function<span class=\"_ _92\"></span>al currency method.<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a wscd gsc8\">Assets and liabi<span class=\"_ _92\"></span>lities of foreign <span class=\"_ _92\"></span>Group companies with a fun<span class=\"_ _92\"></span>ctional curren<span class=\"_ _92\"></span>c<span class=\"_ _43\"></span>y other than th<span class=\"_ _92\"></span>e euro ar<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws220 gsc9\">translat<span class=\"_ _92\"></span>ed using the for<span class=\"_ _92\"></span>eign exchange r<span class=\"_ _92\"></span>eference ra<span class=\"_ _92\"></span>te of the Eur<span class=\"_ _92\"></span>opean Central<span class=\"_ _92\"></span> Bank (ECB) or exchan<span class=\"_ _92\"></span>ge </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws1ec gsca\">rates publ<span class=\"_ _92\"></span>ished by local na<span class=\"_ _92\"></span>tional central b<span class=\"_ _92\"></span>anks prevailing a<span class=\"_ _92\"></span>t the reporting da<span class=\"_ _92\"></span>te. Income and ex<span class=\"_ _92\"></span>penses </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws7c gscb\">are tr<span class=\"_ _92\"></span>anslated at a<span class=\"_ _92\"></span>verage mon<span class=\"_ _92\"></span>thly exchange r<span class=\"_ _92\"></span>ates. Differ<span class=\"_ _92\"></span>ences arising from tr<span class=\"_ _92\"></span>anslation at ex<span class=\"_ _92\"></span>change rate<span class=\"_ _92\"></span>s </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws13d gscc\">prevail<span class=\"_ _92\"></span>ing at the reporting da<span class=\"_ _92\"></span>te are recognised in o<span class=\"_ _92\"></span>ther comprehensive income and sho<span class=\"_ _92\"></span>wn as a separate </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws340 gscd\">item in equity.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gsce\">The exchan<span class=\"_ _92\"></span>ge rates underlying <span class=\"_ _92\"></span>the currency translatio<span class=\"_ _92\"></span>n changed as follows:<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls139 ws2d4 gsd0\">Foreign e<span class=\"_ _92\"></span>xch<span class=\"_ _43\"></span>ange rates used for currency translation <span class=\"_ _208\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gsd1\">  <span class=\"_ _75\"> </span>  <span class=\"_ _185\"> </span><span class=\"fc4 ls159\">31/1<span class=\"_ _43\"></span>2/2021 <span class=\"_ _134\"> </span></span><span class=\"ff2c ls1eb\">31/12/2<span class=\"_ _43\"></span>022 <span class=\"_ _5f\"> </span></span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls18 ws0 gsd2\">Country <span class=\"_ _209\"> </span><span class=\"ff2f ls5d\">Currency <span class=\"_ _94\"> </span><span class=\"fc4 ls1a ws24\">Closing rate <span class=\"_ _94\"> </span><span class=\"fc0\">Closing rate <span class=\"_ _17c\"> </span></span><span class=\"ws68\">A<span class=\"_ _92\"></span>verage rate <span class=\"_ _5d\"> </span><span class=\"fc0\">A<span class=\"_ _92\"></span>verage rate </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc9 ws0 gsd3\">Romania <span class=\"_ _20a\"> </span><span class=\"ls62 ws64\">\u20ac1 = RON <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">4.9481 <span class=\"_ _59\"> </span></span><span class=\"ff2f ls18\">4.9474 <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">4.9202 <span class=\"_ _6c\"> </span></span><span class=\"ff2f ls18\">4.9346<span class=\"_ _333\"> </span></span><span class=\"ff2f ls18\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws17d gsd5\">Regulatory assets and lia<span class=\"_ _92\"></span>bilities result fro<span class=\"_ _92\"></span>m temporarily higher/lo<span class=\"_ _92\"></span>wer revenue due to the g<span class=\"_ _92\"></span>rid tariffs set </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 wsaee gsd6\">by the r<span class=\"_ _92\"></span>egulator<span class=\"_ _14\"></span>. Wi<span class=\"_ _92\"></span>th its Grid operating segme<span class=\"_ _92\"></span>nt,</div><div class=\"t m0 h7 ff28 fs0 fc0 sc0 ls0 ws0 gsd7\"> <span class=\"fs2 ls7d\">VERBUND</span> <span class=\"fs2 ls1f7 wsaef\">is subject to such a<span class=\"_ _43\"></span> rate stru<span class=\"_ _43\"></span>cture <span class=\"_ _92\"></span>regulated </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws1ee gsd8\">by Energi<span class=\"_ _92\"></span>e-Control A<span class=\"_ _92\"></span>ustria f\u00fcr die Regulierung der Elek<span class=\"_ _92\"></span><span class=\"lsab ws64a\">trizit\u00e4ts- und Erdgaswirtschaft (E-Control). If th<span class=\"_ _92\"></span>e </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls1b wsaf0 gsd9\">general criteria for recognitio<span class=\"_ _43\"></span>n under IFRSs are not met, neit<span class=\"_ _43\"></span>her regulatory assets nor<span class=\"_ _43\"></span> regulatory </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gsda\">liabilities ar<span class=\"_ _92\"></span>e recognised in the consolida<span class=\"_ _92\"></span>ted financial statemen<span class=\"_ _92\"></span>ts of VERBUND.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws76b gsdf\">In the 2022 r<span class=\"_ _92\"></span>eporting pe<span class=\"_ _43\"></span>riod, the fo<span class=\"ls79 ws2ba\">llowing new or amended standar<span class=\"_ _92\"></span>ds <span class=\"ls9c ws860\">and interpretations had to be </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsc9 gse0\">applied for the f<span class=\"_ _92\"></span>irst time or we<span class=\"ls96 ws5b\">re applied early by VERBUND: </span><span class=\"ls96 ws5b\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13c ws4b3 gse2\">Newly app<span class=\"_ _92\"></span>licable or applied acc<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>unting standar<span class=\"_ _92\"></span>ds <span class=\"_ _1bf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gse3\">Standard or interpretation </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2fd gse4\">Published  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gse5\">by the IASB  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b4 wsac4 gse6\">(endorsed  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc8 ws90e gse7\">by the EU) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsfd ws0 gse8\">Mandatory </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gse9\">application  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws25e gsea\">for VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gseb\">Material effects on the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsec\">consolidated interim </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsed\">financial statements of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2f ws0 gsee\">VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws3ee gsef\">IFRS 3 <span class=\"_ _7\"> </span><span class=\"ls1d ws1e\">Business Combinations \u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc8 ws257 gsf0\">Reference to the  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsf1\">Conceptual Framewo<span class=\"_ _92\"></span>rk </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gsf2\">14/5/2020 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gsf3\">(28/6/2021) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gsf4\">1/1/2022 <span class=\"_ _20b\"> </span>None </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gsf5\">IAS 16 <span class=\"_ _8\"> </span><span class=\"ls1ab wsac2\">Amendment:  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2e ws2b gsf6\">Proceeds before I<span class=\"_ _92\"></span>ntended Use </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gsf7\">14/5/2020 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gsf8\">(28/6/2021) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gsf9\">1/1/2022 <span class=\"_ _20b\"> </span>None </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gsfa\">IAS 37 <span class=\"_ _8\"> </span><span class=\"ls1ab wsac2\">Amendment:  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gsfb\">Onerous Contracts \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gsfc\">Cost of Fulfilling a Contract </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gsfd\">14/5/2020 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gsfe\">(28/6/2021) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gsff\">1/1/2022 <span class=\"_ _20b\"> </span>None </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls13c ws5ef gs101\">New accou<span class=\"_ _92\"></span>nting standar<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span>s not y<span class=\"_ _92\"></span>et applicable or applied<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws71d gs102\">The IASB has <span class=\"_ _92\"></span>also issued new standards th<span class=\"_ _92\"></span>at were not applied by VERB<span class=\"_ _92\"></span>UND in the 2022 reporting </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws13b gs103\">period because they h<span class=\"_ _92\"></span>ave eithe<span class=\"_ _92\"></span>r not yet been endorsed by <span class=\"_ _92\"></span>the European<span class=\"_ _92\"></span> Union or their applica<span class=\"_ _92\"></span>tion was </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsc5 ws5fd gs104\">not yet mandator<span class=\"_ _43\"></span>y:  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsd1 ws2e8 gs106\">New accounting s<span class=\"_ _92\"></span>tandards not yet applicable or<span class=\"_ _92\"></span> applied <span class=\"_ _dd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls5d wsaf1 gs107\">Standard or interpretation <span class=\"_ _3f\"> </span><span class=\"ff2f ls61 ws20\">Published by the </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5a ws64 gs108\">IASB (endorsed </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs109\">by the EU)<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs10a\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gs10b\">Mandatory </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs10c\">application for </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs10d\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs10e\">Expected material effects </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs10f\">on the consolidated </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs110\">financial statements of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs111\">VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5a ws850 gs112\">IAS 1 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs113\">Amendment: Classification o<span class=\"_ _92\"></span>f </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs114\">Liabilities as Current or  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2f gs115\">Non-current and Non-current </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs116\">Liabilities with Covenants </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws2fb gs117\">23/1/2020  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f8 ws0 gs118\">(open) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs119\">1/1/2024 <span class=\"_ _19e\"> </span>None </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc9 wsaf2 gs11a\">IFRS 16 <span class=\"_ _179\"> </span><span class=\"ls34 ws32\">Amendment: Lease Liability in </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs11b\">a Sale and Leaseback </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws2fb gs11c\">22/9/2022  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f8 ws0 gs11d\">(open) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs11e\">1/1/2024 <span class=\"_ _19e\"> </span>None </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs11f\">IAS 1 and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc9 wsaf2 gs120\">IFRS Practice </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ab ws813 gs121\">Statement 2 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs122\">Amendment: Disclosure o<span class=\"_ _92\"></span>f </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs123\">Accounting Policies and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs124\">Making Materiality </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ab ws0 gs125\">Judgements </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs126\">12/2/2021 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs127\">(2/3/2022) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs128\">1/1/2023 <span class=\"_ _19e\"> </span>None </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsd1 ws2e8 gs12e\">New accounting s<span class=\"_ _92\"></span>tandards not yet applicable or<span class=\"_ _92\"></span> applied <span class=\"_ _dd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls5d wsaf1 gs12f\">Standard or interpretation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs130\">Published by the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5a ws64 gs131\">IASB (endorsed </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs132\">by the EU)<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs133\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gs134\">Mandatory </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs135\">application for </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs136\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs137\">Expected material effects </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs138\">on the consolidated </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs139\">financial statements of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs13a\">VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5a ws850 gs13b\">IAS 8 <span class=\"_ _10d\"> </span><span class=\"ls62 ws64\">Definition of Accounting </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs13c\">Estimates </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs13d\">12/2/2021 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs13e\">(2/3/2022) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs13f\">1/1/2023 <span class=\"_ _19e\"> </span>None </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gs140\">IAS 12 <span class=\"_ _39\"> </span><span class=\"ls30 ws2d\">Amendment: Deferred Tax </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws5a6 gs141\">related to Assets and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs142\">Liabilities arising from a Single </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs143\">Transaction </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs144\">7/5/2021 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs145\">(11/8/2022) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs146\">1/1/2023 <span class=\"_ _19e\"> </span>None </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc9 wsaf2 gs147\">IFRS 17 <span class=\"_ _179\"> </span><span class=\"ls24 ws24\">Amendment: First-time </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5b ws5c gs148\">Adoption of IFRS 17 and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5c ws5d gs149\">IFRS 9 \u2013 Comparative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws0 gs14a\">Information </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs14b\">9/12/2021 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs14c\">(8/9/2022) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs14d\">1/1/2023 <span class=\"_ _19e\"> </span>None </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc9 wsaf2 gs14e\">IFRS 17 <span class=\"_ _179\"> </span><span class=\"ls62 ws64\">Insurance Contracts (First-<span class=\"_ _333\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs14f\">time Adoption) including </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws0 gs150\">Amendment </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs151\">18/5/2017 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs152\">(19/11/2021) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs153\">1/1/2023 <span class=\"_ _19e\"> </span>None </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs154\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls100 ws2fe gs155\"> basis: EU Endorseme<span class=\"_ _92\"></span>nt Status Report from 22 December 2022<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws3b4 gs157\">The impact of clim<span class=\"_ _92\"></span>ate change on the m<span class=\"_ _92\"></span>easurement of<span class=\"_ _92\"></span> VERBUND\u2019<span class=\"_ _14\"></span>s assets is evaluated <span class=\"_ _92\"></span>at regular </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws7ff gs158\">intervals, using<span class=\"_ _92\"></span> scenarios that focus on meteor<span class=\"_ _92\"></span>ology and hydro<span class=\"_ _92\"></span>logy. The climate-based scenario </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws87c gs159\">analysis dir<span class=\"_ _92\"></span>ectly affects VERBUND\u2019<span class=\"_ _14\"></span>s strat<span class=\"_ _92\"></span>egy in that the in<span class=\"_ _92\"></span>vestment progr<span class=\"_ _92\"></span>amme focuses on the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws13b gs15a\">construction of r<span class=\"_ _92\"></span>egenerative po<span class=\"_ _92\"></span>wer plants, the <span class=\"_ _92\"></span>expansion of transmission<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>systems and st<span class=\"_ _92\"></span>eps to increase </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws463 gs15b\">efficiency at existing power <span class=\"_ _92\"></span>plants. No<span class=\"_ _92\"></span> significant measur<span class=\"_ _92\"></span>ement effects as a r<span class=\"_ _92\"></span>esult of changes in<span class=\"_ _92\"></span> <span class=\"_ _85\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws315 gs15c\">the quantities r<span class=\"_ _92\"></span>elevant for energy pr<span class=\"_ _92\"></span>oduction have <span class=\"_ _92\"></span><span class=\"ls83 ws4fd\">been identified to date in connection with the </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws27a gs15d\">evaluated clim<span class=\"_ _92\"></span>ate scenarios. Es<span class=\"_ _92\"></span>timates and assumptio<span class=\"_ _92\"></span>ns made when the target<span class=\"_ _92\"></span>ed carbon neutrality is<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws65 gs15e\">implement<span class=\"_ _92\"></span>ed politically in the gas secto<span class=\"_ _92\"></span>r influence the measur<span class=\"_ _92\"></span>ement of r<span class=\"_ _92\"></span>elevant assets<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws595 gs160\">The beginning of hostilities on th<span class=\"ls7d ws766\">e part of R<span class=\"_ _92\"></span>ussian forces in Ukra<span class=\"ls64 ws430\">ine in Fe<span class=\"_ _92\"></span>bruar<span class=\"_ _43\"></span>y <span class=\"_ _87\"></span>2022 repr<span class=\"_ _92\"></span>esents a </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws651 gs161\">watershed even<span class=\"_ _92\"></span>t. The potential<span class=\"_ _92\"></span> financial impact on VERBUND\u2019<span class=\"_ _14\"></span>s assets was an<span class=\"_ _92\"></span>alysed in the course of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws950 gs54\">preparing the <span class=\"_ _92\"></span>consolidated financial stat<span class=\"_ _92\"></span>ements for the period ended 31 <span class=\"_ _89\"></span>December 20<span class=\"_ _92\"></span>22. Higher </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws43d gs162\">electricity and gas prices comp<span class=\"_ _92\"></span>ared with the previous <span class=\"ls76 ws1cb\">ye<span class=\"_ _92\"></span>ar as well as the increase in the co<span class=\"_ _92\"></span>st of capital </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws29f gs163\">had direct effec<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s on asset mea<span class=\"_ _92\"></span>surement. The <span class=\"_ _92\"></span>updating of these parameter<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> res<span class=\"_ _92\"></span>ulted in changes in the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls95 ws22c gs164\">value of assets recognised b<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> VERBUND as at 31 <span class=\"_ _14\"></span><span class=\"ls46 ws52f\">December 2022 (see section <span class=\"_ _92\"></span>3.<span class=\"ls78 ws800\">2.10 Impairment losses </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws7f6 gs165\">and revers<span class=\"_ _92\"></span>als of impairment losses in the opera<span class=\"_ _92\"></span>tin<span class=\"ls78 ws82b\">g result and section <span class=\"_ _80\"></span>3.2.16.<span class=\"ls69 wsaf3\"> Impairment losses and </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls69 wsac gs166\">reversals of impairment losses in the financial result).  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws477 gs167\">In addition to<span class=\"_ _92\"></span> the changes in the energy indu<span class=\"_ _92\"></span>str<span class=\"_ _43\"></span>y enviro<span class=\"_ _92\"></span>nment, the effects of the <span class=\"_ _92\"></span>war in Ukraine in<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls19 ws33a gs168\">financial year 2022 particularly impacted the gas <span class=\"ls0 ws11c\">network oper<span class=\"_ _92\"></span>ating subsidiar<span class=\"_ _43\"></span>y Gas Connect Austria </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws203 gs169\">GmbH (GCA) and the investm<span class=\"_ _92\"></span>ent in Trans Aus<span class=\"_ _92\"></span>tria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG). The tigh<span class=\"_ _92\"></span>t gas supply led to </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws3e3 gs16a\">rapidly rising en<span class=\"_ _92\"></span>ergy prices, which made the o<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>eratio<span class=\"_ _92\"></span>n <span class=\"ls13a wsaf4\">of the gas grid consider<span class=\"_ _92\"></span>ably mor<span class=\"_ _92\"></span>e expensive. The<span class=\"_ _92\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 wsaf5 gs16b\">aspired filli<span class=\"_ _92\"></span>ng of gas storage facilities <span class=\"_ _92\"></span>and the newly intr<span class=\"_ _92\"></span>oduced volume-based charge to co<span class=\"_ _92\"></span>ver </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws1ba gs16c\">additional energy co<span class=\"_ _92\"></span>sts had a stabilising effect on the grid b<span class=\"_ _92\"></span>usiness. The developmen<span class=\"_ _92\"></span>t of the war in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws3d2 gs16d\">Ukrain<span class=\"_ _92\"></span>e is expected to contin<span class=\"_ _92\"></span>ue to have a <span class=\"_ _92\"></span>significant impact on<span class=\"_ _92\"></span> the energy market<span class=\"_ _92\"></span>. Uncertainties exist </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws229 gs16e\">mainly due to pot<span class=\"_ _92\"></span>ential future expansion<span class=\"_ _92\"></span> of the European U<span class=\"_ _92\"></span>nion\u2019<span class=\"_ _14\"></span>s sanctions against R<span class=\"_ _92\"></span>ussia and the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls77 ws737 gs176\">related volatile Russian gas deliveries to Austria. Th<span class=\"ls19 ws29a\">e associated future fin<span class=\"_ _92\"></span>ancia<span class=\"_ _43\"></span><span class=\"ls79 ws416\">l impact is difficult to </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls88 ws30 gs177\">estimat<span class=\"_ _92\"></span>e from the curren<span class=\"_ _92\"></span>t perspective.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb3 ws518 gs178\">Developments in Ukraine, the r<span class=\"_ _92\"></span>esulting risks and <span class=\"ls38 ws4b2\">th<span class=\"_ _43\"></span>e financial impact on VE<span class=\"ls9c wsaf7\">RBUND continue to be </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls1b ws2c4 gs179\">evaluated on an ongoing basis.<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws71e gs17a\">The Fede<span class=\"_ _92\"></span>ral Act on the Electricity E<span class=\"_ _92\"></span>nergy Crisis <span class=\"ls6b ws986\">Contribution (Bundesgesetz \u00fcber den<span class=\"_ _92\"></span> Energie- </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws1ee gs17b\">krisenbeitrag-S<span class=\"_ _92\"></span>trom (EKB-S)) in A<span class=\"_ _92\"></span>ustria provides for el<span class=\"_ _92\"></span><span class=\"ls66 ws5b2\">ectricity revenues t<span class=\"_ _92\"></span>o be capped at \u20ac140 per MWh<span class=\"_ _92\"></span>,  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws45e gs17c\">in particular for the h<span class=\"_ _92\"></span>ydropower<span class=\"_ _14\"></span>, wind power<span class=\"_ _80\"></span>, solar (PV and solar thermal) and har<span class=\"_ _92\"></span>d coal generation </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws86a gs17d\">technologies<span class=\"_ _92\"></span>. If encouraged inves<span class=\"_ _92\"></span>tments in renewable <span class=\"_ _92\"></span>energies and energy efficiency are m<span class=\"_ _92\"></span>ade, a </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws4a8 gs17e\">deduction amounting to 50 <span class=\"_ _92\"></span>% of the actual costs ma<span class=\"_ _92\"></span><span class=\"ls71 ws1fa\">y be claimed, up to a max<span class=\"_ _43\"></span>imum of \u20ac36 per MWh of </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsc5 wsaf8 gs17f\">electr<span class=\"_ _43\"></span>icity (ba<span class=\"_ _43\"></span>sed on the supplied volume<span class=\"_ _43\"></span> underlying the market revenue). Revenue above the price cap </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws2b9 gs180\">will be taxed at 90 %. The mont<span class=\"ls75 ws56a\">hly excess r<span class=\"_ _92\"></span>evenue accrued between<span class=\"ls78 ws4a9\"> 1 December 2022 and 31 December </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws6ed gs181\">2023 will be taxed. The refere<span class=\"_ _92\"></span>nce value for the excess<span class=\"ls80 ws6ee\"> profit tax is the reven<span class=\"_ _92\"></span>ue that results when </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws1a5 gs182\">electricity derivatives and el<span class=\"_ _92\"></span>ectric<span class=\"ls88 ws889\">ity purchase agr<span class=\"_ _92\"></span>eements are tak<span class=\"_ _92\"></span>en into account (a<span class=\"_ _92\"></span>verage mo<span class=\"_ _92\"></span>nthly </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws756 gs183\">price).  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws6e8 gs184\">In addition to<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he windfall profit tax in<span class=\"_ _92\"></span> Austria, VERBUND an<span class=\"_ _92\"></span>d its renewable gener<span class=\"_ _92\"></span>ation plants ar<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws9d9 gs185\">also affected by mar<span class=\"_ _92\"></span>ket interventions in Germany, Spain and Ro<span class=\"_ _92\"></span>mania<span class=\"_ _43\"></span>; above all the new la<span class=\"_ _92\"></span>w in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws7fd gs186\">Germany is expected to<span class=\"_ _92\"></span> result in significant win<span class=\"_ _92\"></span>dfall taxes. The wind<span class=\"_ _92\"></span>fall profit tax system<span class=\"_ _92\"></span> in G<span class=\"_ _43\"></span>ermany is </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f wsaf9 gs187\">based on differentia<span class=\"_ _92\"></span>ted limits depending on the gen<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ratio<span class=\"_ _92\"></span>n technology, as well as on the ty<span class=\"_ _92\"></span>pe of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 ws3d9 gs188\">mark<span class=\"_ _92\"></span>eting in the case of r<span class=\"_ _92\"></span>enewable ener<span class=\"_ _0\"></span>gy plants<span class=\"_ _92\"></span>. In Germany, 90 <span class=\"_ _87\"></span>% of th<span class=\"_ _92\"></span>e excess reven<span class=\"_ _92\"></span>ues accrued </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws314 gs189\">between 1 <span class=\"_ _85\"></span>D<span class=\"_ _43\"></span>ecember 2022 and 30 <span class=\"_ _88\"></span>J<span class=\"_ _92\"></span>une 2023 will be subj<span class=\"ls76 ws836\">ect to the tax <span class=\"_ _88\"></span>\u2013 with <span class=\"ls46 ws7b4\">the possibility of an </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7a ws72 gs18a\">extension from 30 J<span class=\"_ _92\"></span>une 2023 until 30 April 2024. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws8cd gs18b\">The windfall tax is 100 % tax-d<span class=\"_ _92\"></span>eductible. The windfall<span class=\"ls82\"> tax is pr<span class=\"_ _92\"></span>esented in th<span class=\"ls87 ws27b\">e income statement under </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 ws2c2 gs18c\">other rev<span class=\"_ _92\"></span>enue-rela<span class=\"_ _92\"></span>ted expenses. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws6a7 gs18d\">VERBUND enters in<span class=\"_ _92\"></span>to medium and long-term electricity supply a<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>reemen<span class=\"_ _92\"></span>ts (Power Pur<span class=\"_ _92\"></span>chase </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gs18e\">Agreemen<span class=\"_ _92\"></span>ts, PP<span class=\"_ _14\"></span>As) for the mar<span class=\"_ _92\"></span>keting of generation<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>in the renewa<span class=\"_ _92\"></span>ble energy business<span class=\"_ _92\"></span>. A basic distinction </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 ws92 gs18f\">is made her<span class=\"_ _92\"></span>e between physical PP<span class=\"_ _14\"></span>As<span class=\"ls78 ws421\"> and virtual PP<span class=\"_ _92\"></span>As. Phy<span class=\"_ _92\"></span>sical PP<span class=\"_ _14\"></span>As provide for the actual<span class=\"_ _92\"></span> deliver<span class=\"_ _43\"></span>y of </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws880 gs190\">the output eit<span class=\"_ _92\"></span>her directly to the custom<span class=\"_ _92\"></span>er or vi<span class=\"wsa30\">a the public power grid. In<span class=\"_ _92\"></span> contrast, virtual<span class=\"_ _92\"></span> PP<span class=\"_ _92\"></span>As </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7b ws172 gs191\">decouple the flo<span class=\"_ _92\"></span>w of electricity from fin<span class=\"_ _92\"></span>ancial cash flows<span class=\"_ _92\"></span>. VERBUND sells the output o<span class=\"_ _92\"></span>n the spot market<span class=\"_ _92\"></span>, </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws1c5 gs192\">whereb<span class=\"_ _92\"></span>y the difference be<span class=\"_ _92\"></span>tween the individually cont<span class=\"ls33 ws76d\">r<span class=\"_ _92\"></span>acted electricity price and the r<span class=\"_ _92\"></span>espective market </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws39b gs193\">price achieved is settled between<span class=\"_ _92\"></span> VERBUND and the customer<span class=\"_ _80\"></span>. Depending on the structur<span class=\"_ _92\"></span>e of these </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d ws6c8 gs194\">bilateral contracts, they are accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for either as<span class=\"lsab ws531\"> a p<span class=\"_ _43\"></span>ending contract (IAS <span class=\"_ _80\"></span>37 for <span class=\"_ _43\"></span>onerous contracts), <span class=\"_ _80\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs195\">as a derivative <span class=\"_ _92\"></span>(IFRS 9) or as a lease (IFRS 16).<span class=\"_ _333\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsa9 ws5c5 gs196\">Balance sheet presentation of <span class=\"_ _92\"></span>d<span class=\"_ _43\"></span>erivativ<span class=\"_ _92\"></span>e financial instruments  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws32b gs197\">Due to the <span class=\"_ _92\"></span>significant incre<span class=\"_ _92\"></span>ase <span class=\"_ _43\"></span>in prices on the electricity and g<span class=\"_ _92\"></span>as markets in the curr<span class=\"_ _92\"></span>ent and previous </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 ws2c9 gs198\">financial years, the resulting high measurement effects in other receivables and liabilities led to large </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws1c5 gs199\">increases in<span class=\"_ _92\"></span> these items. The p<span class=\"_ _92\"></span>resentation o<span class=\"_ _92\"></span>f derivative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments in the bal<span class=\"_ _92\"></span>ance sheet was </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls70 ws22b gs19a\">adjusted in order to continue pr<span class=\"_ _92\"></span>oviding a true and fa<span class=\"ls82 ws801\">ir view in addition to en<span class=\"_ _92\"></span>suring comparability with </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6f5 gs19b\">the financial s<span class=\"_ _92\"></span>tatements of companies in<span class=\"_ _92\"></span> the same or similar industries<span class=\"_ _92\"></span>. The measuremen<span class=\"_ _92\"></span>t gains and </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws8cd gs19c\">losses fro<span class=\"_ _92\"></span>m derivative financial instrumen<span class=\"_ _92\"></span>ts previously presen<span class=\"_ _92\"></span>ted in trade receivables<span class=\"_ _92\"></span>, other receivables </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws61a gs19d\">and securities or trade pa<span class=\"_ _92\"></span>yables and other liabilities <span class=\"ls97 ws3f9\">ar<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> broken down in application of IAS <span class=\"_ _92\"></span>8.<span class=\"_ _43\"></span>14 <span class=\"_ _92\"></span>(<span class=\"_ _43\"></span>b) into </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d wsafa gs19e\">a current and non-current portion and presented separately in the<span class=\"_ _43\"></span> new items Receivables<span class=\"_ _43\"></span> from<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls79 ws3a9 gs1a9\">derivative financial instruments and Liabilities from derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nc<span class=\"ls80 ws5ab\">ial instruments. These items hav<span class=\"_ _92\"></span>e </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 ws3db gs1aa\">so far not been br<span class=\"_ _92\"></span>oken down into curr<span class=\"_ _92\"></span>ent and non-curr<span class=\"_ _92\"></span>ent components<span class=\"_ _92\"></span>, which will be corrected in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 wsfa gs1ab\">application<span class=\"_ _92\"></span> of IAS 8.41. This did not ha<span class=\"_ _92\"></span>ve any effect on earnings<span class=\"_ _92\"></span>. The changes and corr<span class=\"_ _92\"></span>ections presented </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws81 gs1ac\">were made<span class=\"_ _92\"></span> retrospectively in<span class=\"_ _92\"></span> accordance with IAS 8 by adj<span class=\"_ _92\"></span>usting all comparative in<span class=\"_ _92\"></span>formation. </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsac ws2cb gs1ae\">Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws6d6 gs1af\">1/1/2021  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1fb ws90e gs1b0\">Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws6d6 gs1b1\">1/1/2021  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs1b2\">After adjustment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs1b3\">Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">670.4 <span class=\"_ _11b\"> </span>52.4 <span class=\"_ _16a\"> </span>722.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs1b4\">Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">670.4 <span class=\"_ _a5\"> </span>\u2013<span class=\"fsa\"> </span>63.5 <span class=\"_ _127\"> </span>606.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs1b5\">Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>115.9 <span class=\"_ _127\"> </span>115.9 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs1b6\">Current assets <span class=\"_ _1d2\"> </span><span class=\"ls18 ws0\">620.1 <span class=\"_ _4a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">32.0 <span class=\"_ _16a\"> </span></span></span>588.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs1b7\">Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>144.3 <span class=\"_ _127\"> </span>144.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs1b8\">T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _123\"> </span><span class=\"ls0 ws0\">620.1 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>176.3 <span class=\"_ _127\"> </span>443.7 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1b9\">Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">1,290.5 <span class=\"_ _50\"> </span>20.4 <span class=\"_ _132\"> </span>1,310.9</span><span class=\"ls18 ws0\"><span class=\"_ _92\"></span> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws6d6 gs1bb\">1/1/2021  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1fb ws90e gs1bc\">Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws6d6 gs1bd\">1/1/2021  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs1be\">After adjustment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1bf\">Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">399.0 <span class=\"_ _50\"> </span>57.3 <span class=\"_ _3\"> </span>456.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1c0\">Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _157\"> </span>57.3 <span class=\"_ _de\"> </span>57.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs1c1\">Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">399.0 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>399.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs1c2\">Current liabilities <span class=\"_ _c5\"> </span><span class=\"ls49 ws0\">813.8 <span class=\"_ _66\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">37.0<span class=\"_ _43\"></span> <span class=\"_ _16a\"> </span><span class=\"ls18\">776.8 </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs1c3\">Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>215.1 <span class=\"_ _127\"> </span>215.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs1c4\">T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _1d5\"> </span><span class=\"ls0 ws0\">813.8 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>252.0 <span class=\"_ _127\"> </span>561.8 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs1c5\">Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">1,212.8 <span class=\"_ _11b\"> </span>20.4 <span class=\"_ _132\"> </span><span class=\"ls29\">1,2<span class=\"_ _43\"></span>33.2</span></span><span class=\"ls18 ws0\"><span class=\"ls29\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsac ws2cb gs1c7\">Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1c8\">  <span class=\"_ _20f\"> </span><span class=\"ff2f ls1ea wsafe\">31/12/2021<span class=\"_ _43\"></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1fb ws90e gs1c9\">Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1ea wsafe gs1ca\">31/12/2021<span class=\"_ _43\"></span>  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs1cb\">After adjustment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs1cc\">Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">695.8 <span class=\"_ _a5\"> </span>729.5 <span class=\"_ _132\"> </span>1,425.<span class=\"_ _92\"></span>4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs1cd\">Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">695.8 <span class=\"_ _f3\"> </span>204.3 <span class=\"_ _5f\"> </span>900.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs1ce\">Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>525.2 <span class=\"_ _127\"> </span>525.2 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs1cf\">Current assets <span class=\"_ _210\"> </span><span class=\"ls18 ws0\">3,865.7 <span class=\"_ _fd\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>559.7 <span class=\"_ _132\"> </span><span class=\"ls35\">3,306.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs1d0\">Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _23\"> </span>1,972.7 <span class=\"_ _aa\"> </span>1,972.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs1d1\">T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _2\"> </span><span class=\"ls0 ws0\">3,865.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>2,532.4 <span class=\"_ _59\"> </span>1,333.3 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1d2\">Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">4,561.5 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>4,731.3<span class=\"_ _333\"> </span></span><span class=\"ls18 ws0\"> </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1d4\">  <span class=\"_ _20f\"> </span><span class=\"ff2f ls1ea wsafe\">31/12/2021<span class=\"_ _43\"></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1fb ws90e gs1d5\">Before adjustment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs1d6\">Adjustment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1ea wsafe gs1d7\">31/12/2021<span class=\"_ _43\"></span>  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs1d8\">After adjustment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1d9\">Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">462.1 <span class=\"_ _a5\"> </span>734.8 <span class=\"_ _132\"> </span>1,196.9<span class=\"_ _92\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1da\">Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _aa\"> </span>734.8 <span class=\"_ _127\"> </span>734.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs1db\">Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">462.1 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>462.1 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs1dc\">Current liabilities <span class=\"_ _106\"> </span><span class=\"ls18 ws0\">4,614.<span class=\"_ _92\"></span>7 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>565.0 <span class=\"_ _132\"> </span>4,049.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs1dd\">Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _fd\"> </span>3,313.3 <span class=\"_ _aa\"> </span>3,313.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs1de\">T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _11f\"> </span><span class=\"ls0 ws0\">4,614.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>3,878.3 <span class=\"_ _127\"> </span>736.4 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs1df\">Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">5,076.8 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>5,246.6</span><span class=\"ls18 ws0\"><span class=\"_ _92\"></span> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-589": {
   "value": "1.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsc6 wsacc\">General information on the preparation of the </span>financial statements<span class=\"_ _333\"> </span>1.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls120 wsace\">Reporting company<span class=\"_ _333\"> </span></span>VERBUND AG<span class=\"fs0 ls0 ws0\"> </span><span class=\"ls64 ws406\">with its r<span class=\"_ _92\"></span>egistered office at Am Hof 6a, 1010 V<span class=\"_ _92\"></span>i<span class=\"ls19 ws313\">enna</span><span class=\"ls19 ws313\">, Austria<span class=\"_ _92\"></span>, is the parent company of t<span class=\"_ _92\"></span>he<span class=\"_ _333\"> </span></span></span>VERBUND energy gr<span class=\"_ _92\"></span>oup<span class=\"_ _92\"></span>, which operates in A<span class=\"_ _92\"></span>ustria and abroad. VERB<span class=\"_ _92\"></span>UND <span class=\"_ _85\"></span>AG is en<span class=\"_ _0\"></span>tered in<span class=\"_ _92\"></span> the<span class=\"_ _333\"> </span>commercial r<span class=\"_ _92\"></span>egister at the Commercial Co<span class=\"ls87 ws185\">urt of Vienna under number FN 76023z. </span>VERBUND gener<span class=\"_ _92\"></span>ates, trad<span class=\"_ _92\"></span>es and sells electricity to m<span class=\"_ _92\"></span>arket participants fr<span class=\"_ _92\"></span>om energy exchanges<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span>traders<span class=\"_ _92\"></span>, electr<span class=\"_ _43\"></span>ic utilities and industrial companie<span class=\"ls46 ws442\">s as well as household and <span class=\"lsab wsacf\">commercial customers. <span class=\"_ _87\"></span> </span></span>In addition, VERB<span class=\"_ _92\"></span>UND trades and sells gas t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> market p<span class=\"_ _92\"></span>articipants from ener<span class=\"_ _92\"></span>gy exchanges,<span class=\"_ _92\"></span> traders and<span class=\"_ _333\"> </span>household custom<span class=\"_ _92\"></span>ers and provides energy-r<span class=\"_ _92\"></span>elated services. F<span class=\"_ _92\"></span>urthermore<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> VERBUND opera<span class=\"_ _92\"></span>tes the<span class=\"_ _333\"> </span>Austrian el<span class=\"_ _92\"></span>ectr<span class=\"_ _43\"></span>icity transmission<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>network via A<span class=\"_ _92\"></span>u<span class=\"ls6b wsa6b\">stria Power Grid AG (APG) as well as the gas<span class=\"_ _333\"> </span></span>transmission and distr<span class=\"_ _43\"></span>ibution netw<span class=\"_ _43\"></span>ork via Gas Connect Austria GmbH (G<span class=\"_ _43\"></span>CA)<span class=\"_ _43\"></span>. In addition, VERBUND<span class=\"_ _333\"> </span>holds investments in Austrian an<span class=\"ls80 wsde\">d for<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ign electric utilities.</span><span class=\"ls80 wsde\"> </span>1.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsbd ws83f\">Financial reporting p<span class=\"_ _92\"></span>rinciples<span class=\"_ _333\"> </span></span>VERBUND prepar<span class=\"_ _92\"></span>es its consolidated financial statements in accord<span class=\"ls64 ws662\">ance with Section <span class=\"_ _88\"></span>245a(1) of the<span class=\"_ _333\"> </span></span>Austrian Co<span class=\"_ _92\"></span>mmercial Code (Unt<span class=\"_ _92\"></span>ernehmensgesetzbuch, UGB) in com<span class=\"_ _92\"></span>pliance with Intern<span class=\"_ _92\"></span>ational<span class=\"_ _333\"> </span>Fin<span class=\"_ _92\"></span>ancial Reporting Standar<span class=\"_ _92\"></span>ds (IFRSs) as endorsed by the E<span class=\"_ _92\"></span>uropean Union<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> The additional<span class=\"_ _333\"> </span>requir<span class=\"_ _0\"></span>ements of Section <span class=\"_ _87\"></span>245a(1) Austrian Co<span class=\"_ _92\"></span>mmercial <span class=\"ls64 ws3a4\">Code (UGB) were also satisfied. Th<span class=\"_ _92\"></span>e separate<span class=\"_ _333\"> </span></span>financial statem<span class=\"_ _92\"></span>ents of the subsidiaries included in<span class=\"ls33 ws24d\"> the con<span class=\"_ _92\"></span>solidated financial statemen<span class=\"_ _92\"></span>ts are based on<span class=\"_ _333\"> </span></span>uniform accounting policies. T<span class=\"_ _92\"></span>he reporting date is <span class=\"ls7a ws72\">31 December 2022 for all consolidated subs<span class=\"_ _43\"></span>idiaries. </span>The consolidated fin<span class=\"_ _92\"></span>ancial statements ar<span class=\"_ _92\"></span>e prepar<span class=\"_ _92\"></span>ed <span class=\"ls7b ws8a9\">in thousands of eur<span class=\"_ _92\"></span>os (\u20ack) (with the exception of<span class=\"_ _333\"> </span></span>the notes to th<span class=\"_ _92\"></span>e annual financial statem<span class=\"_ _92\"></span>ents, in which amoun<span class=\"_ _92\"></span>ts are generall<span class=\"_ _92\"></span>y indicated in millions of<span class=\"_ _333\"> </span>euros (\u20acm)<span class=\"_ _92\"></span>). Rounding differen<span class=\"_ _0\"></span>ces can arise when<span class=\"_ _92\"></span><span class=\"ls70 ws5a1\"> adding rounded amounts and when calculating<span class=\"_ _333\"> </span></span>percen<span class=\"_ _92\"></span>tages.<span class=\"_ _333\"> </span><span class=\"_ _92\"></span> All material companies directly or <span class=\"ls80 ws566\">indirectly contr<span class=\"_ _92\"></span>olled by VERBUND <span class=\"_ _14\"></span>AG<span class=\"ls83 ws162\"> (subsidiaries) are in<span class=\"_ _92\"></span>cluded in<span class=\"_ _333\"> </span></span></span>the consolidate<span class=\"_ _43\"></span>d financial statements of VERBUND by means of cons<span class=\"_ _43\"></span>olidation. Inclus<span class=\"_ _43\"></span>ion in the<span class=\"_ _333\"> </span>consolidated fin<span class=\"_ _92\"></span>ancial statements begin<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> when <span class=\"ls83 wsad6\">con<span class=\"_ _92\"></span>trol is achieved and ends when i<span class=\"_ _92\"></span>t ceases.<span class=\"_ _333\"> </span></span>Subsidiaries are initia<span class=\"ls75 ws81\">lly consolidat<span class=\"_ _92\"></span>ed using the acquisition method.<span class=\"_ _333\"> </span></span>Join<span class=\"_ _92\"></span>t ventures and associa<span class=\"_ _92\"></span>tes that are dir<span class=\"_ _92\"></span>ectly or <span class=\"ls19 ws573\">indirectly substantially in<span class=\"ls71 ws4d4\">fluenced by VERBUND <span class=\"_ _14\"></span>AG<span class=\"_ _333\"> </span></span></span>are accoun<span class=\"_ _92\"></span>ted for using the equity method. I<span class=\"_ _92\"></span>nvestees account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for using the equity m<span class=\"_ _92\"></span>ethod are<span class=\"_ _333\"> </span>recognised wit<span class=\"_ _43\"></span>h their proportional IFRS prof<span class=\"_ _43\"></span>it or loss take<span class=\"_ _43\"></span>n from (<span class=\"_ _92\"></span>conso<span class=\"_ _43\"></span>lidated) interim <span class=\"_ _43\"></span>or annual<span class=\"_ _333\"> </span>financial stat<span class=\"_ _92\"></span>ements for which the repo<span class=\"_ _92\"></span>rting date is not more than<span class=\"_ _92\"></span> three months prior to<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>VERBUND\u2019<span class=\"_ _14\"></span>s<span class=\"_ _333\"> </span>reporting da<span class=\"_ _92\"></span>te<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Intra-Gr<span class=\"_ _92\"></span>oup transactions, r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables, liabilities <span class=\"lsb3 wsad9\">and inter<span class=\"_ _92\"></span>company profits <span class=\"ls82 wsada\">are eliminat<span class=\"_ _92\"></span>ed taking<span class=\"_ _333\"> </span></span></span>account of deferr<span class=\"_ _92\"></span>ed taxes. Wi<span class=\"_ _92\"></span>th respect to intr<span class=\"_ _92\"></span>a-Group business acquisitio<span class=\"_ _0\"></span>ns and mergers of join<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> ventures, the historical carr<span class=\"_ _43\"></span>ying amounts of the<span class=\"_ _43\"></span> acquir<span class=\"ls88 ws151\">ed entit<span class=\"_ _92\"></span>y are carried forward to th<span class=\"_ _92\"></span>e new entity, i.e<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> </span>they are n<span class=\"_ _92\"></span>ot remeasur<span class=\"_ _92\"></span>ed at fair value.<span class=\"_ _333\"> </span>Basic principles<span class=\"_ _333\"> </span>Consolidation  methods<span class=\"_ _333\"> </span>221<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>In the c<span class=\"_ _92\"></span>ase of investees tha<span class=\"_ _92\"></span>t are contr<span class=\"_ _92\"></span>olled together with ano<span class=\"_ _92\"></span>ther joint operator<span class=\"_ _80\"></span>, if VERBUND has rights to the as<span class=\"_ _92\"></span>sets attributable to the in<span class=\"_ _92\"></span>vestee as well as obli<span class=\"_ _92\"></span>gations for its liabil<span class=\"_ _92\"></span>ities, VERBUND recognises its s<span class=\"_ _92\"></span>hare of the assets an<span class=\"_ _92\"></span>d liabilities and/or r<span class=\"_ _92\"></span>evenue and expenses.<span class=\"_ _333\"> </span>A list of all of VERBUND\u2019<span class=\"_ _92\"></span>s subsidiaries, joint ventur<span class=\"_ _92\"></span>es<span class=\"ls33 ws82\"> and associates is presen<span class=\"_ _92\"></span>ted in the section entitled </span>Group struct<span class=\"_ _92\"></span>ure. The gr<span class=\"_ _92\"></span>oup of subsidiaries, joint ven<span class=\"_ _92\"></span>tures and associates in<span class=\"_ _92\"></span>cluded in the consolidated financial statements changed <span class=\"_ _92\"></span>as follo<span class=\"ls83 ws45\">ws in the 2022 reporting period:<span class=\"_ _333\"> </span></span><span class=\"ls83 ws45\">  </span>Basis of consolidation <span class=\"_ _1ea\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _18c\"> </span>  <span class=\"_ _97\"> </span>  </span>Consolidation <span class=\"_ _184\"> </span><span class=\"ws22\">Accounted f<span class=\"_ _92\"></span>or using </span>the equity method Accounted for as<span class=\"_ _0\"></span> a joint operation As at 31/12/2021 <span class=\"_ _13\"> </span><span class=\"ls0 ws0\">30 <span class=\"_ _1eb\"> </span>8 <span class=\"_ _14e\"> </span>1 </span>Additions from ne<span class=\"_ _92\"></span>wly formed entities <span class=\"_ _16b\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _146\"> </span><span class=\"ls0 ws0\">9 <span class=\"_ _1eb\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>Other additions <span class=\"_ _100\"> </span><span class=\"ls0 ws0\">5 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>Disposals by means of merger <span class=\"_ _1ec\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>1 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>As at 31/12/20<span class=\"_ _43\"></span>22 <span class=\"_ _1ed\"> </span><span class=\"ls18 ws0\">45 <span class=\"_ _1a8\"> </span><span class=\"ls17\">8 <span class=\"_ _181\"> </span>1 </span></span>of which domestic companies <span class=\"_ _4e\"> </span>16 <span class=\"_ _1a8\"> </span>7 <span class=\"_ _14e\"> </span>1 of which foreign companies <span class=\"_ _2e\"> </span><span class=\"ls0 ws0\">29 <span class=\"_ _1a8\"> </span>1 <span class=\"_ _14e\"> </span>0</span><span class=\"ls0 ws0\"> </span>VERBUND V<span class=\"_ _14\"></span>entur<span class=\"_ _92\"></span>es GmbH and VERBUND Green P<span class=\"_ _92\"></span>ower Iberia <span class=\"_ _87\"></span>S<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span>L.U. wer<span class=\"_ _92\"></span>e newly established an<span class=\"_ _92\"></span>d consolidated for the first time in financial year 2022.  In the course of an<span class=\"_ _92\"></span> acquisition, the following nine<span class=\"ls64 ws403\"> Spanish companies wer<span class=\"_ _92\"></span>e included in<span class=\"_ _43\"></span> the basis of </span>consolidation for t<span class=\"_ _43\"></span>he first time (s<span class=\"_ _43\"></span>ee Business acqu<span class=\"_ _43\"></span><span class=\"ls19 wsadf\">isitions): Anselma Issuer<span class=\"_ _80\"></span><span class=\"ls176 wsae0\">, S.A<span class=\"_ _43\"></span>.; Sica De<span class=\"_ _43\"></span>sarrollos </span></span>T<span class=\"_ _14\"></span>otan\u00e9s, S<span class=\"_ _14\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Sica Desarr<span class=\"_ _92\"></span>ollos Albarre<span class=\"_ _92\"></span>al, S.L.U<span class=\"_ _92\"></span>.; Sica Desarr<span class=\"_ _92\"></span>ollos Cu<span class=\"_ _92\"></span>er<span class=\"_ _43\"></span>va, S<span class=\"_ _92\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Sica <span class=\"_ _92\"></span>Desarrollos Los N<span class=\"_ _92\"></span>avalmor<span class=\"_ _92\"></span>ales, S.L.U<span class=\"_ _92\"></span>.; T<span class=\"_ _14\"></span>opacio Energy, S<span class=\"_ _92\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Catalpa So<span class=\"_ _92\"></span>lar<span class=\"_ _14\"></span>, S.L.U<span class=\"_ _92\"></span>.; T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _14\"></span>, S.L.U<span class=\"_ _92\"></span>.; and VERBUND Green P<span class=\"_ _92\"></span>ower Renewabl<span class=\"_ _92\"></span>e Projects<span class=\"_ _92\"></span>, S.L.U<span class=\"_ _92\"></span>. The other additions show the five companies \u2013 Par<span class=\"_ _92\"></span>que E\u00f3lico Buse<span class=\"_ _43\"></span>co<span class=\"_ _92\"></span>, S.L<span class=\"_ _43\"></span>., Par<span class=\"_ _92\"></span>que E\u00f3lico L<span class=\"_ _43\"></span>oma de los Pinos<span class=\"_ _92\"></span>, S.L., Par<span class=\"_ _92\"></span>que E\u00f3lico El B<span class=\"_ _92\"></span>arroso<span class=\"_ _92\"></span>, S.L., Par<span class=\"_ _92\"></span>que E\u00f3lico A<span class=\"_ _14\"></span>yamonte<span class=\"_ _92\"></span>, S.L. and Lusitani<span class=\"_ _92\"></span>a Renovables<span class=\"_ _92\"></span>, S.L. \u2013 that were included in the basis of cons<span class=\"_ _43\"></span>olidation for th<span class=\"ls6f wsda\">e first time as part of an acquisition o<span class=\"_ _92\"></span>f assets.  </span>VERBUND <span class=\"_ _89\"></span>AG tr<span class=\"_ _92\"></span>ansferred its limi<span class=\"ls7d ws96b\">ted partnership inte<span class=\"ls95 wsae2\">rest (100.0 <span class=\"_ _89\"></span>%) in VERBUND Green P<span class=\"_ _92\"></span>ower </span></span>H<span class=\"_ _92\"></span>unsr\u00fcck GmbH &amp; Co<span class=\"_ _92\"></span>. KG to its gener<span class=\"_ _92\"></span>al partner VERBUND Green P<span class=\"_ _92\"></span>ower Deutschland GmbH<span class=\"_ _92\"></span> by way of a contribution agr<span class=\"_ _92\"></span>eement dated 18 <span class=\"_ _89\"></span>July 2022. As a r<span class=\"_ _92\"></span>esult of the tr<span class=\"_ _92\"></span>ansfer<span class=\"_ _14\"></span>, VERBUND Gr<span class=\"_ _92\"></span>een Power H<span class=\"_ _92\"></span>unsr\u00fcck GmbH &amp; Co<span class=\"_ _92\"></span>. KG ceased t<span class=\"_ _92\"></span>o ex<span class=\"_ _43\"></span>ist and its assets an<span class=\"_ _92\"></span>d liabilities were tran<span class=\"_ _92\"></span>sferred to VERBUND Green P<span class=\"_ _92\"></span>ower Deutschland GmbH. I<span class=\"_ _92\"></span>n a further step<span class=\"_ _92\"></span>, VERBUND <span class=\"_ _92\"></span>AG contributed its sh<span class=\"_ _92\"></span>ares in VERBUND Green Power Deutschland GmbH as well as its limited <span class=\"ls72 ws5d1\">partnersh<span class=\"_ _43\"></span>ip interest in Infrastrukturgesellschaft </span>Bischheim Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _92\"></span>G and Infras<span class=\"_ _92\"></span>truktur Oberheimbach I Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _14\"></span>G to VERBUND Green Power GmbH (<span class=\"_ _43\"></span>VGP). The acquisit<span class=\"_ _43\"></span>ion of a non-controlling interest in Infrastrukturges<span class=\"_ _43\"></span>ellschaft Bischheim Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _92\"></span>G increases VERB<span class=\"_ _92\"></span>UND Green Pow<span class=\"_ _92\"></span>er GmbH\u2019<span class=\"_ _14\"></span>s stake in this compa<span class=\"_ _92\"></span>ny to around 80.6 %.<span class=\"_ _333\"> </span> Basis of  consolidation 222 Acquisition of an operationa<span class=\"_ _92\"></span><span class=\"lsff ws5b4\">l renewables portfolio and de<span class=\"_ _92\"></span>velopment platform in Spain </span>VERBUND acquir<span class=\"_ _92\"></span>ed a p<span class=\"_ _43\"></span>ortfolio of Spanish project co<span class=\"_ _92\"></span><span class=\"ls46 ws356\">mpanie<span class=\"_ _43\"></span>s effective 28 <span class=\"_ _92\"></span>July 2022 (nine of which wer<span class=\"_ _92\"></span>e </span>included in the bas<span class=\"_ _43\"></span>is of consolidation;<span class=\"_ _43\"></span> see Basis of cons<span class=\"_ _43\"></span>olidation) from the Q-Energ<span class=\"_ _43\"></span>y Group<span class=\"_ _92\"></span>. <span class=\"_ _8a\"></span> The considera<span class=\"_ _92\"></span>tion transferred for the <span class=\"_ _92\"></span>acquisition of the companies amo<span class=\"_ _92\"></span>unted to approxima<span class=\"_ _92\"></span>tely \u20ac509.9m, taking into accoun<span class=\"_ _92\"></span>t a cash payment and <span class=\"lsbc wsad8\">the assumption of r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ciprocal r<span class=\"_ _92\"></span>eceivables and </span>liabilities<span class=\"_ _92\"></span>. As part of the transaction, VERB<span class=\"_ _92\"></span>UND entered into the outstan<span class=\"_ _92\"></span>ding upstream l<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>ans in the amount of approximately \u20ac73.3<span class=\"_ _92\"></span>m (loans payable fr<span class=\"ls80 ws274\">om VERBUND\u2019<span class=\"_ _14\"></span>s perspective) and shareholder loans </span>in the amount of ar<span class=\"_ _92\"></span>ound \u20ac76.2m (loans re<span class=\"ls79 ws190\">ceivable from VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s perspe<span class=\"_ _43\"></span>ctive).  </span>In the tr<span class=\"_ _92\"></span>ansaction, an opera<span class=\"_ _92\"></span>ting photovoltaic (PV)<span class=\"_ _43\"></span> portfolio<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>with total installed c<span class=\"_ _92\"></span>apacity of 82 <span class=\"_ _14\"></span>MW<span class=\"_ _92\"></span>p and an extensive de<span class=\"_ _92\"></span>velopment platform (wind and PV projects) <span class=\"_ _92\"></span>were acquired alo<span class=\"_ _92\"></span>ng with a development te<span class=\"_ _92\"></span>am. The projects <span class=\"_ _92\"></span>are being implemen<span class=\"_ _92\"></span>ted in different regio<span class=\"_ _92\"></span>ns of Spain. On the basis o<span class=\"_ _92\"></span>f the planned capacity, the ge<span class=\"_ _92\"></span>ographic focus of the projects li<span class=\"_ _0\"></span>es in the Castil<span class=\"_ _92\"></span>la-La Mancha r<span class=\"_ _92\"></span>egion (cen<span class=\"_ _92\"></span>tral Spain) and in Andalusia (southern S<span class=\"_ _92\"></span>pain). The trans<span class=\"_ _92\"></span>action will help to implemen<span class=\"_ _92\"></span>t the VERBUND Group<span class=\"_ _14\"></span>\u2019<span class=\"_ _14\"></span>s current strat<span class=\"_ _92\"></span>egy through an in<span class=\"_ _92\"></span>tense build-up and further expansi<span class=\"_ _92\"></span>on of the renewabl<span class=\"_ _92\"></span>e generation portfol<span class=\"_ _92\"></span>io, as well as to diver<span class=\"_ _92\"></span>sify with respect to m<span class=\"_ _92\"></span>arkets and technol<span class=\"_ _92\"></span>ogies in selected Europe<span class=\"_ _92\"></span>an countries. This in t<span class=\"_ _92\"></span>urn will improve <span class=\"_ _92\"></span>the risk profile and build on a position of strength<span class=\"_ _43\"></span> for renewable generation technologie<span class=\"_ _43\"></span>s on the Iber<span class=\"_ _43\"></span>ian Peninsula. The acquired co<span class=\"_ _92\"></span>mpanies have been<span class=\"_ _92\"></span> allocated to the New r<span class=\"_ _92\"></span>enewables segment<span class=\"_ _92\"></span>.  The final fair values of the identifiable a<span class=\"_ _43\"></span>ssets an<span class=\"ls9c wsae9\">d liabilities were broken down as follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>s at the </span>acquisition date:<span class=\"_ _333\"> </span>Business  acquisitions 223<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Assets acquire<span class=\"_ _92\"></span>d and liabilities assumed \u20acm Acquisition date fair value Intangible assets <span class=\"_ _92\"></span>and property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t <span class=\"_ _1ee\"> </span><span class=\"ff2f ls18 ws0\">808.1 </span>Right-of-use assets <span class=\"_ _1ef\"> </span><span class=\"ff2f ls49 ws0\">13.4 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _1dc\"> </span><span class=\"ff2f ls18 ws0\">101.4 </span>deferred tax assets <span class=\"_ _1f0\"> </span><span class=\"ff2f ls49 ws0\">23.6 </span>T<span class=\"_ _14\"></span>rade receivables and o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current assets1 <span class=\"_ _1f1\"> </span><span class=\"ff2f ls49\">53.5 </span>Cash and cash equivalents <span class=\"_ _1f2\"> </span><span class=\"ff2f ls29 ws0\">31.4 </span>T<span class=\"_ _14\"></span>otal assets acquired<span class=\"_ _92\"></span> <span class=\"_ _1f3\"> </span><span class=\"ff2c ls18 ws0\">1,031.4 </span>Non-current financial liabilities <span class=\"_ _1f4\"> </span><span class=\"ff2f ls18 ws0\">394.5 </span>Other non-current liabilities and pro<span class=\"_ _92\"></span>visions <span class=\"_ _1f5\"> </span><span class=\"ff2f ls18 ws0\">98.8 </span>Deferred ta<span class=\"ls45 ws44\">x liabilities <span class=\"_ _1f6\"> </span><span class=\"ff2f ls18 ws0\">165.4 </span></span>Current financial liabilities <span class=\"_ _1f7\"> </span><span class=\"ff2f ls18 ws0\">18.4 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other currents liabilities <span class=\"_ _1f8\"> </span><span class=\"ff2f ls18 ws0\">16.8 </span>T<span class=\"_ _14\"></span>otal liabilities assumed <span class=\"_ _1f9\"> </span><span class=\"ff2c ls18 ws0\">694.0 </span>T<span class=\"_ _14\"></span>otal identifiable net assets at f<span class=\"_ _92\"></span>air value (100 %) <span class=\"_ _1fa\"> </span><span class=\"ff2c ls18 ws0\">337.4 </span>Goodwill <span class=\"_ _1fb\"> </span><span class=\"ff2f ls18\">172.6 </span>T<span class=\"_ _14\"></span>otal consideration transferred <span class=\"_ _1fc\"> </span><span class=\"ff2c ls18 ws0\">509.9 </span>of which in cash <span class=\"_ _1fd\"> </span><span class=\"ff2f ls18 ws0\">512.8 </span>of which loans pay<span class=\"_ _92\"></span>able to previous shareholders<span class=\"_ _92\"></span> <span class=\"_ _1fe\"> </span><span class=\"ff2f ls31 ws0\">73.3 </span>of which loans receivable from previous shareholder<span class=\"_ _92\"></span>s <span class=\"_ _4\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>76.2 </span>1 For trade rec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ivables and current<span class=\"_ _92\"></span> other receivables, the carry<span class=\"_ _92\"></span>ing amounts represented a reali<span class=\"_ _92\"></span>st<span class=\"_ _43\"></span>ic estimate of<span class=\"_ _92\"></span> their fair value<span class=\"ls1f4 wsaea\">s (due to the short maturities)<span class=\"_ _43\"></span>; they also correspond </span>to the gross value of the receivables.<span class=\"_ _333\"> </span> <span class=\"_ _43\"></span> Goodwill in the amount of \u20ac172.6m can be attributed<span class=\"ls80 ws69e\"> in particular to future development projects </span>(that wer<span class=\"_ _92\"></span>e not separately iden<span class=\"_ _92\"></span>tifiable during the pur<span class=\"_ _92\"></span>chase price allocation), to th<span class=\"_ _92\"></span>e platform value of the acquired emplo<span class=\"_ _92\"></span>yee base, and to deferr<span class=\"_ _92\"></span>ed tax liabilities recognisa<span class=\"_ _0\"></span>ble in accor<span class=\"_ _92\"></span>dance with IFRS 3. VERBUND\u2019<span class=\"_ _14\"></span>s new subsidiaries contri<span class=\"ls80 ws8f6\">buted \u20ac1<span class=\"_ _43\"></span>3.0m to VERBUND\u2019<span class=\"_ _14\"></span>s reve<span class=\"ls67 ws739\">nue fro<span class=\"_ _92\"></span>m the time of initial </span></span>consolidation to the 31 <span class=\"_ _14\"></span>December 2022 reporting dat<span class=\"ls7d ws284\">e; their contribution to VERBUND\u2019<span class=\"_ _14\"></span>s profit for the </span>period was \u20ac\u2013 <span class=\"fs2 ls6b ws6f6\">37.8m. If the b<span class=\"_ _92\"></span>usiness acquisition had taken place at the beginni<span class=\"_ _92\"></span>ng of the reporting </span>period, the new subsidiaries would hav<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span><span class=\"ls80 ws2a0\"> contributed \u20ac50.7m in r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>venue and \u20ac\u2013<span class=\"fs9 ls0 ws0\"> </span><span class=\"lsab ws531\">52.8m in net pr<span class=\"_ _92\"></span>ofit for </span></span>the period to the corr<span class=\"_ _92\"></span>esponding line items of VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s income statem<span class=\"_ _92\"></span>ent. In light of the complexity<span class=\"_ _43\"></span> of the accounting policy issues in conne<span class=\"_ _43\"></span>ction with<span class=\"_ _43\"></span> this transaction and the fact that it took place cl<span class=\"_ _92\"></span>ose to the reporting date<span class=\"_ _92\"></span>, the initial accounting tr<span class=\"_ _92\"></span>eatment of this busines<span class=\"_ _92\"></span>s acquisition was classified as \u201c<span class=\"_ _92\"></span>provision<span class=\"_ _92\"></span>al\u201d in the <span class=\"ls75 ws703\">interim consolidated fin<span class=\"_ _92\"></span>ancial statements published </span>since 28 <span class=\"_ _14\"></span>July 2022. As a<span class=\"_ _92\"></span>t 31 <span class=\"_ _14\"></span>D<span class=\"_ _43\"></span>ecember 2022, adjustme<span class=\"ls46 ws8e0\">nts wer<span class=\"_ _92\"></span>e made to the preliminary purchase price </span>allocation fo<span class=\"_ _92\"></span>r the measuremen<span class=\"_ _92\"></span>t of right-of-use assets as defined under<span class=\"_ _92\"></span> IFRS <span class=\"_ _92\"></span>16, the detailed allocatio<span class=\"_ _92\"></span>n of the fair values o<span class=\"_ _92\"></span>f financial liab<span class=\"ls80 wsf1\">ilities and receivables, the an<span class=\"_ _92\"></span>alysis<span class=\"_ _43\"></span><span class=\"ls26 ws641\"> of pro<span class=\"_ _92\"></span>vision requirements and th<span class=\"_ _92\"></span>e </span></span>presen<span class=\"_ _92\"></span>tation of equity interests<span class=\"_ _92\"></span>. This completes the pur<span class=\"_ _92\"></span>chase price allocation<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span><span class=\"_ _43\"></span>  224 Effect of <span class=\"_ _92\"></span>the adjustment on the acquir<span class=\"_ _92\"></span>ed assets and liabilities classified as \u201cpro<span class=\"_ _92\"></span>visional\u201d <span class=\"_ _1ff\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Intangible assets <span class=\"_ _92\"></span>and property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t <span class=\"_ _1ee\"> </span><span class=\"ff2f ls18 ws0\">397.0 </span>Right-of-use assets <span class=\"_ _1ef\"> </span><span class=\"ff2f ls49 ws0\">13.4 </span>Other equity interests <span class=\"_ _200\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">315.4 </span></span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _201\"> </span><span class=\"ff2f ls18 ws0\">1.2 </span>Deferred tax assets <span class=\"_ _202\"> </span><span class=\"ff2f ls18 ws0\">6.8 </span>T<span class=\"_ _14\"></span>rade receivables and o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current assets<span class=\"_ _92\"></span> <span class=\"_ _153\"> </span><span class=\"ff2f ls18 ws0\">26.5 </span>Cash and cash equivalents <span class=\"_ _1f3\"> </span><span class=\"ff2f ls18 ws0\">0.5 </span>T<span class=\"_ _14\"></span>otal assets acquired<span class=\"_ _92\"></span> <span class=\"_ _203\"> </span><span class=\"ff2c ls18 ws0\">130.0 </span>Non-current financial liabilities <span class=\"_ _204\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1.4 </span></span>Other non-current liabilities and pro<span class=\"_ _92\"></span>visions <span class=\"_ _1f5\"> </span><span class=\"ff2f ls18 ws0\">15.5 </span>Deferred ta<span class=\"ls45 ws44\">x liabilities <span class=\"_ _1f6\"> </span><span class=\"ff2f ls18 ws0\">109.6 </span></span>Current financial liabilities <span class=\"_ _200\"> </span><span class=\"ff2f ls18 ws0\">1.7 </span>T<span class=\"_ _14\"></span>rade payables <span class=\"_ _92\"></span>and other current liabilities <span class=\"_ _1d6\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">12.4 </span></span>T<span class=\"_ _14\"></span>otal liabilities assumed <span class=\"_ _1f9\"> </span><span class=\"ff2c ls18 ws0\">113.0 </span>T<span class=\"_ _14\"></span>otal identifiable net assets at f<span class=\"_ _92\"></span>air value (100 %) <span class=\"_ _206\"> </span><span class=\"ff2c ls18 ws0\">17.0 </span>Goodwill <span class=\"_ _207\"> </span><span class=\"ff2f ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">17.0<span class=\"_ _333\"> </span></span></span><span class=\"ff2f ls0\"><span class=\"ls18\"> </span></span>225<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>In the separ<span class=\"_ _92\"></span>ate financial statemen<span class=\"_ _92\"></span>ts of Group companies<span class=\"_ _92\"></span>, all transactions deno<span class=\"_ _92\"></span>minated in foreign currency ar<span class=\"_ _92\"></span>e measured at the spot ex<span class=\"_ _92\"></span>change rat<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> on the trans<span class=\"_ _92\"></span>action date. M<span class=\"_ _92\"></span>onetar<span class=\"_ _43\"></span>y balance sheet it<span class=\"_ _92\"></span>ems are subsequen<span class=\"_ _92\"></span>tly measured at the r<span class=\"_ _92\"></span>espective spot exchan<span class=\"_ _92\"></span>ge rate at the r<span class=\"_ _92\"></span>eporting date. Exch<span class=\"_ _92\"></span>ange gains and losses are r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cognised through profit or loss under other financial result.  The Gr<span class=\"_ _92\"></span>oup\u2019<span class=\"_ _14\"></span>s r<span class=\"_ _92\"></span>eporting currency is the eur<span class=\"_ _92\"></span>o. The fun<span class=\"_ _92\"></span>ctional currency of VERB<span class=\"_ _92\"></span>UND <span class=\"_ _121\"></span>AG, the<span class=\"_ _92\"></span> consolidated subsidiaries (with <span class=\"_ _0\"></span>the exception of <span class=\"ls7d ws21e\">VERB<span class=\"_ _92\"></span>UND Wind Power Romania SRL) and all investees </span>accounted for usin<span class=\"_ _92\"></span>g the equity method is the eur<span class=\"_ _92\"></span>o.<span class=\"_ _92\"></span> For the consolida<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d financial sta<span class=\"_ _92\"></span>tements of VERBUND, the an<span class=\"_ _92\"></span>nual financial statemen<span class=\"_ _92\"></span>ts of the Romanian subsidiary are <span class=\"_ _92\"></span>translated into<span class=\"_ _92\"></span> euros using the function<span class=\"_ _92\"></span>al currency method.<span class=\"_ _333\"> </span>Assets and liabi<span class=\"_ _92\"></span>lities of foreign <span class=\"_ _92\"></span>Group companies with a fun<span class=\"_ _92\"></span>ctional curren<span class=\"_ _92\"></span>c<span class=\"_ _43\"></span>y other than th<span class=\"_ _92\"></span>e euro ar<span class=\"_ _92\"></span>e translat<span class=\"_ _92\"></span>ed using the for<span class=\"_ _92\"></span>eign exchange r<span class=\"_ _92\"></span>eference ra<span class=\"_ _92\"></span>te of the Eur<span class=\"_ _92\"></span>opean Central<span class=\"_ _92\"></span> Bank (ECB) or exchan<span class=\"_ _92\"></span>ge rates publ<span class=\"_ _92\"></span>ished by local na<span class=\"_ _92\"></span>tional central b<span class=\"_ _92\"></span>anks prevailing a<span class=\"_ _92\"></span>t the reporting da<span class=\"_ _92\"></span>te. Income and ex<span class=\"_ _92\"></span>penses are tr<span class=\"_ _92\"></span>anslated at a<span class=\"_ _92\"></span>verage mon<span class=\"_ _92\"></span>thly exchange r<span class=\"_ _92\"></span>ates. Differ<span class=\"_ _92\"></span>ences arising from tr<span class=\"_ _92\"></span>anslation at ex<span class=\"_ _92\"></span>change rate<span class=\"_ _92\"></span>s prevail<span class=\"_ _92\"></span>ing at the reporting da<span class=\"_ _92\"></span>te are recognised in o<span class=\"_ _92\"></span>ther comprehensive income and sho<span class=\"_ _92\"></span>wn as a separate item in equity.  The exchan<span class=\"_ _92\"></span>ge rates underlying <span class=\"_ _92\"></span>the currency translatio<span class=\"_ _92\"></span>n changed as follows:<span class=\"_ _333\"> </span>Foreign e<span class=\"_ _92\"></span>xch<span class=\"_ _43\"></span>ange rates used for currency translation <span class=\"_ _208\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _75\"> </span>  <span class=\"_ _185\"> </span><span class=\"fc4 ls159\">31/1<span class=\"_ _43\"></span>2/2021 <span class=\"_ _134\"> </span></span><span class=\"ff2c ls1eb\">31/12/2<span class=\"_ _43\"></span>022 <span class=\"_ _5f\"> </span></span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Country <span class=\"_ _209\"> </span><span class=\"ff2f ls5d\">Currency <span class=\"_ _94\"> </span><span class=\"fc4 ls1a ws24\">Closing rate <span class=\"_ _94\"> </span><span class=\"fc0\">Closing rate <span class=\"_ _17c\"> </span></span><span class=\"ws68\">A<span class=\"_ _92\"></span>verage rate <span class=\"_ _5d\"> </span><span class=\"fc0\">A<span class=\"_ _92\"></span>verage rate </span></span></span></span>Romania <span class=\"_ _20a\"> </span><span class=\"ls62 ws64\">\u20ac1 = RON <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">4.9481 <span class=\"_ _59\"> </span></span><span class=\"ff2f ls18\">4.9474 <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">4.9202 <span class=\"_ _6c\"> </span></span><span class=\"ff2f ls18\">4.9346<span class=\"_ _333\"> </span></span>Regulatory assets and lia<span class=\"_ _92\"></span>bilities result fro<span class=\"_ _92\"></span>m temporarily higher/lo<span class=\"_ _92\"></span>wer revenue due to the g<span class=\"_ _92\"></span>rid tariffs set by the r<span class=\"_ _92\"></span>egulator<span class=\"_ _14\"></span>. Wi<span class=\"_ _92\"></span>th its Grid operating segme<span class=\"_ _92\"></span>nt, <span class=\"fs2 ls7d\">VERBUND</span> <span class=\"fs2 ls1f7 wsaef\">is subject to such a<span class=\"_ _43\"></span> rate stru<span class=\"_ _43\"></span>cture <span class=\"_ _92\"></span>regulated </span>by Energi<span class=\"_ _92\"></span>e-Control A<span class=\"_ _92\"></span>ustria f\u00fcr die Regulierung der Elek<span class=\"_ _92\"></span><span class=\"lsab ws64a\">trizit\u00e4ts- und Erdgaswirtschaft (E-Control). If th<span class=\"_ _92\"></span>e </span>general criteria for recognitio<span class=\"_ _43\"></span>n under IFRSs are not met, neit<span class=\"_ _43\"></span>her regulatory assets nor<span class=\"_ _43\"></span> regulatory liabilities ar<span class=\"_ _92\"></span>e recognised in the consolida<span class=\"_ _92\"></span>ted financial statemen<span class=\"_ _92\"></span>ts of VERBUND.  Currenc<span class=\"_ _92\"></span>y  translation<span class=\"_ _333\"> </span> Regulatory assets and liabilities 226 In the 2022 r<span class=\"_ _92\"></span>eporting pe<span class=\"_ _43\"></span>riod, the fo<span class=\"ls79 ws2ba\">llowing new or amended standar<span class=\"_ _92\"></span>ds <span class=\"ls9c ws860\">and interpretations had to be </span></span>applied for the f<span class=\"_ _92\"></span>irst time or we<span class=\"ls96 ws5b\">re applied early by VERBUND: </span><span class=\"ls96 ws5b\"> </span>Newly app<span class=\"_ _92\"></span>licable or applied acc<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>unting standar<span class=\"_ _92\"></span>ds <span class=\"_ _1bf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Standard or interpretation Published  by the IASB  (endorsed  by the EU) Mandatory application  for VERBUND Material effects on the consolidated interim financial statements of VERBUND IFRS 3 <span class=\"_ _7\"> </span><span class=\"ls1d ws1e\">Business Combinations \u2013 </span>Reference to the  Conceptual Framewo<span class=\"_ _92\"></span>rk 14/5/2020 (28/6/2021) 1/1/2022 <span class=\"_ _20b\"> </span>None IAS 16 <span class=\"_ _8\"> </span><span class=\"ls1ab wsac2\">Amendment:  </span>Proceeds before I<span class=\"_ _92\"></span>ntended Use 14/5/2020 (28/6/2021) 1/1/2022 <span class=\"_ _20b\"> </span>None IAS 37 <span class=\"_ _8\"> </span><span class=\"ls1ab wsac2\">Amendment:  </span>Onerous Contracts \u2013  Cost of Fulfilling a Contract 14/5/2020 (28/6/2021) 1/1/2022 <span class=\"_ _20b\"> </span>None New accou<span class=\"_ _92\"></span>nting standar<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span>s not y<span class=\"_ _92\"></span>et applicable or applied<span class=\"_ _92\"></span> The IASB has <span class=\"_ _92\"></span>also issued new standards th<span class=\"_ _92\"></span>at were not applied by VERB<span class=\"_ _92\"></span>UND in the 2022 reporting period because they h<span class=\"_ _92\"></span>ave eithe<span class=\"_ _92\"></span>r not yet been endorsed by <span class=\"_ _92\"></span>the European<span class=\"_ _92\"></span> Union or their applica<span class=\"_ _92\"></span>tion was not yet mandator<span class=\"_ _43\"></span>y:  New accounting s<span class=\"_ _92\"></span>tandards not yet applicable or<span class=\"_ _92\"></span> applied <span class=\"_ _dd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Standard or interpretation <span class=\"_ _3f\"> </span><span class=\"ff2f ls61 ws20\">Published by the </span>IASB (endorsed by the EU)<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>Mandatory application for VERBUND Expected material effects on the consolidated financial statements of VERBUND IAS 1 Amendment: Classification o<span class=\"_ _92\"></span>f Liabilities as Current or  Non-current and Non-current Liabilities with Covenants 23/1/2020  (open) 1/1/2024 <span class=\"_ _19e\"> </span>None IFRS 16 <span class=\"_ _179\"> </span><span class=\"ls34 ws32\">Amendment: Lease Liability in </span>a Sale and Leaseback 22/9/2022  (open) 1/1/2024 <span class=\"_ _19e\"> </span>None IAS 1 and IFRS Practice Statement 2 Amendment: Disclosure o<span class=\"_ _92\"></span>f Accounting Policies and Making Materiality Judgements 12/2/2021 (2/3/2022) 1/1/2023 <span class=\"_ _19e\"> </span>None Newly applicable or applied accounting standards 227<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>New accounting s<span class=\"_ _92\"></span>tandards not yet applicable or<span class=\"_ _92\"></span> applied <span class=\"_ _dd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Standard or interpretation Published by the IASB (endorsed by the EU)<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>Mandatory application for VERBUND Expected material effects on the consolidated financial statements of VERBUND IAS 8 <span class=\"_ _10d\"> </span><span class=\"ls62 ws64\">Definition of Accounting </span>Estimates 12/2/2021 (2/3/2022) 1/1/2023 <span class=\"_ _19e\"> </span>None IAS 12 <span class=\"_ _39\"> </span><span class=\"ls30 ws2d\">Amendment: Deferred Tax </span>related to Assets and Liabilities arising from a Single Transaction 7/5/2021 (11/8/2022) 1/1/2023 <span class=\"_ _19e\"> </span>None IFRS 17 <span class=\"_ _179\"> </span><span class=\"ls24 ws24\">Amendment: First-time </span>Adoption of IFRS 17 and IFRS 9 \u2013 Comparative Information 9/12/2021 (8/9/2022) 1/1/2023 <span class=\"_ _19e\"> </span>None IFRS 17 <span class=\"_ _179\"> </span><span class=\"ls62 ws64\">Insurance Contracts (First-<span class=\"_ _333\"> </span></span>time Adoption) including Amendment 18/5/2017 (19/11/2021) 1/1/2023 <span class=\"_ _19e\"> </span>None 1 basis: EU Endorseme<span class=\"_ _92\"></span>nt Status Report from 22 December 2022<span class=\"_ _333\"> </span> The impact of clim<span class=\"_ _92\"></span>ate change on the m<span class=\"_ _92\"></span>easurement of<span class=\"_ _92\"></span> VERBUND\u2019<span class=\"_ _14\"></span>s assets is evaluated <span class=\"_ _92\"></span>at regular intervals, using<span class=\"_ _92\"></span> scenarios that focus on meteor<span class=\"_ _92\"></span>ology and hydro<span class=\"_ _92\"></span>logy. The climate-based scenario analysis dir<span class=\"_ _92\"></span>ectly affects VERBUND\u2019<span class=\"_ _14\"></span>s strat<span class=\"_ _92\"></span>egy in that the in<span class=\"_ _92\"></span>vestment progr<span class=\"_ _92\"></span>amme focuses on the construction of r<span class=\"_ _92\"></span>egenerative po<span class=\"_ _92\"></span>wer plants, the <span class=\"_ _92\"></span>expansion of transmission<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>systems and st<span class=\"_ _92\"></span>eps to increase efficiency at existing power <span class=\"_ _92\"></span>plants. No<span class=\"_ _92\"></span> significant measur<span class=\"_ _92\"></span>ement effects as a r<span class=\"_ _92\"></span>esult of changes in<span class=\"_ _92\"></span> <span class=\"_ _85\"></span> the quantities r<span class=\"_ _92\"></span>elevant for energy pr<span class=\"_ _92\"></span>oduction have <span class=\"_ _92\"></span><span class=\"ls83 ws4fd\">been identified to date in connection with the </span>evaluated clim<span class=\"_ _92\"></span>ate scenarios. Es<span class=\"_ _92\"></span>timates and assumptio<span class=\"_ _92\"></span>ns made when the target<span class=\"_ _92\"></span>ed carbon neutrality is<span class=\"_ _92\"></span> implement<span class=\"_ _92\"></span>ed politically in the gas secto<span class=\"_ _92\"></span>r influence the measur<span class=\"_ _92\"></span>ement of r<span class=\"_ _92\"></span>elevant assets<span class=\"_ _92\"></span>.  The beginning of hostilities on th<span class=\"ls7d ws766\">e part of R<span class=\"_ _92\"></span>ussian forces in Ukra<span class=\"ls64 ws430\">ine in Fe<span class=\"_ _92\"></span>bruar<span class=\"_ _43\"></span>y <span class=\"_ _87\"></span>2022 repr<span class=\"_ _92\"></span>esents a </span></span>watershed even<span class=\"_ _92\"></span>t. The potential<span class=\"_ _92\"></span> financial impact on VERBUND\u2019<span class=\"_ _14\"></span>s assets was an<span class=\"_ _92\"></span>alysed in the course of preparing the <span class=\"_ _92\"></span>consolidated financial stat<span class=\"_ _92\"></span>ements for the period ended 31 <span class=\"_ _89\"></span>December 20<span class=\"_ _92\"></span>22. Higher electricity and gas prices comp<span class=\"_ _92\"></span>ared with the previous <span class=\"ls76 ws1cb\">ye<span class=\"_ _92\"></span>ar as well as the increase in the co<span class=\"_ _92\"></span>st of capital </span>had direct effec<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s on asset mea<span class=\"_ _92\"></span>surement. The <span class=\"_ _92\"></span>updating of these parameter<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> res<span class=\"_ _92\"></span>ulted in changes in the value of assets recognised b<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> VERBUND as at 31 <span class=\"_ _14\"></span><span class=\"ls46 ws52f\">December 2022 (see section <span class=\"_ _92\"></span>3.<span class=\"ls78 ws800\">2.10 Impairment losses </span></span>and revers<span class=\"_ _92\"></span>als of impairment losses in the opera<span class=\"_ _92\"></span>tin<span class=\"ls78 ws82b\">g result and section <span class=\"_ _80\"></span>3.2.16.<span class=\"ls69 wsaf3\"> Impairment losses and </span></span>reversals of impairment losses in the financial result).  In addition to<span class=\"_ _92\"></span> the changes in the energy indu<span class=\"_ _92\"></span>str<span class=\"_ _43\"></span>y enviro<span class=\"_ _92\"></span>nment, the effects of the <span class=\"_ _92\"></span>war in Ukraine in<span class=\"_ _92\"></span> financial year 2022 particularly impacted the gas <span class=\"ls0 ws11c\">network oper<span class=\"_ _92\"></span>ating subsidiar<span class=\"_ _43\"></span>y Gas Connect Austria </span>GmbH (GCA) and the investm<span class=\"_ _92\"></span>ent in Trans Aus<span class=\"_ _92\"></span>tria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG). The tigh<span class=\"_ _92\"></span>t gas supply led to rapidly rising en<span class=\"_ _92\"></span>ergy prices, which made the o<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>eratio<span class=\"_ _92\"></span>n <span class=\"ls13a wsaf4\">of the gas grid consider<span class=\"_ _92\"></span>ably mor<span class=\"_ _92\"></span>e expensive. The<span class=\"_ _92\"></span> </span>aspired filli<span class=\"_ _92\"></span>ng of gas storage facilities <span class=\"_ _92\"></span>and the newly intr<span class=\"_ _92\"></span>oduced volume-based charge to co<span class=\"_ _92\"></span>ver additional energy co<span class=\"_ _92\"></span>sts had a stabilising effect on the grid b<span class=\"_ _92\"></span>usiness. The developmen<span class=\"_ _92\"></span>t of the war in Ukrain<span class=\"_ _92\"></span>e is expected to contin<span class=\"_ _92\"></span>ue to have a <span class=\"_ _92\"></span>significant impact on<span class=\"_ _92\"></span> the energy market<span class=\"_ _92\"></span>. Uncertainties exist mainly due to pot<span class=\"_ _92\"></span>ential future expansion<span class=\"_ _92\"></span> of the European U<span class=\"_ _92\"></span>nion\u2019<span class=\"_ _14\"></span>s sanctions against R<span class=\"_ _92\"></span>ussia and the Effect of  climate change Effects of  the war in Ukraine 228 related volatile Russian gas deliveries to Austria. Th<span class=\"ls19 ws29a\">e associated future fin<span class=\"_ _92\"></span>ancia<span class=\"_ _43\"></span><span class=\"ls79 ws416\">l impact is difficult to </span></span>estimat<span class=\"_ _92\"></span>e from the curren<span class=\"_ _92\"></span>t perspective.  Developments in Ukraine, the r<span class=\"_ _92\"></span>esulting risks and <span class=\"ls38 ws4b2\">th<span class=\"_ _43\"></span>e financial impact on VE<span class=\"ls9c wsaf7\">RBUND continue to be </span></span>evaluated on an ongoing basis.<span class=\"_ _333\"> </span> The Fede<span class=\"_ _92\"></span>ral Act on the Electricity E<span class=\"_ _92\"></span>nergy Crisis <span class=\"ls6b ws986\">Contribution (Bundesgesetz \u00fcber den<span class=\"_ _92\"></span> Energie- </span>krisenbeitrag-S<span class=\"_ _92\"></span>trom (EKB-S)) in A<span class=\"_ _92\"></span>ustria provides for el<span class=\"_ _92\"></span><span class=\"ls66 ws5b2\">ectricity revenues t<span class=\"_ _92\"></span>o be capped at \u20ac140 per MWh<span class=\"_ _92\"></span>,  </span>in particular for the h<span class=\"_ _92\"></span>ydropower<span class=\"_ _14\"></span>, wind power<span class=\"_ _80\"></span>, solar (PV and solar thermal) and har<span class=\"_ _92\"></span>d coal generation technologies<span class=\"_ _92\"></span>. If encouraged inves<span class=\"_ _92\"></span>tments in renewable <span class=\"_ _92\"></span>energies and energy efficiency are m<span class=\"_ _92\"></span>ade, a deduction amounting to 50 <span class=\"_ _92\"></span>% of the actual costs ma<span class=\"_ _92\"></span><span class=\"ls71 ws1fa\">y be claimed, up to a max<span class=\"_ _43\"></span>imum of \u20ac36 per MWh of </span>electr<span class=\"_ _43\"></span>icity (ba<span class=\"_ _43\"></span>sed on the supplied volume<span class=\"_ _43\"></span> underlying the market revenue). Revenue above the price cap will be taxed at 90 %. The mont<span class=\"ls75 ws56a\">hly excess r<span class=\"_ _92\"></span>evenue accrued between<span class=\"ls78 ws4a9\"> 1 December 2022 and 31 December </span></span>2023 will be taxed. The refere<span class=\"_ _92\"></span>nce value for the excess<span class=\"ls80 ws6ee\"> profit tax is the reven<span class=\"_ _92\"></span>ue that results when </span>electricity derivatives and el<span class=\"_ _92\"></span>ectric<span class=\"ls88 ws889\">ity purchase agr<span class=\"_ _92\"></span>eements are tak<span class=\"_ _92\"></span>en into account (a<span class=\"_ _92\"></span>verage mo<span class=\"_ _92\"></span>nthly </span>price).  In addition to<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he windfall profit tax in<span class=\"_ _92\"></span> Austria, VERBUND an<span class=\"_ _92\"></span>d its renewable gener<span class=\"_ _92\"></span>ation plants ar<span class=\"_ _92\"></span>e also affected by mar<span class=\"_ _92\"></span>ket interventions in Germany, Spain and Ro<span class=\"_ _92\"></span>mania<span class=\"_ _43\"></span>; above all the new la<span class=\"_ _92\"></span>w in Germany is expected to<span class=\"_ _92\"></span> result in significant win<span class=\"_ _92\"></span>dfall taxes. The wind<span class=\"_ _92\"></span>fall profit tax system<span class=\"_ _92\"></span> in G<span class=\"_ _43\"></span>ermany is based on differentia<span class=\"_ _92\"></span>ted limits depending on the gen<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ratio<span class=\"_ _92\"></span>n technology, as well as on the ty<span class=\"_ _92\"></span>pe of mark<span class=\"_ _92\"></span>eting in the case of r<span class=\"_ _92\"></span>enewable ener<span class=\"_ _0\"></span>gy plants<span class=\"_ _92\"></span>. In Germany, 90 <span class=\"_ _87\"></span>% of th<span class=\"_ _92\"></span>e excess reven<span class=\"_ _92\"></span>ues accrued between 1 <span class=\"_ _85\"></span>D<span class=\"_ _43\"></span>ecember 2022 and 30 <span class=\"_ _88\"></span>J<span class=\"_ _92\"></span>une 2023 will be subj<span class=\"ls76 ws836\">ect to the tax <span class=\"_ _88\"></span>\u2013 with <span class=\"ls46 ws7b4\">the possibility of an </span></span>extension from 30 J<span class=\"_ _92\"></span>une 2023 until 30 April 2024. The windfall tax is 100 % tax-d<span class=\"_ _92\"></span>eductible. The windfall<span class=\"ls82\"> tax is pr<span class=\"_ _92\"></span>esented in th<span class=\"ls87 ws27b\">e income statement under </span></span>other rev<span class=\"_ _92\"></span>enue-rela<span class=\"_ _92\"></span>ted expenses. VERBUND enters in<span class=\"_ _92\"></span>to medium and long-term electricity supply a<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>reemen<span class=\"_ _92\"></span>ts (Power Pur<span class=\"_ _92\"></span>chase Agreemen<span class=\"_ _92\"></span>ts, PP<span class=\"_ _14\"></span>As) for the mar<span class=\"_ _92\"></span>keting of generation<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>in the renewa<span class=\"_ _92\"></span>ble energy business<span class=\"_ _92\"></span>. A basic distinction is made her<span class=\"_ _92\"></span>e between physical PP<span class=\"_ _14\"></span>As<span class=\"ls78 ws421\"> and virtual PP<span class=\"_ _92\"></span>As. Phy<span class=\"_ _92\"></span>sical PP<span class=\"_ _14\"></span>As provide for the actual<span class=\"_ _92\"></span> deliver<span class=\"_ _43\"></span>y of </span>the output eit<span class=\"_ _92\"></span>her directly to the custom<span class=\"_ _92\"></span>er or vi<span class=\"wsa30\">a the public power grid. In<span class=\"_ _92\"></span> contrast, virtual<span class=\"_ _92\"></span> PP<span class=\"_ _92\"></span>As </span>decouple the flo<span class=\"_ _92\"></span>w of electricity from fin<span class=\"_ _92\"></span>ancial cash flows<span class=\"_ _92\"></span>. VERBUND sells the output o<span class=\"_ _92\"></span>n the spot market<span class=\"_ _92\"></span>, whereb<span class=\"_ _92\"></span>y the difference be<span class=\"_ _92\"></span>tween the individually cont<span class=\"ls33 ws76d\">r<span class=\"_ _92\"></span>acted electricity price and the r<span class=\"_ _92\"></span>espective market </span>price achieved is settled between<span class=\"_ _92\"></span> VERBUND and the customer<span class=\"_ _80\"></span>. Depending on the structur<span class=\"_ _92\"></span>e of these bilateral contracts, they are accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for either as<span class=\"lsab ws531\"> a p<span class=\"_ _43\"></span>ending contract (IAS <span class=\"_ _80\"></span>37 for <span class=\"_ _43\"></span>onerous contracts), <span class=\"_ _80\"></span> </span>as a derivative <span class=\"_ _92\"></span>(IFRS 9) or as a lease (IFRS 16).<span class=\"_ _333\"> </span>Balance sheet presentation of <span class=\"_ _92\"></span>d<span class=\"_ _43\"></span>erivativ<span class=\"_ _92\"></span>e financial instruments  Due to the <span class=\"_ _92\"></span>significant incre<span class=\"_ _92\"></span>ase <span class=\"_ _43\"></span>in prices on the electricity and g<span class=\"_ _92\"></span>as markets in the curr<span class=\"_ _92\"></span>ent and previous financial years, the resulting high measurement effects in other receivables and liabilities led to large increases in<span class=\"_ _92\"></span> these items. The p<span class=\"_ _92\"></span>resentation o<span class=\"_ _92\"></span>f derivative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments in the bal<span class=\"_ _92\"></span>ance sheet was adjusted in order to continue pr<span class=\"_ _92\"></span>oviding a true and fa<span class=\"ls82 ws801\">ir view in addition to en<span class=\"_ _92\"></span>suring comparability with </span>the financial s<span class=\"_ _92\"></span>tatements of companies in<span class=\"_ _92\"></span> the same or similar industries<span class=\"_ _92\"></span>. The measuremen<span class=\"_ _92\"></span>t gains and losses fro<span class=\"_ _92\"></span>m derivative financial instrumen<span class=\"_ _92\"></span>ts previously presen<span class=\"_ _92\"></span>ted in trade receivables<span class=\"_ _92\"></span>, other receivables and securities or trade pa<span class=\"_ _92\"></span>yables and other liabilities <span class=\"ls97 ws3f9\">ar<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> broken down in application of IAS <span class=\"_ _92\"></span>8.<span class=\"_ _43\"></span>14 <span class=\"_ _92\"></span>(<span class=\"_ _43\"></span>b) into </span>a current and non-current portion and presented separately in the<span class=\"_ _43\"></span> new items Receivables<span class=\"_ _43\"></span> from<span class=\"_ _333\"> </span> Impact of  the tax o<span class=\"_ _92\"></span>n  ex<span class=\"_ _92\"></span>cess profits Accounting treatment of  pow<span class=\"_ _92\"></span>er purchase agreements<span class=\"_ _333\"> </span>  Adjustments in accordance<span class=\"_ _92\"></span> with IAS 8.14 (b) and IAS 8.41<span class=\"_ _333\"> </span> 229<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>derivative financial instruments and Liabilities from derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nc<span class=\"ls80 ws5ab\">ial instruments. These items hav<span class=\"_ _92\"></span>e </span>so far not been br<span class=\"_ _92\"></span>oken down into curr<span class=\"_ _92\"></span>ent and non-curr<span class=\"_ _92\"></span>ent components<span class=\"_ _92\"></span>, which will be corrected in application<span class=\"_ _92\"></span> of IAS 8.41. This did not ha<span class=\"_ _92\"></span>ve any effect on earnings<span class=\"_ _92\"></span>. The changes and corr<span class=\"_ _92\"></span>ections presented were made<span class=\"_ _92\"></span> retrospectively in<span class=\"_ _92\"></span> accordance with IAS 8 by adj<span class=\"_ _92\"></span>usting all comparative in<span class=\"_ _92\"></span>formation. Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>1/1/2021  Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>1/1/2021  After adjustment Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">670.4 <span class=\"_ _11b\"> </span>52.4 <span class=\"_ _16a\"> </span>722.8 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">670.4 <span class=\"_ _a5\"> </span>\u2013<span class=\"fsa\"> </span>63.5 <span class=\"_ _127\"> </span>606.9 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>115.9 <span class=\"_ _127\"> </span>115.9 </span>Current assets <span class=\"_ _1d2\"> </span><span class=\"ls18 ws0\">620.1 <span class=\"_ _4a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">32.0 <span class=\"_ _16a\"> </span></span></span>588.1 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>144.3 <span class=\"_ _127\"> </span>144.3 </span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _123\"> </span><span class=\"ls0 ws0\">620.1 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>176.3 <span class=\"_ _127\"> </span>443.7 </span>Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">1,290.5 <span class=\"_ _50\"> </span>20.4 <span class=\"_ _132\"> </span>1,310.9</span><span class=\"ls18 ws0\"><span class=\"_ _92\"></span> </span>1/1/2021  Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>1/1/2021  After adjustment Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">399.0 <span class=\"_ _50\"> </span>57.3 <span class=\"_ _3\"> </span>456.3 </span>Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _157\"> </span>57.3 <span class=\"_ _de\"> </span>57.3 </span>Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">399.0 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>399.0 </span>Current liabilities <span class=\"_ _c5\"> </span><span class=\"ls49 ws0\">813.8 <span class=\"_ _66\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">37.0<span class=\"_ _43\"></span> <span class=\"_ _16a\"> </span><span class=\"ls18\">776.8 </span></span></span></span>Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>215.1 <span class=\"_ _127\"> </span>215.1 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _1d5\"> </span><span class=\"ls0 ws0\">813.8 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>252.0 <span class=\"_ _127\"> </span>561.8 </span>Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">1,212.8 <span class=\"_ _11b\"> </span>20.4 <span class=\"_ _132\"> </span><span class=\"ls29\">1,2<span class=\"_ _43\"></span>33.2</span></span><span class=\"ls18 ws0\"><span class=\"ls29\"> </span></span>Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _20f\"> </span><span class=\"ff2f ls1ea wsafe\">31/12/2021<span class=\"_ _43\"></span>  </span>Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>31/12/2021<span class=\"_ _43\"></span>  After adjustment Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">695.8 <span class=\"_ _a5\"> </span>729.5 <span class=\"_ _132\"> </span>1,425.<span class=\"_ _92\"></span>4 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">695.8 <span class=\"_ _f3\"> </span>204.3 <span class=\"_ _5f\"> </span>900.1 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>525.2 <span class=\"_ _127\"> </span>525.2 </span>Current assets <span class=\"_ _210\"> </span><span class=\"ls18 ws0\">3,865.7 <span class=\"_ _fd\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>559.7 <span class=\"_ _132\"> </span><span class=\"ls35\">3,306.0 </span></span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _23\"> </span>1,972.7 <span class=\"_ _aa\"> </span>1,972.7 </span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _2\"> </span><span class=\"ls0 ws0\">3,865.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>2,532.4 <span class=\"_ _59\"> </span>1,333.3 </span>Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">4,561.5 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>4,731.3<span class=\"_ _333\"> </span></span><span class=\"ls18 ws0\"> </span>230   <span class=\"_ _20f\"> </span><span class=\"ff2f ls1ea wsafe\">31/12/2021<span class=\"_ _43\"></span>  </span>Before adjustment Adjustment 31/12/2021<span class=\"_ _43\"></span>  After adjustment Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">462.1 <span class=\"_ _a5\"> </span>734.8 <span class=\"_ _132\"> </span>1,196.9<span class=\"_ _92\"></span> </span>Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _aa\"> </span>734.8 <span class=\"_ _127\"> </span>734.8 </span>Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">462.1 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>462.1 </span>Current liabilities <span class=\"_ _106\"> </span><span class=\"ls18 ws0\">4,614.<span class=\"_ _92\"></span>7 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>565.0 <span class=\"_ _132\"> </span>4,049.7 </span>Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _fd\"> </span>3,313.3 <span class=\"_ _aa\"> </span>3,313.3 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _11f\"> </span><span class=\"ls0 ws0\">4,614.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>3,878.3 <span class=\"_ _127\"> </span>736.4 </span>Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">5,076.8 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>5,246.6</span><span class=\"ls18 ws0\"><span class=\"_ _92\"></span> </span>2.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba ws962\">Discretionary judgements and ke<span class=\"_ _92\"></span>y assumptions  </span>concerning the future Prepar<span class=\"_ _92\"></span>ers of financial sta<span class=\"_ _92\"></span>tements are gr<span class=\"_ _92\"></span>anted various options in<span class=\"_ _92\"></span> connection with the applicatio<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>of IFRSs. F<span class=\"_ _92\"></span>or this r<span class=\"_ _92\"></span>eason, the mana<span class=\"_ _92\"></span>gement must m<span class=\"_ _92\"></span>ake <span class=\"ls67 ws707\">discretionary decisions as well as es<span class=\"_ _92\"></span>timates and </span>assumption<span class=\"_ _92\"></span>s regarding fut<span class=\"_ _92\"></span>ure developments tha<span class=\"_ _92\"></span>t can have a s<span class=\"_ _92\"></span>ignificant influence on<span class=\"_ _92\"></span> amounts shown in these consolidat<span class=\"_ _92\"></span>ed financial statements<span class=\"_ _92\"></span>. The amount<span class=\"_ _92\"></span><span class=\"ls78 ws18a\">s actually realised can differ from the amoun<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> </span>recognised based on the decisions an<span class=\"_ _92\"></span>d assumptions that wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> made<span class=\"_ _92\"></span>. Estimates and the underl<span class=\"_ _92\"></span>ying assumptions ar<span class=\"_ _92\"></span>e regularly reviewed and adj<span class=\"_ _92\"></span>usted if necessary<span class=\"_ _43\"></span>. The following discr<span class=\"_ _92\"></span>etionary decisions and assump<span class=\"lsc5 wsb01\">tions regarding the future have a significant </span>influence on the fin<span class=\"_ _92\"></span>ancial statements: Dis<span class=\"_ _43\"></span>cre<span class=\"_ _43\"></span>tio<span class=\"_ _43\"></span>nar<span class=\"_ _43\"></span>y d<span class=\"_ _43\"></span>eci<span class=\"_ _43\"></span>sio<span class=\"_ _43\"></span>ns<span class=\"_ _43\"></span> an<span class=\"_ _43\"></span>d as<span class=\"_ _43\"></span>sum<span class=\"_ _43\"></span>pti<span class=\"_ _43\"></span>on<span class=\"_ _43\"></span>s reg<span class=\"_ _43\"></span>ard<span class=\"_ _43\"></span>ing<span class=\"_ _43\"></span> th<span class=\"_ _43\"></span>e fu<span class=\"_ _43\"></span>tu<span class=\"_ _43\"></span>re <span class=\"_ _211\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Assessment of th<span class=\"_ _92\"></span>e terms of leases <span class=\"_ _212\"> </span><span class=\"ls1a ws1c\">Section 4.3 </span>Determination of the discount<span class=\"ls36 ws35\"> rate for impairment testing <span class=\"_ _213\"> </span>Section 4.4 </span>Determination of the e<span class=\"_ _92\"></span>xpected cash flows for impairment <span class=\"_ _92\"></span>testing of goodwill <span class=\"_ _148\"> </span><span class=\"ls1a ws1c\">Section 4.4.1 </span>Determination of the e<span class=\"_ _92\"></span>xpected cash flows for impairment <span class=\"_ _92\"></span>testing of power plan<span class=\"_ _92\"></span>ts <span class=\"_ _214\"> </span><span class=\"ls1a ws1c\">Section 4.4.2 </span>Determination of the discount rate for the m<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>asurement of pensions and <span class=\"_ _92\"></span> similar obligations as well as <span class=\"ls59 ws5a\">statutory termination benefits </span>Section 9.2 Determination of measurement par<span class=\"_ _92\"></span>ameters for other provisions <span class=\"_ _13c\"> </span><span class=\"ls1a ws1c\">Section 9.3 </span>Determination of the likelihood<span class=\"ls60 ws61\"> of contingent liabilities <span class=\"_ _c0\"> </span><span class=\"ls1a ws1c\">Section 13.1 </span></span>Evaluation of whether o<span class=\"_ _92\"></span>ther entities are co<span class=\"ls0 ws0\">ntrolled or jointly managed by VERBUND or  </span>whether VERBUND can e<span class=\"_ _92\"></span>xert a significant influence on ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her entity and/or <span class=\"_ _92\"></span> whether an entity represents a joint operation of VERBUND Section 13.4<span class=\"_ _333\"> </span> 231<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>3.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsc6 ws250\">P<span class=\"_ _14\"></span>erformance in the financial year </span>3.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls120 ws6d1\">Segment reporting</span><span class=\"ls120 ws6d1\"> </span>In accord<span class=\"_ _92\"></span>ance with S<span class=\"_ _43\"></span>ection <span class=\"_ _87\"></span>8(3) of the Austri<span class=\"_ _92\"></span>an<span class=\"ls67 ws646\"> Electricity Industry and Organisatio<span class=\"_ _92\"></span>n Act (ElWOG), </span>integra<span class=\"_ _92\"></span>ted electricity companies must publis<span class=\"_ _92\"></span>h separate balance shee<span class=\"_ _92\"></span>ts and income statements fo<span class=\"_ _92\"></span>r electricity genera<span class=\"_ _92\"></span>tion, electricity trading and supply <span class=\"ls83 ws477\">activitie<span class=\"_ _92\"></span>s, transmission ac<span class=\"ls64 ws655\">tivities and dis<span class=\"_ _92\"></span>tribution </span></span>activities. H<span class=\"_ _92\"></span>owever<span class=\"_ _14\"></span>, in accor<span class=\"_ _92\"></span>dance with IFRS 8, VE<span class=\"ls6f ws48c\">RB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s segment r<span class=\"_ _92\"></span>eporting is to be orien<span class=\"_ _92\"></span>ted towards </span>intern<span class=\"_ _92\"></span>al management and r<span class=\"_ _92\"></span>eporting (manage<span class=\"_ _92\"></span>ment approach). Ther<span class=\"_ _92\"></span>efore the defin<span class=\"_ _92\"></span>ition of the operating segments an<span class=\"_ _92\"></span>d the contents of th<span class=\"_ _92\"></span>e report corr<span class=\"_ _92\"></span>esponds to the structur<span class=\"_ _92\"></span>e of inter<span class=\"_ _92\"></span>nal reporting to<span class=\"_ _92\"></span> the Executive Board as t<span class=\"_ _92\"></span>he primar<span class=\"_ _43\"></span>y decision-maker:  Definition of operating segments Hydro <span class=\"_ _7d\"> </span><span class=\"ff2a ws853\">Hydropower generatio<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>technology </span>New renew<span class=\"_ _92\"></span>ables<span class=\"_ _43\"></span> <span class=\"_ _1b\"> </span><span class=\"ff2a ls25 ws25\">Wind and photovoltaic genera<span class=\"_ _92\"></span>tion technologies </span>Sales <span class=\"_ _19d\"> </span><span class=\"ff2a ls2d ws2a\">Trading and <span class=\"_ _43\"></span>sales activities </span>Grid <span class=\"_ _10\"> </span><span class=\"ff2a ls1f ws20\">Activities of Austrian Power Grid AG<span class=\"_ _92\"></span> (APG), Gas Connect Austria GmbH </span>(GCA) and Austri<span class=\"_ _92\"></span>an Gas Gr<span class=\"ls5e ws5f\">id Manageme<span class=\"_ _43\"></span>nt AG (AGGM) </span>All other segments <span class=\"_ _20a\"> </span><span class=\"ff2a ws0\">  </span>Thermal generati<span class=\"_ _92\"></span>on <span class=\"_ _b5\"> </span><span class=\"ff2a ls46 ws45\">Electricity and thermal generation <span class=\"ls5d ws5e\">of VERBUND Thermal Power GmbH &amp;  </span></span>Co KG from natural gas Services <span class=\"_ _4e\"> </span><span class=\"ff2a ls62 ws64\">Business activities of VERBUND Services GmbH </span>Equity interests <span class=\"_ _79\"> </span><span class=\"ff2a ls30 ws255\">Equity interest in KELAG-K\u00e4rntner Elektrizit\u00e4ts-Aktien<span class=\"_ _92\"></span>gesellschaft (KELAG) </span>Segments th<span class=\"_ _92\"></span>at do not exceed the qu<span class=\"_ _92\"></span>antitative thr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span><span class=\"lsa3 ws1dc\">sholds ar<span class=\"_ _92\"></span>e summarised in the Al<span class=\"_ _92\"></span>l other segments </span>category. The Reconcil<span class=\"_ _92\"></span>iation/consolidation column includes the ac<span class=\"_ _92\"></span>tivities of VERBUND <span class=\"_ _8a\"></span>AG and VERBUND Fin<span class=\"_ _92\"></span>anzierungsservice GmbH as well as unconsolidated equity in<span class=\"_ _92\"></span>terests that ha<span class=\"_ _92\"></span>ve not been allocated t<span class=\"_ _92\"></span>o a se<span class=\"_ _43\"></span>gment and consolida<span class=\"_ _92\"></span>tions which must be carried out at Gr<span class=\"_ _92\"></span>oup level. The follo<span class=\"_ _92\"></span>wing key performance indicato<span class=\"_ _92\"></span>rs are report<span class=\"_ _92\"></span>ed for the control an<span class=\"_ _92\"></span>d management of<span class=\"_ _92\"></span> the operatin<span class=\"_ _92\"></span>g segments: K<span class=\"_ _92\"></span>ey performance indicator<span class=\"_ _92\"></span>s \u2013 segment reporting <span class=\"_ _215\"> </span><span class=\"ff2f fs8 ls31 ws0\">  </span>EBITDA <span class=\"_ _1ac\"> </span><span class=\"ff2a ls30 ws2d\">Internal measurement of <span class=\"_ _92\"></span>the performance of each operating segm<span class=\"_ _92\"></span>ent. </span>Transactions between operating segm<span class=\"_ _92\"></span>en<span class=\"ls2d ws33\">ts are carried out at arm's length. </span>Result from interests accounted for using the equity method Assessment of th<span class=\"_ _92\"></span>e Equity interest segment Capital employed <span class=\"_ _120\"> </span><span class=\"ff2a ls106 ws35e\">Total assets less tho<span class=\"_ _92\"></span>se assets that do not (yet) co<span class=\"_ _92\"></span>ntribute to the performance </span>and commercialisation pr<span class=\"ls30 ws255\">ocesses and less non-inter<span class=\"_ _92\"></span>est-bearing debt.<span class=\"_ _333\"> </span></span><span class=\"ls30 ws255\"> </span>232 Other mat<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rial non-cash it<span class=\"_ _92\"></span>ems include measurem<span class=\"_ _92\"></span>ent effects fro<span class=\"_ _92\"></span>m energy derivatives,<span class=\"_ _92\"></span> the reversal of<span class=\"_ _92\"></span> contributions to building cost<span class=\"_ _43\"></span>s, non-cash changes in provisions and write-downs <span class=\"_ _43\"></span>of primar<span class=\"_ _43\"></span>y energy sources in in<span class=\"_ _92\"></span>ventory.  All segment da<span class=\"_ _92\"></span>ta are measur<span class=\"_ _92\"></span>ed in accordance with IFRSs.<span class=\"_ _333\"> </span><span class=\"_ _92\"></span> Operating segment data <span class=\"_ _a3\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _132\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _132\"> </span>  <span class=\"_ _1b3\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _169\"> </span><span class=\"ff2f ls33\">Hydro </span>New renew<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>bles Sales <span class=\"_ _41\"> </span><span class=\"ls1d\">Grid </span>All other segments Recon-<span class=\"_ _333\"> </span>ciliation/ consoli- dation To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> Group 2022 <span class=\"_ _1\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _26\"> </span>  <span class=\"_ _26\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _5b\"> </span>  </span>External revenue <span class=\"_ _154\"> </span><span class=\"ls0 ws0\">121.6 <span class=\"_ _6\"> </span>175.7 <span class=\"_ _184\"> </span>7,813.3 <span class=\"_ _184\"> </span>2,168.1 <span class=\"_ _15e\"> </span>62.9 <span class=\"_ _11c\"> </span>4.5 <span class=\"_ _216\"> </span>10,346.1 </span>Internal reve<span class=\"_ _92\"></span>nue <span class=\"_ _55\"> </span><span class=\"ls0 ws0\">2,702.1 <span class=\"_ _68\"> </span>62.8 <span class=\"_ _184\"> </span>1,067.1 <span class=\"_ _37\"> </span>44.7 <span class=\"_ _a9\"> </span>503.9 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>4,380.6 <span class=\"_ _1c\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal revenue <span class=\"_ _162\"> </span><span class=\"ls0 ws0\">2,823.7 <span class=\"_ _6\"> </span>238.4 <span class=\"_ _184\"> </span>8,880.5 <span class=\"_ _184\"> </span>2,212.9 <span class=\"_ _a9\"> </span>566.8 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>4,376.2 <span class=\"_ _216\"> </span>10,346.1 </span>EBITDA <span class=\"_ _79\"> </span><span class=\"ls22\">2,383.4 <span class=\"_ _8\"> </span><span class=\"ls18\">127.6 <span class=\"_ _16d\"> </span>242.4 <span class=\"_ _16d\"> </span>297.6 <span class=\"_ _b\"> </span>186.0 <span class=\"_ _5d\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>76.4 <span class=\"_ _218\"> </span>3,160.7 </span></span>Depreciation <span class=\"_ _d5\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>225.8 <span class=\"_ _8\"> </span>\u2013<span class=\"fsa\"> </span>43.8 <span class=\"_ _1e8\"> </span>\u2013<span class=\"fsa\"> </span>3.1 <span class=\"_ _187\"> </span>\u2013<span class=\"fsa\"> </span>167.1 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>19.9 <span class=\"_ _e\"> </span>\u2013<span class=\"fsa\"> </span>3.1 <span class=\"_ _16d\"> </span>\u2013<span class=\"fsa\"> </span>462.7 </span>Effects from impairment tests (operating result)<span class=\"_ _92\"></span> <span class=\"_ _119\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>10.4 <span class=\"_ _185\"> </span>\u2013<span class=\"fsa\"> </span>145.9 <span class=\"_ _11\"> </span>0.0 <span class=\"_ _a7\"> </span>\u2013<span class=\"fsa\"> </span>41.5 <span class=\"_ _94\"> </span>126.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>71.8 </span>Other material  non-cash items <span class=\"_ _1b0\"> </span><span class=\"ls0 ws0\">18.9 <span class=\"_ _23\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _17c\"> </span>109.6 <span class=\"_ _37\"> </span>15.1 <span class=\"_ _15e\"> </span>69.5 <span class=\"_ _11c\"> </span>1.5 <span class=\"_ _37\"> </span>214.6 </span>Result from  interests accounted for <span class=\"_ _92\"></span> using the equity method <span class=\"_ _4b\"> </span><span class=\"ls0 ws0\">1.1 <span class=\"_ _4a\"> </span>0.0 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>0.7 <span class=\"_ _1e8\"> </span>\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _11c\"> </span>4.3 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _1c\"> </span>4.3 </span>Effects from  impairment tests  (financial result) <span class=\"_ _18e\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _16d\"> </span>\u2013<span class=\"fsa\"> </span>46.2 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>46.5 </span>Capital employed <span class=\"_ _157\"> </span><span class=\"ls18 ws0\">6,180.5 <span class=\"_ _b\"> </span>1,356.6 <span class=\"_ _219\"> </span>1,413.4 <span class=\"_ _21a\"> </span>2,740.4 <span class=\"_ _b\"> </span>655.2 <span class=\"_ _1e\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>254.2 <span class=\"_ _21b\"> </span>12,092.0<span class=\"_ _92\"></span> </span>of which  carrying amount of  interests accounted for <span class=\"_ _92\"></span> using the equity method 22.8 <span class=\"_ _66\"> </span>1.4 <span class=\"_ _41\"> </span>15.7 <span class=\"_ _37\"> </span>31.3 <span class=\"_ _a9\"> </span>294.3 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _37\"> </span>365.5 Additions to intan<span class=\"_ _92\"></span>gible assets and proper<span class=\"_ _92\"></span>ty<span class=\"_ _14\"></span>, plant and equipment 1 <span class=\"_ _e3\"> </span>394.0 <span class=\"_ _6\"> </span>302.2 <span class=\"_ _41\"> </span>64.2 <span class=\"_ _a\"> </span>433.4 <span class=\"_ _15e\"> </span>29.8 <span class=\"_ _11c\"> </span>3.5 <span class=\"_ _c\"> </span>1,227.2 Additions to inter<span class=\"_ _92\"></span>ests accounted for using th<span class=\"_ _92\"></span>e equity method 2 <span class=\"_ _110\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _1f\"> </span>4.0 <span class=\"_ _11\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _1c\"> </span>4.0 1 excl. additio<span class=\"_ _92\"></span>ns from business acquisitions in the amount o<span class=\"_ _92\"></span>f \u20ac808.1m (previous year: \u20ac722.5m)<span class=\"_ _92\"></span> // 2 excl. addition<span class=\"_ _43\"></span>s from bus<span class=\"_ _43\"></span>iness acqu<span class=\"_ _43\"></span>isitions in<span class=\"_ _43\"></span> the amount o<span class=\"_ _43\"></span>f \u20ac0.0m (pr<span class=\"_ _43\"></span>evious year: \u20ac107.2m)<span class=\"_ _92\"></span> <div class=\"t m0 h4 ff2a fs0 fc0 sc0 lsae ws0 gs222\">233<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsb0 ws38d gs223\">Operating segment data <span class=\"_ _13a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2b\"> </span>  <span class=\"_ _21c\"> </span>  <span class=\"_ _2b\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _23\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs224\">  <span class=\"_ _7d\"> </span><span class=\"ff2f ls33\">Hydr<span class=\"_ _92\"></span>o </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls48 ws0 gs225\">New </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs226\">renew<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>bles </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls29 ws0 gs227\">Sales <span class=\"_ _41\"> </span><span class=\"ls1d\">Grid </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs228\">All other </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gs229\">segments </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws0 gs22a\">Recon-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws0 gs22b\">ciliation/ </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs22c\">consoli- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs22d\">dation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs22e\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls48 ws0 gs22f\">Group </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs230\">2021 <span class=\"_ _1c6\"> </span><span class=\"ls31\">  <span class=\"_ _3\"> </span>  <span class=\"_ _26\"> </span>  <span class=\"_ _26\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _5b\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs231\">External revenue <span class=\"_ _14b\"> </span><span class=\"ls0 ws0\">101.2 <span class=\"_ _1c\"> </span>96.0 <span class=\"_ _184\"> </span>3,316.8 <span class=\"_ _184\"> </span>1,215.4 <span class=\"_ _5\"> </span>44.1 <span class=\"_ _49\"> </span>3.1 <span class=\"_ _c\"> </span>4,776.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs232\">Internal reve<span class=\"_ _92\"></span>nue <span class=\"_ _47\"> </span><span class=\"ls0 ws0\">1,364.3 <span class=\"_ _24\"> </span>30.4 <span class=\"_ _21d\"> </span>548.7 <span class=\"_ _41\"> </span>31.5 <span class=\"_ _94\"> </span>339.3 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>2,314.1 <span class=\"_ _1c\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs233\">T<span class=\"_ _14\"></span>otal revenue <span class=\"_ _da\"> </span><span class=\"ls0 ws0\">1,465.5 <span class=\"_ _11\"> </span>126.4 <span class=\"_ _184\"> </span>3,865.5 <span class=\"_ _170\"> </span>1,246.9 <span class=\"_ _94\"> </span>383.4 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>2,311.0 <span class=\"_ _1e6\"> </span>4,776.6 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws0 gs234\">EBITDA <span class=\"_ _1eb\"> </span><span class=\"ls18\">1,106.0 <span class=\"_ _1b3\"> </span><span class=\"ls31\">53.3 <span class=\"_ _1e8\"> </span></span>59.6 <span class=\"_ _a7\"> </span><span class=\"ls31\">331.3 <span class=\"_ _191\"> </span></span>72.5 <span class=\"_ _5d\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">43.8 <span class=\"_ _1e\"> </span></span></span>1,579.<span class=\"_ _92\"></span>0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gs235\">Depreciation <span class=\"_ _110\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>217.6 <span class=\"_ _21\"> </span>\u2013<span class=\"fsa\"> </span>26.6 <span class=\"_ _1e8\"> </span>\u2013<span class=\"fsa\"> </span>2.0 <span class=\"_ _187\"> </span>\u2013<span class=\"fsa\"> </span>153.4 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>14.6 <span class=\"_ _e\"> </span>\u2013<span class=\"fsa\"> </span>3.1 <span class=\"_ _16d\"> </span>\u2013<span class=\"fsa\"> </span>417.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2fd gs236\">Effects from impairment </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws5a6 gs237\">tests (operating result)<span class=\"_ _92\"></span> <span class=\"_ _51\"> </span><span class=\"ls0 ws0\">32.2 <span class=\"_ _1c\"> </span>57.7 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _15e\"> </span>24.0 <span class=\"_ _e\"> </span>\u2013<span class=\"fsa\"> </span>8.8 <span class=\"_ _37\"> </span>105.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs238\">Other material  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs239\">non-cash items <span class=\"_ _6b\"> </span><span class=\"ls0 ws0\">35.3 <span class=\"_ _26\"> </span>0.1 <span class=\"_ _a7\"> </span>\u2013<span class=\"fsa\"> </span>31.3 <span class=\"_ _41\"> </span>11.2 <span class=\"_ _b\"> </span>\u2013<span class=\"fsa\"> </span>15.9 <span class=\"_ _11c\"> </span>1.5 <span class=\"_ _1c\"> </span>0.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs23a\">Result from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs23b\">interests accounted for <span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws5a6 gs23c\">using the equity method <span class=\"_ _5b\"> </span><span class=\"ls0 ws0\">0.3 <span class=\"_ _2c\"> </span>0.3 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>2.0 <span class=\"_ _1f\"> </span>0.2 <span class=\"_ _15e\"> </span>36.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _21\"> </span>34.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws921 gs23d\">Effects from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws25a gs23e\">impairment tests  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs23f\">(financial result) <span class=\"_ _21e\"> </span><span class=\"ls0 ws0\">16.8 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _a7\"> </span>\u2013<span class=\"fsa\"> </span>18.3 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>1.5 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs240\">Capital employed <span class=\"_ _159\"> </span><span class=\"ls18 ws0\">5,920.6 <span class=\"_ _5\"> </span>455.2 <span class=\"_ _21a\"> </span>1,609.0 <span class=\"_ _219\"> </span>2,647.8 <span class=\"_ _b\"> </span>512.6 <span class=\"_ _e\"> </span><span class=\"ls29\">31.9 <span class=\"_ _21a\"> </span></span>11,177.<span class=\"_ _92\"></span>0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs241\">of which  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs242\">carrying amount of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs243\">interests accounted for <span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws5a6 gs244\">using the equity method </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs245\">22.1 <span class=\"_ _26\"> </span>1.5 <span class=\"_ _41\"> </span>12.5 <span class=\"_ _41\"> </span>77.9 <span class=\"_ _94\"> </span>289.9 <span class=\"_ _b8\"> </span>0.0 <span class=\"_ _1e8\"> </span>404.1 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs246\">Additions to intan<span class=\"_ _92\"></span>gible </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs247\">assets and proper<span class=\"_ _92\"></span>ty<span class=\"_ _14\"></span>, plant </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs248\">and equipment <span class=\"_ _da\"> </span><span class=\"ls0 ws0\">320.5 <span class=\"_ _1f\"> </span>114.4 <span class=\"_ _37\"> </span>12.1 <span class=\"_ _21d\"> </span>405.4 <span class=\"_ _15e\"> </span>12.9 <span class=\"_ _11c\"> </span>3.1 <span class=\"_ _37\"> </span>868.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs249\">Additions to inter<span class=\"_ _92\"></span>ests </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs24a\">accounted for using th<span class=\"_ _92\"></span>e </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gs24b\">equity method <span class=\"_ _25\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _1f\"> </span>9.8 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _1c\"> </span>9.8<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls88 ws7bd gs24c\">EBITDA in<span class=\"_ _92\"></span> the total column corr<span class=\"_ _92\"></span>esponds to EBIT<span class=\"_ _92\"></span>DA in the income stat<span class=\"_ _92\"></span>ement of VERBUND. <span class=\"_ _92\"></span>Therefore<span class=\"_ _92\"></span>, </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs24d\">the recon<span class=\"_ _92\"></span>ciliation to profit befor<span class=\"_ _92\"></span>e tax can be taken fr<span class=\"_ _92\"></span>om the income statement<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws47e gs24e\">The reconc<span class=\"_ _92\"></span>iliation from the total<span class=\"_ _92\"></span> amount for capital empl<span class=\"_ _0\"></span>oyed t<span class=\"_ _92\"></span>o VERBUND\u2019<span class=\"_ _14\"></span>s total assets resul<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s as </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 wsf8 gs24f\">follows:<span class=\"_ _333\"> </span>  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls1fe wsa77 gs250\">Reconciliati<span class=\"_ _43\"></span>on from capital empl<span class=\"_ _43\"></span>oyed to total assets <span class=\"_ _f8\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _60\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs251\">  <span class=\"_ _21f\"> </span><span class=\"ff2f fc4 ls18\">2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gs252\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gs253\"> <span class=\"_ _127\"> </span><span class=\"ff2c fc0 ls18\">2022 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs254\">Capital employ<span class=\"_ _92\"></span>ed <span class=\"_ _220\"> </span><span class=\"fc4 ls0 ws0\">11,177.0 <span class=\"_ _2b\"> </span><span class=\"ff2f fc0 ls18\">12,092.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs255\">Assets not used i<span class=\"_ _92\"></span>n the performance and commercialisatio<span class=\"_ _92\"></span>n process <span class=\"_ _1b\"> </span><span class=\"fc4 ls0 ws0\">3,769.4 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">3,805.8 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs256\">Non-interest-be<span class=\"_ _92\"></span>aring debt <span class=\"_ _e9\"> </span><span class=\"fc4 ls0 ws0\">2,335.0 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">3,258.9 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs257\">T<span class=\"_ _14\"></span>otal assets of VERBUND <span class=\"_ _e1\"> </span><span class=\"fc4 ls18 ws0\">17,281.4 <span class=\"_ _1b3\"> </span><span class=\"ff2c fc0\">19,156.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs258\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gs259\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls84 ws0 gs25a\">Reconciliation </div>234 Under IFRS <span class=\"_ _87\"></span>8, entity-wide disclosures incl<span class=\"_ _92\"></span>ude geogr<span class=\"ls88 ws522\">aphical segmen<span class=\"_ _92\"></span>t reporting for r<span class=\"_ _92\"></span>evenue (based on </span>the point of deliver<span class=\"_ _43\"></span>y) and non-current assets. In addition, information on major customers<span class=\"_ _43\"></span> must be pro<span class=\"_ _92\"></span>vided. Disclosures reg<span class=\"_ _92\"></span>arding revenu<span class=\"_ _92\"></span>e are presen<span class=\"_ _92\"></span>ted in se<span class=\"_ _43\"></span>ction <span class=\"_ _87\"></span>3.2.1 Revenue. VERBUND<span class=\"_ _92\"></span> does not hav<span class=\"_ _92\"></span>e any customers for who<span class=\"_ _92\"></span>m <span class=\"_ _43\"></span>revenu<span class=\"_ _92\"></span>e equals or exceeds 10 % of total<span class=\"_ _92\"></span> revenue.  Geograp<span class=\"_ _92\"></span>hical segment rep<span class=\"_ _92\"></span>orting: non-curre<span class=\"_ _92\"></span>nt assets <span class=\"_ _20e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Intangible assets and pr<span class=\"_ _92\"></span>operty, p<span class=\"_ _92\"></span>la<span class=\"_ _43\"></span>nt and equipment <span class=\"_ _1c6\"> </span><span class=\"fc4 ls18 ws0\">11,460.8 <span class=\"_ _1b3\"> </span><span class=\"ff2c fc0\">13,121.2 </span></span>of which in Austria <span class=\"_ _222\"> </span><span class=\"fc4 ls0 ws0\">8,476.4 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">8,979.3 </span></span>of which in Germany <span class=\"_ _223\"> </span><span class=\"fc4 ls0 ws0\">2,673.0 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">2,734.3 </span></span>of which in Spain <span class=\"_ _224\"> </span><span class=\"fc4 ls0 ws0\">105.4 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">1,215.6 </span></span>of which in other EU countries <span class=\"_ _fa\"> </span><span class=\"fc4 ls0 ws0\">206.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">192.0 </span></span>Interests accounted f<span class=\"_ _92\"></span>or us<span class=\"ls0 ws1b\">ing the equity method <span class=\"_ _211\"> </span><span class=\"fc4 ls18 ws0\">404.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">365.5 </span></span></span>of which in Austria <span class=\"_ _225\"> </span><span class=\"fc4 ls0 ws0\">385.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">346.2 </span></span>of which in other countries<span class=\"_ _333\"> </span>1 <span class=\"_ _11a\"> </span><span class=\"fc4\">19.0</span> <span class=\"_ _de\"> </span>19.4 1 This includes the equity interest in (Austrian)<span class=\"_ _92\"></span> Ashta <span class=\"_ _43\"></span>Beteiligungsverwaltung GmbH, which holds the equity inte<span class=\"_ _92\"></span>rest <span class=\"_ _43\"></span>in the Alba<span class=\"ls1d1 ws9ec\">nian entity Energji Ashta Shpk. </span><span class=\"ls1d1 ws9ec\"> </span>3.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 ws309\">Notes to the income statement </span> <span class=\"fs2 ls83 ws248\">VERBUND primarily gener<span class=\"_ _92\"></span>ates revenu<span class=\"_ _92\"></span>e from contracts <span class=\"ls9a ws79d\">with cus<span class=\"_ _92\"></span>tomers from the delivery of electricity </span></span>and gas<span class=\"_ _92\"></span>, by opera<span class=\"_ _92\"></span>ting the Austrian el<span class=\"_ _92\"></span>ectricity transmission networ<span class=\"_ _92\"></span>k and the gas tran<span class=\"_ _92\"></span>smission and distribution network. The <span class=\"_ _92\"></span>accounting policies for this r<span class=\"_ _92\"></span>evenue are pr<span class=\"_ _92\"></span>esented in the tables bel<span class=\"_ _92\"></span>ow:  Reve<span class=\"_ _92\"></span>nue from contracts wi<span class=\"_ _92\"></span>th customers <span class=\"_ _226\"> </span><span class=\"ff2a fs7 ws0\">  <span class=\"_ _18c\"> </span>  </span>  <span class=\"_ _227\"> </span><span class=\"ff2f ls46 ws2b\">P<span class=\"_ _92\"></span>eriod allowed </span>for payment  Significant financing components Market participan<span class=\"_ _92\"></span>ts from energy exchanges, traders and electric utiliti<span class=\"_ _92\"></span>es <span class=\"_ _14b\"> </span><span class=\"ls1d ws1e\">20 days <span class=\"_ _f1\"> </span><span class=\"ls2f ws0\">No </span></span>Industrial customers  <span class=\"_ _e2\"> </span><span class=\"ls0 ws0\">14\u2013<span class=\"fsa\"> </span><span class=\"ls1d ws1e\">60 days <span class=\"_ _154\"> </span></span><span class=\"ls2f\">No </span></span>Commercial customers <span class=\"_ _228\"> </span><span class=\"ls1d ws1e\">14 days <span class=\"_ _154\"> </span><span class=\"ls2f ws0\">No </span></span>Household customers  <span class=\"_ _229\"> </span><span class=\"ls1d ws1e\">14 days <span class=\"_ _154\"> </span><span class=\"ls2f ws0\">No </span></span>Rev<span class=\"_ _92\"></span>enue from operating the Austrian ga<span class=\"_ _92\"></span>s transmission and  distribution network <span class=\"_ _1f8\"> </span><span class=\"ls1d ws1e\">15 days <span class=\"_ _154\"> </span><span class=\"ls2f ws0\">No </span></span>Revenue from operating <span class=\"_ _92\"></span>the Austrian electricity transmission netw<span class=\"_ _92\"></span>ork <span class=\"_ _20a\"> </span><span class=\"ls1d ws1e\">14 days <span class=\"_ _f1\"> </span><span class=\"ls2f ws0\">No<span class=\"_ _333\"> </span></span></span><span class=\"ls1d ws1e\"><span class=\"ls2f ws0\"> </span></span>Entity<span class=\"_ _92\"></span>-wide disclosures 3.2.1<span class=\"_ _333\"> </span>Rev<span class=\"_ _92\"></span>enue<span class=\"_ _333\"> </span>  235<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Measurement of contracts w<span class=\"_ _43\"></span>ith customers in acco<span class=\"_ _43\"></span>rdance with IFRS 15  Ty<span class=\"_ _63\"></span>p<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span> o<span class=\"_ _63\"></span>f<span class=\"_ _81\"></span> contract Contracts with customers  for the delivery of  electricity and gas Contracts with customers  as a result of operating  the Austrian electricity transmission network Contracts with customers  as a result of operating  the Austrian gas transmission and distribution network P<span class=\"_ _92\"></span>erformance/ counter<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>performance As a rule, the consideratio<span class=\"_ _92\"></span>n received for the contracts of the delivery of electricity and gas comprises a capacity price and an energy pri<span class=\"_ _92\"></span>ce. The capacity price is independent of volume, whereas th<span class=\"_ _92\"></span>e energy price depends on the volume of electricity and gas purchased. The services include mainly system, control power and balancing energy as w<span class=\"_ _92\"></span>ell as congestion managem<span class=\"_ _92\"></span>ent and redispatch services. The consideration received for these services depend<span class=\"_ _92\"></span>s largely on the electricity consumed by the customers and/o<span class=\"_ _92\"></span>r the costs incurred by VERBUND for each of these services. The services include the marketing and provision of transportation capacities at the border crossing points, i.e. entry and exit capacities, of transportation capacities for natural gas needed in Aus<span class=\"_ _92\"></span>tria as well as dispatching an<span class=\"_ _92\"></span>d other services. Revenue recognition Revenue is recognised as soon as the control over the <span class=\"_ _92\"></span>goods and/or services is trans<span class=\"_ _92\"></span>ferred to the customers. Contro<span class=\"_ _92\"></span>l is transferred over th<span class=\"_ _92\"></span>e period in which the service is rendered. Revenue is realised in the amount in which VERBUND has fulfilled its obligations with respect to the delivery of electricity and gas (i.e. t<span class=\"_ _92\"></span>he customer could purchase electricity and/or gas at any given time and/or has done so) and a right to invoice the service already rendered has been established.<span class=\"_ _92\"></span> Revenue is realised in the amount in which VERBUND has a right to invoice the services already rendered. Control is transferred over <span class=\"_ _92\"></span>the period in which the service is rendered. Revenue is realised in the amount in which VERBUND has a right to invoice the services already rendered. Control is transferred over <span class=\"_ _92\"></span>the period in which the service is rendered. Special circumstances With some contracts to deliver electricity and gas,<span class=\"_ _92\"></span> the customers are also billed for grid costs. Since VERBUND does not have any control over the grid services prior to the transfer to the cus<span class=\"_ _92\"></span>tomers. VERBUND should be regarded as an agent with respect to these services. Therefor<span class=\"_ _92\"></span>e, no revenue is recognised fo<span class=\"_ _92\"></span>r the grid services. none <span class=\"_ _1e4\"> </span>none 236 Revenue b<span class=\"_ _92\"></span>y segment <span class=\"_ _22a\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1db\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _94\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _37\"> </span></span>2021 <span class=\"_ _94\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _37\"> </span></span>2021 <span class=\"_ _182\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2a\"> </span><span class=\"ff2f fc4 ls5d\">Domestic <span class=\"_ _22b\"> </span><span class=\"fc0\">Domestic <span class=\"_ _16\"> </span></span><span class=\"ls2b\">Foreign <span class=\"_ _17f\"> </span><span class=\"fc0\">Foreign <span class=\"_ _147\"> </span></span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _179\"> </span><span class=\"fc0\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span></span></span></span>Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _120\"> </span><span class=\"fc4 ls0 ws0\">56.3 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">55.4 <span class=\"_ _179\"> </span></span>35.4 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls31\">5<span class=\"_ _43\"></span>3.3 <span class=\"_ _15e\"> </span></span>91.8 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">108.7 </span></span>Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _1d8\"> </span><span class=\"fc4 ls0 ws0\">0.4 <span class=\"_ _49\"> </span><span class=\"ff2f fc0 ls18\">0.4 <span class=\"_ _49\"> </span></span>2.9 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">5.4 <span class=\"_ _49\"> </span></span>3.2 <span class=\"_ _1b3\"> </span><span class=\"ff2f fc0 ls18\">5.8 </span></span>Electricity rev<span class=\"_ _92\"></span>enue \u2013  Hydro segment 56.7 <span class=\"_ _147\"> </span><span class=\"ff2c fc0\">55.8<span class=\"_ _92\"></span> <span class=\"_ _191\"> </span><span class=\"ff2f fc4 ls31\">38.3 <span class=\"_ _147\"> </span></span>58.7 <span class=\"_ _e\"> </span><span class=\"ff2f fc4\">95.0 <span class=\"_ _5d\"> </span></span>11<span class=\"_ _92\"></span>4.5 </span>Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _17b\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _1cd\"> </span></span>0.0 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">19.5 <span class=\"_ _49\"> </span></span>0.0 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">19.5 </span></span>Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _17b\"> </span><span class=\"fc4 ls0 ws0\">11.3 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _179\"> </span></span>29.1 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">72.1 <span class=\"_ _15e\"> </span></span>40.4 <span class=\"_ _15e\"> </span><span class=\"ff2f fc0 ls18\">72.1 </span></span>Electricity revenu<span class=\"_ _92\"></span>e consumers <span class=\"_ _138\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _15e\"> </span></span>38.5 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">61.6 <span class=\"_ _179\"> </span></span>38.5 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">61.6 </span></span>Electricity rev<span class=\"_ _92\"></span>enues \u2013  New Renew<span class=\"_ _92\"></span>ables s<span class=\"_ _43\"></span>egment  <span class=\"_ _110\"> </span><span class=\"fc4 ls18 ws0\">11.3 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _e\"> </span></span>67.6 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">153.2 <span class=\"_ _e\"> </span></span>78.9 <span class=\"_ _5d\"> </span><span class=\"ff2c fc0\">15<span class=\"_ _92\"></span>3.2 </span></span>Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _110\"> </span><span class=\"fc4 ls0 ws0\">801.1 <span class=\"_ _17f\"> </span><span class=\"ff2f fc0 ls18\">2,216.4 <span class=\"_ _94\"> </span></span>527.3 <span class=\"_ _16\"> </span><span class=\"ff2f fc0 ls18\">1,062.1 <span class=\"_ _a8\"> </span></span>1,328.5 <span class=\"_ _a8\"> </span><span class=\"ff2f fc0 ls18\">3,278.6 </span></span>Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _120\"> </span><span class=\"fc4 ls0 ws0\">740.1 <span class=\"_ _16\"> </span><span class=\"ff2f fc0 ls18\">1,377.9 <span class=\"_ _94\"> </span></span>143.0 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">810.6 <span class=\"_ _94\"> </span></span>883.0 <span class=\"_ _218\"> </span><span class=\"ff2f fc0 ls18\">2,188.6 </span></span>Electricity revenu<span class=\"_ _92\"></span>e consumers <span class=\"_ _d9\"> </span><span class=\"fc4 ls0 ws0\">560.0 <span class=\"_ _16\"> </span><span class=\"ff2f fc0 ls18\">1,12<span class=\"_ _92\"></span>7.0 <span class=\"_ _a9\"> </span><span class=\"ff2a fc4 ls0\">425.5 <span class=\"_ _16\"> </span></span>1,049.<span class=\"_ _92\"></span>1 <span class=\"_ _a9\"> </span><span class=\"ff2a fc4 ls0\">985.5 <span class=\"_ _a8\"> </span></span>2,176.1 </span></span>Electricity rev<span class=\"_ _92\"></span>enue \u2013 Sales segment <span class=\"_ _21\"> </span><span class=\"fc4 ls18 ws0\">2,101.2<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">4,721.4 <span class=\"_ _17f\"> </span></span>1,095.8 <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">2,92<span class=\"_ _92\"></span>1.9 <span class=\"_ _16\"> </span><span class=\"ff2f fc4\">3,197.<span class=\"_ _92\"></span>0 <span class=\"_ _170\"> </span><span class=\"ff2c fc0\">7,643.3 </span></span></span></span>Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _110\"> </span><span class=\"fc4 ls0 ws0\">115.2 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">150.7 <span class=\"_ _94\"> </span></span>331.5 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">632.5 <span class=\"_ _94\"> </span></span>446.7 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls49\">783.2 </span></span>Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _1d8\"> </span><span class=\"fc4 ls0 ws0\">7.7 <span class=\"_ _179\"> </span><span class=\"ff2f fc0 ls18\">50.0 <span class=\"_ _49\"> </span></span>7.9 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls31\">3.3 <span class=\"_ _15e\"> </span></span>15.6 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls31\">53.3 </span></span>Electricity rev<span class=\"_ _92\"></span>enue \u2013 Grid segment <span class=\"_ _4a\"> </span><span class=\"fc4 ls18 ws0\">122.9 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">200.7 <span class=\"_ _1e5\"> </span></span><span class=\"ls31\">339<span class=\"_ _43\"></span>.4 <span class=\"_ _17c\"> </span></span><span class=\"ff2c fc0\">635.8 <span class=\"_ _1e5\"> </span></span>462.3 <span class=\"_ _5d\"> </span><span class=\"ff2c fc0\">836.<span class=\"_ _92\"></span>4 </span></span>Electricity rev<span class=\"_ _92\"></span>enue \u2013  All other segments <span class=\"_ _1a6\"> </span><span class=\"fc4 ls18 ws0\">0.0 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _1cd\"> </span></span>0.0 <span class=\"_ _7\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span></span>0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2c fc0\">0.0 </span></span>Electricity rev<span class=\"_ _92\"></span>enue \u2013 reconciliation <span class=\"_ _45\"> </span><span class=\"fc4 ls18 ws0\">0.0 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span></span>0.0 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span></span>0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2c fc0\">0.0 </span></span>T<span class=\"_ _14\"></span>otal electricity sales rev<span class=\"_ _92\"></span>enue <span class=\"_ _9c\"> </span><span class=\"fc4 ls18 ws0\">2,292.<span class=\"_ _92\"></span>2 <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">4,977.8 <span class=\"_ _17f\"> </span></span>1,541.1 <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">3,76<span class=\"_ _92\"></span>9.6 <span class=\"_ _16\"> </span><span class=\"ff2f fc4 ls31\">3,833.3 <span class=\"_ _170\"> </span></span>8,747.4<span class=\"_ _92\"></span> </span></span>Grid revenue el<span class=\"_ _92\"></span>ectric utilities <span class=\"_ _96\"> </span><span class=\"fc4 ls0 ws0\">442.0 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">598.9 <span class=\"_ _49\"> </span></span>8.3 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls29\">39.4 <span class=\"_ _a9\"> </span></span>450.3 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">638.3 </span></span>Grid revenue indu<span class=\"_ _92\"></span>strial customers <span class=\"_ _16e\"> </span><span class=\"fc4 ls0 ws0\">7.1 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">9.7 <span class=\"_ _49\"> </span></span>0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _11c\"> </span></span>7.1 <span class=\"_ _b8\"> </span><span class=\"ff2f fc0 ls18\">9.7 </span></span>Grid revenue oth<span class=\"_ _92\"></span>er <span class=\"_ _3d\"> </span><span class=\"fc4 ls0 ws0\">105.8 <span class=\"_ _134\"> </span><span class=\"ff2f fc0 ls18\">288.1 <span class=\"_ _94\"> </span></span>171.8 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls31\">373.1<span class=\"_ _43\"></span> <span class=\"_ _94\"> </span></span>277.6 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">661.2 </span></span>T<span class=\"_ _14\"></span>otal grid revenue \u2013 Grid segment <span class=\"_ _aa\"> </span><span class=\"fc4 ls18 ws0\">554.9 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">896.7 <span class=\"_ _b\"> </span></span>180.1 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">412.5 <span class=\"_ _1e5\"> </span></span>735.0 <span class=\"_ _170\"> </span><span class=\"ff2c fc0\">1,309.3 </span></span>Other reve<span class=\"_ _92\"></span>nue \u2013 <span class=\"_ _43\"></span>Hydro segment <span class=\"_ _da\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _117\"> </span></span>  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _1cd\"> </span></span><span class=\"ls18\">6.2 <span class=\"_ _39\"> </span><span class=\"ff2c fc0\">7.0 </span></span></span>Other reve<span class=\"_ _92\"></span>nues \u2013 <span class=\"_ _43\"></span> New Renew<span class=\"_ _92\"></span>ables s<span class=\"_ _43\"></span>egment <span class=\"_ _e7\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _117\"> </span></span>  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _191\"> </span></span><span class=\"ls18\">17.1 <span class=\"_ _4d\"> </span><span class=\"ff2c fc0\">22.5 </span></span></span>Other rev<span class=\"_ _92\"></span>enue \u2013 <span class=\"_ _43\"></span>Sales segment <span class=\"_ _22c\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _f3\"> </span></span>  <span class=\"_ _117\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _b\"> </span></span><span class=\"ls18\">119.7 <span class=\"_ _1e2\"> </span><span class=\"ff2c fc0\">170.0 </span></span></span>Other reve<span class=\"_ _0\"></span>nue \u2013 Grid segment <span class=\"_ _10c\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _117\"> </span></span>  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _e\"> </span></span><span class=\"ls18\">18.1 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">22.5 </span></span></span>Other reve<span class=\"_ _92\"></span>nue \u2013 <span class=\"_ _43\"></span>All other segments <span class=\"_ _12e\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _179\"> </span><span class=\"fc4 ls18\">44.1 <span class=\"_ _4d\"> </span><span class=\"ff2c fc0\">62.9 </span></span></span>Other rev<span class=\"_ _0\"></span>enue \u2013 reconciliation <span class=\"_ _120\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _49\"> </span><span class=\"fc4\">3.1 <span class=\"_ _1cd\"> </span></span><span class=\"ff2c ls18\">4.5 </span></span>T<span class=\"_ _14\"></span>otal of other revenue <span class=\"_ _1ae\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _f3\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _134\"> </span><span class=\"fc4 ls18\">208.4 <span class=\"_ _22d\"> </span><span class=\"ff2c fc0\">289.4 </span></span></span>T<span class=\"_ _14\"></span>otal revenue <span class=\"_ _13c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _16\"> </span><span class=\"fc4 ls18\">4,776.6 <span class=\"_ _175\"> </span><span class=\"ff2c fc0\">10,346.1<span class=\"_ _92\"></span> </span></span></span>In the 2022 re<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>orting period, \u20ac4.9m (previous year<span class=\"_ _43\"></span>:<span class=\"ls7d ws4cc\"> \u20ac4.4m) in measuremen<span class=\"_ _92\"></span>ts and realisations of </span>derivative finan<span class=\"_ _92\"></span>cial instruments in the trading ar<span class=\"_ _92\"></span>ea was recognised as r<span class=\"_ _92\"></span>evenue. T<span class=\"_ _14\"></span>o presen<span class=\"_ _92\"></span>t business performance mo<span class=\"_ _92\"></span>re accurately, <span class=\"_ _92\"></span>revenue from<span class=\"_ _92\"></span> energy trading is sho<span class=\"_ _92\"></span>wn as a net amount, i.e<span class=\"_ _92\"></span>. amounts realised and measur<span class=\"_ _92\"></span>ed ar<span class=\"ls64 ws886\">e each presented net of <span class=\"_ _92\"></span>expenses. As<span class=\"ls78 ws314\"> a result, \u20ac4,607.9m (pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: <span class=\"_ _88\"></span> </span></span>\u20ac<span class=\"ff2f\">\u2013</span> <span class=\"ff28 fs2 ls64 ws2f6\">1,718.6m) in expenses was pr<span class=\"_ _92\"></span>esented as a net amou<span class=\"ls63 ws3da\">nt in electricity reven<span class=\"_ _92\"></span>ue and \u20ac343.1m (previous </span></span>year<span class=\"_ _43\"></span>: \u20ac663.4m) in other reven<span class=\"_ _92\"></span>ue.<span class=\"_ _333\"> </span> 237<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Other re<span class=\"_ _92\"></span>venue <span class=\"_ _22e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Sale of gas <span class=\"_ _204\"> </span><span class=\"fc4 ls0 ws0\">75.0 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">119.8 </span></span>District heat<span class=\"ls0 ws0\">ing deliveries <span class=\"_ _22f\"> </span><span class=\"fc4\">39.7 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">59.8 </span></span>Sale of proof of origin and <span class=\"ls1a ws256\">green electricity certificates <span class=\"_ _ab\"> </span><span class=\"fc4 ls0 ws0\">39.8 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">47.0 </span></span></span>Consulting or planning services as w<span class=\"_ _92\"></span>ell as other services <span class=\"_ _230\"> </span><span class=\"fc4 ls0 ws0\">20.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">32.0 </span></span>Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">33.9 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls29\">30.9 </span>Other reve<span class=\"_ _92\"></span>nue<span class=\"_ _43\"></span> <span class=\"_ _1dc\"> </span><span class=\"fc4 ls18 ws0\">208.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">289.<span class=\"_ _92\"></span>4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span>Other operating inco<span class=\"_ _43\"></span>me <span class=\"_ _232\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Changes in invento<span class=\"_ _92\"></span>ry and own work capitalised <span class=\"_ _13\"> </span><span class=\"fc4 ls0 ws0\">54.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">57.5 </span></span>Government grants<span class=\"_ _333\"> </span>1 <span class=\"_ _233\"> </span><span class=\"fc4\">0.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">21.4 </span>V<span class=\"_ _92\"></span>arious goods and services <span class=\"_ _ed\"> </span><span class=\"fc4 ls0 ws0\">10.8 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">11.4 </span></span>Income from (insurance) compensation <span class=\"_ _98\"> </span><span class=\"fc4 ls0 ws0\">20.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span>Disposal of property<span class=\"_ _80\"></span>, plant and equipment and intangi<span class=\"_ _92\"></span>ble assets <span class=\"_ _234\"> </span><span class=\"fc4 ls0 ws0\">2.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.1<span class=\"_ _43\"></span> </span></span>Rent and lease income <span class=\"_ _220\"> </span><span class=\"fc4 ls0 ws0\">2.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.1 </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">6.9 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">9.6 </span>Other operating income <span class=\"_ _1ba\"> </span><span class=\"fc4 ls18 ws0\">97.4<span class=\"_ _92\"></span> <span class=\"_ _157\"> </span><span class=\"ff2c fc0\">113.1 </span></span>1 relates to VERBUND Wi<span class=\"_ _92\"></span>nd Power Romania S.R.L Expenses for electricity<span class=\"_ _92\"></span>, grid, <span class=\"ls7f wsafb\">gas and certificates purchases <span class=\"_ _181\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Expenses for electricity purchases <span class=\"_ _13b\"> </span><span class=\"fc4 ls0 ws0\">2,463.7 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">6,503.0 </span></span>Expenses for gas purchases <span class=\"_ _1df\"> </span><span class=\"fc4 ls0 ws0\">83.2 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">225.6 </span></span>Expenses for grid purchases (system use) <span class=\"_ _107\"> </span><span class=\"fc4 ls0 ws0\">54.8 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">58.9 </span></span>Expenses for proof of origin and green electricity certi<span class=\"_ _92\"></span>ficate purchases <span class=\"_ _236\"> </span><span class=\"fc4 ls0 ws0\">1.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">9.6 </span></span>Purchase of emission rights <span class=\"_ _92\"></span>(trade) <span class=\"_ _fa\"> </span><span class=\"fc4 ls0 ws0\">9.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">5.3 </span></span>Expenses for electricity<span class=\"_ _92\"></span>, grid, <span class=\"ls2c wsa8a\">gas and certificates purchases <span class=\"_ _189\"> </span><span class=\"fc4 ls18 ws0\">2,612.6<span class=\"_ _92\"></span> <span class=\"_ _2c\"> </span><span class=\"ff2c fc0\">6,802.4<span class=\"_ _333\"> </span></span></span></span><span class=\"ls2c wsa8a\"><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span></span>Fuel expenses and other usage-/re<span class=\"_ _92\"></span>venue-dependent expenses <span class=\"_ _1d5\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Use of natural gas <span class=\"_ _237\"> </span><span class=\"fc4 ls0 ws0\">192.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">405.1 </span></span>Emission rights acquired in ex<span class=\"_ _92\"></span>change for consideration <span class=\"_ _1a4\"> </span><span class=\"fc4 ls0 ws0\">23.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">35.7 </span></span>Other reven<span class=\"_ _92\"></span>ue-dependent expen<span class=\"_ _92\"></span>ses <span class=\"_ _e4\"> </span><span class=\"fc4 ls0 ws0\">24.8 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">34.8 </span></span>Windfall tax e<span class=\"_ _92\"></span>xpenses <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.5 </span></span>Other usage-depe<span class=\"_ _92\"></span>ndent expenses <span class=\"_ _239\"> </span><span class=\"fc4 ls0 ws0\">8.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.1 </span></span>Fuel expenses and other usage-<span class=\"lscc ws1d\">/rev<span class=\"_ _92\"></span>enue-dependent<span class=\"_ _43\"></span> expenses <span class=\"_ _189\"> </span><span class=\"fc4 ls18 ws0\">250.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">522.1<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc ws1d\"><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span></span>3.2.2  Ot<span class=\"_ _43\"></span>he<span class=\"_ _43\"></span>r re<span class=\"_ _43\"></span>ven<span class=\"_ _43\"></span>ue 3.2.3  Other oper<span class=\"_ _92\"></span>ating income 3.2.4  Expenses for electricity<span class=\"_ _14\"></span>, grid,  gas and certificates<span class=\"_ _92\"></span> purchases 3.2.5  Fuel expens<span class=\"_ _92\"></span>es and other usage-/ re<span class=\"_ _92\"></span>venue-depe<span class=\"_ _92\"></span>ndent expen<span class=\"_ _43\"></span>ses 238 P<span class=\"_ _14\"></span>ersonnel expenses <span class=\"_ _23a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>W<span class=\"_ _92\"></span>ages and salaries <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">290.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">325.1 </span></span>Expenses for social security contributi<span class=\"ls2d ws33\">ons as r<span class=\"_ _92\"></span>equired by law as well as </span>income-based charges and <span class=\"ls59 ws5a\">compul<span class=\"_ _92\"></span>sory contributions <span class=\"_ _3e\"> </span><span class=\"fc4 ls0 ws0\">65.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">73.5 </span></span></span>Other social expenses <span class=\"_ _23b\"> </span><span class=\"fc4\">5.2 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">6.8 </span>Subtotal <span class=\"_ _23c\"> </span><span class=\"fc4 ls18\">360.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">405.3 </span></span>Expenses for pensions an<span class=\"ls5d ws5e\">d similar obligations <span class=\"_ _1bc\"> </span><span class=\"fc4 ls0 ws0\">18.7 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">17.8 </span></span></span>Expenses for termination benefits <span class=\"_ _19b\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">5.3 </span></span>P<span class=\"_ _92\"></span>ersonnel expenses <span class=\"_ _23d\"> </span><span class=\"fc4 ls31 ws0\">383.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls18\">428.5 </span></span>The pension fund contributions<span class=\"_ _43\"></span> to the defined contribution invest<span class=\"_ _43\"></span>ment and risk association<span class=\"_ _43\"></span> amounted to \u20ac8.1m (previous year: \u20ac7.6m) in th<span class=\"ls75 ws867\">e 2022 reporting period. Ex<span class=\"ls78 wsa42\">penses for termination </span></span>benefits included a tota<span class=\"_ _43\"></span>l of \u20ac3.2m (previous year<span class=\"_ _43\"></span>: \u20ac2.7m)<span class=\"_ _43\"></span> in contributions to an employee pens<span class=\"_ _43\"></span>ion fund.<span class=\"_ _333\"> </span> Other operatin<span class=\"_ _92\"></span>g expenses <span class=\"_ _d1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>T<span class=\"_ _92\"></span>hird-party maintenance of pow<span class=\"_ _92\"></span>er plants and line systems <span class=\"_ _6d\"> </span><span class=\"fc4 ls0 ws0\">104.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">111.2 </span></span>Other third-party <span class=\"ls46 ws2fb\">services received <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">45.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">71.9 </span></span></span>IT expenses <span class=\"_ _23e\"> </span><span class=\"fc4 ls0 ws0\">34.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">46.0 </span></span>Advertising e<span class=\"_ _92\"></span>xpenses and donations <span class=\"_ _6f\"> </span><span class=\"fc4 ls0 ws0\">16.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">39.2 </span></span>Legal, consulting and audit e<span class=\"_ _92\"></span>xpenses <span class=\"_ _23f\"> </span><span class=\"fc4 ls0 ws0\">19.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.7 </span></span>Expenses for supervis<span class=\"ls20 ws21\">ion by E-Control <span class=\"_ _1c1\"> </span><span class=\"fc4 ls0 ws0\">14.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">16.0 </span></span></span>Costs for personnel provided<span class=\"_ _92\"></span> <span class=\"_ _240\"> </span><span class=\"fc4 ls0 ws0\">14.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.9 </span></span>T<span class=\"_ _14\"></span>ravel e<span class=\"_ _92\"></span>xpenses, advanced training <span class=\"_ _241\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">11.3 </span></span>Compensation pa<span class=\"_ _92\"></span>yments <span class=\"_ _242\"> </span><span class=\"fc4 ls0 ws0\">10.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">11.3 </span></span>Material costs for <span class=\"ls36 ws35\">motor vehicle operation and main<span class=\"_ _92\"></span>tenance <span class=\"_ _1a1\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span></span>Operating costs <span class=\"_ _164\"> </span><span class=\"fc4 ls0 ws0\">5.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.7 </span></span>Insurance <span class=\"_ _243\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">6.2 </span>Fees<span class=\"_ _92\"></span> <span class=\"_ _1f6\"> </span><span class=\"fc4 ls0\">7.6 <span class=\"_ _47\"> </span></span><span class=\"ff2f\">4.6 </span>Purchased telecommunication services <span class=\"_ _cc\"> </span><span class=\"fc4 ls0 ws0\">4.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">4.1 </span></span>Usage fees <span class=\"_ _244\"> </span><span class=\"fc4 ls0 ws0\">3.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.5<span class=\"_ _43\"></span> </span></span>Membership fees <span class=\"_ _129\"> </span><span class=\"fc4 ls0 ws0\">3.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.3<span class=\"_ _43\"></span> </span></span>Concession fees <span class=\"_ _15c\"> </span><span class=\"fc4 ls0 ws0\">2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.7 </span></span>Expenses from the dispo<span class=\"_ _92\"></span>sal of property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t and  intangible assets <span class=\"_ _245\"> </span><span class=\"fc4 ls0 ws0\">1.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">2.7 </span></span>Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">12.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">12.1 </span>Other operating expenses <span class=\"_ _1df\"> </span><span class=\"fc4 ls31 ws0\">31<span class=\"_ _43\"></span>8.3 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls18\">403.5</span></span><span class=\"fc4 ls31 ws0\"><span class=\"ff2c fc0 ls18\"> </span></span>3.2.6  P<span class=\"_ _14\"></span>ersonnel e<span class=\"_ _92\"></span>xpenses  3.2.7  Other oper<span class=\"_ _92\"></span>ating expen<span class=\"_ _43\"></span>ses<span class=\"_ _333\"> </span> 239<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Measurement and realisatio<span class=\"_ _92\"></span><span class=\"ls151 wsb0c\">n<span class=\"_ _43\"></span> of en<span class=\"_ _43\"></span>ergy d<span class=\"_ _43\"></span>eriva<span class=\"_ _43\"></span>tive<span class=\"_ _43\"></span>s <span class=\"_ _115\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Realisation of futures <span class=\"_ _212\"> </span><span class=\"fc4 ls18 ws0\">1,041.7 <span class=\"_ _3c\"> </span><span class=\"ff2c fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">18.3 </span></span></span>of which negative <span class=\"_ _246\"> </span><span class=\"fc4 ls0 ws0\">2,129.7 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">4,039.4 </span></span>of which positive <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,088.0 <span class=\"_ _68\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4,057.7 </span></span></span>Measurements <span class=\"_ _247\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">772.0 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">876.3 </span></span></span>of which negative <span class=\"_ _246\"> </span><span class=\"fc4 ls0 ws0\">3,030.7 <span class=\"_ _aa\"> </span><span class=\"fc0\">6,998.5 </span></span>of which positive <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3,802.7 <span class=\"_ _10d\"> </span><span class=\"fc0\">\u2013<span class=\"fsa\"> </span>6,122.2 </span></span>Measurement and realisation of energy derivativ<span class=\"_ _92\"></span>es <span class=\"_ _36\"> </span><span class=\"fc4 ls18 ws0\">269.<span class=\"_ _92\"></span>7 <span class=\"_ _50\"> </span><span class=\"ff37 fc0 ls33\">858.0<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff37 fc0 ls33\"> </span></span>Depreciatio<span class=\"_ _92\"></span>n and amortisation <span class=\"_ _15c\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Depreciation of pro<span class=\"_ _92\"></span>perty<span class=\"_ _14\"></span>, plant and equipment <span class=\"_ _ce\"> </span><span class=\"fc4 ls0 ws0\">375.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">436.2 </span></span>Amortisation of intangible <span class=\"_ _92\"></span>assets <span class=\"_ _248\"> </span><span class=\"fc4 ls0 ws0\">12.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">16.8 </span></span>Depreciation of right<span class=\"_ _92\"></span>-of-use assets <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">29.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">9.7 </span></span>Depreciation and amortisation <span class=\"_ _239\"> </span><span class=\"fc4 ls18 ws0\">41<span class=\"_ _92\"></span>7.3 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">462.7<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span>Impairment losses and r<span class=\"_ _92\"></span>eversals <span class=\"_ _92\"></span>of impairment losses <span class=\"_ _168\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Mellach combined cycle gas turbine po<span class=\"_ _92\"></span>wer plant<span class=\"_ _333\"> </span>1 <span class=\"_ _10b\"> </span><span class=\"fc4\">25.2 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">129.6 </span>Deferred grants fo<span class=\"_ _92\"></span>r the Mellach combined cycle gas turbine po<span class=\"_ _92\"></span>wer plant<span class=\"_ _333\"> </span>1 <span class=\"_ _b5\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>0.7 <span class=\"_ _9c\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.6 </span></span>Gratkorn po<span class=\"_ _92\"></span>wer plant on the Mur Ri<span class=\"_ _92\"></span>ver<span class=\"_ _333\"> </span>1 <span class=\"_ _48\"> </span><span class=\"fc4\">0.0 <span class=\"_ _53\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">11.2 </span></span>Accrued construction cost<span class=\"ls27 ws27\"> contributions for th<span class=\"_ _92\"></span>e  </span>Gratkorn po<span class=\"_ _92\"></span>wer plant on the Mur Ri<span class=\"_ _92\"></span>ver<span class=\"_ _333\"> </span>1 <span class=\"_ _48\"> </span><span class=\"fc4\">0.0 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">0.7 </span>Goodwill of Gas Connect Austria<span class=\"_ _333\"> </span>2 <span class=\"_ _241\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>8.8 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">39.3 </span></span>Gas Connect Austria <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">2.2 </span></span></span>Goodwill Spanish renewables portfolio<span class=\"_ _333\"> </span>2 <span class=\"_ _cc\"> </span><span class=\"fc4\">0.0 <span class=\"_ _53\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">94.2 </span></span>Cash-generating units in the Spani<span class=\"_ _92\"></span>sh renewables portfolio<span class=\"_ _333\"> </span>1 <span class=\"_ _149\"> </span><span class=\"fc4\">0.0 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> <span class=\"_ _92\"></span><span class=\"fs8 ls18\">51.7 </span></span></span>Romanian wind farms <span class=\"_ _249\"> </span><span class=\"fc4 ls0 ws0\">58.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Malta and Reisseck storag<span class=\"_ _92\"></span>e group <span class=\"_ _1d2\"> </span><span class=\"fc4 ls0 ws0\">11.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Zemm-Ziller storage <span class=\"_ _92\"></span>group <span class=\"_ _212\"> </span><span class=\"fc4 ls0 ws0\">9.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Gries run-of-river po<span class=\"_ _92\"></span>wer plant <span class=\"_ _10a\"> </span><span class=\"fc4 ls0 ws0\">6.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Deferred contributions to building c<span class=\"_ _92\"></span>ost<span class=\"ls34 ws32\">s for the Gries run-of-river pow<span class=\"_ _92\"></span>er plant <span class=\"_ _18d\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></span>Graz pow<span class=\"_ _92\"></span>er plant on the Mur River <span class=\"_ _e8\"> </span><span class=\"fc4 ls0 ws0\">6.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Other <span class=\"_ _1f3\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>1.1 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.0 </span>Impairment losses and rev<span class=\"_ _92\"></span>ersals of impairment losses <span class=\"_ _28\"> </span><span class=\"fc4 ls18 ws0\">105.1 <span class=\"_ _3c\"> </span><span class=\"ff2c fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">71.8 </span></span></span>1 see section 4<span class=\"_ _43\"></span>.4.2 Impair<span class=\"_ _43\"></span>ment testin<span class=\"_ _43\"></span>g of power<span class=\"_ _43\"></span> plants for<span class=\"_ _43\"></span> details <span class=\"_ _43\"></span>on the chan<span class=\"_ _43\"></span>ges in valu<span class=\"_ _43\"></span>e of the Me<span class=\"_ _43\"></span>llach co<span class=\"_ _43\"></span>mbined cycle<span class=\"_ _43\"></span> gas tur<span class=\"ls200 wsb0d\">bine<span class=\"_ _43\"></span> power plant an<span class=\"_ _43\"></span>d the Gratkorn<span class=\"_ _43\"></span> power plant </span>on the Mur River<span class=\"_ _43\"></span> as well as on th<span class=\"_ _43\"></span>e cash-gener<span class=\"_ _43\"></span>ating units (CGUs) <span class=\"_ _43\"></span>of the Spanis<span class=\"_ _43\"></span>h renewables por<span class=\"_ _43\"></span>tfolio // 2 see secti<span class=\"_ _43\"></span>on 4.4.1 I<span class=\"_ _43\"></span>mpairment t<span class=\"_ _43\"></span>esting of g<span class=\"_ _43\"></span>oodwill f<span class=\"_ _43\"></span>or details<span class=\"_ _43\"></span> on changes<span class=\"_ _43\"></span> in the valu<span class=\"_ _43\"></span>e of goodw<span class=\"_ _43\"></span>il<span class=\"_ _333\"> </span>l 3.2.8  Measurement of energy<span class=\"_ _92\"></span> derivativ<span class=\"_ _92\"></span>es<span class=\"_ _333\"> </span> 3.2.9  Depreciation a<span class=\"_ _92\"></span>nd amortisation<span class=\"_ _333\"> </span> 3.2.10  Impairment losses and reversa<span class=\"_ _43\"></span>ls of<span class=\"_ _43\"></span> impairment losses 240 The result fr<span class=\"_ _92\"></span>om interests <span class=\"_ _92\"></span>accounted for using the equity method c<span class=\"_ _92\"></span>an be attributed mainly to KELAG-<span class=\"_ _333\"> </span>K\u00e4rntn<span class=\"_ _92\"></span>er Elektrizit\u00e4ts-Aktien<span class=\"_ _92\"></span>gesellschaft (KELAG), wh<span class=\"ls83 ws374\">ich oper<span class=\"_ _92\"></span>ates business lines pr<span class=\"_ _92\"></span>oviding electricity, </span>gas a<span class=\"_ _43\"></span>nd h<span class=\"_ _43\"></span>eat. Other result fr<span class=\"_ _92\"></span>om equity interests <span class=\"_ _6f\"> </span><span class=\"ff2a fs7 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Income from equity inter<span class=\"_ _92\"></span>ests and unconsolidated subsidiari<span class=\"_ _92\"></span>es <span class=\"_ _24a\"> </span><span class=\"fc4 ls0 ws0\">8.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">8<span class=\"_ _43\"></span>.3 </span></span>Income from the disposal of e<span class=\"_ _92\"></span>quity interests and unconsolidated sub<span class=\"_ _92\"></span>sidiaries <span class=\"_ _123\"> </span><span class=\"fc4 ls0 ws0\">12.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.2 </span></span>Expenses arising from<span class=\"_ _0\"></span> equity intere<span class=\"ls1f ws20\">sts and unconso<span class=\"_ _92\"></span>lidated subsidiaries <span class=\"_ _24b\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.<span class=\"_ _92\"></span>6 </span></span></span></span>Other result from equity interests <span class=\"_ _5e\"> </span><span class=\"fc4 ls18 ws0\">19.5 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">8.0<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span>Interest income <span class=\"_ _24d\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm</span></span><span class=\"ff2a fs7 ls0 ws0\"><span class=\"ls31\"> </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"ff2f fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Interest from inv<span class=\"_ _92\"></span>estments under closed items on the <span class=\"_ _92\"></span>balance sheet  <span class=\"_ _1d\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls29\"> </span></span>Interest from money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _137\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.7<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Other interest and similar income <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">5.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest income <span class=\"_ _1c7\"> </span><span class=\"fc4 ls29 ws0\">38<span class=\"_ _43\"></span>.4 <span class=\"_ _133\"> </span><span class=\"ff2c fc0 ls18\">40.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls29 ws0\"><span class=\"ff2c fc0 ls18\"> </span></span>Interest expe<span class=\"_ _92\"></span>nses <span class=\"_ _166\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm</span></span><span class=\"ff2a fs7 ls0 ws0\"><span class=\"ls31\"> </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"ff2f fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Interest for financial liabilities under<span class=\"ls1d ws1e\"> closed items on the bal<span class=\"_ _92\"></span>ance sheet <span class=\"_ _24f\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls29\"> </span></span></span>Interest for bonds<span class=\"_ _92\"></span> <span class=\"_ _250\"> </span><span class=\"fc4 ls0 ws0\">10.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls49\"> </span></span>Interest for other liabilities from<span class=\"ls1d ws1e\"> elec<span class=\"_ _92\"></span>tricity supply commitments <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">13.7 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">12.7<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></span>Interest for bank l<span class=\"_ _92\"></span>oans <span class=\"_ _251\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">10.4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest on a shar<span class=\"_ _92\"></span>e redemption obligation <span class=\"_ _196\"> </span><span class=\"fc4 ls0 ws0\">6.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest for money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _ad\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Net interest expense on pe<span class=\"ls59 ws0\">rsonnel-<span class=\"_ _92\"></span>relate<span class=\"_ _43\"></span><span class=\"ls2f ws2c\">d liabilities <span class=\"_ _7f\"> </span></span><span class=\"fc4 ls0\">5.6 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">7.0<span class=\"_ _333\"> </span></span></span><span class=\"ls59 ws0\"><span class=\"ff2f ls18\"> </span></span>Interest to clearin<span class=\"_ _92\"></span>g banks <span class=\"_ _252\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest for other non-current pro<span class=\"_ _92\"></span>visions <span class=\"_ _e5\"> </span><span class=\"fc4 ls0 ws0\">1.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Borrowing costs capitalised in<span class=\"ls60 ws259\"> accordance with IAS 23 <span class=\"_ _1a4\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">6.<span class=\"_ _92\"></span>7<span class=\"_ _333\"> </span></span></span></span></span><span class=\"ls60 ws259\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0\"><span class=\"ls18\"> </span></span></span></span>Other interest and<span class=\"_ _0\"></span> similar expenses<span class=\"_ _92\"></span> <span class=\"_ _253\"> </span><span class=\"fc4 ls0 ws0\">5.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest expenses <span class=\"_ _254\"> </span><span class=\"fc4 ls18 ws0\">77.8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">101.<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\">7<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span>3.2.11  Result from interests accounted f<span class=\"_ _92\"></span>or using the equity <span class=\"_ _92\"></span>method 3.2.12  Other result<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>from<span class=\"_ _92\"></span> equity interes<span class=\"_ _92\"></span>ts 3.2.13  Interest in<span class=\"_ _92\"></span>come<span class=\"_ _333\"> </span> 3.2.14  Interest e<span class=\"_ _92\"></span>xpenses<span class=\"_ _333\"> </span><span class=\"fcd ls0 ws0\"> <span class=\"fc4\"> </span></span>241<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Other financial<span class=\"_ _92\"></span> result <span class=\"_ _251\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Measurement of an obligation to return an in<span class=\"_ _92\"></span>terest<span class=\"_ _333\"> </span>1 <span class=\"_ _70\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>23.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.6 </span>Measurement of deriva<span class=\"_ _92\"></span>tive financial instruments in the financ<span class=\"_ _92\"></span>e area <span class=\"_ _20b\"> </span><span class=\"fc4 ls0 ws0\">2.4 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.4 </span></span>Income from securities and loans <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">3.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange gains <span class=\"_ _255\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange losses <span class=\"_ _77\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.4 </span></span></span>Change in expected credit losses <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.<span class=\"_ _92\"></span>1 </span></span></span>Measurement of a pro<span class=\"_ _92\"></span>fit participation ri<span class=\"ls74 ws68\">ght with resp<span class=\"_ _92\"></span>ect to material assets<span class=\"_ _333\"> </span></span>2 <span class=\"_ _1d4\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">22.7<span class=\"_ _92\"></span> </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.3 </span></span></span>Other financial result <span class=\"_ _ef\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">15.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.6 </span></span></span>1 The obligation<span class=\"_ _43\"></span> to transfer <span class=\"_ _43\"></span>the 50 % interest<span class=\"_ _43\"></span> in Donaukra<span class=\"_ _43\"></span>ftwerk Jochenste<span class=\"_ _43\"></span>in AG to the <span class=\"_ _43\"></span>Free State of Bav<span class=\"_ _43\"></span>aria without exch<span class=\"_ _43\"></span>ange of<span class=\"ls4c ws4e\"> cons<span class=\"_ _43\"></span>ideration is<span class=\"_ _43\"></span> measured at a<span class=\"_ _43\"></span>mortised cos<span class=\"_ _43\"></span>t. </span>The expecte<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span> fair value of the i<span class=\"_ _92\"></span>nterest at the transfer date (31 December 2050) i<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>calculated pe<span class=\"_ _92\"></span>riodically and discounted based<span class=\"_ _92\"></span><span class=\"ls4d ws6d8\"> on the or<span class=\"_ _43\"></span>iginal effe<span class=\"_ _43\"></span>ctive interest ra<span class=\"_ _43\"></span>te </span>(correspondin<span class=\"_ _43\"></span>g to the w<span class=\"_ _43\"></span>eighted aver<span class=\"_ _43\"></span>age cost<span class=\"_ _43\"></span> of capital at<span class=\"_ _43\"></span> the acquis<span class=\"_ _43\"></span>ition date<span class=\"_ _43\"></span>). Chan<span class=\"_ _43\"></span>ges in the ex<span class=\"_ _43\"></span>pected fair<span class=\"_ _43\"></span> value of th<span class=\"_ _43\"></span>e inte<span class=\"ls39 ws37\">rest are recognised in the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other financial re<span class=\"_ _92\"></span>sult. See </span>section 8.2 O<span class=\"_ _43\"></span>ther long-t<span class=\"_ _43\"></span>erm liabilit<span class=\"_ _43\"></span>ies // 2 The profit p<span class=\"_ _43\"></span>articipation<span class=\"_ _43\"></span> right exists wit<span class=\"_ _43\"></span>h respect to the <span class=\"_ _43\"></span>material assets<span class=\"_ _43\"></span> of TAG. They<span class=\"_ _43\"></span> are measu<span class=\"_ _43\"></span>red at fair value th<span class=\"_ _43\"></span>rough pr<span class=\"_ _43\"></span>of<span class=\"ls201 wsb11\">it or loss in </span>accordance with<span class=\"_ _43\"></span> IFRS 9<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>As a rule, the changes in value<span class=\"_ _43\"></span> of derivative<span class=\"_ _43\"></span> financial instruments<span class=\"_ _43\"></span> related to closed items on t<span class=\"_ _43\"></span>he balance sheet, <span class=\"_ _92\"></span>and the liabilities measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s are, in principle<span class=\"_ _92\"></span>, also<span class=\"_ _43\"></span> recognised in the oth<span class=\"_ _92\"></span>er financial resul<span class=\"_ _92\"></span>t. However<span class=\"_ _14\"></span>, the effec<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s on pr<span class=\"_ _92\"></span>ofit or loss of these two items balan<span class=\"_ _92\"></span>ce each other out an<span class=\"_ _92\"></span>d were therefo<span class=\"_ _92\"></span>re not included in the abo<span class=\"_ _92\"></span>ve table.<span class=\"_ _333\"> </span>The impairment in the financial r<span class=\"_ _92\"></span>e<span class=\"ls63 ws7bc\">sult for the 2022 reporting period re<span class=\"lsab ws1f8\">lates to the investmen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s in Trans </span></span>Austria G<span class=\"_ _92\"></span>asleitung GmbH (<span class=\"_ _43\"></span>T<span class=\"_ _14\"></span>AG) and Ashta Beteil<span class=\"ls26 ws7ca\">igungsverwaltung GmbH, w<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ich are acco<span class=\"_ _92\"></span>unted for </span>using the equity method<span class=\"_ _92\"></span>.  Ma<span class=\"_ _92\"></span>jor changes in the energ<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> industry environm<span class=\"_ _92\"></span>ent, in particular the significan<span class=\"_ _92\"></span>t increase in electricity and gas prices<span class=\"_ _92\"></span>, prompted T<span class=\"_ _14\"></span>AG to conduct an impairment tes<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span> 3.2.15  Other  financial result<span class=\"_ _333\"> </span>3.2.16  Impairment losses and reversa<span class=\"_ _43\"></span>ls of<span class=\"_ _43\"></span> impairment losses<span class=\"_ _333\"> </span>  242 Impairment test \u2013 T<span class=\"_ _80\"></span>rans Austria Gasleitung <span class=\"_ _92\"></span>GmbH    <span class=\"_ _173\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _16\"> </span><span class=\"fc4 ls27 ws27\">Trans Austria Gasleitung GmbH,  </span>Austrian transmission system opera<span class=\"_ _92\"></span>tor Trans Austria Gasl<span class=\"ls19 ws33\">eitung GmbH,  </span>Austrian transmission system operator<span class=\"_ _92\"></span> T<span class=\"_ _14\"></span>riggering event for  (an increase in) impairment Significant changes in the  energy industry environment Significant changes in the  energy industry environment Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _a7\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _219\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls1c ws1d\">Trans Austria Gasleitung GmbH budgets </span>(based primarily on near-market data) Trans Austria Gaslei<span class=\"ls5b ws2e\">tung GmbH budgets </span>(based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _65\"> </span><span class=\"fc4 ls9c ws190\">Capacity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _214\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariff<span class=\"_ _92\"></span>s published by the regulator <span class=\"_ _177\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by<span class=\"_ _43\"></span> the </span></span>regulator Planning period <span class=\"_ _23\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years;  </span>rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d8\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _1e\"> </span><span class=\"fc4 ls59 ws0\">\u20ac51.6m <span class=\"_ _1aa\"> </span><span class=\"ff2f fc0 ls18\">\u20ac21.9m </span></span>Impairment losses  during the period<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">18.3m <span class=\"_ _256\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span>46.2m </span></span>1 Impairment incl. tax gro<span class=\"_ _92\"></span>ss<span class=\"_ _43\"></span> up. An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognised in the 2022 re<span class=\"_ _92\"></span>porting period in the amount of \u20ac3<span class=\"ls1c9 wsa4d\">.3m as at 30 June 2022.<span class=\"_ _92\"></span> As at 31 December </span>2022, the impairm<span class=\"_ _92\"></span>ent<span class=\"_ _43\"></span> recognised during the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>year increased to \u20ac46.<span class=\"_ _92\"></span>2m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>243<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or T<span class=\"_ _14\"></span>rans <span class=\"ls85 wsd6\">Austria Gasleitung GmbH<span class=\"_ _92\"></span> 31/12/2022</span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">0.5m </span>\u20ac+<span class=\"fsa\"> </span>0.5m 1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"ls136 wsb12\">ation of the effe<span class=\"_ _43\"></span>cts.  </span>Sensitivity analysis f<span class=\"_ _92\"></span>or T<span class=\"_ _14\"></span>rans <span class=\"ls85 wsd6\">Austria Gasleitung GmbH<span class=\"_ _92\"></span> 31/12/2021 </span>  <span class=\"_ _42\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the </span>ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls59 ws5a\">0.9m  </span>\u20ac+<span class=\"fsa\"> </span>0.9m The updated electricity price fo<span class=\"ls78 ws6ec\">r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>casts and the discount ra<span class=\"_ _92\"></span>tes adjusted as at 31 <span class=\"_ _88\"></span>December 2022 </span>prompted Ashta Beteiligungsverwaltung Gm<span class=\"ls80 wsde\">bH to conduct an impairment test. </span><span class=\"ls80 wsde\"> </span>244 Impairment<span class=\"_ _43\"></span> test \u2013 Ashta Beteil<span class=\"_ _43\"></span>igungsverwaltung GmbH    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls32 ws2e\">VERBUND and EVN AG joint venture that </span>holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates<span class=\"_ _92\"></span> a  two-stage Hydromatrix po<span class=\"_ _92\"></span>wer plant  (installed capacity: 53 MW) in Al<span class=\"_ _92\"></span>bania VERBUND and EVN AG joint venture that holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates a  two-stage Hydromatrix power plant  (installed capacity: 53 MW) in Albania Indications of a (reduction in) impairment Updated electricity price forecasts and updated discount rate<span class=\"_ _92\"></span> Updated electricity <span class=\"lsca ws30\">price forecasts and </span>updated discount rate Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls25 ws25\">Budgets o<span class=\"_ _92\"></span>f Energji Ashta Shpk <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls59 ws22\">Budgets of Energji Ashta Shpk </span></span>V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls1e ws1f\">The annu<span class=\"_ _92\"></span>al output corresponding to the </span>mean energy capability of 242 GWh The annual output corresponding to the mean energy capability of 242 GWh Price <span class=\"_ _209\"> </span><span class=\"fc4 ls0\">2022\u2013<span class=\"fsa\"> </span><span class=\"ls20 ws21\">2028: Electricity prices based on </span></span>purchase agreement with KESH 2029\u2013<span class=\"fsa\"> </span><span class=\"ls60 ws61\">2043: Internal price forecasts </span>2023\u2013<span class=\"fsa ls0\"> </span><span class=\"ls46 ws2b\">2028: Electricity prices base<span class=\"_ _92\"></span>d on </span>purchase agreement with KESH 2029\u2013<span class=\"fsa ls0\"> </span><span class=\"ls1f ws959\">2043: Inter<span class=\"_ _92\"></span>nal price forecasts </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls25 ws25\">Detailed planning phase: 1 year;  </span>rough planning phase: 21 years  (long-term reinvestment, repair and maintenance cycles for <span class=\"ls148 wsb19\">hydropower plants) </span>Detailed planning phase: 1 year;  rough planning phase: 20 years  (long-term reinvestment, repair and maintenance cycles for hydropower plants) Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price forecasts and discount rate <span class=\"_ _183\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price forecasts and discount </span>rate After-tax di<span class=\"_ _92\"></span>scount rate<span class=\"_ _333\"> </span>1 <span class=\"_ _258\"> </span><span class=\"fc4 ls1d ws1e\">WACC after taxes (2022\u2013</span><span class=\"fsa fc4\"> <span class=\"fs8 ls2b ws29\">2028): 7.75 % </span></span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws29\">2043): 8.50 % </span>WACC after taxes (2023\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>028): 10.75 % </span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>043): 12.50 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws5e\">\u20ac18.9m  <span class=\"_ _145\"> </span></span><span class=\"ff2f ls18 ws0\">\u20ac19.2m </span>Change in value  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>16.8m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls102\">0.3m </span></span>1 The iterati<span class=\"_ _92\"></span>vely calculated implicit<span class=\"_ _92\"></span> pre-tax interest rate was 13.79 % (previ<span class=\"_ _92\"></span>ous year: 9.37 %). // 2 An impairment loss had<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>lready been rec<span class=\"_ _0\"></span>ognised in the 2022 reporti<span class=\"_ _92\"></span>ng period in the amount of \u20ac0.9m as at 30 June<span class=\"_ _92\"></span> 2022. As at 31 December 2022, the impairment re<span class=\"_ _92\"></span>cognised during the year decreased to \u20ac0.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><span class=\"_ _92\"></span> <span class=\"_ _43\"></span> 245<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or Ashta Be<span class=\"ls129 ws8df\">teiligungsverw<span class=\"_ _92\"></span>altung GmbH 31/12/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _be\"> </span><span class=\"ls60 ws61\">\u20ac99.04 per MWh <span class=\"_ _da\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>3.3m \u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">3.3m </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d4\"> </span><span class=\"ls2b ws29\">10.75 % (12.5 %) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>1.0m \u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">1.0m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n. </span>Sensitivity analysis f<span class=\"_ _92\"></span>or Ashta Be<span class=\"ls129 ws8df\">teiligungsverw<span class=\"_ _92\"></span>altung GmbH 31/12/2021 <span class=\"_ _259\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets Electricity price <span class=\"_ _f8\"> </span><span class=\"ls34 ws32\">\u20ac73.2 per MWh <span class=\"_ _d5\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>2.9m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.9m </span>After tax discount rate <span class=\"_ _a4\"> </span><span class=\"ls2b ws29\">7.75 % (8.5 %) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>1.0m \u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">1.0m<span class=\"_ _333\"> </span></span><span class=\"ls1a\"> </span>The corporate income tax rate applying to VERBUND <span class=\"_ _14\"></span><span class=\"ls69 ws8c\">AG is 25.0 <span class=\"_ _14\"></span>%. The follow<span class=\"_ _43\"></span>ing income tax rates are </span>applied by consolida<span class=\"_ _92\"></span>ted subsidiaries (dependin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> on the coun<span class=\"_ _92\"></span>tr<span class=\"_ _43\"></span>y in which they are loc<span class=\"_ _92\"></span>ated):<span class=\"_ _333\"> </span> Income tax rates appli<span class=\"_ _92\"></span>cable to subsidiaries <span class=\"_ _13\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _54\"> </span><span class=\"ls134 wsb1b\">in % </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Aust<span class=\"_ _43\"></span>ri<span class=\"_ _43\"></span>a<span class=\"_ _333\"> </span>1 <span class=\"_ _25a\"> </span><span class=\"fc4\">25.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">25.0 </span>Germany \u2013 partnerships<span class=\"_ _333\"> </span>2 <span class=\"_ _1ba\"> </span><span class=\"fc4\">28.6 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">28.6 </span>Germany \u2013 limited companies<span class=\"_ _333\"> </span>2 <span class=\"_ _25b\"> </span><span class=\"fc4\">24.23\u2013<span class=\"fsa\"> </span>32.43 <span class=\"_ _1e2\"> </span></span><span class=\"ff2f ls18\">24.23\u2013<span class=\"fsa ls0\"> </span><span class=\"ls28\">32.40 </span></span>Spain <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">25.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">25.0 </span>Romania <span class=\"_ _25c\"> </span><span class=\"fc4 ls0\">16.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">16.0 </span>1 Due to the reductio<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>of the corporat<span class=\"_ _92\"></span>e income tax rate to 24 % from 2023 and 23 % from 2024,<span class=\"_ _92\"></span> a composite rate is used to calcul<span class=\"ls4b ws4d\">ate the deferred taxes. //<span class=\"_ _43\"></span> </span>2 The corporate income tax rate sh<span class=\"_ _43\"></span>own also in<span class=\"_ _43\"></span>cludes the sol<span class=\"_ _43\"></span>idarity surcharg<span class=\"_ _43\"></span>e an<span class=\"ls3a wsb1c\">d municipal trad<span class=\"_ _43\"></span>e tax. The trade tax de<span class=\"_ _43\"></span>pends on the loca<span class=\"_ _43\"></span>l multip<span class=\"ls1b5 ws91d\">lier, wh<span class=\"_ _43\"></span>ich varies fr<span class=\"_ _43\"></span>om one mu<span class=\"_ _43\"></span>nicipialit<span class=\"_ _43\"></span>y to </span></span>another. Beginning with the 2005 reporti<span class=\"_ _92\"></span>ng period, VERBUND to<span class=\"ls7d ws272\">ok advantage of the option to form a group of </span>companies for tax purposes as <span class=\"_ _92\"></span>granted by the legislat<span class=\"_ _92\"></span>ure; VERBUND <span class=\"_ _92\"></span>AG is the tax group par<span class=\"_ _92\"></span>ent. The tax<span class=\"_ _92\"></span> benefit resulting fr<span class=\"_ _92\"></span>om the amortisa<span class=\"ls70 wsf3\">tion of goodwill (Section <span class=\"_ _92\"></span>9(7) of the 1988 Corporate Income T<span class=\"_ _14\"></span>ax Act </span>(K\u00f6rper<span class=\"_ _92\"></span>schaftsteuergesetz, KS<span class=\"_ _92\"></span>tG)) within the corporat<span class=\"_ _92\"></span>e group is trea<span class=\"_ _92\"></span>ted as a temporary difference for shares in<span class=\"_ _92\"></span> subsidiaries (outside basis differ<span class=\"_ _92\"></span>ence).<span class=\"_ _333\"> </span> 3.2.17  Ta<span class=\"_ _81\"> </span>x<span class=\"_ _109\"> </span>e<span class=\"_ _109\"> </span>s<span class=\"_ _81\"> </span> o<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span> i<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span>c<span class=\"_ _109\"> </span>o<span class=\"_ _81\"> </span>m<span class=\"_ _109\"> </span>e<span class=\"_ _333\"> </span><span class=\"_ _109\"> </span>  246 Ta<span class=\"_ _63\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span>s<span class=\"_ _81\"></span> o<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span> i<span class=\"_ _63\"></span>n<span class=\"_ _81\"> </span>c<span class=\"_ _81\"></span>o<span class=\"_ _81\"></span>m<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span> <span class=\"_ _1dc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Current tax expen<span class=\"_ _92\"></span>ses<span class=\"_ _333\"> </span>1 <span class=\"_ _ef\"> </span><span class=\"fc4\">250.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">582.0 </span>Future tax e<span class=\"_ _92\"></span>xpense for subsequent taxation<span class=\"_ _92\"></span> of transfers of  losses from foreign members of the<span class=\"_ _92\"></span> tax group <span class=\"_ _25d\"> </span><span class=\"fc4 ls0 ws0\">5.2 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Deferred income tax expens<span class=\"_ _92\"></span>es <span class=\"_ _f2\"> </span><span class=\"fc4 ls0 ws0\">24.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">1.3 </span></span>T<span class=\"_ _14\"></span>axes on income <span class=\"_ _25e\"> </span><span class=\"fc4 ls18 ws0\">279.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">583.4<span class=\"_ _92\"></span> </span></span>1 Current tax expenses include adjustments from prior perio<span class=\"_ _92\"></span>ds <span class=\"_ _43\"></span>of \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls4e ws50\">7.0m (previo<span class=\"_ _43\"></span>us year: income<span class=\"_ _43\"></span> \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ff2a ls42\">1.2m).<span class=\"_ _333\"> </span></span></span></span><span class=\"ls4e ws50\"><span class=\"ff2f ls0 ws0\"><span class=\"ff2a ls42\"> </span></span></span>The re<span class=\"_ _92\"></span>asons for the difference betwe<span class=\"_ _92\"></span>en VERBUND\u2019<span class=\"_ _14\"></span>s computed and r<span class=\"_ _92\"></span>ecognised tax expense are <span class=\"_ _89\"></span> as follows: <span class=\"_ _43\"></span> T<span class=\"_ _14\"></span>ax rec<span class=\"_ _92\"></span>onciliation <span class=\"_ _161\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Computed income tax expense <span class=\"_ _25f\"> </span><span class=\"fc4 ls0 ws0\">316.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls31\">633.0 </span></span>Change in Austrian corp<span class=\"ls62 ws64\">orate income tax rate  <span class=\"_ _131\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">56.6 </span></span></span></span>T<span class=\"_ _14\"></span>ax-exempt inv<span class=\"_ _92\"></span>estment income <span class=\"_ _260\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>5.0 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">2.<span class=\"_ _92\"></span>1 </span></span></span>Differ<span class=\"_ _43\"></span>ing ta<span class=\"_ _43\"></span>x rates <span class=\"_ _261\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.8 </span></span>Differences from partnerships <span class=\"_ _15d\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">6.<span class=\"_ _92\"></span>0 </span></span></span>Interests accounted fo<span class=\"_ _92\"></span>r using the equity method <span class=\"_ _118\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>8.7 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1.1 </span></span></span>Impairment testing of equi<span class=\"_ _92\"></span>ty-a<span class=\"ls34 ws32\">ccounted and other interests <span class=\"_ _6d\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>4.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span></span>T<span class=\"_ _14\"></span>ax-allowable impairmen<span class=\"_ _92\"></span>t losses on investments  <span class=\"_ _c3\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">36.7<span class=\"_ _43\"></span> </span></span></span>Amortisation of goodwill for tax purposes <span class=\"_ _262\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>2.9 <span class=\"_ _9c\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">2.<span class=\"_ _92\"></span>9 </span></span>Goodwill amortisation IFRS <span class=\"_ _229\"> </span><span class=\"fc4 ls0 ws0\">2.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.4 </span></span>Other line items <span class=\"_ _1dc\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>7.6 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.7 </span></span></span>Income tax expenses f<span class=\"_ _92\"></span>or the perio<span class=\"_ _43\"></span>d <span class=\"_ _263\"> </span><span class=\"fc4 ls18 ws0\">282.3 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">562.3 </span></span>Income tax income or expenses fro<span class=\"_ _0\"></span>m<span class=\"ls2a ws28\"> prior periods (current and deferred) <span class=\"_ _1b0\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">21.1 </span></span></span>Recognised incom<span class=\"ls1a ws24\">e tax expenses <span class=\"_ _1de\"> </span><span class=\"fc4 ls18 ws0\">279.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">583.4 </span></span></span>Effectiv<span class=\"_ _92\"></span>e tax rate <span class=\"_ _163\"> </span><span class=\"fc4 ls18 ws6d6\">22.1 %<span class=\"_ _92\"></span> <span class=\"_ _117\"> </span><span class=\"ff2c fc0\">23.0 %<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws6d6\"><span class=\"ff2c fc0\"> </span></span>Determination of earnings per shar<span class=\"_ _92\"></span>e <span class=\"_ _98\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Profit for the perio<span class=\"_ _92\"></span>d <span class=\"_ _23b\"> </span><span class=\"fc4 ls0 ws0\">985.1 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">1,948.8 </span></span>Profit for the period attributab<span class=\"ls0 ws0\">le to non-controlling interests <span class=\"_ _1dd\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>111.5 <span class=\"_ _5b\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">231.8 </span></span></span>Group result  <span class=\"_ _264\"> </span><span class=\"fc4 ls49 ws0\">873.6 <span class=\"_ _2c\"> </span><span class=\"ff2c fc0 ls18\">1,71<span class=\"_ _92\"></span>7.0 </span></span>W<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ighted avera<span class=\"_ _92\"></span>ge number of shares in circulation <span class=\"_ _1af\"> </span><span class=\"fc4 ls0 ws0\">347,415,686 <span class=\"_ _5d\"> </span><span class=\"ff2f fc0 ls18\">347,415,686 </span></span>Earnings per share in \u20ac<span class=\"_ _333\"> </span>1 <span class=\"_ _1ba\"> </span><span class=\"fc4 ls18\">2.51 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">4.94 </span></span>1 There were no opt<span class=\"_ _43\"></span>ions on<span class=\"_ _43\"></span> the issue of ne<span class=\"_ _43\"></span>w shares or<span class=\"_ _43\"></span> other facts <span class=\"_ _43\"></span>or circumstan<span class=\"_ _43\"></span>ces that cou<span class=\"_ _43\"></span>ld have a dilu<span class=\"_ _43\"></span>ting effect; t<span class=\"_ _43\"></span>herefore,<span class=\"lsce wsb1f\"> bas<span class=\"_ _43\"></span>ic and diluted e<span class=\"_ _43\"></span>arnings per sh<span class=\"_ _43\"></span>are are the same.</span><span class=\"lsce wsb1f\"> </span>3.2.18  Earnings per share<span class=\"_ _333\"> </span> 247<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>3.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Notes to the statement of comprehensive income </span>Reclassification adjustment<span class=\"lsb0 ws38d\">s to the income statement <span class=\"_ _104\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Measurement gai<span class=\"_ _92\"></span>ns or losses recognised in equity <span class=\"_ _265\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">0<span class=\"_ _43\"></span>.3 </span></span>Differences fr<span class=\"_ _92\"></span>om <span class=\"_ _43\"></span>currency translation <span class=\"_ _b9\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.5 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">0.3 </span></span></span>Measurement gai<span class=\"_ _92\"></span>ns or losses recognised in equity<span class=\"_ _333\"> </span>1 <span class=\"_ _266\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>1,897.4 <span class=\"_ _68\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,135.5 </span></span>Reclassification adjustment <span class=\"ls2e ws2b\">to the i<span class=\"_ _92\"></span>ncome statement <span class=\"_ _152\"> </span><span class=\"fc4 ls0 ws0\">77.5 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">1,600.6 </span></span></span>Measurements of cash flo<span class=\"_ _92\"></span>w hedges <span class=\"_ _1ea\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,819.9 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">465.1 </span></span></span>Measurement gai<span class=\"_ _92\"></span>ns or losses recognised in equity <span class=\"_ _74\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.9 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.9 </span></span></span>Other comprehensive income from interests accounted f<span class=\"_ _92\"></span>or  using the equity method <span class=\"_ _267\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">11.9 <span class=\"_ _56\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.9 </span></span></span>Other comprehensive income  <span class=\"_ _210\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,835.3 <span class=\"_ _3\"> </span><span class=\"fc0\">455.5 </span></span></span>1 Of which \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls39 ws37\">3.3m (previous year:<span class=\"_ _92\"></span> \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"_ _43\"></span><span class=\"fsa\"> </span></span><span class=\"ls20b wsb22\">4.9m) relates to costs from hedgi<span class=\"_ _0\"></span>ng with options (see section 5.2 Accounting treatment of hed<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>ing relationships). </span></span>T<span class=\"_ _14\"></span>axes on income on other comprehe<span class=\"_ _92\"></span>nsive income <span class=\"_ _e5\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _30\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1e8\"> </span>2021 <span class=\"_ _37\"> </span>2021 <span class=\"_ _134\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _134\"> </span>2022 <span class=\"_ _1e8\"> </span>2022 </span></span>  <span class=\"_ _cb\"> </span><span class=\"ff2f fc4 ls0\">Before </span>taxes Ta<span class=\"_ _63\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _63\"></span>s<span class=\"_ _81\"></span> <span class=\"_ _147\"> </span><span class=\"ls61\">After </span>taxes Before taxes Ta<span class=\"_ _63\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _63\"></span>s<span class=\"_ _81\"></span> <span class=\"_ _e\"> </span><span class=\"ls61\">After </span>taxes Remeasurements of the net <span class=\"_ _92\"></span>defined benefit liability <span class=\"_ _257\"> </span><span class=\"fc4 ls0 ws0\">86.5 <span class=\"_ _b\"> </span>\u2013<span class=\"fsa\"> </span>22.0 <span class=\"_ _179\"> </span>64.4 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">172.0 <span class=\"_ _1e2\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>52.0 <span class=\"_ _a9\"> </span>120.1 </span></span>Measurements of financial instruments<span class=\"_ _92\"></span> <span class=\"_ _b8\"> </span><span class=\"fc4 ls0 ws0\">23.5 <span class=\"_ _e\"> </span>\u2013<span class=\"fsa\"> </span>5.9 <span class=\"_ _179\"> </span>17.6 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls31\">3.0 <span class=\"_ _39\"> </span><span class=\"ls18\">0.0 <span class=\"_ _b8\"> </span></span>3.0 </span></span>Other comprehensive income from interests accounted for usin<span class=\"_ _92\"></span>g the  equity method <span class=\"_ _1a9\"> </span><span class=\"fc4 ls0 ws0\">5.1 <span class=\"_ _4b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _49\"> </span></span>5.1 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls49\">13.7 <span class=\"_ _4b\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _5\"> </span></span>13.7 </span></span>T<span class=\"_ _14\"></span>otal of items that will not be reclassified subsequently to the income statement 115.0 <span class=\"_ _1e2\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>27.9 <span class=\"_ _e\"> </span>87.1 <span class=\"_ _a\"> </span><span class=\"ff2c fc0\">188.7 <span class=\"_ _a7\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>52.0 <span class=\"_ _22d\"> </span>136.7 </span>Differences from currency translation <span class=\"_ _26\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _4b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _e\"> </span></span>\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls31\">0.3 <span class=\"_ _4b\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _b8\"> </span></span>0.3 </span></span>Measurements of cash flo<span class=\"_ _92\"></span>w hedges <span class=\"_ _15e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,819.9 <span class=\"_ _94\"> </span>455.0 <span class=\"_ _d8\"> </span>\u2013<span class=\"fsa\"> </span>1,364.9 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">465.1 <span class=\"_ _218\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>136.6 <span class=\"_ _94\"> </span>328.5 </span></span>Other comprehensive income from interests accounted for usin<span class=\"_ _92\"></span>g the  equity method <span class=\"_ _be\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.9 <span class=\"_ _4b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1e5\"> </span></span>\u2013<span class=\"fsa\"> </span>11.9 <span class=\"_ _190\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.9 <span class=\"_ _4b\"> </span></span>\u2013 <span class=\"_ _191\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.9 </span></span></span>T<span class=\"_ _14\"></span>otal of items that will be reclassified subsequently to the income statement <span class=\"_ _219\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,835.3 <span class=\"_ _1e5\"> </span>455.0 <span class=\"_ _17a\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls31\">1,380.3 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0 ls18\">455.5 <span class=\"_ _187\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>136.6 <span class=\"_ _1e2\"> </span>318.9 </span></span></span>Other comprehensive income  <span class=\"_ _6a\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,720.3 <span class=\"_ _1e5\"> </span>427.1 <span class=\"_ _17a\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,293<span class=\"_ _92\"></span>.2 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">644.2 <span class=\"_ _187\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>188.6 <span class=\"_ _22d\"> </span>455.6<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ls18\"><span class=\"ff2c fc0\"> </span></span></span>3.3.1  Reclassification adjustments to the income stat<span class=\"_ _43\"></span>ement 3.3.2  Ta<span class=\"_ _81\"> </span>x<span class=\"_ _109\"> </span>e<span class=\"_ _109\"> </span>s<span class=\"_ _81\"> </span> o<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span> o<span class=\"_ _109\"> </span>t<span class=\"_ _109\"> </span>h<span class=\"_ _109\"> </span>e<span class=\"_ _81\"></span>r<span class=\"_ _109\"> </span> compreh<span class=\"_ _92\"></span>ensive income<span class=\"_ _333\"> </span> 248 3.4<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb23\">Notes to the cash flow statement</span><span class=\"ls1ba wsb23\">  </span>The indirect meth<span class=\"_ _92\"></span>od has been used to prepar<span class=\"_ _92\"></span>e VE<span class=\"lsa5 wsa40\">RBUND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s cash<span class=\"_ _43\"></span> flow statement. The compos<span class=\"_ _43\"></span>ition of </span>cash a<span class=\"_ _43\"></span>nd cash equ<span class=\"_ _43\"></span>ivalent<span class=\"_ _43\"></span>s can be<span class=\"_ _43\"></span> seen<span class=\"_ _43\"></span> in sect<span class=\"_ _43\"></span>ion 6 Working capita<span class=\"_ _43\"></span>l. Outstanding items w<span class=\"_ _43\"></span>ith respect to cur<span class=\"_ _43\"></span>rent liabilities arose in connecti<span class=\"_ _43\"></span>on with<span class=\"_ _43\"></span> additions to intang<span class=\"_ _43\"></span>ible assets and property, pl<span class=\"ls63 ws208\">ant and equipmen<span class=\"_ _92\"></span>t in the amount of<span class=\"ls78 ws184\"> \u20ac142.9m (previous year: \u20ac137.5m).</span></span><span class=\"ls63 ws208\"><span class=\"ls78 ws184\"> </span></span>Additional inf<span class=\"_ _92\"></span>ormation on cas<span class=\"_ _92\"></span>h flow from<span class=\"_ _92\"></span> financing activiti<span class=\"_ _92\"></span>es \u20acm   <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Dividends paid to the shareholders of VERBUND AG <span class=\"_ _256\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>260.6 <span class=\"_ _69\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">364.8 </span></span></span>Dividends paid to non<span class=\"ls1d ws1e\">-controlling interests <span class=\"_ _104\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>58.8 <span class=\"_ _59\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">11<span class=\"_ _43\"></span>3.0</span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0\"><span class=\"ls49\"> </span></span></span></span>The following ta<span class=\"_ _92\"></span>ble shows the development of<span class=\"_ _92\"></span> liabilities from financin<span class=\"_ _92\"></span>g activities, including cash and non-cash chan<span class=\"_ _92\"></span>ges. Liabilities fr<span class=\"_ _92\"></span>om financing activities for which th<span class=\"_ _92\"></span>ere were or wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be cash flo<span class=\"_ _92\"></span>ws in the cash flow s<span class=\"_ _92\"></span>tatement are clas<span class=\"_ _92\"></span>sified as cash flows from<span class=\"_ _92\"></span> financing activities. Additional inf<span class=\"_ _92\"></span>ormation regard<span class=\"_ _92\"></span>ing liabilities from f<span class=\"_ _92\"></span>inancing activities  <span class=\"_ _10c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _1d1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _269\"> </span><span class=\"ff2f fs0 ls20d wsb24\">Non-cash changes <span class=\"_ _be\"> </span></span><span class=\"ff2f ls31\">  </span>Balance sheet as at  1 January 2022 Cash flow from financing activities Acquisition of a subsidiary Fair value adjustments Changes in exchange rates Other changes Balance sheet as at 31 December 2022 Bonds <span class=\"_ _162\"> </span><span class=\"ls0\">990.6 <span class=\"_ _1b3\"> </span>\u2013<span class=\"fsa\"> </span>6.3 <span class=\"_ _11\"> </span>163.6 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _68\"> </span>3.1 <span class=\"_ _190\"> </span>1,151.0 </span>Bank loans <span class=\"_ _a5\"> </span><span class=\"ls0 ws0\">2,159.0 <span class=\"_ _11\"> </span>129.8 <span class=\"_ _11\"> </span>284.1 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>38.8 <span class=\"_ _24\"> </span>19.7 <span class=\"_ _7\"> </span>14.6 <span class=\"_ _190\"> </span>2,568.3 </span>Other financial liabilities 147.0 <span class=\"_ _1c\"> </span>14.2 <span class=\"_ _1c\"> </span>13.3 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _68\"> </span>0.6 <span class=\"_ _1c\"> </span>175.1 Put liability <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _24\"> </span>52.1 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _68\"> </span>0.0 <span class=\"_ _1c5\"> </span>52.1 </span>Capital shares attributable to limited partners <span class=\"_ _4b\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _68\"> </span>7.3 <span class=\"_ _5b\"> </span>7.3 </span>T<span class=\"_ _14\"></span>otal liabilities from financing activities <span class=\"_ _157\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _5\"> </span>137.7<span class=\"_ _92\"></span> <span class=\"_ _21\"> </span>461.0<span class=\"_ _92\"></span> <span class=\"_ _1b3\"> </span><span class=\"ls31\">13.3 <span class=\"_ _1b3\"> </span></span>19.7 <span class=\"_ _8\"> </span>25.6 <span class=\"_ _185\"> </span><span class=\"ls38\">3,953.7</span></span><span class=\"ls18\"><span class=\"ls38\"> </span></span>3.4.1  Additional information on cash flow fr<span class=\"_ _92\"></span>om financing activities 3.4.2  Change in liabilities from fina<span class=\"_ _92\"></span>ncing activities 249<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span><span class=\"lsef ws877\"> </span>4.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 wsb2b\">Intangible assets<span class=\"_ _333\"> </span></span><span class=\"ls118 wsb2b\"> </span>Goodwill  Goodw<span class=\"_ _43\"></span>ill is not to be syste<span class=\"_ _43\"></span>matically amortised; instead,<span class=\"_ _43\"></span><span class=\"ls96 ws5bf\"> it is to be tested for impa<span class=\"_ _43\"></span>irment at least once per </span>year in accordance with IAS 36 (see <span class=\"ls1b wsb2d\">section 4.4.1 Impairment testing of<span class=\"ls9a ws562\"> goodwill). In addition, a quality-<span class=\"_ _333\"> </span></span></span>oriented analysis of whethe<span class=\"_ _43\"></span>r there is any indication of impairment is conducted on t<span class=\"_ _43\"></span>he reporting date for all consolidat<span class=\"_ _92\"></span>ed interim financial statem<span class=\"_ _92\"></span>ents.<span class=\"_ _333\"> </span>Other inta<span class=\"_ _92\"></span>ngible assets In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _8a\"></span>38, purchased intan<span class=\"_ _92\"></span>gible assets are measur<span class=\"_ _92\"></span>ed at cost less straig<span class=\"_ _92\"></span>ht-line amortisation and an<span class=\"_ _0\"></span>y impairment los<span class=\"_ _92\"></span>ses if their useful life is not classified as indefinite. T<span class=\"_ _92\"></span>he useful lives are main<span class=\"_ _92\"></span>ly between 10 and 20 years. Softw<span class=\"_ _92\"></span>are is amortised over fo<span class=\"_ _92\"></span>ur years.<span class=\"_ _333\"> </span> Research<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>and dev<span class=\"_ _92\"></span>elopment costs Development costs were ca<span class=\"_ _92\"></span>pitalised <span class=\"ls63 ws632\">in the amount of \u20ac10.2m (previous <span class=\"ls78 ws4a9\">year: \u20ac2.4m) in accordance with </span></span>IAS <span class=\"_ _92\"></span>38. E<span class=\"_ _43\"></span>xpenses for research in the total amo<span class=\"_ _92\"></span>unt of<span class=\"ls63 ws551\"> \u20ac10.2m (previous year<span class=\"_ _43\"></span>: \u20ac11.3m) were r<span class=\"_ _0\"></span>ecognised in </span>profit or loss in the 2022 re<span class=\"_ _0\"></span>porting period. Emission rights Emission rights are accounted <span class=\"_ _92\"></span>for in <span class=\"lsa2 wsa0d\">accordance with the accoun<span class=\"_ _92\"></span>ting policies set out in IAS <span class=\"_ _80\"></span>38, IAS <span class=\"_ _14\"></span>20 </span>and IAS <span class=\"_ _85\"></span>37. Emission<span class=\"_ _92\"></span> rights are recognised a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> fair value (all<span class=\"_ _92\"></span>owances allotted without exchan<span class=\"_ _92\"></span>ge of consideration) or at cost (<span class=\"_ _43\"></span>purchased allowances).<span class=\"ls33 ws6ff\"> For em<span class=\"_ _92\"></span>ission rights allotted without ex<span class=\"_ _92\"></span>change of </span>consideration<span class=\"_ _92\"></span>, an item of deferred income is recognised in<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he amount of their fair<span class=\"_ _92\"></span> value for the grant received tha<span class=\"_ _92\"></span>t is then reversed to pr<span class=\"_ _92\"></span>ofit or loss <span class=\"ls81 ws577\">under fuel expenses when th<span class=\"_ _92\"></span>e emission rights ar<span class=\"_ _92\"></span>e used, </span>amortised or sold. The obl<span class=\"_ _92\"></span>igation to r<span class=\"_ _92\"></span>eturn is taken into accoun<span class=\"_ _92\"></span>t by means of another<span class=\"_ _92\"></span> liability. If cover is insufficient, VERB<span class=\"_ _92\"></span>UND recognises an additional pro<span class=\"_ _92\"></span>vision in the amount of the fair value of the mis<span class=\"_ _92\"></span>sing emission rights<span class=\"_ _92\"></span>.  Emission rights<span class=\"_ _92\"></span> held for trading b<span class=\"_ _92\"></span>y VERBUND are me<span class=\"_ _92\"></span>asured through pr<span class=\"_ _92\"></span>ofit or loss under o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her revenu<span class=\"_ _0\"></span>e. Acco<span class=\"_ _92\"></span>rding to the br<span class=\"_ _92\"></span>okerage exemp<span class=\"_ _92\"></span>tion for raw ma<span class=\"_ _92\"></span>terials and commodity dealers, t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e measurement benchmark is fair value less costs to sell.<span class=\"_ _333\"> </span>250 Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>Concessions, rights, licences Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span>2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">265.8 <span class=\"_ _3\"> </span>855.3 <span class=\"_ _59\"> </span>1,121.1 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">618.0 <span class=\"_ _3\"> </span>172.6 <span class=\"_ _2\"> </span>790.7 </span>Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">46.3 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>46.3 </span>Disposals <span class=\"_ _26a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>11.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _16a\"> </span>\u2013<span class=\"fsa\"> </span>11.4 </span>Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">3.7 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>3.7 </span>Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">922.5 <span class=\"_ _66\"> </span>1,027.9 <span class=\"_ _a5\"> </span>1,950.4 </span>Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">144.5 <span class=\"_ _3\"> </span>187.9 <span class=\"_ _127\"> </span>332.4 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">227.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _127\"> </span>227.0 </span>Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">16.8 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>16.8 </span>Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">2.2 <span class=\"_ _3\"> </span>133.5 <span class=\"_ _2\"> </span>135.7 </span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>5.7 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>5.7 </span>Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">384.2 <span class=\"_ _125\"> </span>321.4 <span class=\"_ _3\"> </span>705.6 </span>Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">538.2 <span class=\"_ _125\"> </span>706.5 <span class=\"_ _a5\"> </span>1,244.8 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _22\"> </span><span class=\"ls0 ws0\">121.3 <span class=\"_ _3\"> </span>667.4 <span class=\"_ _127\"> </span>788.7 </span>Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _26c\"> </span><span class=\"ff2f ls60\">Concessions, </span>rights, licences Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span>2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">183.0 <span class=\"_ _3\"> </span>766.8 <span class=\"_ _127\"> </span>949.8 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _144\"> </span><span class=\"ls0 ws0\">63.4 <span class=\"_ _12b\"> </span>88.5 <span class=\"_ _127\"> </span>151.9 </span>Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">25.5 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>25.5 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>6.9 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.9 </span>Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">0.9 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>0.9 </span>Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">265.8 <span class=\"_ _125\"> </span>855.3 <span class=\"_ _132\"> </span>1,121.1<span class=\"_ _92\"></span> </span>Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">102.5 <span class=\"_ _3\"> </span>179.1 <span class=\"_ _127\"> </span>281.7 </span>Change in the basis of consolidation <span class=\"_ _31\"> </span><span class=\"ls0 ws0\">37.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _de\"> </span>37.4 </span>Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">12.4 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>12.4 </span>Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _24c\"> </span>8.8 <span class=\"_ _61\"> </span>8.8 </span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.6 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>1.2 </span>Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">144.5 <span class=\"_ _125\"> </span>187.9 <span class=\"_ _3\"> </span><span class=\"ls31\">332.4 </span></span>Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">121.3 <span class=\"_ _125\"> </span>667.4 <span class=\"_ _3\"> </span>788.7 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">80.5 <span class=\"_ _3\"> </span>587.7 <span class=\"_ _127\"> </span>668.1<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>4.1.1  Intangible assets<span class=\"_ _333\"> </span> 251<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>4.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 wsb31\">Property<span class=\"_ _80\"></span>, plant and equipment</span><span class=\"ls101 wsb31\"> </span>Property, plan<span class=\"_ _92\"></span>t and equipment is measur<span class=\"_ _92\"></span>ed at cost (including decommissioning an<span class=\"_ _92\"></span>d dismantling costs required to be c<span class=\"_ _92\"></span>apitalised) less<span class=\"lsbc wsb32\"> straight-line depreciation and any <span class=\"ls6d wsb33\">impairment los<span class=\"_ _92\"></span>ses. In addition to </span></span>direct ma<span class=\"_ _92\"></span>terial and production costs<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> the cost of in<span class=\"_ _92\"></span>ternally manufactur<span class=\"_ _92\"></span>ed plant and equipment also includes appropriate indirect ma<span class=\"ls6b ws398\">t<span class=\"_ _92\"></span>erial and production costs<span class=\"_ _92\"></span>. Borrowing costs ar<span class=\"_ _92\"></span>e capitalised for </span>qualifying assets<span class=\"_ _92\"></span>. VERBUND\u2019<span class=\"_ _14\"></span>s aver<span class=\"_ _92\"></span>age monthly borr<span class=\"_ _92\"></span>owing costs in the 2022 r<span class=\"_ _92\"></span>eporting period were around 1.7 % (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: around 1.9 %).<span class=\"_ _333\"> </span>Depreciation<span class=\"_ _92\"></span> charges on deprecia<span class=\"_ _92\"></span>ble property, plant and equipm<span class=\"_ _92\"></span>ent are based on the expect<span class=\"_ _92\"></span>ed useful lives of its components. Specifically, the following<span class=\"_ _43\"></span> useful lives are applied:  Useful life In year<span class=\"_ _92\"></span>s Residential, office, plant and other plant facilities <span class=\"_ _e1\"> </span><span class=\"ls0 ws0\">10\u2013<span class=\"fsa\"> </span>50 </span>Hydroplant buildings <span class=\"_ _26d\"> </span><span class=\"ls0 ws0\">20\u2013<span class=\"fsa\"> </span>100 </span>Gas pipelines <span class=\"_ _26e\"> </span><span class=\"ls0 ws0\">30 </span>Machinery <span class=\"_ _26f\"> </span><span class=\"ls0\">10\u2013<span class=\"fsa\"> </span>80 </span>Electrical installations <span class=\"_ _270\"> </span><span class=\"ls0 ws0\">3\u2013<span class=\"fsa\"> </span>50 </span>P<span class=\"_ _92\"></span>ower lines <span class=\"_ _271\"> </span><span class=\"ls0 ws0\">50 </span>Office and plant equipment<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ls0 ws0\">4\u2013<span class=\"fsa\"> </span>10  </span>The expected useful<span class=\"_ _92\"></span> life of hydro<span class=\"_ _92\"></span>power plants is determined independ<span class=\"_ _92\"></span>ently from the t<span class=\"_ _92\"></span>erms of water rights permits<span class=\"_ _92\"></span> because it is pr<span class=\"_ _92\"></span>esumed that these <span class=\"_ _92\"></span>pe<span class=\"ls74 ws111\">rmits will be reissu<span class=\"_ _92\"></span>ed when they expire<span class=\"_ _92\"></span>. Based on </span>experience, this<span class=\"_ _92\"></span> also applies for those Bav<span class=\"_ _92\"></span>arian run-of<span class=\"ls76 ws354\">-river power plants with existin<span class=\"_ _0\"></span>g reversi<span class=\"_ _92\"></span>on rights </span>for the benefit of the Fr<span class=\"_ _92\"></span>ee State of B<span class=\"_ _92\"></span>avaria. The expected useful<span class=\"_ _92\"></span> life of the Jochens<span class=\"_ _92\"></span>tein power plant on the Danube was also determined independently of the ex<span class=\"lsbc ws467\">isting obligation to r<span class=\"_ _92\"></span>eturn the power plant in 2050 </span>(see section <span class=\"_ _92\"></span>8.2 Non-curr<span class=\"_ _92\"></span>ent other liabilities), sin<span class=\"_ _92\"></span>ce it is expected that VERBU<span class=\"_ _92\"></span>ND will also be the owner and operator of the Jochenstein power pl<span class=\"ls78 ws184\">an<span class=\"_ _92\"></span>t on the Danube even after the year 2050. </span>In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _85\"></span>36, the r<span class=\"_ _92\"></span>ecoverability o<span class=\"_ _92\"></span>f property, plant and equipmen<span class=\"_ _92\"></span>t is tested when indicators o<span class=\"_ _92\"></span>f impairment are identified (see sect<span class=\"lsb4 ws2b6\">ion 4.4 Impairment of non-financial assets).</span><span class=\"lsb4 ws2b6\"> </span><span class=\"lsb4 ws2b6\"> </span>252 Property<span class=\"_ _14\"></span>, plant and equipment  <span class=\"_ _273\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1ae\"> </span><span class=\"ff2f fs0 ls21a wsb36\">Land and </span>buildings Machin- ery Electrical instal- lations Power lines Office and plant equip- ment Gas pipelines Plants under construc-<span class=\"_ _333\"> </span>tion and project<span class=\"_ _92\"></span>s Total 2022 <span class=\"_ _1\"> </span><span class=\"ls31\">  <span class=\"_ _fd\"> </span>  <span class=\"_ _23\"> </span>  <span class=\"_ _1c5\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _23\"> </span>  <span class=\"_ _fd\"> </span>  <span class=\"_ _2b\"> </span>  </span>Cost as at 1/1 <span class=\"_ _171\"> </span><span class=\"ls0 ws0\">7,992.8 <span class=\"_ _274\"> </span>4,893.6 <span class=\"_ _17a\"> </span>3,911.1 <span class=\"_ _216\"> </span>1,558.2 <span class=\"_ _1e\"> </span>251.7 <span class=\"_ _218\"> </span>760.8 <span class=\"_ _274\"> </span>1,367.9 <span class=\"_ _177\"> </span>20,735.9 </span>Additions from  business acquisitions <span class=\"_ _51\"> </span><span class=\"ls0 ws0\">77.3 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _1e\"> </span>618.8 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>5.9 <span class=\"_ _17\"> </span>702.0 </span>Additions <span class=\"_ _236\"> </span><span class=\"ls0\">140.3 <span class=\"_ _1e\"> </span>151.3 <span class=\"_ _1e2\"> </span>46.0 <span class=\"_ _37\"> </span>15.8 <span class=\"_ _1e2\"> </span>29.7 <span class=\"_ _22d\"> </span>10.7 <span class=\"_ _1e\"> </span>787.0 <span class=\"_ _d8\"> </span>1,180.9 </span>Disposals <span class=\"_ _7a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>8.0 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>48.4 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>48.6 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>7.3 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.7 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>125.5 </span>Reclassifications  <span class=\"_ _24c\"> </span><span class=\"ls0 ws0\">250.2 <span class=\"_ _1e\"> </span>162.5 <span class=\"_ _22d\"> </span>90.4 <span class=\"_ _a7\"> </span>105.0 <span class=\"_ _4d\"> </span>2.5 <span class=\"_ _147\"> </span>3.0 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>613.0 <span class=\"_ _e\"> </span>0.6 </span>Cost as at 31/12 <span class=\"_ _9a\"> </span><span class=\"ls18 ws0\">8,452.6 <span class=\"_ _175\"> </span>5,159.0 <span class=\"_ _175\"> </span>4,617.8 <span class=\"_ _21b\"> </span>1,672.4 <span class=\"_ _1e9\"> </span>276.6 <span class=\"_ _1e9\"> </span>767.9 <span class=\"_ _175\"> </span>1,547.8 <span class=\"_ _b0\"> </span>22,4<span class=\"_ _92\"></span>94.0 </span>Accumulated depreciation  as at 1/1 <span class=\"_ _35\"> </span><span class=\"ls0 ws0\">3,370.0 <span class=\"_ _274\"> </span>2,855.6 <span class=\"_ _17a\"> </span>2,450.2 <span class=\"_ _a\"> </span>854.9 <span class=\"_ _218\"> </span>175.1 <span class=\"_ _1e\"> </span>351.9 <span class=\"_ _147\"> </span>6.2 <span class=\"_ _276\"> </span>10,063.8 </span>Additions from  business acquisitions <span class=\"_ _56\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _1e\"> </span>285.0 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _17\"> </span>285.0 </span>Depreciation <span class=\"_ _16f\"> </span><span class=\"ls0\">109.1 <span class=\"_ _1e\"> </span>113.6 <span class=\"_ _218\"> </span>129.7 <span class=\"_ _37\"> </span>32.3 <span class=\"_ _1e2\"> </span>19.5 <span class=\"_ _22d\"> </span>26.1 <span class=\"_ _147\"> </span>5.9 <span class=\"_ _17\"> </span>436.2 </span>Impairment losses <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">25.3 <span class=\"_ _4d\"> </span>0.3 <span class=\"_ _1e2\"> </span>30.6 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _147\"> </span>1.4 <span class=\"_ _147\"> </span>5.0 <span class=\"_ _b\"> </span>62.8 </span>Reversals of  impairment losses <span class=\"_ _9d\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.2 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>85.9 <span class=\"_ _a8\"> </span>\u2013<span class=\"fsa\"> </span>20.4 <span class=\"_ _a9\"> </span>\u2013<span class=\"fsa\"> </span>4.7 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>129.2 </span>Disposals <span class=\"_ _7a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>34.7 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>43.4 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>5.6 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.8 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.3 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>101.3 </span>Reclassifications  <span class=\"_ _ba\"> </span><span class=\"ls0 ws0\">87.0 <span class=\"_ _147\"> </span>5.3 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>87.0 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _4d\"> </span>0.1 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>5.3 <span class=\"_ _e\"> </span>0.1 </span>Accumulated depreciation  as at 31/12 <span class=\"_ _20a\"> </span><span class=\"ls18 ws0\">3,568.7 <span class=\"_ _183\"> </span>2,854.2 <span class=\"_ _175\"> </span>2,744.8<span class=\"_ _92\"></span> <span class=\"_ _16d\"> </span>876.9 <span class=\"_ _1e9\"> </span>187.9 <span class=\"_ _1e9\"> </span><span class=\"ls31\">373.2 <span class=\"_ _17c\"> </span></span>11.9 <span class=\"_ _b0\"> </span>10,6<span class=\"_ _92\"></span>17.5 </span>Net carrying amount  as at 31/12 <span class=\"_ _20a\"> </span><span class=\"ls18 ws0\">4,883.9 <span class=\"_ _183\"> </span>2,304.8 <span class=\"_ _175\"> </span>1,873.1 <span class=\"_ _151\"> </span>795.5 <span class=\"_ _21d\"> </span>88.7 <span class=\"_ _1e9\"> </span>394.6 <span class=\"_ _175\"> </span>1,535.9 <span class=\"_ _b0\"> </span>11,876.5<span class=\"_ _92\"></span> </span>Net carrying amount  as at 1/1 <span class=\"_ _35\"> </span><span class=\"ls0 ws0\">4,622.8 <span class=\"_ _274\"> </span>2,038.0 <span class=\"_ _17a\"> </span>1,461.0 <span class=\"_ _a\"> </span>703.3 <span class=\"_ _1e2\"> </span>76.5 <span class=\"_ _1e\"> </span>408.9 <span class=\"_ _17a\"> </span>1,361.6 <span class=\"_ _276\"> </span>10,672.1<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>4.2.1  Property<span class=\"_ _14\"></span>, plant and equipment  253<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Property<span class=\"_ _14\"></span>, plant and equipment  <span class=\"_ _1c7\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _b2\"> </span><span class=\"ff2f fs0 ls21a wsb36\">Land and </span>buildings Machin- ery Electrical instal- lations Power lines Office and plant equip- ment Gas pipelines Plants under construc-<span class=\"_ _43\"></span> tion and projects Total 2021 <span class=\"_ _1ec\"> </span><span class=\"ls31\">  <span class=\"_ _68\"> </span>  <span class=\"_ _10f\"> </span>  <span class=\"_ _2c\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _10f\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _119\"> </span>  </span>Cost as at 1/1 <span class=\"_ _47\"> </span><span class=\"ls0 ws0\">7,788.3 <span class=\"_ _d8\"> </span>4,603.6 <span class=\"_ _180\"> </span>3,696.2 <span class=\"_ _170\"> </span>1,535.9 <span class=\"_ _1e6\"> </span>202.8 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e6\"> </span>856.5 <span class=\"_ _22b\"> </span>18,683.0 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _b4\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _94\"> </span>\u2013<span class=\"fsa\"> </span>5.1 </span>Additions from  business acquisitions <span class=\"_ _10d\"> </span><span class=\"ls0 ws0\">149.1 <span class=\"_ _1e6\"> </span>182.6 <span class=\"_ _190\"> </span>7.8 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _1e6\"> </span>187.8 <span class=\"_ _1e6\"> </span>754.5 <span class=\"_ _5d\"> </span>39.3 <span class=\"_ _219\"> </span>1,321.0 </span>Additions <span class=\"_ _1d8\"> </span><span class=\"ls0\">21.6 <span class=\"_ _5d\"> </span>32.9 <span class=\"_ _5d\"> </span>65.9 <span class=\"_ _185\"> </span>19.4 <span class=\"_ _1e5\"> </span>21.2 <span class=\"_ _5d\"> </span>10.7 <span class=\"_ _c\"> </span>671.2 <span class=\"_ _16d\"> </span>842.8 </span>Disposals <span class=\"_ _277\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>33.4 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>51.6 <span class=\"_ _37\"> </span>\u2013<span class=\"fsa\"> </span>0.9 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>8.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.6 <span class=\"_ _170\"> </span>\u2013<span class=\"fsa\"> </span>105.3 </span>Reclassifications  <span class=\"_ _16e\"> </span><span class=\"ls0 ws0\">44.3 <span class=\"_ _1e6\"> </span>112.5 <span class=\"_ _1e6\"> </span>193.0 <span class=\"_ _8\"> </span>3.8 <span class=\"_ _21a\"> </span>\u2013<span class=\"fsa\"> </span>151.6 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>4.1 <span class=\"_ _21a\"> </span>\u2013<span class=\"fsa\"> </span>198.4 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span>Cost as at 31/12 <span class=\"_ _50\"> </span><span class=\"ls18 ws0\">7,992.8 <span class=\"_ _bc\"> </span>4,893.6 <span class=\"_ _bc\"> </span>3,911.1 <span class=\"_ _219\"> </span>1,558.2 <span class=\"_ _218\"> </span>251.7 <span class=\"_ _218\"> </span>760.8 <span class=\"_ _bc\"> </span>1,367.9 <span class=\"_ _177\"> </span>20,735.9 </span>Accumulated depreciation  as at 1/1 <span class=\"_ _24b\"> </span><span class=\"ls0 ws0\">3,280.5 <span class=\"_ _180\"> </span>2,675.6 <span class=\"_ _d8\"> </span>2,343.9 <span class=\"_ _21d\"> </span>825.8 <span class=\"_ _c\"> </span>149.4 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _e\"> </span>0.3 <span class=\"_ _21a\"> </span>9,275.4 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _277\"> </span><span class=\"ls0\">0.0 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>2.3 </span>Change in the basis of consolidation <span class=\"_ _20a\"> </span><span class=\"ls0\">48.8 <span class=\"_ _1e6\"> </span>101.4 <span class=\"_ _190\"> </span>0.2 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _1e6\"> </span>130.3 <span class=\"_ _1e6\"> </span>341.9 <span class=\"_ _190\"> </span>1.9 <span class=\"_ _16d\"> </span>624.5 </span>Depreciation <span class=\"_ _19f\"> </span><span class=\"ls0\">96.2 <span class=\"_ _1e5\"> </span>98.7 <span class=\"_ _1e6\"> </span>121.9 <span class=\"_ _185\"> </span>30.1 <span class=\"_ _5d\"> </span>13.6 <span class=\"_ _1e5\"> </span>14.8 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _16d\"> </span>375.3 </span>Impairment losses <span class=\"_ _24c\"> </span><span class=\"ls0 ws0\">0.3 <span class=\"_ _4d\"> </span>0.2 <span class=\"_ _190\"> </span>0.1 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.5 <span class=\"_ _5\"> </span>1.1 </span>Reversals of  impairment losses <span class=\"_ _125\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>46.4 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>53.1 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>9.3 <span class=\"_ _1e8\"> </span>\u2013<span class=\"fsa\"> </span>1.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _170\"> </span>\u2013<span class=\"fsa\"> </span>110.2 </span>Disposals <span class=\"_ _277\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>9.5 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>30.6 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>51.0 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>8.4 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e7\"> </span>\u2013<span class=\"fsa\"> </span>99.8 </span>Reclassifications  <span class=\"_ _1da\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _5d\"> </span>65.8 <span class=\"_ _1e5\"> </span>44.5 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _21b\"> </span>\u2013<span class=\"fsa\"> </span>109.8 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _190\"> </span>3.9 <span class=\"_ _5\"> </span>0.0 </span>Accumulated depreciation  as at 31/12 <span class=\"_ _fe\"> </span><span class=\"ls35 ws0\">3,370.0 <span class=\"_ _17a\"> </span><span class=\"ls18\">2,85<span class=\"_ _92\"></span>5.6 <span class=\"_ _17a\"> </span>2,45<span class=\"_ _92\"></span>0.2 <span class=\"_ _a7\"> </span>854.9 <span class=\"_ _218\"> </span>175.1 <span class=\"_ _218\"> </span>351.9 <span class=\"_ _147\"> </span>6.2 <span class=\"_ _177\"> </span>10,063.8 </span></span>Net carrying amount  as at 31/12 <span class=\"_ _fe\"> </span><span class=\"ls18 ws0\">4,622.8<span class=\"_ _92\"></span> <span class=\"_ _17a\"> </span>2,038.<span class=\"_ _92\"></span>0 <span class=\"_ _17a\"> </span>1,461.<span class=\"_ _92\"></span>0 <span class=\"_ _a\"> </span><span class=\"ls31\">703.3 <span class=\"_ _1e2\"> </span></span>76.5 <span class=\"_ _218\"> </span>408.9 <span class=\"_ _278\"> </span>1,361.6 <span class=\"_ _177\"> </span>10,672.<span class=\"_ _92\"></span>1 </span>Net carrying amount  as at 1/1 <span class=\"_ _24b\"> </span><span class=\"ls0 ws0\">4,507.8 <span class=\"_ _180\"> </span>1,928.0 <span class=\"_ _d8\"> </span>1,352.3 <span class=\"_ _21d\"> </span>710.1 <span class=\"_ _1e5\"> </span>53.4 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _c\"> </span>856.2 <span class=\"_ _21a\"> </span>9,407.6<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>254 Additions <span class=\"_ _279\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>380-kV Salzburg line <span class=\"_ _23d\"> </span><span class=\"fc4 ls0 ws0\">166.2 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">164.8 </span></span>Kaprun\u2013Limberg III<span class=\"_ _92\"></span> power plant <span class=\"_ _27a\"> </span><span class=\"fc4 ls0 ws0\">41.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">152.3 </span></span>Wind pro<span class=\"_ _92\"></span>jects under construction <span class=\"_ _122\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">145.2 </span></span>Buseco wind turbines <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">84.1 </span></span>Battery storag<span class=\"_ _92\"></span>e <span class=\"_ _27b\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">58.5 </span></span>T<span class=\"_ _14\"></span>\u00f6ging pow<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r plant <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">78.4 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">55.6 </span></span>Reschenpass line <span class=\"_ _273\"> </span><span class=\"fc4 ls0 ws0\">17.1 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.3 </span></span>General ov<span class=\"_ _92\"></span>erhaul of substations <span class=\"_ _27c\"> </span><span class=\"fc4 ls0 ws0\">14.3 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">36.4 </span></span>W<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>inviertel grid area <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">59.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">30.1 </span></span>Rei\u00dfeck pumping station <span class=\"_ _27d\"> </span><span class=\"fc4 ls0 ws0\">21.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">22.0 </span></span>Automation of hy<span class=\"_ _92\"></span>dropower plants<span class=\"_ _92\"></span> <span class=\"_ _1ee\"> </span><span class=\"fc4 ls0 ws0\">13.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">18.7 </span></span>Optimised new construc<span class=\"_ _92\"></span>tion of the primary supply system nodes <span class=\"_ _6e\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">16.7 </span></span>General line/switching <span class=\"ls62 ws64\">station reno<span class=\"_ _92\"></span>vations  <span class=\"_ _27e\"> </span><span class=\"fc4 ls0 ws0\">15.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">16.2 </span></span></span>Photovoltaic instal<span class=\"_ _92\"></span>lation Lusitania <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0 ls18\">16.0 </span></span>Construction of Gratkorn po<span class=\"_ _92\"></span>wer plant  <span class=\"_ _4\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">15.4 </span></span>V<span class=\"_ _92\"></span>arious structural measures at hydr<span class=\"_ _92\"></span>opower plants <span class=\"_ _118\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.5 </span></span>Gerlos power plan<span class=\"_ _92\"></span>t modernisation <span class=\"_ _27f\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.2 </span></span>Malta pow<span class=\"_ _92\"></span>er plant increase in efficiency <span class=\"_ _e6\"> </span><span class=\"fc4 ls0 ws0\">28.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Y<span class=\"_ _333\"> </span>bbs pow<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r plant modernisation <span class=\"_ _27f\"> </span><span class=\"fc4 ls0 ws0\">13.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Efficiency increase of Kaprun pow<span class=\"_ _92\"></span>er plant <span class=\"_ _107\"> </span><span class=\"fc4 ls0 ws0\">11.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>P<span class=\"_ _92\"></span>ower plant Ottensheim efficiency i<span class=\"_ _92\"></span>ncrease <span class=\"_ _18\"> </span><span class=\"fc4 ls0 ws0\">9.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Other additions (&lt; \u20ac10.0m)<span class=\"_ _92\"></span> <span class=\"_ _13f\"> </span><span class=\"fc4 ls0 ws0\">352.4 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">286.9 </span></span>T<span class=\"_ _14\"></span>otal additions to property<span class=\"_ _92\"></span>, plant a<span class=\"_ _43\"></span>nd equipment <span class=\"_ _a1\"> </span><span class=\"fc4 ls18 ws0\">842.8 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,180.9</span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span>Gov<span class=\"_ _92\"></span>ernment grants Governmen<span class=\"_ _92\"></span>t investment gr<span class=\"_ _92\"></span>ants do not reduce <span class=\"_ _92\"></span>the cost of assets for<span class=\"_ _92\"></span> which they were gr<span class=\"_ _92\"></span>anted, but inste<span class=\"_ _92\"></span>ad lead to the r<span class=\"_ _92\"></span>ecognition of an item of deferr<span class=\"_ _92\"></span>ed income in the amount of thei<span class=\"_ _92\"></span>r fair value. The deferr<span class=\"_ _92\"></span>ed income is rever<span class=\"_ _92\"></span>sed to profit or loss o<span class=\"_ _92\"></span>ver the expected useful life of the r<span class=\"_ _92\"></span>espective asset. Contributions to building costs Contributions to buildin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> costs, in particular tho<span class=\"_ _92\"></span>se provided by pro<span class=\"_ _92\"></span>vincial energy companies enti<span class=\"_ _92\"></span>tled to purchas<span class=\"_ _92\"></span>e electricity, for example for power<span class=\"_ _92\"></span> plant projects<span class=\"_ _92\"></span>, lead to the recognition<span class=\"_ _92\"></span> of a liability. With the payment o<span class=\"_ _92\"></span>f the contribution to building cos<span class=\"_ _92\"></span>ts, the en<span class=\"ls9a ws3dd\">tities e<span class=\"_ _92\"></span>ntitled to purch<span class=\"_ _92\"></span>ase electricity receive the </span>opportunity to<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>purchas<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> a volume of electricity equal<span class=\"_ _92\"></span> to their share in<span class=\"_ _92\"></span> exchange for r<span class=\"_ _92\"></span>eimbursement of<span class=\"_ _92\"></span> the production<span class=\"_ _92\"></span> costs. The liability is<span class=\"_ _92\"></span> therefore r<span class=\"_ _92\"></span>eversed to profit or l<span class=\"_ _92\"></span>oss under revenue either<span class=\"_ _92\"></span> over the contract<span class=\"_ _92\"></span>ual term or (for lack of such)<span class=\"_ _92\"></span> over the useful life o<span class=\"_ _92\"></span>f the plant. The<span class=\"_ _92\"></span> amount reversed t<span class=\"_ _92\"></span>o revenue was \u20ac26.5m (pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: \u20ac25.1m) in the r<span class=\"_ _92\"></span>eporting period.  255<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Contributions t<span class=\"_ _92\"></span>o building costs and gr<span class=\"_ _92\"></span>ants <span class=\"_ _cb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Contributions to building costs <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">744.1 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">744.7 </span></span>Government gran<span class=\"_ _92\"></span>ts <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">44.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">46.4 </span></span>Contributions to building costs and grants <span class=\"_ _c0\"> </span><span class=\"fc4 ls18 ws0\">788.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">791.</span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\">2</span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span>4.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1d3\">Leases </span>VERBUND\u2019<span class=\"_ _14\"></span>s leases include m<span class=\"_ _92\"></span>ainly arrangements r<span class=\"_ _92\"></span>egarding the pr<span class=\"_ _92\"></span>ovision of power<span class=\"_ _92\"></span> plants, buildings<span class=\"_ _92\"></span>, land, power lines and vehicles. Initial recognition of leases At the inception<span class=\"_ _92\"></span> of a contract, VERBUND as<span class=\"_ _92\"></span>sesses whethe<span class=\"ls22f ws0\">r<span class=\"_ _14\"></span> t<span class=\"_ _14\"></span>h<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _14\"></span>o<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span>r<span class=\"_ _14\"></span>a<span class=\"_ _14\"></span>c<span class=\"_ _14\"></span>t<span class=\"_ _92\"></span> i<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> o<span class=\"_ _14\"></span>r<span class=\"_ _14\"></span> c<span class=\"_ _14\"></span>o<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span>a<span class=\"_ _14\"></span>i<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> a<span class=\"_ _14\"></span> l<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>a<span class=\"_ _92\"></span>s<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>.<span class=\"_ _14\"></span> I<span class=\"_ _14\"></span>f<span class=\"_ _14\"></span> i<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span> i<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> a<span class=\"_ _92\"></span> </span>lease, a righ<span class=\"_ _92\"></span>t-of-use asset is capitalised at the com<span class=\"_ _92\"></span>mencement date and a lease liab<span class=\"_ _92\"></span>ility is recognised. The amoun<span class=\"_ _0\"></span>t of the righ<span class=\"_ _92\"></span>t-of-use asset when the contr<span class=\"_ _92\"></span>act is first recognised correspo<span class=\"_ _92\"></span>nds to the amount of the lease lia<span class=\"_ _92\"></span>bility, adjusted, amon<span class=\"_ _92\"></span>g other things, fo<span class=\"_ _92\"></span>r any direct costs on th<span class=\"_ _92\"></span>e part of the lessee<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> advance paymen<span class=\"_ _92\"></span>ts, lease incentives or<span class=\"_ _92\"></span> dismantling oblig<span class=\"_ _92\"></span>ations. The c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount of the le<span class=\"_ _92\"></span>ase liability is derived by discounting t<span class=\"_ _92\"></span>he lease payments ex<span class=\"_ _92\"></span>pected <span class=\"ls88 wsb6\">during the term of the lease<span class=\"_ _92\"></span>, expected payments<span class=\"_ _92\"></span> </span>from r<span class=\"_ _92\"></span>esidual value guarantee<span class=\"_ _92\"></span>s, exercise prices for pur<span class=\"_ _92\"></span>chase options (if it is reaso<span class=\"_ _92\"></span>nably likely that the option will be exer<span class=\"_ _92\"></span>cised) and the payment of<span class=\"_ _92\"></span> any penalties for<span class=\"_ _92\"></span> the early termination<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>of the contr<span class=\"_ _92\"></span>act <span class=\"_ _80\"></span> (if it is likely that th<span class=\"_ _43\"></span>e lease will be<span class=\"_ _43\"></span> terminated early<span class=\"_ _43\"></span><span class=\"ls76 ws1cb\">). The carrying amount is discou<span class=\"_ _92\"></span>nted at the inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st </span>rate implicit in the lease if that<span class=\"lsa4 wsaec\"> rate can be r<span class=\"_ _92\"></span>eadily<span class=\"_ _43\"></span> determine<span class=\"_ _43\"></span>d. Other<span class=\"_ _43\"></span>wis<span class=\"_ _43\"></span>e, the carr<span class=\"_ _43\"></span>ying amount is </span>discounted based on VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s incremental<span class=\"_ _92\"></span> borrowing rate<span class=\"_ _92\"></span>.  Determin<span class=\"_ _43\"></span>ation of the term of lease<span class=\"_ _43\"></span>s Determining the t<span class=\"_ _92\"></span>erm of a lease when a clear fixed term has no<span class=\"_ _92\"></span>t been agreed in advance can be fr<span class=\"_ _92\"></span>aught with measur<span class=\"_ _92\"></span>ement uncertainties<span class=\"_ _92\"></span>. All facts and circumstances <span class=\"_ _92\"></span>that repr<span class=\"_ _92\"></span>esent an economic incen<span class=\"_ _92\"></span>tive for the exercise of a renewal option and/or th<span class=\"_ _43\"></span>e non-exercise of a termination opt<span class=\"_ _43\"></span>ion are taken into account when determining the t<span class=\"_ _92\"></span>erm. For land<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>leases in particular<span class=\"_ _14\"></span>, cont<span class=\"_ _92\"></span>racts are freque<span class=\"_ _92\"></span>ntly concluded for as long as the leased power<span class=\"_ _92\"></span> plant or line is expected to contin<span class=\"_ _92\"></span>ue to function at its presen<span class=\"_ _92\"></span>t level or in the form of an indefinite lease<span class=\"_ _92\"></span>. In these cases, the pr<span class=\"_ _92\"></span>esumed dura<span class=\"ls76 ws7e\">tion<span class=\"_ _92\"></span> of the lease is oriented on the expect<span class=\"_ _92\"></span>ed useful </span>life of the po<span class=\"_ _92\"></span>wer plant or line<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span>Subsequent measurement of leases The right-of-use as<span class=\"_ _92\"></span>set is depreciated syst<span class=\"_ _92\"></span>ematically based on the short<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r period of the useful l<span class=\"_ _92\"></span>ife of the asset or the r<span class=\"_ _92\"></span>emaining term o<span class=\"_ _0\"></span>f the lease<span class=\"_ _92\"></span>. The lease liability is<span class=\"_ _92\"></span> marked up for accruing i<span class=\"_ _92\"></span>nterest and reduced by le<span class=\"_ _92\"></span>ase payments<span class=\"_ _92\"></span>.  4.2.2  Contributions to building costs and grants<span class=\"_ _333\"> </span><span class=\"_ _92\"></span> 256 Right<span class=\"_ _92\"></span>-of-use assets <span class=\"_ _44\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _45\"> </span><span class=\"ls31\">\u20acm </span></span>Land and buildings Electrical installations P<span class=\"_ _92\"></span>ower lines Operating and office equipment To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> As at 1/1/2022 <span class=\"_ _1a2\"> </span><span class=\"ls0 ws0\">73.1 <span class=\"_ _3\"> </span>7.7 <span class=\"_ _69\"> </span>19.5 <span class=\"_ _3\"> </span>3.6 <span class=\"_ _66\"> </span>103.8 </span>Additions from  business acquisition <span class=\"_ _181\"> </span><span class=\"ls0 ws0\">13.4 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _6a\"> </span>13.4 </span>Additions <span class=\"_ _280\"> </span><span class=\"ls0\">35.6 <span class=\"_ _3\"> </span>2.1 <span class=\"_ _3\"> </span>0.6 <span class=\"_ _53\"> </span>2.5 <span class=\"_ _15f\"> </span>40.7 </span>Depreciation <span class=\"_ _168\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>7.5 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>9.7 </span>Disposals <span class=\"_ _f8\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _69\"> </span>\u2013<span class=\"fsa\"> </span>1.6 </span>As at 31/12/20<span class=\"_ _43\"></span>22 <span class=\"_ _281\"> </span><span class=\"ls49 ws0\">113.1 <span class=\"_ _53\"> </span><span class=\"ls18\">9.2 <span class=\"_ _59\"> </span>20.0 <span class=\"_ _53\"> </span>4.4 <span class=\"_ _26\"> </span>146.6 </span></span>Right<span class=\"_ _92\"></span>-of-use assets <span class=\"_ _44\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _45\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1a5\"> </span><span class=\"ls61 ws20\">Land and </span>buildings Electrical installations P<span class=\"_ _92\"></span>ower lines <span class=\"_ _b0\"> </span><span class=\"lscc ws1d\">Operating and </span>office equipment To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> As at 1/1/2021 <span class=\"_ _1a2\"> </span><span class=\"ls0 ws0\">85.9 <span class=\"_ _3\"> </span>7.8 <span class=\"_ _69\"> </span>14.0 <span class=\"_ _3\"> </span>3.0 <span class=\"_ _66\"> </span>110.7 </span>Additions from  business acquisition <span class=\"_ _281\"> </span><span class=\"ls0 ws0\">3.3 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>3.3 </span>Additions <span class=\"_ _280\"> </span><span class=\"ls0\">12.3 <span class=\"_ _3\"> </span>0.4 <span class=\"_ _3\"> </span>5.5 <span class=\"_ _53\"> </span>2.0 <span class=\"_ _15f\"> </span>20.3 </span>Depreciation <span class=\"_ _234\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>27.7 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.4 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>29.6 </span>Disposals <span class=\"_ _f8\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.7 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _69\"> </span>\u2013<span class=\"fsa\"> </span>0.7 </span>As at 31/12/20<span class=\"_ _43\"></span>21 <span class=\"_ _156\"> </span><span class=\"ls49 ws0\">73.1 <span class=\"_ _53\"> </span><span class=\"ls18\">7.7 <span class=\"_ _59\"> </span>19.5 <span class=\"_ _53\"> </span><span class=\"ls31\">3.6 <span class=\"_ _2c\"> </span></span></span>103.8 </span>Amounts f<span class=\"_ _92\"></span>rom leases rec<span class=\"_ _92\"></span>ognised in prof<span class=\"_ _92\"></span>it or loss <span class=\"_ _1a4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Expenses from unwinding of th<span class=\"ls5d ws5e\">e discount of lease liability <span class=\"_ _194\"> </span><span class=\"fc4 ls0 ws0\">1.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">1.3 </span></span></span>V<span class=\"_ _92\"></span>ariable lease payments that w<span class=\"_ _92\"></span>ere no<span class=\"ls1d ws1e\">t recognised in the lease liability <span class=\"_ _1ad\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span></span>Expenses from short-term le<span class=\"_ _92\"></span>ases<span class=\"_ _333\"> </span>1 <span class=\"_ _19b\"> </span><span class=\"fc4\">9.2 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">56.7 </span>Expenses from underlying assets of lo<span class=\"_ _92\"></span>w value <span class=\"_ _282\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span>1 mainly relates t<span class=\"_ _43\"></span>o short-term c<span class=\"_ _43\"></span>ongestion man<span class=\"_ _43\"></span>agement cont<span class=\"_ _43\"></span>racts. <span class=\"lsce ws261\">Th<span class=\"_ _43\"></span>ese contracts<span class=\"_ _43\"></span> serve to secur<span class=\"_ _43\"></span>e reserve capacit<span class=\"_ _43\"></span>y that can be cal<span class=\"_ _43\"></span>led up in the ev<span class=\"_ _43\"></span>ent of congesti<span class=\"_ _43\"></span>on. </span>V<span class=\"_ _14\"></span>ariable paymen<span class=\"_ _92\"></span>ts that are no<span class=\"_ _92\"></span>t factored into the me<span class=\"_ _92\"></span>asurement o<span class=\"_ _92\"></span>f the lease liability in accor<span class=\"_ _92\"></span>dance with IFRS <span class=\"_ _92\"></span>16 relat<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> in particular to<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>lease contr<span class=\"_ _92\"></span>acts for wind farms in Austria<span class=\"_ _92\"></span>. Such payments ar<span class=\"_ _92\"></span>e expected in subsequent years in a similar volume as in the reporting period.<span class=\"_ _43\"></span>  Expected cash outflows as<span class=\"_ _92\"></span> at 31/12/2022 <span class=\"_ _209\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _133\"> </span>  <span class=\"_ _9d\"> </span>  <span class=\"_ _6c\"> </span><span class=\"ls31\">\u20acm </span></span>Maturity <span class=\"_ _210\"> </span><span class=\"ff2f ls18\">20<span class=\"_ _92\"></span>23 <span class=\"_ _24\"> </span>2024 <span class=\"_ _bc\"> </span>2025\u2013<span class=\"fsa ls0\"> </span><span class=\"ls17\">2027 <span class=\"_ _187\"> </span><span class=\"ls1ab wsb39\">from 2028 </span></span></span>Lease liabilities <span class=\"_ _cf\"> </span>12.2 <span class=\"_ _5a\"> </span>11.7 <span class=\"_ _5a\"> </span>27.8 <span class=\"_ _4f\"> </span>97.2 Cash outflows on liabilities <span class=\"ls62 ws90e\">in accordance with IFRS 7 <span class=\"_ _119\"> </span><span class=\"ls18 ws0\">12.2 <span class=\"_ _2b\"> </span>11.7 <span class=\"_ _2b\"> </span>27.8 <span class=\"_ _5a\"> </span>97.2</span></span><span class=\"ls62 ws90e\"><span class=\"ls18 ws0\"> </span></span>257<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Expected cash outflows as<span class=\"_ _92\"></span> at 31/12/2021 <span class=\"_ _214\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _9d\"> </span>  <span class=\"_ _133\"> </span>  <span class=\"_ _6c\"> </span><span class=\"ls31\">\u20acm </span></span>Maturity <span class=\"_ _210\"> </span><span class=\"ff2f ls18\">2022 <span class=\"_ _1c\"> </span>2023 <span class=\"_ _278\"> </span>2024\u2013<span class=\"fsa ls0\"> </span><span class=\"ls17\">2026 <span class=\"_ _17f\"> </span><span class=\"ls1ab wsb39\">fr<span class=\"_ _92\"></span>om 2027 </span></span></span>Lease liabilities <span class=\"_ _f4\"> </span>9.3 <span class=\"_ _f3\"> </span>8.2 <span class=\"_ _5a\"> </span>17.2 <span class=\"_ _1c5\"> </span>78.4 Cash outflows on liabilities <span class=\"ls62 ws90e\">in accordance with IFRS 7 <span class=\"_ _5b\"> </span><span class=\"ls31 ws0\">9.3 <span class=\"_ _f3\"> </span><span class=\"ls18\">8.2 <span class=\"_ _2b\"> </span>17.2 <span class=\"_ _119\"> </span>78.4</span></span></span><span class=\"ls62 ws90e\"><span class=\"ls31 ws0\"><span class=\"ls18\"> </span></span></span>4.4<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span><span class=\"ff2a wsb3a\">Recov<span class=\"_ _92\"></span>erability of non-financial assets </span></span>Recove<span class=\"_ _92\"></span>rability of intangible assets<span class=\"lsb0 ws22e\"> and property<span class=\"_ _92\"></span>, plant and equipment </span>Under IAS <span class=\"_ _86\"></span>36, the carrying amoun<span class=\"_ _92\"></span>ts, in particular<span class=\"_ _14\"></span>, of in<span class=\"_ _92\"></span>tangible assets and pro<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>erty, plant an<span class=\"_ _92\"></span>d equipment ar<span class=\"_ _92\"></span>e tested for impairment if ther<span class=\"_ _92\"></span>e are indications th<span class=\"_ _92\"></span>ereof. An impairm<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nt test is to be<span class=\"_ _92\"></span> conducted at least o<span class=\"_ _92\"></span>nce per year for goodwill, intangible assets with an<span class=\"_ _92\"></span> indefinite useful life and intangible assets th<span class=\"_ _92\"></span>at are not y<span class=\"_ _92\"></span>et available for<span class=\"_ _92\"></span> use (see section 4.4.1 Impairment testing of goo<span class=\"_ _92\"></span>dwill).<span class=\"_ _333\"> </span>Determination<span class=\"_ _92\"></span> of the discount ra<span class=\"_ _92\"></span>te The discount r<span class=\"_ _92\"></span>ate is an after-tax int<span class=\"_ _92\"></span>erest rate <span class=\"_ _92\"></span>that reflects cu<span class=\"_ _92\"></span>rrent mark<span class=\"_ _92\"></span>et estimates<span class=\"_ _92\"></span>, the time value of<span class=\"_ _92\"></span> money and the specific risks associa<span class=\"_ _92\"></span>ted with the asset (<span class=\"_ _92\"></span>or cash-generating unit<span class=\"_ _92\"></span>). The correspondin<span class=\"_ _92\"></span>g pre-<span class=\"_ _333\"> </span>tax inter<span class=\"_ _92\"></span>est rate is determined iter<span class=\"_ _92\"></span>atively.  The weighted a<span class=\"_ _92\"></span>verage c<span class=\"_ _92\"></span>apital costs (W<span class=\"_ _14\"></span>ACC) are applied to determi<span class=\"_ _92\"></span>ne recovera<span class=\"_ _92\"></span>ble amounts using net presen<span class=\"_ _92\"></span>t value methods. T<span class=\"_ _92\"></span>he weighting of the r<span class=\"_ _92\"></span>eturn on equity and the cost of de<span class=\"_ _92\"></span>bt was derived from an adequate peer gr<span class=\"_ _92\"></span>oup. T<span class=\"_ _92\"></span>he return on<span class=\"_ _92\"></span> equity is dete<span class=\"ls76 ws47d\">rmined from a refer<span class=\"_ _92\"></span>ence rat<span class=\"_ _92\"></span>e, market risk<span class=\"_ _92\"></span> premium </span>and beta factor using <span class=\"_ _92\"></span>the capital asset pricing model (CAPM). The co<span class=\"_ _92\"></span>st of debt before tax corr<span class=\"_ _92\"></span>esponds to the ret<span class=\"_ _92\"></span>urn on debt instruments tr<span class=\"_ _92\"></span>aded on the market <span class=\"ls75 wsa9d\">with a<span class=\"_ _92\"></span>n equivalent risk of default and matc<span class=\"_ _92\"></span>hing<span class=\"_ _43\"></span> </span>maturities<span class=\"_ _92\"></span>. Correspondin<span class=\"_ _92\"></span>g premiums are take<span class=\"_ _92\"></span>n into account in or<span class=\"_ _92\"></span>der to adequately depict coun<span class=\"_ _92\"></span>tr<span class=\"_ _43\"></span>y risks. In view of the v<span class=\"_ _92\"></span>olatile financial mar<span class=\"_ _92\"></span>ket environm<span class=\"_ _92\"></span>ent, the developmen<span class=\"_ _92\"></span>t of capital costs (and in particular country risk premiums) is un<span class=\"ls38 ws1a0\">der contin<span class=\"_ _92\"></span>uous<span class=\"_ _43\"></span> obser<span class=\"_ _43\"></span>vation<span class=\"_ _333\"> </span></span><span class=\"ls38 ws1a0\">.<span class=\"_ _333\"> </span></span><span class=\"ls38 ws1a0\"> </span>Determination of fair value F<span class=\"_ _92\"></span>air values ar<span class=\"_ _92\"></span>e to be determined primarily based on<span class=\"ls0 ws101\"> market prices and can, for example, be based on </span>existing binding pur<span class=\"_ _92\"></span>chase offers, secondary pricing on active m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>rkets or<span class=\"_ _92\"></span> comparable r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cent transactions within the<span class=\"_ _43\"></span> industry<span class=\"_ _43\"></span> according to the me<span class=\"ls99 ws54a\">asurement hierarch<span class=\"_ _92\"></span>y in IFR<span class=\"_ _43\"></span>S 13. If fair value cannot </span>be determined based on mar<span class=\"_ _92\"></span>ket prices, valuation t<span class=\"_ _92\"></span>echniques based on a net present valu<span class=\"_ _0\"></span>e appr<span class=\"_ _92\"></span>oach (d<span class=\"_ _92\"></span>iscounted cash flow method) ar<span class=\"_ _92\"></span>e used. Future in<span class=\"_ _92\"></span>vestments to enhanc<span class=\"_ _92\"></span>e or improve perform<span class=\"_ _92\"></span>ance and restructuring ex<span class=\"_ _92\"></span>penditures ar<span class=\"_ _92\"></span>e taken into account when<span class=\"_ _92\"></span> determining fair value<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> Price listings for<span class=\"_ _92\"></span> energy futures ar<span class=\"_ _92\"></span>e used in pricing as long as ther<span class=\"_ _0\"></span>e is a liquid mar<span class=\"_ _92\"></span>ket. Accordin<span class=\"_ _92\"></span>gly, the most recent price l<span class=\"_ _92\"></span>istings are applied t<span class=\"_ _92\"></span>o the price forecast of a r<span class=\"_ _92\"></span>eputable informa<span class=\"_ _0\"></span>tion service provider in the en<span class=\"_ _92\"></span>ergy market b<span class=\"_ _92\"></span>y means of linear interpolat<span class=\"_ _43\"></span>ion.  The excess fin<span class=\"_ _92\"></span>ancial return expected in the period aft<span class=\"_ _92\"></span>er the end of the applicability o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the price forec<span class=\"_ _92\"></span>asts in the energy marke<span class=\"_ _92\"></span>t (= terminal value phase) is tak<span class=\"_ _92\"></span>en into account by wa<span class=\"_ _92\"></span>y of terminal val<span class=\"_ _92\"></span>ue calculatio<span class=\"_ _92\"></span>n, whereby the c<span class=\"_ _92\"></span>alculation is based on an assump<span class=\"_ _92\"></span>tion that the excess fin<span class=\"_ _92\"></span>ancial return will grow<span class=\"_ _92\"></span> at a rate of 2 %.<span class=\"_ _333\"> </span>258 Determination of value in use As a rule, v<span class=\"_ _92\"></span>alue in use is determined using net pr<span class=\"_ _92\"></span>esent value method<span class=\"_ _92\"></span>s (discoun<span class=\"_ _92\"></span>ted cash flow method). Prices are d<span class=\"_ _92\"></span>etermined using price listings for<span class=\"_ _92\"></span> energy futures an<span class=\"_ _92\"></span>d the VERBUND Outloo<span class=\"_ _92\"></span>k model. VERBUND Out<span class=\"_ _92\"></span>look is an energy simula<span class=\"_ _92\"></span>tion tool for the developmen<span class=\"_ _92\"></span>t of medium- and long-term electricity and nat<span class=\"_ _92\"></span>ural gas price scenarios fo<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>energy mark<span class=\"_ _92\"></span>ets. Cash fl<span class=\"_ _92\"></span>ows are gener<span class=\"_ _92\"></span>ally derived from the recent medium-term plans appro<span class=\"_ _92\"></span>ved by management<span class=\"_ _92\"></span>.  The excess fin<span class=\"_ _92\"></span>ancial return expected in the period aft<span class=\"_ _92\"></span>er the end of the applicability o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the price forecasts from VERBUND Outlook (<span class=\"_ _43\"></span>= terminal value pha<span class=\"_ _43\"></span>se) is take<span class=\"_ _43\"></span>n into account by way of terminal value calc<span class=\"_ _92\"></span>ulation, whereb<span class=\"_ _92\"></span>y the calculation is based on<span class=\"_ _92\"></span> an assumption that the exc<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ss financial<span class=\"_ _92\"></span> return will grow<span class=\"_ _92\"></span> at a rate of 2 %. Recognition of impairment losses an<span class=\"_ _92\"></span><span class=\"ls85 ws575\">d reversals of impa<span class=\"_ _92\"></span>ir<span class=\"_ _43\"></span>ment losses </span>If the reaso<span class=\"_ _92\"></span>ns for impairment no longer apply in<span class=\"_ _92\"></span> a subsequent period, a reversal is t<span class=\"_ _92\"></span>o be recognised in profit or loss. Both impairment losses as we<span class=\"_ _43\"></span>ll as reve<span class=\"lsab ws42d\">rsals of impairment losses are recognised in profit </span>or loss<span class=\"_ _92\"></span>, presented in the in<span class=\"_ _92\"></span>come statement and segm<span class=\"_ _92\"></span>ent reporting as impairmen<span class=\"_ _92\"></span>t losses and/or reversals o<span class=\"_ _92\"></span>f impairment losses and explained in the no<span class=\"_ _92\"></span>tes. 4.4.1 Impairment testin<span class=\"_ _92\"></span>g of goodwill<span class=\"_ _333\"> </span> For the purpose of impairment test<span class=\"_ _43\"></span>ing, VERBUND\u2019<span class=\"_ _92\"></span><span class=\"ls77 wsb41\">s goodw<span class=\"_ _43\"></span>ill was allocated to the following cash<span class=\"_ _43\"></span>-<span class=\"_ _333\"> </span></span>genera<span class=\"_ _0\"></span>ting units or gr<span class=\"_ _92\"></span>oups of cash-genera<span class=\"_ _92\"></span>ting units<span class=\"_ _43\"></span>: Goodwill<span class=\"_ _92\"></span> <span class=\"_ _283\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Hydro segment<span class=\"_ _92\"></span> <span class=\"_ _284\"> </span><span class=\"fc4 ls0 ws0\">287.0 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">287.0 </span></span>Sales segment <span class=\"_ _24d\"> </span><span class=\"fc4 ls0 ws0\">13.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>3.0 </span></span>Inn River po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _26b\"> </span><span class=\"fc4 ls0 ws0\">126.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">126.6 </span></span>Grenzkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _4\"> </span><span class=\"fc4 ls0 ws0\">161.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">161.1 </span></span>Gas Connect Austria <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">39.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG <span class=\"_ _ed\"> </span><span class=\"fc4 ls0 ws0\">40.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">40.5 </span></span>Spanish renewa<span class=\"_ _92\"></span>bles portfolio<span class=\"_ _333\"> </span>1 <span class=\"_ _285\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">78.4 </span>Goodwill <span class=\"_ _286\"> </span><span class=\"fc4 ls18\">667.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">706.6</span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span>1 Details regardin<span class=\"_ _92\"></span>g the goodwill recognised for the first time i<span class=\"_ _92\"></span>n<span class=\"_ _43\"></span> the 2022 reporting perio<span class=\"_ _92\"></span>d can be found in the section entitled<span class=\"ls144 wsb43\"> Business acquisition<span class=\"_ _43\"></span>s<span class=\"_ _333\"> </span></span><span class=\"ls144 wsb43\">.<span class=\"_ _333\"> </span></span><span class=\"ls144 wsb43\"> </span>259<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Hy<span class=\"_ _92\"></span>dro segment <span class=\"_ _f6\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls21 ws22\">Average <span class=\"_ _92\"></span>expected generation of the </span>respective power plant<span class=\"_ _92\"></span>s Average expected generation of the respective power plants Price <span class=\"_ _209\"> </span><span class=\"fc4 ls1e ws63\">Internal price fore<span class=\"_ _92\"></span>casts and power  </span>plant-specific premiums or discounts  (for example, the <span class=\"_ _92\"></span>sale of guarantees of origin) Internal price forecasts and power  plant-specific premiums or discounts  (for example, the sale of guarantees of origin) Planning period<span class=\"_ _333\"> </span>1 <span class=\"_ _39\"> </span><span class=\"fc4 ls1c ws1d\">Detailed planning phase: up <span class=\"_ _92\"></span>to a maximum </span>of 6 years depending on the specific  power plant; rough plannin<span class=\"_ _92\"></span>g phase: up to  a maximum of 23 years depending on the specific power plant; <span class=\"ls149 wsb44\">subsequent termina<span class=\"_ _43\"></span>l </span>value phase following<span class=\"ls62 ws64\"> rough planni<span class=\"_ _92\"></span>ng  </span>phase depending on the s<span class=\"_ _92\"></span>pecific  power plant Detailed planning phase: up to a maximum of 6 years depending on the sp<span class=\"_ _92\"></span>ecific power plant; rough planning phase: up to a maximum of 32 years depending on the specific power plant; subsequent terminal value phase following rough planning phase depending on the specific  power plant Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4\">WACC: 4.00 % to 8.50 %  </span>depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>WACC: 5.75 % to 12.50 %  depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The planning peri<span class=\"_ _92\"></span>od was extended to 2060 due to the avai<span class=\"_ _92\"></span>lability of price curves.<span class=\"_ _92\"></span> // 2 The iterativel<span class=\"_ _43\"></span>y calcula<span class=\"_ _43\"></span>ted implicit pre-tax<span class=\"_ _43\"></span> interest r<span class=\"_ _43\"></span>ate was 6.43 %\u2013<span class=\"fsa ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls16c ws6d7\">13.79 % (previ<span class=\"_ _92\"></span>ous year: </span>4.82 %\u2013 <span class=\"fsc ls42 ws40\">9.37 %). //<span class=\"_ _92\"></span> </span>3 Management <span class=\"_ _43\"></span>believes th<span class=\"_ _43\"></span>e carrying a<span class=\"_ _43\"></span>mount of the<span class=\"_ _43\"></span> Hydro se<span class=\"_ _43\"></span>gment\u2019s assets<span class=\"_ _43\"></span> includin<span class=\"_ _43\"></span>g goodwill <span class=\"_ _43\"></span>will not exce<span class=\"_ _43\"></span>ed the r<span class=\"_ _43\"></span>ecoverable a<span class=\"_ _43\"></span>moun<span class=\"ls137 wsb46\">t as a r<span class=\"_ _43\"></span>esult of p<span class=\"_ _43\"></span>otential </span>changes in the key measurement assumptions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>260 Impairment testing <span class=\"_ _92\"></span>of goodwill for the Sal<span class=\"_ _92\"></span>es segment <span class=\"_ _cf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All of VERBUND\u2019s sales activities  plus goodwill All of VERBUND\u2019s sales activities  plus goodwill Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls33 ws30\">Expected tr<span class=\"_ _92\"></span>ading and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Price <span class=\"_ _209\"> </span><span class=\"fc4 ls33 ws30\">Expected tradin<span class=\"_ _92\"></span>g and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1e ws1f\">Detailed planning phase of 6 years  </span>followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase of 6 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Expected trading and dis<span class=\"_ _92\"></span>tribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins Expected trading and distribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls59 ws5a\">WACC after taxes (4.00 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls5b ws5c\">4.25 %)<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _fd\"> </span><span class=\"ff2f fc0 ls33 ws91c\">WACC after taxes (5.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1aa wsb48\">6.25 %)<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 8<span class=\"_ _43\"></span>.46 % (previou<span class=\"_ _43\"></span>s year: 5<span class=\"_ _43\"></span>.60 %). // 2 Management bel<span class=\"_ _43\"></span>ieves the carryin<span class=\"_ _43\"></span>g amount of<span class=\"_ _43\"></span> the Sales segmen<span class=\"_ _43\"></span>t\u2019s assets including g<span class=\"_ _43\"></span>oodwill will n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recovera<span class=\"_ _43\"></span>ble amoun<span class=\"_ _43\"></span>t as a result<span class=\"_ _43\"></span> of potent<span class=\"_ _43\"></span>ial changes <span class=\"_ _43\"></span>in the key m<span class=\"_ _43\"></span>easuremen<span class=\"_ _43\"></span>t assumpti<span class=\"_ _43\"></span>ons<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> 261<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Impairment testing <span class=\"_ _92\"></span>of goodwill for t<span class=\"_ _92\"></span>he Inn River pow<span class=\"_ _92\"></span>er plant group<span class=\"_ _92\"></span> <span class=\"_ _37\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that f<span class=\"_ _43\"></span>urther<span class=\"_ _43\"></span>more  each represent a <span class=\"_ _0\"></span>cash-generating u<span class=\"_ _0\"></span>nit,  plus goodwill and de<span class=\"ls61 ws62\">ferred tax accruals </span>Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that furthermore  each represent a cash-generating unit,  plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls60 ws61\">VERBUND Innkraftwerke GmbH budgets  </span>(based mainly on near-marke<span class=\"_ _92\"></span>t data) VERBUND Innkraftwerke GmbH budgets  (based mainly on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls46 ws45\">Annual output correspondin<span class=\"_ _92\"></span>g to the  </span>mean energy capability of 1,855 or 1,994 GWh (after conclusion of the T\u00f6ging modernisation proj<span class=\"_ _92\"></span>ect) Annual output corresponding to the  mean energy capability of 1,994 GWh  (after conclusion of the T\u00f6ging modernisation project) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration of the  water charges based on<span class=\"lsca ws25c\"> official notices; </span>estimate of the m<span class=\"_ _92\"></span>aintenance costs by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the  water charges based on offi<span class=\"_ _92\"></span>cial notices; estimate of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>2 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.00 %<span class=\"_ _333\"> </span></span>3 <span class=\"_ _288\"> </span><span class=\"ff2f fc0 ls46 ws2b\">WACC: 5.75 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The Inn River p<span class=\"_ _43\"></span>ower plant g<span class=\"_ _43\"></span>roup comprises<span class=\"_ _43\"></span> the followin<span class=\"_ _43\"></span>g run-of-river<span class=\"_ _43\"></span> power pla<span class=\"_ _43\"></span>nts: Aubach, Fe<span class=\"_ _43\"></span>ldkirchen, <span class=\"_ _43\"></span>Gars, Jettenbach<span class=\"_ _43\"></span> II, N<span class=\"ws9ee\">eu\u00f6ttin<span class=\"_ _43\"></span>g, Perach, Rosenh<span class=\"_ _43\"></span>eim, Stammh<span class=\"_ _43\"></span>am, </span>Teufelsbruc<span class=\"_ _43\"></span>k, T\u00f6ging, W<span class=\"_ _43\"></span>asserbur<span class=\"_ _43\"></span>g. // 2 The planning period wa<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>extended to 2060 due<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>o the availabili<span class=\"_ _92\"></span>ty <span class=\"_ _43\"></span>of price curves. //<span class=\"_ _92\"></span> 3 The iterat<span class=\"_ _43\"></span>ively calcu<span class=\"_ _43\"></span>lated implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest rate<span class=\"_ _43\"></span> was 7.71 % (previ<span class=\"_ _92\"></span>ous year: 4.82 %). // 4 Management believes the carrying amount of the Inn River power plant group\u2019s asse<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> including goodwill will not exceed the recoverable<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>mount as a result of po<span class=\"_ _92\"></span>tential <span class=\"ls1f5 wsaeb\">changes in the key <span class=\"_ _43\"></span>measurement assumptions<span class=\"_ _333\"> </span></span><span class=\"ls1f5 wsaeb\">.<span class=\"_ _333\"> </span></span><span class=\"ls1f5 wsaeb\"> </span>262 Impairment testing of good<span class=\"_ _92\"></span>will for the Grenzkraftw<span class=\"_ _92\"></span>erke po<span class=\"_ _92\"></span>wer plant group<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of th<span class=\"_ _92\"></span>e Grenzkraftwerke power plant gro<span class=\"_ _92\"></span>up<span class=\"_ _333\"> </span>2 that each represent a cash-g<span class=\"_ _92\"></span>enerating unit, plus goodwill and deferre<span class=\"ls1a ws256\">d tax accruals </span>Run-of-river power plants of the Grenzkraftwerke power plant group<span class=\"_ _333\"> </span>2 that each represent a cash-generating unit, plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws792\">Grenzkraftwerke Gm<span class=\"ls106 ws35e\">bH\u2019s budgets  </span></span>(based primarily on near-market data) Grenzkraftwerke GmbH\u2019s budgets  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls60 ws61\">Annual output correspondin<span class=\"_ _92\"></span>g to the mean </span>energy capability of 3,957 GWh Annual output corresponding to the mean energy capability of 3,957 or 4,007 GWh (after completing measures to increase efficiency at Ering-Frauenstein) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the water charges based on official notices; estimate of the maintenance co<span class=\"_ _92\"></span>sts by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the water charges based on off<span class=\"_ _92\"></span>ici<span class=\"ls46 ws2b\">al notices; estimate </span>of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>3 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls62 ws64\">Austria: WACC: 4.25 %<span class=\"_ _333\"> </span></span>4<span class=\"_ _333\"> </span>Germany: WACC: 4.00 % Austria: WACC: 6.25 %<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>Germany: WACC: 5.75 % Impairment loss  during the period<span class=\"_ _333\"> </span>5<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The following notes relate to the second step of the two-step <span class=\"ls4f ws51\">impairment test of the Gr<span class=\"_ _43\"></span>enzkraftwer<span class=\"_ _43\"></span>ke power plan<span class=\"_ _43\"></span>t group. The r<span class=\"_ _43\"></span>e<span class=\"ls4e ws50\">coverabil<span class=\"_ _43\"></span>ity of the in<span class=\"_ _43\"></span>dividual run<span class=\"_ _43\"></span>-of-river power<span class=\"_ _43\"></span> </span></span>plants was tested in the firs<span class=\"_ _43\"></span>t step. // 2 The Grenzkraftwerk<span class=\"_ _92\"></span>e <span class=\"_ _43\"></span>power plant gro<span class=\"_ _92\"></span>u<span class=\"_ _43\"></span>p comprises the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>following power pl<span class=\"_ _92\"></span>ants: Braunau-Simbach, Egglfing-Obe<span class=\"_ _92\"></span>rnberg, Ering-Frauens<span class=\"ls236 ws0\">tein, </span>Jochenstein, Nu\u00dfdorf, Oberaudorf-Ebbs, Passau-Ingling and<span class=\"_ _92\"></span> S<span class=\"_ _43\"></span>ch\u00e4rding-Neuhaus. // 3 The planning period wa<span class=\"_ _92\"></span>s extended to 2060 due to the availabili<span class=\"_ _92\"></span>ty of price curves. //  4 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 7<span class=\"_ _43\"></span>.98 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls238 wsb4f\">8.11 % (previous year: 5.<span class=\"_ _92\"></span>16 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls42 ws40\">5.24 %). // </span></span>5 According to management, the carrying amount of the Grenzkraftw<span class=\"_ _43\"></span>erke power <span class=\"_ _43\"></span>plant group\u2019s<span class=\"_ _43\"></span> assets (l<span class=\"_ _43\"></span>ess defer<span class=\"_ _43\"></span>red tax liabilit<span class=\"_ _43\"></span>ies) inc<span class=\"_ _43\"></span>luding goodw<span class=\"_ _43\"></span>ill does n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recoverable<span class=\"_ _43\"></span> a<span class=\"ls180 ws7db\">mount as a result of possible changes in key </span>measurement assumpt<span class=\"_ _43\"></span>ions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>263<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>I<span class=\"_ _333\"> </span>mpairment testing <span class=\"_ _92\"></span>of goodwill for Gas C<span class=\"_ _92\"></span>onnect Austria<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Group of  cash-generating units Gas Connect Austria GmbH (GCA),  Austrian Gas Grid Management AG (AGGM), Trans Au<span class=\"_ _92\"></span>stria Gasleitung GmbH (TAG), profit par<span class=\"_ _92\"></span>ticipation right with respect to material assets of TAG plus goodwill  less deferred tax accruals Gas Connect Austria GmbH (GCA), Austrian Gas Grid Management AG (AGGM), Trans Austria<span class=\"ls37 ws26\"> Gasleitung GmbH </span>(TAG), profit participation right with respect to material assets of TAG plus goodwill less deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal<span class=\"_ _92\"></span> </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls1ab ws813\">GCA budgets <span class=\"_ _92\"></span> </span>(based primarily on near mark<span class=\"_ _92\"></span>et data) GCA budgets  (based primarily on <span class=\"lsca\">near market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls9c ws190\">Cap<span class=\"_ _43\"></span>acity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariffs published by t<span class=\"_ _92\"></span>he regulator <span class=\"_ _276\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by the </span></span>regulator Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years; <span class=\"_ _92\"></span> </span>rough planning phase: 23 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 22 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac852.7m <span class=\"_ _11f\"> </span><span class=\"ff2f fc0 ls18\">\u20ac7<span class=\"_ _92\"></span>04.6m </span></span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">8.8m <span class=\"_ _1a5\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls9c\">39.3m </span></span></span>1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the tw<span class=\"_ _43\"></span>o-step im<span class=\"_ _43\"></span>pairment tes<span class=\"_ _43\"></span>t of the Gas<span class=\"_ _43\"></span> Connect A<span class=\"_ _43\"></span>ustria g<span class=\"_ _43\"></span>roup of cas<span class=\"_ _43\"></span>h-g<span class=\"ls239 wsb51\">enerating units. In<span class=\"_ _43\"></span> the first step,<span class=\"_ _43\"></span> the </span>recoverabilit<span class=\"_ _43\"></span>y of the<span class=\"_ _43\"></span> GCA unit<span class=\"_ _43\"></span>s including<span class=\"_ _43\"></span> AGGM and t<span class=\"_ _43\"></span>he investm<span class=\"_ _43\"></span>ent<span class=\"ls235 wsb4c\"> in Trans Austria Gasleitung GmbH (TAG) was tested. TAG\u2019s asse<span class=\"ls1b5 ws91d\">t participation<span class=\"_ _43\"></span> right was mea<span class=\"_ _43\"></span>sured at f<span class=\"_ _43\"></span>air </span></span>value in accordan<span class=\"_ _43\"></span>ce with IFRS 9. /<span class=\"_ _43\"></span>/ 2 An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognise<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>in the 2022 report<span class=\"_ _92\"></span><span class=\"ls3d ws3b\">ing period in the amount of \u20ac16.8m as at 30 June 2022.<span class=\"_ _92\"></span> As at </span>31 December 2022, the i<span class=\"_ _92\"></span>mpairment recognised during the year i<span class=\"_ _92\"></span>ncreased to \u20ac39.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2022   <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.1m </span>\u20ac+<span class=\"fsa\"> </span>9.9m Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2021 <span class=\"_ _158\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.7m </span>\u20ac+<span class=\"fsa\"> </span>10.6m<span class=\"_ _333\"> </span>264 Impairment testing of good<span class=\"_ _92\"></span>will for SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls61 ws62\">SMATRICS GmbH &amp; Co KG,  </span>full-service provider for  electromobility charging solutions SMATRICS GmbH &amp; Co KG,  full-service provider for  electromobility charging solutions Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _257\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls34 ws32\">SMATRICS GmbH &amp; Co KG budgets  </span>(based primarily on near-market data) SMATRICS GmbH &amp; Co KG  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls5d ws5e\">Electric vehicle ramp-up <span class=\"_ _289\"> </span></span><span class=\"ff2f ls2b ws1f\">Electric vehicle ramp-up </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls33 ws30\">Charging rates <span class=\"_ _5c\"> </span></span><span class=\"ff2f ls20 ws25\">Charging rates </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 9 years plu<span class=\"_ _92\"></span>s </span>subsequent terminal value phase Detailed planning phase: 8 years plus subsequent terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electric vehicle ramp-up, discount rate <span class=\"_ _4d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Electric vehicle ramp-up, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 10.00 % <span class=\"_ _12a\"> </span></span><span class=\"ff2f ls33 ws91c\">WACC: 12.25 % </span>Impairment loss  during the period \u2013 <span class=\"_ _13\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"_ _333\"> </span></span><span class=\"ff2f fc0 ls0\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2022    <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span>12.25 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.7m </span>\u20ac+<span class=\"fsa\"> </span>2.1m Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2021  V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span><span class=\"ls37 ws36\">10.00 % <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.8m </span>\u20ac+<span class=\"fsa\"> </span>3.8m<span class=\"_ _333\"> </span> 265<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Impairment test of the goodwill of the Spanish r<span class=\"_ _92\"></span>enewables portfolio<span class=\"_ _333\"> </span>1  <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Photovoltaic portfolios with a capac<span class=\"_ _43\"></span>ity of <span class=\"ls5d ws2d\">82.1 MWp in operation (Anselma Issuer, S.A. </span>and Topacio Energy, S.L.U.), <span class=\"ls0 ws1b\">wind/photovoltaic portfolios wi<span class=\"ls24 ws95a\">th a capacity of 2,129 MW </span></span>in development (Tejo Solar, S.L.U., Catalp<span class=\"ls9c ws61\">a Solar, S.L.U. and VERBU<span class=\"_ _43\"></span>ND Green Power </span>Renewable Projects, S.L.U.) plus <span class=\"ls1a ws24\">goodwill less deferred tax items </span>Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ls2b ws1f\">Tariffs for existing plants; internal price forecast for proj<span class=\"ls61 ws20\">ec<span class=\"_ _43\"></span>ts, premium for additional </span></span>proceeds from the sale of guarantees of<span class=\"ls5b wsb52\"> origin (derived from quoted prices) </span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 17 years for ex<span class=\"ls62 ws90e\">isting projects and 29 years (PV) or </span>24 years (wind) for de<span class=\"_ _92\"></span><span class=\"ls2b wsb54\">velopment p<span class=\"_ _43\"></span>rojects </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac766.1m<span class=\"_ _92\"></span> </span>Impairment losses  during the period \u20ac\u2013<span class=\"fsa ls0\"> </span>94.2m 1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the two-s<span class=\"_ _43\"></span>tep impa<span class=\"_ _43\"></span>irment test<span class=\"_ _43\"></span> of the Spa<span class=\"_ _43\"></span>nish rene<span class=\"_ _43\"></span>wables portf<span class=\"_ _43\"></span>olio group<span class=\"_ _43\"></span> <span class=\"ls12c wsb55\">of cash-generating<span class=\"_ _43\"></span> units. In the f<span class=\"_ _43\"></span>irst step, the </span>recoverability o<span class=\"_ _43\"></span>f developmen<span class=\"_ _43\"></span>t projects was test<span class=\"_ _43\"></span>ed in accord<span class=\"_ _43\"></span>ance with IAS 3<span class=\"_ _43\"></span>6.10(a) while<span class=\"_ _43\"></span> the recoverab<span class=\"_ _43\"></span>ility of exist<span class=\"_ _43\"></span>ing projects<span class=\"ls233 wsb49\"> was t<span class=\"_ _43\"></span>ested if there was an<span class=\"_ _43\"></span>y indication<span class=\"_ _43\"></span> that they </span>might be impaired. // 2 The Spanish renewab<span class=\"_ _43\"></span>les portfolio can be brok<span class=\"_ _43\"></span>en down into the follow<span class=\"_ _43\"></span>ing portfolios<span class=\"_ _43\"></span>: Anselma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, Topacio <span class=\"lsce ws261\">Ener<span class=\"_ _43\"></span>gy, S.L.U. with 1<span class=\"_ _43\"></span>9 </span>CGUs, Tejo S<span class=\"_ _43\"></span>olar, S.L.U. wi<span class=\"_ _43\"></span>th 18 CGUs, Catal<span class=\"_ _43\"></span>pa Solar, S.L.U<span class=\"_ _43\"></span>. with 5 CGUs an<span class=\"_ _43\"></span>d VERBUND Gr<span class=\"_ _43\"></span>een Power Rene<span class=\"_ _43\"></span>wable Projects<span class=\"_ _43\"></span>, S.L.U. wit<span class=\"ls206 wsb57\">h 3 CGUs. //<span class=\"_ _92\"></span> </span>3 Since the return on the Anselma Issuer, <span class=\"_ _43\"></span>S.A. and T<span class=\"_ _43\"></span>opacio Energy, S.<span class=\"_ _43\"></span>L.U. portfoli<span class=\"_ _43\"></span>os is secure<span class=\"_ _43\"></span>d by tariff for<span class=\"_ _43\"></span> the next 15<span class=\"_ _43\"></span> to 18 years, f<span class=\"_ _43\"></span>ollowed by a p<span class=\"_ _43\"></span>eri<span class=\"ls39 ws37\">od of merchant marke<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ing, two WACCs were used<span class=\"_ _92\"></span> </span>for the valu<span class=\"_ _43\"></span>ation. The <span class=\"_ _43\"></span>implicit <span class=\"_ _43\"></span>pre-tax inter<span class=\"_ _43\"></span>est rate det<span class=\"_ _43\"></span>ermined thr<span class=\"_ _43\"></span>ough a pro<span class=\"_ _43\"></span>cess of iter<span class=\"_ _43\"></span>ation am<span class=\"_ _43\"></span>ounted to 7.<span class=\"_ _43\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">8.67 %<span class=\"_ _333\"> </span></span><span class=\"fsc ls42 ws40\">. </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish renew<span class=\"_ _92\"></span>ables portfolio 12/1/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _a4\"> </span>5.75 %/6.50 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac+<span class=\"fsa\"> </span>30.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">30.0m </span>Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _19d\"> </span>\u20ac47.5 per MWh <span class=\"_ _d5\"> </span>\u00b1 5 % \u20ac+<span class=\"fsa\"> </span>62.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">62.0m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\">.<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\"> </span>266 4.4.2 Impairment testin<span class=\"_ _92\"></span>g of pow<span class=\"_ _92\"></span>er plants Impairment test \u2013 Mellach combined<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>cycle gas turbine po<span class=\"_ _92\"></span>wer plant   <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls1f ws20\">Combined cycle gas turbine power plant <span class=\"_ _92\"></span> </span>(installed electrical capacity: 838 MW) Combined cycle gas turbine power plant  (installed electrical capacity: 838 MW) Indications of impairment Updated electricity and/or gas price forecasts and upd<span class=\"_ _92\"></span>ated discount rate Updated electricity and/or gas price forecasts and updated disc<span class=\"_ _43\"></span>ount rate Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 lsca ws25c\">VERBUND Thermal Power GmbH &amp; Co KG </span>budgets (based m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>inly on  near-market data) VERBUND Thermal Power GmbH &amp; Co KG budgets (based mainly on  near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls32 ws2e\">Optimisation mo<span class=\"_ _92\"></span>del with primary inputs: </span>installed capacity, <span class=\"ls74 ws68\">heat extractio<span class=\"_ _0\"></span>n </span>(maximum 400 MW) and efficiency at full capacity (58.8 %) Optimisation model with primary inputs: installed capacity, heat extraction (maximum 400 MW) and eff<span class=\"_ _92\"></span>iciency at full capacity (58.8 %<span class=\"_ _92\"></span>) Price<span class=\"_ _333\"> </span>1 <span class=\"_ _22c\"> </span><span class=\"fc4 ls34 ws387\">internal price forecasts; temporarily </span>expected revenue<span class=\"_ _92\"></span> from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent, redispatch and market use, including heat <span class=\"_ _92\"></span>extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of operat<span class=\"_ _92\"></span>ing, maintenance and downtime costs by<span class=\"_ _92\"></span> the responsible managers External price forecasts; temporarily expected revenue from the grid reserve, congestion management, redispatch and market use, including heat extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of<span class=\"_ _92\"></span> operating, maintenance and dow<span class=\"_ _92\"></span>ntime costs by the responsible managers Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1c ws1d\">Total capacity averaging around </span>100,000 equivalent operating hour<span class=\"_ _92\"></span>s or  until 2040 (dependent on earlier entry) Total capacity averaging around 100,000 equivalent op<span class=\"_ _92\"></span><span class=\"ls36 ws68\">erating hours or  </span>until 2040 (dependent on earlier entry) Ke<span class=\"_ _0\"></span>y measurement assumptions Discount rate, expected revenue fro<span class=\"_ _92\"></span>m the grid reserve, congestion manageme<span class=\"_ _92\"></span>nt and redispatch, devel<span class=\"_ _0\"></span>opment of clean spark spreads Discount rate, expected revenue from the grid reserve, congestion management and redispatch, development of clean spark spreads After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.25 % <span class=\"_ _1d3\"> </span></span><span class=\"ff2f ls60 ws813\">WACC: 6.25 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac109.9m <span class=\"_ _75\"> </span><span class=\"ff2f fc0 ls18\">\u20ac231.5m </span></span>Reversal of  impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>24.5m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac+<span class=\"fsa ls0\"> </span>126.0m </span>1 An average of the<span class=\"_ _43\"></span> price forecas<span class=\"_ _43\"></span>ts of the infor<span class=\"_ _43\"></span>mation service pr<span class=\"_ _43\"></span>oviders AFRY<span class=\"_ _43\"></span> and IHS was us<span class=\"_ _43\"></span>ed to determin<span class=\"_ _43\"></span>e the fair va<span class=\"_ _43\"></span>lue for r<span class=\"_ _43\"></span><span class=\"ls100 ws2fe\">eporting dates prior to 31 D<span class=\"_ _92\"></span>ecember 2022.  </span>Only the AFRY Cen<span class=\"_ _43\"></span>tral price scenar<span class=\"_ _43\"></span>io was used f<span class=\"_ _43\"></span>or the current rep<span class=\"_ _43\"></span>orting date due to<span class=\"_ _43\"></span> changes in the<span class=\"_ _43\"></span> energy market env<span class=\"_ _43\"></span>ironment. I<span class=\"ls4d ws4f\">f t<span class=\"_ _43\"></span>he prev<span class=\"_ _43\"></span>iously appli<span class=\"_ _43\"></span>e<span class=\"ls0 wsb59\">d average cost method </span></span>had been retained,<span class=\"_ _43\"></span> the recover<span class=\"_ _43\"></span>able amount <span class=\"_ _43\"></span>for the Mella<span class=\"_ _43\"></span>ch combined cyc<span class=\"_ _43\"></span>le gas tur<span class=\"_ _43\"></span>bine power plant<span class=\"_ _43\"></span> cash-generating u<span class=\"_ _43\"></span>nit as at 31 <span class=\"ls16c ws6d7\">December 2022 would have been \u20ac192.<span class=\"_ _92\"></span>6m.  </span>Thus, the reversal of<span class=\"_ _92\"></span> impairment losses would have been around \u20ac38.<span class=\"_ _92\"></span>9m lower. // 2 A reversa<span class=\"_ _43\"></span>l of impairm<span class=\"_ _43\"></span>ent losses<span class=\"_ _43\"></span> loss had a<span class=\"_ _43\"></span>lready bee<span class=\"_ _43\"></span>n recognis<span class=\"_ _43\"></span>ed in the r<span class=\"_ _43\"></span>eporting peri<span class=\"_ _43\"></span>od in the amount of \u20ac56.0m as at 30 June 2022.<span class=\"_ _92\"></span> The reversal of impairment losse<span class=\"_ _92\"></span>s recognised during the year increase<span class=\"_ _92\"></span>d to \u20ac126.0m as a<span class=\"ls42 ws40\">t 31 December 2022.<span class=\"_ _92\"></span> The increase in value in </span>the 2022 reporting p<span class=\"_ _92\"></span>eriod was reduced by the change in deferred<span class=\"_ _92\"></span> g<span class=\"_ _43\"></span>o<span class=\"ls231 wsb42\">vernment grants in the amo<span class=\"_ _92\"></span>unt <span class=\"_ _43\"></span>of \u20ac3.6m (previo<span class=\"_ _92\"></span>us <span class=\"_ _43\"></span>year: \u20ac0.7m<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\">)<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\"><span class=\"ls23a ws0\">.<span class=\"_ _333\"> </span></span></span><span class=\"ls231 wsb42\"><span class=\"ls23a ws0\"> </span></span>267<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Sensitivity analysis fo<span class=\"_ _92\"></span>r the Mellach co<span class=\"lsc4 ws2b2\">mbined cycle gas turbine po<span class=\"_ _92\"></span>wer plant 2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>3.1m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.0m </span>T<span class=\"_ _14\"></span>emporarily expected re<span class=\"_ _92\"></span>venue from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent and redispatch <span class=\"_ _280\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2 <span class=\"_ _117\"> </span><span class=\"ls1a ws1c\">\u00b1 10 % </span>\u20ac+<span class=\"fsa\"> </span>10.3m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">10.4m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 A disclosure of the val<span class=\"_ _92\"></span>ue assigned to the<span class=\"_ _43\"></span> temporarily<span class=\"_ _43\"></span> expected revenu<span class=\"_ _43\"></span>e from con<span class=\"_ _43\"></span>gestion manage<span class=\"_ _43\"></span>ment and redis<span class=\"_ _43\"></span>patch is omitt<span class=\"_ _43\"></span>ed because s<span class=\"_ _43\"></span>uch a disclosu<span class=\"_ _43\"></span>re cou<span class=\"ls12b wsabc\">ld h<span class=\"_ _43\"></span>arm VERBUN<span class=\"_ _43\"></span>D\u2019s positi<span class=\"_ _43\"></span>on in the </span>bidding proces<span class=\"_ _43\"></span>s. Sensitivity analysis f<span class=\"_ _92\"></span>or the Mellach comb<span class=\"ls7f ws23e\">ined cycle gas turbine po<span class=\"_ _92\"></span>wer plant 2021  </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">4.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">1.5m </span>\u20ac+<span class=\"fsa\"> </span>1.5m T<span class=\"_ _14\"></span>emporarily expected re<span class=\"_ _92\"></span>venue from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent and redispatch <span class=\"_ _194\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _f3\"> </span><span class=\"ls1a ws1c\">\u00b1 10 % </span></span>\u20ac+<span class=\"fsa\"> </span>33.9m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">33.9m<span class=\"_ _333\"> </span></span><span class=\"ls59\"> </span>268 Impairment testing of the Gr<span class=\"_ _92\"></span>atkorn pow<span class=\"_ _92\"></span>er plant on the Mur River    <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"ff2f ls2b ws1f\">River power plant in the area of the Mur River (50 % owned by VERBUND Hydro </span>Power GmbH (VHP), 50 % owned<span class=\"_ _43\"></span> by Energie Steiermark Green Power GmbH)<span class=\"_ _43\"></span> Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls2b ws1f\">VHP budgets (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls2b ws1f\">The annual output corresponding to th<span class=\"ls59 ws22\">e mean energ<span class=\"_ _43\"></span>y capability of 56 GWh  </span></span>(for 100 % of the power plant) Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Internal price forecasts; discounts for genera<span class=\"ls32 ws5a8\">tion characteristics and the hydrological </span></span>forecast and availability risk; premium fo<span class=\"ls5d ws2d\">r additional proceeds from the sale of </span>guarantees of origin (derived from quoted pric<span class=\"ls1d ws35e\">es); e<span class=\"_ _43\"></span>stimate of the maintenance costs by </span>the managers responsible Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ls1a ws24\">Detailed planning phase: 6 years;  </span>rough planning phase: 32 years foll<span class=\"ls1d ws35e\">owed by a terminal value phase </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.25 %<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac12.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac<span class=\"ff2a\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls17\">10.4m </span>1 The implicit<span class=\"_ _43\"></span> pre-tax int<span class=\"_ _43\"></span>erest ra<span class=\"_ _43\"></span>te determine<span class=\"_ _43\"></span>d through a<span class=\"_ _43\"></span> process of <span class=\"_ _43\"></span>iteration a<span class=\"_ _43\"></span>mounted to 6<span class=\"_ _43\"></span>.43 %. // 2 An impairment loss ha<span class=\"_ _92\"></span>d already been recognised in<span class=\"_ _0\"></span> the reporting pe<span class=\"_ _92\"></span>riod in the amount of \u20ac12.9m a<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> at 30 June 2022. The impai<span class=\"_ _92\"></span>rment recognised during the year decrea<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>ed to \u20ac10.4m as at 31 Decem<span class=\"_ _92\"></span>ber 2022. <span class=\"ls52 ws54\">The impair<span class=\"_ _43\"></span>ment loss as<span class=\"_ _43\"></span> at 31<span class=\"_ _43\"></span> December </span>2022 was reduced<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>by the \u20ac0.7m change i<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>deferred governme<span class=\"_ _92\"></span>nt grants<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Gratk<span class=\"_ _92\"></span>orn <span class=\"lsea ws552\">power plant on the Mur River 31/1/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">0.7m </span>\u20ac+<span class=\"fsa\"> </span>0.7m Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _cb\"> </span><span class=\"ls34 ws32\">\u20ac86.3 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>1.8m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">1.8m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\">.<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\"> </span>269<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Impairment test Spa<span class=\"_ _0\"></span>nish ren<span class=\"_ _92\"></span>ewables portf<span class=\"_ _92\"></span>olio existing pr<span class=\"_ _92\"></span>ojects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>PV portfolios with a capacity of 82.1 MWp in operation  (Anselma Issuer, S.A. and Topacio Energy, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Tariffs for the next 15\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws1f\">18 years, followed <span class=\"_ _43\"></span>by internal price forecast </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 15 years for th<span class=\"lsca ws30\">e Anselma Issuer, S.A. portfolio and  </span>14 to 17 years for the Topacio Energy, S.L.U. portfolio. Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac393.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>49.7m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The existin<span class=\"_ _43\"></span>g projects can<span class=\"_ _43\"></span> be broken d<span class=\"_ _43\"></span>own into the f<span class=\"_ _43\"></span>ollowing port<span class=\"_ _43\"></span>folios: Ans<span class=\"_ _43\"></span>elma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, <span class=\"_ _43\"></span>Topacio Ener<span class=\"_ _43\"></span>gy, S.L.U. wit<span class=\"_ _43\"></span>h 19 CGUs. <span class=\"_ _43\"></span>// 3 Since the re<span class=\"_ _43\"></span>turn on the Ansel<span class=\"_ _43\"></span>ma Issuer, S.A.<span class=\"_ _43\"></span> and Topaci<span class=\"_ _43\"></span>o Energy, S.L.U<span class=\"_ _43\"></span>. portfol<span class=\"_ _43\"></span>ios is secur<span class=\"_ _43\"></span>ed by tariff for<span class=\"_ _43\"></span> the next 15 to 18 ye<span class=\"_ _92\"></span>ars, followed by a period of merc<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ant marketi<span class=\"_ _92\"></span>ng, two WACCs were used for the valuatio<span class=\"_ _92\"></span>n. The implicit pre-ta<span class=\"ls1d1 ws9ec\">x interest rate determined through a process <span class=\"_ _43\"></span>of </span>iteration amounted to 7.<span class=\"_ _92\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">7.51 %. // </span>4 The impairment as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31 December 2022 comp<span class=\"_ _92\"></span>rises the impairment of 9 CGUs in the Anselma Issuer,<span class=\"_ _92\"></span> <span class=\"ls39 wsb5c\">S.A. portfolio in the<span class=\"_ _92\"></span> amount o<span class=\"ls23e ws0\">f </span></span>\u20ac15.4m and 19 CG<span class=\"_ _92\"></span>Us <span class=\"_ _43\"></span>in the Topacio Ene<span class=\"_ _92\"></span>rgy, S.L.U. portfolio in the amount of<span class=\"_ _92\"></span> \u20ac34.2m.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the existing Span<span class=\"ls129 ws8df\">ish r<span class=\"_ _92\"></span>enewables portf<span class=\"_ _92\"></span>olio projects 31/12/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets 2<span class=\"_ _333\"> </span>Effects on the carrying amounts of assets 3<span class=\"_ _333\"> </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _193\"> </span><span class=\"ls20 ws21\">5.75 %/6.50 % <span class=\"_ _49\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span><span class=\"ls1a ws256\">1.5m  </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">1.5m  </span>\u20ac+<span class=\"fsa\"> </span>4.4m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">4.4m  </span>Electricity price<span class=\"_ _333\"> </span>4 <span class=\"_ _16b\"> </span><span class=\"ls34 ws32\">\u20ac47.5 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span><span class=\"ls1a ws256\">0.9m  </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">0.9m  </span>\u20ac+<span class=\"fsa\"> </span>1.8m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">1.8m  </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 Anselma Issuer, S.A. portfolio //<span class=\"_ _43\"></span> 3 Topacio En<span class=\"_ _43\"></span>ergy, S.L.U. p<span class=\"_ _43\"></span>ortfolio <span class=\"_ _43\"></span>// 4 The electrici<span class=\"_ _92\"></span>ty price shown relates to the year 2030. T<span class=\"_ _92\"></span>he sensitivity analysis va<span class=\"_ _92\"></span>ries the price of electricity ste<span class=\"_ _92\"></span>adily over t<span class=\"ls1b5 ws91d\">ime up to </span>the planning horizon<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> 270 Impairment test Spanis<span class=\"_ _92\"></span>h renewables p<span class=\"_ _92\"></span>ortfolio deve<span class=\"_ _92\"></span>lopment projects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Wind/PV portfolios with a cap<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>city of 2,129 <span class=\"ls2d ws90d\">MW u<span class=\"_ _92\"></span>nder development (Tejo Solar, S.L.U,  </span>Catalpa Solar, S.L.U. and VERBUN<span class=\"_ _43\"></span>D Green Power Renewable Projects<span class=\"_ _43\"></span>, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f lsca ws30\">Internal price forecast for pr<span class=\"ls0 ws1b\">ojects, premium for addi<span class=\"_ _43\"></span>tional proceeds from the sale of </span></span>guarantees of origin (derived from quoted prices) Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 29 year<span class=\"ls26 ws91b\">s (PV) or 24 years (wind) </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac373.1m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>2.0m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The devel<span class=\"_ _43\"></span>opment projects<span class=\"_ _43\"></span> can be br<span class=\"_ _43\"></span>oken down int<span class=\"_ _43\"></span>o the follow<span class=\"_ _43\"></span>ing portf<span class=\"_ _43\"></span>olios: Tejo Solar, S.L.U. with 18 CGUs, Catalpa Solar, S.L.U. with 5 CGUs and VERBUND Green P<span class=\"_ _43\"></span>ower Renewable Projects, S.L.U. with 3 CGUs. /<span class=\"ls241 ws0\">/ </span>3 The implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest r<span class=\"_ _43\"></span>ate determined through a process of iteration amounted to 8.57 %\u2013 <span class=\"fsc ls234 wsb4a\">8.67 %. // </span>4 The impairment as at 31 Dec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mber 2022 relates to<span class=\"_ _92\"></span> 2 <span class=\"_ _43\"></span>CGUs in the Tejo Sol<span class=\"_ _92\"></span>ar, S.L.U. portfolio.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish re<span class=\"_ _92\"></span>newables portf<span class=\"_ _92\"></span>olio develop<span class=\"_ _92\"></span>ment projects 31/12/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _19a\"> </span><span class=\"ff2f ls34 ws772\">Value assigned<span class=\"_ _0\"></span> </span>to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.50 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>2.6m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.6m </span>Electricity price<span class=\"_ _333\"> </span>3 <span class=\"_ _cb\"> </span><span class=\"ls34 ws32\">\u20ac47.5 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>4.2m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">4.2m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 Tejo Sola<span class=\"_ _92\"></span>r, S.L.U. portfolio //  3 The electrici<span class=\"_ _92\"></span>ty price shown relates to the year 2030.<span class=\"_ _92\"></span> The sensitivity analysis vari<span class=\"_ _92\"></span>es the price of electricit<span class=\"_ _92\"></span>y st<span class=\"_ _43\"></span>eadily over t<span class=\"_ _92\"></span><span class=\"ls243 wsb60\">ime up to t<span class=\"_ _92\"></span>he planni<span class=\"_ _92\"></span>ng horizo<span class=\"_ _92\"></span>n<span class=\"_ _333\"> </span></span><span class=\"ls243 wsb60\">.<span class=\"_ _333\"> </span></span><span class=\"ls243 wsb60\"> </span>271<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>4.5<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb61\">Interests accounted for us<span class=\"ls101 wsacc\">ing the equity method </span></span>The carrying amoun<span class=\"_ _92\"></span>ts of interests accoun<span class=\"_ _92\"></span>ted for using the equity method ar<span class=\"_ _92\"></span>e adjusted to<span class=\"_ _92\"></span> reflect changes in the investee<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s net assets in accor<span class=\"_ _92\"></span>dance with IAS 28 no later th<span class=\"_ _92\"></span>an one quarter following the underlying changes<span class=\"_ _92\"></span>. If VERBUND\u2019<span class=\"_ _14\"></span>s share of l<span class=\"_ _92\"></span>osses from an int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rest acco<span class=\"_ _92\"></span>unted for using the equity me<span class=\"_ _92\"></span>thod corres<span class=\"_ _92\"></span>ponds to or exceeds the carrying amoun<span class=\"_ _92\"></span>t of th<span class=\"ls74 ws920\">e equity inter<span class=\"_ _92\"></span>est, additional losses ar<span class=\"_ _92\"></span>e only taken </span>into accoun<span class=\"_ _92\"></span>t and recognised as a liability to th<span class=\"_ _92\"></span>e extent that leg<span class=\"_ _92\"></span>al or constructive obligat<span class=\"_ _92\"></span>ions were undertaken or pa<span class=\"_ _92\"></span>yments were m<span class=\"_ _92\"></span>ade for the equity-accounted inter<span class=\"_ _92\"></span>est. The carrying amount of the equity-accounted int<span class=\"_ _92\"></span>erest includes the shar<span class=\"_ _92\"></span>e calculated based on<span class=\"_ _92\"></span> equity method accounting plus all<span class=\"_ _92\"></span> long-term equity inter<span class=\"_ _92\"></span>ests that ar<span class=\"_ _92\"></span>e to be allocated to the net in<span class=\"_ _92\"></span>vestment in the equity-accoun<span class=\"_ _92\"></span>ted interest based on their economi<span class=\"_ _92\"></span>c substance. Net in<span class=\"_ _92\"></span>vestments in associated compan<span class=\"_ _92\"></span>ies and joint ventures <span class=\"_ _92\"></span>are tested for objective indica<span class=\"_ _92\"></span>tions of<span class=\"_ _43\"></span> impairment at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. If there ar<span class=\"_ _92\"></span>e any such indic<span class=\"_ _92\"></span>ations, an impairment t<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st must b<span class=\"_ _92\"></span>e conducted for int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rests accoun<span class=\"_ _92\"></span>ted for using the equity method in accor<span class=\"_ _92\"></span>dance with IAS 36<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Interests acc<span class=\"_ _92\"></span>ounted for using the eq<span class=\"_ _0\"></span>uity method<span class=\"_ _92\"></span> <span class=\"_ _23f\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _28c\"> </span><span class=\"fc4 ls0 ws0\">294.7 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">417.5 </span></span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _1c1\"> </span><span class=\"fc4 ls0 ws0\">107.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Additions <span class=\"_ _28d\"> </span><span class=\"fc4 ls0\">9.8 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">4.0 </span>Dividends <span class=\"_ _28e\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>5.4 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.9 </span></span></span>Result from eq<span class=\"ls102 ws31a\">uity accounting <span class=\"_ _1fe\"> </span><span class=\"fc4 ls0 ws0\">34.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">4.3 </span></span></span>Other comprehensive income <span class=\"ls27 ws27\">from equity<span class=\"_ _92\"></span> accounting <span class=\"_ _1aa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">3.6 </span></span></span>Disposals <span class=\"_ _28f\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>17.5 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.0 </span>Amortised cost as at 31/12 <span class=\"_ _26b\"> </span><span class=\"fc4 ls18 ws0\">417.5 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">425.4 </span></span>Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _d\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.8 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">13.3 </span></span></span>Impairment losses <span class=\"_ _290\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">46.5 </span></span></span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _e1\"> </span><span class=\"fc4 ls0 ws0\">16.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _71\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">13.3 <span class=\"_ _51\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">59.8<span class=\"_ _92\"></span> </span></span></span>Net carrying amount as at 31/12 <span class=\"_ _291\"> </span><span class=\"fc4 ls18 ws0\">404.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">365.5<span class=\"_ _92\"></span> </span></span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _e1\"> </span><span class=\"fc4 ls0 ws0\">282.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">404.1 </span></span>A summary of aggreg<span class=\"_ _92\"></span>ated financial information for<span class=\"_ _92\"></span> the equity-accounted joint ventur<span class=\"_ _92\"></span>es and associates is pr<span class=\"_ _92\"></span>esented in sect<span class=\"ls26 ws340\">ion 13.4 Subsidiaries, join<span class=\"_ _92\"></span>t ventures and associat<span class=\"_ _92\"></span>es of VERBUND.<span class=\"_ _333\"> </span></span><span class=\"ls26 ws340\"> </span>4.5.1  Interests<span class=\"_ _92\"></span>  accounted f<span class=\"_ _92\"></span>or using the equity <span class=\"_ _92\"></span>method 272 4.6<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb23\">Other equity interests</span><span class=\"ls1ba wsb23\"> </span>Equity interests in unconsolidat<span class=\"_ _43\"></span>ed (for lack of mater<span class=\"_ _43\"></span>i<span class=\"ls83 ws45\">ality) subsidiaries<span class=\"_ _92\"></span>, associates and joint ventur<span class=\"_ _92\"></span>es not </span>accounted for usin<span class=\"_ _92\"></span>g the equity method and other equity inter<span class=\"_ _92\"></span>ests are accoun<span class=\"_ _0\"></span>ted for in accordance with IFRS <span class=\"_ _87\"></span>9. If these equity<span class=\"_ _43\"></span> interests are held for the long term due to strategic considerations, they are classified as measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough other compre<span class=\"_ _92\"></span>hensive income (FVO<span class=\"_ _43\"></span>CI). Otherwise they are classified as measur<span class=\"_ _92\"></span>ed at fair value thro<span class=\"_ _92\"></span>ugh profit or los<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> (FVPL). The fair value of the<span class=\"_ _92\"></span> equity interests is derived, dep<span class=\"_ _43\"></span>ending on the situation, from market quotations, compara<span class=\"_ _92\"></span>ble<span class=\"_ _43\"></span> recent transactions, valuations based on th<span class=\"_ _43\"></span>e discounted cash flow or market multiples me<span class=\"_ _43\"></span>thods and/or cost<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> Other equity <span class=\"_ _92\"></span>interests <span class=\"_ _ca\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _292\"> </span><span class=\"ff2f ls1c ws61b\">Interests in </span>unconsolidated subsidiaries Other equity interests To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>(Amortised) cost as a<span class=\"_ _92\"></span>t 1/1 <span class=\"_ _b1\"> </span><span class=\"ls0 ws0\">4.8 <span class=\"_ _3\"> </span>143.1 <span class=\"_ _127\"> </span>147.9 </span>Additions from acquisitio<span class=\"_ _92\"></span>ns of interests and  capital increases 13.4 <span class=\"_ _60\"> </span>0.1 <span class=\"_ _de\"> </span>13.5 Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span>(Amortised) cost as at 31/12<span class=\"_ _92\"></span> <span class=\"_ _1cc\"> </span><span class=\"ls18 ws0\">17.8 <span class=\"_ _125\"> </span><span class=\"ls49\">143.2 <span class=\"_ _16a\"> </span></span>161.0 </span>Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _1\"> </span><span class=\"ls0 ws0\">9.3 <span class=\"_ _9c\"> </span>19.9 <span class=\"_ _de\"> </span>29.2 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _293\"> </span><span class=\"ls0 ws0\">1.9 <span class=\"_ _60\"> </span>0.6 <span class=\"_ _61\"> </span>2.5 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _57\"> </span><span class=\"ls18 ws0\">11.2 <span class=\"_ _133\"> </span>20.5 <span class=\"_ _12b\"> </span><span class=\"ls29\">31<span class=\"_ _43\"></span>.7 </span></span>Net carrying amount as at 31/12 <span class=\"_ _1e1\"> </span><span class=\"ls18 ws0\">29.<span class=\"_ _92\"></span>0 <span class=\"_ _53\"> </span><span class=\"ls49\">163.7 <span class=\"_ _16a\"> </span></span>192.7 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">14.1 <span class=\"_ _3\"> </span>163.0 <span class=\"_ _127\"> </span>177.1 </span>Other equity <span class=\"_ _92\"></span>interests <span class=\"_ _ca\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>Interests in unconsolidated subsidiaries Other equity interests To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>(Amortised) cost as a<span class=\"_ _92\"></span>t 1/1 <span class=\"_ _b1\"> </span><span class=\"ls0 ws0\">5.3 <span class=\"_ _3\"> </span>133.9 <span class=\"_ _127\"> </span>139.2 </span>Change in the basis of consolidation <span class=\"_ _1b1\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _16c\"> </span>8.6 <span class=\"_ _61\"> </span>8.3 </span>Additions from acquisitio<span class=\"_ _92\"></span>ns of interests and  capital increases <span class=\"_ _291\"> </span>0.0 <span class=\"_ _16c\"> </span>0.6 <span class=\"_ _61\"> </span>0.6 Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.2 </span>(Amortised) cost as at 31/12<span class=\"_ _92\"></span> <span class=\"_ _13\"> </span><span class=\"ls18 ws0\">4.8 <span class=\"_ _125\"> </span><span class=\"ls49\">143.1 <span class=\"_ _16a\"> </span></span>147.9 </span>Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _1\"> </span><span class=\"ls0 ws0\">6.5 <span class=\"_ _60\"> </span>0.1 <span class=\"_ _61\"> </span>6.6 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _293\"> </span><span class=\"ls0 ws0\">2.8 <span class=\"_ _9c\"> </span>19.8 <span class=\"_ _de\"> </span>22.6 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _d3\"> </span><span class=\"ls31 ws0\">9<span class=\"_ _43\"></span>.3 <span class=\"_ _9d\"> </span><span class=\"ls18\">19.9 <span class=\"_ _9c\"> </span>29.2 </span></span>Net carrying amount as at 31/12 <span class=\"_ _1e1\"> </span><span class=\"ls18 ws0\">14.<span class=\"_ _92\"></span>1 <span class=\"_ _53\"> </span><span class=\"ls49\">163.0 <span class=\"_ _16a\"> </span></span>177.1 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">11.9 <span class=\"_ _3\"> </span>134.0 <span class=\"_ _127\"> </span>145.8<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>4.6.1  Other equity<span class=\"_ _92\"></span> int<span class=\"_ _43\"></span>erests 273<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>4.7<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Investments, non-current receivables from derivativ<span class=\"_ _92\"></span>e  </span>financial instruments and no<span class=\"ls120 ws6d1\">n-current other receivables</span><span class=\"ls120 ws6d1\"> </span>Investments and loans are classified based on the provisions of IFRS <span class=\"_ _80\"></span>9.<span class=\"_ _43\"></span> Acquisitions and disposals of investmen<span class=\"_ _92\"></span>ts are recognised a<span class=\"_ _92\"></span>t the trade date<span class=\"_ _92\"></span>. The carrying amount of fin<span class=\"_ _92\"></span>ancial assets measured a<span class=\"_ _92\"></span>t amortised cost is determined based o<span class=\"_ _92\"></span>n the effective interest meth<span class=\"_ _92\"></span>od in consideration of any im<span class=\"_ _92\"></span>pairment losses<span class=\"_ _92\"></span>. The carr<span class=\"_ _43\"></span>ying amount<span class=\"_ _92\"></span> of financial assets measur<span class=\"_ _92\"></span>ed at fair value in the bal<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nce sheet is derive<span class=\"_ _92\"></span>d based on IFRS <span class=\"_ _80\"></span>13\u2019<span class=\"_ _92\"></span>s fair value hier<span class=\"_ _92\"></span>archy (see section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>5 Fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instruments). T<span class=\"_ _0\"></span>he notes r<span class=\"_ _92\"></span>egarding the closed items on the b<span class=\"_ _92\"></span>alance sheet can be found in<span class=\"_ _0\"></span> secti<span class=\"ls6f ws5d3\">on 8.1 F<span class=\"_ _92\"></span>inancial liabilities <span class=\"_ _92\"></span>as well as in section 11 </span>Risk mana<span class=\"_ _92\"></span>gement.<span class=\"_ _333\"> </span>Investme<span class=\"_ _92\"></span>nts, non-current r<span class=\"_ _92\"></span>eceivables from deriv<span class=\"_ _92\"></span>ative financial instrument<span class=\"_ _43\"></span>s and non-current other receivables <span class=\"_ _74\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _21f\"> </span><span class=\"ff2f fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _2\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>Investments \u2013 closed items on <span class=\"_ _92\"></span>the balance sheet <span class=\"_ _294\"> </span><span class=\"fc4 ls0 ws0\">376.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">407.3 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 closed items on the balance she<span class=\"_ _92\"></span>et<span class=\"_ _333\"> </span>2 <span class=\"_ _144\"> </span><span class=\"fc4\">70.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.5 </span>Other investments and other r<span class=\"_ _92\"></span>eceivables <span class=\"_ _262\"> </span><span class=\"fc4 ls0 ws0\">523.2 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">538.1 </span></span>Other receivables from derivativ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> financial instruments<span class=\"_ _333\"> </span>2 <span class=\"_ _194\"> </span><span class=\"fc4\">454.9 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">405.8 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _295\"> </span><span class=\"fc4 ls18\">1,425.3 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,382.7<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. // 2 see section<span class=\"_ _43\"></span> 6.2 Rece<span class=\"_ _43\"></span>ivables <span class=\"_ _43\"></span>from derivat<span class=\"_ _43\"></span>ive fina<span class=\"_ _43\"></span>ncial instr<span class=\"_ _43\"></span>uments Investments \u2013 <span class=\"_ _92\"></span>cross-border leasing and closed items on the balance sheet <span class=\"_ _1ad\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Securities (loan stock rights) under closed items on the balance sheet Other loans under closed items on the balance sheet To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _158\"> </span><span class=\"ls0 ws0\">67.7 <span class=\"_ _3\"> </span>309.2 <span class=\"_ _127\"> </span>376.9 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">4.0 <span class=\"_ _9c\"> </span>16.8 <span class=\"_ _de\"> </span>20.8 </span>Additions <span class=\"_ _cd\"> </span><span class=\"ls0\">2.7 <span class=\"_ _60\"> </span>3.5 <span class=\"_ _61\"> </span>6.2 </span>Capitalised interest <span class=\"_ _296\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _9c\"> </span>11.2 <span class=\"_ _de\"> </span>11.3 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>7.8 </span>Amortised acquisition <span class=\"ls22 ws62\">cost as at 31/1<span class=\"_ _43\"></span>2 <span class=\"_ _2f\"> </span><span class=\"ls49 ws0\">73.2 <span class=\"_ _53\"> </span><span class=\"ls31\">334.1 <span class=\"_ _16a\"> </span><span class=\"ls18\">407.3 </span></span></span></span>of which non-current assets <span class=\"_ _ce\"> </span><span class=\"ls0 ws0\">73.2 <span class=\"_ _3\"> </span>334.1 <span class=\"_ _127\"> </span>407.3<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>4.7.1  Inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ments,  non-cur<span class=\"_ _92\"></span>rent receiva<span class=\"_ _43\"></span>ble<span class=\"_ _43\"></span>s from deriva<span class=\"_ _92\"></span>tive financi<span class=\"_ _92\"></span>al instruments and  non-cur<span class=\"_ _92\"></span>rent other receiva<span class=\"_ _43\"></span>ble<span class=\"_ _43\"></span>s<span class=\"_ _333\"> </span> 274 Investments \u2013 <span class=\"_ _92\"></span>cross-border leasing and closed items on the balance sheet <span class=\"_ _1ad\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Securities (loan stock rights) under closed items on the balance sheet Other loans under closed items on the balance sheet To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _158\"> </span><span class=\"ls0 ws0\">60.7 <span class=\"_ _3\"> </span>279.3 <span class=\"_ _127\"> </span>340.0 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">4.8 <span class=\"_ _9c\"> </span>20.1 <span class=\"_ _de\"> </span>24.8 </span>Additions <span class=\"_ _cd\"> </span><span class=\"ls0\">2.6 <span class=\"_ _60\"> </span>4.8 <span class=\"_ _61\"> </span>7.4 </span>Capitalised interest <span class=\"_ _296\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _9c\"> </span>11.1 <span class=\"_ _de\"> </span>11.2 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.5 </span>Amortised acquisition <span class=\"ls22 ws62\">cost as at 31/1<span class=\"_ _43\"></span>2 <span class=\"_ _2f\"> </span><span class=\"ls18 ws0\">67.7 <span class=\"_ _125\"> </span>309.2 <span class=\"_ _3\"> </span>376.9 </span></span>of which non-current assets <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">67.7 <span class=\"_ _3\"> </span>309.2 <span class=\"_ _127\"> </span>376.9<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>On 31 <span class=\"_ _87\"></span>D<span class=\"_ _43\"></span>ecember 2022, the securities<span class=\"ls19 ws4af\"> consisted of medium-term note<span class=\"ls7d ws30e\">s with a principal amount of </span></span>$75.3m (previous year: $74.0m) and an amortise<span class=\"ls79 ws190\">d cost of \u20ac73.2m (previous year: \u20ac67.7m). </span>Securities in the amount of \u20ac73.2m (previous <span class=\"ls80\">year: \u20ac67.7m) and loans in the amount of \u20ac334.1m </span>(previous year: \u20ac309.2m) are pledged<span class=\"ls0 ws99d\">. The securities and loans all <span class=\"ls80 wsa5e\">serve banks as collateral for </span></span>borrowin<span class=\"_ _92\"></span>gs.<span class=\"_ _333\"> </span>  275<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Other investments and non-cu<span class=\"_ _43\"></span>rrent other receivables  <span class=\"_ _18a\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Loans to affiliated companies \u2013 not included in the basis of consolidation  Loans to inves<span class=\"_ _43\"></span>t<span class=\"_ _43\"></span>ees<span class=\"_ _43\"></span> Securities (loan stock rights) Other loans <span class=\"_ _1d1\"> </span><span class=\"ls16b ws0\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span>2022 <span class=\"_ _30\"> </span><span class=\"ls31\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _9c\"> </span>  </span>Cost as at 1/1 <span class=\"_ _27\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _4a\"> </span>24.6 <span class=\"_ _68\"> </span>148.8 <span class=\"_ _a3\"> </span>5.6 <span class=\"_ _24\"> </span>179.1 </span>Additions from  business acquisitions <span class=\"_ _199\"> </span><span class=\"ls0 ws0\">1.2 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _6c\"> </span>1.2 </span>Additions <span class=\"_ _70\"> </span><span class=\"ls0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _66\"> </span>32.4 <span class=\"_ _a3\"> </span>0.1 <span class=\"_ _2c\"> </span>32.5 </span>Reclassifications <span class=\"_ _2e\"> </span><span class=\"ls0\">1.5 <span class=\"_ _4a\"> </span>34.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _2c\"> </span>36.0 </span>Cost as at 31/12 <span class=\"_ _186\"> </span><span class=\"ls18 ws0\">2.7 <span class=\"_ _4b\"> </span>59.1 <span class=\"_ _23\"> </span>181.2 <span class=\"_ _15f\"> </span>5.7 <span class=\"_ _b8\"> </span>248.8 </span>Accumulated value adjustments <span class=\"_ _92\"></span> as at 1/1 <span class=\"_ _74\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _fd\"> </span>\u2013<span class=\"fsa\"> </span>10.4 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _1b3\"> </span>\u2013<span class=\"fsa\"> </span>10.4 </span>Impairment losses <span class=\"_ _11d\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4b\"> </span>\u2013<span class=\"fsa\"> </span>9.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4f\"> </span>\u2013<span class=\"fsa\"> </span>9.1 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _fe\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _6c\"> </span>0.5 </span>Disposals <span class=\"_ _1e1\"> </span><span class=\"ls0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4b\"> </span>\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4f\"> </span>\u2013<span class=\"fsa\"> </span>1.3 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s  as at 31/12 <span class=\"_ _73\"> </span><span class=\"ls18 ws0\">0.0<span class=\"_ _92\"></span> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _24\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">20.3 <span class=\"_ _15f\"> </span></span></span>0.0 <span class=\"_ _11c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">20.3 </span></span></span>Net carrying amount as at 31/12 <span class=\"_ _130\"> </span><span class=\"ls18 ws0\">2.7 <span class=\"_ _4b\"> </span>59.1 <span class=\"_ _fd\"> </span>160.9 <span class=\"_ _6a\"> </span>5.7 <span class=\"_ _1b3\"> </span>228.5 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _138\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _4a\"> </span>24.6 <span class=\"_ _10f\"> </span>138.4 <span class=\"_ _a3\"> </span>5.6 <span class=\"_ _24\"> </span>168.7 </span>Net carrying amount of other non-<span class=\"_ _333\"> </span>current receivables as at 31/12<span class=\"_ _333\"> </span>1 <span class=\"_ _6b\"> </span><span class=\"ls31\">  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">341.1 </span></span>Net carrying amount of other non-<span class=\"_ _333\"> </span>current receivables as at 1/1<span class=\"_ _333\"> </span>1 <span class=\"_ _1d8\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _1cd\"> </span>424.7 T<span class=\"_ _14\"></span>otal net carrying amount  as at 31/12 <span class=\"_ _178\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">569.6 </span></span>T<span class=\"_ _14\"></span>otal net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _1d4\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _1cd\"> </span>593.4 </span>1 incl. the carr<span class=\"_ _43\"></span>ying amoun<span class=\"_ _43\"></span>t of interest<span class=\"_ _43\"></span> rate swaps \u2013 <span class=\"_ _43\"></span>closed items<span class=\"_ _43\"></span> on balan<span class=\"_ _43\"></span>ce sheet; ex<span class=\"_ _43\"></span>cl. other non<span class=\"_ _43\"></span>-current r<span class=\"_ _43\"></span>eceivables from<span class=\"_ _43\"></span> der<span class=\"ls4d ws4f\">iva<span class=\"_ _43\"></span>tive finan<span class=\"_ _43\"></span>cial instru<span class=\"_ _43\"></span>ment<span class=\"_ _333\"> </span></span><span class=\"ls4d ws4f\">s<span class=\"_ _333\"> </span></span><span class=\"ls4d ws4f\"> </span>276 Other investments and non-cu<span class=\"_ _43\"></span>rrent other receivables<span class=\"_ _333\"> </span>1  <span class=\"_ _100\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Loans to inves<span class=\"_ _43\"></span>t<span class=\"_ _43\"></span>ees<span class=\"_ _43\"></span> Securities (loan stock rights) Other loans <span class=\"_ _59\"> </span><span class=\"ls16b ws0\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _81\"></span> </span>2021 <span class=\"_ _c3\"> </span><span class=\"ls0\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _60\"> </span>  <span class=\"_ _24c\"> </span>  <span class=\"_ _61\"> </span>  </span></span>Cost as at 1/1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _4b\"> </span>73.7 <span class=\"_ _2c\"> </span>147.5 <span class=\"_ _53\"> </span>5.4 <span class=\"_ _66\"> </span>226.8 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _157\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>7.1 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>7.1 </span>Additions <span class=\"_ _ae\"> </span><span class=\"ls0\"> <span class=\"_ _6a\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.2 <span class=\"_ _127\"> </span>0.2 </span>Disposals <span class=\"_ _99\"> </span><span class=\"ls0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>1.5 </span>Reclassifications <span class=\"_ _34\"> </span><span class=\"ls0\"> <span class=\"_ _24\"> </span>\u2013<span class=\"fsa\"> </span>49.1 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>4.3 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>53.4 </span>Cost as at 31/12 <span class=\"_ _2f\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _2c\"> </span><span class=\"ls18\">24.6<span class=\"_ _92\"></span> <span class=\"_ _4f\"> </span>148.8 <span class=\"_ _53\"> </span>5.6 <span class=\"_ _26\"> </span>179.1 </span></span>Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _8\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _119\"> </span>\u2013<span class=\"fsa\"> </span>18.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>18.5 </span>Rev<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rsal of impairment losses<span class=\"_ _92\"></span> <span class=\"_ _58\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>5.6 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2\"> </span>5.6 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _b5\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>0.9 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>0.9 </span>Disposals <span class=\"_ _99\"> </span><span class=\"ls0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>1.6 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2\"> </span>1.6 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _a8\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _6a\"> </span><span class=\"ls18\">0.0 <span class=\"_ _1d1\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">10.4 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _4f\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">10.4 </span></span>Net carrying amount as at 31/12 <span class=\"_ _e3\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _2c\"> </span><span class=\"ls18\">24.6 <span class=\"_ _119\"> </span>138.4 <span class=\"_ _125\"> </span>5.6 <span class=\"_ _2c\"> </span>168.7 </span></span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _19f\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _4b\"> </span>73.7 <span class=\"_ _2c\"> </span>129.0 <span class=\"_ _53\"> </span>5.4 <span class=\"_ _66\"> </span>208.2 </span>Net carrying amount of other non- current receivables as at 31/12<span class=\"_ _333\"> </span>2 <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _24c\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _10d\"> </span><span class=\"ls18\">424.7 </span></span>Net carrying amount of other non- current receivables as at 1/1<span class=\"_ _333\"> </span>2 <span class=\"_ _123\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _119\"> </span>146.4 T<span class=\"_ _14\"></span>otal net carrying amount as at 31/12 <span class=\"_ _a5\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _24c\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _10d\"> </span><span class=\"ls49\">593.4 </span></span></span>T<span class=\"_ _14\"></span>otal net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _55\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _130\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _119\"> </span>354.7 </span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. // 2 incl. the car<span class=\"_ _43\"></span>rying amount o<span class=\"_ _43\"></span>f interest ra<span class=\"_ _43\"></span>te swaps \u2013 cl<span class=\"_ _43\"></span>osed items <span class=\"_ _43\"></span>on balance <span class=\"_ _43\"></span>sheet;  excl. other non-c<span class=\"_ _92\"></span>urrent receivables from deriva<span class=\"_ _92\"></span>tive financial instruments<span class=\"_ _333\"> </span> Securities in the amount of \u20ac160.9m (previous year:<span class=\"ls46 ws466\"> \u20ac138.4m) primarily includ<span class=\"ls71 ws1fa\">e shar<span class=\"_ _92\"></span>es of investment </span></span>funds to co<span class=\"_ _92\"></span>ver employee benefit oblig<span class=\"_ _92\"></span>ations and were clas<span class=\"_ _92\"></span>sified as measured at fair value <span class=\"_ _92\"></span>through profit or loss.<span class=\"_ _333\"> </span> 277<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>5.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1e0 wsa81\">Financial instrument<span class=\"_ _92\"></span>s </span>5.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span><span class=\"ff2a\">Accounting treatment of finan<span class=\"_ _92\"></span>cial instruments</span></span><span class=\"ff36 ls0\"><span class=\"ff2a\"> </span></span>Primary financial instruments For information r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>garding acco<span class=\"_ _92\"></span>unting polici<span class=\"ls80 wsde\">es for primar<span class=\"_ _43\"></span>y financial instruments see: </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls28 ws2ae\">Interests accounted for using the e<span class=\"_ _43\"></span>quity method \u2013<span class=\"_ _43\"></span> section 4.5 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">Other equity inter<span class=\"_ _92\"></span>ests \u2013 section 4.6 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls98 wsc6\">Investments and non-current othe<span class=\"_ _43\"></span>r receivables \u2013 section 4.7 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital \u2013 section 6 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls80 wsde\">Liabilities \u2013 section 8 </span></span>Deriva<span class=\"_ _92\"></span>tive financia<span class=\"_ _92\"></span>l instruments  Derivative fina<span class=\"_ _92\"></span>ncial instruments are r<span class=\"_ _92\"></span>ecognised at fair value when the contr<span class=\"_ _92\"></span>act is entered in<span class=\"_ _92\"></span>to and are subsequently me<span class=\"_ _92\"></span>asured at fair value<span class=\"_ _92\"></span>. As a rule, unrealised r<span class=\"_ _92\"></span>emeasuremen<span class=\"_ _92\"></span>t gains or losses are recognised in the inco<span class=\"_ _92\"></span>me statement if the requir<span class=\"_ _92\"></span>ements for recognition o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships (hedg<span class=\"_ _92\"></span>e accounting) in <span class=\"_ _92\"></span>accordance with IFRS <span class=\"_ _80\"></span>9 are n<span class=\"_ _92\"></span>ot met (see section <span class=\"_ _87\"></span>5.2 Accounting trea<span class=\"_ _92\"></span>tment of hedging relationships). Derivative fin<span class=\"_ _92\"></span>ancial instruments with positive fair<span class=\"_ _0\"></span> values ar<span class=\"_ _92\"></span>e recognised under r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables fr<span class=\"_ _92\"></span>om derivative finan<span class=\"_ _92\"></span>cial instruments, while those <span class=\"_ _92\"></span>with ne<span class=\"ws105\">gative fair values ar<span class=\"_ _92\"></span>e recognised under liabilities </span>from deriv<span class=\"_ _92\"></span>ative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments. If a f<span class=\"_ _92\"></span>ramework agr<span class=\"_ _92\"></span>eement with a netting arr<span class=\"_ _92\"></span>angement h<span class=\"_ _92\"></span>as been enter<span class=\"_ _92\"></span>ed into with a counterparty, th<span class=\"_ _92\"></span>e positive and negative fair v<span class=\"_ _92\"></span>alues of the transactio<span class=\"_ _92\"></span>ns for this counterparty fo<span class=\"_ _92\"></span>r the corresponding periods ar<span class=\"_ _92\"></span>e netted for accountin<span class=\"_ _92\"></span>g purposes because the aim is to settle on a net<span class=\"_ _43\"></span> basis. So-called own-use contracts are not accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for as <span class=\"lsbc ws978\">derivative financial inst<span class=\"ls98 ws671\">ruments, but instead as </span></span>executory contracts (<span class=\"_ _92\"></span>own use exem<span class=\"_ _92\"></span>ption). If supplier contr<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>cts that<span class=\"_ _92\"></span> previously repr<span class=\"_ _92\"></span>esented own-use contracts le<span class=\"_ _92\"></span>ad to a net settlement within the <span class=\"_ _92\"></span>meaning of IFRS <span class=\"_ _92\"></span>9, they must be qualified as fr<span class=\"_ _92\"></span>eestanding derivatives and r<span class=\"_ _92\"></span>ecognised at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span> 278 Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _1d\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Assets \u2013 balance sheet items <span class=\"_ _a4\"> </span><span class=\"ff2f ls32 ws0\">Measurement </span>categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l <span class=\"_ _1e6\"> </span><span class=\"ls1a\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>15.4 <span class=\"_ _2\"> </span>15.4 </span></span>Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">13.6 <span class=\"_ _2\"> </span>13.6 </span></span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _b8\"> </span>27.4 <span class=\"_ _2\"> </span>27.4 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>121.2 <span class=\"_ _6a\"> </span>121.2 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">15.1 <span class=\"_ _2\"> </span>15.1 </span></span></span>Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">192.7 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>369.7 <span class=\"_ _6a\"> </span>369.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>36.2 <span class=\"_ _2\"> </span>36.2 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>31.5 <span class=\"_ _2\"> </span>31.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _27f\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">437.3 <span class=\"_ _14b\"> </span></span>  </span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>152.4 <span class=\"_ _6a\"> </span>152.4 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _119\"> </span>7.3 <span class=\"_ _ac\"> </span>7.3 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _a9\"> </span><span class=\"ls1c\">AC <span class=\"_ _119\"> </span><span class=\"ls0\">1.3 <span class=\"_ _de\"> </span>1.3 </span></span></span>Securities \u2013 closed items on th<span class=\"_ _92\"></span>e balance sheet <span class=\"_ _111\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>73.2 <span class=\"_ _16a\"> </span>71.2 </span></span>Other loans \u2013 closed item<span class=\"ls5e ws5f\">s on the balance sheet <span class=\"_ _14a\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>334.1 <span class=\"_ _6a\"> </span>335.9 </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>59.1 <span class=\"_ _2\"> </span>53.4 </span></span>Loans to affiliated companies <span class=\"_ _32\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>2.7 <span class=\"_ _de\"> </span>2.7 </span></span>Other loans <span class=\"_ _298\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.8 <span class=\"_ _de\"> </span>5.0 </span></span>Other <span class=\"_ _26c\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">3 <span class=\"_ _1b3\"> </span>21.2 <span class=\"_ _2\"> </span>21.2 </span></span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">250.2 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.3 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other inve<span class=\"_ _92\"></span>stments and non-current other receivables <span class=\"_ _299\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">945.5 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _119\"> </span>4.7 <span class=\"_ _ac\"> </span>4.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,820.7 <span class=\"_ _5a\"> </span>1,820.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>8.3 <span class=\"_ _ac\"> </span>8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls29\">1,833.7 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">968.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">57.9 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>3.5 <span class=\"_ _ac\"> </span>3.0 </span></span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _4f\"> </span>0.2 <span class=\"_ _de\"> </span>0.2 </span></span>Emission rights <span class=\"_ _e0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">49.0 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">428.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.7 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _b4\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,546.1 <span class=\"_ _14b\"> </span></span>  </span>Cash and cash equivalents <span class=\"_ _a0\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _179\"> </span><span class=\"ls18\">409.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _125\"> </span>  <span class=\"_ _14b\"> </span>  </span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _146\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,592.4 <span class=\"_ _93\"> </span>  </span></span>Financial assets measured at fair value through  profit or loss <span class=\"_ _6f\"> </span><span class=\"ws0\">FVPL <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,444.8 <span class=\"_ _14b\"> </span>  </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _13c\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _21\"> </span>201.3 <span class=\"_ _14b\"> </span></span></span><span class=\"ls48 ws0\"><span class=\"ls0\">  </span></span>5.1.1  Additional disclosures  regar<span class=\"_ _92\"></span>ding financial instruments in accordance<span class=\"_ _92\"></span> with IFRS 7 279<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _148\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Liabilities \u2013 balance sheet items <span class=\"_ _19c\"> </span><span class=\"ff2f ls247 ws0\">Measurement </span>categories in accordance with IFRS 9 Level <span class=\"_ _17\"> </span><span class=\"ls24b\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Bonds <span class=\"_ _29a\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,151.0 <span class=\"_ _15f\"> </span>956.5 </span></span>Financial liabilities to <span class=\"ls1f ws25a\">banks and to others <span class=\"_ _1a2\"> </span></span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span></span>2 <span class=\"_ _5d\"> </span>2,304.6 <span class=\"_ _5a\"> </span>2,323.5 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _266\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>126.6 <span class=\"_ _6a\"> </span>140.2 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _4e\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _8\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _21\"> </span>312.3 <span class=\"_ _6a\"> </span>312.3 </span></span>Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _199\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">7.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Put liability <span class=\"_ _239\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">52.1 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls38\">3,95<span class=\"_ _43\"></span>3.9 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,069.2 <span class=\"_ _5a\"> </span>1,069.2 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,069.2<span class=\"_ _92\"></span> <span class=\"_ _93\"> </span><span class=\"ls31\">  </span></span></span>Electricity supply commitment <span class=\"_ _101\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">113.4 <span class=\"_ _d9\"> </span></span>\u2013 </span>Obligation to return an interest <span class=\"_ _135\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _21\"> </span>116.7 <span class=\"_ _6a\"> </span>124.5 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">2.8 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _21\"> </span></span>126.0 <span class=\"_ _14b\"> </span>  Deferred income<span class=\"_ _43\"></span> for grants (emiss<span class=\"_ _43\"></span>ion rights) <span class=\"_ _1e4\"> </span><span class=\"ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls0\">0.1 <span class=\"_ _d9\"> </span><span class=\"ls31\">\u2013 </span></span></span>Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">204.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other non-current liabilities  <span class=\"_ _1a7\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls49\">5<span class=\"_ _43\"></span>63.4 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _5\"> </span>216.7 <span class=\"_ _15f\"> </span>216.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,274.9 <span class=\"_ _5a\"> </span>1,274.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,491.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">412.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _1b3\"> </span></span>10.8 <span class=\"_ _93\"> </span>  Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">467.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">144.6 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade payables and other liabilities <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,035.8 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _49\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _1ad\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _49\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>4,838.6 <span class=\"_ _93\"> </span>  </span></span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss <span class=\"_ _29b\"> </span><span class=\"ws0\">FVPL <span class=\"_ _11c\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,560.8 <span class=\"_ _93\"> </span>  </span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _21\"> </span>312.3 <span class=\"_ _14b\"> </span></span></span><span class=\"ls45 ws44\"><span class=\"ls0 ws0\">  </span></span>280 Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _1b3\"> </span>13.4 <span class=\"_ _127\"> </span>13.4 Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _4f\"> </span>0.6 <span class=\"_ _de\"> </span>0.6 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>1 <span class=\"_ _1b3\"> </span>29.7 <span class=\"_ _127\"> </span>29.7 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>117.0 <span class=\"_ _15f\"> </span>117.0 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _1b3\"> </span>16.4 <span class=\"_ _127\"> </span>16.4 Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">177.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>454.9 <span class=\"_ _6a\"> </span>454.9 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>70.3 <span class=\"_ _2\"> </span>70.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">525.2 <span class=\"_ _14b\"> </span></span>  </span>Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _29e\"></span>130.4 <span class=\"_ _29f\"></span>130.4 Securities FVOCI <span class=\"_ _2a0\"></span>3 <span class=\"_ _2a1\"></span>6.7 <span class=\"_ _2a2\"></span>6.7 Securities FVOCI <span class=\"_ _2a3\"></span>AC <span class=\"_ _2a1\"></span>1.3 <span class=\"_ _2a2\"></span>1.3 Securities \u2013 closed items on the balance sheet <span class=\"_ _e7\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>67.7 <span class=\"_ _127\"> </span>65.4 Other loans \u2013 closed items on the balance sheet <span class=\"_ _35\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>309.2 <span class=\"_ _6a\"> </span>328.9 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>24.6 <span class=\"_ _127\"> </span>23.8 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>5.6 <span class=\"_ _de\"> </span>6.0 Other FVPL <span class=\"_ _2a4\"></span>3 <span class=\"_ _2a5\"></span>43.5 <span class=\"_ _2a6\"></span>43.5 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>274.5 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>36.5 <span class=\"_ _2ac\"></span>\u2013 Other inve<span class=\"_ _92\"></span>stments and non-current other receivables   <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">900.1 <span class=\"_ _93\"> </span></span>  Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _1b3\"> </span>31.3 <span class=\"_ _2\"> </span>31.3 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,941.3 <span class=\"_ _5a\"> </span>1,771.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,972.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span>AC <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>818.4 <span class=\"_ _d9\"> </span>\u2013 Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>57.6 <span class=\"_ _d9\"> </span>\u2013 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>49.1 <span class=\"_ _127\"> </span>49.6 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _de\"> </span>0.0 Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _2ad\"></span>4.3 <span class=\"_ _2ae\"></span>4.3 Emission rights <span class=\"_ _e0\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>31.2 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>334.7 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>38.1 <span class=\"_ _2ac\"></span>\u2013 T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _2af\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>1,333.4 <span class=\"_ _93\"> </span>  </span>Cash and cash equivalents <span class=\"_ _c6\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _15e\"> </span><span class=\"ls18\">318.6 <span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc ws0\"><span class=\"ls0\"> </span></span>281<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial assets at amor<span class=\"ls59 ws5a\">tised cost <span class=\"_ _bf\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,260.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair value thro<span class=\"ls0 ws0\">u<span class=\"_ _92\"></span>gh profit or loss <span class=\"_ _d5\"> </span>FVPL <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,676.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair valu<span class=\"_ _92\"></span>e through other comprehensive income <span class=\"_ _118\"> </span>FVOCI <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>185.2 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>282 Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _16b\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Liabilities \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Bonds AC <span class=\"_ _2b0\"></span>2 <span class=\"_ _2b1\"></span>990.6 <span class=\"_ _2b2\"></span>1,019.8 Financial liabilities to banks<span class=\"ls46 ws2fb\"> and to others <span class=\"_ _1a2\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _22d\"> </span>1,858.8 <span class=\"_ _5a\"> </span>1,740.2 </span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance sheet <span class=\"_ _31\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>117.1 <span class=\"_ _6a\"> </span>150.9 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance<span class=\"ls19 ws184\"> sheet <span class=\"_ _288\"> </span>FVPL \u2013 D <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>330.1 <span class=\"_ _15f\"> </span>330.1 </span>Capital shares attributable <span class=\"ls0 ws0\">to limited partners <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _d9\"> </span>\u2013 </span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _21d\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>734.8 <span class=\"_ _6a\"> </span>734.8 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">734.8 <span class=\"_ _14b\"> </span></span>  </span>Electricity supply commitment <span class=\"_ _2a\"> </span>\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>126.5 <span class=\"_ _d9\"> </span>\u2013 Obligation to return an interest <span class=\"_ _135\"> </span>AC <span class=\"_ _8\"> </span>3 <span class=\"_ _5\"> </span>140.4 <span class=\"_ _6a\"> </span>243.3 T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>2.1 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>86.0 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>107.2 <span class=\"_ _2b3\"></span>\u2013 Non-current other liabilities <span class=\"_ _287\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">462.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>117.4 <span class=\"_ _6a\"> </span>117.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>3,190.1 <span class=\"_ _5a\"> </span>3,755.1 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.9 <span class=\"_ _de\"> </span>5.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current)   <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>3,313.3 <span class=\"_ _93\"> </span>  T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _5\"> </span>293.6 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>8.3 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>324.8 <span class=\"_ _2b3\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2b4\"></span>109.8 <span class=\"_ _29d\"></span>\u2013 T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _1a6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">736.4 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilities at amor<span class=\"_ _92\"></span>tised cost <span class=\"_ _2b5\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _5d\"> </span>3,834.5 <span class=\"_ _93\"> </span>  Financial liabilities at f<span class=\"_ _92\"></span>air value thro<span class=\"ls5d ws5e\">ugh profit or loss <span class=\"_ _e3\"> </span>FVPL <span class=\"_ _49\"> </span>  <span class=\"_ _5d\"> </span>4,048.1 <span class=\"_ _93\"> </span>  </span>Financial liabilities at <span class=\"ls60 ws259\">fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span>FVPL \u2013 D <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>330.1 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>283<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>For<span class=\"_ _92\"></span> financial liabilities (under closed items on<span class=\"_ _92\"></span> the balance sheet) classified as FVPL in the abo<span class=\"_ _92\"></span>ve table, the differ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nce b<span class=\"ls74 ws6bf\">etween the carrying amount as at <span class=\"_ _92\"></span><span class=\"ls79 ws685\">31 <span class=\"_ _85\"></span>December 2022 and the amount that </span></span>VERBUND would ha<span class=\"_ _92\"></span>ve to pay upon maturity is \u20ac26.3m<span class=\"ls7d ws284\"> (previous year: \u20ac2.9m). The amount due upon </span>maturity was tr<span class=\"_ _92\"></span>anslated at the rate (\u20ac1=$1) of <span class=\"lsab ws8a7\">1.0666 on the reporting date (pr<span class=\"_ _92\"></span>evious year<span class=\"_ _63\"></span>: 1.1326). <span class=\"_ _88\"></span> </span>In the even<span class=\"_ _92\"></span>t of insolvency, derivative fin<span class=\"_ _92\"></span>ancial instruments in the fin<span class=\"_ _92\"></span>ance area (under closed it<span class=\"_ _92\"></span>ems on the balance sheet)<span class=\"_ _92\"></span> can be netted agains<span class=\"_ _92\"></span>t the financial liabilities cl<span class=\"_ _92\"></span>assified as FVPL (under closed items on the balance <span class=\"_ _92\"></span>sheet) (see section 11 Risk man<span class=\"_ _92\"></span>agement).<span class=\"_ _333\"> </span>Of the derivative fin<span class=\"_ _92\"></span>ancial instruments in the energy<span class=\"_ _92\"></span> area classified as FVPL in the abo<span class=\"_ _92\"></span>ve table, positive fair values in the amoun<span class=\"_ _0\"></span>t of \u20ac1,012.1m (pre<span class=\"ls79 ws3a9\">vious year:<span class=\"_ _43\"></span> \u20ac504.1m) and negative fair values in the </span>amount of \u20ac2,491.9m (previous year: \u20ac2,425.8m) relate to hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships designated as c<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>sh flow hedges. T<span class=\"_ _92\"></span>hese fair values repr<span class=\"_ _92\"></span>esent gross am<span class=\"_ _92\"></span>ounts<span class=\"_ _43\"></span>; following the inter-<span class=\"_ _92\"></span>portfolio netting carried out in accordan<span class=\"_ _92\"></span>ce with VERBUND\u2019<span class=\"_ _14\"></span>s accounting policies (see sec<span class=\"_ _92\"></span>tion <span class=\"_ _88\"></span>11.2 Risk management in<span class=\"_ _92\"></span> the energy area), cash flow hedges can no longer be<span class=\"_ _43\"></span> isolated.<span class=\"_ _333\"> </span>The interests in unconsoli<span class=\"_ _43\"></span>dated su<span class=\"lsa2 ws11b\">bsidiaries, other equity int<span class=\"_ _92\"></span>erests an<span class=\"ws252\">d other securities<span class=\"ls70 ws446\"> classified as </span></span></span>FVO<span class=\"_ _43\"></span>CI in the abo<span class=\"_ _92\"></span>ve table are hel<span class=\"_ _92\"></span>d for the long term due to str<span class=\"_ _92\"></span>ategic considera<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ions<span class=\"_ _92\"></span>. Details regar<span class=\"_ _92\"></span>ding the fair value an<span class=\"_ _92\"></span>d the dividend distributions of the <span class=\"lsb3 wsb76\">individual financial instru<span class=\"ls95 wsa66\">ments classified as FVO<span class=\"_ _43\"></span>CI </span></span>can be taken fr<span class=\"_ _92\"></span>om the following table:<span class=\"_ _92\"></span> Details regar<span class=\"_ _92\"></span>ding FVOCI equity interests 2022  <span class=\"_ _5e\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _30\"> </span><span class=\"ff2f fc4 ls2d ws90d\">Fair value as at </span>31/12/2021 Fair value as at 31/12<span class=\"_ _43\"></span>/2022 Dividend as at 31/12/2021 Dividend as at 31/12/202<span class=\"_ _43\"></span>2 Energie AG Ober\u00f6ster<span class=\"_ _92\"></span>reich <span class=\"_ _11d\"> </span><span class=\"fc4 ls0 ws0\">117.0 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">121.2 <span class=\"_ _56\"> </span></span>3.5 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0 ls18\">2.8 </span></span>Burgenland Holding Ak<span class=\"_ _92\"></span>tiengesellschaft <span class=\"_ _110\"> </span><span class=\"fc4 ls0 ws0\">29.7 <span class=\"_ _3c\"> </span><span class=\"ff2f fc0 ls18\">27.4 <span class=\"_ _56\"> </span></span>1.0 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0 ls18\">1.0 </span></span>V<span class=\"_ _92\"></span>erfahren Umwelt Management GmbH<span class=\"_ _92\"></span> <span class=\"_ _2b6\"> </span><span class=\"fc4 ls0 ws0\">9.8 <span class=\"_ _3c\"> </span><span class=\"ff2f fc0 ls18\">11.8 <span class=\"_ _1a\"> </span></span>0.8 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls31\">1.3 </span></span>HalloSonne GmbH <span class=\"_ _2b7\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _56\"> </span><span class=\"ff2f fc0 ls18\">8.1 <span class=\"_ _61\"> </span></span>\u2013 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Wien<span class=\"_ _92\"></span>er B\u00f6rse AG <span class=\"_ _42\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _56\"> </span><span class=\"ff2f fc0 ls31\">7.3 <span class=\"_ _1a\"> </span></span>0.7 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">0.6 </span></span>PV Invest Project 3 S.R.L. <span class=\"_ _113\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _56\"> </span><span class=\"ff2f fc0 ls18\">5.0 <span class=\"_ _61\"> </span></span>\u2013 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Gestionnaires du R\u00e9seau de T<span class=\"_ _14\"></span>ransport d\u2019\u00c9lectricit\u00e9 (R<span class=\"_ _92\"></span>TE) <span class=\"_ _2b8\"> </span><span class=\"fc4 ls0 ws0\">4.8 <span class=\"_ _9a\"> </span><span class=\"ff2f fc0 ls18\">4.8 <span class=\"_ _1a\"> </span></span>0.6 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">0.7 </span></span>CISMO <span class=\"_ _137\"> </span><span class=\"fc4 ls0\">3.7 <span class=\"_ _9a\"> </span></span><span class=\"ff2f ls18\">2.6 <span class=\"_ _1a\"> </span></span><span class=\"fc4 ls0\">0.4 <span class=\"_ _133\"> </span></span><span class=\"ff2f ls18\">0.5 </span>Other <span class=\"_ _108\"> </span><span class=\"fc4 ls0\">13.3 <span class=\"_ _51\"> </span></span><span class=\"ff2f ls49\">13.1 <span class=\"_ _56\"> </span></span><span class=\"fc4 ls0\">1.2 <span class=\"_ _9d\"> </span></span><span class=\"ff2f ls18\">2.6</span><span class=\"ff2f ls18\"> </span>284 V<span class=\"_ _14\"></span>aluation techniques and<span class=\"_ _92\"></span> input factors f<span class=\"_ _92\"></span>or determining f<span class=\"_ _92\"></span>air values <span class=\"_ _24a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Lev<span class=\"_ _92\"></span>el <span class=\"_ _177\"> </span><span class=\"ff2f ls32 ws5a8\">Financial Instruments <span class=\"_ _2b9\"> </span><span class=\"ls46 ws2b\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _21a\"> </span><span class=\"ls2d ws90d\">Input factor </span></span></span>1 <span class=\"_ _1e5\"> </span><span class=\"ls21 ws22\">Energy forwards <span class=\"_ _2ba\"> </span><span class=\"ls1f ws20\">Market approach <span class=\"_ _1e8\"> </span><span class=\"ls24 ws24\">Settlement price <span class=\"_ _92\"></span>published by the  </span></span></span>stock exchange 1 <span class=\"_ _1e5\"> </span><span class=\"ls59 ws5a\">Securities, other eq<span class=\"ls36 ws35\">uity interest in </span></span>Burgenland Holding AG<span class=\"_ _92\"></span> Market approach <span class=\"_ _1e8\"> </span><span class=\"ls1a ws1c\">Stock exchange price </span>2 <span class=\"_ _1e5\"> </span><span class=\"ls32 ws2e\">Securities and other loans under  </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet,  long-term loans, li<span class=\"ls1d ws1e\">abilities to banks, </span>bonds and other financial liabilities Net present value approach Payments associated with the financial instruments, yield curve, credit risk of the contracting parties <span class=\"_ _92\"></span>(credit default swaps or credit spread curves) 2 <span class=\"_ _1e5\"> </span><span class=\"ls62 ws64\">Interests in unconsolidated subsidiaries, </span>other equity interest in En<span class=\"_ _92\"></span>ergie AG Ober\u00f6sterreich and RTE Market approach <span class=\"_ _1e8\"> </span><span class=\"ls2a ws28\">Trading multiple, transac<span class=\"_ _92\"></span>tion price </span>2 <span class=\"_ _1e5\"> </span><span class=\"ls32 ws2f\">Non-listed energy forwards <span class=\"_ _154\"> </span><span class=\"ls1cf ws95b\">Net present value </span></span>approach Forward price curve de<span class=\"_ _92\"></span>rived from  stock exchange, yi<span class=\"_ _92\"></span>eld curve, credit risk of the contracting parti<span class=\"_ _92\"></span>es 2 <span class=\"_ _1e5\"> </span><span class=\"ls1c ws31d\">Other assets and liabilities measured at </span>fair value in the finance a<span class=\"_ _92\"></span>rea Net present value approach Cash flows already fixed or<span class=\"_ _92\"></span> determined via forward rates, y<span class=\"_ _92\"></span>ield <span class=\"ls5d ws5e\">curve, credit risk </span>of the contracting parti<span class=\"_ _92\"></span>es 3 <span class=\"_ _1e5\"> </span><span class=\"ls46 ws45\">Return obligation (ob<span class=\"ls34 ws32\">ligation to transfer </span></span>back the 50 % interest acquire<span class=\"_ _92\"></span>d in Donaukraftwerk Jochenstein AG) Net present value approach Price forecasts for electricity,  weighted ave<span class=\"_ _43\"></span>rage cost of cap<span class=\"_ _43\"></span>ital  after taxes 3 <span class=\"_ _1e5\"> </span><span class=\"ls1c ws1d\">Securities (shares of Wiener B\u00f6rse AG)<span class=\"_ _92\"></span> <span class=\"_ _1e9\"> </span><span class=\"ls1cf ws95b\">Net present value </span></span>approach Expected distribution o<span class=\"_ _92\"></span>f profits,  cost of equity 3 <span class=\"_ _1e5\"> </span><span class=\"ls60 ws61\">Other non-current receivables  </span>(profit participation ri<span class=\"ls27 ws27\">ght with respect to </span>material assets of TAG) Net present value approach Expected distribution o<span class=\"_ _92\"></span>f profits,  cost of equity AC <span class=\"_ _1e9\"> </span><span class=\"ls34 ws32\">Other shares of unconsolidated </span>subsidiaries, other equity<span class=\"_ _92\"></span> interests and securities \u2013 <span class=\"_ _79\"> </span><span class=\"ls1e ws1f\">Cost as the bes<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> estimate of fair val<span class=\"_ _92\"></span>ue </span>\u2013 Cash and cash equivalents, <span class=\"_ _92\"></span> trade receivables and p<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>yables,  current other receivables, other borrowing within current credi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> lines  as well as current other liabilities \u2013 <span class=\"_ _79\"> </span><span class=\"ls74 ws68\">Carrying amount <span class=\"_ _92\"></span>as the best estimate of </span>fair value 285<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Expected cash outflows as<span class=\"_ _92\"></span> at 31/12/2022 <span class=\"_ _277\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _a5\"> </span><span class=\"ls31\">\u20acm </span></span>Maturity <span class=\"_ _241\"> </span><span class=\"ff2f ls18\">2023 <span class=\"_ _7\"> </span>2024 <span class=\"_ _177\"> </span>2025\u2013<span class=\"fsa ls0\"> </span><span class=\"ls17\">2027 <span class=\"_ _17a\"> </span><span class=\"ls49 ws31a\">From 2028 </span></span></span>Bonds <span class=\"_ _206\"> </span><span class=\"ls0\">28.4 <span class=\"_ _21\"> </span>528.5 <span class=\"_ _1c\"> </span>60.9 <span class=\"_ _7\"> </span>692.7 </span>Financial liabilities to banks<span class=\"_ _333\"> </span>1 <span class=\"_ _2bb\"> </span>65.0 <span class=\"_ _11\"> </span>101.4 <span class=\"_ _11\"> </span>693.1 <span class=\"_ _8\"> </span>414.1 Financial liabilit<span class=\"lscc ws25e\">ies to others <span class=\"_ _2b8\"> </span><span class=\"ls0 ws0\">6.4 <span class=\"_ _11\"> </span>152.9 <span class=\"_ _26\"> </span>1.7 <span class=\"_ _23\"> </span>22.5 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet<span class=\"_ _333\"> </span>2 <span class=\"_ _1a1\"> </span>21.1 <span class=\"_ _1c\"> </span>15.8 <span class=\"_ _11\"> </span>439.1 <span class=\"_ _fd\"> </span>27.3 Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _112\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _26\"> </span>7.3 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 </span></span>Cash outflows on <span class=\"ls5d\">financial liabilities <span class=\"_ _4e\"> </span><span class=\"ls18 ws0\">120.9 <span class=\"_ _5\"> </span>805.<span class=\"_ _92\"></span>9 <span class=\"_ _22d\"> </span>1,194.8 <span class=\"_ _1e5\"> </span>1,156.7 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _137\"> </span><span class=\"ls0 ws0\">412.7 <span class=\"_ _1c5\"> </span>0.7 <span class=\"_ _26\"> </span>1.7 <span class=\"_ _4b\"> </span>0.4 </span>Other <span class=\"_ _26a\"> </span><span class=\"ls0\">467.7 <span class=\"_ _11\"> </span>165.6 <span class=\"_ _1c\"> </span>15.5 <span class=\"_ _8\"> </span>140.0 </span>Cash outflows on trade payables and other pay<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>bles <span class=\"_ _3\"> </span><span class=\"ls18 ws0\">880.4 <span class=\"_ _5\"> </span>166.3<span class=\"_ _92\"></span> <span class=\"_ _1b3\"> </span>17.2 <span class=\"_ _11\"> </span>140.4 </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area<span class=\"_ _333\"> </span>3 <span class=\"_ _12b\"> </span>1,071.5 <span class=\"_ _11\"> </span>201.8 <span class=\"_ _1c\"> </span>90.1 <span class=\"_ _4b\"> </span>0.0 Cash outflows from liabilitie<span class=\"ls36 ws68\">s from deriv<span class=\"_ _92\"></span>ative financial </span>instruments 1,071.5 <span class=\"_ _15e\"> </span>201.8 <span class=\"_ _1b3\"> </span>90.1 <span class=\"_ _2c\"> </span>0.0<span class=\"_ _92\"></span> Cash outflows on liabilities <span class=\"ls62 ws90e\">in accordance with IFRS 7 <span class=\"_ _fd\"> </span><span class=\"ls18 ws0\">2,072.8 <span class=\"_ _1e2\"> </span>1,173.9 <span class=\"_ _1e2\"> </span>1,302.1 <span class=\"_ _1e5\"> </span>1,297.1 </span></span>1 excl. money mark<span class=\"_ _92\"></span>et transactions of \u20ac1,430.0m // 2 Cash outflows<span class=\"_ _43\"></span> under cl<span class=\"_ _43\"></span>osed items on th<span class=\"_ _43\"></span>e balance sheet<span class=\"_ _43\"></span> have to be<span class=\"_ _43\"></span> seen alongside<span class=\"_ _43\"></span> the corr<span class=\"_ _43\"></span>esponding cash <span class=\"_ _43\"></span>inflows fr<span class=\"_ _43\"></span>om associated investme<span class=\"_ _92\"></span>nts.<span class=\"_ _43\"></span> // 3 relates to <span class=\"_ _43\"></span>cash outfl<span class=\"_ _43\"></span>ows from cont<span class=\"_ _43\"></span>racts pres<span class=\"_ _43\"></span>ented in <span class=\"_ _43\"></span>the balance<span class=\"_ _43\"></span> sheet under<span class=\"_ _43\"></span> liabilities<span class=\"_ _43\"></span> from der<span class=\"_ _43\"></span>ivative fina<span class=\"_ _43\"></span>ncial instr<span class=\"_ _43\"></span>uments<span class=\"ls0 ws0\"> </span>Expected cash outflows as<span class=\"_ _92\"></span> at 31/12/2021 <span class=\"_ _277\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _a5\"> </span><span class=\"ls31\">\u20acm </span></span>Maturity <span class=\"_ _298\"> </span><span class=\"ls18\">2022 <span class=\"_ _7\"> </span>2023 <span class=\"_ _177\"> </span>2024\u2013<span class=\"fsa ls0\"> </span><span class=\"ls17\">2026 <span class=\"_ _278\"> </span><span class=\"ls49 ws31a\">From 2027 </span></span></span>Bonds <span class=\"_ _206\"> </span><span class=\"ls0\">12.0 <span class=\"_ _1c\"> </span>12.0 <span class=\"_ _21\"> </span>521.0 <span class=\"_ _7\"> </span>567.5 </span>Financial liabilities to banks<span class=\"_ _333\"> </span>1 <span class=\"_ _2bb\"> </span>29.4 <span class=\"_ _1c\"> </span>29.2 <span class=\"_ _1c\"> </span>68.7 <span class=\"_ _8\"> </span>182.7 Financial liabilit<span class=\"lscc ws25e\">ies to others <span class=\"_ _2b8\"> </span><span class=\"ls0 ws0\">1.3 <span class=\"_ _26\"> </span>1.3 <span class=\"_ _11\"> </span>148.3 <span class=\"_ _4b\"> </span>0.0 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet<span class=\"_ _333\"> </span>2 <span class=\"_ _1a1\"> </span>20.8 <span class=\"_ _1c\"> </span>19.9 <span class=\"_ _11\"> </span>395.3 <span class=\"_ _fd\"> </span>58.9 Cash outflows on <span class=\"ls5d\">financial liabilities <span class=\"_ _a2\"> </span><span class=\"ls49 ws0\">63.5 <span class=\"_ _1b3\"> </span><span class=\"ls18\">62.5 <span class=\"_ _1e2\"> </span><span class=\"ls31\">1,133.3 <span class=\"_ _1f\"> </span></span>809.1 </span></span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _137\"> </span><span class=\"ls0 ws0\">293.6 <span class=\"_ _1c5\"> </span>0.3 <span class=\"_ _26\"> </span>1.4 <span class=\"_ _4b\"> </span>0.5 </span>Other <span class=\"_ _26a\"> </span><span class=\"ls0\">331.2 <span class=\"_ _1c\"> </span>80.0 <span class=\"_ _1c\"> </span>11.6 <span class=\"_ _7\"> </span>156.0 </span>Cash outflows on trade payables and other pay<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>bles <span class=\"_ _3\"> </span><span class=\"ls18 ws0\">624.8 <span class=\"_ _b8\"> </span>80.3 <span class=\"_ _1b3\"> </span><span class=\"ls49\">13.0 <span class=\"_ _11\"> </span></span>156.4 </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area<span class=\"_ _333\"> </span>3 <span class=\"_ _17d\"> </span>780.3 <span class=\"_ _11\"> </span>301.5 <span class=\"_ _1c\"> </span>80.1 <span class=\"_ _4b\"> </span>0.0 Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea<span class=\"_ _333\"> </span>4 <span class=\"_ _96\"> </span>3.1 <span class=\"_ _26\"> </span>1.7 <span class=\"_ _26\"> </span>1.5 <span class=\"_ _4b\"> </span>0.0 Cash outflows from liabilities fr<span class=\"_ _92\"></span>om <span class=\"_ _43\"></span>derivative  financial instruments <span class=\"_ _71\"> </span><span class=\"ls49 ws0\">78<span class=\"_ _43\"></span>3.4 <span class=\"_ _5\"> </span><span class=\"ls31\">303.2 <span class=\"_ _1b3\"> </span><span class=\"ls18\">81.6 <span class=\"_ _2c\"> </span>0.0 </span></span></span>Cash outflows on liabilities <span class=\"ls62 ws90e\">in accordance with IFRS 7 <span class=\"_ _fd\"> </span><span class=\"ls18 ws0\">1,471.7 <span class=\"_ _5\"> </span>446.0 <span class=\"_ _17c\"> </span>1,227.9 <span class=\"_ _11\"> </span>965.5 </span></span>1 excl. money mark<span class=\"_ _92\"></span>et transactions of \u20ac1,050.0m // 2 Cash outflows<span class=\"_ _43\"></span> under cl<span class=\"_ _43\"></span>osed items on th<span class=\"_ _43\"></span>e balance sheet<span class=\"_ _43\"></span> have to be<span class=\"_ _43\"></span> seen alongside<span class=\"_ _43\"></span> the corr<span class=\"_ _43\"></span>esponding cash <span class=\"_ _43\"></span>inflows fr<span class=\"_ _43\"></span>om associated investme<span class=\"_ _92\"></span>nts.<span class=\"_ _43\"></span> // 3 relates to <span class=\"_ _43\"></span>cash outfl<span class=\"_ _43\"></span>ows from cont<span class=\"_ _43\"></span>racts pres<span class=\"_ _43\"></span>ented in <span class=\"_ _43\"></span>the balance<span class=\"_ _43\"></span> sheet under<span class=\"_ _43\"></span> receivab<span class=\"_ _43\"></span>les or liabi<span class=\"_ _43\"></span>lities from<span class=\"_ _43\"></span> derivativ<span class=\"_ _43\"></span>e financ<span class=\"ls12f wsb78\">ial<span class=\"_ _43\"></span> instrum<span class=\"_ _43\"></span>ents // <span class=\"_ _43\"></span> </span>4 Cash outflows <span class=\"_ _43\"></span>from interes<span class=\"_ _43\"></span>t rate swaps are ac<span class=\"_ _43\"></span>counted for as<span class=\"_ _43\"></span> net cash fl<span class=\"_ _43\"></span>ows of both l<span class=\"_ _43\"></span>egs.<span class=\"_ _333\"> </span> 286 Net results b<span class=\"_ _92\"></span>y measurement catego<span class=\"_ _92\"></span>ries Results in accordance with IFRS <span class=\"_ _87\"></span>7 comprise mainly impairment losses and reversals of impairment losses<span class=\"_ _92\"></span>, foreign exchange g<span class=\"_ _92\"></span>ains and losses and realised g<span class=\"_ _92\"></span>ains or losses on disposal.  Net results by measurement categories  <span class=\"_ _dd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Financial assets and liabilities measured <span class=\"_ _92\"></span>at<span class=\"ls59 ws5a\"> fair value through profit or loss <span class=\"_ _ba\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>41.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">101.1 </span></span></span>Financial assets and liabilities measured <span class=\"_ _92\"></span>at<span class=\"ls1a ws1c\"> fair value through profit or loss \u2013  </span>designated <span class=\"_ _28f\"> </span><span class=\"fc4 ls0\">20.6 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls49\">2<span class=\"_ _43\"></span>3.0 </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _78\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>21.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.8 </span></span></span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _1db\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.3 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">15.3 </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _11a\"> </span><span class=\"fc4 ls0 ws0\">23.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">4.3 </span></span>T<span class=\"_ _14\"></span>otal interest expenses from financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l <span class=\"ls62 ws64\">liabilities measured at amortised cost <span class=\"_ _16c\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>62.1 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">86.9 </span></span></span></span>T<span class=\"_ _14\"></span>otal interest income from financial <span class=\"ls1e ws1f\">asse<span class=\"_ _92\"></span>ts measured at amortised cost <span class=\"_ _2bc\"> </span><span class=\"fc4 ls0 ws0\">40.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">42.4 </span></span></span>Components<span class=\"_ _92\"></span> of the net result<span class=\"_ _92\"></span>s <span class=\"_ _2bd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Measurement category <span class=\"_ _23\"> </span><span class=\"ls5a ws0\">Notes </span>Financial assets and liabilities measured at fair value through  profit or loss The results arose fro<span class=\"_ _92\"></span>m the measurement of derivative financial instruments in <span class=\"_ _92\"></span>the energy area (wholesale and trading) in th<span class=\"ls32 ws2e\">e operating result <span class=\"_ _92\"></span>(electricity revenue),  </span>as well as from the measur<span class=\"_ _92\"></span>ement of (other) derivative and non-d<span class=\"_ _92\"></span>erivative financial instruments in the finance area <span class=\"ls27 ws27\">in the other <span class=\"_ _92\"></span>financial result. </span>Financial assets and liabilities measured at fair value through  profit or loss \u2013 designated The results arose from the measurement<span class=\"ls34 ws32\"> of financial l<span class=\"_ _92\"></span>iabilities to banks  </span>(closed items on the bal<span class=\"_ _92\"></span>ance sheet). These results have to<span class=\"_ _92\"></span> be seen alongside an equal amount of opposing results from <span class=\"ls2a ws28\">financial assets and liabilities that are </span>measured at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue through profit or <span class=\"ls2d ws33\">loss and net results from financ<span class=\"_ _92\"></span>ial assets </span>and liabilities that are measured at cost. Financial assets and liabilities measured at amortised cost<span class=\"_ _92\"></span> The net results rel<span class=\"_ _92\"></span>ate primarily to fina<span class=\"ls2a ws28\">ncial instruments in connection with <span class=\"_ _92\"></span> </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet in the other financial result as <span class=\"_ _92\"></span>well as to valuation allowances on tra<span class=\"_ _92\"></span>de receivables in the operating resul<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span>T<span class=\"_ _14\"></span>otal inter<span class=\"_ _92\"></span>est expenses were r<span class=\"_ _92\"></span>ecognised under inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st expenses; total inter<span class=\"_ _92\"></span>est income was recognised in part in interest income and in<span class=\"lsb4 ws2b6\"> part under other financial result. </span>287<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>5.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Accounting treatment of <span class=\"ls124 ws2ca\">hedging relationships</span></span><span class=\"lsef ws877\"><span class=\"ls124 ws2ca\"> </span></span>VERBUND applies speci<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l accountin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> policies fo<span class=\"_ _92\"></span>r hedging relatio<span class=\"_ _92\"></span>nships in the energy are<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span> as well as in<span class=\"_ _92\"></span> the finance area. 5.2.1 Hedging transactions in the energy area VERBUND emplo<span class=\"_ _92\"></span>ys electricity for<span class=\"_ _43\"></span>ward con<span class=\"_ _92\"></span>tracts and electricity futur<span class=\"_ _92\"></span>es contracts as well as <span class=\"_ _92\"></span>options as derivatives within th<span class=\"ls63 ws42e\">e meaning of IFRS <span class=\"_ _14\"></span>9 as part of cash fl<span class=\"ls82 ws801\">ow hedges in the energy ar<span class=\"_ _92\"></span>ea. Since the 2020 </span></span>financial year<span class=\"_ _80\"></span>, options have been used as part <span class=\"_ _92\"></span>of a collar strategy in which a certain<span class=\"_ _92\"></span> price band is to be hedged for futur<span class=\"_ _92\"></span>e electricity purchases<span class=\"_ _92\"></span>. The goal of<span class=\"lsa2 ws10c\"> hedging rel<span class=\"_ _92\"></span>ationships is to reduce the cash fl<span class=\"_ _92\"></span>ow </span>volatility r<span class=\"_ _92\"></span>esulting from<span class=\"_ _92\"></span> market price fluctuation<span class=\"_ _92\"></span>s by hedging the prices for the fo<span class=\"_ _0\"></span>llowing tran<span class=\"_ _92\"></span>sactions<span class=\"_ _43\"></span>: (1)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"ws366\">sale of own gener<span class=\"_ _92\"></span>ation and marketin<span class=\"_ _92\"></span>g of electricity from r<span class=\"_ _92\"></span>enewable energy plan<span class=\"_ _92\"></span>ts not owned by </span>VERBUND; (2)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for electricity deliveries to customers; and </span>(3)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for gas deliveries to customer<span class=\"_ _92\"></span>s. </span>The timing and amo<span class=\"_ _92\"></span>unt of the hedging of futur<span class=\"_ _92\"></span>e electricity deliveries depends in each c<span class=\"_ _92\"></span>ase on the curren<span class=\"_ _92\"></span>t price trend. As a gener<span class=\"_ _92\"></span>al rule, the hed<span class=\"_ _92\"></span>ges are enter<span class=\"_ _92\"></span>ed into successively. A <span class=\"_ _92\"></span>portion of the entir<span class=\"_ _92\"></span>e volume anticipa<span class=\"_ _92\"></span>ted is hedged correspondin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> to the risk man<span class=\"_ _92\"></span>agement stra<span class=\"_ _92\"></span>tegy. As a rule, once th<span class=\"_ _92\"></span>e relevan<span class=\"_ _92\"></span>t contractual terms of the <span class=\"_ _92\"></span>electricity futures<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> forwards and option<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> enter<span class=\"_ _92\"></span>ed into coincide with those of the underl<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span>ing trans<span class=\"_ _92\"></span>actions, a qualitative meas<span class=\"_ _92\"></span>urement of effectivenes<span class=\"_ _92\"></span>s is carried out. As a general rule<span class=\"_ _92\"></span>, it can be assumed that <span class=\"_ _92\"></span>the changes in the value o<span class=\"_ _92\"></span>f the hedging instruments en<span class=\"_ _92\"></span>tirely offset the changes in<span class=\"_ _92\"></span> the future cash flo<span class=\"_ _92\"></span>ws.  The exception<span class=\"_ _92\"></span> to this rule is hedges of electrici<span class=\"_ _92\"></span><span class=\"ls33 ws349\">ty deliveries on a mark<span class=\"_ _92\"></span>et differing from the place of<span class=\"_ _92\"></span> </span>delivery. Such hedges ha<span class=\"_ _92\"></span>ve been used since 1 <span class=\"_ _87\"></span>Oc<span class=\"ls7d wsad1\">tober 2018 as a consequence of the restriction on </span>unlimited tradin<span class=\"_ _92\"></span>g on the German-Austrian electricity <span class=\"ls74 ws7a5\">m<span class=\"_ _92\"></span>arket. Due t<span class=\"_ _92\"></span>o the higher liquidity, the m<span class=\"_ _92\"></span>ajority </span>of Aus<span class=\"_ _92\"></span>trian electricity deliveries are hedged with Germ<span class=\"_ _92\"></span>an futures mark<span class=\"_ _92\"></span>et products<span class=\"_ _92\"></span>. The Austrian price is made up of the German<span class=\"_ _92\"></span> pr<span class=\"_ _43\"></span>ice plus a German/Austrian<span class=\"_ _92\"></span> spread. German forward pr<span class=\"_ _92\"></span>oducts are therefo<span class=\"_ _92\"></span>re used to hedge A<span class=\"_ _92\"></span>ustrian electrici<span class=\"ls81 ws4f2\">ty deliveries, <span class=\"_ _92\"></span>whereby the co<span class=\"_ _92\"></span>nditions between the hedging ins<span class=\"_ _92\"></span>truments </span>and the planned cash fl<span class=\"_ _92\"></span>ows essentially ma<span class=\"_ _92\"></span>tch also in these cases<span class=\"_ _92\"></span>.  Insignifican<span class=\"_ _92\"></span>t ineffective portions of the hed<span class=\"_ _92\"></span>ges can result fr<span class=\"_ _92\"></span>om the German/Austrian<span class=\"_ _92\"></span> location spr<span class=\"_ _92\"></span>ead, from ch<span class=\"_ _92\"></span>anges in the counterparty\u2019<span class=\"_ _14\"></span>s or VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s credit risk or a r<span class=\"_ _92\"></span>educed volume of the expected electricity delivery.  Accounting tr<span class=\"_ _92\"></span>eatment of hedging<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>transactions i<span class=\"_ _92\"></span>n the energy area In the case of <span class=\"_ _92\"></span>derivative financial instrumen<span class=\"_ _92\"></span>ts that are desig<span class=\"_ _92\"></span>nated as cash flow hedges in<span class=\"_ _92\"></span> accordance with IFRS <span class=\"_ _14\"></span>9, the portion of<span class=\"_ _92\"></span> the unrealised gains or<span class=\"_ _92\"></span> losses that is determin<span class=\"_ _92\"></span>ed to be an effective hedge is recognised in o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her compr<span class=\"_ _92\"></span>ehensive income. In<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>contras<span class=\"_ _92\"></span>t, ineffective portions of the hedge ar<span class=\"_ _92\"></span>e recognised in profit o<span class=\"_ _92\"></span>r loss. When using op<span class=\"_ _92\"></span>tions, only the in<span class=\"_ _92\"></span>trinsi<span class=\"ls108 ws329\">c value of the op<span class=\"_ _92\"></span>tions will <span class=\"lsa3 ws152\">be designat<span class=\"_ _92\"></span>ed within the<span class=\"_ _43\"></span> </span></span>framewor<span class=\"_ _92\"></span>k of the hedging rela<span class=\"_ _92\"></span>tionship and the change in fair value wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be recognised separ<span class=\"_ _92\"></span>ately as costs of hedging in othe<span class=\"ls99 ws369\">r compre<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ensive income.<span class=\"_ _333\"> </span></span><span class=\"ls99 ws369\"> </span>288 Unr<span class=\"_ _92\"></span>ealised gains or losses ar<span class=\"_ _92\"></span>e only reclas<span class=\"_ _92\"></span>sified <span class=\"_ _43\"></span>(\u201c<span class=\"ls7c ws361\">r<span class=\"_ _92\"></span>ec<span class=\"_ _43\"></span>ycled\u201d) to t<span class=\"_ _92\"></span>he income statemen<span class=\"_ _92\"></span>t when the hedged </span>item affects profit or loss<span class=\"_ _92\"></span>.  Electricity, gas and CO<span class=\"_ _333\"> </span>2 derivatives<span class=\"_ _92\"></span> not designated as hed<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>ing instruments <span class=\"_ _92\"></span>are allocated to<span class=\"_ _92\"></span> the wholesale portf<span class=\"_ _92\"></span>olio<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> F<span class=\"_ _92\"></span>air value changes<span class=\"_ _92\"></span> in (freestanding) el<span class=\"_ _92\"></span>ectricity and gas deriva<span class=\"_ _92\"></span>tives in the wholesale portfolio tha<span class=\"_ _92\"></span>t were not designa<span class=\"_ _92\"></span>ted as hedging instruments ar<span class=\"_ _92\"></span>e recognised in profit or<span class=\"_ _92\"></span> loss net of previously r<span class=\"_ _92\"></span>ealised futures and follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing the netting of <span class=\"_ _92\"></span>positive and negative fair values<span class=\"_ _92\"></span>. 5.2.2 Hedging trans<span class=\"_ _92\"></span>actions<span class=\"ls250 wsa81\"> in the finance area </span>Apart fr<span class=\"_ _92\"></span>om derivative transac<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ions in connection with closed items on<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he balance sheet, futur<span class=\"_ _92\"></span>e payments un<span class=\"_ _92\"></span>der financial liabilities bearing in<span class=\"_ _92\"></span>terest at a varia<span class=\"_ _92\"></span>ble rate are hedged b<span class=\"_ _92\"></span>y means of inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> s<span class=\"_ _80\"></span>w<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>p<span class=\"_ _87\"></span>s<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> o<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>d<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span>u<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> c<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> f<span class=\"_ _80\"></span>l<span class=\"_ _80\"></span>o<span class=\"_ _87\"></span>w<span class=\"_ _80\"></span> r<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span> w<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> m<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _87\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _87\"></span>.<span class=\"_ _80\"></span> <span class=\"_ _80\"></span> The hedging instr<span class=\"_ _43\"></span>uments\u2019 contract terms are almost <span class=\"ls76 ws1f6\">identical to those o<span class=\"_ _92\"></span>f th<span class=\"ls6f ws74\">e hedged items (critic<span class=\"_ _92\"></span>al </span></span>terms matc<span class=\"_ _92\"></span>h). The qualitative basis of <span class=\"_ _92\"></span>this economic relatio<span class=\"_ _92\"></span>nship is regularly r<span class=\"_ _92\"></span>eviewed by VERBUND<span class=\"_ _92\"></span>. <span class=\"_ _80\"></span> As a general rul<span class=\"_ _92\"></span>e, it can be assum<span class=\"_ _92\"></span>ed that the changes in <span class=\"_ _92\"></span>the value of the he<span class=\"_ _92\"></span>dging instruments entir<span class=\"_ _92\"></span>ely offset the chang<span class=\"_ _92\"></span>es in the future cash flo<span class=\"_ _92\"></span>ws. The entir<span class=\"_ _92\"></span>e risk of an increase in the m<span class=\"_ _92\"></span>arket inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st ra<span class=\"_ _92\"></span>te with respect to v<span class=\"_ _92\"></span>ariable-interest-be<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ring financial liabilities is n<span class=\"_ _92\"></span>ot always hedged, i.e<span class=\"_ _92\"></span>. the hedge ratio doe<span class=\"_ _0\"></span>s not always amount to 100 <span class=\"_ _87\"></span>%. In<span class=\"_ _0\"></span>effe<span class=\"ls0 ws11c\">ctive portions of the hedges can only r<span class=\"_ _92\"></span>esult from changes in the </span>counterparty\u2019<span class=\"_ _14\"></span>s or VERBUND\u2019<span class=\"_ _14\"></span>s cr<span class=\"_ _92\"></span>edit <span class=\"_ _43\"></span>risk. Pa<span class=\"_ _92\"></span>yments are m<span class=\"_ _92\"></span>ade on interest r<span class=\"_ _92\"></span>ate swaps every six months<span class=\"_ _92\"></span>. The underlying variabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> market in<span class=\"_ _92\"></span>terest rate is the six-month EURIBOR. The future interest payments hedged by the interest rate swaps occur in the following 13 years (2023 to 2035) and will be <span class=\"ls7d ws21e\">recognised in profit <span class=\"ls0\">or loss accor<span class=\"_ _92\"></span>dingly. </span></span>Accounting t<span class=\"_ _92\"></span>reatment of he<span class=\"_ _92\"></span>dging transactions i<span class=\"_ _92\"></span>n the finance ar<span class=\"_ _92\"></span>ea  Some of the inter<span class=\"_ _92\"></span>est rate s<span class=\"_ _92\"></span>waps are designa<span class=\"_ _92\"></span>ted as cash flow hedges in acco<span class=\"_ _92\"></span>rdance with IFRS <span class=\"_ _80\"></span>9. Those inter<span class=\"_ _92\"></span>est rate swaps tha<span class=\"_ _92\"></span>t hedge intra-Gr<span class=\"_ _92\"></span>oup financing at the subsidiary level are <span class=\"_ _92\"></span>accounted for as derivatives meas<span class=\"_ _92\"></span>ured at fair value thro<span class=\"_ _92\"></span>ugh prof<span class=\"ls80 ws54e\">it or loss in VERBUND\u2019<span class=\"_ _14\"></span>s consolidated financial </span>statemen<span class=\"_ _92\"></span>ts. With r<span class=\"_ _92\"></span>espect to individual closed items o<span class=\"_ _92\"></span>n the balance sheet (see sectio<span class=\"_ _92\"></span>n <span class=\"_ _87\"></span>8.1 F<span class=\"_ _92\"></span>inancial liabilities and section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>11 Risk management), <span class=\"_ _92\"></span>the investme<span class=\"ls97 ws9af\">nts result in variable income that is offset by </span>fixed expenses<span class=\"_ _92\"></span>. In order to<span class=\"_ _92\"></span> avoid risk, inter<span class=\"_ _92\"></span>est rate swaps h<span class=\"_ _92\"></span>ave been ent<span class=\"_ _92\"></span>ered into for the corr<span class=\"_ _92\"></span>esponding financial li<span class=\"_ _92\"></span>abilities. These<span class=\"_ _92\"></span> interest ra<span class=\"_ _92\"></span>te swaps exhibit a risk pr<span class=\"_ _92\"></span>ofile that <span class=\"_ _92\"></span>perfectly opposes the corres<span class=\"_ _92\"></span>ponding profile of the as<span class=\"_ _92\"></span>sociated balance sheet items<span class=\"_ _92\"></span>. Therefor<span class=\"_ _92\"></span>e, the carrying amoun<span class=\"_ _92\"></span>t of the associated financial liabilities is adjusted accordin<span class=\"_ _92\"></span><span class=\"ls74 ws347\">g to the hedged risk to balance o<span class=\"_ _92\"></span>ut the fair value </span>measur<span class=\"_ _92\"></span>ement of the inter<span class=\"_ _92\"></span>est rate swa<span class=\"_ _92\"></span>ps. The fair value of in<span class=\"_ _92\"></span>terest rate s<span class=\"_ _92\"></span>waps corresponds to<span class=\"_ _92\"></span> the amount that VERBUN<span class=\"_ _92\"></span>D would receive or ha<span class=\"_ _92\"></span>ve to pay if the <span class=\"_ _92\"></span>transaction wer<span class=\"_ _92\"></span>e terminated on the r<span class=\"_ _92\"></span>eporting date<span class=\"_ _92\"></span>. When calculatin<span class=\"_ _92\"></span>g that amoun<span class=\"_ _92\"></span>t, current inter<span class=\"_ _92\"></span>est rates, yield curves and coun<span class=\"_ _92\"></span>terparty<span class=\"_ _43\"></span> credit risk in particular ar<span class=\"_ _92\"></span>e taken into account (see<span class=\"_ _92\"></span> section 5 Financia<span class=\"ls38 ws1a0\">l instrument<span class=\"_ _43\"></span>s).</span><span class=\"ls38 ws1a0\"> </span>289<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>5.2.3 Infor<span class=\"_ _92\"></span>mation regarding hedging <span class=\"ls1d3 ws9f5\">relationships in the energy and </span>finance areas Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>g<span class=\"ls129 wsa3c\">ing instruments 31/12/2022 <span class=\"_ _1a9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _45\"> </span><span class=\"ls31\">\u20acm </span></span></span>Carrying amount Balance sheet item Notional amount Change in  the fair value for<span class=\"_ _43\"></span> th<span class=\"_ _43\"></span>e measure- ment of ineffectiv<span class=\"_ _92\"></span>eness Hedging costs Electricity futures, forwards and op<span class=\"_ _92\"></span>tions \u2013  sales <span class=\"_ _2ba\"> </span><span class=\"ls0\">583.2 </span>Receivables from derivative  financial instruments <span class=\"_ _217\"> </span><span class=\"ls1a ws1c\">5,828 GWh <span class=\"_ _117\"> </span><span class=\"ls0 ws0\">583.2 <span class=\"_ _5b\"> </span>6.6 </span></span>Electricity futures, forwards and op<span class=\"_ _92\"></span>tions \u2013  sales <span class=\"_ _2be\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>2,057.1 </span>Liabilities from derivative  financial instruments <span class=\"_ _177\"> </span><span class=\"ls1a ws1c\">19,896 GWh <span class=\"_ _1f\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,627.7 <span class=\"_ _119\"> </span>\u2013<span class=\"fsa\"> </span>9.8 </span></span>Electricity futures and forwards \u2013 purchasing <span class=\"_ _1c\"> </span><span class=\"ls0 ws0\">420.0 </span>Receivables from derivative financial instruments <span class=\"_ _2bf\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">4,072 GWh <span class=\"_ _117\"> </span></span>316.4 <span class=\"_ _69\"> </span>0.0 </span>Electricity futures and forwards \u2013 purchasing <span class=\"_ _15e\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>412.8 </span>Liabilities from derivative financial instruments <span class=\"_ _2bf\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">2,838 GWh <span class=\"_ _2b\"> </span></span>\u2013<span class=\"fsa\"> </span>412.8 <span class=\"_ _69\"> </span>0.0 </span>Gas forwards \u2013  purchasing <span class=\"_ _2c0\"> </span><span class=\"ls0\">8.5 </span>Receivables from derivative financial instruments <span class=\"_ _219\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">290 GWh <span class=\"_ _1a\"> </span></span>3.0 <span class=\"_ _5b\"> </span>0.0 </span>Gas forwards \u2013  purchasing <span class=\"_ _214\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>22.1 </span>Liabilities from derivative financial instruments <span class=\"_ _219\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">396 GWh <span class=\"_ _132\"> </span></span>\u2013<span class=\"fsa\"> </span>22.1 <span class=\"_ _69\"> </span>0.0 </span>Interest rate sw<span class=\"_ _92\"></span>aps <span class=\"_ _56\"> </span><span class=\"ls0 ws0\">43.4 </span>Receivables from derivative financial instruments <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">300.4 <span class=\"_ _51\"> </span>24.6 <span class=\"_ _69\"> </span>0.0 </span>Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>ged items 31/12/2022 <span class=\"_ _74\"> </span><span class=\"ff2a fs7 ls0 ws0\"> <span class=\"_ _93\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _25b\"> </span><span class=\"ff2f ls2b ws1f\">Change in the fair </span>value for the measurement of ineffectiv<span class=\"_ _92\"></span>eness Carrying amount of the reserve f<span class=\"_ _92\"></span>or<span class=\"_ _43\"></span> measurements of cash flow hedges Hedging costs Future electricity sales v<span class=\"_ _92\"></span>olume <span class=\"_ _280\"> </span><span class=\"ls0 ws0\">1,044.1 <span class=\"_ _15f\"> </span>\u2013<span class=\"fsa\"> </span>1,471.0 <span class=\"_ _14b\"> </span>\u2013<span class=\"fsa\"> </span>3.3 </span>Future electricity purchases <span class=\"_ _ae\"> </span><span class=\"ls0 ws0\">96.5 <span class=\"_ _18e\"> </span>7.3 <span class=\"_ _96\"> </span>0.0 </span>Future gas purchases <span class=\"_ _2c1\"> </span><span class=\"ls0 ws0\">19.1 <span class=\"_ _130\"> </span>\u2013<span class=\"fsa\"> </span>13.7 <span class=\"_ _96\"> </span>0.0 </span>V<span class=\"_ _92\"></span>ariable-rate financial liabilities <span class=\"_ _67\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>24.7 <span class=\"_ _ba\"> </span>21.1 <span class=\"_ _da\"> </span>0.0<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>290 Cash flow hedges \u2013 effects on <span class=\"_ _92\"></span>th<span class=\"_ _43\"></span>e statement of  comprehensiv<span class=\"_ _92\"></span>e income and balance sheet 2022 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _159\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1a8\"> </span><span class=\"ff2f ls5d\">Gains/ </span>losses recognised in other comprehen- sive income Hedging costs Ineffectiv<span class=\"_ _92\"></span>e portion of the hedge recognised in profit or loss Line items of the statement of comprehen- sive income in which the ineffectiv<span class=\"_ _92\"></span>e portion was recognised Reclassifi- cations from reserves to profit or loss Line items  of the statement of comprehen- sive income in which the reclassifi- cation was recognised Electricity futures, forwards and options \u2013 sales <span class=\"_ _37\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,041.2 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>3.3 <span class=\"_ _56\"> </span>0.4 <span class=\"_ _7\"> </span><span class=\"ls36\">Revenue <span class=\"_ _147\"> </span></span>\u2013<span class=\"fsa\"> </span>1,974.2 <span class=\"_ _5\"> </span><span class=\"ls36\">Revenue </span></span>Electricity futures and forwards \u2013  purchasing <span class=\"_ _5f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>96.4 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _50\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Electricity purchase <span class=\"_ _26\"> </span><span class=\"ls0\">358.9 </span>Electricity purchase Gas forwards \u2013  purchasing <span class=\"_ _5f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>19.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _56\"> </span>0.0 </span>Gas  purchases <span class=\"_ _69\"> </span><span class=\"ls0\">13.5 </span>Gas  purchases Interest rat<span class=\"_ _92\"></span>e swaps <span class=\"_ _58\"> </span><span class=\"ls0\">23.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _56\"> </span>0.0 </span>Other  financial result <span class=\"_ _3\"> </span>1.6 Interest expenses 291<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Notional amount and a<span class=\"_ _92\"></span>verage price an<span class=\"ls129 ws8df\">d/or interest r<span class=\"_ _92\"></span>ate as at 31/12/2022 <span class=\"_ _146\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _1d7\"> </span><span class=\"ff2f ls18\">2023 <span class=\"_ _1d1\"> </span>2024 <span class=\"_ _5a\"> </span>2025 <span class=\"_ _1d1\"> </span>2026 <span class=\"_ _8\"> </span><span class=\"ls28 ws2c\"> &gt;2026 </span></span>Electricity futures, forw<span class=\"_ _92\"></span>ards and options \u2013 sales <span class=\"_ _230\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _55\"> </span>  </span>Notional amount <span class=\"_ _10c\"> </span><span class=\"ls1a ws1c\">14,862 GWh </span>6,957 GWh, 1,757 GWh via collar options <span class=\"_ _1e2\"> </span><span class=\"ls36 ws35\">831 GWh <span class=\"_ _1e2\"> </span>279 GWh <span class=\"_ _16\"> </span>1,038 GWh </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _18d\"> </span><span class=\"ls60 ws0\">\u20ac156.4/MWh </span>\u20ac125.5/MWh, collar \u20ac60\u2013 <span class=\"fs8 ls26\">140/MWh </span>\u20ac147.5/MWh <span class=\"_ _21a\"> </span><span class=\"ls34\">\u20ac49.4/MWh <span class=\"_ _184\"> </span>\u20ac42.9/MWh </span>Electricity futures and forw<span class=\"_ _92\"></span>ards \u2013 purchasing <span class=\"_ _105\"> </span><span class=\"ls31\">  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _12e\"> </span>  </span>Notional amount <span class=\"_ _214\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">4,784 GWh <span class=\"_ _183\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">1,753 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">330 GWh <span class=\"_ _21d\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">44 GWh <span class=\"_ _ac\"> </span></span><span class=\"ls31\">\u2013 </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _18d\"> </span><span class=\"ls60 ws0\">\u20ac232.0/MWh <span class=\"_ _22b\"> </span>\u20ac166.5/MWh <span class=\"_ _22b\"> </span>\u20ac126.8/MWh <span class=\"_ _22b\"> </span>\u20ac133.3/MWh <span class=\"_ _ac\"> </span><span class=\"ls31\">\u2013 </span></span>Gas forw<span class=\"_ _92\"></span>ards \u2013 purchasing <span class=\"_ _1a8\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _55\"> </span>  </span>Notional amount <span class=\"_ _3b\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">508 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">179 GWh <span class=\"_ _9d\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac92.0/MWh <span class=\"_ _22b\"> </span><span class=\"ls60\">\u20ac117.1/MWh <span class=\"_ _9d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span></span></span>Interest rate swa<span class=\"_ _92\"></span>ps <span class=\"_ _a2\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span>Av<span class=\"_ _92\"></span>erage notional amount <span class=\"_ _21e\"> </span><span class=\"ls0 ws0\">281.4 <span class=\"_ _68\"> </span>249.8 <span class=\"_ _68\"> </span>220.1 <span class=\"_ _68\"> </span>196.9 <span class=\"_ _10d\"> </span>149.0 </span>Av<span class=\"_ _92\"></span>erage fixed interest rate <span class=\"_ _fe\"> </span><span class=\"ls2f ws2c\">0.6 % <span class=\"_ _fd\"> </span>0.5 % <span class=\"_ _23\"> </span>0.4 % <span class=\"_ _fd\"> </span>0.3 % <span class=\"_ _2b\"> </span>0.4 % </span>Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>g<span class=\"ls129 wsa3c\">ing instruments 31/12/2021 <span class=\"_ _ca\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _18f\"> </span><span class=\"ff2f ls1a\">Carrying </span>amount Balance sheet  item Notional amount Change in the fair value f<span class=\"_ _92\"></span>or the measure- ment of ineffectiv<span class=\"_ _92\"></span>eness Hedging costs Electricity futures, forwards and op<span class=\"_ _92\"></span>tions \u2013 sales <span class=\"_ _18f\"> </span><span class=\"ls0\">16.1 </span>Receivables from  derivative financial instruments <span class=\"_ _217\"> </span><span class=\"ls1a ws1c\">2,388 GWh <span class=\"_ _51\"> </span></span><span class=\"ls0\">52.4 <span class=\"_ _1d1\"> </span>\u2013<span class=\"fsa\"> </span>2.7 </span>Electricity futures, forwards and op<span class=\"_ _92\"></span>tions \u2013 sales \u2013<span class=\"fsa\"> </span>2,419.8 Liabilities from  derivative financial instruments 23,573 GWh <span class=\"_ _11\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>2,418.0 <span class=\"_ _5a\"> </span>\u2013<span class=\"fsa\"> </span>2.2 </span>Electricity futures and forwards \u2013 purchasing <span class=\"_ _1c\"> </span><span class=\"ls0 ws0\">468.7 </span>Receivables from derivative financial instruments <span class=\"_ _1e3\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> <span class=\"_ _92\"></span><span class=\"fs8 ls253 ws5e\">4,756<span class=\"_ _43\"></span> GWh <span class=\"_ _aa\"> </span><span class=\"ls0 ws0\">460.2 <span class=\"_ _5b\"> </span>0.0 </span></span></span></span>Electricity futures and forwards \u2013 purchasing <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.1 </span>Liabilities from derivative financial instruments <span class=\"_ _219\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">302 GWh <span class=\"_ _50\"> </span></span>\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _5b\"> </span>0.0 </span>Gas forwards \u2013  purchasing 18.9 Receivables from derivative financial instruments \u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">343 GWh <span class=\"_ _51\"> </span></span>18.5 <span class=\"_ _5b\"> </span>0.0 Gas forwards \u2013  purchasing <span class=\"_ _2c0\"> </span><span class=\"ls0\">0.0 </span>Liabilities from derivative financial instruments <span class=\"_ _e\"> </span>0 GWh <span class=\"_ _56\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _5b\"> </span>0.0 </span>Interest rate sw<span class=\"_ _92\"></span>aps <span class=\"_ _45\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.6 </span>Liabilities from derivative financial instruments <span class=\"_ _1d1\"> </span><span class=\"ls0 ws0\">56.8 <span class=\"_ _56\"> </span>2.4 <span class=\"_ _5b\"> </span>0.0<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>292 Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>ged items 31/12/2021 <span class=\"_ _f7\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _d5\"> </span><span class=\"ls31\">\u20acm </span></span>Change in the fair value for the measurement of ineffectiv<span class=\"_ _92\"></span>eness Carrying amount of the reserve f<span class=\"_ _92\"></span>or<span class=\"_ _43\"></span> measurements of cash flow hedges Hedging costs Future electricity sales v<span class=\"_ _92\"></span>olume <span class=\"_ _1af\"> </span><span class=\"ls0 ws0\">2,365.3 <span class=\"_ _a3\"> </span>\u2013<span class=\"fsa\"> </span>2,404.0 <span class=\"_ _14b\"> </span>\u2013<span class=\"fsa\"> </span>4.9 </span>Future electricity purchases <span class=\"_ _1a4\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>454.0 <span class=\"_ _60\"> </span>462.6 <span class=\"_ _da\"> </span>0.0 </span>Future gas purchases <span class=\"_ _1a3\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.5 <span class=\"_ _14b\"> </span>18.9 <span class=\"_ _da\"> </span>0.0 </span>V<span class=\"_ _92\"></span>ariable rate financial liabilities <span class=\"_ _256\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.4 <span class=\"_ _1da\"> </span>\u2013<span class=\"fsa\"> </span>3.6 <span class=\"_ _da\"> </span>0.0 </span>Cash flow hedges \u2013 effects on <span class=\"_ _92\"></span>th<span class=\"_ _43\"></span>e statement of  comprehensiv<span class=\"_ _92\"></span>e income and balance sheet 2021 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _159\"> </span><span class=\"ls31\">\u20acm </span></span>Gains/losses recognised  in other comprehen- sive income Hedging costs Ineffective portion of the hedge recognised in profit or loss Line items of the statement of comprehen- sive income in which the ineffective portion was recognised Reclassifi- cations from reserves to profit or loss Line items of the statement of comprehen- sive income in which the reclassifi- cation was recognised Electricity futures, forwards and options \u2013 sales \u2013<span class=\"fsa\"> </span>2,365.6 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>4.9 <span class=\"_ _1a\"> </span>0.3 <span class=\"_ _8\"> </span><span class=\"ls36\">Revenue <span class=\"_ _119\"> </span></span>\u2013<span class=\"fsa\"> </span>91.7 <span class=\"_ _5\"> </span><span class=\"ls36\">Revenue </span>Electricity futures and forwards \u2013  purchasing <span class=\"_ _45\"> </span><span class=\"ls0\">454.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _11b\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Electricity  purchases <span class=\"_ _69\"> </span><span class=\"ls0\">15.1 </span>Electricity  purchases Gas forwards \u2013  purchasing <span class=\"_ _12e\"> </span><span class=\"ls0\">18.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _56\"> </span>0.0 </span>Gas  purchases <span class=\"_ _53\"> </span><span class=\"ls0\">1.0 </span>Gas  purchases Interest rat<span class=\"_ _92\"></span>e swaps \u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _9a\"> </span>0.0 Other  financial result \u2013<span class=\"fsa\"> </span>2.0 Interest expenses<span class=\"_ _333\"> </span> 293<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Notional amount and a<span class=\"_ _92\"></span>verage price an<span class=\"ls129 ws8df\">d/or interest r<span class=\"_ _92\"></span>ate as at 31/12/2021 <span class=\"_ _146\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _1d7\"> </span><span class=\"ff2f ls18\">2022 <span class=\"_ _1d1\"> </span>2023 <span class=\"_ _1d1\"> </span>2024 <span class=\"_ _5a\"> </span>2025 <span class=\"_ _8\"> </span><span class=\"ls28 ws2c\"> &gt;2025 </span></span>Electricity futures, forw<span class=\"_ _92\"></span>ards and options \u2013 sales <span class=\"_ _230\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span>Notional amount <span class=\"_ _10c\"> </span><span class=\"ls1a ws1c\">15,167 GWh </span>5,712 GWh, 1,752 GWh via collar options 543 GWh, 1,757 GWh via collar options <span class=\"_ _1e2\"> </span><span class=\"ls36 ws35\">130 GWh <span class=\"_ _1e5\"> </span>900 GWh </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac67.7/MWh </span>\u20ac63.2/MWh, collar \u20ac38\u2013 <span class=\"fs8 ls2d\">60/MWh </span>\u20ac79.1/MWh, collar \u20ac60\u2013 <span class=\"fs8 ls26\">140/MWh </span>\u20ac39.3/MWh <span class=\"_ _216\"> </span>\u20ac39.3/MWh Electricity futures and forw<span class=\"_ _92\"></span>ards \u2013  purchasing <span class=\"_ _152\"> </span><span class=\"ls31\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _12e\"> </span>  </span>Notional amount <span class=\"_ _214\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">2,792 GWh <span class=\"_ _183\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">1,550 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">613 GWh <span class=\"_ _1e9\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">103 GWh <span class=\"_ _ac\"> </span></span><span class=\"ls31\">\u2013 </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac77.0/MWh <span class=\"_ _219\"> </span>\u20ac67.1/MWh <span class=\"_ _21a\"> </span>\u20ac69.8/MWh <span class=\"_ _219\"> </span>\u20ac68.7/MWh <span class=\"_ _12b\"> </span><span class=\"ls31\">\u2013 </span></span>Gas forw<span class=\"_ _92\"></span>ards \u2013 purchasing <span class=\"_ _1a8\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span>Notional amount <span class=\"_ _3b\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">235 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">109 GWh <span class=\"_ _9d\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac15.6/MWh <span class=\"_ _219\"> </span>\u20ac16.3/MWh <span class=\"_ _9d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span></span>Interest rate swa<span class=\"_ _92\"></span>ps <span class=\"_ _a2\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span>Av<span class=\"_ _92\"></span>erage notional amount <span class=\"_ _2b6\"> </span><span class=\"ls0 ws0\">49.5 <span class=\"_ _66\"> </span>34.9 <span class=\"_ _4a\"> </span>20.3 <span class=\"_ _a3\"> </span>7.9 <span class=\"_ _50\"> </span>1.4 </span>Av<span class=\"_ _92\"></span>erage fixed interest rate <span class=\"_ _fe\"> </span><span class=\"ls2f ws2c\">2.6 % <span class=\"_ _fd\"> </span>2.6 % <span class=\"_ _23\"> </span>2.8 % <span class=\"_ _fd\"> </span>3.1 % <span class=\"_ _2b\"> </span>3.6 %<span class=\"_ _333\"> </span></span><span class=\"ls2f ws2c\"> </span>294 5.3 Recov<span class=\"_ _92\"></span>erability of financial assets<span class=\"_ _92\"></span> V<span class=\"_ _14\"></span>aluation allowanc<span class=\"_ _92\"></span>es are recognised a<span class=\"_ _92\"></span>t ever<span class=\"_ _43\"></span>y reporting date<span class=\"_ _92\"></span> for expected credit losses for fin<span class=\"_ _92\"></span>ancial assets that wer<span class=\"_ _92\"></span>e classified as measured a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> amorti<span class=\"lsa5 wsb84\">sed cost (<span class=\"_ _43\"></span>AC) and/or debt<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span> that were </span>classified as measur<span class=\"_ _92\"></span>ed at fair value throu<span class=\"_ _92\"></span>gh othe<span class=\"ls99 ws7f7\">r comprehensive income (F<span class=\"_ _43\"></span><span class=\"ls87 wsa14\">VO<span class=\"_ _43\"></span>CI), receivables under </span></span>leases, con<span class=\"_ _92\"></span>tract assets and financial guaran<span class=\"_ _92\"></span>tee contracts.<span class=\"_ _333\"> </span> <span class=\"_ _92\"></span> The expected cr<span class=\"_ _92\"></span>edit losses are taken<span class=\"_ _92\"></span> into account in the fo<span class=\"_ _92\"></span>llowing stages (see section <span class=\"_ _89\"></span>11 Risk<span class=\"_ _92\"></span> mana<span class=\"_ _92\"></span>gement for quantitative disclo<span class=\"_ _92\"></span>sures):  Impairment of assets <span class=\"_ _29\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _22c\"> </span><span class=\"ff2f ls24 ws95a\">Stage 1 <span class=\"_ _13a\"> </span>Stage 2 <span class=\"_ _136\"> </span><span class=\"ls9c ws61\">Stage 3 </span></span>Credit risk: <span class=\"_ _49\"> </span>Low credit risk \u2013  (credit risk has not increased significantly since its initial recognition) Elevated credit risk \u2013  (credit risk has increased significantly since its initial recognition) Significant financial difficulties on the part of the borrower or the issuer (breach of contract) Recognition of loss allow<span class=\"_ _92\"></span>ance: Impairment in the amount of the 12-month expected losses Impairment in the amount of expected lifetime losses Impairment in the amount of expected lifetime losses Calculation of interest income: Based on the effective interest rate on the gross carrying amount Based on the effective interest rate on the gross carrying amount Based on the effective interest rate on the net carrying amount \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws808\">The credit risk <span class=\"_ _92\"></span>is presumed to be low if the in<span class=\"_ _92\"></span>ternal rating c<span class=\"_ _92\"></span>orresponds to an extern<span class=\"_ _92\"></span>al investment </span></span>grade ra<span class=\"_ _92\"></span>ting (Standard &amp; P<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>or\u2019<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>: &gt; BBB\u2013; Moody\u2019<span class=\"_ _14\"></span>s: &gt; Baa3).  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws72e\">The credit risk i<span class=\"_ _92\"></span>s presumed to ha<span class=\"_ _92\"></span>ve increased significantly if t<span class=\"_ _92\"></span>he financial asset is more th<span class=\"_ _92\"></span>an 30 <span class=\"_ _14\"></span>days </span></span>past due. Recla<span class=\"_ _92\"></span>ssifications are carried out in<span class=\"_ _92\"></span> sta<span class=\"ls33 ws3a2\">ge 3 as soon as a financial a<span class=\"_ _92\"></span>sset has become credit-<span class=\"_ _333\"> </span></span>impaired, fin<span class=\"_ _92\"></span>ancial assets are mor<span class=\"_ _92\"></span>e than 90 <span class=\"_ _86\"></span>day<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> over<span class=\"_ _92\"></span>due or a breach of con<span class=\"_ _0\"></span>tract has been ascertained.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws366\">Proba<span class=\"_ _92\"></span>bilities of default and collection r<span class=\"_ _92\"></span>ates depending on the r<span class=\"_ _92\"></span>ating category serve to determine the </span></span>amount of im<span class=\"_ _92\"></span>pairment losses to be recognised. T<span class=\"_ _92\"></span>he valuation allo<span class=\"_ _92\"></span>wance is recognised in the amo<span class=\"_ _92\"></span>unt of the pres<span class=\"_ _92\"></span>ent value of the e<span class=\"_ _92\"></span>xpected credit losses.<span class=\"_ _92\"></span> For<span class=\"_ _92\"></span> trade receivables<span class=\"_ _92\"></span>, contract assets <span class=\"_ _92\"></span>and receivabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s under leases<span class=\"_ _92\"></span>, a simplified method is ap<span class=\"_ _92\"></span>plied to measur<span class=\"_ _92\"></span>e the valuation all<span class=\"_ _92\"></span>owance. F<span class=\"_ _92\"></span>or these receiva<span class=\"_ _92\"></span>b<span class=\"ls71 ws65d\">les and assets, a valuation allowance is alway<span class=\"_ _92\"></span>s </span>recognised in the amoun<span class=\"_ _92\"></span>t of the lifetime expected cr<span class=\"_ _92\"></span>edit loss using a loss all<span class=\"_ _92\"></span>owance table.<span class=\"_ _333\"> </span>295<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span>W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span>instruments<span class=\"_ _43\"></span>; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span>6.1 Invent<span class=\"_ _92\"></span>ories and proof<span class=\"lsee ws2c7\"> of origin and/or  </span>green electricity certificates Inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ntories of prim<span class=\"_ _92\"></span>ar<span class=\"_ _43\"></span>y energy sour<span class=\"_ _92\"></span>ces as well as additives an<span class=\"_ _92\"></span>d consumables ar<span class=\"_ _92\"></span>e measured at <span class=\"_ _92\"></span>the lower of cost or net r<span class=\"_ _92\"></span>ealisable value a<span class=\"_ _92\"></span>t the reporting da<span class=\"_ _92\"></span>te. The use of prim<span class=\"_ _92\"></span>ar<span class=\"_ _43\"></span>y energy source<span class=\"_ _92\"></span>s and raw materials<span class=\"_ _92\"></span>, additives and consumables is determ<span class=\"_ _92\"></span>ined using the moving a<span class=\"_ _92\"></span>verage price method.  Inventories of natural gas held for trading b<span class=\"_ _92\"></span>y VE<span class=\"_ _43\"></span>RBUND are measur<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d through profit or loss under other rev<span class=\"_ _92\"></span>enue. Accor<span class=\"_ _92\"></span>ding to the brok<span class=\"_ _92\"></span>erage exemption<span class=\"_ _92\"></span> for raw m<span class=\"_ _92\"></span>aterials and commodity dealers<span class=\"_ _92\"></span>, the measur<span class=\"_ _92\"></span>ement benchmark is f<span class=\"_ _92\"></span>air value (Level 1) less cos<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s to sell. The fair<span class=\"_ _92\"></span> value correspon<span class=\"_ _92\"></span>ds to the quoted price fo<span class=\"_ _43\"></span>r front-month gas forwards on the<span class=\"_ _43\"></span> Central Eur<span class=\"_ _92\"></span>op<span class=\"_ _43\"></span>ean Gas H<span class=\"_ _92\"></span>ub<span class=\"_ _43\"></span> (CEGH) or NetConnec<span class=\"_ _43\"></span>t Germany (NCG).<span class=\"_ _92\"></span> Guaran<span class=\"_ _92\"></span>tees of origin and green el<span class=\"_ _92\"></span>ectricity certificates that ar<span class=\"_ _92\"></span>e held for sale in the norm<span class=\"_ _92\"></span>al course of business are r<span class=\"_ _92\"></span>ecognised in accordan<span class=\"_ _92\"></span>ce with IAS 2 an<span class=\"ls6b ws328\">d IAS <span class=\"_ _92\"></span>20. Guaran<span class=\"_ _92\"></span>tees of origin and green electricity </span>certificates ar<span class=\"_ _92\"></span>e recognised as inven<span class=\"_ _92\"></span>tories when the legally enfor<span class=\"_ _92\"></span>ceable rights ar<span class=\"_ _92\"></span>e acquired (as a rule, genera<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ion of electricity in certified po<span class=\"_ _92\"></span>wer plants). Income fr<span class=\"_ _92\"></span>om the allocation<span class=\"_ _92\"></span> of certificates is presen<span class=\"_ _92\"></span>ted under other operating inco<span class=\"_ _92\"></span>me net of the change in inven<span class=\"_ _92\"></span>tories from the disposal<span class=\"_ _92\"></span> of certificates<span class=\"_ _92\"></span>. Subsequent measur<span class=\"_ _92\"></span>ements are<span class=\"_ _92\"></span> carried out at the lo<span class=\"_ _92\"></span>wer net real<span class=\"_ _92\"></span>isable value if necess<span class=\"_ _92\"></span>ar<span class=\"_ _43\"></span>y. Proceeds fr<span class=\"_ _92\"></span>om the sale of guaran<span class=\"_ _92\"></span>tees of origin or green electricity certific<span class=\"_ _92\"></span>ates are recogn<span class=\"_ _92\"></span>ised under other rev<span class=\"_ _43\"></span>en<span class=\"_ _43\"></span>ue.<span class=\"_ _43\"></span> 296 Inventories <span class=\"_ _2c2\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Natural gas<span class=\"_ _333\"> </span>1 <span class=\"_ _15b\"> </span><span class=\"fc4\">23.1 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls49\">10<span class=\"_ _43\"></span>3.0 </span>Inventories of primary energy sour<span class=\"_ _92\"></span>ces <span class=\"_ _bb\"> </span><span class=\"fc4 ls49 ws0\">23.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls18\">103.0 </span></span>Emission rights held for tradin<span class=\"_ _92\"></span>g <span class=\"_ _15d\"> </span><span class=\"fc4 ls0 ws0\">4.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.7 </span></span>Measurements of emissio<span class=\"_ _92\"></span>n rights held for trading <span class=\"_ _213\"> </span><span class=\"fc4 ls0 ws0\">8.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.4 </span></span>Fair value of emission rights held fo<span class=\"_ _92\"></span>r trading <span class=\"_ _9\"> </span><span class=\"fc4 ls31 ws0\">13.3 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">1.1 </span></span>Proof of origin and green electricity certificates <span class=\"_ _13\"> </span><span class=\"fc4 ls18 ws0\">1.7 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.7 </span></span>Additives and<span class=\"_ _92\"></span> consumables <span class=\"_ _2c3\"> </span><span class=\"fc4 ls18 ws0\">11.0 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">12.7 </span></span>Other <span class=\"_ _2c4\"> </span><span class=\"fc4 ls18\">0.9 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">4.5 </span></span>Inventories <span class=\"_ _2c5\"> </span><span class=\"fc4 ls18\">49.9 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">123.0 </span></span>1 An impairment lo<span class=\"_ _92\"></span>ss of \u20ac18.8m (previous year: \u20ac7.5m<span class=\"_ _92\"></span>) on gas inventories was recognised as ex<span class=\"_ _92\"></span>pense in the income statement in the<span class=\"ls17e ws785\"> re<span class=\"_ _92\"></span>porting period</span><span class=\"ls17e ws785\">. </span>6.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Receivables from derivati<span class=\"ls124 wsb8c\">ve financia<span class=\"_ _92\"></span>l instruments<span class=\"_ _333\"> </span></span></span><span class=\"lsef ws877\"><span class=\"ls124 wsb8c\"> </span></span>Receivables from deriv<span class=\"_ _92\"></span>ative fina<span class=\"ls72 wsb8d\">ncial instr<span class=\"_ _43\"></span>uments include der<span class=\"_ _43\"></span>ivati<span class=\"ls87 ws7aa\">ves and hedging instruments from </span></span>both the financ<span class=\"_ _92\"></span>ial and energy area<span class=\"_ _92\"></span>.  Receivables fr<span class=\"_ _92\"></span>om derivative financial<span class=\"_ _92\"></span> instruments <span class=\"_ _1de\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _20f\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _11\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _179\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _242\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span>current Non-<span class=\"_ _333\"> </span>current Current <span class=\"_ _b\"> </span><span class=\"fc0\">Current </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _93\"> </span><span class=\"fc4 ls0 ws0\">454.9 <span class=\"_ _21\"> </span><span class=\"ff2f fc0 ls18\">369.7 <span class=\"_ _1e5\"> </span></span>1,972.6 <span class=\"_ _134\"> </span><span class=\"ff2f fc0 ls18\">1,825.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _18e\"> </span><span class=\"fc4 ls0 ws0\">70.3 <span class=\"_ _1b3\"> </span><span class=\"ff2f fc0 ls18\">67.7 <span class=\"_ _1c5\"> </span></span>0.0 <span class=\"_ _4b\"> </span><span class=\"ff2f fc0 ls31\">8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ative financial instruments <span class=\"_ _128\"> </span><span class=\"fc4 ls18 ws0\">525.2 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">437.3 <span class=\"_ _1e2\"> </span></span>1,972.6 <span class=\"_ _a\"> </span><span class=\"ff2c fc0\">1,833.<span class=\"_ _92\"></span>7 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. Non-curr<span class=\"_ _92\"></span>ent receivables from deriva<span class=\"_ _92\"></span>tive financial in<span class=\"ls265 ws9ce\">str<span class=\"_ _43\"></span>ume<span class=\"_ _43\"></span>nts<span class=\"_ _43\"></span> in th<span class=\"_ _43\"></span>e fi<span class=\"_ _43\"></span>nance<span class=\"_ _43\"></span> area c<span class=\"_ _43\"></span>onta<span class=\"_ _43\"></span>in de<span class=\"_ _43\"></span>rivat<span class=\"_ _43\"></span>ive </span>financial instruments measured at fair value i<span class=\"_ _92\"></span>n <span class=\"ls0 ws5aa\">the amount of \u20ac31.5m (previous year: \u20ac70.3m) which </span>relate to financial liabilities un<span class=\"ls76 ws836\">der closed items on the balance she<span class=\"_ _92\"></span>et. Furthermor<span class=\"_ _92\"></span>e, this item also </span>includes the no<span class=\"_ _92\"></span>n-current portion o<span class=\"_ _92\"></span>f the positive fair values of in<span class=\"_ _92\"></span>terest rat<span class=\"_ _92\"></span>e swaps held to <span class=\"_ _0\"></span>hedge the inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st rate risk as<span class=\"_ _92\"></span>sociated with financial liabilities (\u20ac36.2m; previous year: \u20ac0.0m).  Curr<span class=\"_ _92\"></span>ent receivab<span class=\"_ _92\"></span>les from derivative financial<span class=\"_ _92\"></span> instruments in the finance ar<span class=\"_ _92\"></span>ea include the current portion of p<span class=\"_ _43\"></span>ositive fair value<span class=\"_ _43\"></span>s of interest rate swaps <span class=\"ls74 ws32f\">held to hedge the in<span class=\"_ _92\"></span>terest ra<span class=\"_ _92\"></span>te risk associated with </span>financial lia<span class=\"_ _92\"></span>b<span class=\"_ _43\"></span>ilities (\u20ac8.3 million; pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: other liability: \u20ac5.9m).<span class=\"_ _333\"> </span>6.1.1  Inv<span class=\"_ _92\"></span>entories 6.2.1  Receivables fr<span class=\"_ _92\"></span>om deriva<span class=\"_ _92\"></span>tive  financial instruments<span class=\"_ _333\"> </span> 297<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>6.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1d3 ws9f5\">T<span class=\"_ _80\"></span>rade receivables, other rec<span class=\"lsbd wsb8e\">eivables and securities</span></span><span class=\"ls1d3 ws9f5\"><span class=\"lsbd wsb8e\"> </span></span>Trade receiv<span class=\"_ _92\"></span>ables and receivables from investees ar<span class=\"_ _92\"></span>e cl<span class=\"ls95 wsa66\">assified as measured a<span class=\"_ _92\"></span>t amortised cost (AC) and </span>thus account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for at cost less a<span class=\"_ _92\"></span>ny impairment losses (see section 5 F<span class=\"_ _92\"></span>inancial assets).<span class=\"_ _333\"> </span>T<span class=\"_ _14\"></span>rade receiv<span class=\"_ _92\"></span>ables, other receivables and securities <span class=\"_ _108\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _2c6\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _21\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _15e\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _27d\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span>current Non-<span class=\"_ _333\"> </span>current Current <span class=\"_ _b\"> </span><span class=\"fc0\">Current </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _139\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _50\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _11\"> </span></span><span class=\"ls0\">818.4 <span class=\"_ _1f\"> </span><span class=\"ff2f fc0 ls18\">968.3 </span></span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _c3\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _3c\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _24\"> </span></span><span class=\"ls0\">57.6 <span class=\"_ _23\"> </span><span class=\"ff2f fc0 ls18\">57.9<span class=\"_ _92\"></span> </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _bb\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _3c\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _1c\"> </span></span><span class=\"ls0\">49.1 <span class=\"_ _4b\"> </span></span><span class=\"ff2f fc0\">3.5 </span></span>Other receivables and assets <span class=\"_ _f7\"> </span><span class=\"fc4 ls0 ws0\">354.5 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">309.7 <span class=\"_ _21\"> </span></span>408.3 <span class=\"_ _8\"> </span><span class=\"ff2f fc0 ls18\">516.<span class=\"_ _92\"></span>3 </span></span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _123\"> </span><span class=\"fc4 ls18 ws0\">354.5 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">309.7 <span class=\"_ _1e2\"> </span></span><span class=\"ls31\">1,333.4 <span class=\"_ _a\"> </span></span><span class=\"ff2c fc0\">1,546.1 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. Other receiv<span class=\"_ _92\"></span>ables with a matu<span class=\"_ _92\"></span>rity of more than o<span class=\"_ _92\"></span>ne year are re<span class=\"_ _92\"></span>ported under investmen<span class=\"_ _92\"></span>ts and non-<span class=\"_ _333\"> </span>curren<span class=\"_ _92\"></span>t other receivables<span class=\"_ _92\"></span>.  Other receiv<span class=\"_ _92\"></span>ables and assets <span class=\"_ _201\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _fa\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _26\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _1d1\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _4b\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _2c7\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _216\"> </span><span class=\"fc0\">Non-current <span class=\"_ _7\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _1cd\"> </span><span class=\"fc0\">Current </span></span></span>Securities <span class=\"_ _263\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _54\"> </span></span><span class=\"ff2f ls0\">\u2013 <span class=\"_ _3\"> </span><span class=\"ff2a fc4\">4.3 <span class=\"_ _16a\"> </span></span><span class=\"ls18\">0.2 </span></span>Guarantees in el<span class=\"ls19 ws184\">ectricity trading <span class=\"_ _1a0\"> </span><span class=\"fc4 ls0 ws0\">274.5 <span class=\"_ _4f\"> </span><span class=\"ff2f fc0 ls18\">250.2 <span class=\"_ _26\"> </span></span>322.7 <span class=\"_ _2c\"> </span><span class=\"ff2f fc0 ls18\">381.2 </span></span></span>Emission rights <span class=\"_ _18a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _12e\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _69\"> </span></span><span class=\"ls0\">31.2 <span class=\"_ _6a\"> </span><span class=\"ff2f fc0 ls18\">49.0 </span></span></span>Receivables from tax clearing <span class=\"_ _2b5\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _69\"> </span></span><span class=\"ls0\">22.9 <span class=\"_ _6a\"> </span><span class=\"ff2f fc0 ls18\">14.8 </span></span></span>Receivables from accrued inter<span class=\"_ _92\"></span>est <span class=\"_ _4e\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _3\"> </span></span><span class=\"ls0\">0.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span></span>Other <span class=\"_ _1bf\"> </span><span class=\"fc4 ls0\">80.0 <span class=\"_ _5b\"> </span></span><span class=\"ff2f ls18\">59.4 <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">26.9 <span class=\"_ _6c\"> </span></span><span class=\"ff2f ls18\">70.8 </span>Other receivables and asset<span class=\"_ _92\"></span>s <span class=\"_ _3a\"> </span><span class=\"fc4 ls18 ws0\">354.5 <span class=\"_ _10f\"> </span><span class=\"ff2c fc0\">309.7 <span class=\"_ _119\"> </span></span>408.3 <span class=\"_ _1d1\"> </span><span class=\"ff2c fc0\">516.3 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. 6.4<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb61\">Cash and cash equivalents </span>Cash<span class=\"_ _43\"></span> and ca<span class=\"_ _43\"></span>sh equi<span class=\"_ _43\"></span>valent<span class=\"_ _43\"></span>s <span class=\"_ _29a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Cash at banks <span class=\"_ _2c8\"> </span><span class=\"fc4 ls0 ws0\">318.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">409.3 </span></span>Cash and cash equivalents <span class=\"_ _e9\"> </span><span class=\"fc4 ls18 ws0\">318.6 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">409.3</span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span>6.3.1  T<span class=\"_ _80\"></span>rade receivables, other receiv<span class=\"_ _92\"></span>ables <span class=\"_ _43\"></span>and securities  6.4.1  Cash and  cash equival<span class=\"_ _92\"></span>ents<span class=\"_ _333\"> </span>  298 The lock-in pe<span class=\"_ _43\"></span>riod for all current financial investme<span class=\"ls81 ws4f5\">nts r<span class=\"_ _92\"></span>eported in cash and cash equiv<span class=\"_ _92\"></span>alents was less </span>than thr<span class=\"_ _92\"></span>ee months at the time the in<span class=\"_ _92\"></span>vestment was m<span class=\"_ _92\"></span>ade. Cash and cash equiv<span class=\"_ _92\"></span>alents correspon<span class=\"_ _92\"></span>d to the fund of cash and c<span class=\"_ _92\"></span>ash equivalents in the cash fl<span class=\"_ _92\"></span>ow statement as defined in IAS 7.<span class=\"_ _333\"> </span>6.5<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsc6 ws80c\">Liabilities from derivati<span class=\"ls24f wsb90\">ve finan<span class=\"_ _92\"></span>cial instruments </span></span>Liabilities fr<span class=\"_ _92\"></span>om derivative fina<span class=\"_ _92\"></span>ncial instruments <span class=\"_ _f5\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _2c9\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _21\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _6\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _1f8\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span>current Non-<span class=\"_ _333\"> </span>current Current <span class=\"_ _a9\"> </span><span class=\"fc0\">Current </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _da\"> </span><span class=\"fc4 ls0 ws0\">734.8 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">1,069.2 <span class=\"_ _94\"> </span></span>3,307.5 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">1,491.6 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _120\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _4b\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _2c\"> </span></span>5.9 <span class=\"_ _4a\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span><span class=\"ls62 ws90e\">e financial instruments <span class=\"_ _10c\"> </span><span class=\"fc4 ls18 ws0\">734.8 <span class=\"_ _a7\"> </span><span class=\"ff2c fc0\">1,069.2 <span class=\"_ _5d\"> </span></span><span class=\"ls31\">3,31<span class=\"_ _43\"></span>3.3 <span class=\"_ _1e2\"> </span></span><span class=\"ff2c fc0\">1,491.6<span class=\"_ _92\"></span> </span></span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8.<span class=\"_ _333\"> </span>6.6<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb61\">T<span class=\"_ _80\"></span>rade pay<span class=\"_ _92\"></span>ables and cu<span class=\"lsef ws877\">rrent other liabilities </span></span>T<span class=\"_ _14\"></span>rade pa<span class=\"_ _0\"></span>yables and curr<span class=\"_ _92\"></span>ent other liabilities \u20acm   <span class=\"_ _21f\"> </span><span class=\"ff2f fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _2\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _1dc\"> </span><span class=\"fc4 ls0 ws0\">293.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">412.7 </span></span>Outstanding receipts for inv<span class=\"_ _92\"></span>estments <span class=\"_ _48\"> </span><span class=\"fc4 ls0 ws0\">137.5 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">142.9 </span></span>Other liabilities for ma<span class=\"ls36 ws35\">intenance expenses <span class=\"_ _1ea\"> </span><span class=\"fc4 ls0 ws0\">48.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">86.3 </span></span></span>Other liabilities from elec<span class=\"ls0 ws0\">tricity and grid deliv<span class=\"_ _92\"></span>eries <span class=\"_ _c6\"> </span><span class=\"fc4\">76.8 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls18\">80.2 </span></span>Security deposits for trans<span class=\"_ _92\"></span>port services <span class=\"_ _263\"> </span><span class=\"fc4 ls0 ws0\">8.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">57.7 </span></span>Other personnel-rel<span class=\"ls20 ws21\">ated liabilities <span class=\"_ _1bb\"> </span><span class=\"fc4 ls0 ws0\">41.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">43.0 </span></span></span>Liabilities to the emissions registry <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">26.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">39.1 </span></span>Accruals and deferred income <span class=\"_ _2ca\"> </span><span class=\"fc4 ls0 ws0\">13.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">29.0 </span></span>Liabilities to tax authorities <span class=\"_ _228\"> </span><span class=\"fc4 ls0 ws0\">35.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.9 </span></span>Liabilities to unconsolidated <span class=\"ls34 ws387\">subsidi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ries and investees <span class=\"_ _73\"> </span><span class=\"fc4 ls0 ws0\">21.6 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">26.5 </span></span></span>Advance paymen<span class=\"_ _92\"></span>ts received  <span class=\"_ _ee\"> </span><span class=\"fc4 ls0 ws0\">2.3 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">25.2 </span></span>Electricity supply commitment <span class=\"_ _26a\"> </span><span class=\"fc4 ls0 ws0\">11.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.1 </span></span>Lease liabilities <span class=\"_ _2cb\"> </span><span class=\"fc4\">8.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">10.8 </span>Liabilities from social security (inclu<span class=\"ls1a ws1c\">ding social insura<span class=\"_ _92\"></span>nce institutions) <span class=\"_ _1d\"> </span><span class=\"fc4 ls0 ws0\">5.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">6.2 </span></span></span>Other liabilities for legal, audit and c<span class=\"_ _92\"></span>onsulting expenses <span class=\"_ _2cc\"> </span><span class=\"fc4 ls0 ws0\">4.1 <span class=\"_ _61\"> </span><span class=\"fc0\">4.9 </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">1.9 <span class=\"_ _de\"> </span><span class=\"fc0\">30.3 </span></span>T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _c0\"> </span><span class=\"fc4 ls18 ws0\">736.4 <span class=\"_ _132\"> </span><span class=\"fc0\">1,035.8 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. 6.5.1  Liabilities from deriva<span class=\"_ _92\"></span>tive  financial instruments<span class=\"_ _333\"> </span> 6.6.1  T<span class=\"_ _80\"></span>rade payables and curr<span class=\"_ _92\"></span>ent other liabilities 299<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>7.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsbd\">Equity<span class=\"_ _333\"> </span></span><span class=\"lsbd\"> </span>J<span class=\"_ _92\"></span>ust as in the previous year<span class=\"_ _14\"></span>, the share capital c<span class=\"_ _92\"></span>o<span class=\"ls78\">mprised 170,233,686 no-par value <span class=\"ls82 ws2c0\">shares in the form of </span></span>bearer shar<span class=\"_ _92\"></span>es (category A) and 177,182,000 no-par valu<span class=\"ls83 wsb92\">e shares in the f<span class=\"_ _92\"></span>orm <span class=\"ls71 wsa8\">of registered shares </span></span>(c<span class=\"_ _92\"></span>ategor<span class=\"_ _43\"></span>y B). Cat<span class=\"_ _92\"></span>egor<span class=\"_ _43\"></span>y B repre<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>ents 51 <span class=\"_ _87\"></span>% of the shar<span class=\"_ _92\"></span>e capital, authentic<span class=\"_ _92\"></span>ated by an interim certific<span class=\"_ _92\"></span>ate deposited with the F<span class=\"_ _92\"></span>ederal Minis<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ry of Finance and made o<span class=\"_ _92\"></span>ut in the name of the Republic of A<span class=\"_ _92\"></span>ustria. The share capital was paid in full.<span class=\"_ _333\"> </span> The amount of \u20ac954.3m (previous year: \u20ac954.3m), whic<span class=\"ls83 ws1c0\">h repr<span class=\"_ _92\"></span>esents the portion of the reserves not </span>established fr<span class=\"_ _92\"></span>om the profit for the period in pr<span class=\"_ _92\"></span>evio<span class=\"ls9a ws229\">us reporting periods, is r<span class=\"_ _92\"></span>ecognised under capital </span>reserves<span class=\"_ _333\"> </span><span class=\"_ _92\"></span>.  Retained earnings co<span class=\"_ _92\"></span>mprise the retained pr<span class=\"_ _92\"></span>ofits and the effects on equity attributable t<span class=\"_ _92\"></span>o the share<span class=\"_ _0\"></span>holders of VERBUND <span class=\"_ _92\"></span>AG fr<span class=\"_ _92\"></span>om the shift between shareho<span class=\"_ _92\"></span>lder groups. Of the r<span class=\"_ _92\"></span>etained earnings<span class=\"_ _92\"></span>, the amount th<span class=\"_ _92\"></span>at can be distributed to the shareh<span class=\"_ _92\"></span>olders of VERBUND <span class=\"_ _14\"></span>AG is the item presen<span class=\"_ _92\"></span>ted <span class=\"_ _43\"></span>as profit for the period in the (separat<span class=\"_ _92\"></span>e) annual financial st<span class=\"ls0 ws7b1\">atements of VERBUND <span class=\"_ _88\"></span>AG as at 31 <span class=\"_ _85\"></span>December 2022 <span class=\"_ _88\"></span> </span>that ar<span class=\"_ _92\"></span>e prepared<span class=\"_ _92\"></span> in accordance with the Aus<span class=\"_ _92\"></span>trian Commercial Code (Unt<span class=\"_ _92\"></span>ernehmensgesetzbuch, UGB). <span class=\"_ _92\"></span> The profit for the 2022 financial yea<span class=\"ls9c wsb95\">r that had<span class=\"_ _92\"></span> not yet been approved<span class=\"ls70 wsa5f\"> amount<span class=\"_ _92\"></span>ed to \u20ac1,250.7m (previous </span></span>year<span class=\"_ _43\"></span>: \u20ac364.8m). A dividend distribu<span class=\"ls80 ws2a0\">tion of <span>\u20ac3.60</span> per share (previous year: \u20ac1.05 per share) <span class=\"_ _80\"></span>\u2013 including </span>\u20ac1.16 special dividend per shar<span class=\"_ _92\"></span>e (previous year: \u20ac0.0 per share) <span class=\"_ _85\"></span>\u2013 will be proposed to the Ann<span class=\"_ _92\"></span>ual General Meetin<span class=\"_ _92\"></span>g. The rese<span class=\"_ _92\"></span>r<span class=\"_ _43\"></span>ve for differences fr<span class=\"_ _92\"></span>om currency translatio<span class=\"_ _92\"></span>n includes primarily the curr<span class=\"_ _92\"></span>enc<span class=\"_ _43\"></span>y translatio<span class=\"_ _92\"></span>n of the consolidated Romanian subsi<span class=\"_ _43\"></span>diary<span class=\"_ _43\"></span> VERBUND Wind Power Romania SRL.<span class=\"_ _333\"> </span> Non-cont<span class=\"_ _43\"></span>rolling in<span class=\"_ _43\"></span>terests <span class=\"_ _20f\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _54\"> </span><span class=\"ls134 wsb1b\">in<span class=\"_ _43\"></span> % </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Gas Connect Austria GmbH <span class=\"_ _e9\"> </span><span class=\"fc4 ls0 ws0\">49.00 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">49.00 </span></span>Austrian Gas Grid Managem<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nt AG <span class=\"_ _2cd\"> </span><span class=\"fc4 ls0 ws0\">74.00 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">74.00 </span></span>VERBUND Innkraftwerke GmbH<span class=\"_ _92\"></span> <span class=\"_ _e8\"> </span><span class=\"fc4 ls0 ws0\">29.73 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">29.73 </span></span>VERBUND Hydro P<span class=\"_ _92\"></span>ower GmbH <span class=\"_ _248\"> </span><span class=\"fc4 ls0 ws0\">15.94 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">15.94 </span></span>VERBUND Wind P<span class=\"_ _14\"></span>ower Austria GmbH <span class=\"_ _2ce\"> </span><span class=\"fc4 ls0 ws0\">19.46 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">19.46 </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ayamonte S.L.<span class=\"_ _92\"></span> <span class=\"_ _20f\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.0<span class=\"_ _43\"></span>0 </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _2cf\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.00 </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _20f\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.00 </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _253\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.0<span class=\"_ _43\"></span>0 </span></span>Lusitania Renovables S.L.<span class=\"_ _92\"></span> <span class=\"_ _12d\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls49\">30<span class=\"_ _43\"></span>.00<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls31 ws0\"><span class=\"ff2f fc0 ls49\"> </span></span>Share capital Capital reserves<span class=\"_ _333\"> </span> Retained earni<span class=\"_ _0\"></span>ngs<span class=\"_ _333\"> </span> Reserve for differences from curr<span class=\"_ _92\"></span>ency tra<span class=\"_ _92\"></span>nslation Non-controlling int<span class=\"_ _43\"></span>erests 300 8.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba\">Liabilities </span>The notes in this s<span class=\"_ _43\"></span>ection relate to non-current and current financial liabilities as we<span class=\"_ _43\"></span>ll as non-current other liabilities. Details reg<span class=\"_ _92\"></span>arding trade payables an<span class=\"ls78 ws421\">d curr<span class=\"_ _92\"></span>ent other liabilities are pr<span class=\"_ _92\"></span>ovided in section <span class=\"_ _14\"></span>6 </span>W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital.<span class=\"_ _333\"> </span>8.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 ws309\">Financial liabilities<span class=\"_ _333\"> </span></span><span class=\"ls101 ws309\"> </span>Financial liabilities ar<span class=\"_ _92\"></span>e recognised at fair value when<span class=\"lsa8 ws78b\"> the funds are pro<span class=\"_ _92\"></span>vide<span class=\"_ _43\"></span>d. As a rule, this<span class=\"_ _43\"></span> corresponds </span>to the amoun<span class=\"_ _92\"></span>t actually received. Any pr<span class=\"_ _92\"></span>emiums or discounts ar<span class=\"_ _92\"></span>e allocated over th<span class=\"_ _92\"></span>e financing term by applying the effective in<span class=\"_ _92\"></span>terest method and pr<span class=\"_ _92\"></span>esented on an accrual basis in inter<span class=\"_ _92\"></span>est expenses. Individual financial liabilities originally incur<span class=\"_ _43\"></span>red in connection with<span class=\"_ _43\"></span> cross-border leasing transactions were classified at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue throug<span class=\"ls9c ws598\">h pr<span class=\"_ _92\"></span>ofit or loss up<span class=\"_ _43\"></span>on initial recogn<span class=\"ls26 ws4d7\">ition using the fair<span class=\"_ _92\"></span> value option. <span class=\"_ _80\"></span> </span></span>As a result<span class=\"_ _92\"></span>, measurement in<span class=\"_ _92\"></span>consistencies that would ha<span class=\"_ _92\"></span>ve otherwise arisen could be eliminated. The closed items on the balance<span class=\"_ _43\"></span> sheet reported under financial liabilit<span class=\"_ _43\"></span>ies as well as under investments r<span class=\"_ _92\"></span>elate to the cross-bo<span class=\"ls71\">r<span class=\"_ _92\"></span>der leasing transactions that we<span class=\"ls7a ws86\">re terminated early in 2009 and 2010. </span></span>Some of the tr<span class=\"_ _92\"></span>ansactions wer<span class=\"_ _92\"></span>e terminated in their en<span class=\"_ _92\"></span>tirety, i.e<span class=\"_ _92\"></span>. all investments an<span class=\"_ _92\"></span>d all liabilities (A-loans and B-loans) wer<span class=\"_ _92\"></span>e repaid. Some of the tr<span class=\"_ _92\"></span>ansactions were onl<span class=\"_ _92\"></span>y <span class=\"_ _43\"></span>partially terminat<span class=\"_ _92\"></span>ed, whereby the existin<span class=\"_ _92\"></span>g B-loans and the corr<span class=\"_ _92\"></span>esponding investment<span class=\"_ _92\"></span>s were continued. Ther<span class=\"_ _92\"></span>efore, balan<span class=\"_ _92\"></span>ce sheet cover r<span class=\"_ _92\"></span>emains in place. Th<span class=\"_ _92\"></span>e accounting balances denomin<span class=\"_ _92\"></span>ated in foreign curr<span class=\"_ _92\"></span>ency<span class=\"_ _43\"></span> (US dollar) ar<span class=\"_ _92\"></span>e measured at the exchange<span class=\"_ _92\"></span> rate pr<span class=\"_ _92\"></span>evailing at the <span class=\"_ _92\"></span>reporting date<span class=\"_ _92\"></span>. Expenses and income fr<span class=\"_ _92\"></span>om the measur<span class=\"_ _92\"></span>ement corres<span class=\"_ _92\"></span>pond to one ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her both in terms<span class=\"_ _92\"></span> of value as well as with r<span class=\"_ _92\"></span>espect to the val<span class=\"_ _92\"></span>ue date and are offset<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> The financial in<span class=\"_ _92\"></span>vestments and liabilities r<span class=\"_ _92\"></span>esulting from the cr<span class=\"_ _92\"></span>oss-border leasing tr<span class=\"_ _92\"></span>ansactions that wer<span class=\"_ _92\"></span>e terminat<span class=\"_ _92\"></span>ed early continue to be pr<span class=\"_ _92\"></span>esented separately in the not<span class=\"_ _92\"></span>es to the consolidated financial statemen<span class=\"_ _92\"></span>ts in order to impr<span class=\"_ _92\"></span>ove clarity; with the ex<span class=\"_ _92\"></span>ception of the valuation<span class=\"_ _92\"></span> allowances recognised fo<span class=\"_ _92\"></span>r expected credit <span class=\"_ _92\"></span>losses, all items ar<span class=\"_ _92\"></span>e closed on the balance sheet <span class=\"_ _92\"></span>(see section 11 Risk manageme<span class=\"_ _92\"></span>nt).<span class=\"_ _333\"> </span>301<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Non-current an<span class=\"_ _92\"></span>d current financial liabilities<span class=\"_ _92\"></span>  <span class=\"_ _e1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span>Bonds <span class=\"_ _1ce\"> </span><span class=\"fc4 ls0\">986.5 <span class=\"_ _66\"> </span></span><span class=\"ff2f ls18\">1,139.0 <span class=\"_ _24c\"> </span></span><span class=\"fc4 ls0\">4.1 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls18\">12.0 </span>Financial liabilit<span class=\"lscc ws25e\">ies to banks <span class=\"_ _112\"> </span><span class=\"fc4 ls0 ws0\">253.4 <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls18\">1,032.9<span class=\"_ _92\"></span> <span class=\"_ _132\"> </span><span class=\"ff2a fc4 ls0\">1,458.3 <span class=\"_ _132\"> </span></span>1,096.6 </span></span></span>Financial liabilit<span class=\"lscc ws25e\">ies to others <span class=\"_ _13a\"> </span><span class=\"fc4 ls0 ws0\">147.0 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">174.5 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.7 </span></span></span>Capital shares attributable to  limited partners <span class=\"_ _3e\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _16e\"> </span><span class=\"ff2f fc0 ls31\">7<span class=\"_ _43\"></span>.3 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Put liability <span class=\"_ _118\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">52.1 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Subtotal <span class=\"_ _95\"> </span><span class=\"fc4 ls18\">1,386.<span class=\"_ _92\"></span>9 <span class=\"_ _119\"> </span><span class=\"ff2c fc0\">2,405.7 <span class=\"_ _4b\"> </span></span>1,462.5 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,109.3 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _9e\"> </span><span class=\"fc4 ls0 ws0\">447.2 <span class=\"_ _3\"> </span><span class=\"fc0\">438.9 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _61\"> </span><span class=\"fc0\">0.0 </span></span>Non-current and current  financial liabilities <span class=\"_ _1cf\"> </span><span class=\"fc4 ls18 ws0\">1,834.<span class=\"_ _92\"></span>1 <span class=\"_ _66\"> </span><span class=\"fc0\">2,844.6 <span class=\"_ _66\"> </span></span>1,462.<span class=\"_ _92\"></span>5 <span class=\"_ _132\"> </span><span class=\"fc0\">1,109.3</span></span><span class=\"fc4 ls18 ws0\"><span class=\"fc0\"> </span></span>Non-current an<span class=\"_ _92\"></span>d current financial liabilities<span class=\"_ _333\"> </span>1 <span class=\"_ _15\"> </span><span class=\"ff2a fs7\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Carrying amount as at 1/1 <span class=\"_ _292\"> </span><span class=\"fc4 ls0 ws0\">858.5 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">2,849.4 </span></span>Borrowings <span class=\"_ _150\"> </span><span class=\"fc4 ls0\">489.1 <span class=\"_ _3\"> </span></span><span class=\"ff2f ls18\">559.5 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _1c1\"> </span><span class=\"fc4 ls0 ws0\">147.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">461.0 </span></span>Net change in money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _c0\"> </span><span class=\"fc4 ls0 ws0\">1,380.2 <span class=\"_ _59\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">380<span class=\"_ _43\"></span>.3 </span></span></span>Change in put liability <span class=\"_ _224\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">52.1 </span></span>Changes in capital shares attr<span class=\"ls0 ws0\">ibu<span class=\"_ _0\"></span>table to limited partners <span class=\"_ _75\"> </span><span class=\"fc4\">0.1 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls31\">7<span class=\"_ _43\"></span>.3 </span></span>Changes in interest accruals <span class=\"_ _d1\"> </span><span class=\"fc4 ls0 ws0\">4.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.6 </span></span>Scheduled repayments <span class=\"_ _232\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>30.1 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">41.<span class=\"_ _92\"></span>5 </span></span></span>Carrying amount as at 31/12 <span class=\"_ _248\"> </span><span class=\"fc4 ls18 ws0\">2,849.4 <span class=\"_ _132\"> </span><span class=\"fc0\">3,515.0<span class=\"_ _92\"></span> </span></span>of which non-c<span class=\"ls62 ws64\">urrent liabilities <span class=\"_ _e0\"> </span></span><span class=\"fc4\">1,386.9 <span class=\"_ _aa\"> </span></span>2,405.7 of which current liabilities <span class=\"_ _26a\"> </span><span class=\"fc4 ls0 ws0\">1,462.5 <span class=\"_ _aa\"> </span><span class=\"fc0\">1,109.3 </span></span>1 excl. finan<span class=\"_ _43\"></span>cial liabilit<span class=\"_ _43\"></span>ies from cl<span class=\"_ _43\"></span>osed items<span class=\"_ _43\"></span> on the ba<span class=\"_ _43\"></span>lance sheet<span class=\"_ _43\"></span>  Fina<span class=\"_ _92\"></span>ncial liabilities \u2013 closed<span class=\"lsfb wsb8\"> items on <span class=\"_ _92\"></span>th<span class=\"_ _43\"></span>e balance sheet <span class=\"_ _4e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Carrying amount as at 1/1 <span class=\"_ _292\"> </span><span class=\"fc4 ls0 ws0\">427.7 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">447.2 </span></span>Foreign e<span class=\"_ _92\"></span>xchange gains or losses <span class=\"_ _298\"> </span><span class=\"fc4 ls0 ws0\">22.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">19.7 </span></span>Capitalisation <span class=\"_ _201\"> </span><span class=\"fc4 ls0\">30.9 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls29\">31.5 </span>Repayments and<span class=\"_ _92\"></span>/or disposals <span class=\"_ _c2\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>16.9 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">20.8 </span></span></span>Market value cha<span class=\"_ _92\"></span>nges <span class=\"_ _1f8\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>17.4 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">38.8 </span></span></span>Carrying amount as at 31/12 <span class=\"_ _299\"> </span><span class=\"fc4 ls18 ws0\">447.<span class=\"_ _0\"></span>2 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">438.9 </span></span>of which non-c<span class=\"ls62 ws64\">urrent liabilities <span class=\"_ _298\"> </span></span><span class=\"fc4\">447.2 <span class=\"_ _3\"> </span></span><span class=\"ff2f ls18\">438.9 </span>VERBUND had no mortg<span class=\"_ _92\"></span>age-backed liabilities as at<span class=\"lsab ws21f\"> 31 December 2022 or in the previous year<span class=\"_ _14\"></span>. </span><span class=\"lsab ws21f\"> </span>8.1.1  Non-current and curr<span class=\"_ _92\"></span>ent financial liabilities 302 Non-current and current fi<span class=\"lsc4 ws2b2\">nancial liab<span class=\"_ _92\"></span>ilities 2022  <span class=\"_ _2d0\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2\"> </span>  </span></span>Longest maturity Issue volume Carrying amount  as at 31/12 1 year or less Bonds <span class=\"_ _e9\"> </span><span class=\"ls31\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _5f\"> </span>  </span>Euro currency <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _94\"> </span>1,203.0 <span class=\"_ _94\"> </span>1,151.0 <span class=\"_ _23\"> </span>12.0 <span class=\"_ _5f\"> </span>  </span>T<span class=\"_ _14\"></span>otal bonds <span class=\"_ _103\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _1e5\"> </span><span class=\"ls18\">1,151.0 <span class=\"_ _1c\"> </span>12.0 <span class=\"_ _127\"> </span></span>  </span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _94\"> </span>1,203.0 <span class=\"_ _94\"> </span>1,151.0 <span class=\"_ _23\"> </span>12.0 <span class=\"_ _5f\"> </span>  </span>Financial liabilities to banks <span class=\"_ _d0\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _159\"> </span>  </span>Euro currency <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _94\"> </span>2,470.8 <span class=\"_ _94\"> </span>2,129.5 <span class=\"_ _94\"> </span>1,096.6 <span class=\"_ _159\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to banks <span class=\"_ _266\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _1e5\"> </span><span class=\"ls18\">2,129.5 <span class=\"_ _5d\"> </span>1,096.6 <span class=\"_ _5f\"> </span></span>  </span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2037 <span class=\"_ _8\"> </span>490.0 <span class=\"_ _1f\"> </span>236.3 <span class=\"_ _23\"> </span>24.2 <span class=\"_ _159\"> </span>  </span>of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _3a\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _94\"> </span>1,980.8 <span class=\"_ _94\"> </span>1,893.2 <span class=\"_ _94\"> </span>1,072.4 <span class=\"_ _5f\"> </span>  </span>Financial liabilities to others <span class=\"_ _a1\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _5f\"> </span>  </span>Euro currency <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _8\"> </span>174.5 <span class=\"_ _1f\"> </span>175.1 <span class=\"_ _4b\"> </span>0.7 <span class=\"_ _159\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to others <span class=\"_ _1b1\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _11\"> </span><span class=\"ls18\">175.1<span class=\"_ _92\"></span> <span class=\"_ _2c\"> </span>0.7 <span class=\"_ _127\"> </span><span class=\"ls31\">  </span></span></span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _23\"> </span>15.1 <span class=\"_ _23\"> </span>15.6 <span class=\"_ _2c\"> </span>0.5 <span class=\"_ _159\"> </span>  </span>of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _3a\"> </span><span class=\"ls0 ws0\">2024 <span class=\"_ _8\"> </span>159.4 <span class=\"_ _1f\"> </span>159.5 <span class=\"_ _4b\"> </span>0.1 <span class=\"_ _5f\"> </span>  </span>Financial liabilities to banks \u2013  closed items on the balance sheet<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>Foreign curr<span class=\"_ _92\"></span>encies ($) <span class=\"_ _15\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _16a\"> </span>  <span class=\"_ _8\"> </span>438.9 <span class=\"_ _16a\"> </span>  <span class=\"_ _159\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to banks \u2013  closed items on the balance sheet <span class=\"_ _2b5\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _11\"> </span><span class=\"ls18\">438.9 <span class=\"_ _3\"> </span></span>  <span class=\"_ _5f\"> </span>  </span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _16a\"> </span>  <span class=\"_ _8\"> </span>438.9 <span class=\"_ _16a\"> </span>  <span class=\"_ _159\"> </span>  </span>Capital shares attrib<span class=\"_ _92\"></span>utab<span class=\"lsca ws30\">le to limited partners <span class=\"_ _236\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _2c\"> </span>7.3 <span class=\"_ _16a\"> </span>  <span class=\"_ _5f\"> </span>  </span></span>Put liability <span class=\"_ _20d\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls18\">52.1 <span class=\"_ _3\"> </span></span>  <span class=\"_ _159\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities <span class=\"_ _1c3\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _3\"> </span>  <span class=\"_ _1e5\"> </span><span class=\"ls38\">3,9<span class=\"_ _43\"></span>53.9 <span class=\"_ _1e5\"> </span><span class=\"ls18\">1,109.3 <span class=\"_ _5f\"> </span></span></span>  </span>1 There is balan<span class=\"_ _43\"></span>ce sheet c<span class=\"_ _43\"></span>over on the asset<span class=\"_ _43\"></span> side for th<span class=\"_ _43\"></span>ese financi<span class=\"_ _43\"></span>al liabiliti<span class=\"_ _43\"></span>es.<span class=\"_ _333\"> </span>303<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span> <span class=\"_ _7a\"> </span><span class=\"ff2a fs7\">  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _159\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _aa\"> </span><span class=\"ls31\">\u20acm </span></span>\u203a 1 to 2 years<span class=\"_ _43\"></span> \u203a 2 to 3 years<span class=\"_ _43\"></span> \u203a 3 to 4 years<span class=\"_ _43\"></span> \u203a 4 to 5 years<span class=\"_ _43\"></span> \u203a 5 year<span class=\"_ _92\"></span>s Weighted nominal interest rate Weighted effectiv<span class=\"_ _92\"></span>e interest rate Fair value  as at 31/12  <span class=\"_ _b8\"> </span>512.1 13.6 12.9 12.4 <span class=\"_ _8e\"></span>588.0 <span class=\"_ _2d2\"></span>1.29 <span class=\"_ _2d3\"></span>% <span class=\"_ _2d2\"></span>1.34 <span class=\"_ _2d3\"></span>% <span class=\"_ _86\"></span>956.5  <span class=\"_ _d5\"> </span><span class=\"ls18\">512.1 <span class=\"_ _23\"> </span><span class=\"ls49\">13.6 <span class=\"_ _fd\"> </span></span>12.9 <span class=\"_ _23\"> </span>12.4 <span class=\"_ _1f\"> </span>588.0 <span class=\"_ _37\"> </span><span class=\"ws6d6\">1.29 % <span class=\"_ _41\"> </span><span class=\"ls159 ws850\">1.34 % <span class=\"_ _2d4\"> </span></span></span>956.5 </span> <span class=\"_ _b5\"> </span>512.1 <span class=\"_ _68\"> </span>13.6 <span class=\"_ _68\"> </span>12.9 <span class=\"_ _68\"> </span>12.4 <span class=\"_ _6\"> </span>588.0 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">1.29 % <span class=\"_ _147\"> </span>1.34 % <span class=\"_ _1cd\"> </span></span>956.5  <span class=\"_ _aa\"> </span>61.4 313.3 <span class=\"_ _174\"> </span>31.7 252.9 373.6 <span class=\"_ _8b\"></span>2.30 <span class=\"_ _2d5\"></span>% <span class=\"_ _8b\"></span>3.00 <span class=\"_ _2d5\"></span>% <span class=\"_ _db\"></span>2,143.2  <span class=\"_ _19f\"> </span><span class=\"ls18\">61.4 <span class=\"_ _8\"> </span><span class=\"ls31\">313.3 <span class=\"_ _23\"> </span><span class=\"ls29\">31.7 <span class=\"_ _8\"> </span></span></span>252.9 <span class=\"_ _8\"> </span><span class=\"ls31\">373.6 <span class=\"_ _37\"> </span><span class=\"ls159 ws850\">2.30 % <span class=\"_ _41\"> </span></span></span><span class=\"ws6d6\">3.00 % <span class=\"_ _182\"> </span></span>2,143.2 </span> <span class=\"_ _16f\"> </span>22.6 <span class=\"_ _68\"> </span>17.6 <span class=\"_ _66\"> </span>9.8 <span class=\"_ _4a\"> </span>7.0 <span class=\"_ _7\"> </span>155.0 <span class=\"_ _147\"> </span>2.55 % <span class=\"_ _185\"> </span>2.68 % <span class=\"_ _1cd\"> </span>222.8  <span class=\"_ _aa\"> </span>38.8 295.7 <span class=\"_ _174\"> </span>21.9 245.9 218.6 <span class=\"_ _8b\"></span>2.16 <span class=\"_ _2d5\"></span>% <span class=\"_ _8b\"></span>3.33 <span class=\"_ _2d5\"></span>% <span class=\"_ _db\"></span>1,920.4  <span class=\"_ _b8\"> </span>147.0 <span class=\"_ _174\"> </span>0.0 <span class=\"_ _174\"> </span>0.0 12.4 15.1 <span class=\"_ _2d2\"></span>3.91 <span class=\"_ _1b4\"></span>% <span class=\"_ _2d2\"></span>3.17 <span class=\"_ _2d3\"></span>% <span class=\"_ _86\"></span>180.3  <span class=\"_ _d5\"> </span><span class=\"ls18\">147.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _23\"> </span>12.4 <span class=\"_ _23\"> </span>15.1 <span class=\"_ _127\"> </span><span class=\"ls31\">  <span class=\"_ _127\"> </span>  <span class=\"_ _2d4\"> </span></span>180.3 </span> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>15.1 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">7.00 % <span class=\"_ _147\"> </span>7.21 % <span class=\"_ _10d\"> </span></span>19.1  <span class=\"_ _5\"> </span>147.0 0.0 0.0 <span class=\"_ _8e\"></span>12.4 0.0 <span class=\"_ _2d6\"></span>3.61 <span class=\"_ _2d7\"></span>% <span class=\"_ _2d6\"></span>2.34 <span class=\"_ _2d7\"></span>% <span class=\"_ _c8\"></span>161.1  <span class=\"_ _1ad\"> </span>  <span class=\"_ _68\"> </span>92.9 <span class=\"_ _7\"> </span>294.0 <span class=\"_ _68\"> </span>30.3 <span class=\"_ _68\"> </span>21.7 <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _1cd\"> </span>452.5   <span class=\"_ _23\"> </span><span class=\"ls18\">92.9 <span class=\"_ _8\"> </span>294.0<span class=\"_ _92\"></span> <span class=\"_ _fd\"> </span><span class=\"ls31\">30.3 <span class=\"_ _fd\"> </span></span>21.7 <span class=\"_ _2\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _2d4\"> </span></span>452.5 </span> <span class=\"_ _1a\"> </span> <span class=\"_ _2d3\"></span> 92.9 <span class=\"_ _8e\"></span>294.0 30.3 21.7 <span class=\"_ _184\"> </span> <span class=\"_ _2d3\"></span> <span class=\"_ _184\"> </span> <span class=\"_ _2d3\"></span> <span class=\"_ _86\"></span>452.5  <span class=\"_ _2af\"> </span><span class=\"ls31\">7<span class=\"_ _43\"></span>.3 <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _45\"> </span>  </span>52.1 <span class=\"_ _127\"> </span><span class=\"ls31\">  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _45\"> </span>  </span> <span class=\"_ _d5\"> </span><span class=\"ls18\">779.9 <span class=\"_ _8\"> </span>419.<span class=\"_ _92\"></span>8 <span class=\"_ _8\"> </span><span class=\"ls31\">338.6 <span class=\"_ _8\"> </span></span>308.0 <span class=\"_ _1f\"> </span>998.3 <span class=\"_ _127\"> </span></span><span class=\"ls18\"><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _45\"> </span>  </span></span>304 Non-current and current fi<span class=\"lsc4 ws2b2\">nancial liab<span class=\"_ _92\"></span>ilities 2021 </span>  <span class=\"_ _26c\"> </span><span class=\"ff2f ls1d\">Longest </span>maturity  Issue volume Carrying amount as at 31/12 1 year or less Bonds <span class=\"_ _ee\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span>Euro currency <span class=\"_ _98\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _1e8\"> </span>1,000.0 <span class=\"_ _7\"> </span>990.6 <span class=\"_ _4a\"> </span>4.3 <span class=\"_ _aa\"> </span>  </span>T<span class=\"_ _14\"></span>otal bonds <span class=\"_ _1bb\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _8\"> </span><span class=\"ls18\">990.6 <span class=\"_ _4b\"> </span></span>4.3 <span class=\"_ _117\"> </span>  </span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _f8\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _182\"> </span>1,000.0 <span class=\"_ _6\"> </span>990.6 <span class=\"_ _4a\"> </span>4.3 <span class=\"_ _aa\"> </span>  </span>Financial liabilities to banks <span class=\"_ _c6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span>Euro currency <span class=\"_ _98\"> </span><span class=\"ls0 ws0\">2037 <span class=\"_ _1e8\"> </span>1,970.0 <span class=\"_ _182\"> </span>1,711.8 <span class=\"_ _1e8\"> </span>1,458.3 <span class=\"_ _aa\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to banks <span class=\"_ _13c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _94\"> </span><span class=\"ls18\">1,970.0 <span class=\"_ _134\"> </span>1,711.8 <span class=\"_ _134\"> </span>1,458.3 </span></span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _f8\"> </span><span class=\"ls0 ws0\">2037 <span class=\"_ _7\"> </span>490.0 <span class=\"_ _6\"> </span>260.5 <span class=\"_ _68\"> </span>25.8 <span class=\"_ _aa\"> </span>  </span>of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _1ec\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _182\"> </span>1,480.0 <span class=\"_ _1e8\"> </span>1,451.3 <span class=\"_ _182\"> </span>1,432.5 <span class=\"_ _aa\"> </span>  </span>Financial liabilities to others <span class=\"_ _42\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span>Euro currency <span class=\"_ _98\"> </span><span class=\"ls0 ws0\">2024 <span class=\"_ _6\"> </span>147.0 <span class=\"_ _6\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _aa\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to others <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1f\"> </span><span class=\"ls18\">147.0 <span class=\"_ _8\"> </span>147.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _117\"> </span></span>  </span>of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _1ec\"> </span><span class=\"ls0 ws0\">2024 <span class=\"_ _7\"> </span>147.0 <span class=\"_ _6\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _aa\"> </span>  </span>Financial liabilities to banks \u2013  closed items on the balance sheet<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>Foreign curr<span class=\"_ _92\"></span>encies ($) <span class=\"_ _c7\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _5f\"> </span>  <span class=\"_ _6\"> </span>447.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to banks \u2013  closed items on the balance sheet <span class=\"_ _72\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _8\"> </span><span class=\"ls18\">447.2 <span class=\"_ _127\"> </span></span>  </span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _f8\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _5f\"> </span>  <span class=\"_ _6\"> </span>447.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span>Capital shares attrib<span class=\"_ _92\"></span>utab<span class=\"lsca ws30\">le to limited partners <span class=\"_ _148\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _66\"> </span><span class=\"ls18\">0.0<span class=\"_ _92\"></span> <span class=\"_ _5f\"> </span><span class=\"ls31\">  <span class=\"_ _117\"> </span>  </span></span></span></span>T<span class=\"_ _14\"></span>otal financial liabilities <span class=\"_ _2d8\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _94\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _134\"> </span>1,462.6 <span class=\"_ _117\"> </span></span>  </span>1 There is balan<span class=\"_ _43\"></span>ce sheet c<span class=\"_ _43\"></span>over on the asset<span class=\"_ _43\"></span> side for th<span class=\"_ _43\"></span>ese financi<span class=\"_ _43\"></span>al liabiliti<span class=\"_ _43\"></span>es.<span class=\"_ _333\"> </span>305<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL FINANCIAL REP<span class=\"_ _92\"></span>ORT \u2013 GROUP<span class=\"_ _0\"></span><span class=\"ff2a ls0 ws0\"> </span></span> <span class=\"_ _7a\"> </span><span class=\"ff2a fs7\">  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _159\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _aa\"> </span><span class=\"ls31\">\u20acm </span></span>\u203a 1 to 2 years<span class=\"_ _43\"></span> \u203a 2 to 3 years<span class=\"_ _43\"></span> \u203a 3 to 4 years<span class=\"_ _43\"></span> \u203a 4 to 5 years<span class=\"_ _43\"></span> \u203a 5 year<span class=\"_ _92\"></span>s Weighted nominal interest rate Weighted effectiv<span class=\"_ _92\"></span>e interest rate Fair value  as at 31/12  <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>496.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>489.4 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">1.20 % <span class=\"_ _147\"> </span>1.28 % <span class=\"_ _41\"> </span></span>1,019.8  <span class=\"_ _2af\"> </span><span class=\"ls18\">0.0 <span class=\"_ _8\"> </span>496.9 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _1f\"> </span>489.4 <span class=\"_ _37\"> </span><span class=\"ws6d6\">1.20 % <span class=\"_ _41\"> </span>1.28 % <span class=\"_ _182\"> </span></span>1,019.8 </span> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>496.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>489.4 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">1.20 % <span class=\"_ _147\"> </span>1.28 % <span class=\"_ _41\"> </span></span>1,019.8  <span class=\"_ _16f\"> </span>25.1 <span class=\"_ _68\"> </span>25.1 <span class=\"_ _68\"> </span>20.1 <span class=\"_ _68\"> </span>12.3 <span class=\"_ _7\"> </span>170.8 <span class=\"_ _147\"> </span><span class=\"ls5b ws5c\">0.11 % <span class=\"_ _185\"> </span>2.21 % <span class=\"_ _41\"> </span></span>1,740.2  <span class=\"_ _19f\"> </span><span class=\"ls18\">25.1 <span class=\"_ _23\"> </span>25.1 <span class=\"_ _23\"> </span>20.1 <span class=\"_ _23\"> </span>12.3 <span class=\"_ _8\"> </span>170.<span class=\"_ _92\"></span>8 <span class=\"_ _41\"> </span><span class=\"ws6d6\">0.11 % <span class=\"_ _37\"> </span>2.21 % <span class=\"_ _182\"> </span></span>1,740.2 </span> <span class=\"_ _16f\"> </span>22.6 <span class=\"_ _68\"> </span>22.6 <span class=\"_ _68\"> </span>17.6 <span class=\"_ _66\"> </span>9.8 <span class=\"_ _6\"> </span>162.0 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">2.29 % <span class=\"_ _147\"> </span>2.51 % <span class=\"_ _1cd\"> </span></span>289.2  <span class=\"_ _2bc\"> </span>2.5 <span class=\"_ _66\"> </span>2.5 <span class=\"_ _66\"> </span>2.5 <span class=\"_ _66\"> </span>2.5 <span class=\"_ _66\"> </span>8.8 <span class=\"_ _a\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls5b ws5c\">0.28 % <span class=\"_ _147\"> </span>0.36 % <span class=\"_ _41\"> </span></span>1,451.0  <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _147\"> </span><span class=\"ls5b ws5c\">0.90 % <span class=\"_ _185\"> </span>0.96 % <span class=\"_ _1cd\"> </span></span>151.2  <span class=\"_ _2af\"> </span><span class=\"ls18\">0.0 <span class=\"_ _8\"> </span>147.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _37\"> </span><span class=\"ws6d6\">0.90 % <span class=\"_ _37\"> </span>0.96 % <span class=\"_ _6\"> </span></span>151.2 </span> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _147\"> </span><span class=\"ls5b ws5c\">0.90 % <span class=\"_ _185\"> </span>0.96 % <span class=\"_ _1cd\"> </span></span>151.2  <span class=\"_ _1ad\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _6\"> </span>399.0 <span class=\"_ _68\"> </span>48.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _1cd\"> </span>481.0  <span class=\"_ _14e\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _8\"> </span><span class=\"ls18\">399.0 <span class=\"_ _23\"> </span>48.2 <span class=\"_ _127\"> </span></span>  <span class=\"_ _127\"> </span>  <span class=\"_ _2d4\"> </span><span class=\"ls18\">481.0 </span></span> <span class=\"_ _1ad\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _6\"> </span>399.0 <span class=\"_ _68\"> </span>48.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _1cd\"> </span>481.0  <span class=\"_ _2af\"> </span><span class=\"ls18\">0.0 <span class=\"_ _127\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _45\"> </span>  </span></span> <span class=\"_ _19f\"> </span><span class=\"ls18\">25.1 <span class=\"_ _8\"> </span>669.<span class=\"_ _92\"></span>0 <span class=\"_ _23\"> </span>20.1 <span class=\"_ _8\"> </span>411.3 <span class=\"_ _1f\"> </span>708.4 <span class=\"_ _127\"> </span></span><span class=\"ls18\"><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _45\"> </span>  </span></span>306 8.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Non-current other liabilities</span><span class=\"lsef ws877\"> </span>Non-<span class=\"_ _92\"></span>current other liabilities ar<span class=\"_ _92\"></span>e accounted for at amortised cos<span class=\"_ _92\"></span>t and relate primarily to the foll<span class=\"_ _92\"></span>owing transactio<span class=\"_ _0\"></span>ns: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls83 ws1c0\">Obligation<span class=\"_ _92\"></span> to supply electricity under a 20-year<span class=\"_ _92\"></span> el<span class=\"ls33 ws15c\">ectricity supply agreem<span class=\"_ _92\"></span>ent that was<span class=\"_ _92\"></span> incurred in </span></span></span>connection w<span class=\"_ _43\"></span>ith the acquisit<span class=\"_ _43\"></span>ion of Kraftwerksgruppe<span class=\"_ _43\"></span> Inn GmbH (now VERBUND Innkraftwerke GmbH) in the 2009 reporting period<span class=\"_ _92\"></span><span class=\"ls87 ws1f9\">. An unsc<span class=\"_ _43\"></span>heduled repaymen<span class=\"_ _92\"></span>t of 60 % of the oblig<span class=\"_ _92\"></span>ation was made </span>in 2013 as part of the acquisition of (additional) B<span class=\"_ _92\"></span>avarian hydr<span class=\"_ _92\"></span>op<span class=\"_ _43\"></span>ower plant capacities<span class=\"_ _92\"></span>. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls9a ws489\">Obligatio<span class=\"_ _92\"></span>n to transfer the 50 <span class=\"_ _80\"></span>% inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st in Dona<span class=\"_ _92\"></span>ukraftwerk Jochens<span class=\"_ _92\"></span>tein AG back to the Fr<span class=\"_ _92\"></span>ee State of<span class=\"_ _92\"></span> </span></span>Bavaria without consideration that was assume<span class=\"_ _43\"></span>d as <span class=\"ls99 wsb9f\">part of t<span class=\"_ _43\"></span>he acquisition of (a<span class=\"_ _43\"></span>dditional) Bavarian </span>hydr<span class=\"_ _92\"></span>opower plant capacities<span class=\"_ _92\"></span>.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d ws21e\">Lease liabilities reported as liabilities in a<span class=\"ls95 ws0\">ccordance with IFRS 16 (s<span class=\"ls81 ws65\">ee sectio<span class=\"_ _0\"></span>n 4.3 Leases).<span class=\"_ _333\"> </span></span></span></span></span><span class=\"ff36\"><span class=\"ff28 ls7d ws21e\"><span class=\"ls95 ws0\"><span class=\"ls81 ws65\"> </span></span></span></span>Non-current ot<span class=\"_ _92\"></span>her liabilities  <span class=\"_ _ea\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Other liabilities from elec<span class=\"ls0 ws0\">tricity and grid deliv<span class=\"_ _92\"></span>eries <span class=\"_ _c6\"> </span><span class=\"fc4\">54.3 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">142.0 </span></span>Lease liabilities <span class=\"_ _2d9\"> </span><span class=\"fc4\">86.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">126.0 </span>Obligation to return an interest <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">140.4 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">116.7 </span></span>Electricity supply commitment <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">126.5 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>13.4 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _2da\"> </span><span class=\"fc4 ls0 ws0\">2.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">2.8 </span></span>Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">52.8 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls18\">62.3 </span>Non-current other liabilities  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18 ws0\">462.1 <span class=\"_ _16a\"> </span><span class=\"fc0 ls49\">563.4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"fc0 ls49\"> </span></span>9.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls269\">Provision<span class=\"_ _92\"></span>s</span><span class=\"ls269\"> </span>9.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls124 ws2ca\">Provision<span class=\"_ _92\"></span>s in the Group<span class=\"_ _333\"> </span></span><span class=\"ls124 ws2ca\"> </span>In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _14\"></span>37, pro<span class=\"_ _92\"></span>visions are recognised<span class=\"ls99 ws9cf\"> for legal and constructive obligations to external </span>third parties r<span class=\"_ _92\"></span>esulting fro<span class=\"_ _0\"></span>m past even<span class=\"_ _92\"></span>ts whose settlement will pr<span class=\"_ _92\"></span>obably lead to a fut<span class=\"_ _92\"></span>ure outflow of economic resources. It must be possible to reliably estimate the amount of the obligation. Provisions are measur<span class=\"_ _92\"></span>ed at the expected settlemen<span class=\"_ _0\"></span>t amount<span class=\"_ _92\"></span>. Non-<span class=\"_ _92\"></span>current pro<span class=\"_ _92\"></span>visions set aside to settle claims mor<span class=\"_ _92\"></span>e than twelve months in<span class=\"_ _92\"></span>to the future ar<span class=\"_ _92\"></span>e discounted if the pr<span class=\"_ _92\"></span>esent value of the ex<span class=\"_ _92\"></span>pected sett<span class=\"lsa3 ws152\">lement amo<span class=\"_ _92\"></span>unt differs significantl<span class=\"_ _92\"></span>y from the nominal </span>amount<span class=\"_ _92\"></span>. The discount rate is a <span class=\"_ _92\"></span>pre-tax interest <span class=\"_ _92\"></span>rate ad<span class=\"ls6f ws3c6\">justed t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> the specific risks of th<span class=\"_ _92\"></span>e liability. Accrued </span>inter<span class=\"_ _92\"></span>est amounts are pr<span class=\"_ _92\"></span>esented as inter<span class=\"_ _92\"></span>est expenses<span class=\"_ _43\"></span>; any effects fr<span class=\"_ _92\"></span>om changes in the inter<span class=\"_ _92\"></span>est rate ar<span class=\"_ _92\"></span>e recognised in the oper<span class=\"_ _92\"></span>ating resul<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span> 8.2.1  Non-current  other liabilities 307<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Non-current and current provis<span class=\"_ _43\"></span>ions can be broke<span class=\"_ _43\"></span>n down as follows: Non-current an<span class=\"_ _92\"></span>d current provis<span class=\"_ _0\"></span>ions <span class=\"_ _55\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span>Provisions for pensions <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">429.7 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">301.2 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Provisions for obligations  similar to pensions <span class=\"_ _13e\"> </span><span class=\"fc4 ls0 ws0\">143.9 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">98.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Provisions for termination benefi<span class=\"_ _92\"></span>ts <span class=\"_ _65\"> </span><span class=\"fc4 ls0 ws0\">120.1 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls49\">9<span class=\"_ _43\"></span>3.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Provisions for par<span class=\"ls27 ws27\">tial retireme<span class=\"_ _92\"></span>nt <span class=\"_ _1d8\"> </span><span class=\"fc4 ls0 ws0\">3.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.5 <span class=\"_ _16c\"> </span></span>1.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span></span>Other personnel-related prov<span class=\"_ _92\"></span>isions <span class=\"_ _b5\"> </span><span class=\"fc4 ls0 ws0\">25.2 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">21.4 <span class=\"_ _9c\"> </span></span>26.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.9 </span></span>Other provisions <span class=\"_ _194\"> </span><span class=\"fc4 ls0 ws0\">110.7 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">100.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2a fc4 ls0\">16.3 <span class=\"_ _ac\"> </span></span>15.4 </span></span>Non-current and current pro<span class=\"_ _92\"></span>visions <span class=\"_ _60\"> </span><span class=\"fc4 ls18 ws0\">832.9 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">619.5 <span class=\"_ _133\"> </span></span>44.7 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">50.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span>9.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 ws963\">P<span class=\"_ _14\"></span>ersonnel provisions<span class=\"_ _333\"> </span></span><span class=\"ls118 ws963\"> </span><span class=\"ls118 ws963\"> </span>Provisions for current pensions, vested pension bene<span class=\"_ _43\"></span>fits and similar obli<span class=\"_ _43\"></span>gations are determined in accordan<span class=\"_ _92\"></span>ce with IAS <span class=\"_ _62\"></span>19 using the project<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d unit credit method (PUC m<span class=\"_ _92\"></span>ethod), whereb<span class=\"_ _92\"></span>y remeas<span class=\"_ _92\"></span>urements of the net lia<span class=\"_ _92\"></span>bility are recognised in<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other compr<span class=\"_ _92\"></span>ehensive income in the year in which the liability is i<span class=\"_ _92\"></span>ncurred. With t<span class=\"_ _92\"></span>he exception of net inter<span class=\"_ _92\"></span>est expense, all ex<span class=\"_ _92\"></span>penses (and return<span class=\"_ _92\"></span>s) related to these obligations are recognised under p<span class=\"_ _43\"></span>ersonnel exp<span class=\"_ _43\"></span>enses. Net interest expense is reported unde<span class=\"_ _43\"></span>r inter<span class=\"_ _92\"></span>est expenses. These defined bene<span class=\"_ _43\"></span>fit obligations are partially covered by pension plan assets at APK Pensionskasse AG earmar<span class=\"_ _92\"></span>ked for this purpose<span class=\"_ _92\"></span>. Contractual trus<span class=\"_ _92\"></span>t arrangements (CT<span class=\"_ _14\"></span>A) wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> set up in or<span class=\"_ _92\"></span>der to secure the<span class=\"_ _92\"></span> entitlemen<span class=\"_ _92\"></span>ts from the compa<span class=\"_ _92\"></span>ny pension plan for the<span class=\"_ _92\"></span> employees of VERB<span class=\"_ _92\"></span>UND Innkraftwerke G<span class=\"_ _92\"></span>mbH, Innwerk A<span class=\"_ _92\"></span>G and Grenzkraftw<span class=\"_ _92\"></span>erke GmbH. VERBUND is o<span class=\"_ _92\"></span>bligated to pr<span class=\"_ _92\"></span>ovide additional funding to the extent the obligations are to be fulfilled through the pension fund; there is no such obligation to provide additional funding fo<span class=\"_ _92\"></span>r the CT<span class=\"_ _92\"></span>A<span class=\"_ _43\"></span>. Both pension plan as<span class=\"_ _92\"></span>sets as well as the contr<span class=\"_ _92\"></span>actual trust arrangement<span class=\"_ _92\"></span>s are r<span class=\"_ _92\"></span>ecognised as plan assets as defined under IAS <span class=\"_ _14\"></span>19 and offset with the pro<span class=\"_ _92\"></span>vision for current pensions and vested pension be<span class=\"_ _43\"></span>nefits.  Pension plan assets are invested in complianc<span class=\"_ _43\"></span>e with th<span class=\"_ _43\"></span>e pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions of the Austrian Pension Fund Act (Pension<span class=\"_ _92\"></span>skassengesetz, PK<span class=\"_ _92\"></span>G) and the corres<span class=\"_ _92\"></span>ponding regula<span class=\"_ _92\"></span>tions of the Austrian<span class=\"_ _92\"></span> Financial M<span class=\"_ _92\"></span>arket Authority (FMA<span class=\"_ _92\"></span>). Similar<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>obliga<span class=\"_ _92\"></span>tions relate to<span class=\"_ _92\"></span> employer contribution<span class=\"_ _92\"></span>s for supplementary health insuran<span class=\"_ _92\"></span>ce premiums to be paid after retir<span class=\"_ _92\"></span>ement. The pr<span class=\"_ _92\"></span>ovisions are determin<span class=\"_ _92\"></span>ed in the same manner as pro<span class=\"_ _92\"></span>visions for pension obligations.<span class=\"_ _333\"> </span>9.1.1  Non-current and current pr<span class=\"_ _92\"></span>ovisions 308 Exist<span class=\"_ _43\"></span>ing provisions for pensions and similar obligations as we<span class=\"_ _43\"></span>ll as obligations from termination benefits (c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount as at 31 <span class=\"_ _14\"></span>De<span class=\"_ _43\"></span>cember 2022:<span class=\"fc9 ls0 ws0\"> <span class=\"_ _63\"></span></span>\u20ac493.9m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac693.6m) were measured based on assumptions an<span class=\"_ _92\"></span>d estimates as at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. The key factors of in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nce included the discoun<span class=\"_ _92\"></span>t rate<span class=\"_ _92\"></span>, the estimated r<span class=\"_ _92\"></span>etirement a<span class=\"_ _92\"></span>ge and the estimat<span class=\"_ _92\"></span>ed life expectancy as well as future incr<span class=\"_ _92\"></span>eases in salaries and pension be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span>:  Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span>T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span>(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G<span class=\"_ _333\"> </span>VERBUND is exposed to investme<span class=\"_ _43\"></span>nt risk, interest rate risk, life expect<span class=\"_ _43\"></span>ancy r<span class=\"_ _43\"></span>isk and salar<span class=\"_ _43\"></span>y risk<span class=\"_ _43\"></span> as well as the risk of price incre<span class=\"_ _92\"></span>ases and employee turno<span class=\"_ _92\"></span>ver risk based on the existing pension and similar obliga<span class=\"_ _92\"></span>tions as well as obligation<span class=\"_ _92\"></span>s from statutory termination ben<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>fits. The f<span class=\"_ _92\"></span>ollowing sensitivity analyses show the effect<span class=\"_ _92\"></span>s resulting from<span class=\"_ _92\"></span> changes in significant act<span class=\"_ _0\"></span>uarial assumptions o<span class=\"_ _92\"></span>n the obligations<span class=\"_ _92\"></span>. The change in the o<span class=\"_ _92\"></span>bligation was determined in<span class=\"_ _92\"></span> a manner comparable with t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e determin<span class=\"_ _92\"></span>ation of the actual obliga<span class=\"_ _92\"></span>tion based on the PUC method in accordan<span class=\"_ _92\"></span>ce with IAS 19.<span class=\"_ _333\"> </span>9.2.1  Measurement of pensions and  similar obligations  as well as statutory termination benefits<span class=\"_ _333\"> </span> 309<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2022 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2.38 % <span class=\"_ _6c\"> </span>2.49 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>5.17 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.76 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">4.81 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.79 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2022 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.18 % <span class=\"_ _6c\"> </span>3.35 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>6.81 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.18 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.71 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.56 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2022 <span class=\"_ _1cc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.75 % <span class=\"_ _6c\"> </span>1.80 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.48 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.00 % <span class=\"_ _6a\"> </span>0.00 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2021 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.10 % <span class=\"_ _6c\"> </span>3.27 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>6.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.01 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.54 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2021 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.94 % <span class=\"_ _6c\"> </span>4.20 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>8.35 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>7.46 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">7.00 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.66 %<span class=\"_ _333\"> </span></span></span><span class=\"ls26 ws26\"><span class=\"ls5b ws5c\"> </span></span>310 Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2021 Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.91 % <span class=\"_ _6c\"> </span>1.97 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.87 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.68 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.03 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>0.04 %<span class=\"_ _333\"> </span></span></span><span class=\"ls26 ws26\"><span class=\"ls5b ws5c\"> </span></span>Reconcilia<span class=\"_ _43\"></span>tion from defin<span class=\"_ _43\"></span>ed benefit<span class=\"_ _43\"></span> obligation<span class=\"_ _43\"></span> to provision <span class=\"_ _2b7\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Defined benefit obligation  cov<span class=\"_ _92\"></span>ered by plan assets <span class=\"_ _4c\"> </span><span class=\"fc4 ls0 ws0\">298.9 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">224.0 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Fair value of plan asse<span class=\"_ _92\"></span>ts <span class=\"_ _17e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>190.9 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">156.4 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Net value of obligations  cov<span class=\"_ _92\"></span>ered by plan assets <span class=\"_ _259\"> </span><span class=\"fc4 ls18 ws0\">108.0 <span class=\"_ _45\"> </span><span class=\"ff2c fc0\">67.6 <span class=\"_ _bd\"> </span></span><span class=\"ls0\">\u2013 <span class=\"_ _fe\"> </span><span class=\"ff2c fc0\">\u2013 </span></span></span>Defined benefit obligation  not cov<span class=\"_ _92\"></span>ered by plan assets 321.6 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls31\">233.5<span class=\"_ _43\"></span> <span class=\"_ _3\"> </span></span>143.8 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">98.9 </span>Carrying amount of pro<span class=\"_ _92\"></span>visions  as at 31/12 429.6 <span class=\"_ _a3\"> </span><span class=\"ff2c fc0\">301.1 <span class=\"_ _125\"> </span></span><span class=\"ls49\">143.8 <span class=\"_ _133\"> </span></span><span class=\"ff2c fc0\">98.9 </span>P<span class=\"_ _92\"></span>ension expenses <span class=\"_ _72\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.4 <span class=\"_ _60\"> </span></span>2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.0 </span></span>Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _1ca\"> </span><span class=\"fc4 ls0 ws0\">3.6 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">4.1 <span class=\"_ _24c\"> </span></span>1.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.8 </span></span>P<span class=\"_ _92\"></span>ension expenses  (recognised in profit for the period) <span class=\"_ _97\"> </span><span class=\"fc4 ls18 ws0\">7.9 <span class=\"_ _123\"> </span><span class=\"ff2c fc0\">7.5 <span class=\"_ _16e\"> </span></span>4.0 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">3.8 </span></span>Remeasurements of the net liability <span class=\"_ _e3\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>56.5 <span class=\"_ _117\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">114.1 <span class=\"_ _125\"> </span></span></span>\u2013<span class=\"fsa\"> </span>26.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">44.1 </span></span></span>P<span class=\"_ _92\"></span>ension expenses  (recognised in total comprehensive income for the period) <span class=\"_ _d3\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">48.6 <span class=\"_ _4b\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">106.6 <span class=\"_ _51\"> </span></span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls31\">22.3 <span class=\"_ _3c\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">40.3<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2c fc0\"><span class=\"ls18\"> </span></span></span>9.2.2  Provisions f<span class=\"_ _92\"></span>or pensions and  similar obligations 311<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Reconciliation of define<span class=\"ls17a wsba5\">d ben<span class=\"_ _92\"></span>efit obligation  <span class=\"_ _27c\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Defined benefit obligation as at 1/1 <span class=\"_ _ba\"> </span><span class=\"fc4 ls0 ws0\">612.6 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">620.4 <span class=\"_ _53\"> </span></span>170.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">14<span class=\"_ _43\"></span>3.8 </span></span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _17d\"> </span><span class=\"fc4 ls0 ws0\">75.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.4 <span class=\"_ _60\"> </span></span>2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.0 </span></span>P<span class=\"_ _92\"></span>ension payments or contributions to supplementary h<span class=\"_ _92\"></span>ealth insurance (benefit pa<span class=\"_ _92\"></span>yments) <span class=\"_ _20e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>36.0 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">36.1 <span class=\"_ _133\"> </span></span></span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4.6 </span></span></span>Interest ex<span class=\"_ _92\"></span>penses <span class=\"_ _75\"> </span><span class=\"fc4 ls0 ws0\">4.9 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">6.1 <span class=\"_ _60\"> </span></span>1.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.8 </span></span>Remeasurements based on experience adju<span class=\"_ _92\"></span>stments <span class=\"_ _18f\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>12.0 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.4 <span class=\"_ _133\"> </span></span>\u2013<span class=\"fsa\"> </span>8.3 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.2 </span></span></span>Remeasurements arising from changes in demographic assumptions <span class=\"_ _e3\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _24c\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.5 </span></span>Remeasurements arising from changes in financial assumptions \u2013<span class=\"fsa\"> </span>28.6 <span class=\"_ _117\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">136.7 <span class=\"_ _157\"> </span></span></span>\u2013<span class=\"fsa\"> </span>18.0 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">43.4 </span></span>Defined benefit obligation as at 31/12 <span class=\"_ _53\"> </span><span class=\"fc4 ls18 ws0\">620.4 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">457.5 <span class=\"_ _157\"> </span></span><span class=\"ls49\">143.8 <span class=\"_ _133\"> </span></span><span class=\"ff2c fc0\">98.9 </span></span>On 31 <span class=\"_ _86\"></span>D<span class=\"_ _43\"></span>ecember 2022, the weighted aver<span class=\"_ _92\"></span>age du<span class=\"lsbc wsba6\">ration of the pension obligation was 10 <span class=\"_ _86\"></span>years </span>(previous year<span class=\"_ _43\"></span>: 13 <span class=\"_ _80\"></span>years) and that of the obligations<span class=\"_ _43\"></span><span class=\"ls70 wsba7\"> similar to pensions was 14 <span class=\"_ _80\"></span>years (previous year<span class=\"_ _43\"></span>: </span>17 years).<span class=\"_ _333\"> </span>Reconciliation of plan assets <span class=\"_ _79\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Fair value of plan assets <span class=\"_ _92\"></span>as at 1/1 <span class=\"_ _126\"> </span><span class=\"fc4 ls0 ws0\">157.1 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">190.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _17d\"> </span><span class=\"fc4 ls0 ws0\">30.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Contributions by VERBUND <span class=\"_ _17e\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.5 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>P<span class=\"_ _92\"></span>ayouts (ben<span class=\"_ _92\"></span>efit payments) <span class=\"_ _148\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>14.1 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">14.6 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Interest income <span class=\"_ _3e\"> </span><span class=\"fc4 ls0 ws0\">1.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">1.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Other gains (+) or<span class=\"_ _92\"></span> losses (\u2013) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">15.9 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">22.3 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Fair value of p<span class=\"_ _92\"></span>lan assets as at 31/12 <span class=\"_ _12e\"> </span><span class=\"fc4 ls18 ws0\">190.9 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">156.4 <span class=\"_ _162\"> </span></span><span class=\"ls0\">\u2013 <span class=\"_ _9e\"> </span><span class=\"ff2c fc0\">\u2013 </span></span></span>The investment and risk ass<span class=\"_ _43\"></span>ociation in th<span class=\"_ _43\"></span>e pension fund att<span class=\"_ _43\"></span>ributable<span class=\"_ _43\"></span> to VERBUND realised a loss of \u20ac20.4m in the 2022 reporting period (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: gain<span class=\"ls26 ws5d6\"> of \u20ac17.3m). The deficit r<span class=\"_ _92\"></span>epresents the portion </span>of pension obli<span class=\"_ _92\"></span>gations not cover<span class=\"_ _92\"></span>ed by plan assets; these rela<span class=\"_ _92\"></span>te primarily to direct commitmen<span class=\"_ _92\"></span>ts to pension recipients<span class=\"_ _92\"></span>. In the 2023 reporting period, curr<span class=\"_ _92\"></span><span class=\"ls96 ws509\">ent contributions to the pension fund for coverage </span>of defined contribution plans ar<span class=\"_ _92\"></span>e expected in the amount of \u20ac7.<span class=\"_ _92\"></span>0m (previous year<span class=\"_ _43\"></span>: \u20ac0.0m.).<span class=\"_ _333\"> </span>312 Plan assets <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _123\"> </span><span class=\"ls134 wsb1b\">in % </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _18e\"> </span><span class=\"ls31\">  <span class=\"_ _3\"> </span></span><span class=\"ff2c fc0\">2022 <span class=\"_ _2\"> </span>2022 </span></span>  <span class=\"_ _d\"> </span><span class=\"ff2f fc4 lscc\">Quoted <span class=\"_ _9a\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _f3\"> </span></span><span class=\"fc0\">Quoted <span class=\"_ _9d\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span></span></span>Shares <span class=\"_ _1db\"> </span><span class=\"fc4 ls0\">41.7 <span class=\"_ _9c\"> </span>41.7 <span class=\"_ _133\"> </span></span><span class=\"ff2f ls29\">37<span class=\"_ _43\"></span>.9 <span class=\"_ _12b\"> </span>37<span class=\"_ _43\"></span>.9 </span>Bonds <span class=\"_ _1b2\"> </span><span class=\"fc4 ls0\">33.6 <span class=\"_ _9c\"> </span>33.6 <span class=\"_ _133\"> </span></span><span class=\"ff2f ls31\">32.3 <span class=\"_ _ac\"> </span>32.3 </span>Money market <span class=\"_ _33\"> </span><span class=\"fc4 ls0 ws0\">7.0 <span class=\"_ _60\"> </span>7.0 <span class=\"_ _60\"> </span><span class=\"ff2f fc0 ls18\">7.6 <span class=\"_ _47\"> </span>7.6 </span></span>Other investments <span class=\"_ _1a9\"> </span><span class=\"fc4 ls0 ws0\">17.7 <span class=\"_ _9c\"> </span>17.7 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">22.2 <span class=\"_ _12b\"> </span>22.2 </span></span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _c0\"> </span><span class=\"fc4 ls18\">100.0 <span class=\"_ _125\"> </span>100.0 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">100.0 <span class=\"_ _3c\"> </span>100.0<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>VERBUND <span class=\"_ _91\"> </span><span class=\"fs2 lsa2 ws3ca\">r<span class=\"_ _92\"></span>egularly coordin<span class=\"_ _92\"></span>ates the general in<span class=\"_ _92\"></span>vestment guidelines with A<span class=\"_ _92\"></span>PK Pensionskasse AG<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> </span>Risk management in APK Pensions<span class=\"_ _43\"></span>kasse AG is guided by<span class=\"_ _43\"></span> the provisions of the Austrian Pension Fund Act (PK<span class=\"_ _14\"></span>G<span class=\"_ _43\"></span>) and the corr<span class=\"_ _92\"></span>esponding directives o<span class=\"_ _92\"></span>f the Financial M<span class=\"_ _92\"></span>arket A<span class=\"_ _92\"></span>uthority (FMA). Employees whose service began on or before 31 <span class=\"_ _88\"></span>De<span class=\"ls87 wsba9\">cember 2002 are entitled to r<span class=\"_ _92\"></span>eceive a one-time </span>paymen<span class=\"_ _0\"></span>t based on statutory pro<span class=\"_ _92\"></span>visions in particular when they retir<span class=\"_ _92\"></span>e. This obl<span class=\"_ _92\"></span>igation is measured in accordan<span class=\"_ _92\"></span>ce with IAS <span class=\"_ _14\"></span>19 based on the PUC method wi<span class=\"ls67 ws365\">th an accum<span class=\"_ _92\"></span>ulation period of 25 <span class=\"_ _80\"></span>years, wher<span class=\"_ _92\"></span>eby </span>remeas<span class=\"_ _92\"></span>urements of the net l<span class=\"_ _92\"></span>iability are r<span class=\"_ _92\"></span>ecognised immediately in other com<span class=\"_ _92\"></span>prehensive income<span class=\"_ _92\"></span>.  The employ<span class=\"_ _92\"></span>er is only obligated t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> make r<span class=\"_ _92\"></span>egular contributions for all emplo<span class=\"_ _92\"></span>yees whose ser<span class=\"_ _43\"></span>vice began after 31 <span class=\"_ _8a\"></span>December 2002 in Austria. Such con<span class=\"_ _92\"></span>tribu<span class=\"ls46 wsa7a\">tions are therefore ac<span class=\"_ _92\"></span>counted for as defined </span>contribution plans in accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _88\"></span>19. For these emplo<span class=\"_ _92\"></span>yment contracts<span class=\"_ _92\"></span>, the employer pay<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> 1.53 % of the mon<span class=\"_ _92\"></span>thly gross salary into an emp<span class=\"_ _92\"></span>loyee pension fund.  The weighted average duration of the obligations from termination be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span> is seven years as at 31 December 2022 (previous year: eight years).<span class=\"_ _333\"> </span> Analysis of the<span class=\"_ _92\"></span> provisions f<span class=\"_ _92\"></span>or termination benefits <span class=\"_ _230\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Provisions for statutory termination <span class=\"_ _92\"></span>benefits <span class=\"_ _c0\"> </span><span class=\"fc4 ls0 ws0\">119.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">93.4 </span></span>Provisions fo<span class=\"_ _92\"></span>r termination benefits from special agreemen<span class=\"_ _92\"></span>ts  in accordance with social plan 0.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.5 </span>Carrying amount of pr<span class=\"ls1d ws35e\">o<span class=\"_ _92\"></span>visions as at 31/12 <span class=\"_ _282\"> </span><span class=\"fc4 ls18 ws0\">120.0<span class=\"_ _92\"></span> <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">93.9 </span></span></span>Expen<span class=\"_ _43\"></span>se for termi<span class=\"_ _43\"></span>natio<span class=\"_ _43\"></span>n benefit<span class=\"_ _43\"></span> costs <span class=\"_ _2de\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Service costs <span class=\"_ _1f4\"> </span><span class=\"fc4 ls0 ws0\">1.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Expense for termination benefit costs (recognised in profit f<span class=\"_ _92\"></span>or the peri<span class=\"_ _43\"></span>od) <span class=\"_ _9e\"> </span><span class=\"fc4 ls18 ws0\">1.6 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.8 </span></span>Remeasurements of termination be<span class=\"_ _92\"></span>nefits <span class=\"_ _eb\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">13.8 </span></span></span>Expenses for termination benefit costs  (recognised in total comprehensive income for the period) <span class=\"_ _40\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1.7 <span class=\"_ _51\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">12.0<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2c fc0\"><span class=\"ls18\"> </span></span></span>9.2.3  Provisions f<span class=\"_ _92\"></span>or termination  benefits<span class=\"_ _333\"> </span>  313<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Reconcilia<span class=\"_ _43\"></span>tion of defi<span class=\"_ _43\"></span>ned benefit<span class=\"_ _43\"></span> obligatio<span class=\"_ _43\"></span>n for statutory t<span class=\"_ _43\"></span>ermination <span class=\"_ _43\"></span>benefits  <span class=\"_ _6b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Defined benefit obligation as at 1/1 <span class=\"_ _6f\"> </span><span class=\"fc4 ls0 ws0\">123.8 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">119.1 </span></span>Change in the basis of consolidation <span class=\"_ _29b\"> </span><span class=\"fc4 ls0 ws0\">10.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _2df\"> </span><span class=\"fc4 ls0 ws0\">1.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Interest ex<span class=\"_ _92\"></span>penses <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0 ws0\">0.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>T<span class=\"_ _14\"></span>ermination benefits (ben<span class=\"_ _92\"></span>efit payments) <span class=\"_ _2de\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>13.5 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> <span class=\"_ _92\"></span><span class=\"fs8 ls31\">1<span class=\"_ _43\"></span>3.7 </span></span></span></span>Remeasurements bas<span class=\"_ _92\"></span>ed on experience adjustm<span class=\"_ _92\"></span>ents <span class=\"_ _ae\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.5 </span></span>Remeasurements arising f<span class=\"_ _92\"></span>rom changes in demographic assumptions<span class=\"_ _92\"></span> <span class=\"_ _13a\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Remeasurements arising from chan<span class=\"_ _92\"></span><span class=\"ls0 ws0\">ges in financial assumptions <span class=\"_ _18f\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _53\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">16.2 </span></span></span>Defined benefit obligation as at 31/12 <span class=\"_ _208\"> </span><span class=\"fc4 ls18 ws0\">119.1 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">93.4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span>The partial r<span class=\"_ _92\"></span>etirement obli<span class=\"_ _92\"></span>gation is measur<span class=\"_ _92\"></span>ed in accordance with IAS <span class=\"_ _87\"></span>19 based on the PUC meth<span class=\"_ _92\"></span>od, whereb<span class=\"_ _92\"></span>y remeasur<span class=\"_ _92\"></span>ements of the net<span class=\"_ _92\"></span> liability are r<span class=\"_ _92\"></span>ecognised immediately thro<span class=\"_ _92\"></span>ugh profit or los<span class=\"_ _92\"></span>s. <span class=\"_ _89\"></span> The res<span class=\"_ _92\"></span>ulting expenses to be r<span class=\"_ _92\"></span>ecognised are presen<span class=\"_ _92\"></span>ted under pension expenses<span class=\"_ _92\"></span>.  There ar<span class=\"_ _92\"></span>e also CT<span class=\"_ _14\"></span>As for the purpose of securing cr<span class=\"_ _92\"></span>edit balances from partial r<span class=\"_ _92\"></span>etirement model<span class=\"_ _92\"></span>s of employees<span class=\"_ _92\"></span> of VERBUND Innkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke <span class=\"_ _92\"></span>GmbH and Innwerk A<span class=\"_ _92\"></span>G. Ther<span class=\"_ _92\"></span>e is no obliga<span class=\"_ _92\"></span>tion to provide additional funding. The CT<span class=\"_ _14\"></span>A is recognised as plan <span class=\"ls83 ws5e4\">assets as defined under IAS <span class=\"_ _92\"></span>19 and offset against the </span>pro<span class=\"_ _92\"></span>visio<span class=\"_ _43\"></span>n for partial retirement.<span class=\"_ _333\"> </span> Reconcili<span class=\"_ _43\"></span>ation from defi<span class=\"_ _43\"></span>ned benefit<span class=\"_ _43\"></span> oblig<span class=\"_ _43\"></span>ation to p<span class=\"_ _43\"></span>rovisions <span class=\"_ _13a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Defined benefit obligation co<span class=\"_ _92\"></span>vered by plan assets <span class=\"_ _1a7\"> </span><span class=\"fc4 ls0 ws0\">7.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1 </span></span>Fair value of plan asse<span class=\"_ _92\"></span>ts <span class=\"_ _2e0\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.1 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.1 </span></span></span>Carrying amount of pr<span class=\"ls1d ws35e\">o<span class=\"_ _92\"></span>visions as at 31/12 <span class=\"_ _18\"> </span><span class=\"fc4 ls18 ws0\">4.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">5.0 </span></span></span>Expenses for<span class=\"_ _92\"></span> partial retirement<span class=\"_ _92\"></span> <span class=\"_ _f5\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Service costs <span class=\"_ _1f4\"> </span><span class=\"fc4 ls0 ws0\">1.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span>Remeasurements <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0\">0.2 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.9 </span>Expenses for partial re<span class=\"lsca ws30\">tirement (recognised in pr<span class=\"_ _92\"></span>ofit <span class=\"_ _43\"></span>for the period) <span class=\"_ _281\"> </span><span class=\"fc4 ls18 ws0\">1.7 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">2.5 </span></span></span>Reconciliation of defi<span class=\"ls17a wsbae\">ned ben<span class=\"_ _92\"></span>efit obligation <span class=\"_ _78\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Defined benefit obligation as at 1/1 <span class=\"_ _20d\"> </span><span class=\"fc4 ls0 ws0\">7.8 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span>Change in the basis of consolidation <span class=\"_ _e0\"> </span><span class=\"fc4 ls0 ws0\">0.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _2df\"> </span><span class=\"fc4 ls0 ws0\">1.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span>Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>P<span class=\"_ _92\"></span>ayments for early<span class=\"_ _92\"></span> retirement <span class=\"_ _2e1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">2.3 </span></span></span>Remeasurements <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0\">0.6 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.9 </span>Defined benefit obligation as at 31/12 <span class=\"_ _ad\"> </span><span class=\"fc4 ls18 ws0\">7.9 <span class=\"_ _16c\"> </span><span class=\"fc0\">8.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"fc0\"> </span></span>9.2.4  Provisions f<span class=\"_ _92\"></span>or  partial retirement obligations 314 Reconciliation of plan assets <span class=\"_ _26a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Fair value of plan assets <span class=\"_ _92\"></span>as at 1/1 <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">3.1 </span></span>Other gains (+) or<span class=\"_ _92\"></span> losses (\u2013) <span class=\"_ _c9\"> </span><span class=\"fc4 ls0 ws0\">0.4 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Fair value of p<span class=\"_ _92\"></span>lan assets as at 31/12 <span class=\"_ _b7\"> </span><span class=\"fc4 ls31 ws0\">3.1 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">3.1 </span></span>Plan assets <span class=\"_ _2e2\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _123\"> </span><span class=\"ls134 wsb1b\">in % </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Bonds <span class=\"_ _2e3\"> </span><span class=\"fc4 ls0\">100.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">100.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _1f7\"> </span><span class=\"fc4 ls18\">100.0 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">100.0 </span></span>Analysis of other personnel-related p<span class=\"_ _43\"></span>ro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions <span class=\"_ _253\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span>Provision for bonuses from the performance-based  remuneration system  <span class=\"_ _2b5\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _162\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _9c\"> </span></span><span class=\"ls0\">26.4 <span class=\"_ _ac\"> </span></span><span class=\"ff2f fc0\">33.7 </span></span>Provision for anniversary bonus<span class=\"_ _92\"></span>es <span class=\"_ _6b\"> </span><span class=\"fc4 ls0 ws0\">20.0 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">17.2 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Other <span class=\"_ _2dd\"> </span><span class=\"fc4 ls0\">5.2 <span class=\"_ _24c\"> </span></span><span class=\"ff2f ls18\">4.1 <span class=\"_ _60\"> </span></span><span class=\"fc4 ls0\">0.5 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">0.2 </span>Other personnel-related pro<span class=\"_ _92\"></span>visions <span class=\"_ _162\"> </span><span class=\"fc4 ls18 ws0\">25.2<span class=\"_ _92\"></span> <span class=\"_ _9a\"> </span><span class=\"ff2c fc0\">21.3 <span class=\"_ _133\"> </span></span>26.9 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">33.9 </span></span>Reconciliation of other pe<span class=\"ls14c ws55e\">r<span class=\"_ _92\"></span>sonnel-related pr<span class=\"_ _92\"></span>ovisions <span class=\"_ _1ca\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Carrying amount as at 1/1 <span class=\"_ _d1\"> </span><span class=\"fc4 ls49 ws0\">4<span class=\"_ _43\"></span>3.5 <span class=\"_ _133\"> </span><span class=\"ff2c fc0 ls18\">52.1 </span></span>of which non-current <span class=\"_ _1f5\"> </span><span class=\"fc4 ls0 ws0\">22.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">25.2 </span></span>of which current <span class=\"_ _2e4\"> </span><span class=\"fc4 ls0 ws0\">21.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">26.9 </span></span>Change in the basis of consolidation <span class=\"_ _e0\"> </span><span class=\"fc4 ls0 ws0\">5.9 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>New pro<span class=\"_ _0\"></span>visions <span class=\"_ _1d0\"> </span><span class=\"fc4 ls0 ws0\">20.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">28.1 </span></span>Interest accrued <span class=\"_ _2d9\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.2 </span></span>Appropriation <span class=\"_ _2c8\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>17.6 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">21.0<span class=\"_ _92\"></span> </span></span></span>Reversal <span class=\"_ _2e5\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4.<span class=\"_ _92\"></span>1 </span></span></span>Carrying amount as at 31/12 <span class=\"_ _26c\"> </span><span class=\"fc4 ls18 ws0\">52.1<span class=\"_ _92\"></span> <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">55.3 </span></span>of which non-current <span class=\"_ _1f5\"> </span><span class=\"fc4 ls0 ws0\">25.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">21.4 </span></span>of which current <span class=\"_ _2e4\"> </span><span class=\"fc4 ls0 ws0\">26.9 <span class=\"_ _de\"> </span><span class=\"fc0\">33.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"fc0\"> </span></span>9.2.5  Other  perso<span class=\"_ _43\"></span>nne<span class=\"_ _43\"></span>l-rel<span class=\"_ _43\"></span>ated<span class=\"_ _43\"></span> provisions 315<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>9.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1b7 ws92a\">Other provision<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span></span><span class=\"ls1b7 ws92a\"> </span>Dismantling an<span class=\"_ _43\"></span>d decomm<span class=\"lscf ws2f4\">issioning obligations </span>Provisions are r<span class=\"_ _92\"></span>ecog<span class=\"_ _43\"></span>nised at the dis<span class=\"_ _43\"></span>counted settleme<span class=\"_ _43\"></span>nt amounts for obligations resulting from the dismantlin<span class=\"_ _92\"></span>g or decommissioning of power<span class=\"_ _92\"></span> plants in the r<span class=\"_ _92\"></span>eporting period in which they ar<span class=\"_ _92\"></span>e incurred; <span class=\"_ _80\"></span> at the sam<span class=\"_ _92\"></span>e time, the carrying amoun<span class=\"_ _92\"></span>ts for the power pl<span class=\"_ _92\"></span>ants are incr<span class=\"_ _92\"></span>eased as a general rule (see<span class=\"_ _92\"></span> section 4.2 Pr<span class=\"_ _92\"></span>operty, plant and equipmen<span class=\"_ _92\"></span>t). In subsequent periods<span class=\"_ _92\"></span>, the capitalised cos<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s for disman<span class=\"_ _92\"></span>tling or decommissioni<span class=\"_ _92\"></span>ng are depreciated o<span class=\"_ _92\"></span>ver the (remainin<span class=\"_ _92\"></span>g) useful life of the plants; inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st is accrued annually.  The pro<span class=\"_ _92\"></span>visions are measur<span class=\"_ _92\"></span>ed at the reportin<span class=\"_ _92\"></span>g date on the basis of ass<span class=\"_ _92\"></span>umptions and estimates<span class=\"_ _92\"></span>. The key factors of influen<span class=\"_ _92\"></span>ce were the expected disma<span class=\"_ _92\"></span>ntling dates, an<span class=\"_ _92\"></span>y possible expert reports t<span class=\"_ _92\"></span>o ascertain the dismantlin<span class=\"_ _92\"></span>g and decontamination costs o<span class=\"_ _92\"></span>r proceeds from the sal<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> of scrap<span class=\"_ _14\"></span>, the valorisation of these costs and the discount ra<span class=\"_ _92\"></span>te of 2.00 %\u2013 <span class=\"fs2 ws2ac\">8.23 % (previous year: 0.25 %\u2013</span> <span class=\"fs2 ls82 ws249\">5.43 %)<span class=\"_ _333\"> </span></span><span class=\"fs2 ls82 ws249\">.<span class=\"_ _333\"> </span></span><span class=\"fs2 ls82 ws249\"> </span><span class=\"fs2 ls82 ws249\"> </span>Reconciliation of other pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions 2022 <span class=\"_ _229\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _208\"> </span><span class=\"ff2f ls1a ws24\">Dismantling and </span>decontamination costs Other <span class=\"_ _20a\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span>Carrying amount as at 1/1/2022 <span class=\"_ _1c6\"> </span><span class=\"ls0 ws0\">36.3 <span class=\"_ _ba\"> </span>90.7 <span class=\"_ _da\"> </span>127.0 </span>of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">34.4 <span class=\"_ _ba\"> </span>76.3 <span class=\"_ _d5\"> </span>110.7 </span>of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">1.9 <span class=\"_ _ba\"> </span>14.4 <span class=\"_ _14c\"> </span>16.3 </span>New pro<span class=\"_ _0\"></span>visions <span class=\"_ _cf\"> </span><span class=\"ls0 ws0\">3.0 <span class=\"_ _18c\"> </span>8.6 <span class=\"_ _14c\"> </span>11.5 </span>Interest accrued <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.0 <span class=\"_ _18e\"> </span>1.3 <span class=\"_ _6b\"> </span>\u2013<span class=\"_ _92\"></span><span class=\"fsa\"> <span class=\"_ _43\"></span><span class=\"fs8\">0.7 </span></span></span>Appropriation <span class=\"_ _eb\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.7 <span class=\"_ _d9\"> </span>\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _96\"> </span>\u2013<span class=\"fsa\"> </span>11.6 </span>Reversal <span class=\"_ _e4\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>5.6 <span class=\"_ _d9\"> </span>\u2013<span class=\"fsa\"> </span>4.7 <span class=\"_ _96\"> </span>\u2013<span class=\"fsa\"> </span>10.3 </span>Carrying amount as at 31/12/<span class=\"_ _92\"></span>2022 <span class=\"_ _3a\"> </span><span class=\"ls18 ws0\">29.9 <span class=\"_ _d9\"> </span>86.1 <span class=\"_ _97\"> </span>116.0 </span>of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">26.4 <span class=\"_ _ba\"> </span>74.3 <span class=\"_ _d5\"> </span>100.7 </span>of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">3.6 <span class=\"_ _ba\"> </span>11.8 <span class=\"_ _14c\"> </span>15.4 </span>Reconciliation of other pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions 2021 <span class=\"_ _229\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _208\"> </span><span class=\"ff2f ls1a ws24\">Dismantling and </span>decontamination costs Other <span class=\"_ _20a\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span>Carrying amount as at 1/1/2021 <span class=\"_ _1c6\"> </span><span class=\"ls0 ws0\">35.9 <span class=\"_ _65\"> </span>90.2 <span class=\"_ _da\"> </span>126.1 </span>of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">33.3 <span class=\"_ _65\"> </span>76.2 <span class=\"_ _da\"> </span>109.5 </span>of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">2.6 <span class=\"_ _65\"> </span>14.0 <span class=\"_ _58\"> </span>16.6 </span>Change in the basis of consolidation <span class=\"_ _288\"> </span><span class=\"ls0 ws0\">4.0 <span class=\"_ _138\"> </span>2.7 <span class=\"_ _24b\"> </span>6.6 </span>New pro<span class=\"_ _0\"></span>visions <span class=\"_ _cf\"> </span><span class=\"ls0 ws0\">1.3 <span class=\"_ _138\"> </span>7.2 <span class=\"_ _24b\"> </span>8.4 </span>Interest accrued <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _126\"> </span>0.4 <span class=\"_ _2b9\"> </span>0.1 </span>Appropriation <span class=\"_ _eb\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.9 <span class=\"_ _bd\"> </span>\u2013<span class=\"fsa\"> </span>7.6 <span class=\"_ _6b\"> </span>\u2013<span class=\"fsa\"> </span>8.5 </span>Reversal <span class=\"_ _e4\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _bd\"> </span>\u2013<span class=\"fsa\"> </span>2.1 <span class=\"_ _6b\"> </span>\u2013<span class=\"fsa\"> </span>5.6 </span>Currency translation <span class=\"_ _ce\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _138\"> </span>0.0 <span class=\"_ _2e7\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Carrying amount as at 31/12/<span class=\"_ _92\"></span>2021 <span class=\"_ _3a\"> </span><span class=\"ls31 ws0\">36.3 <span class=\"_ _162\"> </span><span class=\"ls18\">90.7 <span class=\"_ _18c\"> </span>127.0 </span></span>of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">34.4 <span class=\"_ _65\"> </span>76.3 <span class=\"_ _da\"> </span>110.7 </span>of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">1.9 <span class=\"_ _65\"> </span>14.4 <span class=\"_ _58\"> </span>16.3<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>9.3.1  Other  provisions 316 10.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"ls26b\">Ta<span class=\"_ _83\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _83\"></span>s<span class=\"_ _109\"></span> </span>Curr<span class=\"_ _92\"></span>ent tax liabilities in<span class=\"_ _92\"></span> the 2022 reporting period c<span class=\"_ _92\"></span>an be broken down as fol<span class=\"_ _92\"></span>lows<span class=\"_ _43\"></span>: Current<span class=\"_ _92\"></span> tax liabilities <span class=\"_ _23b\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>T<span class=\"_ _14\"></span>axes on income <span class=\"_ _261\"> </span><span class=\"fc4 ls0 ws0\">219.5 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">454.0 </span></span>Other taxes <span class=\"_ _28e\"> </span><span class=\"fc4 ls0 ws0\">2.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.9 </span></span>Current tax liabilities <span class=\"_ _153\"> </span><span class=\"fc4 ls18 ws0\">222.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">457.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span>Deferred tax<span class=\"_ _92\"></span>es were netted ag<span class=\"_ _92\"></span>ainst the same ta<span class=\"_ _92\"></span>x authority as follo<span class=\"_ _92\"></span>ws<span class=\"_ _43\"></span>: Net def<span class=\"_ _92\"></span>erred tax assets and l<span class=\"_ _92\"></span>iabilities  <span class=\"_ _2e0\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _df\"> </span><span class=\"fc4 ls18 ws6d5\">2021  <span class=\"_ _2e\"> </span><span class=\"ff2c fc0\">2022  </span></span>  <span class=\"_ _12f\"> </span><span class=\"ff2f fc4 ls24 ws95a\"> T<span class=\"_ _14\"></span>otal assets  <span class=\"_ _180\"> </span><span class=\"ls60 ws813\"> T<span class=\"_ _14\"></span>otal liabilities  <span class=\"_ _b\"> </span><span class=\"fc0 ls30 ws5c6\">T<span class=\"_ _14\"></span>otal assets <span class=\"_ _bc\"> </span><span class=\"ls5d ws2d\">T<span class=\"_ _14\"></span>otal equity and </span></span></span></span>liabilities Property<span class=\"_ _14\"></span>, plant and equi<span class=\"_ _92\"></span>pment <span class=\"_ _7a\"> </span><span class=\"fc4 ls0 ws0\">0.3 <span class=\"_ _3\"> </span>936.5 <span class=\"_ _60\"> </span><span class=\"fc0\">2.6 <span class=\"_ _aa\"> </span>1,011.6 </span></span>T<span class=\"_ _14\"></span>ax-deductible goodwill <span class=\"_ _1d3\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span>82.0 <span class=\"_ _16c\"> </span><span class=\"fc0\">0.0 <span class=\"_ _de\"> </span>95.6 </span></span>Financial instruments <span class=\"_ _1ac\"> </span><span class=\"fc4 ls0 ws0\">492.4 <span class=\"_ _60\"> </span>7.0 <span class=\"_ _3\"> </span><span class=\"fc0\">334.1 <span class=\"_ _de\"> </span>22.6 </span></span>Special depreciation<span class=\"ls60 ws61\"> for tax purposes <span class=\"_ _1d4\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span>87.9 <span class=\"_ _60\"> </span><span class=\"fc0\">0.0 <span class=\"_ _de\"> </span>80.1 </span></span></span>Provisions fo<span class=\"_ _92\"></span>r employee benefits relating to pensions and  termination benefits (Sozi<span class=\"_ _92\"></span>alkapital) 121.0 <span class=\"_ _60\"> </span>0.8 <span class=\"_ _9c\"> </span><span class=\"fc0\">67.6 <span class=\"_ _61\"> </span>0.0 </span>Regulatory <span class=\"ls0\">obligations <span class=\"_ _186\"> </span><span class=\"fc4\">0.0 <span class=\"_ _9c\"> </span>98.4 <span class=\"_ _16c\"> </span></span>0.0 <span class=\"_ _de\"> </span>81.8 </span>T<span class=\"_ _14\"></span>ax loss carryforwards <span class=\"_ _234\"> </span><span class=\"fc4 ls0 ws0\">136.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _3\"> </span><span class=\"fc0\">123.2 <span class=\"_ _61\"> </span>0.0 </span></span>Other line items <span class=\"_ _38\"> </span><span class=\"fc4 ls0 ws0\">46.1 <span class=\"_ _9c\"> </span>34.4 <span class=\"_ _9c\"> </span><span class=\"fc0\">78.5 <span class=\"_ _de\"> </span>79.0 </span></span>Deferred tax assets/liabilities <span class=\"_ _3b\"> </span><span class=\"fc4 ls18 ws0\">795.9 <span class=\"_ _66\"> </span>1,247.0 <span class=\"_ _157\"> </span><span class=\"fc0\">606.0 <span class=\"_ _132\"> </span>1,370.6 </span></span>Netting of deferred tax<span class=\"_ _92\"></span> assets and liabilities against the same  tax authority \u2013<span class=\"fsa\"> </span><span class=\"ls18\">760.1 <span class=\"_ _f3\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">760.1 <span class=\"_ _f3\"> </span></span><span class=\"fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">570.1 <span class=\"_ _5b\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">570.1 </span></span>Net deferred tax assets and liabilities <span class=\"_ _54\"> </span><span class=\"fc4 ls29 ws0\">35.8 <span class=\"_ _125\"> </span><span class=\"ls18\">486.9 <span class=\"_ _9d\"> </span></span><span class=\"fc0\">35.8 <span class=\"_ _16a\"> </span><span class=\"ls18\">800.5 </span></span></span>Outside basis differences<span class=\"_ _92\"></span> At 31 <span class=\"_ _14\"></span>December 2022 (and in the previous year), it <span class=\"ls7d ws284\">could be assumed under present tax rules tha<span class=\"_ _92\"></span>t the </span>differences between<span class=\"_ _92\"></span> the tax base of equity interests <span class=\"ls6b ws311\">and the pr<span class=\"_ _92\"></span>oportionate shar<span class=\"_ _92\"></span>e of equity (outside basis </span>differences) o<span class=\"_ _92\"></span>f the consolidated subsidiaries, br<span class=\"_ _92\"></span>an<span class=\"lsa2 wsb63\">ch offices, as<span class=\"_ _92\"></span>sociates and joint arrangemen<span class=\"_ _92\"></span>ts </span>included in VERBUND\u2019<span class=\"_ _92\"></span>s consolidated IFRS financia<span class=\"ls6b ws398\">l statements<span class=\"_ _92\"></span>, which result in particular fr<span class=\"_ _92\"></span>om </span>retained ear<span class=\"_ _92\"></span>nings and uncover<span class=\"_ _92\"></span>ed losses, will rem<span class=\"_ _92\"></span>ain tax-free for the fo<span class=\"_ _92\"></span>reseeable futur<span class=\"_ _92\"></span>e. Therefo<span class=\"_ _0\"></span>re<span class=\"_ _92\"></span>, no tax liability was recognised at 31 <span class=\"_ _88\"></span>D<span class=\"_ _43\"></span>ecember 2022 for <span class=\"lsab wsacf\">temporary differences in the amount of \u20ac3,418.0m<span class=\"_ _92\"></span> </span>(previous year: \u20ac3,061.1m) in connecti<span class=\"ls87 ws185\">on with these equity interests.</span><span class=\"ls87 ws185\"><span class=\"_ _92\"></span> </span>317<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>11.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"lsef wsb8b\">Risk management  </span>VERBUND also uses primary and deriv<span class=\"_ _92\"></span>ative financial instrumen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s in both the fin<span class=\"_ _92\"></span>ance and energy area<span class=\"_ _92\"></span> for the purpose of<span class=\"_ _92\"></span> risk management<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span>11.1<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls120 ws6d1\">Risk management in the finance area </span>VERBUND is exposed to considerable financial risk in<span class=\"ls75 ws277\"> its operating activitie<span class=\"_ _92\"></span>s and the related financing </span>transaction<span class=\"_ _92\"></span>s. These comprise mainly int<span class=\"_ _92\"></span>erest rate and liquidity risk<span class=\"_ _92\"></span>s, counterparty risks<span class=\"_ _92\"></span>, price risks from securities, for<span class=\"_ _92\"></span>eign exchange ris<span class=\"_ _92\"></span>ks and the ri<span class=\"ls0 ws2ac\">sk of a change in VERBUND\u2019<span class=\"_ _14\"></span>s rating.  </span>Therefo<span class=\"_ _92\"></span>re, the focus is placed on the iden<span class=\"_ _92\"></span>tification, analysis and asses<span class=\"_ _92\"></span>sment of risks and opportunitie<span class=\"_ _43\"></span>s as well as on t<span class=\"_ _43\"></span>he deter<span class=\"_ _43\"></span>mination of me<span class=\"ls82 wsbb5\">asures to be impl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mented in this con<span class=\"_ _92\"></span>text in </span>VERBUND\u2019<span class=\"_ _92\"></span>s finance area. Own rules were defined in connect<span class=\"_ _43\"></span>ion with Group policies<span class=\"_ _43\"></span> in order to also monitor and man<span class=\"_ _92\"></span>age the financial risks accor<span class=\"_ _92\"></span>dingly.  The measures for mo<span class=\"_ _43\"></span>nitoring and managing <span class=\"ls71 wsf8\">financial risks in<span class=\"_ _43\"></span>clude in particular:  </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls28 wsb65\">the calculation and assess<span class=\"_ _43\"></span>ment of KPIs in line wit<span class=\"_ _43\"></span>h market conditions with<span class=\"_ _43\"></span> respect to locking in<span class=\"_ _43\"></span> </span></span>interest rates, curr<span class=\"_ _92\"></span>enc<span class=\"_ _43\"></span>y dive<span class=\"lsa8 ws3eb\">rsificat<span class=\"_ _43\"></span>ion and the duration of<span class=\"ls96 ws5b\"> financial liabilities<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls95\">the drafting of a<span class=\"_ _92\"></span> continuous liquidity plan on which <span class=\"ls26 ws340\">basis su<span class=\"_ _92\"></span>fficient liquidity is ensured at all<span class=\"_ _92\"></span> times.</span></span></span><span class=\"ff36\"><span class=\"ff28 ls95\"><span class=\"ls26 ws340\"> </span></span></span>The primar<span class=\"_ _43\"></span>y financial instruments held by VERBUND <span class=\"_ _91\"> </span><span class=\"fs2 lsbc ws845\">include, in particular<span class=\"_ _14\"></span>, investments such as </span>securities, loan<span class=\"_ _92\"></span>s, equity intere<span class=\"_ _92\"></span>sts, trade r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceiva<span class=\"_ _92\"></span>ble<span class=\"ls6b wse6\">s, cash at ban<span class=\"_ _92\"></span>ks, securitised and non-securitised </span>financial liabilities and trade payables<span class=\"_ _92\"></span>. The derivative fin<span class=\"_ _92\"></span>ancial instruments used in the finan<span class=\"_ _92\"></span>ce area comprise the foll<span class=\"_ _92\"></span>owing and are recognised under<span class=\"_ _92\"></span> the balance sheet items li<span class=\"_ _92\"></span>sted: Receivables fr<span class=\"_ _92\"></span>om derivative financial<span class=\"_ _92\"></span> instruments <span class=\"_ _48\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"lsca ws30\">Reference v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue<span class=\"_ _333\"> </span></span>1 <span class=\"_ _278\"> </span><span class=\"fc4 ls1d ws35e\">P<span class=\"_ _92\"></span>ositive fair values <span class=\"_ _183\"> </span><span class=\"ff2c fc0 ls24 ws95a\">P<span class=\"_ _92\"></span>ositive f<span class=\"_ _92\"></span>air values </span></span>  <span class=\"_ _242\"> </span><span class=\"ff2f ls31\">  <span class=\"_ _132\"> </span><span class=\"fc4 ls159\">31/12/2021 <span class=\"_ _59\"> </span><span class=\"fc0\">31/12/20<span class=\"_ _43\"></span>22 </span></span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 closed items on the balance sheet (fix<span class=\"_ _92\"></span>ed interest recipient)  $281.6m (previous year: $276.7m) <span class=\"_ _da\"> </span><span class=\"fc4 ls0 ws0\">70.3 <span class=\"_ _b5\"> </span><span class=\"ff2f fc0 ls29\">31.5 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 hedges  (fixed interest <span class=\"_ _92\"></span>payment) \u20ac300.4m (previous year: \u20ac0.0m) <span class=\"_ _14c\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _1b0\"> </span><span class=\"ff2f fc0 ls49\">43.5 </span></span>Interest rate sw<span class=\"_ _92\"></span>ap relating to  financial liabilities (freestanding) \u20ac37.3m (previous year: \u20ac0.0m) 0.0 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">1.<span class=\"_ _92\"></span>1 </span>1 The referenc<span class=\"_ _43\"></span>e value inclu<span class=\"_ _43\"></span>des the refer<span class=\"_ _43\"></span>ence basis <span class=\"_ _43\"></span>of the derivative<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span>. The actual <span class=\"_ _43\"></span>cash flows on<span class=\"_ _43\"></span>ly represent a <span class=\"_ _43\"></span>fractio<span class=\"ls199 ws896\">n of th<span class=\"_ _43\"></span>ese values<span class=\"_ _333\"> </span></span><span class=\"ls199 ws896\">.<span class=\"_ _333\"> </span></span><span class=\"ls199 ws896\"> </span>Financia<span class=\"_ _92\"></span>l instruments 318 Derivativ<span class=\"_ _92\"></span>e financial instruments in<span class=\"_ _92\"></span> other liabilities <span class=\"_ _106\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _208\"> </span><span class=\"lsca ws30\">Reference value<span class=\"_ _333\"> </span></span>1 <span class=\"_ _b0\"> </span><span class=\"fc4 ls1a ws24\">Negative fair v<span class=\"_ _92\"></span>alues <span class=\"_ _1b3\"> </span><span class=\"ff2c fc0 ls46 ws2b\">Negative fair </span></span>values   <span class=\"_ _77\"> </span><span class=\"ff2f ls31\">  <span class=\"_ _132\"> </span><span class=\"fc4 ls159\">31/1<span class=\"_ _43\"></span>2/2021 <span class=\"_ _5a\"> </span></span><span class=\"ff37 ls24\">31/12/2022 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 hedges  (fixed interest <span class=\"_ _92\"></span>payment) \u20ac0.0m (previous year: \u20ac56.8m) 3.6 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span>Interest rate sw<span class=\"_ _92\"></span>ap relating to  financial liabilities (freestanding) \u20ac0.0m (previous year: \u20ac90.8m) <span class=\"_ _19f\"> </span><span class=\"fc4 ls0 ws0\">2.3 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>1 The referenc<span class=\"_ _43\"></span>e value inclu<span class=\"_ _43\"></span>des the refer<span class=\"_ _43\"></span>ence basis <span class=\"_ _43\"></span>of the derivative<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span>. The actual <span class=\"_ _43\"></span>cash flows on<span class=\"_ _43\"></span>ly represent a <span class=\"_ _43\"></span>fractio<span class=\"ls199 ws896\">n of th<span class=\"_ _43\"></span>ese values. </span>The derivative <span class=\"_ _92\"></span>financial instruments listed serve exclusively<span class=\"_ _92\"></span> to hedge financially ag<span class=\"_ _92\"></span>ainst existing currency and inter<span class=\"_ _92\"></span>est rate risks (see sectio<span class=\"_ _92\"></span>n entitled Int<span class=\"_ _92\"></span>erest rate risk for<span class=\"_ _92\"></span> notes on the inter<span class=\"_ _92\"></span>est rate swaps<span class=\"_ _92\"></span> entered in<span class=\"_ _92\"></span>to f<span class=\"_ _43\"></span>or financial liabilities bearing vari<span class=\"ls6d wsa2d\">able interest as well as fo<span class=\"_ _92\"></span>r intra-Group pr<span class=\"_ _92\"></span>oject </span>financing)<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> For<span class=\"_ _92\"></span> VERBUND, ensuring t<span class=\"_ _92\"></span>hat liquidity is av<span class=\"_ _92\"></span>ailable at all times has<span class=\"_ _92\"></span> the highest priority. As at 31 <span class=\"_ _92\"></span>December 2022, VERBUND had an envir<span class=\"_ _92\"></span>onmental, <span class=\"ls95 wsa66\">social, governance (ESG)-l<span class=\"ls1b ws71f\">inked syndicated loan </span></span>in the amount of \u20ac500.0m at its di<span class=\"lsb2 ws90a\">sposal that had not been drawn do<span class=\"ls82 ws736\">wn. The loan, which was taken out </span></span>with twelve domestic and intern<span class=\"_ _92\"></span>at<span class=\"_ _43\"></span><span class=\"ls87 ws3fc\">ional banks with good credit rati<span class=\"ls46 ws6dc\">ngs<span class=\"_ _92\"></span>, matur<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s in December <span class=\"_ _92\"></span>2023 with </span></span>two additional extension opt<span class=\"_ _43\"></span>ions of one year in ea<span class=\"ls1ca ws4ff\">ch<span class=\"_ _43\"></span> case. VERBUND<span class=\"_ _43\"></span> also had a<span class=\"_ _43\"></span>ccess to commit<span class=\"_ _43\"></span>ted </span>lines of credit amounting to \u20ac2,350.0m and un<span class=\"_ _92\"></span>commi<span class=\"ls70 ws1d8\">tted lines of credit amounting to appro<span class=\"_ _92\"></span>x<span class=\"_ _43\"></span>imately </span>\u20ac2,740.0m at the end of 2022. As a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31 <span class=\"_ _14\"></span>December <span class=\"_ _14\"></span>2022, <span class=\"ls7d ws284\">these cr<span class=\"_ _92\"></span>edit lines had been drawn do<span class=\"_ _92\"></span>wn in the<span class=\"_ _43\"></span> </span>amount of \u20ac150.0m and \u20ac500m. In addition, ther<span class=\"_ _92\"></span>e are al<span class=\"ls64 ws655\">so liquidity reserves in <span class=\"ls83 ws477\">the form of securities </span></span>and investment funds<span class=\"_ _92\"></span>.  See section <span class=\"_ _121\"></span>5.1 Accoun<span class=\"_ _92\"></span>ting treatm<span class=\"_ _92\"></span>ent of financial ins<span class=\"_ _92\"></span>truments regar<span class=\"_ _92\"></span>ding contractuall<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> agreed<span class=\"_ _92\"></span> (undiscounted) cash out<span class=\"_ _43\"></span>flows from financial <span class=\"ls79 ws190\">liabilities in accor<span class=\"_ _92\"></span>dan<span class=\"ls75 ws81\">ce with IFRS 7.<span class=\"_ _333\"> </span></span></span><span class=\"ls79 ws190\"><span class=\"ls75 ws81\">  </span></span>The amount<span class=\"_ _92\"></span>s reported on the asset side <span class=\"_ _92\"></span>also represen<span class=\"_ _92\"></span>t the maximum credit an<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>default risk. <span class=\"_ _8a\"></span> The counterpar<span class=\"_ _92\"></span>ty risk in the electricity and grid busine<span class=\"ls76 ws7f\">ss as wel<span class=\"_ _92\"></span>l as in the finance are<span class=\"_ _92\"></span>a is measured and </span>monitored uniformly as par<span class=\"_ _43\"></span>t of Group-wide risk management.  Measures to r<span class=\"_ _92\"></span>educe counterparty risk 1 <span class=\"_ _177\"> </span><span class=\"ls1c ws1d\">Transactions and i<span class=\"_ _92\"></span>nvestments are carri<span class=\"ls2b ws29\">ed out principally only with custom<span class=\"ls46 ws45\">ers with sufficient creditworthiness </span></span></span>(i.e. with external <span class=\"_ _92\"></span>investment grade ratings from an internation<span class=\"_ _92\"></span>al rating agency or based on  an internal credit review) 2 <span class=\"_ _177\"> </span><span class=\"ls34 ws32\">Assignmen<span class=\"_ _92\"></span>t of individual limits for each co<span class=\"ls21 ws22\">unterparty based on th<span class=\"_ _92\"></span>e credit assessment </span></span>3 <span class=\"_ _177\"> </span><span class=\"ls46 ws45\">Group-wide monitoring of the <span class=\"ls61 ws62\">in<span class=\"_ _92\"></span>dividual counterparty limits </span></span>4 <span class=\"_ _177\"> </span><span class=\"ls33 ws30\">Observ<span class=\"_ _92\"></span>ance of counterparty risk as a whole and of th<span class=\"_ _92\"></span>e customer structure portfolio based on  </span>probabilities published by inter<span class=\"_ _92\"></span><span class=\"ls60 ws61\">national rating agencies </span>5 <span class=\"_ _177\"> </span><span class=\"ls46 ws45\">Securing sufficien<span class=\"_ _92\"></span>t collateral (e<span class=\"ls27 ws27\">.g. advance payments, bank guaran<span class=\"ls1a ws1c\">tees, letters of comfort) for  </span></span></span>transactions entered into 6 <span class=\"_ _177\"> </span><span class=\"ls1d ws1e\">Reduction of risk by ent<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ring into <span class=\"ls1f ws20\">offsetting agreements (<span class=\"_ _92\"></span>with the except<span class=\"ls34 ws32\">ion of operating activities in the </span></span></span>regulated Grid se<span class=\"_ _92\"></span>gment, where there are some <span class=\"_ _92\"></span>trade receivables for which the debto<span class=\"_ _92\"></span>r does not meet the requirements due to<span class=\"_ _92\"></span> obligations to contract)<span class=\"_ _333\"> </span>Liquidity risk Credit risk <div class=\"t m0 h4 ff2a fs0 fc0 sc0 lsae ws0 gs222\">319<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 ws59b gs10f2\">In the 2022 re<span class=\"_ _92\"></span>porting period, a credit insurance policy was in effect for Austria and Germany in the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws549 gs10f3\">consumer business area with a 10 <span class=\"_ _86\"></span>% deductible<span class=\"ls0 wsbb9\">. As at 31 <span class=\"_ _89\"></span>December 2022, \u20ac132.1m of the trade </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws4dc gs10f4\">receiva<span class=\"_ _92\"></span>bles (previous year: \u20ac114.1m) were co<span class=\"_ _92\"></span>vered under this insur<span class=\"_ _92\"></span>ance policy; however<span class=\"_ _14\"></span>, there is a<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 wsde gs10f5\">maximum cover<span class=\"_ _92\"></span>age of \u20ac10.0m per year<span class=\"_ _14\"></span>.<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws11a gs10f6\">The table belo<span class=\"_ _92\"></span>w provides an o<span class=\"_ _92\"></span>ver<span class=\"_ _43\"></span>view of the ma<span class=\"_ _92\"></span>terial<span class=\"ls87 wsf2\"> financial instruments with credit risk by credit </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gs10f7\">ratin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> group<span class=\"_ _92\"></span>: </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13b ws7dc gs10f8\">Fina<span class=\"_ _92\"></span>ncial instruments with credit ri<span class=\"lsc4 ws2b2\">sk by<span class=\"_ _92\"></span> assigned rating group<span class=\"_ _92\"></span> 2022 <span class=\"_ _168\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span></div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls1ab ws0 gs10f9\">Credit </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls22 ws0 gs10fa\">rating </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls5c ws0 gs10fb\">group </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26c ws0 gs10fc\">Equivalent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26d ws0 gs10fd\">Moody\u2019<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls247 ws0 gs10fe\">rating </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24c ws0 gs10ff\">Financial </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls259 ws0 gs1100\">instruments </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26e ws61b gs1101\">\u2013 closed </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1fb wsb7e gs1102\">items on the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26f ws0 gs1103\">balance </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls260 ws0 gs1104\">sheet </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls258 ws0 gs1105\">Securities </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25e ws0 gs1106\">Non-current </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25d ws91c gs1107\">and current </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls260 ws0 gs1108\">other </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26f ws0 gs1109\">receivables<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs110a\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls270 ws0 gs110b\">Tr<span class=\"_ _63\"></span>a<span class=\"_ _81\"></span>d<span class=\"_ _63\"></span>e<span class=\"_ _81\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26f ws0 gs110c\">receivables </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls271 ws0 gs110d\">Derivatives </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls246 ws1b gs110e\">in the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls255 ws68 gs110f\">energy area </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls272 ws0 gs1110\">Inv<span class=\"_ _92\"></span>estments </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls103 ws6d6 gs1111\">as well as </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls261 wsb82 gs1112\">cash and </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls257 ws0 gs1113\">cash </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25c ws0 gs1114\">equivalents<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs1115\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws0 gs1116\">A <span class=\"_ _46\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _7\"> </span></span><span class=\"ls0\">270.8 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>30.1 <span class=\"_ _68\"> </span>62.0 <span class=\"_ _1cd\"> </span>181.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs1117\">B <span class=\"_ _93\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _7\"> </span></span>168.0 <span class=\"_ _66\"> </span>5.7 <span class=\"_ _68\"> </span>19.0 <span class=\"_ _6\"> </span>325.1 <span class=\"_ _7\"> </span>183.1 <span class=\"_ _1cd\"> </span>168.0 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws0 gs1118\">C1\u2013C3 <span class=\"_ _68\"> </span><span class=\"ls2d ws33\">up to Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>21.2 <span class=\"_ _7\"> </span>283.2 <span class=\"_ _1e8\"> </span>1,793.4 <span class=\"_ _2b\"> </span>59.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws0 gs1119\">D1\u2013D5 <span class=\"_ _6\"> </span><span class=\"ls1e ws1f\">below Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>23.6 <span class=\"_ _7\"> </span>156.5 <span class=\"_ _f3\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs111a\">Not rated <span class=\"_ _93\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>155.4 <span class=\"_ _7\"> </span>833.0 <span class=\"_ _6\"> </span>306.4 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _f3\"> </span>0.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs111b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _17b\"> </span><span class=\"ls31\">  <span class=\"_ _8\"> </span><span class=\"ls18\">438.8<span class=\"_ _92\"></span> <span class=\"_ _8\"> </span>161.1 <span class=\"_ _8\"> </span><span class=\"ls49\">873.2 <span class=\"_ _8\"> </span></span>96<span class=\"_ _92\"></span>8.4 <span class=\"_ _94\"> </span>2,195.<span class=\"_ _92\"></span>0 <span class=\"_ _2d4\"> </span>409.3 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs111c\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls51 ws53 gs111d\"> incl. receiv<span class=\"_ _43\"></span>ables fro<span class=\"_ _43\"></span>m investees<span class=\"_ _43\"></span> and loans<span class=\"_ _43\"></span> to investe<span class=\"_ _43\"></span>es // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs111e\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gs111f\"> Non-current an<span class=\"_ _43\"></span>d current other<span class=\"_ _43\"></span> loans and <span class=\"_ _43\"></span>money market<span class=\"_ _43\"></span> transactions hav<span class=\"_ _43\"></span>e been summaris<span class=\"_ _43\"></span>ed as invest<span class=\"_ _43\"></span>ments in this<span class=\"_ _43\"></span> </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3e ws0 gs1120\">presentation. </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13b ws7dc gs1121\">Fina<span class=\"_ _92\"></span>ncial instruments with credit <span class=\"lsc4 ws2b2\">risk by<span class=\"_ _92\"></span> assigned rating group 2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gs1122\">1</div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws0 gs1123\"> <span class=\"_ _288\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span></div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls1ab ws0 gs1124\">Credit </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls22 ws0 gs1125\">rating </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls5c ws0 gs1126\">group </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs1127\">Equivalent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1128\">Moody\u2019<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gs1129\">rating </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws0 gs112a\">Financial </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws0 gs112b\">instruments </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs112c\">\u2013 closed </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws31c gs112d\">items on </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs112e\">the balance </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs112f\">sheet </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws0 gs1130\">Securities </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws0 gs1131\">Non-current </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs1132\">and current </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs1133\">other </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gs1134\">receivables<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs1135\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls273 wsbba gs1136\">Tr<span class=\"_ _63\"></span>a<span class=\"_ _81\"></span>d<span class=\"_ _63\"></span>e<span class=\"_ _63\"></span>  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws0 gs1137\">receivables </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws0 gs1138\">Derivativ<span class=\"_ _0\"></span>es </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs1139\">in the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs113a\">energy area </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsc8 ws0 gs113b\">Inv<span class=\"_ _92\"></span>estments </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsc8 wsacb gs113c\">as well as </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls106 wsbbb gs113d\">cash and </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1ab ws0 gs113e\">cash </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs113f\">equivalents<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs1140\">3<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws0 gs1141\">A <span class=\"_ _46\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _7\"> </span></span><span class=\"ls0\">247.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>20.9 <span class=\"_ _1e8\"> </span>1,067.3 <span class=\"_ _132\"> </span>2.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs1142\">B <span class=\"_ _93\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _7\"> </span></span>199.2 <span class=\"_ _66\"> </span>7.1 <span class=\"_ _68\"> </span>26.6 <span class=\"_ _6\"> </span>372.4 <span class=\"_ _7\"> </span>432.0 <span class=\"_ _1cd\"> </span>299.2 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws0 gs1143\">C1\u2013C3 <span class=\"_ _68\"> </span><span class=\"ls2d ws33\">up to Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>43.5 <span class=\"_ _7\"> </span>203.3 <span class=\"_ _7\"> </span>889.6 <span class=\"_ _1d1\"> </span>17.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws0 gs1144\">D1\u2013D5 <span class=\"_ _6\"> </span><span class=\"ls1e ws1f\">below Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>20.6 <span class=\"_ _68\"> </span>38.7 <span class=\"_ _132\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs1145\">Not rated <span class=\"_ _93\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>135.7 <span class=\"_ _7\"> </span>726.0 <span class=\"_ _6\"> </span>201.2 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _f3\"> </span>0.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs1146\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _17b\"> </span><span class=\"ls31\">  <span class=\"_ _8\"> </span><span class=\"ls18\">447.2<span class=\"_ _92\"></span> <span class=\"_ _8\"> </span>142.8 <span class=\"_ _8\"> </span>79<span class=\"_ _92\"></span>6.0 <span class=\"_ _8\"> </span>818.4 <span class=\"_ _b\"> </span>2,427.6 <span class=\"_ _6\"> </span>318.6 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs1147\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3e ws3c gs1148\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs1149\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls52 ws54 gs114a\"> incl. rece<span class=\"_ _43\"></span>ivables fro<span class=\"_ _43\"></span>m investees<span class=\"_ _43\"></span> and loans t<span class=\"_ _43\"></span>o invest<span class=\"_ _43\"></span>ees // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs114b\">3</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls274 wsbbc gs114c\"> Non-current and current other </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1b5 ws91d gs114d\">loans and m<span class=\"_ _43\"></span>oney market tr<span class=\"_ _43\"></span>ansactions<span class=\"_ _43\"></span> have been<span class=\"_ _43\"></span> summarised<span class=\"_ _43\"></span> as invest<span class=\"_ _43\"></span>ments in <span class=\"_ _43\"></span>this presentat<span class=\"_ _43\"></span>ion<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs114e\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls76 wsc9\">Securities and loans r<span class=\"_ _92\"></span>elated to closed item<span class=\"_ _92\"></span>s on the balance sheet </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 wsbbd gs114f\">These ar<span class=\"_ _92\"></span>e not exposed to price or foreign exch<span class=\"_ _92\"></span>ange risk from VERBUND\u2019<span class=\"_ _14\"></span>s perspective<span class=\"_ _92\"></span>. <span class=\"_ _84\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb1 wsa0c gs1150\">The inves<span class=\"_ _92\"></span>tments wer<span class=\"_ _92\"></span>e either carried out on the b<span class=\"_ _92\"></span>asis <span class=\"ls33 ws3a2\">of matching curr<span class=\"_ _92\"></span>encies and maturities o<span class=\"_ _92\"></span>r they </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws7ed gs1151\">were adj<span class=\"_ _92\"></span>usted to maturity, in<span class=\"_ _92\"></span>terest rate<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> and curr<span class=\"_ _92\"></span>encies of the correspon<span class=\"_ _92\"></span>ding financial liabilities </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws205 gs1152\">throu<span class=\"_ _92\"></span>gh corresponding deriva<span class=\"_ _92\"></span>tives. The r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mainin<span class=\"_ _92\"></span>g credit risk of the partner in w<span class=\"_ _92\"></span>hich the investments </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws45 gs1153\">were made<span class=\"_ _92\"></span> was minimised by only in<span class=\"_ _92\"></span>vesting with partners with original firs<span class=\"_ _92\"></span>t-class ratings (gro<span class=\"_ _92\"></span>up A)<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> </div>320 \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls67 ws66\">Other securities </span></span>The other securities with<span class=\"_ _92\"></span>out assigned rating<span class=\"_ _92\"></span>s are, in<span class=\"ls96 ws4ea\"> particular<span class=\"_ _14\"></span>, domestic inve<span class=\"ls0 ws3aa\">stment funds (fu<span class=\"_ _92\"></span>nds for </span></span>institutional investors) acquired to cover personnel-related provisions.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7e ws8e\">Trade receivables </span></span>The amounts shown as \u201cnot rated\u201d result on the one hand from the<span class=\"_ _43\"></span> expansion of t<span class=\"_ _43\"></span>he consumer business, which led to a large number of receivables that individually li<span class=\"_ _43\"></span>e below the de minimis threshol<span class=\"_ _92\"></span>d (&lt; \u20ac0.2m). On the other hand, it al<span class=\"_ _92\"></span>so in<span class=\"ls19 ws485\">cludes receivables for wh<span class=\"ls70 wsf3\">ich no credit assessments </span></span>were carried ou<span class=\"_ _92\"></span>t due to special circumstances (<span class=\"_ _14\"></span>e.g. legal oblig<span class=\"_ _92\"></span>ations to accept contr<span class=\"_ _92\"></span>acts). The table belo<span class=\"_ _92\"></span>w contains information r<span class=\"_ _92\"></span>egarding th<span class=\"_ _92\"></span>e de<span class=\"ls74 ws3e3\">fault risk and recognised expected cr<span class=\"_ _92\"></span>edit losses </span>for financial instruments that were <span class=\"ls46 ws26e\">classified as measur<span class=\"_ _92\"></span>ed at amortise<span class=\"lsa3 ws3b5\">d cost, with the exception of tr<span class=\"_ _92\"></span>ade </span></span>receivables and r<span class=\"_ _92\"></span>eceivables from investees, which ar<span class=\"_ _92\"></span>e pr<span class=\"ls46 ws466\">imarily also related to tr<span class=\"_ _92\"></span>ade receivables<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> For all<span class=\"_ _92\"></span> </span>financial in<span class=\"_ _92\"></span>struments, the val<span class=\"_ _92\"></span>uation allowance was r<span class=\"_ _92\"></span>ecognised in the amoun<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> of the twelve-m<span class=\"_ _92\"></span>onth expected credit <span class=\"_ _92\"></span>loss, because ther<span class=\"_ _92\"></span>e is a low risk of default<span class=\"_ _92\"></span>.  Expected credit losses 2022<span class=\"_ _92\"></span> <span class=\"_ _96\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _59\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1ed\"> </span><span class=\"ff2f ls31\">Equiva- </span>lent Moody\u2019<span class=\"_ _92\"></span>s rating Proba- bility of default Loss ratio <span class=\"_ _5d\"> </span><span class=\"ls1ab ws0\">Gross </span>carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net carrying amount A <span class=\"_ _95\"> </span><span class=\"ls24 ws24\">up to Aa3<span class=\"_ _92\"></span> <span class=\"_ _17\"> </span><span class=\"ls5b ws5c\">0.02 % <span class=\"_ _17\"> </span>0.60 % <span class=\"_ _94\"> </span><span class=\"ls0 ws0\">270.8 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1e8\"> </span>270.8 </span></span></span>B <span class=\"_ _42\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _17\"> </span><span class=\"ls5b ws5c\">0.06 % <span class=\"_ _c\"> </span>0.70 % <span class=\"_ _94\"> </span></span></span>155.5 <span class=\"_ _49\"> </span>0.1 <span class=\"_ _37\"> </span>155.6 C1\u2013C3 up to Baa3 0.10 %\u2013 <span class=\"fs8 ls5b ws5c\">0.25 % <span class=\"_ _17\"> </span>0.80 % <span class=\"_ _1cd\"> </span></span><span class=\"fs8\">0.0 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1c\"> </span>0.0 </span>Loans portion of a net investment<span class=\"_ _333\"> </span>1 <span class=\"_ _ba\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _179\"> </span></span>43.6 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _21\"> </span>43.6 No recognition of expected  credit losses<span class=\"_ _333\"> </span>2 <span class=\"_ _2cc\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _1e6\"> </span></span>1,096.1 To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls31\">  <span class=\"_ _132\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _218\"> </span><span class=\"ls18\">1,566.2 </span></span>1 In their econ<span class=\"_ _43\"></span>omic subs<span class=\"_ _43\"></span>tance, n<span class=\"_ _43\"></span>on-current<span class=\"_ _43\"></span> loans repr<span class=\"_ _43\"></span>esent an incr<span class=\"_ _43\"></span>ease in t<span class=\"_ _43\"></span>he net inv<span class=\"_ _43\"></span>estment in A<span class=\"_ _43\"></span>shta Bete<span class=\"_ _43\"></span>iligungsv<span class=\"_ _43\"></span>erwaltung Gm<span class=\"_ _43\"></span>b<span class=\"ls275 wsbbf\">H (see section 4.5 Interests accounte<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>for </span>using the equity method). // 2 Guarantees in energy trading in the amount of \u20ac631.4m<span class=\"_ _92\"></span> are <span class=\"_ _43\"></span>maintained as a special asset pool, whic<span class=\"_ _92\"></span>h <span class=\"_ _43\"></span>is why there is no default<span class=\"ls12b wsabc\"> risk. No expected </span>credit losses<span class=\"_ _43\"></span> are recogn<span class=\"_ _43\"></span>ised for th<span class=\"_ _43\"></span>e other re<span class=\"_ _43\"></span>maining fi<span class=\"_ _43\"></span>nancial inst<span class=\"_ _43\"></span>ruments du<span class=\"_ _43\"></span>e to the low a<span class=\"_ _43\"></span>mount of e<span class=\"_ _43\"></span>xposure t<span class=\"_ _43\"></span>o default r<span class=\"_ _43\"></span>isk, t<span class=\"ls42 ws40\">he short term and/or the bo<span class=\"_ _92\"></span>rrower\u2019s good </span>creditworthiness<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> 321<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Expected credit losses 2021<span class=\"_ _92\"></span> <span class=\"_ _da\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _aa\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls31\">\u20acm </span></span>Equiva- lent Moody\u2019<span class=\"_ _92\"></span>s rating Proba- bility of default Loss ratio Gross carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net carrying amount A <span class=\"_ _95\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _c\"> </span><span class=\"ls5b ws5c\">0.02 % <span class=\"_ _c\"> </span>0.60 % <span class=\"_ _94\"> </span></span></span><span class=\"ls0\">247.9 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1e8\"> </span>248.0 </span>B <span class=\"_ _10b\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _c\"> </span><span class=\"ls5b ws5c\">0.06 % <span class=\"_ _17\"> </span>0.70 % <span class=\"_ _94\"> </span></span></span>155.6 <span class=\"_ _1cd\"> </span>0.1 <span class=\"_ _37\"> </span>155.6 C1\u2013C3 up to Baa3 0.10 %\u2013 <span class=\"fs8 ls5b ws5c\">0.26 % <span class=\"_ _c\"> </span>0.80 % <span class=\"_ _49\"> </span></span><span class=\"fs8\">0.0 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1c\"> </span>0.0 </span>Loans portion of a net investment<span class=\"_ _333\"> </span>1 <span class=\"_ _ba\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _179\"> </span></span>47.1 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _21\"> </span>47.1 No recognition of expected  credit losses<span class=\"_ _333\"> </span>2 <span class=\"_ _2cc\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _1e8\"> </span></span>939.7 To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls31\">  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _218\"> </span><span class=\"ls18\">1,390.4 </span></span>1 In their econ<span class=\"_ _43\"></span>omic subs<span class=\"_ _43\"></span>tance, n<span class=\"_ _43\"></span>on-current<span class=\"_ _43\"></span> loans repr<span class=\"_ _43\"></span>esent an incr<span class=\"_ _43\"></span>ease in t<span class=\"_ _43\"></span>he net inv<span class=\"_ _43\"></span>estment in A<span class=\"_ _43\"></span>shta Bete<span class=\"_ _43\"></span>iligungsv<span class=\"_ _43\"></span>erwaltung Gm<span class=\"_ _43\"></span>b<span class=\"ls275 wsbbf\">H (see section 4.5 Interests accounte<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>for </span>using the equity method). // 2 Guarantees in energy trading in the amount of \u20ac597.2m<span class=\"_ _92\"></span> are <span class=\"_ _43\"></span>maintained as a special asset pool, whic<span class=\"_ _92\"></span>h <span class=\"_ _43\"></span>is why there is no default<span class=\"ls12b wsabc\"> risk. No expected </span>credit losses<span class=\"_ _43\"></span> are recogn<span class=\"_ _43\"></span>ised for th<span class=\"_ _43\"></span>e other re<span class=\"_ _43\"></span>maining fi<span class=\"_ _43\"></span>nancial inst<span class=\"_ _43\"></span>ruments du<span class=\"_ _43\"></span>e to the low a<span class=\"_ _43\"></span>mount of e<span class=\"_ _43\"></span>xposure t<span class=\"_ _43\"></span>o default r<span class=\"_ _43\"></span>isk, t<span class=\"ls42 ws40\">he short term and/or the bo<span class=\"_ _92\"></span>rrower\u2019s good </span>creditworthiness. For<span class=\"_ _92\"></span> trade receivables and r<span class=\"_ _92\"></span>eceivables from in<span class=\"_ _92\"></span>vestees that are p<span class=\"_ _92\"></span>rimarily related to tr<span class=\"_ _92\"></span>ade receivables, th<span class=\"_ _92\"></span>e credit los<span class=\"_ _92\"></span>ses expected over the term ar<span class=\"_ _92\"></span>e measured using a v<span class=\"_ _92\"></span>aluation allowan<span class=\"_ _92\"></span>ce matrix<span class=\"_ _43\"></span>:  Expected credit losses 2022<span class=\"_ _92\"></span> <span class=\"_ _1eb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1b2\"> </span><span class=\"ff2f ls1e wsb20\">Loss ratio <span class=\"_ _157\"> </span><span class=\"ls1ab wsb39\">Gross  </span></span>carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net  carrying amount Not past due <span class=\"_ _178\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _3\"> </span><span class=\"ls0 ws0\">978.6 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _127\"> </span>978.6 </span></span>1\u2013<span class=\"fsa\"> </span><span class=\"ls30 ws2d\">30 days past d<span class=\"_ _92\"></span>ue <span class=\"_ _f8\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">23.9 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>23.9 </span></span></span>31\u2013<span class=\"fsa\"> </span><span class=\"ls5d ws5e\">120 days past due <span class=\"_ _156\"> </span></span>10\u2013<span class=\"fsa\"> </span><span class=\"ls9c ws190\">50 % <span class=\"_ _9c\"> </span></span>21.9 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _de\"> </span>21.6 &gt; 120 days past due <span class=\"_ _186\"> </span><span class=\"ls9c ws190\">90 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">12.0 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _61\"> </span>2.1 </span></span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _e6\"> </span><span class=\"ls31\">  <span class=\"_ _66\"> </span><span class=\"ls18\">1,036.4 <span class=\"_ _51\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>10.1 <span class=\"_ _a5\"> </span>1,026.2 </span></span>Expected credit losses 2021<span class=\"_ _92\"></span> <span class=\"_ _1eb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1b2\"> </span><span class=\"ff2f ls1e wsb20\">Loss ratio <span class=\"_ _157\"> </span><span class=\"ls1ab wsb39\">Gross  </span></span>carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net  carrying amount Not past due <span class=\"_ _178\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _3\"> </span><span class=\"ls0 ws0\">837.7 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _127\"> </span>837.7 </span></span>1\u2013<span class=\"fsa\"> </span><span class=\"ls30 ws2d\">30 days past d<span class=\"_ _92\"></span>ue <span class=\"_ _f8\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">4.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _61\"> </span>4.2 </span></span></span>31\u2013<span class=\"fsa\"> </span><span class=\"ls5d ws5e\">120 days past due <span class=\"_ _156\"> </span></span>10\u2013<span class=\"fsa\"> </span><span class=\"ls9c ws190\">50 % <span class=\"_ _16c\"> </span></span>4.4 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _61\"> </span>4.1 &gt; 120 days past due <span class=\"_ _186\"> </span><span class=\"ls9c ws190\">90 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">35.7 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>5.8 <span class=\"_ _de\"> </span>29.9 </span></span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _e6\"> </span><span class=\"ls31\">  <span class=\"_ _125\"> </span><span class=\"ls18\">882.0 <span class=\"_ _1a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>6.1 <span class=\"_ _3\"> </span>876.0<span class=\"_ _333\"> </span></span></span><span class=\"ls31\"><span class=\"ls18\"> </span></span>VERBUND rega<span class=\"_ _92\"></span>rds fluctuations in inte<span class=\"ls98 ws506\">rest rates as a significant cash<span class=\"_ _43\"></span> flow risk. The portion of<span class=\"_ _43\"></span> financial </span>liabilities (taking inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span> rate s<span class=\"_ _92\"></span>waps into account) for which <span class=\"ls26 wsbc2\">VERBUND was exposed <span class=\"ls97 wsbc3\">to a corr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>sponding </span></span>interest r<span class=\"_ _92\"></span>ate risk was 59.4 <span class=\"_ _80\"></span>% as<span class=\"ls19 ws58c\"> at 31 <span class=\"_ _87\"></span>December 2022 (previous year<span class=\"_ _43\"></span>: 56.0 <span class=\"_ _87\"></span>%). The increase compared </span>with the previ<span class=\"_ _92\"></span>ous year can be attribut<span class=\"_ _92\"></span>ed to a larger amoun<span class=\"_ _92\"></span>t of collateral (m<span class=\"_ _92\"></span>argin payments<span class=\"_ _92\"></span>) in connection wit<span class=\"_ _43\"></span>h electricit<span class=\"_ _43\"></span>y trading activities due to increased electr<span class=\"_ _43\"></span>icity prices that we<span class=\"_ _43\"></span>re fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nced by way of sho<span class=\"_ _92\"></span>r<span class=\"_ _43\"></span>t-term, varia<span class=\"_ _92\"></span>ble-rate money m<span class=\"_ _92\"></span>arket credit lin<span class=\"_ _92\"></span>es.  Interest r<span class=\"_ _92\"></span>ate  risk 322 A 1.0 <span class=\"_ _85\"></span>% incr<span class=\"_ _92\"></span>ea<span class=\"_ _43\"></span>se in the interest <span class=\"ls80 wsbc6\">r<span class=\"_ _92\"></span>ate would result in a decrease of \u20ac20.5m p<span class=\"_ _92\"></span>.a. (previous year<span class=\"_ _43\"></span>: <span class=\"_ _89\"></span> </span>\u20ac16.0m p<span class=\"_ _92\"></span>.a.) in profit before tax<span class=\"_ _92\"></span>es wi<span class=\"ls64 ws10f\">th the loan portfolio in<span class=\"ls7d ws355\"> existence as at the reporting da<span class=\"_ _92\"></span>te, including </span></span>the money m<span class=\"_ _92\"></span>arket trans<span class=\"_ _92\"></span>actions. As a rule<span class=\"_ _92\"></span>, hedging instruments ar<span class=\"_ _92\"></span>e used in an attempt t<span class=\"_ _92\"></span>o reduce the effects of sh<span class=\"_ _43\"></span>ort-term market price<span class=\"_ _43\"></span> fluctuations on profit or l<span class=\"_ _43\"></span>oss. However<span class=\"_ _14\"></span>, prolonged negative market price changes can have a negative impact on performance.  At 31 <span class=\"_ _85\"></span>De<span class=\"_ _43\"></span>cember 2022, there wer<span class=\"_ _92\"></span>e interest ra<span class=\"_ _92\"></span>te <span class=\"ls80 ws8f1\">swaps (notional amount<span class=\"_ _63\"></span>: $281.6m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: </span>$276.7m) related to closed items on the balance sheet. Th<span class=\"ls75 wsec\">e f<span class=\"_ _92\"></span>air value of these de<span class=\"ls64 ws8eb\">rivatives, together with </span></span>the related secur<span class=\"_ _43\"></span>ities, loans and receivables, in each ca<span class=\"_ _43\"></span>se form a micro hedg<span class=\"_ _43\"></span>e that exactly eq<span class=\"_ _43\"></span>uates to the fair value r<span class=\"_ _92\"></span>ecognised for the related fin<span class=\"_ _92\"></span>ancial liability. The changes in fair<span class=\"_ _92\"></span> value of the interest r<span class=\"_ _92\"></span>ate swaps corres<span class=\"_ _92\"></span>pond to the fluctuations in the v<span class=\"_ _92\"></span>alue of the <span class=\"ls19 ws7a9\">hedged financial liabilities measured at fair value </span>induced by changes in<span class=\"ls166 ws9cd\"> interest rates.  </span>At 31 <span class=\"_ _92\"></span>December 2022, there were additional inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span><span class=\"lsbc ws39e\"> rate swaps in a total notion<span class=\"_ _92\"></span>al amount of \u20ac300.4m </span>(previous year: \u20ac56.8m). The significant increase comp<span class=\"_ _92\"></span><span class=\"ls64 ws1d3\">ared with the previous yea<span class=\"ls7a ws188\">r can be attributed to </span></span>business acquisitions by VERBUND in<span class=\"ls46 ws49e\"> Spain. Ther<span class=\"_ _92\"></span>e was a change<span class=\"_ _92\"></span> from variable to fixed inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st rates<span class=\"_ _92\"></span> </span>due to interest rate swaps that were designated as <span class=\"ls279 ws0\">h<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>d<span class=\"_ _14\"></span>g<span class=\"_ _80\"></span>i<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>g<span class=\"_ _14\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span>r<span class=\"_ _80\"></span>u<span class=\"_ _14\"></span>m<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _80\"></span>t<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> a<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> p<span class=\"_ _80\"></span>a<span class=\"_ _14\"></span>r<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span> o<span class=\"_ _80\"></span>f<span class=\"_ _14\"></span> c<span class=\"_ _14\"></span>a<span class=\"_ _14\"></span>s<span class=\"_ _80\"></span>h<span class=\"_ _14\"></span> f<span class=\"_ _14\"></span>l<span class=\"_ _14\"></span>o<span class=\"_ _80\"></span>w<span class=\"_ _14\"></span> h<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>d<span class=\"_ _80\"></span>g<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _14\"></span> </span>accordance with IFRS 9. In addition, interest rate swaps (from variable to fixe<span class=\"_ _43\"></span>d interest) were entered into as part of intra-<span class=\"_ _333\"> </span>Group pr<span class=\"_ _92\"></span>oject financing with a notional value of \u20ac37.<span class=\"ls0 ws4da\">3m (previous year: \u20ac90.8m) for which no hedging </span>relatio<span class=\"_ _92\"></span>nships could be presented fr<span class=\"_ _92\"></span>om a Group perspective (see sec<span class=\"_ _92\"></span>tion <span class=\"_ _85\"></span>5 Finan<span class=\"_ _92\"></span>cial instruments). <span class=\"_ _89\"></span> The a<span class=\"_ _92\"></span>verage re<span class=\"_ _0\"></span>maining term<span class=\"_ _92\"></span> for the entire portfo<span class=\"_ _92\"></span>lio is 5.2 years (previous y<span class=\"_ _92\"></span>ear<span class=\"_ _43\"></span>: 4.7 years). There ar<span class=\"_ _92\"></span>e no assets exposed to significan<span class=\"_ _92\"></span>t foreign exchange risks bec<span class=\"_ _92\"></span>ause deliveries are settled alm<span class=\"_ _92\"></span>ost entirely in euros; the same<span class=\"_ _43\"></span> generally applies to other pr<span class=\"_ _43\"></span>imary financial inst<span class=\"_ _43\"></span>ruments. Since securities and lo<span class=\"_ _92\"></span>ans under closed items on the balance <span class=\"_ _92\"></span>sheet as well as the associated l<span class=\"_ _92\"></span>iabilities are denom<span class=\"_ _92\"></span>inated exclusively in US doll<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>rs, n<span class=\"_ _92\"></span>o foreign exchang<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> risk is incurred. All cross-border leasing tr<span class=\"_ _92\"></span>ansactions entered into<span class=\"ls19\"> in the years 1999 to 2001 <span class=\"_ _92\"></span>were terminated early in </span>prior financial years.  Some of the cr<span class=\"_ _92\"></span>oss-border le<span class=\"_ _92\"></span>as<span class=\"_ _43\"></span>ing trans<span class=\"_ _92\"></span>actions were termina<span class=\"_ _92\"></span>ted early in their entir<span class=\"_ _92\"></span>ety, while some were on<span class=\"_ _92\"></span>ly partially termina<span class=\"_ _92\"></span>ted, whereby t<span class=\"_ _92\"></span>he transacti<span class=\"ls88 ws151\">on<span class=\"_ _92\"></span>s with investors and the associat<span class=\"_ _92\"></span>ed A-loans were </span>repaid while the existing B-loans were continued <span class=\"_ _92\"></span><span class=\"lsa2 ws2b8\">by VERBUND (see section <span class=\"_ _87\"></span>8.<span class=\"ls79 ws16e\">1 Financial liabilities). </span></span>Balance sheet <span class=\"_ _92\"></span>cover remains in<span class=\"_ _92\"></span> place for the continued portions<span class=\"_ _92\"></span>. Expenses and income from the measur<span class=\"_ _92\"></span>ement of these items co<span class=\"_ _92\"></span>rrespond to one ano<span class=\"_ _92\"></span>ther in terms of both value an<span class=\"_ _92\"></span>d value date<span class=\"_ _92\"></span>, and are offset. The r<span class=\"_ _92\"></span>eference value of the inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st rate <span class=\"_ _92\"></span><span class=\"ls71 wsf8\">swaps amounts to $281.6m (previous year:<span class=\"_ _43\"></span> $276.7m).  </span>The financial as<span class=\"_ _92\"></span>sets and liabilities th<span class=\"_ _92\"></span>at relate t<span class=\"_ _92\"></span>o the closed items on the bala<span class=\"_ _92\"></span>nce sheet are no<span class=\"_ _92\"></span>t shown as net amoun<span class=\"_ _92\"></span>ts. In the ev<span class=\"_ _92\"></span>ent of insolvency, the in<span class=\"_ _92\"></span>terest rates s<span class=\"_ _92\"></span>waps (\u20ac31.5m<span class=\"_ _43\"></span>; previous y<span class=\"_ _92\"></span>ear<span class=\"_ _43\"></span>: \u20ac70.3m) can be netted against the financial liab<span class=\"ls7d ws766\">ilities to banks r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cognised at fa<span class=\"ls9c wsbcb\">ir value (\u20ac312.3m; previous year<span class=\"_ _43\"></span>: </span></span>\u20ac330.1m). The net liability fr<span class=\"_ _92\"></span><span class=\"ls78 ws501\">om b<span class=\"_ _43\"></span>oth of these items therefor<span class=\"_ _92\"></span>e amou<span class=\"_ _43\"></span><span class=\"ls87 ws154\">nted to \u20ac280.8m as at 31 <span class=\"_ _14\"></span>D<span class=\"_ _43\"></span>ecember </span></span>2022 (previous year: \u20ac259.8m). For<span class=\"_ _92\"></span> two transactions ended early in<span class=\"_ _92\"></span> which the financial liabilities wer<span class=\"_ _92\"></span>e continued, there r<span class=\"_ _92\"></span>emains the risk that it w<span class=\"_ _43\"></span>ill be necessar<span class=\"_ _43\"></span>y to exchange the inve<span class=\"ls9c wsbcc\">sting financial institutions<span class=\"ls69 wsbcd\"> or pro<span class=\"_ _92\"></span>vide<span class=\"_ _43\"></span> additional </span></span>collater<span class=\"_ _92\"></span>al in the event that th<span class=\"_ _92\"></span>e rating of the in<span class=\"_ _92\"></span>vesting financial institutions or<span class=\"_ _92\"></span> of VERBUND falls below a certain thresho<span class=\"_ _92\"></span>ld. The ratings<span class=\"_ _92\"></span> of contractual parties as well<span class=\"_ _92\"></span> as VERBUND\u2019<span class=\"_ _92\"></span>s rating ex<span class=\"_ _92\"></span>ceeded the contractually agreed thr<span class=\"_ _92\"></span>esholds <span class=\"ls87 ws6ac\">on 31 December 2022. Thus there is curr<span class=\"_ _92\"></span>ently no need for VERBUND to</span><span class=\"ls87 ws6ac\"> </span>Fore<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>g<span class=\"_ _43\"></span>n<span class=\"_ _43\"></span>  exch<span class=\"_ _43\"></span>an<span class=\"_ _43\"></span>ge<span class=\"_ _43\"></span>  risk Risk from <span class=\"_ _92\"></span> cross-bor<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span>er  leasing  transactions 323<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>switch individual contractual partie<span class=\"lsb4 wsbd1\">s or investments. This risk is also reduced not least of all by the </span>existence of guarantors\u2019 liabilities from regional<span class=\"ls70 ws204\"> authorities for <span class=\"_ _92\"></span>sp<span class=\"_ _43\"></span>ecific<span class=\"ls7d ws21e\"> contractual parties.</span></span><span class=\"ls70 ws204\"><span class=\"ls7d ws21e\">  </span></span>11.2<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls101 ws309\">Risk management in the energy area  </span>Within its core<span class=\"_ _92\"></span> business, VERBUND<span class=\"fs0 ls0 ws0\"> <span class=\"_ _63\"></span></span><span class=\"ls33 ws808\">is active in international<span class=\"_ _92\"></span> energy markets <span class=\"_ _92\"></span>and is thus exposed to </span>market<span class=\"_ _92\"></span>, counterparty an<span class=\"_ _92\"></span>d operational risk<span class=\"_ _92\"></span>s that ha<span class=\"_ _92\"></span>ve to be seen alongside corr<span class=\"_ _92\"></span>esponding opportun<span class=\"_ _92\"></span>ities. Dealing with m<span class=\"_ _92\"></span>arket risks is man<span class=\"_ _92\"></span>aged by means of rule book<span class=\"_ _92\"></span>s and the limits established in them<span class=\"_ _92\"></span>. Counterparty risk is a<span class=\"_ _92\"></span>pproached using separa<span class=\"_ _92\"></span>te guidelines both at the Gr<span class=\"_ _92\"></span>oup level as well as at the level of the subsidiaries<span class=\"_ _92\"></span>. There is a p<span class=\"_ _92\"></span>rocess manual<span class=\"_ _92\"></span> for the managemen<span class=\"_ _92\"></span>t of operational risk<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span>The curren<span class=\"_ _92\"></span>t utilisation of the various l<span class=\"_ _92\"></span>imits for market risk (v<span class=\"_ _92\"></span>alue at risk, stre<span class=\"_ _92\"></span>ss limit, stop-loss li<span class=\"_ _92\"></span>mits and exposur<span class=\"_ _92\"></span>e limits) is monitor<span class=\"_ _92\"></span>ed, managed and r<span class=\"_ _92\"></span>eported on a daily basis, <span class=\"_ _92\"></span>as is the risk position of the (d<span class=\"_ _92\"></span>erivative) financial instruments in th<span class=\"_ _92\"></span>e energy area<span class=\"_ _92\"></span>. At 31 <span class=\"_ _88\"></span>December 2022, derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instrume<span class=\"ls64 ws4ce\">nts in the energy area <span class=\"_ _92\"></span><span class=\"ls63 ws410\">(electricity futur<span class=\"_ _92\"></span>es and </span></span>electricity forwards as well as g<span class=\"_ _92\"></span>as futures and gas forwards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span>2 futures and CO<span class=\"_ _333\"> </span>2 forwards) comprised the following: Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>2 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">580.8 <span class=\"_ _132\"> </span>1,618.4 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,037.6 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">426.6 <span class=\"_ _3\"> </span>701.1 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>274.5 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,012.1 <span class=\"_ _66\"> </span>2,491.9<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,479.8<span class=\"_ _92\"></span> </span>of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">948.1 <span class=\"_ _132\"> </span>1,879.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>931.5 </span>of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">64.0 <span class=\"_ _3\"> </span>612.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>548.3 </span>of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _114\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18c\"> </span>  <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,479.8 </span></span>Wh<span class=\"_ _92\"></span>olesale as at 31/12/2022 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,650.3 <span class=\"_ _3\"> </span>542.0 <span class=\"_ _aa\"> </span>1,108.3 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,994.7 <span class=\"_ _132\"> </span>2,875.3 <span class=\"_ _127\"> </span>119.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,645.0 <span class=\"_ _66\"> </span>3,417.3<span class=\"_ _92\"></span> <span class=\"_ _132\"> </span>1,227.6 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,798.3 <span class=\"_ _132\"> </span>2,410.0 <span class=\"_ _aa\"> </span>1,388.3 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">846.7 <span class=\"_ _132\"> </span>1,007.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>160.7 </span>Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">900.7 <span class=\"_ _132\"> </span>1,980.4 <span class=\"_ _1d1\"> </span>\u2013<span class=\"fsa\"> </span>1,079.7 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _224\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _16a\"> </span><span class=\"ls18\">147.9<span class=\"_ _333\"> </span></span></span><span class=\"ls31\"><span class=\"ls18\"> </span></span>324 T<span class=\"_ _14\"></span>rading as at 31/12/2022<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  fair values Negative  fair values Net Futures <span class=\"_ _d1\"> </span><span class=\"ls0\">85.7 <span class=\"_ _9c\"> </span>88.5 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>2.8 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">1,354.6 <span class=\"_ _132\"> </span>1,353.2 <span class=\"_ _46\"> </span>1.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,440.3 <span class=\"_ _66\"> </span>1,441.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1.4 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,091.0 <span class=\"_ _132\"> </span>1,094.7 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>3.7 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">349.3 <span class=\"_ _3\"> </span>347.0 <span class=\"_ _46\"> </span>2.3 </span>T<span class=\"_ _14\"></span>otal as at 31/12/2022 <span class=\"_ _2ea\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">2,316.8 <span class=\"_ _132\"> </span>2,248.9 <span class=\"_ _de\"> </span>67.8 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,775.9 <span class=\"_ _132\"> </span>4,929.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>153.7 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">7,097.3 <span class=\"_ _66\"> </span>7,351.0<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span>Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _61\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,307.2 <span class=\"_ _66\"> </span>2,<span class=\"_ _92\"></span>560.8 <span class=\"_ _5b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span>EEX/ECX clearing variation margins of futures <span class=\"_ _111\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>112.2 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>112.2 </span>Recognised in either receivables from  derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span>derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,195.0 <span class=\"_ _66\"> </span>2,560.8<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>365.<span class=\"_ _92\"></span>8 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,825.3 <span class=\"_ _132\"> </span>1,491.6 <span class=\"_ _127\"> </span>333.7 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">369.7 <span class=\"_ _132\"> </span>1,069.2 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>699.5<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>325<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>At 31 December 2021, deriva<span class=\"_ _92\"></span>tive financial instr<span class=\"_ _43\"></span>uments <span class=\"ls46 ws98b\">in the energy area (<span class=\"_ _92\"></span>electricity futures as well as </span>electricity forwards and option<span class=\"_ _92\"></span>s, gas futures an<span class=\"_ _92\"></span>d gas for<span class=\"_ _43\"></span>wards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span>2 futures a<span class=\"_ _43\"></span>nd CO<span class=\"_ _333\"> </span>2 forwards) comprised the following:  Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>1 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">267.6 <span class=\"_ _132\"> </span>1,334.8 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,067.2 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">229.1 <span class=\"_ _3\"> </span>973.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>744.5 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">504.1 <span class=\"_ _66\"> </span>2,425.8 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,921.<span class=\"_ _92\"></span>8 </span>of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">450.9 <span class=\"_ _132\"> </span>2,243.2 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,792.3 </span>of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">53.2 <span class=\"_ _3\"> </span>182.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>129.5 </span>of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _5c\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,921.8 </span></span>Wh<span class=\"_ _92\"></span>olesale as at 31/12/2021 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,489.9 <span class=\"_ _3\"> </span>595.6 <span class=\"_ _127\"> </span>894.3 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,435.8 <span class=\"_ _132\"> </span>3,209.9 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>774.1 </span>Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls31 ws0\">3,933.1<span class=\"_ _43\"></span> <span class=\"_ _66\"> </span><span class=\"ls18\">3,805.5 <span class=\"_ _3\"> </span>127.6 </span></span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,464.1 <span class=\"_ _132\"> </span>3,174.3 <span class=\"_ _127\"> </span>289.8 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">469.0 <span class=\"_ _3\"> </span>631.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>162.3 </span>Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">914.8 <span class=\"_ _132\"> </span>1,093.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>178.8 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2cf\"> </span><span class=\"ls18\">0.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _53\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">51.3 </span></span></span>T<span class=\"_ _14\"></span>rading as at 31/12/2021<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">222.7 <span class=\"_ _3\"> </span>207.6 <span class=\"_ _de\"> </span>15.1 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,019.8 <span class=\"_ _132\"> </span>4,037.1 <span class=\"_ _3\"> </span>\u2013<span class=\"fsa\"> </span>17.3 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,242.5 <span class=\"_ _66\"> </span>4,244.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>2.2 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,824.0 <span class=\"_ _132\"> </span>3,824.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.6 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">418.5 <span class=\"_ _3\"> </span>420.1 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>1.6<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>326 T<span class=\"_ _14\"></span>otal as at 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _2eb\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  fair values Negative  fair values Net Futures 1,980.2 <span class=\"_ _132\"> </span>2,138.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>157.8 Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">6,684.8 <span class=\"_ _132\"> </span>8,220.7 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,535.9 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span>Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">8,679.6 <span class=\"_ _fd\"> </span>10,476.1 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.<span class=\"_ _92\"></span>4 </span>Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _61\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _4b\"> </span>4,224.0 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.4 </span>EEX/ECX clearing variation margins of futures <span class=\"_ _1e4\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>181.8 <span class=\"_ _5f\"> </span>181.8 </span>Recognised in either receivables from  derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span>derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _66\"> </span>4,042.2<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,614.6 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,972.7 <span class=\"_ _132\"> </span>3,307.5 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,334.8 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">454.9 <span class=\"_ _3\"> </span>734.8 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>279.8 </span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8.<span class=\"_ _333\"> </span>Derivative fin<span class=\"_ _92\"></span>ancial instruments in the energy ar<span class=\"_ _92\"></span>ea <span class=\"ls75 ws40b\">with positive fair values <span class=\"_ _92\"></span>are recognised under<span class=\"_ _92\"></span> </span>receiva<span class=\"_ _92\"></span>bles from derivative finan<span class=\"_ _92\"></span>cial instruments, while those with neg<span class=\"_ _92\"></span>ative fair values are r<span class=\"_ _92\"></span>ecognised under liabilities from derivativ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> fi<span class=\"ls6f ws14b\">nancial ins<span class=\"_ _92\"></span>truments. If a fr<span class=\"_ _92\"></span>amework agree<span class=\"_ _92\"></span>ment with a netting cl<span class=\"_ _92\"></span>ause </span>has been en<span class=\"_ _92\"></span>tered into with a coun<span class=\"_ _92\"></span>terparty, the positive and n<span class=\"_ _92\"></span>egative fair values of th<span class=\"_ _92\"></span>e transactions for this counterpar<span class=\"_ _92\"></span>ty are netted for accoun<span class=\"_ _92\"></span>ting purposes because the aim is to settl<span class=\"_ _92\"></span>e on a net basis. The effects of po<span class=\"_ _92\"></span>tential price fluctuations on the <span class=\"_ _92\"></span>electricity market (\u2013 <span class=\"fs2 ls70 wsbd7\">10.0 <span class=\"_ _89\"></span>% to +<span class=\"fs9 ls0 ws0\"> </span><span class=\"ls67 ws66\">10.0 %) <span class=\"_ _21c\"> </span>were </span></span>measured b<span class=\"_ _92\"></span>y means of a sensitivity analysis<span class=\"_ _43\"></span>: Sensitivity: mark<span class=\"_ _92\"></span>et price fluctuation <span class=\"_ _92\"></span>of +<span class=\"fsa ls0 ws0\"> </span><span class=\"ls16f ws8b8\">10 % <span class=\"_ _32\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Effect on operating <span class=\"ls32 ws2e\">result (wholesale an<span class=\"ls1e ws63\">d trading portfolio) <span class=\"_ _2e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>40.6 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">61.9 </span></span></span></span></span>Effect on equity (revaluation r<span class=\"_ _92\"></span>eserve from cash flow hedges) <span class=\"_ _1ae\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>294.3 <span class=\"_ _5b\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">346.6 </span></span></span>Sensitivity: mark<span class=\"_ _92\"></span>et price fluctuation <span class=\"_ _92\"></span>of \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls16f ws8b8\">10 % <span class=\"_ _265\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Effect on operating <span class=\"ls32 ws2e\">result (wholesale an<span class=\"ls1e ws63\">d trading portfolio) <span class=\"_ _257\"> </span><span class=\"fc4 ls0 ws0\">40.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">61.9 </span></span></span></span>Effect on equity (revaluation r<span class=\"_ _92\"></span>eserve from cash flow hedges) <span class=\"_ _1ac\"> </span><span class=\"fc4 ls0 ws0\">294.3 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">346.6 </span></span>The future s<span class=\"_ _92\"></span>ales and procuremen<span class=\"_ _92\"></span>t transactions hedged b<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> cash flow<span class=\"_ _92\"></span> hedges will occur over the nex<span class=\"_ _92\"></span>t ten years (2023 to 2032) and be reco<span class=\"ls70 wsa47\">gnised in profit or loss acco<span class=\"ls64 ws8c3\">rdingly. See section <span class=\"_ _89\"></span>5 Financial </span></span>instruments for further<span class=\"_ _92\"></span> details regar<span class=\"_ _92\"></span>ding the electricity futur<span class=\"_ _92\"></span>es and for<span class=\"_ _43\"></span>wards design<span class=\"_ _92\"></span>ated as cash flow<span class=\"_ _92\"></span> hedges.<span class=\"_ _92\"></span> <div class=\"t m0 h4 ff2a fs0 fc0 sc0 lsae ws0 gs222\">327<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1b7 ws0 gs1293\">12.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span><span class=\"ff2a wsbd9\">Capital management </span></span></div><div class=\"t m0 h25 ff28 fs2 fc0 sc0 ls33 ws102 gs1294\">The objectives o<span class=\"_ _92\"></span>f VERBUND\u2019<span class=\"_ _92\"></span>s capital m<span class=\"_ _92\"></span>anagement include:<span class=\"ff2a fs10 ls0 ws0\"> </span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs1295\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls26 ws340\">safeguardin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> liquidity and ensuring s<span class=\"_ _92\"></span>uitable liquidity reserves<span class=\"_ _43\"></span>; </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs1296\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">optimising the <span class=\"_ _92\"></span>capital structure; and </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs1297\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls1b ws2c4\">securing a solid<span class=\"_ _43\"></span>, long-term credit rating. </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws2f1 gs1298\">As part of its ca<span class=\"_ _92\"></span>pital management, t<span class=\"_ _92\"></span>he Executive Board reg<span class=\"_ _92\"></span>ularly monitors the follo<span class=\"_ _92\"></span>wing key </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws2ec gs1299\">performance indic<span class=\"_ _92\"></span>ators<span class=\"_ _43\"></span>: net debt/EBITDA, free cash fl<span class=\"_ _92\"></span>ow (after dividends) and the R<span class=\"_ _92\"></span>O<span class=\"_ _43\"></span>CE of the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws9fe gs129a\">unregula<span class=\"_ _92\"></span>ted business activities. The Gr<span class=\"_ _92\"></span>oup strives for a net debt/EB<span class=\"_ _92\"></span>I<span class=\"_ _43\"></span>TDA rati<span class=\"_ _92\"></span>o of &lt; 3.0, a free cash flo<span class=\"_ _92\"></span>w </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws57c gs129b\">(after dividends) of &gt; \u20ac0.0m and a R<span class=\"_ _92\"></span>O<span class=\"_ _43\"></span>CE of the unregula<span class=\"_ _92\"></span>ted business activities of &gt; 9.0 <span class=\"_ _80\"></span>% in or<span class=\"_ _92\"></span>der to </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gs129c\">support the ra<span class=\"_ _92\"></span>ting. These target<span class=\"_ _92\"></span>s are based on the existing as<span class=\"_ _92\"></span>set and value chain structur<span class=\"_ _92\"></span>e. </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls86 ws253 gs129d\">Net debt/EBIT<span class=\"_ _92\"></span>DA <span class=\"_ _1c7\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs129e\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls23 ws23 gs129f\">Net debt <span class=\"_ _23e\"> </span><span class=\"fc4 ls0 ws0\">3,510.8 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">3,898.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs12a0\">EBITDA <span class=\"_ _204\"> </span><span class=\"fc4 ls0\">1,579.0 <span class=\"_ _132\"> </span></span><span class=\"ff2f ls18\">3,160.7 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs12a1\">Net debt/EBITDA <span class=\"_ _2ed\"> </span><span class=\"fc4 ls18 ws0\">2.2 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.2 </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsaf ws262 gs12a2\">Fr<span class=\"_ _92\"></span>ee cashflow after dividends <span class=\"_ _27c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs12a3\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs12a4\">Cash flow from operating <span class=\"_ _92\"></span>activities <span class=\"_ _291\"> </span><span class=\"fc4 ls0 ws0\">98.2 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">2,019.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs12a5\">Cash flow from inv<span class=\"_ _92\"></span>esting activities excluding cash inf<span class=\"_ _92\"></span>lows and outflows from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs12a6\">investments and<span class=\"_ _92\"></span>/or disposals in investments <span class=\"_ _293\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,108.3 <span class=\"_ _68\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,567.8 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls48 ws1e gs12a7\">Free cash flow before dividends <span class=\"_ _139\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,<span class=\"_ _92\"></span>010.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">452.1 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws0 gs12a8\">Dividend <span class=\"_ _2c5\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>319.3 <span class=\"_ _5b\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">477.8 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs12a9\">Free cashflow after dividends <span class=\"_ _215\"> </span><span class=\"fc4 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,<span class=\"_ _92\"></span>329.5 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">25.7<span class=\"_ _92\"></span> </span></span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls86 ws13a gs12aa\">Return on capital emplo<span class=\"_ _92\"></span>yed (ROCE) of non-r<span class=\"_ _92\"></span>egulated business segments<span class=\"_ _92\"></span> <span class=\"_ _20b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs12ab\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs12ac\">NOP<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T <span class=\"_ _28d\"> </span><span class=\"fc4\">870.0 <span class=\"_ _132\"> </span></span><span class=\"ff2f ls18\">1,891.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs12ad\">Av<span class=\"_ _92\"></span>erage capital employ<span class=\"_ _92\"></span>ed <span class=\"_ _e9\"> </span><span class=\"fc4 ls0 ws0\">7,624.1 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">8,930.5 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs12ae\">Return on capital employed (ROCE) <span class=\"ls62 ws90e\">of non-regulated business segments <span class=\"_ _9c\"> </span><span class=\"fc4 ls18 ws6d6\">11.4 % <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">21.2 % </span></span></span></div>328 13.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"lsef\">Other </span>13.1<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls1b7 ws92a\">Other obligations and/or <span class=\"ls172 wsa7e\">entitlements and risks<span class=\"_ _333\"> </span></span></span><span class=\"ls1b7 ws92a\"><span class=\"ls172 wsa7e\"> </span></span>Contingen<span class=\"_ _92\"></span>t liabilities not recogn<span class=\"_ _92\"></span>ised in VERBUND\u2019<span class=\"_ _14\"></span>s balance sheet are as<span class=\"_ _92\"></span>sessed quarterly with respect to<span class=\"_ _92\"></span> their prob<span class=\"_ _92\"></span>ability of occurrence<span class=\"_ _92\"></span>. The assessmen<span class=\"_ _92\"></span>t is carried out by the m<span class=\"_ _92\"></span>anagers r<span class=\"_ _0\"></span>esponsible<span class=\"_ _92\"></span>, taking account of m<span class=\"_ _92\"></span>arket-related inp<span class=\"_ _92\"></span>uts (to the extent pos<span class=\"_ _92\"></span>sible) and expert opinions (in individual cases).<span class=\"_ _333\"> </span>Pending court p<span class=\"_ _92\"></span>roceedings relat<span class=\"_ _92\"></span>e mainly to the following m<span class=\"_ _92\"></span>atters<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ws3fd\">Flooding of the Drau River in 2012: Claims for da<span class=\"ls7a ws75a\">mages under civil la<span class=\"_ _92\"></span>w amount to \u20ac108.7m (previous </span></span></span>year<span class=\"_ _43\"></span>: \u20ac109.3m). VERBUND is contesti<span class=\"ls63 ws551\">ng both the amounts and merits of these claims<span class=\"_ _92\"></span>. No disclosures </span>hav<span class=\"_ _92\"></span>e been provided in r<span class=\"_ _92\"></span>espect of any contingen<span class=\"_ _92\"></span>t liab<span class=\"ls79 ws200\">ilities or provisions th<span class=\"_ _92\"></span>at may arise in relation to </span>these claims for dam<span class=\"_ _92\"></span>ages because it is likely<span class=\"_ _92\"></span> that such note disclo<span class=\"_ _92\"></span>sures would seriously pr<span class=\"_ _92\"></span>ejudice VERBUND\u2019<span class=\"_ _14\"></span>s position in the pr<span class=\"_ _92\"></span>oceedings. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls63 ws811\">Arbitration pr<span class=\"_ _92\"></span>oceedings GC<span class=\"_ _43\"></span>A: In J<span class=\"_ _92\"></span>anuar<span class=\"_ _43\"></span>y 2020, GCA was informed of the initiation of arbitration<span class=\"_ _92\"></span> </span></span>proceedings b<span class=\"_ _92\"></span>y a transportation cus<span class=\"_ _92\"></span>tomer under Article 4 of th<span class=\"_ _92\"></span>e Internation<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l Chamber of Com<span class=\"_ _92\"></span>merce (ICC) Rules of Arbitr<span class=\"_ _92\"></span>ation. The subject of the pr<span class=\"_ _92\"></span>oceedings is contracts for the pr<span class=\"_ _92\"></span>ovision of capacities for the transportation of natur<span class=\"_ _0\"></span>al gas. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e amount <span class=\"ls19 ws9c3\">in dispute is appro<span class=\"_ _92\"></span>x<span class=\"_ _43\"></span>imately \u20ac194.0m (previous year: </span>approximately \u20ac194.0m). <span class=\"_ _92\"></span>No disclosure<span class=\"ls80 ws4f8\">s have <span class=\"_ _92\"></span>been provided in respect <span class=\"ls79\">of any contingent liabilities or </span></span>pro<span class=\"_ _92\"></span>visions that ma<span class=\"_ _92\"></span>y arise in relation to these c<span class=\"_ _92\"></span>laims for damages because i<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> is likely <span class=\"_ _92\"></span>that such note disclosures wou<span class=\"_ _92\"></span>ld seriously prejudice <span class=\"ls67 ws66\">GCA<span class=\"_ _14\"></span>\u2019<span class=\"_ _14\"></span>s position in these pr<span class=\"_ _92\"></span>oceedings.  </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls95 ws876\">Amortisation of goodwill fo<span class=\"_ _92\"></span>r the equity interest in VERB<span class=\"_ _92\"></span>UND Innkraftwerke <span class=\"_ _92\"></span>GmbH claimed for tax </span></span>purposes for the years 2014\u2013 <span class=\"fs2 ls79 ws127\">2023: the appeal against the <span class=\"_ _92\"></span>notice of assessment remains pending. <span class=\"_ _88\"></span> </span>The tax benefit for these y<span class=\"_ _92\"></span>ears (reduction of tax paymen<span class=\"_ _92\"></span>ts in the amount of<span class=\"_ _92\"></span> \u20ac7.9m per year) is recognised in accordance with <span class=\"ls87 wsbdb\">VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s accounting policies <span class=\"ls63 ws208\">if it is reas<span class=\"ls28 ws2ae\">onably likely.<span class=\"_ _333\"> </span></span></span></span><span class=\"ls87 wsbdb\"><span class=\"ls63 ws208\"><span class=\"ls28 ws2ae\"> </span></span></span>Purchase co<span class=\"_ _92\"></span>mmitments for p<span class=\"_ _92\"></span>roperty<span class=\"_ _92\"></span>, plant and equipmen<span class=\"_ _92\"></span>t and intangible assets<span class=\"_ _92\"></span> as well as othe<span class=\"_ _92\"></span>r commitments  \u20acm   <span class=\"_ _26c\"> </span><span class=\"ff2f ls33 ws91c\">1 year or less <span class=\"_ _16d\"> </span><span class=\"ls1b4 wsb82\">\u203a 1 to 5 years <span class=\"_ _119\"> </span><span class=\"ls268 wsb6a\">\u203a 5 year<span class=\"_ _92\"></span>s </span></span></span>T<span class=\"_ _14\"></span>otal commitment <span class=\"_ _107\"> </span><span class=\"ls18 ws0\">1,602.1 <span class=\"_ _157\"> </span>280.9 <span class=\"_ _47\"> </span>2.6 </span>In addition, ther<span class=\"_ _92\"></span>e are further<span class=\"_ _92\"></span> customary purchase <span class=\"ls75 ws3d7\">con<span class=\"_ _92\"></span>tracts for business activities th<span class=\"_ _92\"></span>at primarily </span>include electricity supply a<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>reem<span class=\"_ _92\"></span>ents. Pro<span class=\"_ _92\"></span>vincial <span class=\"ls9a ws1bc\">energy com<span class=\"_ _92\"></span>panies have acquir<span class=\"_ _92\"></span>ed (proportiona<span class=\"_ _92\"></span>te) </span>electricity purc<span class=\"_ _92\"></span>hase rights by pr<span class=\"_ _92\"></span>oviding contributi<span class=\"lsab ws412\">ons to building costs for power plants<span class=\"_ _92\"></span>. VERBUND is </span>there<span class=\"_ _92\"></span>by obligat<span class=\"_ _92\"></span>ed to deliver a portion of the electricity gen<span class=\"_ _92\"></span>erated in these po<span class=\"_ _92\"></span>wer plants to the pr<span class=\"_ _92\"></span>ovincial energy compa<span class=\"_ _92\"></span>nies in exchange for r<span class=\"_ _92\"></span>eimbursement o<span class=\"_ _92\"></span>f contractually s<span class=\"_ _92\"></span>tipulated recognised expen<span class=\"_ _92\"></span>ses (excluding depreciation, amortisation and interest).  Contingent<span class=\"_ _92\"></span>  liabilities<span class=\"_ _333\"> </span> Court pro<span class=\"_ _92\"></span>ceedings pending Contracts and purchase commitments  329<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>13.2<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls1d3 ws9f5\">Other disclosures<span class=\"_ _333\"> </span></span><span class=\"ls1d3 ws9f5\"> </span>Av<span class=\"_ _92\"></span>erage number of employees <span class=\"_ _2ee\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _df\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _92\"></span> <span class=\"_ _4a\"> </span><span class=\"ff2f ls0\">Change </span></span></span>Salaried employ<span class=\"_ _92\"></span>ees <span class=\"_ _2c7\"> </span><span class=\"fc4 ls0 ws0\">3,018 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls31\">3,342 <span class=\"_ _130\"> </span></span><span class=\"fc0\">324 </span></span>Apprentices <span class=\"_ _c2\"> </span><span class=\"fc4 ls0\">166 <span class=\"_ _55\"> </span></span><span class=\"ff2f ls17\">174 <span class=\"_ _65\"> </span></span><span class=\"ls0\">8 </span>Av<span class=\"_ _92\"></span>erage number <span class=\"_ _43\"></span>of employees<span class=\"_ _333\"> </span>1 <span class=\"_ _3e\"> </span><span class=\"fc4 ls18\">3,<span class=\"_ _92\"></span>184 <span class=\"_ _50\"> </span><span class=\"ff2c fc0\">3,516 <span class=\"_ _54\"> </span><span class=\"ff2f ls31\">332 </span></span></span>1 Part-time empl<span class=\"_ _43\"></span>oyees were taken<span class=\"_ _43\"></span> into account<span class=\"_ _43\"></span> proportionately bas<span class=\"_ _43\"></span>ed on their<span class=\"_ _43\"></span> working hours<span class=\"_ _43\"></span>. As at the r<span class=\"_ _92\"></span>eporting date, ei<span class=\"_ _92\"></span>ght (previous y<span class=\"_ _92\"></span>ear<span class=\"_ _43\"></span>:<span class=\"_ _43\"></span> nine) empl<span class=\"_ _92\"></span>oyees had a letter of<span class=\"_ _92\"></span> loyalty gran<span class=\"_ _92\"></span>ting them a higher degr<span class=\"_ _92\"></span>ee of employment p<span class=\"_ _92\"></span>rotection. The pr<span class=\"_ _92\"></span>erequisite was at le<span class=\"_ _92\"></span>ast 20 <span class=\"_ _92\"></span>years of service at VERBUND and a minimum age of 45.  In the 2022 r<span class=\"_ _92\"></span>eporting period ther<span class=\"ls80 wsbdc\">e was a total a<span class=\"_ _92\"></span>verage of 12 secondments (previous year: 11) to </span>unconsolidated su<span class=\"_ _92\"></span>bsidiaries of<span class=\"_ _43\"></span> VERBUND<span class=\"_ _92\"></span>. In addition, an avera<span class=\"_ _92\"></span>ge of one employee was secon<span class=\"_ _92\"></span>ded to P\u00d6YRY<span class=\"_ _92\"></span> Energy GmbH (previou<span class=\"_ _92\"></span>s year<span class=\"_ _43\"></span>: one).  The expenses f<span class=\"_ _92\"></span>or ser<span class=\"_ _43\"></span>vices provided b<span class=\"_ _92\"></span>y the Group audito<span class=\"_ _92\"></span>r refer to VERBUND\u2019<span class=\"_ _14\"></span>s subsidiaries that ar<span class=\"_ _92\"></span>e audited by the Group auditor/the Group auditor\u2019<span class=\"_ _14\"></span>s <span class=\"ls78 ws184\">network. VERBUND\u2019<span class=\"_ _14\"></span>s Gro<span class=\"_ _92\"></span>up auditor in both 2022 and </span>2021 was Deloitte Audit Wirtschaftspr\u00fcfungs <span class=\"_ _92\"></span>GmbH.  Expenses for services pr<span class=\"_ _92\"></span>ovided by the Group auditor <span class=\"_ _2ef\"> </span><span class=\"ff2a fs7 ls20 ws0\">\u20ack </span>  <span class=\"_ _2f0\"> </span><span class=\"fc4 ls1d\">Deloitte<span class=\"_ _333\"> </span></span>1 <span class=\"_ _23\"> </span><span class=\"ff2c fc0 ls25\">Deloitte</span>1  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _45\"> </span><span class=\"fc0\">2022 </span></span>Audit services relating to consolida<span class=\"_ _92\"></span>ted and separate fina<span class=\"_ _92\"></span>ncial statements <span class=\"_ _1c8\"> </span><span class=\"fc4 ls0 ws0\">413.4 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">580.4 </span></span>Other assurance services <span class=\"_ _f9\"> </span><span class=\"fc4 ls0 ws0\">285.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">207.8 </span></span>Other advisory services <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">44.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">30.6 </span></span>T<span class=\"_ _14\"></span>otal expenses <span class=\"_ _284\"> </span><span class=\"fc4 ls31 ws0\">743.3 <span class=\"_ _157\"> </span><span class=\"ff2c fc0 ls18\">818.7 </span></span>1 Deloitte Audit Wirtschaftspr\u00fcfungs GmbH Additional fees wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> incurred th<span class=\"ls82\">r<span class=\"_ _92\"></span>ough the Deloitte network in the <span class=\"ls0 ws5d2\">amount of \u20ac370.3k (previo<span class=\"_ _92\"></span>us year<span class=\"_ _43\"></span>: </span></span>\u20ac185.6k) for audit services relating to the cons<span class=\"ls19 ws20e\">olidated and separate financial statements<span class=\"_ _92\"></span>. </span>The followin<span class=\"_ _92\"></span>g <span class=\"_ _43\"></span>expenses for services by the Gr<span class=\"_ _92\"></span>oup auditor (via the Gro<span class=\"_ _92\"></span>up auditor\u2019<span class=\"_ _14\"></span>s <span class=\"_ _43\"></span>network) wer<span class=\"_ _92\"></span>e incurred by VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s joint ventures: \u20ac22.6k (previou<span class=\"ls71 ws134\">s year: \u20ac27.2k) for audit ser<span class=\"_ _43\"></span>vices relating to the </span>consolidated and separa<span class=\"_ _92\"></span>te financial statements (<span class=\"_ _92\"></span>of which to Deloit<span class=\"_ _92\"></span>te Audit Wirtschaftspr\u00fcfungs Gm<span class=\"_ _92\"></span>bH: \u20ac22.6k<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac27.2k).  A<span class=\"_ _92\"></span>verage n<span class=\"_ _43\"></span>umber of employ<span class=\"_ _92\"></span>ees<span class=\"_ _333\"> </span> Provision of personnel<span class=\"_ _92\"></span> Expenses for services  pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>ided by the Group auditor <span class=\"_ _92\"></span> 330 13.3<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"lsc6 wsbde\">T<span class=\"_ _80\"></span>ransactions with related parties</span><span class=\"lsc6 wsbde\"> </span>Related parties of VERBUND include: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">all subsidiaries<span class=\"_ _92\"></span>, associates and joint ventur<span class=\"_ _92\"></span>es<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls74 ws806\">the members o<span class=\"_ _92\"></span>f VERBUND\u2019<span class=\"_ _14\"></span>s Executive Board<span class=\"_ _92\"></span> and Su<span class=\"ls1b wsbdf\">per<span class=\"_ _43\"></span>visory<span class=\"_ _43\"></span> Board as well as companies controlled </span></span></span>or significan<span class=\"_ _92\"></span>tly influenced by them or their clo<span class=\"_ _92\"></span>se family members; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">the Republic of A<span class=\"_ _92\"></span>ustria due to its position as the m<span class=\"_ _92\"></span>ajority sharehol<span class=\"_ _92\"></span>der<span class=\"_ _63\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls26 ws340\">companies con<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>rolled or sign<span class=\"_ _92\"></span>ificantly influenced by the R<span class=\"_ _92\"></span>epublic of Austria.  </span></span>Transactio<span class=\"_ _92\"></span>ns between related parties ar<span class=\"_ _92\"></span>e carried out <span class=\"ls76 ws1d1\">at arm<span class=\"_ _14\"></span>\u2019<span class=\"_ _92\"></span>s length<span class=\"_ _92\"></span>. Transactions with subsidiaries<span class=\"_ _92\"></span>, </span>joint vent<span class=\"_ _92\"></span>ures or associates not included in the basis <span class=\"ls77 ws8e7\">of consolidation due to a lack of material<span class=\"_ _43\"></span>ity are not </span>presen<span class=\"_ _92\"></span>ted owing to their immateriality. <span class=\"_ _92\"></span> Ma<span class=\"_ _92\"></span>terial transactions with joint ven<span class=\"_ _92\"></span>tures accoun<span class=\"_ _92\"></span>ted for using the equity meth<span class=\"_ _92\"></span>od had the following effect on VERBUND\u2019<span class=\"_ _14\"></span>s income stat<span class=\"_ _92\"></span>ement and balance sheet<span class=\"_ _43\"></span>:  T<span class=\"_ _14\"></span>ransactions with join<span class=\"_ _43\"></span>t ventures <span class=\"_ _5e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Income statement <span class=\"_ _2d9\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _97\"> </span><span class=\"ff2c fc0\">  </span></span>Electricity revenue <span class=\"_ _2f1\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Other revenue <span class=\"_ _2f2\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.4 </span></span>Other operating income <span class=\"_ _153\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Expenses for electricity<span class=\"_ _14\"></span>, grid, <span class=\"ls46 ws45\">gas and cer<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ificates purchases <span class=\"_ _be\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.8 </span></span></span></span>Fuel expens<span class=\"_ _92\"></span>es and other usage-/rev<span class=\"_ _92\"></span>enue-dependent expens<span class=\"_ _92\"></span>es <span class=\"_ _11e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.9 </span></span></span>Other operating ex<span class=\"_ _92\"></span>penses <span class=\"_ _229\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.7 </span></span></span>Interest income <span class=\"_ _2f3\"> </span><span class=\"fc4 ls0 ws0\">1.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.0 </span></span>Other financial result <span class=\"_ _237\"> </span><span class=\"fc4 ls0 ws0\">1.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>T<span class=\"_ _14\"></span>ransactions with join<span class=\"_ _43\"></span>t ventures <span class=\"_ _5e\"> </span><span class=\"ff2f fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ff2a ls31\">\u20acm </span></span>  <span class=\"_ _295\"> </span><span class=\"ff2f fc4 ls159\">31/12<span class=\"_ _43\"></span>/2021 <span class=\"_ _182\"> </span></span><span class=\"ff2c ls1eb\">31/12/2<span class=\"_ _43\"></span>022 </span>Balance sheet <span class=\"_ _2f4\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _96\"> </span><span class=\"ff2c fc0\">  </span></span>Investments and <span class=\"_ _92\"></span>non-curre<span class=\"ls26 ws26\">nt other receivables <span class=\"_ _2f5\"> </span><span class=\"fc4 ls0 ws0\">5.7 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">40.1 </span></span></span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her receivables and securiti<span class=\"_ _92\"></span>es <span class=\"_ _294\"> </span><span class=\"fc4 ls0 ws0\">41.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">3.6 </span></span>Contributions to building costs <span class=\"_ _26c\"> </span><span class=\"fc4 ls0 ws0\">0.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _1bb\"> </span><span class=\"fc4 ls0 ws0\">7.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">12.9 </span></span>Investmen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s at 31 December 2022 included a non-curren<span class=\"_ _92\"></span>t<span class=\"ls79 ws190\"> loa<span class=\"_ _43\"></span>n to Energji Ashta Shpk in the amount of </span>\u20ac40.1m (previous year: \u20ac5.7m) as well as a current ot<span class=\"ls7a ws414\">her r<span class=\"_ _92\"></span>eceivable in the amount of \u20ac3.5m (previous </span>year<span class=\"_ _43\"></span>: \u20ac41.5m). Both mainly served <span class=\"ls80 ws1e4\">the financing of construction ser<span class=\"_ _43\"></span>v<span class=\"lsbc wsbe0\">ices relating to an Albanian </span></span>hydropower plant concession.  Tr<span class=\"_ _81\"></span>a<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span>s<span class=\"_ _109\"> </span>a<span class=\"_ _81\"></span>c<span class=\"_ _109\"> </span>t<span class=\"_ _109\"> </span>i<span class=\"_ _109\"> </span>o<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span>s<span class=\"_ _109\"> </span> w<span class=\"_ _81\"> </span>i<span class=\"_ _109\"> </span>t<span class=\"_ _109\"> </span>h<span class=\"_ _109\"> </span> joint ventures<span class=\"_ _92\"></span> 331<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>KELAG has acquired (pr<span class=\"_ _92\"></span>oportionate) electricity pur<span class=\"_ _92\"></span>cha<span class=\"ls63 ws133\">se rights by pr<span class=\"_ _92\"></span>oviding contributions to building </span>costs for po<span class=\"_ _92\"></span>wer plants on the Dan<span class=\"_ _92\"></span>ube and Drau rivers and for the M<span class=\"_ _92\"></span>alta and Rei\u00dfeck po<span class=\"_ _92\"></span>wer plant groups<span class=\"_ _92\"></span>. Based on these electricity suppl<span class=\"_ _92\"></span>y agreements<span class=\"_ _92\"></span>, VERBUND is obliga<span class=\"_ _92\"></span>ted to deliver a portion of the electricity genera<span class=\"_ _92\"></span>ted in these power plant<span class=\"_ _92\"></span>s to KEL<span class=\"_ _43\"></span>AG in exchange fo<span class=\"_ _92\"></span>r reimbursement of<span class=\"_ _92\"></span> the contractuall<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> stipulated r<span class=\"_ _92\"></span>ecognised expenses (excludin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> depreciation<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> amortisation and int<span class=\"_ _92\"></span>erest).  Mat<span class=\"_ _92\"></span>erial transactions with associates accoun<span class=\"_ _92\"></span>ted fo<span class=\"ls6f ws17d\">r using the equity method had the fol<span class=\"_ _92\"></span>lowing effect </span>on VERBUND\u2019<span class=\"_ _14\"></span>s income stat<span class=\"_ _92\"></span>ement and balance sheet<span class=\"_ _43\"></span>:  T<span class=\"_ _14\"></span>ransactions with associates <span class=\"_ _26a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Income statement <span class=\"_ _2d9\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _97\"> </span><span class=\"ff2c fc0\">  </span></span>Electricity revenue <span class=\"_ _247\"> </span><span class=\"fc4 ls0 ws0\">59.5 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">77.3 </span></span>Grid revenue <span class=\"_ _150\"> </span><span class=\"fc4\">36.2 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">50.1 </span>Other revenue <span class=\"_ _2f2\"> </span><span class=\"fc4 ls0 ws0\">5.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span>Other operating income <span class=\"_ _153\"> </span><span class=\"fc4 ls0 ws0\">8.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">4.9 </span></span>Expenses for electricity<span class=\"_ _14\"></span>, grid, <span class=\"ls46 ws45\">gas and cer<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ificates purchases <span class=\"_ _2f6\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>24.5 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">62.7 </span></span></span></span>Fuel expens<span class=\"_ _92\"></span>es and other usage-/rev<span class=\"_ _92\"></span>enue-dependent expens<span class=\"_ _92\"></span>es <span class=\"_ _a2\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">3.8 </span></span>Other operating ex<span class=\"_ _92\"></span>penses <span class=\"_ _229\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>7.7 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">37.8<span class=\"_ _43\"></span> </span></span></span>Interest income 0.2 0.8 T<span class=\"_ _14\"></span>ransactions with associates <span class=\"_ _26a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _295\"> </span><span class=\"ff2f fc4 ls159\">31/12<span class=\"_ _43\"></span>/2021 <span class=\"_ _182\"> </span></span><span class=\"ff2c ls1eb\">31/12/2<span class=\"_ _43\"></span>022 </span>Balance sheet <span class=\"_ _2f4\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _96\"> </span><span class=\"ff2c fc0\">  </span></span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her receivables and securiti<span class=\"_ _92\"></span>es <span class=\"_ _294\"> </span><span class=\"fc4 ls0 ws0\">24.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">26.0 </span></span>Contributions to building costs <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">276.9 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">274.2 </span></span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _1bb\"> </span><span class=\"fc4 ls0 ws0\">0.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.0<span class=\"_ _43\"></span> </span></span>Details regardi<span class=\"_ _92\"></span>ng the material transactions:<span class=\"_ _92\"></span> \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls82 wsbe2\">Electricity revenue was r<span class=\"_ _92\"></span>ealis<span class=\"ls64 ws50a\">ed with KEL<span class=\"_ _43\"></span>AG (\u20ac71.1m<span class=\"_ _43\"></span>; previous year: \u20ac53.4m) and OeMAG </span></span></span>Abwickl<span class=\"_ _92\"></span>ungsstelle f\u00fcr \u00d6kostr<span class=\"_ _92\"></span>om AG (\u20ac6.2m<span class=\"_ _43\"></span>; previous y<span class=\"_ _92\"></span>ear<span class=\"_ _43\"></span>: \u20ac6.1m).  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws186\">There was \u20ac54.4<span class=\"_ _92\"></span>m in electricity purchases (pre<span class=\"ls46 ws2c6\">vious year: \u20ac23.6m) primarily fr<span class=\"_ _92\"></span>om KEL<span class=\"_ _63\"></span>AG<span class=\"_ _92\"></span>.  </span></span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls63 wsbe3\">Grid revenue <span class=\"_ _92\"></span>was generated primarily with KN<span class=\"ls79 ws264\">G-K\u00e4rnten N<span class=\"_ _92\"></span>etz GmbH (\u20ac48.1m<span class=\"_ _43\"></span>; previous year: </span></span></span>\u20ac35.9m).  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls98 ws902\">A total of \u20ac4.7m (previous year<span class=\"_ _63\"></span>: \u20ac8.7m) of the contributions to <span class=\"_ _43\"></span>building costs were provided by KEL<span class=\"_ _43\"></span>AG </span></span>in financial year 2022. Tr<span class=\"_ _81\"></span>a<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span>s<span class=\"_ _109\"> </span>a<span class=\"_ _81\"></span>c<span class=\"_ _109\"> </span>t<span class=\"_ _109\"> </span>i<span class=\"_ _109\"> </span>o<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span>s<span class=\"_ _109\"> </span> w<span class=\"_ _81\"> </span>i<span class=\"_ _109\"> </span>t<span class=\"_ _109\"> </span>h<span class=\"_ _109\"> </span> associates  332 Electricity deliveries fro<span class=\"_ _92\"></span>m companies controlled o<span class=\"_ _92\"></span>r <span class=\"ls82 ws68c\">significantly influenced by the R<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>public of Aus<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ria </span>amounted to a total of \u20ac140.9m (previous year<span class=\"_ _43\"></span>: <span class=\"ls6d ws7f0\">\u20ac80.0m) in the 2022 reporting period. The primary </span>buyers of this <span class=\"_ _92\"></span>electricity were \u00d6BB, OMV<span class=\"_ _87\"></span>, Bundes<span class=\"ls83 ws443\">beschaffung Gm<span class=\"_ _92\"></span>bH and T<span class=\"_ _14\"></span>elekom Austria. El<span class=\"_ _0\"></span>ectricity </span>purchased fr<span class=\"_ _92\"></span>om companies contr<span class=\"_ _92\"></span>olled or significantly in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nced by the R<span class=\"_ _92\"></span>epublic of Austria amount<span class=\"_ _92\"></span>ed to a total of \u20ac35.5m in the 2022 r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>porting period <span class=\"ls71 ws59b\">(previous year: \u20ac11.5m). The electricity was supplied </span>primarily by \u00d6<span class=\"_ _92\"></span>BB. Gas trading con<span class=\"_ _92\"></span>tracts with OMV an<span class=\"ls80 ws581\">d gas deliveries on the part of OMV resulted in a </span>total expense of \u20ac134.7m in other <span class=\"ls71 wsf8\">revenue and pur<span class=\"_ _92\"></span>chased gas, r<span class=\"_ _92\"></span>esp<span class=\"_ _43\"></span>ectively (previous year: \u20ac69.1m). </span>VERBUND\u2019<span class=\"_ _14\"></span>s expense for monitor<span class=\"_ _43\"></span>ing by E-Contr<span class=\"_ _92\"></span>ol <span class=\"ls0 ws4f6\">amou<span class=\"_ _43\"></span>nted to a total of \u20ac16.0m (previous year: </span>\u20ac14.1m) in the 2022 reporting period. Detailed disclosur<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s regar<span class=\"_ _92\"></span>ding the boards of V<span class=\"_ _92\"></span>ERBUND A<span class=\"_ _92\"></span>G are present<span class=\"_ _92\"></span>ed in the Corporate Govern<span class=\"_ _92\"></span>ance Report. The fo<span class=\"_ _92\"></span>llowing disclosures focus on<span class=\"_ _92\"></span> the remunera<span class=\"_ _92\"></span>tion of members of the Executive Boar<span class=\"_ _92\"></span>d and the Super<span class=\"_ _43\"></span>visor<span class=\"_ _43\"></span>y B<span class=\"_ _43\"></span>oard.  Current remuneration of the Execut<span class=\"_ _43\"></span>ive Board (incl. variable remuneration<span class=\"_ _43\"></span>) <span class=\"_ _146\"> </span><span class=\"ff2a fs7 ls0 ws0\">\u20ac </span>  <span class=\"_ _153\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _10\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1c\">Fixed </span>remuneration V<span class=\"_ _92\"></span>ariable remuneration Fixed<span class=\"_ _43\"></span> remu<span class=\"_ _43\"></span>ne<span class=\"_ _43\"></span>rati<span class=\"_ _43\"></span>on<span class=\"_ _333\"> </span>V<span class=\"_ _14\"></span>ariable remu<span class=\"_ _43\"></span>ne<span class=\"_ _43\"></span>rati<span class=\"_ _43\"></span>on<span class=\"_ _333\"> </span>Dr<span class=\"_ _14\"></span>. Michael Strugl <span class=\"_ _192\"> </span><span class=\"fc4 ls0 ws0\">750,000 <span class=\"_ _117\"> </span>480,910 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">750,000<span class=\"_ _92\"></span> <span class=\"_ _aa\"> </span>826,750 </span></span>Dr<span class=\"_ _14\"></span>. Peter F<span class=\"_ _87\"></span>. Kollmann <span class=\"_ _156\"> </span><span class=\"fc4 ls0 ws0\">620,000 <span class=\"_ _aa\"> </span>435,813 <span class=\"_ _a5\"> </span><span class=\"ff2f fc0 ls18\">620,000 <span class=\"_ _117\"> </span>713,000 </span></span>Dr<span class=\"_ _14\"></span>. Achim Kaspar <span class=\"_ _1a6\"> </span><span class=\"fc4 ls0 ws0\">475,000 <span class=\"_ _aa\"> </span>332,500 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">475,00<span class=\"_ _92\"></span>0 <span class=\"_ _aa\"> </span>546,250 </span></span>Remunera<span class=\"_ _92\"></span>tion of the active Executive Board <span class=\"ls64 ws622\">members amoun<span class=\"_ _92\"></span>ted to a total of \u20ac3,969,703<span class=\"ff3a ls0 ws0\"> <span class=\"_ _a6\"> </span></span>in the <span class=\"_ _85\"></span> </span>2022 reporting period (previous year: \u20ac3,128,810), including \u20ac38,703 (previous year: \u20ac34,587) in remuneration in kind. The variable salaries<span class=\"_ _43\"></span> comprise per<span class=\"_ _43\"></span>formance-related shor<span class=\"_ _43\"></span>t-term and long<span class=\"_ _43\"></span>-term remuner<span class=\"_ _92\"></span>ation components. Active members of the <span class=\"ls63 wsbe7\">Executive Boar<span class=\"_ _92\"></span>d received \u20ac1,107,000 in short-term </span>variable remuner<span class=\"_ _92\"></span>ation (previous year<span class=\"_ _43\"></span>: \u20ac1,249,<span class=\"lsab ws549\">223) and \u20ac979,000 in long-term (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: \u20ac0) </span>variable rem<span class=\"_ _92\"></span>uneration in the 2022 reporting period. <span class=\"_ _92\"></span> Furthermor<span class=\"_ _92\"></span>e, \u20ac412,500 in long-term va<span class=\"lsbc wsbe9\">riable remuneration (L<span class=\"_ _14\"></span>TI Plan 2020) was paid<span class=\"_ _92\"></span> out in 2022 for a </span>retir<span class=\"_ _92\"></span>ed member of the E<span class=\"_ _43\"></span>xecutive Board (pr<span class=\"_ _92\"></span>evious yea<span class=\"ls79 ws465\">r<span class=\"_ _63\"></span>: L<span class=\"_ _14\"></span>TI Plan 2019: \u20ac412,500). This relates to claims </span>for active service on the Executive Boar<span class=\"_ _92\"></span>d.  Because it is onl<span class=\"_ _92\"></span>y possible at the end of the ye<span class=\"_ _92\"></span>ar <span class=\"ls88 ws14d\">to ascertain whether targets ha<span class=\"_ _92\"></span>ve been achieved, </span>short-term varia<span class=\"_ _92\"></span>ble remuner<span class=\"_ _92\"></span>ation componen<span class=\"_ _92\"></span>ts are paid out in the follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing year<span class=\"_ _14\"></span>. Ther<span class=\"_ _92\"></span>efore<span class=\"_ _92\"></span>, the total amount incl<span class=\"_ _92\"></span>udes the short-term variable r<span class=\"_ _92\"></span>emuneration<span class=\"_ _92\"></span> components grant<span class=\"_ _92\"></span>ed to the active member<span class=\"_ _92\"></span>s of the Executive Board in the 2022 r<span class=\"_ _92\"></span>ep<span class=\"_ _43\"></span>ortin<span class=\"ls6d ws186\">g period for the 2021 reporting period.<span class=\"ff3a fc9 ls0 ws0\"> <span class=\"ff28 fc0\"> </span></span></span>The system of variable remuner<span class=\"_ _92\"></span>ation was revise<span class=\"ls6d ws9ef\">d beginning with the 2019 <span class=\"ls64 ws55d\">r<span class=\"_ _92\"></span>eporting period and a </span></span>generally<span class=\"_ _92\"></span> three-year Long T<span class=\"_ _80\"></span>erm Incentive Pr<span class=\"_ _92\"></span>ogramme (L<span class=\"_ _14\"></span>TIP) was a<span class=\"_ _92\"></span>greed in addition to<span class=\"_ _92\"></span> the short-term targets (<span class=\"_ _92\"></span>one-year goals). F<span class=\"_ _92\"></span>or the one-ye<span class=\"_ _92\"></span>ar goals, the per<span class=\"_ _92\"></span>centage rat<span class=\"_ _92\"></span>e for total achievement o<span class=\"_ _92\"></span>f the targets beginning in financial year 2021 is <span class=\"ls71 ws661\">a standard 60 <span class=\"_ _88\"></span>% of the relevan<span class=\"_ _92\"></span>t<span class=\"ls70 wsa4c\"> fixed remuneration. In<span class=\"_ _92\"></span> the 2021 </span></span>reporting <span class=\"_ _92\"></span>period, 70 % of t<span class=\"_ _92\"></span>he agreement on<span class=\"_ _92\"></span> targets is based on the achiev<span class=\"_ _92\"></span>ement of the Gr<span class=\"_ _92\"></span>oup result and 30 <span class=\"_ _14\"></span>% on non-fi<span class=\"_ _43\"></span>nancial goals (one-year): expansion of renewable generation (20 <span class=\"_ _92\"></span>%) and conclusion <span class=\"_ _43\"></span>of a culture a<span class=\"_ _92\"></span>udit (10 <span class=\"_ _14\"></span>%). In<span class=\"_ _0\"></span> the 2022 r<span class=\"_ _92\"></span>eporting period, 70 <span class=\"_ _14\"></span>% of t<span class=\"_ _92\"></span>he agreement on<span class=\"_ _92\"></span> targets was based on the achievement of the Group result and 30 <span class=\"_ _80\"></span>% on non-financial goals (one-year): expansion of renewable<span class=\"_ _333\"> </span>T<span class=\"_ _80\"></span>ransactions with the Republic of Austria and companies under its controlling influence Disclosures regarding the gov<span class=\"_ _92\"></span>erning bodies of the Gr<span class=\"_ _92\"></span>oup 333<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>generation (10 %), pr<span class=\"_ _92\"></span>oportion of women among newly <span class=\"ls78 ws184\">hired employees (10 %) and 100 % of in<span class=\"_ _92\"></span>vestments </span>based on ESG criteria (10 %).  With r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>spect to the long-term <span class=\"ls71 ws81e\">incentive plans (L<span class=\"_ _14\"></span>TIP) for 2019\u2013</span> <span class=\"fs2 ls79 ws2ba\">2021 and 2020\u2013</span> <span class=\"fs2 ls7d ws425\">2022, a maximum of </span>55 <span class=\"_ _80\"></span>% of the res<span class=\"_ _92\"></span>pective fixed salaries (maximum <span class=\"ls7d ws3ba\">target achievement 100 <span class=\"_ _87\"></span>%, variable component 55 <span class=\"_ _87\"></span>%) </span>can be paid out in the form of long<span class=\"_ _43\"></span>-term remuneration based on medium-te<span class=\"_ _43\"></span>rm perfor<span class=\"_ _43\"></span>mance criter<span class=\"_ _43\"></span>ia. <span class=\"_ _14\"></span> The concrete amount depends not only on t<span class=\"_ _43\"></span>he achievement of the object<span class=\"_ _43\"></span>ives, but also on VERBUND\u2019<span class=\"_ _14\"></span>s shar<span class=\"_ _92\"></span>e price performance. The dura<span class=\"_ _92\"></span>tion of the L<span class=\"_ _14\"></span>TIP is three ye<span class=\"_ _92\"></span>ars. In the beginn<span class=\"_ _92\"></span>ing, the maximum v<span class=\"_ _92\"></span>alue is depicted as the curren<span class=\"_ _92\"></span>t price in phantom shares; the undiscount<span class=\"_ _92\"></span>ed amount is paid out in arrears<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> depending on the ac<span class=\"_ _92\"></span>hievement of the tar<span class=\"_ _92\"></span>gets and the share price at t<span class=\"_ _92\"></span>he end of the three-ye<span class=\"_ _92\"></span>ar assessment period (aver<span class=\"_ _92\"></span>age daily price of the VERBUND <span class=\"_ _92\"></span>share for the first quart<span class=\"_ _92\"></span>er following the end of the pl<span class=\"_ _92\"></span>an).  The following performance criter<span class=\"ls7d ws514\">ia wer<span class=\"_ _92\"></span>e defined for L<span class=\"_ _14\"></span>TIP 2019<span class=\"fc9 ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls76 ws7e\">(assessment period endin<span class=\"_ _92\"></span>g 2021): total </span></span>shareho<span class=\"_ _92\"></span>lder return (25 <span class=\"_ _14\"></span>%), EB<span class=\"_ _92\"></span>ITDA from gr<span class=\"_ _92\"></span>owth projects (25 <span class=\"_ _14\"></span>%), fr<span class=\"_ _92\"></span>ee cash flow (FCF) befor<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> dividends (25 %), pr<span class=\"_ _92\"></span>oductivity increase (25 <span class=\"_ _92\"></span>%); for L<span class=\"_ _14\"></span>TIP 2020 (a<span class=\"ls87 ws27b\">ssessment period ending <span class=\"ls71 ws84\">2022), application of total </span></span>shareholder r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>turn (30 <span class=\"_ _80\"></span>%), FCF before dividends (<span class=\"ls19 ws4b1\">35 <span class=\"_ _87\"></span>%) and net debt/EBITDA (35 <span class=\"_ _80\"></span>%). In contrast<span class=\"_ _92\"></span>, the </span>L<span class=\"_ _14\"></span>TI plans for the Executive Board member retiring <span class=\"ls0 ws5d2\">at the end <span class=\"_ _92\"></span>of 2020 were ea<span class=\"ls64 ws153\">ch concluded with a two-<span class=\"_ _333\"> </span></span></span>year assessment period.  Beginning with the 2021 reporting period, a maximu<span class=\"ls7d ws568\">m of 78 <span class=\"_ _89\"></span>% of the respective fixed salaries </span>(maximum target achievemen<span class=\"_ _92\"></span>t 120 <span class=\"_ _14\"></span>%, variable component<span class=\"ls0 ws235\"> 65 <span class=\"_ _80\"></span>%) can be paid out in the for<span class=\"_ _43\"></span>m of long-<span class=\"_ _333\"> </span></span>term remuneration based on me<span class=\"_ _43\"></span>dium-term p<span class=\"_ _43\"></span>erformance cr<span class=\"_ _43\"></span>iteria. The<span class=\"_ _43\"></span> concrete amount depends not only on the a<span class=\"_ _92\"></span>chievement of the objective<span class=\"_ _92\"></span>s, but also on VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s share price <span class=\"_ _92\"></span>performance. <span class=\"_ _8a\"></span> The dura<span class=\"_ _92\"></span>tion of the L<span class=\"_ _14\"></span>TIP is thre<span class=\"_ _92\"></span>e years. In t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e beginning<span class=\"_ _92\"></span>, the maximum value is depict<span class=\"_ _92\"></span>ed as the current price in phantom<span class=\"_ _92\"></span> shares<span class=\"_ _43\"></span>; the undiscoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d amount is paid out in<span class=\"_ _92\"></span> arrears, dependin<span class=\"_ _92\"></span>g on the achieveme<span class=\"_ _43\"></span>nt of the targets and the sha<span class=\"_ _43\"></span>re price at the end of the three-year ass<span class=\"_ _43\"></span>essment per<span class=\"_ _43\"></span>iod (average price of the VERBUND shar<span class=\"_ _92\"></span>e with regar<span class=\"_ _92\"></span>d to the th<span class=\"ls74 ws5fc\">ree-y<span class=\"_ _92\"></span>ear assessment period for the r<span class=\"_ _92\"></span>espective L<span class=\"_ _14\"></span>TI </span>plan). The following performance <span class=\"ls46 ws667\">criteria were defined for the L<span class=\"_ _14\"></span>T<span class=\"ls87 ws69f\">IP 2021 (assessment period ending </span></span>2023): total shareholder r<span class=\"_ _92\"></span>eturn (30 <span class=\"_ _89\"></span>%), FCF befor<span class=\"_ _92\"></span>e<span class=\"ls63 ws653\"> divide<span class=\"_ _43\"></span>nds (35 <span class=\"_ _86\"></span>%), overhead costs (35 <span class=\"_ _86\"></span>%). The </span>following performance criteria have<span class=\"ls79 ws465\"> been agreed for L<span class=\"_ _14\"></span>TIP 2022 (ass<span class=\"ls9a wscd\">essment period en<span class=\"ls7d ws488\">ding 2024): total </span></span></span>shareholder r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>turn (30 %), FCF be<span class=\"ls97 ws124\">for<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> dividends (35 %),<span class=\"_ _43\"></span> expansion of new renewables (35 %).  </span>A company pen<span class=\"_ _92\"></span>sion plan has been set up for m<span class=\"_ _0\"></span>embers of the<span class=\"_ _92\"></span> E<span class=\"_ _43\"></span>xecutive Boar<span class=\"_ _92\"></span>d in the form of a defined contribution pension fund agreement<span class=\"_ _92\"></span>. In the 2022 re<span class=\"ls7d ws488\">porting period, con<span class=\"_ _92\"></span>tributions to the pension fund </span>were paid for the Executive Boar<span class=\"_ _92\"></span>d in th<span class=\"_ _43\"></span><span class=\"ls80 wsde\">e amount of \u20ac184,500 (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: \u20ac184,500). </span>In the 2022 re<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>orting period, \u20ac296,379 (previous yea<span class=\"ls71 wsbf4\">r: \u20ac391,533) in pensions was paid out to </span>beneficiaries. Exp<span class=\"_ _43\"></span>enses for pensions<span class=\"_ _43\"></span> and similar obligations for for<span class=\"_ _43\"></span>mer members of the<span class=\"_ _43\"></span> Executive Board and their surviving dependants included in the pr<span class=\"_ _92\"></span>ofit or loss for the period amount<span class=\"_ _92\"></span>ed to a total of \u20ac29,339 (previous year: \u20ac28,897). In addition, inco<span class=\"ls70 ws5d4\">me in the amount of \u20ac1,483,786 (pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: </span>expense of \u20ac3,914) was r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cognised in other compre<span class=\"ls80 ws85a\">hensive income due to th<span class=\"_ _92\"></span><span class=\"lsbc wsb32\">e cessation of pension </span></span>entitlemen<span class=\"_ _92\"></span>ts. Remunera<span class=\"_ _92\"></span>tion for members of the S<span class=\"_ _92\"></span>uper<span class=\"_ _43\"></span>visor<span class=\"_ _43\"></span>y Board (inc<span class=\"_ _0\"></span>luding the r<span class=\"_ _92\"></span>eimbursement o<span class=\"_ _92\"></span>f recharged business/tra<span class=\"_ _92\"></span>vel expenses) amounted<span class=\"ls71 ws1fa\"> to a total of \u20ac397,857 (previous yea<span class=\"ls78 ws4a8\">r<span class=\"_ _43\"></span>: \u20ac391,778). As in the previous </span></span>year<span class=\"_ _14\"></span>, no loan<span class=\"_ _92\"></span>s or advances were paid ou<span class=\"_ _92\"></span>t to members of the Gr<span class=\"_ _92\"></span>oup<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s or subsidiaries<span class=\"_ _92\"></span>\u2019 governing bodies<span class=\"_ _92\"></span>. As in the previo<span class=\"_ _92\"></span>us year<span class=\"_ _14\"></span>, VERBUND does not ha<span class=\"_ _92\"></span>ve a stock option<span class=\"_ _92\"></span> programme for either t<span class=\"_ _92\"></span>he members of the Executive Boar<span class=\"_ _92\"></span>d or senior managemen<span class=\"_ _92\"></span>t staff. 334 13.4<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"lsef ws877\">Subsidiaries, joint ventures and associates of VERBUND<span class=\"_ _333\"> </span></span><span class=\"lsef ws877\"> </span>The followin<span class=\"_ _92\"></span>g tables contain condensed fin<span class=\"_ _92\"></span>ancial information for each of the Gr<span class=\"_ _92\"></span>oup<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s subsidiaries with significant<span class=\"_ _92\"></span>, non-controlling in<span class=\"_ _92\"></span>terests before in<span class=\"_ _92\"></span>tra-Group adjustm<span class=\"_ _92\"></span>ents<span class=\"_ _43\"></span>: Subsidiaries with significa<span class=\"_ _92\"></span>nt non-controll<span class=\"lsff ws2fc\">ing interests: statement of comprehensive </span>income  <span class=\"_ _2f7\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>  <span class=\"_ _c6\"> </span><span class=\"fc4\">  <span class=\"_ _53\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">2021 <span class=\"_ _53\"> </span></span></span><span class=\"ff2c\">  <span class=\"_ _125\"> </span>  <span class=\"_ _7\"> </span><span class=\"ls18\">20<span class=\"_ _92\"></span>22 </span></span>  <span class=\"_ _7d\"> </span><span class=\"ff2f fc4 ls2b\">VERBUND </span>Hydro Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> GmbH Gas Connect Austria GmbH VERBUND Innkraft- wer<span class=\"_ _43\"></span>ke GmbH VERBUND Hydro Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> GmbH Gas Connect Austria GmbH VERBUND Innkraft- wer<span class=\"_ _43\"></span>ke GmbH Revenue <span class=\"_ _1a0\"> </span><span class=\"fc4\">1,137.9 <span class=\"_ _11\"> </span>141.3 <span class=\"_ _24\"> </span>81.0 <span class=\"_ _22d\"> </span></span><span class=\"ff2f ls18\">2,227.9 <span class=\"_ _5\"> </span>399.<span class=\"_ _92\"></span>4 <span class=\"_ _8\"> </span><span class=\"ls49\">203.6 </span></span>Profit after tax <span class=\"_ _1eb\"> </span><span class=\"fc4 ls18 ws0\">584.3 <span class=\"_ _b8\"> </span><span class=\"ls31\">1<span class=\"_ _43\"></span>3.3 <span class=\"_ _1b3\"> </span></span>18.3 <span class=\"_ _151\"> </span><span class=\"ff2c fc0\">1,353.9 <span class=\"_ _147\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>23.4 <span class=\"_ _b8\"> </span>99.2 </span></span>Profit f<span class=\"_ _92\"></span>or the <span class=\"_ _43\"></span>period <span class=\"_ _18e\"> </span><span class=\"fc4 ls18 ws0\">584.3 <span class=\"_ _b8\"> </span><span class=\"ls31\">13.3 <span class=\"_ _1c\"> </span></span>18.<span class=\"_ _92\"></span>3 <span class=\"_ _16d\"> </span><span class=\"ff2c fc0\">1,353.9<span class=\"_ _92\"></span> <span class=\"_ _4d\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>23.4 <span class=\"_ _11c\"> </span>99.2 </span></span>Ownership interest of  non-controlling interests <span class=\"_ _f3\"> </span><span class=\"fc4 ls37 ws36\">15.94 % <span class=\"_ _a7\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73 % <span class=\"_ _1e7\"> </span></span><span class=\"ff2f ls18 ws6d6\">15.94 % <span class=\"_ _151\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73 % </span>Profit f<span class=\"_ _92\"></span>or the <span class=\"_ _43\"></span>period attributable to non-<span class=\"_ _333\"> </span>controlling interests <span class=\"_ _138\"> </span><span class=\"fc4 ls49 ws0\">93.1 <span class=\"_ _4f\"> </span><span class=\"ls18\">6.5 <span class=\"_ _1c5\"> </span>5.5 <span class=\"_ _4d\"> </span><span class=\"ff2c fc0\">215.8 <span class=\"_ _147\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>11.5 <span class=\"_ _b8\"> </span>29.5 </span></span></span>Other comprehensive income  <span class=\"_ _1c\"> </span><span class=\"fc4 ls0 ws0\">32.5 <span class=\"_ _26\"> </span>4.3 <span class=\"_ _26\"> </span>2.1 <span class=\"_ _1b3\"> </span><span class=\"ff2f fc0 ls29\">35<span class=\"_ _43\"></span>.1 <span class=\"_ _4f\"> </span><span class=\"ls31\">5.3 <span class=\"_ _23\"> </span><span class=\"ls18\">11.1 </span></span></span></span>T<span class=\"_ _14\"></span>otal comprehensive income for the period <span class=\"_ _7a\"> </span><span class=\"fc4 ls18 ws0\">616.8 <span class=\"_ _b8\"> </span>17.5 <span class=\"_ _1b3\"> </span>20.4 <span class=\"_ _151\"> </span><span class=\"ff2c fc0\">1,388.9 <span class=\"_ _147\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>18.2 <span class=\"_ _179\"> </span>110.4 </span></span>Ownership interest of  non-controlling interests 15.94 % <span class=\"_ _a7\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73 % <span class=\"_ _1e7\"> </span><span class=\"ff2f fc0 ls18 ws6d6\">15.94 % <span class=\"_ _1e7\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73 % </span>T<span class=\"_ _14\"></span>otal profit or loss for  the period attributable to  non-controlling interests 98.3 <span class=\"_ _4f\"> </span>8.6 <span class=\"_ _4f\"> </span>6.1 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">221.4 <span class=\"_ _6\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>8.9 <span class=\"_ _b8\"> </span>32.8 </span>Subsidiaries with significant n<span class=\"_ _92\"></span>on-<span class=\"_ _333\"> </span>controlling interests 335<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Subsidiaries with si<span class=\"_ _92\"></span>gnificant, non-controlling i<span class=\"_ _92\"></span>nterests: balance sheet <span class=\"_ _3a\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _c6\"> </span><span class=\"fc4\">  <span class=\"_ _53\"> </span>  <span class=\"_ _258\"> </span><span class=\"ls159\">31/12/2021 <span class=\"_ _53\"> </span></span></span><span class=\"ff2c\">  <span class=\"_ _53\"> </span>  <span class=\"_ _2e8\"> </span><span class=\"ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span></span>  <span class=\"_ _7d\"> </span><span class=\"ff2f fc4 ls2b\">VERBUND </span>Hydro Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> GmbH Gas Connect Austria GmbH VERBUND Innkraft- wer<span class=\"_ _43\"></span>ke GmbH VERBUND Hydro Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> GmbH Gas Connect Austria GmbH VERBUND Innkraft- wer<span class=\"_ _43\"></span>ke GmbH Non-current assets <span class=\"_ _bd\"> </span><span class=\"fc4 ls0 ws0\">4,804.4 <span class=\"_ _1f\"> </span>856.0 <span class=\"_ _11\"> </span>915.8 <span class=\"_ _1e2\"> </span><span class=\"ff2f fc0 ls18\">4,963.0 <span class=\"_ _5\"> </span>770.0 <span class=\"_ _11\"> </span><span class=\"ls49\">95<span class=\"_ _43\"></span>3.7 </span></span></span>Current assets <span class=\"_ _e7\"> </span><span class=\"fc4 ls0 ws0\">251.9 <span class=\"_ _24\"> </span>44.1 <span class=\"_ _26\"> </span>2.8 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">829.4 <span class=\"_ _5\"> </span>102.2 <span class=\"_ _1c\"> </span>64.8 </span></span>Non-current liabilities <span class=\"_ _45\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>2,089.2 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>428.0 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>62.7 <span class=\"_ _1e9\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,905.5 <span class=\"_ _134\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">414.4 <span class=\"_ _21\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">82.1 </span></span></span>Current liabilities <span class=\"_ _209\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>156.6 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>80.2 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>55.6 <span class=\"_ _94\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">185.9 <span class=\"_ _134\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">110.2 <span class=\"_ _21\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls31\">35.8 </span></span></span>Net assets <span class=\"_ _2d\"> </span><span class=\"fc4 ls18 ws0\">2,810.6 <span class=\"_ _5\"> </span>391.<span class=\"_ _92\"></span>8 <span class=\"_ _5\"> </span>800.3 <span class=\"_ _151\"> </span><span class=\"ff2c fc0\">3,701.0 <span class=\"_ _4d\"> </span>347.5 <span class=\"_ _179\"> </span>900.7 </span></span>Ownership interest of  non-controlling interests <span class=\"_ _f3\"> </span><span class=\"fc4 ls37 ws36\">15.94 % <span class=\"_ _a7\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73 % <span class=\"_ _1e7\"> </span></span><span class=\"ff2f ls18 ws6d6\">15.94 % <span class=\"_ _151\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73<span class=\"_ _92\"></span> % </span>Net assets attributab<span class=\"_ _92\"></span>le to non-controlling interests <span class=\"_ _53\"> </span><span class=\"fc4 ls18 ws0\">448.0 <span class=\"_ _5\"> </span>192.<span class=\"_ _92\"></span>0 <span class=\"_ _5\"> </span>238.0 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">589.9 <span class=\"_ _4d\"> </span>170.3 <span class=\"_ _191\"> </span>267.8 </span></span>Subsidiaries with significa<span class=\"_ _92\"></span>nt, non-<span class=\"ls44 ws5ef\">controlling inter<span class=\"_ _92\"></span>ests: cash flows<span class=\"_ _92\"></span>  <span class=\"_ _2f\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _c6\"> </span><span class=\"fc4\">  <span class=\"_ _53\"> </span>  <span class=\"_ _258\"> </span><span class=\"ls159\">31/12/2021 <span class=\"_ _53\"> </span></span></span><span class=\"ff2c\">  <span class=\"_ _53\"> </span>  <span class=\"_ _2e8\"> </span><span class=\"ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span></span>  <span class=\"_ _7d\"> </span><span class=\"ff2f fc4 ls2b\">VERBUND </span>Hydro Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> GmbH Gas Connect Austria GmbH VERBUND Innkraft- wer<span class=\"_ _43\"></span>ke GmbH VERBUND Hydro Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> GmbH Gas Connect Austria GmbH VERBUND Innkraft- wer<span class=\"_ _43\"></span>ke GmbH Cash flow from  operating activities <span class=\"_ _110\"> </span><span class=\"fc4 ls0 ws0\">738.0 <span class=\"_ _1c\"> </span>68.0 <span class=\"_ _24\"> </span>49.0 <span class=\"_ _1e2\"> </span><span class=\"ff2f fc0 ls18\">1,480.7 <span class=\"_ _5\"> </span>131.4 <span class=\"_ _11\"> </span>166.3 </span></span>Cash flow from  investing activities \u2013<span class=\"fsa\"> </span>188.8 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>28.4 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>80.0 <span class=\"_ _94\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">285.9 <span class=\"_ _179\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">57.4 <span class=\"_ _5\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">70.1 </span></span>Cash flow from  financing activities <span class=\"_ _97\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>549.2 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>39.6 <span class=\"_ _24\"> </span>31.0 <span class=\"_ _1e9\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,194.7 <span class=\"_ _179\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">52.4 <span class=\"_ _21\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">96.2 </span></span></span>Change in cash and  cash equivalents <span class=\"_ _181\"> </span><span class=\"fc4 ls18 ws0\">0.0 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _1d1\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span>21.6 <span class=\"_ _4f\"> </span>0.0 </span></span>Dividends paid to  non-controlling interests <span class=\"_ _9d\"> </span><span class=\"fc4 ls18 ws0\">55.8 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _4f\"> </span><span class=\"ls31\">3.0<span class=\"_ _43\"></span> <span class=\"_ _1cd\"> </span></span><span class=\"ff2c fc0\">97.3 <span class=\"_ _2d4\"> </span>12.3 <span class=\"_ _4f\"> </span>3.0 </span></span>There is <span class=\"_ _92\"></span>a shareholder a<span class=\"_ _92\"></span>greement at V<span class=\"_ _92\"></span>ERBUND Innkraftwerk<span class=\"_ _92\"></span>e GmbH that specifies t<span class=\"_ _92\"></span>hat the entir<span class=\"_ _92\"></span>e profit for<span class=\"_ _0\"></span> the year is to be a<span class=\"_ _92\"></span>pproved as net pr<span class=\"_ _92\"></span>ofit<span class=\"ls7d ws5c0\"> for the period and distri<span class=\"ls28 ws304\">buted to th<span class=\"_ _43\"></span>e shareholders </span></span>except in the follo<span class=\"_ _92\"></span>wing cases<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls98 wsc6\">The shareholders agree unanimously to a different payout ratio<span class=\"_ _92\"></span>. </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls83 ws45\">The distribution of the en<span class=\"_ _92\"></span>tire pr<span class=\"_ _92\"></span>ofit violates statutory pro<span class=\"_ _92\"></span>visions. </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls67 ws46e\">The equity as a<span class=\"_ _92\"></span> percentage of<span class=\"_ _92\"></span> assets will fall below 25 <span class=\"_ _14\"></span>% at<span class=\"_ _92\"></span> the respective r<span class=\"_ _92\"></span>eporting date if the en<span class=\"_ _92\"></span>tire </span></span>profit is distributed. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 lsa2 ws145\">There ar<span class=\"_ _92\"></span>e insufficient cash and <span class=\"_ _92\"></span>cash equivalents a<span class=\"_ _92\"></span>vailable to distribute the enti<span class=\"_ _92\"></span>re profit<span class=\"_ _92\"></span>. </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls82 wsbf6\">A distribution of the en<span class=\"_ _92\"></span>tire profit wo<span class=\"_ _92\"></span>uld not leave enou<span class=\"_ _92\"></span>gh cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s for appr<span class=\"_ _92\"></span>oved </span></span>capital expendit<span class=\"_ _92\"></span>ure, main<span class=\"_ _92\"></span>tenance and restructuring meas<span class=\"_ _92\"></span>ures and/or actions that m<span class=\"_ _92\"></span>ust be taken due to for<span class=\"_ _92\"></span>ce majeure<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> or reserves ar<span class=\"_ _92\"></span>e to be recognised for the r<span class=\"_ _92\"></span>eversal of impairment los<span class=\"_ _92\"></span>ses. 336 The equity int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rest in E<span class=\"_ _92\"></span>nnskraftwerke Ak<span class=\"_ _92\"></span>tiengesellschaft (with VERBUN<span class=\"_ _92\"></span>D<span class=\"fs0 ls0 ws0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls6b ws77e\">and Energie AG Ober- </span>\u00f6sterr<span class=\"_ _92\"></span>eich each holding 50 <span class=\"_ _14\"></span>% of the inter<span class=\"_ _92\"></span>est) is to be classified as a join<span class=\"_ _92\"></span>t operation in accor<span class=\"_ _92\"></span>dance with the pro<span class=\"_ _92\"></span>visions of IFRS <span class=\"_ _85\"></span>11. As <span class=\"_ _92\"></span>a result, Ennskr<span class=\"_ _92\"></span>aftwerke Aktien<span class=\"_ _92\"></span>gesellschaft is being included in the consolidated fin<span class=\"_ _92\"></span>ancial statements with<span class=\"_ _92\"></span> the share of asse<span class=\"_ _92\"></span>ts and liabilities and/or r<span class=\"_ _92\"></span>evenue and expenses attributable to VERBUND. The size of the<span class=\"_ _43\"></span> share is<span class=\"ls75 ws2d5\"> determined based on<span class=\"_ _92\"></span> the relationship of electricity </span>deliveries to both parties. Fr<span class=\"_ _92\"></span>om a <span class=\"ls81 wsbec\">cost-benefit perspective, t<span class=\"_ _92\"></span>he assets<span class=\"ls79 ws731\"> and liabilities and/or revenue and </span></span>expenses of Ennskr<span class=\"_ _92\"></span>aftwerke Ak<span class=\"_ _92\"></span>tiengesellschaft based <span class=\"ls81 ws45f\">on the a<span class=\"_ _92\"></span>verage r<span class=\"_ _92\"></span>atio of total electricity deliveries<span class=\"_ _92\"></span> </span>(VERBUND 62 <span class=\"_ _85\"></span>% and E<span class=\"_ _92\"></span>nergie AG Ober\u00f6sterreich 38 <span class=\"_ _89\"></span><span class=\"ls70 ws67a\">%) are included in VERBUND\u2019<span class=\"_ _14\"></span>s consolidated </span>financial s<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>atements<span class=\"_ _92\"></span>. The tables belo<span class=\"_ _92\"></span>w show a summary of aggr<span class=\"_ _92\"></span>egated financial info<span class=\"_ _92\"></span>r<span class=\"_ _43\"></span>mation fo<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>the associates o<span class=\"_ _92\"></span>f VERBUND accounted for usin<span class=\"_ _92\"></span>g the equity method br<span class=\"_ _92\"></span>oken down according t<span class=\"_ _92\"></span>o material associates <span class=\"_ _92\"></span>and individually immaterial<span class=\"_ _92\"></span> ass<span class=\"_ _43\"></span>ociates<span class=\"_ _92\"></span>. As a general rule, the r<span class=\"_ _92\"></span>eference da<span class=\"_ _92\"></span>te for investee balance she<span class=\"_ _92\"></span>et data is 30 <span class=\"_ _88\"></span>S<span class=\"_ _43\"></span>eptember 2022 (see section <span class=\"_ _87\"></span>1.2 F<span class=\"_ _92\"></span>inancial reportin<span class=\"ls6d ws589\">g principles); the data <span class=\"ls75 ws824\">are based on disclosed </span></span>financial sta<span class=\"_ _92\"></span>tements and/or on data updat<span class=\"_ _92\"></span>ed to the best of VERBUND\u2019<span class=\"_ _14\"></span>s knowl<span class=\"_ _0\"></span>edge. Individually material associates: st<span class=\"_ _92\"></span><span class=\"lsc4 ws2b2\">atement of comprehensive i<span class=\"_ _92\"></span>n<span class=\"_ _43\"></span>come  <span class=\"_ _192\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2f8\"> </span><span class=\"ff2f fc4 ls1a\">KELAG-K\u00e4rntner </span>Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft KELAG-K\u00e4rntner Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft Revenue <span class=\"_ _23e\"> </span><span class=\"fc4\">1,043.5 <span class=\"_ _132\"> </span></span><span class=\"ff2f ls18\">1,483.9 </span>Profit after tax <span class=\"_ _2f9\"> </span><span class=\"fc4 ls18 ws0\">154.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">134.6<span class=\"_ _92\"></span> </span></span>Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span>Profit or loss f<span class=\"_ _92\"></span>or t<span class=\"_ _43\"></span>he period attributable to VERBUND <span class=\"_ _145\"> </span><span class=\"fc4 ls18 ws0\">54.4 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">47.3 </span></span>Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.4 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">43.0 </span></span></span></span>Share of prof<span class=\"_ _92\"></span>it or <span class=\"_ _43\"></span>loss from associates ac<span class=\"_ _92\"></span>counted for  using the equity method 36.0 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">4.3 </span>Profit after tax <span class=\"_ _2f9\"> </span><span class=\"fc4 ls18 ws0\">154.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">134.6<span class=\"_ _92\"></span> </span></span>Other comprehensive income  <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>16.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.5 </span></span>T<span class=\"_ _14\"></span>otal comprehensive income f<span class=\"_ _0\"></span>or the period <span class=\"_ _1db\"> </span><span class=\"fc4 ls18 ws0\">138.5 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">149.<span class=\"_ _92\"></span>1 </span></span>Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span>T<span class=\"_ _14\"></span>otal comprehensive income fo<span class=\"_ _92\"></span>r the <span class=\"_ _43\"></span>period attributable to VERBUND <span class=\"_ _24b\"> </span><span class=\"fc4 ls18 ws0\">48.7 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">52.4 </span></span>Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.9 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">44.5 </span></span></span></span>T<span class=\"_ _14\"></span>otal comprehensive income f<span class=\"_ _92\"></span>or the period from associates  accounted for using the equity method <span class=\"_ _1be\"> </span><span class=\"fc4 ls18 ws0\">29.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">8.0 </span></span>Dividends received from associates<span class=\"_ _92\"></span> <span class=\"_ _2cd\"> </span><span class=\"fc4 ls18 ws0\">17.6 <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">21.1<span class=\"_ _333\"> </span></span></span>Joint operation: Ennskr<span class=\"_ _92\"></span>aftwerke<span class=\"_ _92\"></span> Aktiengesellschaft Associates 337<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>KEL<span class=\"_ _43\"></span>AG\u2019<span class=\"_ _92\"></span>s resolutions on the distr<span class=\"_ _43\"></span>ibution of dividends<span class=\"_ _43\"></span> must be approved with a simple majority. K\u00e4rntn<span class=\"_ _92\"></span>er Energieholding Beteiligun<span class=\"_ _92\"></span>gs GmbH holds 51 <span class=\"_ _86\"></span>% of the shar<span class=\"_ _92\"></span>es in KELAG and therefor<span class=\"_ _92\"></span>e determines their dis<span class=\"_ _92\"></span>tribution p<span class=\"_ _43\"></span>olicy. Individually material as<span class=\"ls94 ws464\">sociates: balance sheet <span class=\"_ _ae\"> </span></span><span class=\"ff2a fs7 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _2fb\"> </span><span class=\"fc4 ls159\">31/12/2021 <span class=\"_ _182\"> </span></span><span class=\"ff2c ls1eb\">31<span class=\"_ _43\"></span>/12/2022 </span>  <span class=\"_ _2f8\"> </span><span class=\"ff2f fc4 ls1a\">KELAG-K\u00e4rntner </span>Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft KELAG-K\u00e4rntner Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft Non-current assets <span class=\"_ _2fc\"> </span><span class=\"fc4 ls0 ws0\">1,947.7 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">2,553.0 </span></span>Current assets <span class=\"_ _1d9\"> </span><span class=\"fc4 ls0 ws0\">940.3 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">1,595.6 </span></span>Non-current liabilities <span class=\"_ _229\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,108.4 <span class=\"_ _10f\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,320.8 </span></span></span>Current liabilities <span class=\"_ _237\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>739.6 <span class=\"_ _10f\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,689.9 </span></span></span>Equity attributable to <span class=\"lscc ws0\">non-controllin<span class=\"ls2b ws29\">g interests <span class=\"_ _2fd\"> </span></span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>8.4 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">17.6 </span></span></span></span>Net assets <span class=\"_ _165\"> </span><span class=\"fc4 ls18 ws0\">1,<span class=\"_ _92\"></span>031.6 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,120.3 </span></span>Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span>Net assets attributab<span class=\"_ _92\"></span>le to VERBUND <span class=\"_ _b9\"> </span><span class=\"fc4 ls18 ws0\">362.<span class=\"_ _92\"></span>8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">394.0 </span></span>Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>72.8 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">99.6 </span></span></span></span>Carrying amount of associates acco<span class=\"_ _92\"></span>unted for using the equity method <span class=\"_ _96\"> </span><span class=\"fc4 ls18 ws0\">289.9 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">294.3<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span>The following list of Group<span class=\"_ _92\"></span> compan<span class=\"ls64 ws3fb\">ies prepared in accor<span class=\"_ _92\"></span>dance with <span class=\"ls96 ws631\">Section 245a(1) in conjunction with </span></span>Section 265(2) <span class=\"_ _2fe\"> </span>Austrian <span class=\"_ _83\"> </span>Commercial<span class=\"ls26 ws19d\"> Code (UGB) comprises VERBUND\u2019<span class=\"_ _14\"></span><span class=\"lsa2 ws76e\">s subsidiaries<span class=\"_ _92\"></span>, joint ventures </span></span>and associates<span class=\"_ _92\"></span>. In addition, this list also in<span class=\"_ _92\"></span>cludes unconsolidated subsidiaries and other jo<span class=\"_ _92\"></span>int venture<span class=\"_ _92\"></span>s and equity inter<span class=\"_ _92\"></span>ests of VERBUND not accounted for<span class=\"_ _92\"></span> using the equity method with an inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st of \u2265 20<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>List of  Group companies<span class=\"_ _333\"> </span><span class=\"_ _92\"></span> 338 Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND AG  (VH) \u2013 Hydro <span class=\"_ _50\"> </span><span class=\"fc4 ls1ab ws0\">Wien <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _4f\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span></span></span></span>Innwerk AG  (VHP<span class=\"_ _14\"></span>-IW) Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>VERBUND Hydro Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VHP) <span class=\"_ _58\"> </span><span class=\"fc4 ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">80.54 % <span class=\"_ _1e\"> </span></span></span></span></span><span class=\"ls62\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.54 % </span></span></span></span>VERBUND Innkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _1d4\"> </span><span class=\"fc4 ls37\">T\u00f6ging <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span></span></span><span class=\"ws36\">70.27 % <span class=\"_ _218\"> </span></span><span class=\"fc0\">T\u00f6ging <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span></span></span><span class=\"ws36\">70.27 % </span></span></span>Donaukraftwerk Jochenstein Aktiengese<span class=\"_ _43\"></span>llschaft Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Grenzkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _16e\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % \u00d6sterreichisch-<span class=\"_ _333\"> </span>Bay<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rische Kraftwerk<span class=\"_ _92\"></span>e Aktiengese<span class=\"_ _43\"></span>llschaft <span class=\"_ _216\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % Ennskraftwerke Aktiengese<span class=\"_ _43\"></span>llschaft Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _94\"> </span></span></span></span><span class=\"fc0\">Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH &amp; Co KG <span class=\"_ _bd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH <span class=\"_ _7\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Ashta Beteiligungs-<span class=\"_ _333\"> </span>verwaltung GmbH  (VHP<span class=\"_ _92\"></span>-AL<span class=\"_ _14\"></span>-HII) Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">50.01 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">50.01 % </span></span>Energji Ashta Shpk  <span class=\"_ _187\"> </span><span class=\"fc4 ls1d ws0\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span><span class=\"fc0 ls1d\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lestin T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen Gesellschaft m.b.H. (LESTIN) <span class=\"_ _179\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _1e\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span>339<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity Lestin &amp; Co. T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen GmbH  in liquidation Passau <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _187\"> </span><span class=\"lscc\">LESTIN <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _59\"> </span>\u2013 <span class=\"_ _b8\"> </span>\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span>Murkraftwerk Graz Errichtungs- und BetriebsgmbH <span class=\"_ _59\"> </span><span class=\"fc4 ls2f\">Gra<span class=\"_ _43\"></span>z <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span>VHP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.10 % <span class=\"_ _185\"> </span></span><span class=\"fc0\">Graz <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span></span>VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">25.10 % </span></span></span>VERBUND T<span class=\"_ _14\"></span>ourismus GmbH <span class=\"_ _94\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % <span class=\"_ _218\"> </span><span class=\"fc0 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % Manara HPP Operation Ltd. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _219\"> </span><span class=\"fc0 ls59\">Tel-Aviv <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">80.00 %<span class=\"_ _333\"> </span></span></span></span></span>340 Seg<span class=\"_ _43\"></span>men<span class=\"_ _43\"></span>t: N<span class=\"_ _43\"></span>ew renewab<span class=\"_ _43\"></span>le<span class=\"_ _43\"></span>s <span class=\"_ _302\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _c2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1cb\"> </span><span class=\"fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND Wind P<span class=\"_ _92\"></span>ower A<span class=\"_ _92\"></span>ustria GmbH (VRP<span class=\"_ _92\"></span>-A<span class=\"_ _92\"></span>T) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland GmbH (VGP<span class=\"_ _92\"></span>-DE) W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VGP) <span class=\"_ _18e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _b\"> </span></span></span></span></span><span class=\"ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> I<span class=\"_ _63\"></span>b<span class=\"_ _63\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>a<span class=\"_ _43\"></span>,<span class=\"_ _63\"></span> S.L.U. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Wind P<span class=\"_ _92\"></span>ower Romania SRL Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Windpark Dichtelbach GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></span>Infrastruktur Oberheimbach I GmbH &amp; Co. KG W\u00f6rr- stadt CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>W\u00f6rr- stadt CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>Infrastrukturgesell- schaft Bischheim GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">65.29 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.60 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland Photovoltaik GmbH Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W<span class=\"_ _92\"></span>att Development SPV 5 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL1) Pinos Puente CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 6 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL2) Pinos Puente <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _17f\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 7 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL3) <span class=\"_ _10d\"> </span><span class=\"fc4\">Valencia <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span></span></span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>341<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>I<span class=\"_ _333\"> </span>nfraestructuras de Illora S.L. Barce-<span class=\"_ _333\"> </span>lona <span class=\"_ _8\"> </span>UC VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % <span class=\"_ _16\"> </span><span class=\"fc0 ls60 ws0\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % SOLA<span class=\"_ _92\"></span>VOL<span class=\"_ _14\"></span>T<span class=\"_ _92\"></span>A Energie- und Umwelttechnik GmbH Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ay<span class=\"_ _92\"></span>amonte S.L. <span class=\"_ _55\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _162\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _1d4\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _d4\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Lusitania Renovables S.L. <span class=\"_ _127\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Anselma Issuer<span class=\"_ _14\"></span>, S.A. (VGP<span class=\"_ _92\"></span>-IB-ANI) <span class=\"_ _69\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>opacio Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Catalpa Solar<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-CAS) <span class=\"_ _f1\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _92\"></span>, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _14\"></span>TES) <span class=\"_ _ba\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green P<span class=\"_ _92\"></span>ower<span class=\"_ _43\"></span> Ren<span class=\"_ _43\"></span>ewab<span class=\"_ _43\"></span>le Projects, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-GRP) <span class=\"_ _f1\"> </span><span class=\"fc4\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Sica Desarrollos Cuerva, S.L.U. <span class=\"_ _54\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ws0\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Los Navalmorales, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Albarreal, S.L.U. <span class=\"_ _16a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos T<span class=\"_ _14\"></span>otan\u00e9s, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SDC) <span class=\"_ _154\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span></span>CS VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span>\u00e9<span class=\"_ _81\"></span>s<span class=\"_ _63\"></span> Infraestructuras Comunes, S.L. <span class=\"_ _18d\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>SDC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">38.89 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>342 Murcia Solar P<span class=\"_ _92\"></span>ark GmbH  (VGP<span class=\"_ _92\"></span>-IB-MUR) <span class=\"_ _123\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls1a\">Berlin <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baluma Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baviera Energy<span class=\"_ _80\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Blacky Energy<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-BLA) <span class=\"_ _e3\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Bolardo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Boyante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Braganza Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cairo Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Camareta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Carmesi Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cenida Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Comunidad de Bienes del Huerto Solar del Hinojar<span class=\"_ _14\"></span>, C.B. <span class=\"_ _2d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls2c\">Lorca <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>SVL <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">92.72 % </span>Cornamusa Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cruceta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cyopsa El Molino Energia Eolica, S.A.U. <span class=\"_ _1d8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>BLA <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Musas, S.L.U. <span class=\"_ _24c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _1f\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Ofion, S.L.U. (VGP<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>IB-ERO) <span class=\"_ _25\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Faballones Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Feanor Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Galadrien Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>343<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Helice Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Imai Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _11b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Koe Ene<span class=\"_ _92\"></span>rgy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _66\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lima Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Miriel Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _4a\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Mosqueton Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Nairobi Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Natera Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Obenque Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orion Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _a5\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orla Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _3c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>anol Solar<span class=\"_ _92\"></span>, S.L. <span class=\"_ _127\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">51.00 % </span>P<span class=\"_ _92\"></span>enalara Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>erdiguero Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>eregrino Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>osets Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Radar Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Reclamo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rehala Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rotor Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sentina Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sextante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stopper Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stein V<span class=\"_ _92\"></span>on Liebig Balears I, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SVL) <span class=\"_ _128\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>MUR <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>344 T<span class=\"_ _333\"> </span><span class=\"_ _14\"></span>rufa Energy<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower V<span class=\"_ _14\"></span>alderrama,<span class=\"_ _333\"> </span> S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>AL) <span class=\"_ _112\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>V<span class=\"_ _92\"></span>olateo Solar<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zelanda Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zuncho Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower Albania<span class=\"_ _333\"> </span> Sh.p.k. <span class=\"_ _303\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16d\"> </span><span class=\"ls1d\">Tirana <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31\"><span class=\"ls1d\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>PV Invest Project 3<span class=\"_ _333\"> </span> S.R.L.  <span class=\"_ _2c0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _183\"> </span><span class=\"ls33\">Sternatia <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31 ws0\"><span class=\"ls33\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head-<span class=\"_ _333\"> </span></span><span class=\"ff2f fc4 ls1d\"> </span>quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> Head-<span class=\"_ _333\"> </span> quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> VERBUND AG<span class=\"_ _333\"> </span> (VH)\u2013  Sales activities <span class=\"_ _68\"> </span><span class=\"fc4 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ws0\"><span class=\"lscc\"><span class=\"ls31\"> </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc\"><span class=\"ls31\"> </span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> Germany GmbH <span class=\"_ _190\"> </span><span class=\"fc4 ls59 ws0\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls59 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> GmbH (VEB) <span class=\"_ _5b\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Customer<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span> GmbH (VEC) <span class=\"_ _59\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _177\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Flex G<span class=\"_ _92\"></span>mbH <span class=\"_ _17\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Future<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _46\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">74.90 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls37 ws36\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS EnBW<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls62\"><span class=\"ls2f\"> </span></span>SMA-<span class=\"_ _333\"> </span>TRICS <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span><span class=\"ls2f\"> </span>SMATRIC<span class=\"_ _333\"> </span>S GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>VERBUND T<span class=\"_ _14\"></span>rading<span class=\"_ _333\"> </span> Romania S.R.L.  in liquidation<span class=\"_ _333\"> </span> Bucha-<span class=\"_ _333\"> </span> rest <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span><span class=\"ls0\"> </span>VEB<span class=\"_ _333\"> </span> VH<span class=\"_ _333\"> </span> 99.00 %<span class=\"_ _333\"> </span> 1.00 %<span class=\"_ _333\"> </span> \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span>345<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _14\"></span>rading Serbia d.o.o. -  u likvidaciji/ in liquidation Belgrade <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 E-Mobility Provider Austria GmbH<span class=\"_ _92\"></span> Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">74.90 % </span></span></span>smart Energy Services GmbH <span class=\"_ _1cd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span></span>Segment: Grid <span class=\"_ _305\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Austrian P<span class=\"_ _14\"></span>ower Grid AG (APG) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Gas Connect Austria GmbH (GC<span class=\"_ _92\"></span>A) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Austrian Gas Grid Management AG (AGGM<span class=\"_ _92\"></span>) <span class=\"_ _17d\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG) <span class=\"_ _126\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">15.53 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">15.53 % </span></span></span></span></span>AGCS Gas Clearing and Settlement A<span class=\"_ _92\"></span>G Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _1e8\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">23.13 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">23.13 % </span></span></span></span>ASGM Austrian Strategic Gas Storage Manage- ment GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _a8\"> </span><span class=\"ls31\">AGGM <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>OeMAG Abwicklungsstelle f\u00fcr \u00d6kostrom AG <span class=\"_ _190\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">24.40 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">24.40 % </span></span></span></span></span>VUM V<span class=\"_ _92\"></span>erfahren Umwelt Manage- ment GmbH Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Equigy B.<span class=\"_ _14\"></span>V<span class=\"_ _14\"></span>. Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">20.00 % </span></span></span>Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">20.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"ls0\"><span class=\"ls1d\"><span class=\"ls37 ws36\"> </span></span></span>346 All other segments:<span class=\"_ _92\"></span> Thermal gener<span class=\"_ _92\"></span>ation <span class=\"_ _306\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH &amp; Co KG Neudorf ob Wildon CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2 <span class=\"_ _187\"> </span><span class=\"fc0 ls36\">Fernitz-<span class=\"_ _333\"> </span></span>Mellach CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH (VTP GmbH) Neudorf ob Wildon <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Fernitz-<span class=\"_ _333\"> </span>Mellach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>All other segments:<span class=\"_ _92\"></span> Services <span class=\"_ _307\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND Services GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>All other segments: Equity <span class=\"_ _92\"></span>interests <span class=\"_ _290\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company <span class=\"_ _60\"> </span><span class=\"ff2f fs8 fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 Equity interests<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>KELAG-K\u00e4rntner<span class=\"_ _92\"></span> Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktiengese<span class=\"_ _43\"></span>llschaft Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">35.17 % </span>Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">35.17 % </span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH &amp;  Co. KG Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 % </span></span></span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH <span class=\"_ _2c\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"fc0\"><span class=\"ls0\"><span class=\"ls37 ws36\"> </span></span></span></span>347<span class=\"_ _1b6\"></span><span class=\"ff2b ls6e ws73\">ANNUAL<span class=\"_ _92\"></span> FINANCIAL REPORT \u2013 <span class=\"_ _92\"></span>GROUP<span class=\"ff2a ls0 ws0\"> </span></span>Other Group c<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>mpanies <span class=\"_ _308\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 All other activities<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>VERBUND Finanzierungs- service GmbH <span class=\"_ _5a\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND V<span class=\"_ _92\"></span>entures GmbH (VVE) \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>HalloSonne GmbH (HAS) <span class=\"_ _7a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span></span>VVE <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>HalloSonne PV Finanzierungs-<span class=\"_ _333\"> </span>Holding GmbH (HAF) <span class=\"_ _13a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _a8\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls106\">HAS <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>HalloSonne 1. PV V<span class=\"_ _92\"></span>ermietungs-<span class=\"_ _333\"> </span>GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls61\">HAF <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>CS = Conso<span class=\"_ _92\"></span>lidated subsidia<span class=\"_ _92\"></span>ry / EM = Investee<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>accounte<span class=\"_ _92\"></span>d for using <span class=\"ls54 ws56\">the equity method / JO = Jo<span class=\"_ _43\"></span>int operation, proportionate <span class=\"_ _43\"></span>inclus<span class=\"ls4d ws4f\">ion <span class=\"_ _43\"></span>of assets an<span class=\"_ _43\"></span>d liabiliti<span class=\"_ _43\"></span>es as well<span class=\"_ _43\"></span> as income<span class=\"_ _43\"></span> </span></span>and expenses / UC<span class=\"_ _43\"></span> = Unconsoli<span class=\"_ _43\"></span>dated entities du<span class=\"_ _43\"></span>e to immater<span class=\"_ _43\"></span>iality or lack <span class=\"_ _43\"></span>of significant in<span class=\"_ _43\"></span>fluence 1 joint ventu<span class=\"_ _43\"></span>res // 2 VERBUND Thermal Powe<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>GmbH holds an inte<span class=\"_ _92\"></span>rest of &lt; 0.01 % as a limited partner of VERBUND T<span class=\"_ _92\"></span>her<span class=\"_ _43\"></span>mal Power Gmb<span class=\"_ _92\"></span>H &amp; <span class=\"_ _43\"></span>Co KG<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls262 ws0 gs1716\">13.5<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls101 ws309\">Events after the reporting date </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws8ed gs1717\">There wer<span class=\"_ _92\"></span>e no events requiring disclosur<span class=\"_ _92\"></span>e b<span class=\"ls80 wsbc6\">etween the reporting date of 31 <span class=\"_ _89\"></span>December 2022 and </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9c ws33f gs1718\">authorisation fo<span class=\"ls70 ws204\">r issue on 16 February 2023.</span><span class=\"ls70 ws204\">  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws186 gs1719\">Vienna<span class=\"_ _92\"></span>, 16 February 2023 </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs171a\">Executive Board </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs171b\">Michael Strugl <span class=\"_ _d3\"> </span>P<span class=\"_ _92\"></span>eter F<span class=\"_ _14\"></span>. Kollmann<span class=\"_ _92\"></span> <span class=\"_ _2db\"> </span>Achim Kaspar </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 lsc8 ws850 gs171c\">Chairman of th<span class=\"_ _92\"></span>e  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls59 ws3ef gs171d\">Executive Boar<span class=\"_ _92\"></span>d of  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls37 ws3ed gs171e\">VERBUND AG </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls24 ws5d gs171f\">CFO, Member of t<span class=\"_ _92\"></span>he  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls59 ws3ef gs1720\">Executive Boar<span class=\"_ _92\"></span>d of  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls37 ws3ed gs1721\">VERBUND AG </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls5b ws3ed gs1722\">Member of the  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls59 ws3ef gs1723\">Executive Boar<span class=\"_ _92\"></span>d of  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls37 ws3ed gs1724\">VERBUND AG </div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1b7 ws0 gs1726\">14.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"lsc6 ws250\">Responsibility statement of the legal representatives </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 wsbfd gs1727\">W<span class=\"_ _92\"></span>e confirm that<span class=\"_ _92\"></span>, to the best of our<span class=\"_ _92\"></span> knowledge, th<span class=\"_ _92\"></span><span class=\"ls7e wsbfe\">e cons<span class=\"_ _43\"></span>olidated financial<span class=\"_ _43\"></span> statements of VERBUND, </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 ws881 gs1728\">prepar<span class=\"_ _92\"></span>ed in accordance with Internation<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l Financ<span class=\"ls79 ws46a\">ial Reporting Standards (IFRSs) as adopted by the </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws489 gs1729\">Eur<span class=\"_ _92\"></span>opean Union, give a true and fair<span class=\"_ _92\"></span> view of the as<span class=\"ls70 ws49f\">sets and liabilities, financ<span class=\"ls99 ws2a3\">ial position and profit or </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls19 ws20e gs172a\">loss of VERBUND<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws1b3 gs172b\">W<span class=\"_ _92\"></span>e also confirm that, t<span class=\"_ _92\"></span>o the best of our knowl<span class=\"_ _92\"></span>edge, the Grou<span class=\"_ _92\"></span>p management r<span class=\"_ _92\"></span>eport of VERBUND </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws205 gs172c\">presen<span class=\"_ _92\"></span>ts the development of the business<span class=\"_ _92\"></span>, performance of the business and position<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>of the Gr<span class=\"_ _0\"></span>oup so as </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws4df gs172d\">to give a true and fair<span class=\"_ _92\"></span> view of the assets and liabilit<span class=\"ls99 ws9e8\">ies, financial position and profit or loss of VERBUND, </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws9c2 gs172e\">and that the Gr<span class=\"_ _92\"></span>oup managemen<span class=\"_ _92\"></span>t report describes the significant risk<span class=\"_ _92\"></span>s a<span class=\"_ _43\"></span>nd uncertainties to which<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws81 gs172f\">VERBUND is exposed.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws186 gs1730\">Vienna<span class=\"_ _92\"></span>, 16 February 2023 </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs1731\">Executive Board </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs1732\">Michael Strugl <span class=\"_ _d3\"> </span>P<span class=\"_ _92\"></span>eter F<span class=\"_ _14\"></span>. Kollmann<span class=\"_ _92\"></span> <span class=\"_ _2db\"> </span>Achim Kaspar </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 lsc8 ws850 gs1733\">Chairman of th<span class=\"_ _92\"></span>e  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls59 ws3ef gs1734\">Executive Boar<span class=\"_ _92\"></span>d of  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls37 ws3ed gs1735\">VERBUND AG </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls24 ws5d gs1736\">CFO, Member of t<span class=\"_ _92\"></span>he  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls59 ws3ef gs1737\">Executive Boar<span class=\"_ _92\"></span>d of  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls37 ws3ed gs1738\">VERBUND AG </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls5b ws3ed gs1739\">Member of the  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls59 ws3ef gs173a\">Executive Boar<span class=\"_ _92\"></span>d of  </div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls37 ws3ed gs173b\">VERBUND AG </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "<div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws185 gs17\">VERBUND AG<span class=\"fs0 ls0 ws0\"> </span><span class=\"ls64 ws406\">with its r<span class=\"_ _92\"></span>egistered office at Am Hof 6a, 1010 V<span class=\"_ _92\"></span>i<span class=\"ls19 ws313\">enna</span><span class=\"ls19 ws313\">, Austria<span class=\"_ _92\"></span>, is the parent company of t<span class=\"_ _92\"></span>he<span class=\"_ _333\"> </span></span></span><span class=\"ls64 ws406\"><span class=\"ls19 ws313\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "VERBUND",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "AG",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "Am Hof 6a, 1010 V<span class=\"_ _92\"></span>i<span class=\"ls19 ws313\">enna</span>",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "V<span class=\"_ _92\"></span>i<span class=\"ls19 ws313\">enna</span>",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "Austria",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "VERBUND gener<span class=\"_ _92\"></span>ates, trad<span class=\"_ _92\"></span>es and sells electricity to m<span class=\"_ _92\"></span>arket participants fr<span class=\"_ _92\"></span>om energy exchanges<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> traders<span class=\"_ _92\"></span>, electr<span class=\"_ _43\"></span>ic utilities and industrial companie<span class=\"ls46 ws442\">s as well as household and <span class=\"lsab wsacf\">commercial customers. <span class=\"_ _87\"></span> </span></span>In addition, VERB<span class=\"_ _92\"></span>UND trades and sells gas t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> market p<span class=\"_ _92\"></span>articipants from ener<span class=\"_ _92\"></span>gy exchanges,<span class=\"_ _92\"></span> traders and<span class=\"_ _333\"> </span> household custom<span class=\"_ _92\"></span>ers and provides energy-r<span class=\"_ _92\"></span>elated services. F<span class=\"_ _92\"></span>urthermore<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> VERBUND opera<span class=\"_ _92\"></span>tes the<span class=\"_ _333\"> </span> Austrian el<span class=\"_ _92\"></span>ectr<span class=\"_ _43\"></span>icity transmission<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>network via A<span class=\"_ _92\"></span>u<span class=\"ls6b wsa6b\">stria Power Grid AG (APG) as well as the gas<span class=\"_ _333\"> </span></span><span class=\"ls6b wsa6b\"> </span>transmission and distr<span class=\"_ _43\"></span>ibution netw<span class=\"_ _43\"></span>ork via Gas Connect Austria GmbH (G<span class=\"_ _43\"></span>CA)<span class=\"_ _43\"></span>. In addition, VERBUND<span class=\"_ _333\"> </span> holds investments in Austrian an<span class=\"ls80 wsde\">d for<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ign electric utilities.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "1.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsbd ws83f\">Financial reporting p<span class=\"_ _92\"></span>rinciples<span class=\"_ _333\"> </span></span><span class=\"lsbd ws83f\"> </span>VERBUND prepar<span class=\"_ _92\"></span>es its consolidated financial statements in accord<span class=\"ls64 ws662\">ance with Section <span class=\"_ _88\"></span>245a(1) of the<span class=\"_ _333\"> </span></span><span class=\"ls64 ws662\"> </span>Austrian Co<span class=\"_ _92\"></span>mmercial Code (Unt<span class=\"_ _92\"></span>ernehmensgesetzbuch, UGB) in com<span class=\"_ _92\"></span>pliance with Intern<span class=\"_ _92\"></span>ational<span class=\"_ _333\"> </span> Fin<span class=\"_ _92\"></span>ancial Reporting Standar<span class=\"_ _92\"></span>ds (IFRSs) as endorsed by the E<span class=\"_ _92\"></span>uropean Union<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> The additional<span class=\"_ _333\"> </span>requir<span class=\"_ _0\"></span>ements of Section <span class=\"_ _87\"></span>245a(1) Austrian Co<span class=\"_ _92\"></span>mmercial <span class=\"ls64 ws3a4\">Code (UGB) were also satisfied. Th<span class=\"_ _92\"></span>e separate<span class=\"_ _333\"> </span></span><span class=\"ls64 ws3a4\"> </span>financial statem<span class=\"_ _92\"></span>ents of the subsidiaries included in<span class=\"ls33 ws24d\"> the con<span class=\"_ _92\"></span>solidated financial statemen<span class=\"_ _92\"></span>ts are based on<span class=\"_ _333\"> </span></span><span class=\"ls33 ws24d\"> </span>uniform accounting policies. T<span class=\"_ _92\"></span>he reporting date is <span class=\"ls7a ws72\">31 December 2022 for all consolidated subs<span class=\"_ _43\"></span>idiaries. </span><span class=\"ls7a ws72\"> </span>The consolidated fin<span class=\"_ _92\"></span>ancial statements ar<span class=\"_ _92\"></span>e prepar<span class=\"_ _92\"></span>ed <span class=\"ls7b ws8a9\">in thousands of eur<span class=\"_ _92\"></span>os (\u20ack) (with the exception of<span class=\"_ _333\"> </span></span><span class=\"ls7b ws8a9\"> </span>the notes to th<span class=\"_ _92\"></span>e annual financial statem<span class=\"_ _92\"></span>ents, in which amoun<span class=\"_ _92\"></span>ts are generall<span class=\"_ _92\"></span>y indicated in millions of<span class=\"_ _333\"> </span> euros (\u20acm)<span class=\"_ _92\"></span>). Rounding differen<span class=\"_ _0\"></span>ces can arise when<span class=\"_ _92\"></span><span class=\"ls70 ws5a1\"> adding rounded amounts and when calculating<span class=\"_ _333\"> </span></span><span class=\"ls70 ws5a1\"> </span>percen<span class=\"_ _92\"></span>tages.<span class=\"_ _333\"> </span>All material companies directly or <span class=\"ls80 ws566\">indirectly contr<span class=\"_ _92\"></span>olled by VERBUND <span class=\"_ _14\"></span>AG<span class=\"ls83 ws162\"> (subsidiaries) are in<span class=\"_ _92\"></span>cluded in<span class=\"_ _333\"> </span></span></span><span class=\"ls80 ws566\"><span class=\"ls83 ws162\"> </span></span>the consolidate<span class=\"_ _43\"></span>d financial statements of VERBUND by means of cons<span class=\"_ _43\"></span>olidation. Inclus<span class=\"_ _43\"></span>ion in the<span class=\"_ _333\"> </span> consolidated fin<span class=\"_ _92\"></span>ancial statements begin<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> when <span class=\"ls83 wsad6\">con<span class=\"_ _92\"></span>trol is achieved and ends when i<span class=\"_ _92\"></span>t ceases.<span class=\"_ _333\"> </span></span><span class=\"ls83 wsad6\"> </span>Subsidiaries are initia<span class=\"ls75 ws81\">lly consolidat<span class=\"_ _92\"></span>ed using the acquisition method.<span class=\"_ _333\"> </span></span>Join<span class=\"_ _92\"></span>t ventures and associa<span class=\"_ _92\"></span>tes that are dir<span class=\"_ _92\"></span>ectly or <span class=\"ls19 ws573\">indirectly substantially in<span class=\"ls71 ws4d4\">fluenced by VERBUND <span class=\"_ _14\"></span>AG<span class=\"_ _333\"> </span></span></span><span class=\"ls19 ws573\"><span class=\"ls71 ws4d4\"> </span></span>are accoun<span class=\"_ _92\"></span>ted for using the equity method. I<span class=\"_ _92\"></span>nvestees account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for using the equity m<span class=\"_ _92\"></span>ethod are<span class=\"_ _333\"> </span> recognised wit<span class=\"_ _43\"></span>h their proportional IFRS prof<span class=\"_ _43\"></span>it or loss take<span class=\"_ _43\"></span>n from (<span class=\"_ _92\"></span>conso<span class=\"_ _43\"></span>lidated) interim <span class=\"_ _43\"></span>or annual<span class=\"_ _333\"> </span> financial stat<span class=\"_ _92\"></span>ements for which the repo<span class=\"_ _92\"></span>rting date is not more than<span class=\"_ _92\"></span> three months prior to<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>VERBUND\u2019<span class=\"_ _14\"></span>s<span class=\"_ _333\"> </span> reporting da<span class=\"_ _92\"></span>te<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Intra-Gr<span class=\"_ _92\"></span>oup transactions, r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables, liabilities <span class=\"lsb3 wsad9\">and inter<span class=\"_ _92\"></span>company profits <span class=\"ls82 wsada\">are eliminat<span class=\"_ _92\"></span>ed taking<span class=\"_ _333\"> </span></span></span><span class=\"lsb3 wsad9\"><span class=\"ls82 wsada\"> </span></span>account of deferr<span class=\"_ _92\"></span>ed taxes. Wi<span class=\"_ _92\"></span>th respect to intr<span class=\"_ _92\"></span>a-Group business acquisitio<span class=\"_ _0\"></span>ns and mergers of join<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> ventures, the historical carr<span class=\"_ _43\"></span>ying amounts of the<span class=\"_ _43\"></span> acquir<span class=\"ls88 ws151\">ed entit<span class=\"_ _92\"></span>y are carried forward to th<span class=\"_ _92\"></span>e new entity, i.e<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> </span>they are n<span class=\"_ _92\"></span>ot remeasur<span class=\"_ _92\"></span>ed at fair value.<span class=\"_ _333\"> </span>In the c<span class=\"_ _92\"></span>ase of investees tha<span class=\"_ _92\"></span>t are contr<span class=\"_ _92\"></span>olled together with ano<span class=\"_ _92\"></span>ther joint operator<span class=\"_ _80\"></span>, if VERBUND has rights to the as<span class=\"_ _92\"></span>sets attributable to the in<span class=\"_ _92\"></span>vestee as well as obli<span class=\"_ _92\"></span>gations for its liabil<span class=\"_ _92\"></span>ities, VERBUND recognises its s<span class=\"_ _92\"></span>hare of the assets an<span class=\"_ _92\"></span>d liabilities and/or r<span class=\"_ _92\"></span>evenue and expenses.<span class=\"_ _333\"> </span>A list of all of VERBUND\u2019<span class=\"_ _92\"></span>s subsidiaries, joint ventur<span class=\"_ _92\"></span>es<span class=\"ls33 ws82\"> and associates is presen<span class=\"_ _92\"></span>ted in the section entitled </span>Group struct<span class=\"_ _92\"></span>ure. The gr<span class=\"_ _92\"></span>oup of subsidiaries, joint ven<span class=\"_ _92\"></span>tures and associates in<span class=\"_ _92\"></span>cluded in the consolidated financial statements changed <span class=\"_ _92\"></span>as follo<span class=\"ls83 ws45\">ws in the 2022 reporting period:<span class=\"_ _333\"> </span></span>Basis of consolidation <span class=\"_ _1ea\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _18c\"> </span>  <span class=\"_ _97\"> </span>  </span>Consolidation <span class=\"_ _184\"> </span><span class=\"ws22\">Accounted f<span class=\"_ _92\"></span>or using </span>the equity method Accounted for as<span class=\"_ _0\"></span> a joint operation As at 31/12/2021 <span class=\"_ _13\"> </span><span class=\"ls0 ws0\">30 <span class=\"_ _1eb\"> </span>8 <span class=\"_ _14e\"> </span>1 </span>Additions from ne<span class=\"_ _92\"></span>wly formed entities <span class=\"_ _16b\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _146\"> </span><span class=\"ls0 ws0\">9 <span class=\"_ _1eb\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>Other additions <span class=\"_ _100\"> </span><span class=\"ls0 ws0\">5 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>Disposals by means of merger <span class=\"_ _1ec\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>1 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>As at 31/12/20<span class=\"_ _43\"></span>22 <span class=\"_ _1ed\"> </span><span class=\"ls18 ws0\">45 <span class=\"_ _1a8\"> </span><span class=\"ls17\">8 <span class=\"_ _181\"> </span>1 </span></span>of which domestic companies <span class=\"_ _4e\"> </span>16 <span class=\"_ _1a8\"> </span>7 <span class=\"_ _14e\"> </span>1 of which foreign companies <span class=\"_ _2e\"> </span><span class=\"ls0 ws0\">29 <span class=\"_ _1a8\"> </span>1 <span class=\"_ _14e\"> </span>0</span><span class=\"ls0 ws0\"> </span>VERBUND V<span class=\"_ _14\"></span>entur<span class=\"_ _92\"></span>es GmbH and VERBUND Green P<span class=\"_ _92\"></span>ower Iberia <span class=\"_ _87\"></span>S<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span>L.U. wer<span class=\"_ _92\"></span>e newly established an<span class=\"_ _92\"></span>d consolidated for the first time in financial year 2022.  In the course of an<span class=\"_ _92\"></span> acquisition, the following nine<span class=\"ls64 ws403\"> Spanish companies wer<span class=\"_ _92\"></span>e included in<span class=\"_ _43\"></span> the basis of </span>consolidation for t<span class=\"_ _43\"></span>he first time (s<span class=\"_ _43\"></span>ee Business acqu<span class=\"_ _43\"></span><span class=\"ls19 wsadf\">isitions): Anselma Issuer<span class=\"_ _80\"></span><span class=\"ls176 wsae0\">, S.A<span class=\"_ _43\"></span>.; Sica De<span class=\"_ _43\"></span>sarrollos </span></span>T<span class=\"_ _14\"></span>otan\u00e9s, S<span class=\"_ _14\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Sica Desarr<span class=\"_ _92\"></span>ollos Albarre<span class=\"_ _92\"></span>al, S.L.U<span class=\"_ _92\"></span>.; Sica Desarr<span class=\"_ _92\"></span>ollos Cu<span class=\"_ _92\"></span>er<span class=\"_ _43\"></span>va, S<span class=\"_ _92\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Sica <span class=\"_ _92\"></span>Desarrollos Los N<span class=\"_ _92\"></span>avalmor<span class=\"_ _92\"></span>ales, S.L.U<span class=\"_ _92\"></span>.; T<span class=\"_ _14\"></span>opacio Energy, S<span class=\"_ _92\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Catalpa So<span class=\"_ _92\"></span>lar<span class=\"_ _14\"></span>, S.L.U<span class=\"_ _92\"></span>.; T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _14\"></span>, S.L.U<span class=\"_ _92\"></span>.; and VERBUND Green P<span class=\"_ _92\"></span>ower Renewabl<span class=\"_ _92\"></span>e Projects<span class=\"_ _92\"></span>, S.L.U<span class=\"_ _92\"></span>. The other additions show the five companies \u2013 Par<span class=\"_ _92\"></span>que E\u00f3lico Buse<span class=\"_ _43\"></span>co<span class=\"_ _92\"></span>, S.L<span class=\"_ _43\"></span>., Par<span class=\"_ _92\"></span>que E\u00f3lico L<span class=\"_ _43\"></span>oma de los Pinos<span class=\"_ _92\"></span>, S.L., Par<span class=\"_ _92\"></span>que E\u00f3lico El B<span class=\"_ _92\"></span>arroso<span class=\"_ _92\"></span>, S.L., Par<span class=\"_ _92\"></span>que E\u00f3lico A<span class=\"_ _14\"></span>yamonte<span class=\"_ _92\"></span>, S.L. and Lusitani<span class=\"_ _92\"></span>a Renovables<span class=\"_ _92\"></span>, S.L. \u2013 that were included in the basis of cons<span class=\"_ _43\"></span>olidation for th<span class=\"ls6f wsda\">e first time as part of an acquisition o<span class=\"_ _92\"></span>f assets.  </span>VERBUND <span class=\"_ _89\"></span>AG tr<span class=\"_ _92\"></span>ansferred its limi<span class=\"ls7d ws96b\">ted partnership inte<span class=\"ls95 wsae2\">rest (100.0 <span class=\"_ _89\"></span>%) in VERBUND Green P<span class=\"_ _92\"></span>ower </span></span>H<span class=\"_ _92\"></span>unsr\u00fcck GmbH &amp; Co<span class=\"_ _92\"></span>. KG to its gener<span class=\"_ _92\"></span>al partner VERBUND Green P<span class=\"_ _92\"></span>ower Deutschland GmbH<span class=\"_ _92\"></span> by way of a contribution agr<span class=\"_ _92\"></span>eement dated 18 <span class=\"_ _89\"></span>July 2022. As a r<span class=\"_ _92\"></span>esult of the tr<span class=\"_ _92\"></span>ansfer<span class=\"_ _14\"></span>, VERBUND Gr<span class=\"_ _92\"></span>een Power H<span class=\"_ _92\"></span>unsr\u00fcck GmbH &amp; Co<span class=\"_ _92\"></span>. KG ceased t<span class=\"_ _92\"></span>o ex<span class=\"_ _43\"></span>ist and its assets an<span class=\"_ _92\"></span>d liabilities were tran<span class=\"_ _92\"></span>sferred to VERBUND Green P<span class=\"_ _92\"></span>ower Deutschland GmbH. I<span class=\"_ _92\"></span>n a further step<span class=\"_ _92\"></span>, VERBUND <span class=\"_ _92\"></span>AG contributed its sh<span class=\"_ _92\"></span>ares in VERBUND Green Power Deutschland GmbH as well as its limited <span class=\"ls72 ws5d1\">partnersh<span class=\"_ _43\"></span>ip interest in Infrastrukturgesellschaft </span>Bischheim Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _92\"></span>G and Infras<span class=\"_ _92\"></span>truktur Oberheimbach I Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _14\"></span>G to VERBUND Green Power GmbH (<span class=\"_ _43\"></span>VGP). The acquisit<span class=\"_ _43\"></span>ion of a non-controlling interest in Infrastrukturges<span class=\"_ _43\"></span>ellschaft Bischheim Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _92\"></span>G increases VERB<span class=\"_ _92\"></span>UND Green Pow<span class=\"_ _92\"></span>er GmbH\u2019<span class=\"_ _14\"></span>s stake in this compa<span class=\"_ _92\"></span>ny to around 80.6 %.<span class=\"_ _333\"> </span>Acquisition of an operationa<span class=\"_ _92\"></span><span class=\"lsff ws5b4\">l renewables portfolio and de<span class=\"_ _92\"></span>velopment platform in Spain </span>VERBUND acquir<span class=\"_ _92\"></span>ed a p<span class=\"_ _43\"></span>ortfolio of Spanish project co<span class=\"_ _92\"></span><span class=\"ls46 ws356\">mpanie<span class=\"_ _43\"></span>s effective 28 <span class=\"_ _92\"></span>July 2022 (nine of which wer<span class=\"_ _92\"></span>e </span>included in the bas<span class=\"_ _43\"></span>is of consolidation;<span class=\"_ _43\"></span> see Basis of cons<span class=\"_ _43\"></span>olidation) from the Q-Energ<span class=\"_ _43\"></span>y Group<span class=\"_ _92\"></span>. <span class=\"_ _8a\"></span> The considera<span class=\"_ _92\"></span>tion transferred for the <span class=\"_ _92\"></span>acquisition of the companies amo<span class=\"_ _92\"></span>unted to approxima<span class=\"_ _92\"></span>tely \u20ac509.9m, taking into accoun<span class=\"_ _92\"></span>t a cash payment and <span class=\"lsbc wsad8\">the assumption of r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ciprocal r<span class=\"_ _92\"></span>eceivables and </span>liabilities<span class=\"_ _92\"></span>. As part of the transaction, VERB<span class=\"_ _92\"></span>UND entered into the outstan<span class=\"_ _92\"></span>ding upstream l<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>ans in the amount of approximately \u20ac73.3<span class=\"_ _92\"></span>m (loans payable fr<span class=\"ls80 ws274\">om VERBUND\u2019<span class=\"_ _14\"></span>s perspective) and shareholder loans </span>in the amount of ar<span class=\"_ _92\"></span>ound \u20ac76.2m (loans re<span class=\"ls79 ws190\">ceivable from VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s perspe<span class=\"_ _43\"></span>ctive).  </span>In the tr<span class=\"_ _92\"></span>ansaction, an opera<span class=\"_ _92\"></span>ting photovoltaic (PV)<span class=\"_ _43\"></span> portfolio<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>with total installed c<span class=\"_ _92\"></span>apacity of 82 <span class=\"_ _14\"></span>MW<span class=\"_ _92\"></span>p and an extensive de<span class=\"_ _92\"></span>velopment platform (wind and PV projects) <span class=\"_ _92\"></span>were acquired alo<span class=\"_ _92\"></span>ng with a development te<span class=\"_ _92\"></span>am. The projects <span class=\"_ _92\"></span>are being implemen<span class=\"_ _92\"></span>ted in different regio<span class=\"_ _92\"></span>ns of Spain. On the basis o<span class=\"_ _92\"></span>f the planned capacity, the ge<span class=\"_ _92\"></span>ographic focus of the projects li<span class=\"_ _0\"></span>es in the Castil<span class=\"_ _92\"></span>la-La Mancha r<span class=\"_ _92\"></span>egion (cen<span class=\"_ _92\"></span>tral Spain) and in Andalusia (southern S<span class=\"_ _92\"></span>pain). The trans<span class=\"_ _92\"></span>action will help to implemen<span class=\"_ _92\"></span>t the VERBUND Group<span class=\"_ _14\"></span>\u2019<span class=\"_ _14\"></span>s current strat<span class=\"_ _92\"></span>egy through an in<span class=\"_ _92\"></span>tense build-up and further expansi<span class=\"_ _92\"></span>on of the renewabl<span class=\"_ _92\"></span>e generation portfol<span class=\"_ _92\"></span>io, as well as to diver<span class=\"_ _92\"></span>sify with respect to m<span class=\"_ _92\"></span>arkets and technol<span class=\"_ _92\"></span>ogies in selected Europe<span class=\"_ _92\"></span>an countries. This in t<span class=\"_ _92\"></span>urn will improve <span class=\"_ _92\"></span>the risk profile and build on a position of strength<span class=\"_ _43\"></span> for renewable generation technologie<span class=\"_ _43\"></span>s on the Iber<span class=\"_ _43\"></span>ian Peninsula. The acquired co<span class=\"_ _92\"></span>mpanies have been<span class=\"_ _92\"></span> allocated to the New r<span class=\"_ _92\"></span>enewables segment<span class=\"_ _92\"></span>.  The final fair values of the identifiable a<span class=\"_ _43\"></span>ssets an<span class=\"ls9c wsae9\">d liabilities were broken down as follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>s at the </span>acquisition date:<span class=\"_ _333\"> </span>Assets acquire<span class=\"_ _92\"></span>d and liabilities assumed \u20acm Acquisition date fair value Intangible assets <span class=\"_ _92\"></span>and property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t <span class=\"_ _1ee\"> </span><span class=\"ff2f ls18 ws0\">808.1 </span>Right-of-use assets <span class=\"_ _1ef\"> </span><span class=\"ff2f ls49 ws0\">13.4 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _1dc\"> </span><span class=\"ff2f ls18 ws0\">101.4 </span>deferred tax assets <span class=\"_ _1f0\"> </span><span class=\"ff2f ls49 ws0\">23.6 </span>T<span class=\"_ _14\"></span>rade receivables and o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current assets1 <span class=\"_ _1f1\"> </span><span class=\"ff2f ls49\">53.5 </span>Cash and cash equivalents <span class=\"_ _1f2\"> </span><span class=\"ff2f ls29 ws0\">31.4 </span>T<span class=\"_ _14\"></span>otal assets acquired<span class=\"_ _92\"></span> <span class=\"_ _1f3\"> </span><span class=\"ff2c ls18 ws0\">1,031.4 </span>Non-current financial liabilities <span class=\"_ _1f4\"> </span><span class=\"ff2f ls18 ws0\">394.5 </span>Other non-current liabilities and pro<span class=\"_ _92\"></span>visions <span class=\"_ _1f5\"> </span><span class=\"ff2f ls18 ws0\">98.8 </span>Deferred ta<span class=\"ls45 ws44\">x liabilities <span class=\"_ _1f6\"> </span><span class=\"ff2f ls18 ws0\">165.4 </span></span>Current financial liabilities <span class=\"_ _1f7\"> </span><span class=\"ff2f ls18 ws0\">18.4 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other currents liabilities <span class=\"_ _1f8\"> </span><span class=\"ff2f ls18 ws0\">16.8 </span>T<span class=\"_ _14\"></span>otal liabilities assumed <span class=\"_ _1f9\"> </span><span class=\"ff2c ls18 ws0\">694.0 </span>T<span class=\"_ _14\"></span>otal identifiable net assets at f<span class=\"_ _92\"></span>air value (100 %) <span class=\"_ _1fa\"> </span><span class=\"ff2c ls18 ws0\">337.4 </span>Goodwill <span class=\"_ _1fb\"> </span><span class=\"ff2f ls18\">172.6 </span>T<span class=\"_ _14\"></span>otal consideration transferred <span class=\"_ _1fc\"> </span><span class=\"ff2c ls18 ws0\">509.9 </span>of which in cash <span class=\"_ _1fd\"> </span><span class=\"ff2f ls18 ws0\">512.8 </span>of which loans pay<span class=\"_ _92\"></span>able to previous shareholders<span class=\"_ _92\"></span> <span class=\"_ _1fe\"> </span><span class=\"ff2f ls31 ws0\">73.3 </span>of which loans receivable from previous shareholder<span class=\"_ _92\"></span>s <span class=\"_ _4\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>76.2 </span>1 For trade rec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ivables and current<span class=\"_ _92\"></span> other receivables, the carry<span class=\"_ _92\"></span>ing amounts represented a reali<span class=\"_ _92\"></span>st<span class=\"_ _43\"></span>ic estimate of<span class=\"_ _92\"></span> their fair value<span class=\"ls1f4 wsaea\">s (due to the short maturities)<span class=\"_ _43\"></span>; they also correspond </span>to the gross value of the receivables.<span class=\"_ _333\"> </span>Goodwill in the amount of \u20ac172.6m can be attributed<span class=\"ls80 ws69e\"> in particular to future development projects </span>(that wer<span class=\"_ _92\"></span>e not separately iden<span class=\"_ _92\"></span>tifiable during the pur<span class=\"_ _92\"></span>chase price allocation), to th<span class=\"_ _92\"></span>e platform value of the acquired emplo<span class=\"_ _92\"></span>yee base, and to deferr<span class=\"_ _92\"></span>ed tax liabilities recognisa<span class=\"_ _0\"></span>ble in accor<span class=\"_ _92\"></span>dance with IFRS 3. VERBUND\u2019<span class=\"_ _14\"></span>s new subsidiaries contri<span class=\"ls80 ws8f6\">buted \u20ac1<span class=\"_ _43\"></span>3.0m to VERBUND\u2019<span class=\"_ _14\"></span>s reve<span class=\"ls67 ws739\">nue fro<span class=\"_ _92\"></span>m the time of initial </span></span>consolidation to the 31 <span class=\"_ _14\"></span>December 2022 reporting dat<span class=\"ls7d ws284\">e; their contribution to VERBUND\u2019<span class=\"_ _14\"></span>s profit for the </span>period was \u20ac\u2013 <span class=\"fs2 ls6b ws6f6\">37.8m. If the b<span class=\"_ _92\"></span>usiness acquisition had taken place at the beginni<span class=\"_ _92\"></span>ng of the reporting </span>period, the new subsidiaries would hav<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span><span class=\"ls80 ws2a0\"> contributed \u20ac50.7m in r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>venue and \u20ac\u2013<span class=\"fs9 ls0 ws0\"> </span><span class=\"lsab ws531\">52.8m in net pr<span class=\"_ _92\"></span>ofit for </span></span>the period to the corr<span class=\"_ _92\"></span>esponding line items of VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s income statem<span class=\"_ _92\"></span>ent. In light of the complexity<span class=\"_ _43\"></span> of the accounting policy issues in conne<span class=\"_ _43\"></span>ction with<span class=\"_ _43\"></span> this transaction and the fact that it took place cl<span class=\"_ _92\"></span>ose to the reporting date<span class=\"_ _92\"></span>, the initial accounting tr<span class=\"_ _92\"></span>eatment of this busines<span class=\"_ _92\"></span>s acquisition was classified as \u201c<span class=\"_ _92\"></span>provision<span class=\"_ _92\"></span>al\u201d in the <span class=\"ls75 ws703\">interim consolidated fin<span class=\"_ _92\"></span>ancial statements published </span>since 28 <span class=\"_ _14\"></span>July 2022. As a<span class=\"_ _92\"></span>t 31 <span class=\"_ _14\"></span>D<span class=\"_ _43\"></span>ecember 2022, adjustme<span class=\"ls46 ws8e0\">nts wer<span class=\"_ _92\"></span>e made to the preliminary purchase price </span>allocation fo<span class=\"_ _92\"></span>r the measuremen<span class=\"_ _92\"></span>t of right-of-use assets as defined under<span class=\"_ _92\"></span> IFRS <span class=\"_ _92\"></span>16, the detailed allocatio<span class=\"_ _92\"></span>n of the fair values o<span class=\"_ _92\"></span>f financial liab<span class=\"ls80 wsf1\">ilities and receivables, the an<span class=\"_ _92\"></span>alysis<span class=\"_ _43\"></span><span class=\"ls26 ws641\"> of pro<span class=\"_ _92\"></span>vision requirements and th<span class=\"_ _92\"></span>e </span></span>presen<span class=\"_ _92\"></span>tation of equity interests<span class=\"_ _92\"></span>. This completes the pur<span class=\"_ _92\"></span>chase price allocation<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span>Effect of <span class=\"_ _92\"></span>the adjustment on the acquir<span class=\"_ _92\"></span>ed assets and liabilities classified as \u201cpro<span class=\"_ _92\"></span>visional\u201d <span class=\"_ _1ff\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Intangible assets <span class=\"_ _92\"></span>and property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t <span class=\"_ _1ee\"> </span><span class=\"ff2f ls18 ws0\">397.0 </span>Right-of-use assets <span class=\"_ _1ef\"> </span><span class=\"ff2f ls49 ws0\">13.4 </span>Other equity interests <span class=\"_ _200\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">315.4 </span></span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _201\"> </span><span class=\"ff2f ls18 ws0\">1.2 </span>Deferred tax assets <span class=\"_ _202\"> </span><span class=\"ff2f ls18 ws0\">6.8 </span>T<span class=\"_ _14\"></span>rade receivables and o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current assets<span class=\"_ _92\"></span> <span class=\"_ _153\"> </span><span class=\"ff2f ls18 ws0\">26.5 </span>Cash and cash equivalents <span class=\"_ _1f3\"> </span><span class=\"ff2f ls18 ws0\">0.5 </span>T<span class=\"_ _14\"></span>otal assets acquired<span class=\"_ _92\"></span> <span class=\"_ _203\"> </span><span class=\"ff2c ls18 ws0\">130.0 </span>Non-current financial liabilities <span class=\"_ _204\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1.4 </span></span>Other non-current liabilities and pro<span class=\"_ _92\"></span>visions <span class=\"_ _1f5\"> </span><span class=\"ff2f ls18 ws0\">15.5 </span>Deferred ta<span class=\"ls45 ws44\">x liabilities <span class=\"_ _1f6\"> </span><span class=\"ff2f ls18 ws0\">109.6 </span></span>Current financial liabilities <span class=\"_ _200\"> </span><span class=\"ff2f ls18 ws0\">1.7 </span>T<span class=\"_ _14\"></span>rade payables <span class=\"_ _92\"></span>and other current liabilities <span class=\"_ _1d6\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">12.4 </span></span>T<span class=\"_ _14\"></span>otal liabilities assumed <span class=\"_ _1f9\"> </span><span class=\"ff2c ls18 ws0\">113.0 </span>T<span class=\"_ _14\"></span>otal identifiable net assets at f<span class=\"_ _92\"></span>air value (100 %) <span class=\"_ _206\"> </span><span class=\"ff2c ls18 ws0\">17.0 </span>Goodwill <span class=\"_ _207\"> </span><span class=\"ff2f ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">17.0<span class=\"_ _333\"> </span></span></span>In the separ<span class=\"_ _92\"></span>ate financial statemen<span class=\"_ _92\"></span>ts of Group companies<span class=\"_ _92\"></span>, all transactions deno<span class=\"_ _92\"></span>minated in foreign currency ar<span class=\"_ _92\"></span>e measured at the spot ex<span class=\"_ _92\"></span>change rat<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> on the trans<span class=\"_ _92\"></span>action date. M<span class=\"_ _92\"></span>onetar<span class=\"_ _43\"></span>y balance sheet it<span class=\"_ _92\"></span>ems are subsequen<span class=\"_ _92\"></span>tly measured at the r<span class=\"_ _92\"></span>espective spot exchan<span class=\"_ _92\"></span>ge rate at the r<span class=\"_ _92\"></span>eporting date. Exch<span class=\"_ _92\"></span>ange gains and losses are r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cognised through profit or loss under other financial result.  The Gr<span class=\"_ _92\"></span>oup\u2019<span class=\"_ _14\"></span>s r<span class=\"_ _92\"></span>eporting currency is the eur<span class=\"_ _92\"></span>o. The fun<span class=\"_ _92\"></span>ctional currency of VERB<span class=\"_ _92\"></span>UND <span class=\"_ _121\"></span>AG, the<span class=\"_ _92\"></span> consolidated subsidiaries (with <span class=\"_ _0\"></span>the exception of <span class=\"ls7d ws21e\">VERB<span class=\"_ _92\"></span>UND Wind Power Romania SRL) and all investees </span>accounted for usin<span class=\"_ _92\"></span>g the equity method is the eur<span class=\"_ _92\"></span>o.<span class=\"_ _92\"></span> For the consolida<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d financial sta<span class=\"_ _92\"></span>tements of VERBUND, the an<span class=\"_ _92\"></span>nual financial statemen<span class=\"_ _92\"></span>ts of the Romanian subsidiary are <span class=\"_ _92\"></span>translated into<span class=\"_ _92\"></span> euros using the function<span class=\"_ _92\"></span>al currency method.<span class=\"_ _333\"> </span>Assets and liabi<span class=\"_ _92\"></span>lities of foreign <span class=\"_ _92\"></span>Group companies with a fun<span class=\"_ _92\"></span>ctional curren<span class=\"_ _92\"></span>c<span class=\"_ _43\"></span>y other than th<span class=\"_ _92\"></span>e euro ar<span class=\"_ _92\"></span>e translat<span class=\"_ _92\"></span>ed using the for<span class=\"_ _92\"></span>eign exchange r<span class=\"_ _92\"></span>eference ra<span class=\"_ _92\"></span>te of the Eur<span class=\"_ _92\"></span>opean Central<span class=\"_ _92\"></span> Bank (ECB) or exchan<span class=\"_ _92\"></span>ge rates publ<span class=\"_ _92\"></span>ished by local na<span class=\"_ _92\"></span>tional central b<span class=\"_ _92\"></span>anks prevailing a<span class=\"_ _92\"></span>t the reporting da<span class=\"_ _92\"></span>te. Income and ex<span class=\"_ _92\"></span>penses are tr<span class=\"_ _92\"></span>anslated at a<span class=\"_ _92\"></span>verage mon<span class=\"_ _92\"></span>thly exchange r<span class=\"_ _92\"></span>ates. Differ<span class=\"_ _92\"></span>ences arising from tr<span class=\"_ _92\"></span>anslation at ex<span class=\"_ _92\"></span>change rate<span class=\"_ _92\"></span>s prevail<span class=\"_ _92\"></span>ing at the reporting da<span class=\"_ _92\"></span>te are recognised in o<span class=\"_ _92\"></span>ther comprehensive income and sho<span class=\"_ _92\"></span>wn as a separate item in equity.  The exchan<span class=\"_ _92\"></span>ge rates underlying <span class=\"_ _92\"></span>the currency translatio<span class=\"_ _92\"></span>n changed as follows:<span class=\"_ _333\"> </span>Foreign e<span class=\"_ _92\"></span>xch<span class=\"_ _43\"></span>ange rates used for currency translation <span class=\"_ _208\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _75\"> </span>  <span class=\"_ _185\"> </span><span class=\"fc4 ls159\">31/1<span class=\"_ _43\"></span>2/2021 <span class=\"_ _134\"> </span></span><span class=\"ff2c ls1eb\">31/12/2<span class=\"_ _43\"></span>022 <span class=\"_ _5f\"> </span></span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Country <span class=\"_ _209\"> </span><span class=\"ff2f ls5d\">Currency <span class=\"_ _94\"> </span><span class=\"fc4 ls1a ws24\">Closing rate <span class=\"_ _94\"> </span><span class=\"fc0\">Closing rate <span class=\"_ _17c\"> </span></span><span class=\"ws68\">A<span class=\"_ _92\"></span>verage rate <span class=\"_ _5d\"> </span><span class=\"fc0\">A<span class=\"_ _92\"></span>verage rate </span></span></span></span>Romania <span class=\"_ _20a\"> </span><span class=\"ls62 ws64\">\u20ac1 = RON <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">4.9481 <span class=\"_ _59\"> </span></span><span class=\"ff2f ls18\">4.9474 <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">4.9202 <span class=\"_ _6c\"> </span></span><span class=\"ff2f ls18\">4.9346<span class=\"_ _333\"> </span></span>Regulatory assets and lia<span class=\"_ _92\"></span>bilities result fro<span class=\"_ _92\"></span>m temporarily higher/lo<span class=\"_ _92\"></span>wer revenue due to the g<span class=\"_ _92\"></span>rid tariffs set by the r<span class=\"_ _92\"></span>egulator<span class=\"_ _14\"></span>. Wi<span class=\"_ _92\"></span>th its Grid operating segme<span class=\"_ _92\"></span>nt, <span class=\"fs2 ls7d\">VERBUND</span> <span class=\"fs2 ls1f7 wsaef\">is subject to such a<span class=\"_ _43\"></span> rate stru<span class=\"_ _43\"></span>cture <span class=\"_ _92\"></span>regulated </span>by Energi<span class=\"_ _92\"></span>e-Control A<span class=\"_ _92\"></span>ustria f\u00fcr die Regulierung der Elek<span class=\"_ _92\"></span><span class=\"lsab ws64a\">trizit\u00e4ts- und Erdgaswirtschaft (E-Control). If th<span class=\"_ _92\"></span>e </span>general criteria for recognitio<span class=\"_ _43\"></span>n under IFRSs are not met, neit<span class=\"_ _43\"></span>her regulatory assets nor<span class=\"_ _43\"></span> regulatory liabilities ar<span class=\"_ _92\"></span>e recognised in the consolida<span class=\"_ _92\"></span>ted financial statemen<span class=\"_ _92\"></span>ts of VERBUND.  <div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls128 ws2f7 gsdc\">Regulatory assets </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls105 ws49b gsdd\">and liabilities </div>In the 2022 r<span class=\"_ _92\"></span>eporting pe<span class=\"_ _43\"></span>riod, the fo<span class=\"ls79 ws2ba\">llowing new or amended standar<span class=\"_ _92\"></span>ds <span class=\"ls9c ws860\">and interpretations had to be </span></span>applied for the f<span class=\"_ _92\"></span>irst time or we<span class=\"ls96 ws5b\">re applied early by VERBUND: </span><span class=\"ls96 ws5b\"> </span>Newly app<span class=\"_ _92\"></span>licable or applied acc<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>unting standar<span class=\"_ _92\"></span>ds <span class=\"_ _1bf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Standard or interpretation Published  by the IASB  (endorsed  by the EU) Mandatory application  for VERBUND Material effects on the consolidated interim financial statements of VERBUND IFRS 3 <span class=\"_ _7\"> </span><span class=\"ls1d ws1e\">Business Combinations \u2013 </span>Reference to the  Conceptual Framewo<span class=\"_ _92\"></span>rk 14/5/2020 (28/6/2021) 1/1/2022 <span class=\"_ _20b\"> </span>None IAS 16 <span class=\"_ _8\"> </span><span class=\"ls1ab wsac2\">Amendment:  </span>Proceeds before I<span class=\"_ _92\"></span>ntended Use 14/5/2020 (28/6/2021) 1/1/2022 <span class=\"_ _20b\"> </span>None IAS 37 <span class=\"_ _8\"> </span><span class=\"ls1ab wsac2\">Amendment:  </span>Onerous Contracts \u2013  Cost of Fulfilling a Contract 14/5/2020 (28/6/2021) 1/1/2022 <span class=\"_ _20b\"> </span>None <div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls10e ws464 gs12a\">Newly applicable or </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsfb ws2f9 gs12b\">applied accounting </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls7f ws0 gs12c\">standards </div>1 basis: EU Endorseme<span class=\"_ _92\"></span>nt Status Report from 22 December 2022<span class=\"_ _333\"> </span>The impact of clim<span class=\"_ _92\"></span>ate change on the m<span class=\"_ _92\"></span>easurement of<span class=\"_ _92\"></span> VERBUND\u2019<span class=\"_ _14\"></span>s assets is evaluated <span class=\"_ _92\"></span>at regular intervals, using<span class=\"_ _92\"></span> scenarios that focus on meteor<span class=\"_ _92\"></span>ology and hydro<span class=\"_ _92\"></span>logy. The climate-based scenario analysis dir<span class=\"_ _92\"></span>ectly affects VERBUND\u2019<span class=\"_ _14\"></span>s strat<span class=\"_ _92\"></span>egy in that the in<span class=\"_ _92\"></span>vestment progr<span class=\"_ _92\"></span>amme focuses on the construction of r<span class=\"_ _92\"></span>egenerative po<span class=\"_ _92\"></span>wer plants, the <span class=\"_ _92\"></span>expansion of transmission<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>systems and st<span class=\"_ _92\"></span>eps to increase efficiency at existing power <span class=\"_ _92\"></span>plants. No<span class=\"_ _92\"></span> significant measur<span class=\"_ _92\"></span>ement effects as a r<span class=\"_ _92\"></span>esult of changes in<span class=\"_ _92\"></span> <span class=\"_ _85\"></span> the quantities r<span class=\"_ _92\"></span>elevant for energy pr<span class=\"_ _92\"></span>oduction have <span class=\"_ _92\"></span><span class=\"ls83 ws4fd\">been identified to date in connection with the </span>evaluated clim<span class=\"_ _92\"></span>ate scenarios. Es<span class=\"_ _92\"></span>timates and assumptio<span class=\"_ _92\"></span>ns made when the target<span class=\"_ _92\"></span>ed carbon neutrality is<span class=\"_ _92\"></span> implement<span class=\"_ _92\"></span>ed politically in the gas secto<span class=\"_ _92\"></span>r influence the measur<span class=\"_ _92\"></span>ement of r<span class=\"_ _92\"></span>elevant assets<span class=\"_ _92\"></span>. The beginning of hostilities on th<span class=\"ls7d ws766\">e part of R<span class=\"_ _92\"></span>ussian forces in Ukra<span class=\"ls64 ws430\">ine in Fe<span class=\"_ _92\"></span>bruar<span class=\"_ _43\"></span>y <span class=\"_ _87\"></span>2022 repr<span class=\"_ _92\"></span>esents a </span></span>watershed even<span class=\"_ _92\"></span>t. The potential<span class=\"_ _92\"></span> financial impact on VERBUND\u2019<span class=\"_ _14\"></span>s assets was an<span class=\"_ _92\"></span>alysed in the course of preparing the <span class=\"_ _92\"></span>consolidated financial stat<span class=\"_ _92\"></span>ements for the period ended 31 <span class=\"_ _89\"></span>December 20<span class=\"_ _92\"></span>22. Higher electricity and gas prices comp<span class=\"_ _92\"></span>ared with the previous <span class=\"ls76 ws1cb\">ye<span class=\"_ _92\"></span>ar as well as the increase in the co<span class=\"_ _92\"></span>st of capital </span>had direct effec<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s on asset mea<span class=\"_ _92\"></span>surement. The <span class=\"_ _92\"></span>updating of these parameter<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> res<span class=\"_ _92\"></span>ulted in changes in the value of assets recognised b<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> VERBUND as at 31 <span class=\"_ _14\"></span><span class=\"ls46 ws52f\">December 2022 (see section <span class=\"_ _92\"></span>3.<span class=\"ls78 ws800\">2.10 Impairment losses </span></span>and revers<span class=\"_ _92\"></span>als of impairment losses in the opera<span class=\"_ _92\"></span>tin<span class=\"ls78 ws82b\">g result and section <span class=\"_ _80\"></span>3.2.16.<span class=\"ls69 wsaf3\"> Impairment losses and </span></span>reversals of impairment losses in the financial result).  In addition to<span class=\"_ _92\"></span> the changes in the energy indu<span class=\"_ _92\"></span>str<span class=\"_ _43\"></span>y enviro<span class=\"_ _92\"></span>nment, the effects of the <span class=\"_ _92\"></span>war in Ukraine in<span class=\"_ _92\"></span> financial year 2022 particularly impacted the gas <span class=\"ls0 ws11c\">network oper<span class=\"_ _92\"></span>ating subsidiar<span class=\"_ _43\"></span>y Gas Connect Austria </span>GmbH (GCA) and the investm<span class=\"_ _92\"></span>ent in Trans Aus<span class=\"_ _92\"></span>tria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG). The tigh<span class=\"_ _92\"></span>t gas supply led to rapidly rising en<span class=\"_ _92\"></span>ergy prices, which made the o<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>eratio<span class=\"_ _92\"></span>n <span class=\"ls13a wsaf4\">of the gas grid consider<span class=\"_ _92\"></span>ably mor<span class=\"_ _92\"></span>e expensive. The<span class=\"_ _92\"></span> </span>aspired filli<span class=\"_ _92\"></span>ng of gas storage facilities <span class=\"_ _92\"></span>and the newly intr<span class=\"_ _92\"></span>oduced volume-based charge to co<span class=\"_ _92\"></span>ver additional energy co<span class=\"_ _92\"></span>sts had a stabilising effect on the grid b<span class=\"_ _92\"></span>usiness. The developmen<span class=\"_ _92\"></span>t of the war in Ukrain<span class=\"_ _92\"></span>e is expected to contin<span class=\"_ _92\"></span>ue to have a <span class=\"_ _92\"></span>significant impact on<span class=\"_ _92\"></span> the energy market<span class=\"_ _92\"></span>. Uncertainties exist mainly due to pot<span class=\"_ _92\"></span>ential future expansion<span class=\"_ _92\"></span> of the European U<span class=\"_ _92\"></span>nion\u2019<span class=\"_ _14\"></span>s sanctions against R<span class=\"_ _92\"></span>ussia and the<div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsa9 ws4be gs170\">Effect of  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsf8 ws37d gs171\">climate change </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lscf ws2f4 gs173\">Effects of  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls1f9 wsaf6 gs174\">the war in Ukraine </div>related volatile Russian gas deliveries to Austria. Th<span class=\"ls19 ws29a\">e associated future fin<span class=\"_ _92\"></span>ancia<span class=\"_ _43\"></span><span class=\"ls79 ws416\">l impact is difficult to </span></span>estimat<span class=\"_ _92\"></span>e from the curren<span class=\"_ _92\"></span>t perspective.  Developments in Ukraine, the r<span class=\"_ _92\"></span>esulting risks and <span class=\"ls38 ws4b2\">th<span class=\"_ _43\"></span>e financial impact on VE<span class=\"ls9c wsaf7\">RBUND continue to be </span></span>evaluated on an ongoing basis.<span class=\"_ _333\"> </span>The Fede<span class=\"_ _92\"></span>ral Act on the Electricity E<span class=\"_ _92\"></span>nergy Crisis <span class=\"ls6b ws986\">Contribution (Bundesgesetz \u00fcber den<span class=\"_ _92\"></span> Energie- </span>krisenbeitrag-S<span class=\"_ _92\"></span>trom (EKB-S)) in A<span class=\"_ _92\"></span>ustria provides for el<span class=\"_ _92\"></span><span class=\"ls66 ws5b2\">ectricity revenues t<span class=\"_ _92\"></span>o be capped at \u20ac140 per MWh<span class=\"_ _92\"></span>,  </span>in particular for the h<span class=\"_ _92\"></span>ydropower<span class=\"_ _14\"></span>, wind power<span class=\"_ _80\"></span>, solar (PV and solar thermal) and har<span class=\"_ _92\"></span>d coal generation technologies<span class=\"_ _92\"></span>. If encouraged inves<span class=\"_ _92\"></span>tments in renewable <span class=\"_ _92\"></span>energies and energy efficiency are m<span class=\"_ _92\"></span>ade, a deduction amounting to 50 <span class=\"_ _92\"></span>% of the actual costs ma<span class=\"_ _92\"></span><span class=\"ls71 ws1fa\">y be claimed, up to a max<span class=\"_ _43\"></span>imum of \u20ac36 per MWh of </span>electr<span class=\"_ _43\"></span>icity (ba<span class=\"_ _43\"></span>sed on the supplied volume<span class=\"_ _43\"></span> underlying the market revenue). Revenue above the price cap will be taxed at 90 %. The mont<span class=\"ls75 ws56a\">hly excess r<span class=\"_ _92\"></span>evenue accrued between<span class=\"ls78 ws4a9\"> 1 December 2022 and 31 December </span></span>2023 will be taxed. The refere<span class=\"_ _92\"></span>nce value for the excess<span class=\"ls80 ws6ee\"> profit tax is the reven<span class=\"_ _92\"></span>ue that results when </span>electricity derivatives and el<span class=\"_ _92\"></span>ectric<span class=\"ls88 ws889\">ity purchase agr<span class=\"_ _92\"></span>eements are tak<span class=\"_ _92\"></span>en into account (a<span class=\"_ _92\"></span>verage mo<span class=\"_ _92\"></span>nthly </span>price).  In addition to<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he windfall profit tax in<span class=\"_ _92\"></span> Austria, VERBUND an<span class=\"_ _92\"></span>d its renewable gener<span class=\"_ _92\"></span>ation plants ar<span class=\"_ _92\"></span>e also affected by mar<span class=\"_ _92\"></span>ket interventions in Germany, Spain and Ro<span class=\"_ _92\"></span>mania<span class=\"_ _43\"></span>; above all the new la<span class=\"_ _92\"></span>w in Germany is expected to<span class=\"_ _92\"></span> result in significant win<span class=\"_ _92\"></span>dfall taxes. The wind<span class=\"_ _92\"></span>fall profit tax system<span class=\"_ _92\"></span> in G<span class=\"_ _43\"></span>ermany is based on differentia<span class=\"_ _92\"></span>ted limits depending on the gen<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ratio<span class=\"_ _92\"></span>n technology, as well as on the ty<span class=\"_ _92\"></span>pe of mark<span class=\"_ _92\"></span>eting in the case of r<span class=\"_ _92\"></span>enewable ener<span class=\"_ _0\"></span>gy plants<span class=\"_ _92\"></span>. In Germany, 90 <span class=\"_ _87\"></span>% of th<span class=\"_ _92\"></span>e excess reven<span class=\"_ _92\"></span>ues accrued between 1 <span class=\"_ _85\"></span>D<span class=\"_ _43\"></span>ecember 2022 and 30 <span class=\"_ _88\"></span>J<span class=\"_ _92\"></span>une 2023 will be subj<span class=\"ls76 ws836\">ect to the tax <span class=\"_ _88\"></span>\u2013 with <span class=\"ls46 ws7b4\">the possibility of an </span></span>extension from 30 J<span class=\"_ _92\"></span>une 2023 until 30 April 2024. The windfall tax is 100 % tax-d<span class=\"_ _92\"></span>eductible. The windfall<span class=\"ls82\"> tax is pr<span class=\"_ _92\"></span>esented in th<span class=\"ls87 ws27b\">e income statement under </span></span>other rev<span class=\"_ _92\"></span>enue-rela<span class=\"_ _92\"></span>ted expenses. VERBUND enters in<span class=\"_ _92\"></span>to medium and long-term electricity supply a<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>reemen<span class=\"_ _92\"></span>ts (Power Pur<span class=\"_ _92\"></span>chase Agreemen<span class=\"_ _92\"></span>ts, PP<span class=\"_ _14\"></span>As) for the mar<span class=\"_ _92\"></span>keting of generation<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>in the renewa<span class=\"_ _92\"></span>ble energy business<span class=\"_ _92\"></span>. A basic distinction is made her<span class=\"_ _92\"></span>e between physical PP<span class=\"_ _14\"></span>As<span class=\"ls78 ws421\"> and virtual PP<span class=\"_ _92\"></span>As. Phy<span class=\"_ _92\"></span>sical PP<span class=\"_ _14\"></span>As provide for the actual<span class=\"_ _92\"></span> deliver<span class=\"_ _43\"></span>y of </span>the output eit<span class=\"_ _92\"></span>her directly to the custom<span class=\"_ _92\"></span>er or vi<span class=\"wsa30\">a the public power grid. In<span class=\"_ _92\"></span> contrast, virtual<span class=\"_ _92\"></span> PP<span class=\"_ _92\"></span>As </span>decouple the flo<span class=\"_ _92\"></span>w of electricity from fin<span class=\"_ _92\"></span>ancial cash flows<span class=\"_ _92\"></span>. VERBUND sells the output o<span class=\"_ _92\"></span>n the spot market<span class=\"_ _92\"></span>, whereb<span class=\"_ _92\"></span>y the difference be<span class=\"_ _92\"></span>tween the individually cont<span class=\"ls33 ws76d\">r<span class=\"_ _92\"></span>acted electricity price and the r<span class=\"_ _92\"></span>espective market </span>price achieved is settled between<span class=\"_ _92\"></span> VERBUND and the customer<span class=\"_ _80\"></span>. Depending on the structur<span class=\"_ _92\"></span>e of these bilateral contracts, they are accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for either as<span class=\"lsab ws531\"> a p<span class=\"_ _43\"></span>ending contract (IAS <span class=\"_ _80\"></span>37 for <span class=\"_ _43\"></span>onerous contracts), <span class=\"_ _80\"></span> </span>as a derivative <span class=\"_ _92\"></span>(IFRS 9) or as a lease (IFRS 16).<span class=\"_ _333\"> </span>Balance sheet presentation of <span class=\"_ _92\"></span>d<span class=\"_ _43\"></span>erivativ<span class=\"_ _92\"></span>e financial instruments  Due to the <span class=\"_ _92\"></span>significant incre<span class=\"_ _92\"></span>ase <span class=\"_ _43\"></span>in prices on the electricity and g<span class=\"_ _92\"></span>as markets in the curr<span class=\"_ _92\"></span>ent and previous financial years, the resulting high measurement effects in other receivables and liabilities led to large increases in<span class=\"_ _92\"></span> these items. The p<span class=\"_ _92\"></span>resentation o<span class=\"_ _92\"></span>f derivative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments in the bal<span class=\"_ _92\"></span>ance sheet was adjusted in order to continue pr<span class=\"_ _92\"></span>oviding a true and fa<span class=\"ls82 ws801\">ir view in addition to en<span class=\"_ _92\"></span>suring comparability with </span>the financial s<span class=\"_ _92\"></span>tatements of companies in<span class=\"_ _92\"></span> the same or similar industries<span class=\"_ _92\"></span>. The measuremen<span class=\"_ _92\"></span>t gains and losses fro<span class=\"_ _92\"></span>m derivative financial instrumen<span class=\"_ _92\"></span>ts previously presen<span class=\"_ _92\"></span>ted in trade receivables<span class=\"_ _92\"></span>, other receivables and securities or trade pa<span class=\"_ _92\"></span>yables and other liabilities <span class=\"ls97 ws3f9\">ar<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> broken down in application of IAS <span class=\"_ _92\"></span>8.<span class=\"_ _43\"></span>14 <span class=\"_ _92\"></span>(<span class=\"_ _43\"></span>b) into </span>a current and non-current portion and presented separately in the<span class=\"_ _43\"></span> new items Receivables<span class=\"_ _43\"></span> from<span class=\"_ _333\"> </span><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsc4 wsafb gs1a0\">Impact of  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls1fa wsafc gs1a1\">the tax o<span class=\"_ _92\"></span>n  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lscf ws262 gs1a2\">ex<span class=\"_ _92\"></span>cess profits </div>Accounting treatment of  pow<span class=\"_ _92\"></span>er purchase agreements<span class=\"_ _333\"> </span>derivative financial instruments and Liabilities from derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nc<span class=\"ls80 ws5ab\">ial instruments. These items hav<span class=\"_ _92\"></span>e </span>so far not been br<span class=\"_ _92\"></span>oken down into curr<span class=\"_ _92\"></span>ent and non-curr<span class=\"_ _92\"></span>ent components<span class=\"_ _92\"></span>, which will be corrected in application<span class=\"_ _92\"></span> of IAS 8.41. This did not ha<span class=\"_ _92\"></span>ve any effect on earnings<span class=\"_ _92\"></span>. The changes and corr<span class=\"_ _92\"></span>ections presented were made<span class=\"_ _92\"></span> retrospectively in<span class=\"_ _92\"></span> accordance with IAS 8 by adj<span class=\"_ _92\"></span>usting all comparative in<span class=\"_ _92\"></span>formation. Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>1/1/2021  Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>1/1/2021  After adjustment Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">670.4 <span class=\"_ _11b\"> </span>52.4 <span class=\"_ _16a\"> </span>722.8 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">670.4 <span class=\"_ _a5\"> </span>\u2013<span class=\"fsa\"> </span>63.5 <span class=\"_ _127\"> </span>606.9 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>115.9 <span class=\"_ _127\"> </span>115.9 </span>Current assets <span class=\"_ _1d2\"> </span><span class=\"ls18 ws0\">620.1 <span class=\"_ _4a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">32.0 <span class=\"_ _16a\"> </span></span></span>588.1 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>144.3 <span class=\"_ _127\"> </span>144.3 </span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _123\"> </span><span class=\"ls0 ws0\">620.1 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>176.3 <span class=\"_ _127\"> </span>443.7 </span>Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">1,290.5 <span class=\"_ _50\"> </span>20.4 <span class=\"_ _132\"> </span>1,310.9</span><span class=\"ls18 ws0\"><span class=\"_ _92\"></span> </span>1/1/2021  Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>1/1/2021  After adjustment Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">399.0 <span class=\"_ _50\"> </span>57.3 <span class=\"_ _3\"> </span>456.3 </span>Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _157\"> </span>57.3 <span class=\"_ _de\"> </span>57.3 </span>Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">399.0 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>399.0 </span>Current liabilities <span class=\"_ _c5\"> </span><span class=\"ls49 ws0\">813.8 <span class=\"_ _66\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">37.0<span class=\"_ _43\"></span> <span class=\"_ _16a\"> </span><span class=\"ls18\">776.8 </span></span></span></span>Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>215.1 <span class=\"_ _127\"> </span>215.1 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _1d5\"> </span><span class=\"ls0 ws0\">813.8 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>252.0 <span class=\"_ _127\"> </span>561.8 </span>Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">1,212.8 <span class=\"_ _11b\"> </span>20.4 <span class=\"_ _132\"> </span><span class=\"ls29\">1,2<span class=\"_ _43\"></span>33.2</span></span><span class=\"ls18 ws0\"><span class=\"ls29\"> </span></span>Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _20f\"> </span><span class=\"ff2f ls1ea wsafe\">31/12/2021<span class=\"_ _43\"></span>  </span>Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>31/12/2021<span class=\"_ _43\"></span>  After adjustment Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">695.8 <span class=\"_ _a5\"> </span>729.5 <span class=\"_ _132\"> </span>1,425.<span class=\"_ _92\"></span>4 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">695.8 <span class=\"_ _f3\"> </span>204.3 <span class=\"_ _5f\"> </span>900.1 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>525.2 <span class=\"_ _127\"> </span>525.2 </span>Current assets <span class=\"_ _210\"> </span><span class=\"ls18 ws0\">3,865.7 <span class=\"_ _fd\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>559.7 <span class=\"_ _132\"> </span><span class=\"ls35\">3,306.0 </span></span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _23\"> </span>1,972.7 <span class=\"_ _aa\"> </span>1,972.7 </span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _2\"> </span><span class=\"ls0 ws0\">3,865.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>2,532.4 <span class=\"_ _59\"> </span>1,333.3 </span>Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">4,561.5 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>4,731.3<span class=\"_ _333\"> </span></span>31/12/2021<span class=\"_ _43\"></span>  Before adjustment Adjustment 31/12/2021<span class=\"_ _43\"></span>  After adjustment Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">462.1 <span class=\"_ _a5\"> </span>734.8 <span class=\"_ _132\"> </span>1,196.9<span class=\"_ _92\"></span> </span>Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _aa\"> </span>734.8 <span class=\"_ _127\"> </span>734.8 </span>Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">462.1 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>462.1 </span>Current liabilities <span class=\"_ _106\"> </span><span class=\"ls18 ws0\">4,614.<span class=\"_ _92\"></span>7 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>565.0 <span class=\"_ _132\"> </span>4,049.7 </span>Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _fd\"> </span>3,313.3 <span class=\"_ _aa\"> </span>3,313.3 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _11f\"> </span><span class=\"ls0 ws0\">4,614.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>3,878.3 <span class=\"_ _127\"> </span>736.4 </span>Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">5,076.8 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>5,246.6</span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs1fa\">3.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls120 ws6d1\">Segment reporting</span><span class=\"ls120 ws6d1\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls95 ws663 gs1fc\">In accord<span class=\"_ _92\"></span>ance with S<span class=\"_ _43\"></span>ection <span class=\"_ _87\"></span>8(3) of the Austri<span class=\"_ _92\"></span>an<span class=\"ls67 ws646\"> Electricity Industry and Organisatio<span class=\"_ _92\"></span>n Act (ElWOG), </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws86a gs1fd\">integra<span class=\"_ _92\"></span>ted electricity companies must publis<span class=\"_ _92\"></span>h separate balance shee<span class=\"_ _92\"></span>ts and income statements fo<span class=\"_ _92\"></span>r </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws168 gs1fe\">electricity genera<span class=\"_ _92\"></span>tion, electricity trading and supply <span class=\"ls83 ws477\">activitie<span class=\"_ _92\"></span>s, transmission ac<span class=\"ls64 ws655\">tivities and dis<span class=\"_ _92\"></span>tribution </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws16b gs1ff\">activities. H<span class=\"_ _92\"></span>owever<span class=\"_ _14\"></span>, in accor<span class=\"_ _92\"></span>dance with IFRS 8, VE<span class=\"ls6f ws48c\">RB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s segment r<span class=\"_ _92\"></span>eporting is to be orien<span class=\"_ _92\"></span>ted towards </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws3c8 gs200\">intern<span class=\"_ _92\"></span>al management and r<span class=\"_ _92\"></span>eporting (manage<span class=\"_ _92\"></span>ment approach). Ther<span class=\"_ _92\"></span>efore the defin<span class=\"_ _92\"></span>ition of the operating </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb1 wsb02 gs201\">segments an<span class=\"_ _92\"></span>d the contents of th<span class=\"_ _92\"></span>e report corr<span class=\"_ _92\"></span>esponds to the structur<span class=\"_ _92\"></span>e of inter<span class=\"_ _92\"></span>nal reporting to<span class=\"_ _92\"></span> the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs202\">Executive Board as t<span class=\"_ _92\"></span>he primar<span class=\"_ _43\"></span>y decision-maker:  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls84 ws85c gs203\">Definition of operating segments </div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls33 ws0 gs204\">Hydro <span class=\"_ _7d\"> </span><span class=\"ff2a ws853\">Hydropower generatio<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>technology </span></div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls2f ws28 gs205\">New renew<span class=\"_ _92\"></span>ables<span class=\"_ _43\"></span> <span class=\"_ _1b\"> </span><span class=\"ff2a ls25 ws25\">Wind and photovoltaic genera<span class=\"_ _92\"></span>tion technologies </span></div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls29 ws0 gs206\">Sales <span class=\"_ _19d\"> </span><span class=\"ff2a ls2d ws2a\">Trading and <span class=\"_ _43\"></span>sales activities </span></div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls1d ws0 gs207\">Grid <span class=\"_ _10\"> </span><span class=\"ff2a ls1f ws20\">Activities of Austrian Power Grid AG<span class=\"_ _92\"></span> (APG), Gas Connect Austria GmbH </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs208\">(GCA) and Austri<span class=\"_ _92\"></span>an Gas Gr<span class=\"ls5e ws5f\">id Manageme<span class=\"_ _43\"></span>nt AG (AGGM) </span></div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls0 ws1b gs209\">All other segments <span class=\"_ _20a\"> </span><span class=\"ff2a ws0\">  </span></div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls1d ws35e gs20a\">Thermal generati<span class=\"_ _92\"></span>on <span class=\"_ _b5\"> </span><span class=\"ff2a ls46 ws45\">Electricity and thermal generation <span class=\"ls5d ws5e\">of VERBUND Thermal Power GmbH &amp;  </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs20b\">Co KG from natural gas </div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls1a ws0 gs20c\">Services <span class=\"_ _4e\"> </span><span class=\"ff2a ls62 ws64\">Business activities of VERBUND Services GmbH </span></div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls5d ws2d gs20d\">Equity interests <span class=\"_ _79\"> </span><span class=\"ff2a ls30 ws255\">Equity interest in KELAG-K\u00e4rntner Elektrizit\u00e4ts-Aktien<span class=\"_ _92\"></span>gesellschaft (KELAG) </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 wsa2a gs20e\">Segments th<span class=\"_ _92\"></span>at do not exceed the qu<span class=\"_ _92\"></span>antitative thr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span><span class=\"lsa3 ws1dc\">sholds ar<span class=\"_ _92\"></span>e summarised in the Al<span class=\"_ _92\"></span>l other segments </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws1c4 gs20f\">category. The Reconcil<span class=\"_ _92\"></span>iation/consolidation column includes the ac<span class=\"_ _92\"></span>tivities of VERBUND <span class=\"_ _8a\"></span>AG and </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws374 gs210\">VERBUND Fin<span class=\"_ _92\"></span>anzierungsservice GmbH as well as unconsolidated equity in<span class=\"_ _92\"></span>terests that ha<span class=\"_ _92\"></span>ve not been </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs211\">allocated t<span class=\"_ _92\"></span>o a se<span class=\"_ _43\"></span>gment and consolida<span class=\"_ _92\"></span>tions which must be carried out at Gr<span class=\"_ _92\"></span>oup level. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 wsb03 gs212\">The follo<span class=\"_ _92\"></span>wing key performance indicato<span class=\"_ _92\"></span>rs are report<span class=\"_ _92\"></span>ed for the control an<span class=\"_ _92\"></span>d management of<span class=\"_ _92\"></span> the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb6 ws199 gs213\">operatin<span class=\"_ _92\"></span>g segments: </div><div class=\"t m0 he ff2b fs6 fc0 sc0 lsf8 ws734 gs214\">K<span class=\"_ _92\"></span>ey performance indicator<span class=\"_ _92\"></span>s \u2013 segment reporting <span class=\"_ _215\"> </span><span class=\"ff2f fs8 ls31 ws0\">  </span></div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls1c ws0 gs215\">EBITDA <span class=\"_ _1ac\"> </span><span class=\"ff2a ls30 ws2d\">Internal measurement of <span class=\"_ _92\"></span>the performance of each operating segm<span class=\"_ _92\"></span>ent. </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs216\">Transactions between operating segm<span class=\"_ _92\"></span>en<span class=\"ls2d ws33\">ts are carried out at arm's length. </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs217\">Result from interests accounted for </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs218\">using the equity method </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gs219\">Assessment of th<span class=\"_ _92\"></span>e Equity interest segment </div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls0 ws1b gs21a\">Capital employed <span class=\"_ _120\"> </span><span class=\"ff2a ls106 ws35e\">Total assets less tho<span class=\"_ _92\"></span>se assets that do not (yet) co<span class=\"_ _92\"></span>ntribute to the performance </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs21b\">and commercialisation pr<span class=\"ls30 ws255\">ocesses and less non-inter<span class=\"_ _92\"></span>est-bearing debt.<span class=\"_ _333\"> </span></span><span class=\"ls30 ws255\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws14b gs21d\">Other mat<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rial non-cash it<span class=\"_ _92\"></span>ems include measurem<span class=\"_ _92\"></span>ent effects fro<span class=\"_ _92\"></span>m energy derivatives,<span class=\"_ _92\"></span> the reversal of<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls99 wsb04 gs21e\">contributions to building cost<span class=\"_ _43\"></span>s, non-cash changes in provisions and write-downs <span class=\"_ _43\"></span>of primar<span class=\"_ _43\"></span>y energy </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws186 gs21f\">sources in in<span class=\"_ _92\"></span>ventory.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs220\">All segment da<span class=\"_ _92\"></span>ta are measur<span class=\"_ _92\"></span>ed in accordance with IFRSs.<span class=\"_ _333\"> </span><span class=\"_ _92\"></span> </div>Under IFRS <span class=\"_ _87\"></span>8, entity-wide disclosures incl<span class=\"_ _92\"></span>ude geogr<span class=\"ls88 ws522\">aphical segmen<span class=\"_ _92\"></span>t reporting for r<span class=\"_ _92\"></span>evenue (based on </span>the point of deliver<span class=\"_ _43\"></span>y) and non-current assets. In addition, information on major customers<span class=\"_ _43\"></span> must be pro<span class=\"_ _92\"></span>vided. Disclosures reg<span class=\"_ _92\"></span>arding revenu<span class=\"_ _92\"></span>e are presen<span class=\"_ _92\"></span>ted in se<span class=\"_ _43\"></span>ction <span class=\"_ _87\"></span>3.2.1 Revenue. VERBUND<span class=\"_ _92\"></span> does not hav<span class=\"_ _92\"></span>e any customers for who<span class=\"_ _92\"></span>m <span class=\"_ _43\"></span>revenu<span class=\"_ _92\"></span>e equals or exceeds 10 % of total<span class=\"_ _92\"></span> revenue.<div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls0 ws0 gs270\">Entity<span class=\"_ _92\"></span>-wide </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls129 ws0 gs271\">disclosures </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls58 ws59 gs276\">Measurement of contracts w<span class=\"_ _43\"></span>ith customers in acco<span class=\"_ _43\"></span>rdance with IFRS 15  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b wsb09 gs277\">Ty<span class=\"_ _63\"></span>p<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span> o<span class=\"_ _63\"></span>f<span class=\"_ _81\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs278\">contract </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs279\">Contracts with customers  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs27a\">for the delivery of  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws20 gs27b\">electricity and gas </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs27c\">Contracts with customers  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs27d\">as a result of operating  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs27e\">the Austrian electricity </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws90d gs27f\">transmission network </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs280\">Contracts with customers  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs281\">as a result of operating  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gs282\">the Austrian gas transmission </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs283\">and distribution network </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs284\">P<span class=\"_ _92\"></span>erformance/ </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws0 gs285\">counter<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws0 gs286\">performance </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs287\">As a rule, the consideratio<span class=\"_ _92\"></span>n </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs288\">received for the contracts of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs289\">the delivery of electricity and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs28a\">gas comprises a capacity price </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2e ws2b gs28b\">and an energy pri<span class=\"_ _92\"></span>ce. The </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs28c\">capacity price is independent </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs28d\">of volume, whereas th<span class=\"_ _92\"></span>e energy </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs28e\">price depends on the volume </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs28f\">of electricity and gas </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws0 gs290\">purchased. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs291\">The services include mainly </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs292\">system, control power and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs293\">balancing energy as w<span class=\"_ _92\"></span>ell as </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs294\">congestion managem<span class=\"_ _92\"></span>ent and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws2a gs295\">redispatch services. The </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs296\">consideration received for </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs297\">these services depend<span class=\"_ _92\"></span>s largely </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs298\">on the electricity consumed by </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gs299\">the customers and/o<span class=\"_ _92\"></span>r the costs </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs29a\">incurred by VERBUND for each </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs29b\">of these services. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs29c\">The services include the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws259 gs29d\">marketing and provision of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws255 gs29e\">transportation capacities at the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs29f\">border crossing points, i.e. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs2a0\">entry and exit capacities, of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs2a1\">transportation capacities for </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs2a2\">natural gas needed in Aus<span class=\"_ _92\"></span>tria </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs2a3\">as well as dispatching an<span class=\"_ _92\"></span>d </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs2a4\">other services. </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs2a5\">Revenue </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs2a6\">recognition </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2a7\">Revenue is recognised as soon </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs2a8\">as the control over the <span class=\"_ _92\"></span>goods </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs2a9\">and/or services is trans<span class=\"_ _92\"></span>ferred to </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs2aa\">the customers. Contro<span class=\"_ _92\"></span>l is </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs2ab\">transferred over th<span class=\"_ _92\"></span>e period in </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs2ac\">which the service is rendered. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs2ad\">Revenue is realised in the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs2ae\">amount in which VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs2af\">has fulfilled its obligations with </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws31 gs2b0\">respect to the delivery of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs2b1\">electricity and gas (i.e. t<span class=\"_ _92\"></span>he </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs2b2\">customer could purchase </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws63 gs2b3\">electricity and/or gas at any </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws31d gs2b4\">given time and/or has done so) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs2b5\">and a right to invoice the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs2b6\">service already rendered has </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws24 gs2b7\">been established.<span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs2b8\">Revenue is realised in the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs2b9\">amount in which VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs2ba\">has a right to invoice the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws259 gs2bb\">services already rendered. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs2bc\">Control is transferred over <span class=\"_ _92\"></span>the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs2bd\">period in which the service is </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws0 gs2be\">rendered. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs2bf\">Revenue is realised in the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs2c0\">amount in which VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs2c1\">has a right to invoice the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws259 gs2c2\">services already rendered. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs2c3\">Control is transferred over <span class=\"_ _92\"></span>the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs2c4\">period in which the service is </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws0 gs2c5\">rendered. </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls22 ws0 gs2c6\">Special </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c ws0 gs2c7\">circumstances </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs2c8\">With some contracts to deliver </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs2c9\">electricity and gas,<span class=\"_ _92\"></span> the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws25b gs2ca\">customers are also billed for </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs2cb\">grid costs. Since VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs2cc\">does not have any control over </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs2cd\">the grid services prior to the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gs2ce\">transfer to the cus<span class=\"_ _92\"></span>tomers. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs2cf\">VERBUND should be regarded </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws321 gs2d0\">as an agent with respect to </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs2d1\">these services. Therefor<span class=\"_ _92\"></span>e, no </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs2d2\">revenue is recognised fo<span class=\"_ _92\"></span>r the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs2d3\">grid services. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs2d4\">none <span class=\"_ _1e4\"> </span>none </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs3b1\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4b ws4d gs3b2\"> The obligation<span class=\"_ _43\"></span> to transfer <span class=\"_ _43\"></span>the 50 % interest<span class=\"_ _43\"></span> in Donaukra<span class=\"_ _43\"></span>ftwerk Jochenste<span class=\"_ _43\"></span>in AG to the <span class=\"_ _43\"></span>Free State of Bav<span class=\"_ _43\"></span>aria without exch<span class=\"_ _43\"></span>ange of<span class=\"ls4c ws4e\"> cons<span class=\"_ _43\"></span>ideration is<span class=\"_ _43\"></span> measured at a<span class=\"_ _43\"></span>mortised cos<span class=\"_ _43\"></span>t. </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3d ws3b gs3b3\">The expecte<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span> fair value of the i<span class=\"_ _92\"></span>nterest at the transfer date (31 December 2050) i<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>calculated pe<span class=\"_ _92\"></span>riodically and discounted based<span class=\"_ _92\"></span><span class=\"ls4d ws6d8\"> on the or<span class=\"_ _43\"></span>iginal effe<span class=\"_ _43\"></span>ctive interest ra<span class=\"_ _43\"></span>te </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls52 ws54 gs3b4\">(correspondin<span class=\"_ _43\"></span>g to the w<span class=\"_ _43\"></span>eighted aver<span class=\"_ _43\"></span>age cost<span class=\"_ _43\"></span> of capital at<span class=\"_ _43\"></span> the acquis<span class=\"_ _43\"></span>ition date<span class=\"_ _43\"></span>). Chan<span class=\"_ _43\"></span>ges in the ex<span class=\"_ _43\"></span>pected fair<span class=\"_ _43\"></span> value of th<span class=\"_ _43\"></span>e inte<span class=\"ls39 ws37\">rest are recognised in the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other financial re<span class=\"_ _92\"></span>sult. See </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls51 ws53 gs3b5\">section 8.2 O<span class=\"_ _43\"></span>ther long-t<span class=\"_ _43\"></span>erm liabilit<span class=\"_ _43\"></span>ies // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs3b6\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3e ws3c gs3b7\"> The profit p<span class=\"_ _43\"></span>articipation<span class=\"_ _43\"></span> right exists wit<span class=\"_ _43\"></span>h respect to the <span class=\"_ _43\"></span>material assets<span class=\"_ _43\"></span> of TAG. They<span class=\"_ _43\"></span> are measu<span class=\"_ _43\"></span>red at fair value th<span class=\"_ _43\"></span>rough pr<span class=\"_ _43\"></span>of<span class=\"ls201 wsb11\">it or loss in </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls136 wsb12 gs3b8\">accordance with<span class=\"_ _43\"></span> IFRS 9<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div>As a rule, the changes in value<span class=\"_ _43\"></span> of derivative<span class=\"_ _43\"></span> financial instruments<span class=\"_ _43\"></span> related to closed items on t<span class=\"_ _43\"></span>he balance sheet, <span class=\"_ _92\"></span>and the liabilities measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s are, in principle<span class=\"_ _92\"></span>, also<span class=\"_ _43\"></span> recognised in the oth<span class=\"_ _92\"></span>er financial resul<span class=\"_ _92\"></span>t. However<span class=\"_ _14\"></span>, the effec<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s on pr<span class=\"_ _92\"></span>ofit or loss of these two items balan<span class=\"_ _92\"></span>ce each other out an<span class=\"_ _92\"></span>d were therefo<span class=\"_ _92\"></span>re not included in the abo<span class=\"_ _92\"></span>ve table.<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls5f ws60 gs3c5\">Impairment test \u2013 T<span class=\"_ _80\"></span>rans Austria Gasleitung <span class=\"_ _92\"></span>GmbH  </div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs3c6\">  <span class=\"_ _173\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws43 gs3c7\">Cash-generating unit <span class=\"_ _16\"> </span><span class=\"fc4 ls27 ws27\">Trans Austria Gasleitung GmbH,  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2a ws28 gs3c8\">Austrian transmission system opera<span class=\"_ _92\"></span>tor </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs3c9\">Trans Austria Gasl<span class=\"ls19 ws33\">eitung GmbH,  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gs3ca\">Austrian transmission system operator<span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs3cb\">T<span class=\"_ _14\"></span>riggering event for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs3cc\">(an increase in) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs3cd\">impairment </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls26 ws26 gs3ce\">Significant changes in the  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs3cf\">energy industry environment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs3d0\">Significant changes in the  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs3d1\">energy industry environment </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs3d2\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs3d3\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws61 gs3d4\">Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs3d5\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _a7\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _219\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs3d6\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls1c ws1d\">Trans Austria Gasleitung GmbH budgets </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs3d7\">(based primarily on near-market data) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs3d8\">Trans Austria Gaslei<span class=\"ls5b ws2e\">tung GmbH budgets </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs3d9\">(based primarily on near-market data) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs3da\">V<span class=\"_ _92\"></span>olume <span class=\"_ _65\"> </span><span class=\"fc4 ls9c ws190\">Capacity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs3db\">Price <span class=\"_ _214\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariff<span class=\"_ _92\"></span>s published by the regulator <span class=\"_ _177\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by<span class=\"_ _43\"></span> the </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs3dc\">regulator </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs3dd\">Planning period <span class=\"_ _23\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years;  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws61 gs3de\">rough planning phase: 5 years plus </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls21 ws31 gs3df\">Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs3e0\">Detailed planning phase: 6 years;  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gs3e1\">rough planning phase: 5 years plus </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs3e2\">Regulatory Asset Base (RAB) as exit value </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs3e3\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs3e4\">assumptions </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls106 ws35e gs3e5\">Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs3e6\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d8\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1a ws1c gs3e7\">account regulatory framework conditions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs3e8\">Determination of discount rate taking into </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs3e9\">account regulatory framework conditions </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs3ea\">Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _1e\"> </span><span class=\"fc4 ls59 ws0\">\u20ac51.6m <span class=\"_ _1aa\"> </span><span class=\"ff2f fc0 ls18\">\u20ac21.9m </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs3eb\">Impairment losses  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws2a gs3ec\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs3ed\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs3ee\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">18.3m <span class=\"_ _256\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span>46.2m </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs3ef\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls203 wsb16 gs3f0\"> Impairment incl. tax gro<span class=\"_ _92\"></span>ss<span class=\"_ _43\"></span> up. An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognised in the 2022 re<span class=\"_ _92\"></span>porting period in the amount of \u20ac3<span class=\"ls1c9 wsa4d\">.3m as at 30 June 2022.<span class=\"_ _92\"></span> As at 31 December </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls100 ws2fe gs3f1\">2022, the impairm<span class=\"_ _92\"></span>ent<span class=\"_ _43\"></span> recognised during the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>year increased to \u20ac46.<span class=\"_ _92\"></span>2m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div>Impairment<span class=\"_ _43\"></span> test \u2013 Ashta Beteil<span class=\"_ _43\"></span>igungsverwaltung GmbH    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls32 ws2e\">VERBUND and EVN AG joint venture that </span>holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates<span class=\"_ _92\"></span> a  two-stage Hydromatrix po<span class=\"_ _92\"></span>wer plant  (installed capacity: 53 MW) in Al<span class=\"_ _92\"></span>bania VERBUND and EVN AG joint venture that holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates a  two-stage Hydromatrix power plant  (installed capacity: 53 MW) in Albania Indications of a (reduction in) impairment Updated electricity price forecasts and updated discount rate<span class=\"_ _92\"></span> Updated electricity <span class=\"lsca ws30\">price forecasts and </span>updated discount rate Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls25 ws25\">Budgets o<span class=\"_ _92\"></span>f Energji Ashta Shpk <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls59 ws22\">Budgets of Energji Ashta Shpk </span></span>V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls1e ws1f\">The annu<span class=\"_ _92\"></span>al output corresponding to the </span>mean energy capability of 242 GWh The annual output corresponding to the mean energy capability of 242 GWh Price <span class=\"_ _209\"> </span><span class=\"fc4 ls0\">2022\u2013<span class=\"fsa\"> </span><span class=\"ls20 ws21\">2028: Electricity prices based on </span></span>purchase agreement with KESH 2029\u2013<span class=\"fsa\"> </span><span class=\"ls60 ws61\">2043: Internal price forecasts </span>2023\u2013<span class=\"fsa ls0\"> </span><span class=\"ls46 ws2b\">2028: Electricity prices base<span class=\"_ _92\"></span>d on </span>purchase agreement with KESH 2029\u2013<span class=\"fsa ls0\"> </span><span class=\"ls1f ws959\">2043: Inter<span class=\"_ _92\"></span>nal price forecasts </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls25 ws25\">Detailed planning phase: 1 year;  </span>rough planning phase: 21 years  (long-term reinvestment, repair and maintenance cycles for <span class=\"ls148 wsb19\">hydropower plants) </span>Detailed planning phase: 1 year;  rough planning phase: 20 years  (long-term reinvestment, repair and maintenance cycles for hydropower plants) Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price forecasts and discount rate <span class=\"_ _183\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price forecasts and discount </span>rate After-tax di<span class=\"_ _92\"></span>scount rate<span class=\"_ _333\"> </span>1 <span class=\"_ _258\"> </span><span class=\"fc4 ls1d ws1e\">WACC after taxes (2022\u2013</span><span class=\"fsa fc4\"> <span class=\"fs8 ls2b ws29\">2028): 7.75 % </span></span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws29\">2043): 8.50 % </span>WACC after taxes (2023\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>028): 10.75 % </span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>043): 12.50 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws5e\">\u20ac18.9m  <span class=\"_ _145\"> </span></span><span class=\"ff2f ls18 ws0\">\u20ac19.2m </span>Change in value  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>16.8m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls102\">0.3m </span></span>1 The iterati<span class=\"_ _92\"></span>vely calculated implicit<span class=\"_ _92\"></span> pre-tax interest rate was 13.79 % (previ<span class=\"_ _92\"></span>ous year: 9.37 %). // 2 An impairment loss had<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>lready been rec<span class=\"_ _0\"></span>ognised in the 2022 reporti<span class=\"_ _92\"></span>ng period in the amount of \u20ac0.9m as at 30 June<span class=\"_ _92\"></span> 2022. As at 31 December 2022, the impairment re<span class=\"_ _92\"></span>cognised during the year decreased to \u20ac0.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>The corporate income tax rate applying to VERBUND <span class=\"_ _14\"></span><span class=\"ls69 ws8c\">AG is 25.0 <span class=\"_ _14\"></span>%. The follow<span class=\"_ _43\"></span>ing income tax rates are </span>applied by consolida<span class=\"_ _92\"></span>ted subsidiaries (dependin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> on the coun<span class=\"_ _92\"></span>tr<span class=\"_ _43\"></span>y in which they are loc<span class=\"_ _92\"></span>ated):<span class=\"_ _333\"> </span>Beginning with the 2005 reporti<span class=\"_ _92\"></span>ng period, VERBUND to<span class=\"ls7d ws272\">ok advantage of the option to form a group of </span>companies for tax purposes as <span class=\"_ _92\"></span>granted by the legislat<span class=\"_ _92\"></span>ure; VERBUND <span class=\"_ _92\"></span>AG is the tax group par<span class=\"_ _92\"></span>ent. The tax<span class=\"_ _92\"></span> benefit resulting fr<span class=\"_ _92\"></span>om the amortisa<span class=\"ls70 wsf3\">tion of goodwill (Section <span class=\"_ _92\"></span>9(7) of the 1988 Corporate Income T<span class=\"_ _14\"></span>ax Act </span>(K\u00f6rper<span class=\"_ _92\"></span>schaftsteuergesetz, KS<span class=\"_ _92\"></span>tG)) within the corporat<span class=\"_ _92\"></span>e group is trea<span class=\"_ _92\"></span>ted as a temporary difference for shares in<span class=\"_ _92\"></span> subsidiaries (outside basis differ<span class=\"_ _92\"></span>ence).<span class=\"_ _333\"> </span>3.4<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb23\">Notes to the cash flow statement</span><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws349 gs4b8\">The indirect meth<span class=\"_ _92\"></span>od has been used to prepar<span class=\"_ _92\"></span>e VE<span class=\"lsa5 wsa40\">RBUND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s cash<span class=\"_ _43\"></span> flow statement. The compos<span class=\"_ _43\"></span>ition of </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls20c ws890 gs4b9\">cash a<span class=\"_ _43\"></span>nd cash equ<span class=\"_ _43\"></span>ivalent<span class=\"_ _43\"></span>s can be<span class=\"_ _43\"></span> seen<span class=\"_ _43\"></span> in sect<span class=\"_ _43\"></span>ion 6 Working capita<span class=\"_ _43\"></span>l. </div>4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs1fa\">4.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 wsb2b\">Intangible assets<span class=\"_ _333\"> </span></span><span class=\"ls118 wsb2b\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 lsb0 wsb2c gs4f8\">Goodwill  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls77 ws665 gs4f9\">Goodw<span class=\"_ _43\"></span>ill is not to be syste<span class=\"_ _43\"></span>matically amortised; instead,<span class=\"_ _43\"></span><span class=\"ls96 ws5bf\"> it is to be tested for impa<span class=\"_ _43\"></span>irment at least once per </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls95 ws5a3 gs4fa\">year in accordance with IAS 36 (see <span class=\"ls1b wsb2d\">section 4.4.1 Impairment testing of<span class=\"ls9a ws562\"> goodwill). In addition, a quality-<span class=\"_ _333\"> </span></span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d wsb2e gs4fb\">oriented analysis of whethe<span class=\"_ _43\"></span>r there is any indication of impairment is conducted on t<span class=\"_ _43\"></span>he reporting date </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f wsda gs4fc\">for all consolidat<span class=\"_ _92\"></span>ed interim financial statem<span class=\"_ _92\"></span>ents.<span class=\"_ _333\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls114 ws48d gs4fd\">Other inta<span class=\"_ _92\"></span>ngible assets </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 wsb2f gs4fe\">In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _8a\"></span>38, purchased intan<span class=\"_ _92\"></span>gible assets are measur<span class=\"_ _92\"></span>ed at cost less straig<span class=\"_ _92\"></span>ht-line </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws45d gs4ff\">amortisation and an<span class=\"_ _0\"></span>y impairment los<span class=\"_ _92\"></span>ses if their useful life is not classified as indefinite. T<span class=\"_ _92\"></span>he useful lives </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs15e\">are main<span class=\"_ _92\"></span>ly between 10 and 20 years. Softw<span class=\"_ _92\"></span>are is amortised over fo<span class=\"_ _92\"></span>ur years.<span class=\"_ _333\"> </span> </div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls94 ws380 gs501\">Emission rights </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb3 ws518 gs502\">Emission rights are accounted <span class=\"_ _92\"></span>for in <span class=\"lsa2 wsa0d\">accordance with the accoun<span class=\"_ _92\"></span>ting policies set out in IAS <span class=\"_ _80\"></span>38, IAS <span class=\"_ _14\"></span>20 </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws9c1 gs503\">and IAS <span class=\"_ _85\"></span>37. Emission<span class=\"_ _92\"></span> rights are recognised a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> fair value (all<span class=\"_ _92\"></span>owances allotted without exchan<span class=\"_ _92\"></span>ge of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d wsad7 gs504\">consideration) or at cost (<span class=\"_ _43\"></span>purchased allowances).<span class=\"ls33 ws6ff\"> For em<span class=\"_ _92\"></span>ission rights allotted without ex<span class=\"_ _92\"></span>change of </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws29f gs505\">consideration<span class=\"_ _92\"></span>, an item of deferred income is recognised in<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he amount of their fair<span class=\"_ _92\"></span> value for the grant </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws11b gs506\">received tha<span class=\"_ _92\"></span>t is then reversed to pr<span class=\"_ _92\"></span>ofit or loss <span class=\"ls81 ws577\">under fuel expenses when th<span class=\"_ _92\"></span>e emission rights ar<span class=\"_ _92\"></span>e used, </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws5d3 gs507\">amortised or sold. The obl<span class=\"_ _92\"></span>igation to r<span class=\"_ _92\"></span>eturn is taken into accoun<span class=\"_ _92\"></span>t by means of another<span class=\"_ _92\"></span> liability. If cover is </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws5e5 gs508\">insufficient, VERB<span class=\"_ _92\"></span>UND recognises an additional pro<span class=\"_ _92\"></span>vision in the amount of the fair value of the mis<span class=\"_ _92\"></span>sing </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f wsda gs509\">emission rights<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws3ab gs50a\">Emission rights<span class=\"_ _92\"></span> held for trading b<span class=\"_ _92\"></span>y VERBUND are me<span class=\"_ _92\"></span>asured through pr<span class=\"_ _92\"></span>ofit or loss under o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 wsb30 gs50b\">revenu<span class=\"_ _0\"></span>e. Acco<span class=\"_ _92\"></span>rding to the br<span class=\"_ _92\"></span>okerage exemp<span class=\"_ _92\"></span>tion for raw ma<span class=\"_ _92\"></span>terials and commodity dealers, t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9c ws33f gs50c\">measurement benchmark is fair value less costs to sell.<span class=\"_ _333\"> </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs53b\">4.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 wsb31\">Property<span class=\"_ _80\"></span>, plant and equipment</span><span class=\"ls101 wsb31\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 wse2 gs53d\">Property, plan<span class=\"_ _92\"></span>t and equipment is measur<span class=\"_ _92\"></span>ed at cost (including decommissioning an<span class=\"_ _92\"></span>d dismantling costs </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls79 ws6c2 gs53e\">required to be c<span class=\"_ _92\"></span>apitalised) less<span class=\"lsbc wsb32\"> straight-line depreciation and any <span class=\"ls6d wsb33\">impairment los<span class=\"_ _92\"></span>ses. In addition to </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws5c7 gs53f\">direct ma<span class=\"_ _92\"></span>terial and production costs<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> the cost of in<span class=\"_ _92\"></span>ternally manufactur<span class=\"_ _92\"></span>ed plant and equipment also </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls96 wsb34 gs540\">includes appropriate indirect ma<span class=\"ls6b ws398\">t<span class=\"_ _92\"></span>erial and production costs<span class=\"_ _92\"></span>. Borrowing costs ar<span class=\"_ _92\"></span>e capitalised for </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws9c2 gs541\">qualifying assets<span class=\"_ _92\"></span>. VERBUND\u2019<span class=\"_ _14\"></span>s aver<span class=\"_ _92\"></span>age monthly borr<span class=\"_ _92\"></span>owing costs in the 2022 r<span class=\"_ _92\"></span>eporting period were </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls19 ws20e gs542\">around 1.7 % (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: around 1.9 %).<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws890 gs543\">Depreciation<span class=\"_ _92\"></span> charges on deprecia<span class=\"_ _92\"></span>ble property, plant and equipm<span class=\"_ _92\"></span>ent are based on the expect<span class=\"_ _92\"></span>ed useful </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls1b ws2c4 gs544\">lives of its components. Specifically, the following<span class=\"_ _43\"></span> useful lives are applied:  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13b ws4a7 gs545\">Useful life </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls7b wsac8 gs546\">In year<span class=\"_ _92\"></span>s </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs547\">Residential, office, plant and other plant facilities <span class=\"_ _e1\"> </span><span class=\"ls0 ws0\">10\u2013<span class=\"fsa\"> </span>50 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws259 gs548\">Hydroplant buildings <span class=\"_ _26d\"> </span><span class=\"ls0 ws0\">20\u2013<span class=\"fsa\"> </span>100 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs549\">Gas pipelines <span class=\"_ _26e\"> </span><span class=\"ls0 ws0\">30 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gs54a\">Machinery <span class=\"_ _26f\"> </span><span class=\"ls0\">10\u2013<span class=\"fsa\"> </span>80 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs54b\">Electrical installations <span class=\"_ _270\"> </span><span class=\"ls0 ws0\">3\u2013<span class=\"fsa\"> </span>50 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs54c\">P<span class=\"_ _92\"></span>ower lines <span class=\"_ _271\"> </span><span class=\"ls0 ws0\">50 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs54d\">Office and plant equipment<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ls0 ws0\">4\u2013<span class=\"fsa\"> </span>10  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb6 ws6fb gs54e\">The expected useful<span class=\"_ _92\"></span> life of hydro<span class=\"_ _92\"></span>power plants is determined independ<span class=\"_ _92\"></span>ently from the t<span class=\"_ _92\"></span>erms of water </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 ws432 gs54f\">rights permits<span class=\"_ _92\"></span> because it is pr<span class=\"_ _92\"></span>esumed that these <span class=\"_ _92\"></span>pe<span class=\"ls74 ws111\">rmits will be reissu<span class=\"_ _92\"></span>ed when they expire<span class=\"_ _92\"></span>. Based on </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws1db gs550\">experience, this<span class=\"_ _92\"></span> also applies for those Bav<span class=\"_ _92\"></span>arian run-of<span class=\"ls76 ws354\">-river power plants with existin<span class=\"_ _0\"></span>g reversi<span class=\"_ _92\"></span>on rights </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws1b4 gs551\">for the benefit of the Fr<span class=\"_ _92\"></span>ee State of B<span class=\"_ _92\"></span>avaria. The expected useful<span class=\"_ _92\"></span> life of the Jochens<span class=\"_ _92\"></span>tein power plant on the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws629 gs552\">Danube was also determined independently of the ex<span class=\"lsbc ws467\">isting obligation to r<span class=\"_ _92\"></span>eturn the power plant in 2050 </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws267 gs553\">(see section <span class=\"_ _92\"></span>8.2 Non-curr<span class=\"_ _92\"></span>ent other liabilities), sin<span class=\"_ _92\"></span>ce it is expected that VERBU<span class=\"_ _92\"></span>ND will also be the owner </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls70 ws204 gs554\">and operator of the Jochenstein power pl<span class=\"ls78 ws184\">an<span class=\"_ _92\"></span>t on the Danube even after the year 2050. </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b wsb35 gs555\">In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _85\"></span>36, the r<span class=\"_ _92\"></span>ecoverability o<span class=\"_ _92\"></span>f property, plant and equipmen<span class=\"_ _92\"></span>t is tested when </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws45 gs556\">indicators o<span class=\"_ _92\"></span>f impairment are identified (see sect<span class=\"lsb4 ws2b6\">ion 4.4 Impairment of non-financial assets).</span><span class=\"lsb4 ws2b6\"> </span><span class=\"lsb4 ws2b6\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls5f wsa3c gs5d6\">Gov<span class=\"_ _92\"></span>ernment grants </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws9f7 gs5d7\">Governmen<span class=\"_ _92\"></span>t investment gr<span class=\"_ _92\"></span>ants do not reduce <span class=\"_ _92\"></span>the cost of assets for<span class=\"_ _92\"></span> which they were gr<span class=\"_ _92\"></span>anted, but inste<span class=\"_ _92\"></span>ad </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws1bd gs5d8\">lead to the r<span class=\"_ _92\"></span>ecognition of an item of deferr<span class=\"_ _92\"></span>ed income in the amount of thei<span class=\"_ _92\"></span>r fair value. The deferr<span class=\"_ _92\"></span>ed </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws145 gs5d9\">income is rever<span class=\"_ _92\"></span>sed to profit or loss o<span class=\"_ _92\"></span>ver the expected useful life of the r<span class=\"_ _92\"></span>espective asset. </div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs5e1\">4.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1d3\">Leases </span></div>VERBUND\u2019<span class=\"_ _14\"></span>s leases include m<span class=\"_ _92\"></span>ainly arrangements r<span class=\"_ _92\"></span>egarding the pr<span class=\"_ _92\"></span>ovision of power<span class=\"_ _92\"></span> plants, buildings<span class=\"_ _92\"></span>, land, power lines and vehicles. Initial recognition of leases At the inception<span class=\"_ _92\"></span> of a contract, VERBUND as<span class=\"_ _92\"></span>sesses whethe<span class=\"ls22f ws0\">r<span class=\"_ _14\"></span> t<span class=\"_ _14\"></span>h<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _14\"></span>o<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span>r<span class=\"_ _14\"></span>a<span class=\"_ _14\"></span>c<span class=\"_ _14\"></span>t<span class=\"_ _92\"></span> i<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> o<span class=\"_ _14\"></span>r<span class=\"_ _14\"></span> c<span class=\"_ _14\"></span>o<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span>a<span class=\"_ _14\"></span>i<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> a<span class=\"_ _14\"></span> l<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>a<span class=\"_ _92\"></span>s<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>.<span class=\"_ _14\"></span> I<span class=\"_ _14\"></span>f<span class=\"_ _14\"></span> i<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span> i<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> a<span class=\"_ _92\"></span> </span>lease, a righ<span class=\"_ _92\"></span>t-of-use asset is capitalised at the com<span class=\"_ _92\"></span>mencement date and a lease liab<span class=\"_ _92\"></span>ility is recognised. The amoun<span class=\"_ _0\"></span>t of the righ<span class=\"_ _92\"></span>t-of-use asset when the contr<span class=\"_ _92\"></span>act is first recognised correspo<span class=\"_ _92\"></span>nds to the amount of the lease lia<span class=\"_ _92\"></span>bility, adjusted, amon<span class=\"_ _92\"></span>g other things, fo<span class=\"_ _92\"></span>r any direct costs on th<span class=\"_ _92\"></span>e part of the lessee<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> advance paymen<span class=\"_ _92\"></span>ts, lease incentives or<span class=\"_ _92\"></span> dismantling oblig<span class=\"_ _92\"></span>ations. The c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount of the le<span class=\"_ _92\"></span>ase liability is derived by discounting t<span class=\"_ _92\"></span>he lease payments ex<span class=\"_ _92\"></span>pected <span class=\"ls88 wsb6\">during the term of the lease<span class=\"_ _92\"></span>, expected payments<span class=\"_ _92\"></span> </span>from r<span class=\"_ _92\"></span>esidual value guarantee<span class=\"_ _92\"></span>s, exercise prices for pur<span class=\"_ _92\"></span>chase options (if it is reaso<span class=\"_ _92\"></span>nably likely that the option will be exer<span class=\"_ _92\"></span>cised) and the payment of<span class=\"_ _92\"></span> any penalties for<span class=\"_ _92\"></span> the early termination<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>of the contr<span class=\"_ _92\"></span>act <span class=\"_ _80\"></span> (if it is likely that th<span class=\"_ _43\"></span>e lease will be<span class=\"_ _43\"></span> terminated early<span class=\"_ _43\"></span><span class=\"ls76 ws1cb\">). The carrying amount is discou<span class=\"_ _92\"></span>nted at the inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st </span>rate implicit in the lease if that<span class=\"lsa4 wsaec\"> rate can be r<span class=\"_ _92\"></span>eadily<span class=\"_ _43\"></span> determine<span class=\"_ _43\"></span>d. Other<span class=\"_ _43\"></span>wis<span class=\"_ _43\"></span>e, the carr<span class=\"_ _43\"></span>ying amount is </span>discounted based on VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s incremental<span class=\"_ _92\"></span> borrowing rate<span class=\"_ _92\"></span>.  Determin<span class=\"_ _43\"></span>ation of the term of lease<span class=\"_ _43\"></span>s Determining the t<span class=\"_ _92\"></span>erm of a lease when a clear fixed term has no<span class=\"_ _92\"></span>t been agreed in advance can be fr<span class=\"_ _92\"></span>aught with measur<span class=\"_ _92\"></span>ement uncertainties<span class=\"_ _92\"></span>. All facts and circumstances <span class=\"_ _92\"></span>that repr<span class=\"_ _92\"></span>esent an economic incen<span class=\"_ _92\"></span>tive for the exercise of a renewal option and/or th<span class=\"_ _43\"></span>e non-exercise of a termination opt<span class=\"_ _43\"></span>ion are taken into account when determining the t<span class=\"_ _92\"></span>erm. For land<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>leases in particular<span class=\"_ _14\"></span>, cont<span class=\"_ _92\"></span>racts are freque<span class=\"_ _92\"></span>ntly concluded for as long as the leased power<span class=\"_ _92\"></span> plant or line is expected to contin<span class=\"_ _92\"></span>ue to function at its presen<span class=\"_ _92\"></span>t level or in the form of an indefinite lease<span class=\"_ _92\"></span>. In these cases, the pr<span class=\"_ _92\"></span>esumed dura<span class=\"ls76 ws7e\">tion<span class=\"_ _92\"></span> of the lease is oriented on the expect<span class=\"_ _92\"></span>ed useful </span>life of the po<span class=\"_ _92\"></span>wer plant or line<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span>Subsequent measurement of leases The right-of-use as<span class=\"_ _92\"></span>set is depreciated syst<span class=\"_ _92\"></span>ematically based on the short<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r period of the useful l<span class=\"_ _92\"></span>ife of the asset or the r<span class=\"_ _92\"></span>emaining term o<span class=\"_ _0\"></span>f the lease<span class=\"_ _92\"></span>. The lease liability is<span class=\"_ _92\"></span> marked up for accruing i<span class=\"_ _92\"></span>nterest and reduced by le<span class=\"_ _92\"></span>ase payments<span class=\"_ _92\"></span>.  4.2.2  Contributions to building costs and grants<span class=\"_ _333\"> </span>4.4<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span><span class=\"ff2a wsb3a\">Recov<span class=\"_ _92\"></span>erability of non-financial assets </span></span><div class=\"t m0 h19 ff2c fs6 fc0 sc0 lsb0 ws22e gs645\">Determination of value in use </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws652 gs646\">As a rule, v<span class=\"_ _92\"></span>alue in use is determined using net pr<span class=\"_ _92\"></span>esent value method<span class=\"_ _92\"></span>s (discoun<span class=\"_ _92\"></span>ted cash flow method). </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws463 gs647\">Prices are d<span class=\"_ _92\"></span>etermined using price listings for<span class=\"_ _92\"></span> energy futures an<span class=\"_ _92\"></span>d the VERBUND Outloo<span class=\"_ _92\"></span>k model. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws3b3 gs648\">VERBUND Out<span class=\"_ _92\"></span>look is an energy simula<span class=\"_ _92\"></span>tion tool for the developmen<span class=\"_ _92\"></span>t of medium- and long-term </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws806 gs27\">electricity and nat<span class=\"_ _92\"></span>ural gas price scenarios fo<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>energy mark<span class=\"_ _92\"></span>ets. Cash fl<span class=\"_ _92\"></span>ows are gener<span class=\"_ _92\"></span>ally derived from the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws21e gs649\">recent medium-term plans appro<span class=\"_ _92\"></span>ved by management<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6f6 gs64a\">The excess fin<span class=\"_ _92\"></span>ancial return expected in the period aft<span class=\"_ _92\"></span>er the end of the applicability o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the price </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls73 ws888 gs64b\">forecasts from VERBUND Outlook (<span class=\"_ _43\"></span>= terminal value pha<span class=\"_ _43\"></span>se) is take<span class=\"_ _43\"></span>n into account by way of terminal </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws365 gs64c\">value calc<span class=\"_ _92\"></span>ulation, whereb<span class=\"_ _92\"></span>y the calculation is based on<span class=\"_ _92\"></span> an assumption that the exc<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ss financial<span class=\"_ _92\"></span> return </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws184 gs2c\">will grow<span class=\"_ _92\"></span> at a rate of 2 %. </div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 lsc4 ws23e gs64d\">Recognition of impairment losses an<span class=\"_ _92\"></span><span class=\"ls85 ws575\">d reversals of impa<span class=\"_ _92\"></span>ir<span class=\"_ _43\"></span>ment losses </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws6a8 gs64e\">If the reaso<span class=\"_ _92\"></span>ns for impairment no longer apply in<span class=\"_ _92\"></span> a subsequent period, a reversal is t<span class=\"_ _92\"></span>o be recognised in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb4 wsb3e gs64f\">profit or loss. Both impairment losses as we<span class=\"_ _43\"></span>ll as reve<span class=\"lsab ws42d\">rsals of impairment losses are recognised in profit </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 wsb3f gs650\">or loss<span class=\"_ _92\"></span>, presented in the in<span class=\"_ _92\"></span>come statement and segm<span class=\"_ _92\"></span>ent reporting as impairmen<span class=\"_ _92\"></span>t losses and/or </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws340 gs651\">reversals o<span class=\"_ _92\"></span>f impairment losses and explained in the no<span class=\"_ _92\"></span>tes. </div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls141 wsacd gs653\">4.4.1 Impairment testin<span class=\"_ _92\"></span>g of goodwill<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa4 wsb40 gs655\">For the purpose of impairment test<span class=\"_ _43\"></span>ing, VERBUND\u2019<span class=\"_ _92\"></span><span class=\"ls77 wsb41\">s goodw<span class=\"_ _43\"></span>ill was allocated to the following cash<span class=\"_ _43\"></span>-<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs656\">genera<span class=\"_ _0\"></span>ting units or gr<span class=\"_ _92\"></span>oups of cash-genera<span class=\"_ _92\"></span>ting units<span class=\"_ _43\"></span>: </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls230 ws0 gs657\">Goodwill<span class=\"_ _92\"></span> <span class=\"_ _283\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs658\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws5a7 gs659\">Hydro segment<span class=\"_ _92\"></span> <span class=\"_ _284\"> </span><span class=\"fc4 ls0 ws0\">287.0 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">287.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gs65a\">Sales segment <span class=\"_ _24d\"> </span><span class=\"fc4 ls0 ws0\">13.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>3.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs65b\">Inn River po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _26b\"> </span><span class=\"fc4 ls0 ws0\">126.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">126.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws5a6 gs65c\">Grenzkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _4\"> </span><span class=\"fc4 ls0 ws0\">161.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">161.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs65d\">Gas Connect Austria <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">39.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs65e\">SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG <span class=\"_ _ed\"> </span><span class=\"fc4 ls0 ws0\">40.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">40.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs65f\">Spanish renewa<span class=\"_ _92\"></span>bles portfolio<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs660\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs661\"> <span class=\"_ _285\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">78.4 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsc9 ws0 gs662\">Goodwill <span class=\"_ _286\"> </span><span class=\"fc4 ls18\">667.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">706.6</span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws660 gs939\">The carrying amoun<span class=\"_ _92\"></span>ts of interests accoun<span class=\"_ _92\"></span>ted for using the equity method ar<span class=\"_ _92\"></span>e adjusted to<span class=\"_ _92\"></span> reflect changes </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws423 gs93a\">in the investee<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s net assets in accor<span class=\"_ _92\"></span>dance with IAS 28 no later th<span class=\"_ _92\"></span>an one quarter following the underlying </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b wsb62 gs93b\">changes<span class=\"_ _92\"></span>. If VERBUND\u2019<span class=\"_ _14\"></span>s share of l<span class=\"_ _92\"></span>osses from an int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rest acco<span class=\"_ _92\"></span>unted for using the equity me<span class=\"_ _92\"></span>thod </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb1 wsa0c gs93c\">corres<span class=\"_ _92\"></span>ponds to or exceeds the carrying amoun<span class=\"_ _92\"></span>t of th<span class=\"ls74 ws920\">e equity inter<span class=\"_ _92\"></span>est, additional losses ar<span class=\"_ _92\"></span>e only taken </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws2a4 gs93d\">into accoun<span class=\"_ _92\"></span>t and recognised as a liability to th<span class=\"_ _92\"></span>e extent that leg<span class=\"_ _92\"></span>al or constructive obligat<span class=\"_ _92\"></span>ions were </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws19a gs93e\">undertaken or pa<span class=\"_ _92\"></span>yments were m<span class=\"_ _92\"></span>ade for the equity-accounted inter<span class=\"_ _92\"></span>est. The carrying amount of the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws63e gs93f\">equity-accounted int<span class=\"_ _92\"></span>erest includes the shar<span class=\"_ _92\"></span>e calculated based on<span class=\"_ _92\"></span> equity method accounting plus all<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws567 gs940\">long-term equity inter<span class=\"_ _92\"></span>ests that ar<span class=\"_ _92\"></span>e to be allocated to the net in<span class=\"_ _92\"></span>vestment in the equity-accoun<span class=\"_ _92\"></span>ted interest </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs941\">based on their economi<span class=\"_ _92\"></span>c substance. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws99 gs942\">Net in<span class=\"_ _92\"></span>vestments in associated compan<span class=\"_ _92\"></span>ies and joint ventures <span class=\"_ _92\"></span>are tested for objective indica<span class=\"_ _92\"></span>tions of<span class=\"_ _43\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws65a gs943\">impairment at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. If there ar<span class=\"_ _92\"></span>e any such indic<span class=\"_ _92\"></span>ations, an impairment t<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st must b<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws340 gs944\">conducted for int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rests accoun<span class=\"_ _92\"></span>ted for using the equity method in accor<span class=\"_ _92\"></span>dance with IAS 36<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs95e\">4.6<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb23\">Other equity interests</span><span class=\"ls1ba wsb23\"> </span></div>Equity interests in unconsolidat<span class=\"_ _43\"></span>ed (for lack of mater<span class=\"_ _43\"></span>i<span class=\"ls83 ws45\">ality) subsidiaries<span class=\"_ _92\"></span>, associates and joint ventur<span class=\"_ _92\"></span>es not </span>accounted for usin<span class=\"_ _92\"></span>g the equity method and other equity inter<span class=\"_ _92\"></span>ests are accoun<span class=\"_ _0\"></span>ted for in accordance with IFRS <span class=\"_ _87\"></span>9. If these equity<span class=\"_ _43\"></span> interests are held for the long term due to strategic considerations, they are classified as measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough other compre<span class=\"_ _92\"></span>hensive income (FVO<span class=\"_ _43\"></span>CI). Otherwise they are classified as measur<span class=\"_ _92\"></span>ed at fair value thro<span class=\"_ _92\"></span>ugh profit or los<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> (FVPL). The fair value of the<span class=\"_ _92\"></span> equity interests is derived, dep<span class=\"_ _43\"></span>ending on the situation, from market quotations, compara<span class=\"_ _92\"></span>ble<span class=\"_ _43\"></span> recent transactions, valuations based on th<span class=\"_ _43\"></span>e discounted cash flow or market multiples me<span class=\"_ _43\"></span>thods and/or cost<span class=\"_ _333\"> </span>4.7<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Investments, non-current receivables from derivativ<span class=\"_ _92\"></span>e  </span>financial instruments and no<span class=\"ls120 ws6d1\">n-current other receivables</span><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls98 ws584 gs98e\">Investments and loans are classified based on the provisions of IFRS <span class=\"_ _80\"></span>9.<span class=\"_ _43\"></span> Acquisitions and disposals of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws911 gs98f\">investmen<span class=\"_ _92\"></span>ts are recognised a<span class=\"_ _92\"></span>t the trade date<span class=\"_ _92\"></span>. The carrying amount of fin<span class=\"_ _92\"></span>ancial assets measured a<span class=\"_ _92\"></span>t </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs990\">amortised cost is determined based o<span class=\"_ _92\"></span>n the effective interest meth<span class=\"_ _92\"></span>od in consideration of any im<span class=\"_ _92\"></span>pairment </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws512 gs991\">losses<span class=\"_ _92\"></span>. The carr<span class=\"_ _43\"></span>ying amount<span class=\"_ _92\"></span> of financial assets measur<span class=\"_ _92\"></span>ed at fair value in the bal<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nce sheet is derive<span class=\"_ _92\"></span>d </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws156 gs992\">based on IFRS <span class=\"_ _80\"></span>13\u2019<span class=\"_ _92\"></span>s fair value hier<span class=\"_ _92\"></span>archy (see section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>5 Fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instruments). T<span class=\"_ _0\"></span>he notes r<span class=\"_ _92\"></span>egarding the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws567 gs993\">closed items on the b<span class=\"_ _92\"></span>alance sheet can be found in<span class=\"_ _0\"></span> secti<span class=\"ls6f ws5d3\">on 8.1 F<span class=\"_ _92\"></span>inancial liabilities <span class=\"_ _92\"></span>as well as in section 11 </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls88 ws30 gs994\">Risk mana<span class=\"_ _92\"></span>gement.<span class=\"_ _333\"> </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs1fa\">5.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span><span class=\"ff2a\">Accounting treatment of finan<span class=\"_ _92\"></span>cial instruments</span></span><span class=\"ff36 ls0\"><span class=\"ff2a\"> </span></span></div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls94 wsb8 gsa2c\">Primary financial instruments </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws21f gs62d\">For information r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>garding acco<span class=\"_ _92\"></span>unting polici<span class=\"ls80 wsde\">es for primar<span class=\"_ _43\"></span>y financial instruments see: </span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsa2d\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls28 ws2ae\">Interests accounted for using the e<span class=\"_ _43\"></span>quity method \u2013<span class=\"_ _43\"></span> section 4.5 </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs630\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">Other equity inter<span class=\"_ _92\"></span>ests \u2013 section 4.6 </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs631\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls98 wsc6\">Investments and non-current othe<span class=\"_ _43\"></span>r receivables \u2013 section 4.7 </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsa2e\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital \u2013 section 6 </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsa2f\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls80 wsde\">Liabilities \u2013 section 8 </span></span></div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 lsc7 ws4dd gsa30\">Deriva<span class=\"_ _92\"></span>tive financia<span class=\"_ _92\"></span>l instruments  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 wse3 gsa31\">Derivative fina<span class=\"_ _92\"></span>ncial instruments are r<span class=\"_ _92\"></span>ecognised at fair value when the contr<span class=\"_ _92\"></span>act is entered in<span class=\"_ _92\"></span>to and are </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 wsa9b gsa32\">subsequently me<span class=\"_ _92\"></span>asured at fair value<span class=\"_ _92\"></span>. As a rule, unrealised r<span class=\"_ _92\"></span>emeasuremen<span class=\"_ _92\"></span>t gains or losses are </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws82 gsa33\">recognised in the inco<span class=\"_ _92\"></span>me statement if the requir<span class=\"_ _92\"></span>ements for recognition o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships (hedg<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws327 gsa34\">accounting) in <span class=\"_ _92\"></span>accordance with IFRS <span class=\"_ _80\"></span>9 are n<span class=\"_ _92\"></span>ot met (see section <span class=\"_ _87\"></span>5.2 Accounting trea<span class=\"_ _92\"></span>tment of hedging </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls73 ws0 gsa35\">relationships). </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b wse0 gsa36\">Derivative fin<span class=\"_ _92\"></span>ancial instruments with positive fair<span class=\"_ _0\"></span> values ar<span class=\"_ _92\"></span>e recognised under r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables fr<span class=\"_ _92\"></span>om </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws3c4 gsa37\">derivative finan<span class=\"_ _92\"></span>cial instruments, while those <span class=\"_ _92\"></span>with ne<span class=\"ws105\">gative fair values ar<span class=\"_ _92\"></span>e recognised under liabilities </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws577 gsa38\">from deriv<span class=\"_ _92\"></span>ative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments. If a f<span class=\"_ _92\"></span>ramework agr<span class=\"_ _92\"></span>eement with a netting arr<span class=\"_ _92\"></span>angement h<span class=\"_ _92\"></span>as been </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws9c2 gsa39\">enter<span class=\"_ _92\"></span>ed into with a counterparty, th<span class=\"_ _92\"></span>e positive and negative fair v<span class=\"_ _92\"></span>alues of the transactio<span class=\"_ _92\"></span>ns for this </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6f5 gsa3a\">counterparty fo<span class=\"_ _92\"></span>r the corresponding periods ar<span class=\"_ _92\"></span>e netted for accountin<span class=\"_ _92\"></span>g purposes because the aim is to </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls77 wsd0 gsa3b\">settle on a net<span class=\"_ _43\"></span> basis. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws4a8 gsa3c\">So-called own-use contracts are not accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for as <span class=\"lsbc ws978\">derivative financial inst<span class=\"ls98 ws671\">ruments, but instead as </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws76e gsa3d\">executory contracts (<span class=\"_ _92\"></span>own use exem<span class=\"_ _92\"></span>ption). If supplier contr<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>cts that<span class=\"_ _92\"></span> previously repr<span class=\"_ _92\"></span>esented own-use </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 wsdf gsa3e\">contracts le<span class=\"_ _92\"></span>ad to a net settlement within the <span class=\"_ _92\"></span>meaning of IFRS <span class=\"_ _92\"></span>9, they must be qualified as fr<span class=\"_ _92\"></span>eestanding </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws45 gsa3f\">derivatives and r<span class=\"_ _92\"></span>ecognised at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span> </div>In the even<span class=\"_ _92\"></span>t of insolvency, derivative fin<span class=\"_ _92\"></span>ancial instruments in the fin<span class=\"_ _92\"></span>ance area (under closed it<span class=\"_ _92\"></span>ems on the balance sheet)<span class=\"_ _92\"></span> can be netted agains<span class=\"_ _92\"></span>t the financial liabilities cl<span class=\"_ _92\"></span>assified as FVPL (under closed items on the balance <span class=\"_ _92\"></span>sheet) (see section 11 Risk man<span class=\"_ _92\"></span>agement).<span class=\"_ _333\"> </span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs4f5\">5.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Accounting treatment of <span class=\"ls124 ws2ca\">hedging relationships</span></span><span class=\"lsef ws877\"><span class=\"ls124 ws2ca\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws5f9 gsbcf\">VERBUND applies speci<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l accountin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> policies fo<span class=\"_ _92\"></span>r hedging relatio<span class=\"_ _92\"></span>nships in the energy are<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span> as well as in<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls28 ws2ae gsbd0\">the finance area. </div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 lsef wsb3a gsbd2\">5.2.1 Hedging transactions in the energy area </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 wsa0d gsbd3\">VERBUND emplo<span class=\"_ _92\"></span>ys electricity for<span class=\"_ _43\"></span>ward con<span class=\"_ _92\"></span>tracts and electricity futur<span class=\"_ _92\"></span>es contracts as well as <span class=\"_ _92\"></span>options as </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws5d6 gsbd4\">derivatives within th<span class=\"ls63 ws42e\">e meaning of IFRS <span class=\"_ _14\"></span>9 as part of cash fl<span class=\"ls82 ws801\">ow hedges in the energy ar<span class=\"_ _92\"></span>ea. Since the 2020 </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws834 gsbd5\">financial year<span class=\"_ _80\"></span>, options have been used as part <span class=\"_ _92\"></span>of a collar strategy in which a certain<span class=\"_ _92\"></span> price band is to be </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws808 gsbd6\">hedged for futur<span class=\"_ _92\"></span>e electricity purchases<span class=\"_ _92\"></span>. The goal of<span class=\"lsa2 ws10c\"> hedging rel<span class=\"_ _92\"></span>ationships is to reduce the cash fl<span class=\"_ _92\"></span>ow </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gsbd7\">volatility r<span class=\"_ _92\"></span>esulting from<span class=\"_ _92\"></span> market price fluctuation<span class=\"_ _92\"></span>s by hedging the prices for the fo<span class=\"_ _0\"></span>llowing tran<span class=\"_ _92\"></span>sactions<span class=\"_ _43\"></span>: </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws0 gsbd8\">(1)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"ws366\">sale of own gener<span class=\"_ _92\"></span>ation and marketin<span class=\"_ _92\"></span>g of electricity from r<span class=\"_ _92\"></span>enewable energy plan<span class=\"_ _92\"></span>ts not owned by </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls79 ws0 gsbd9\">VERBUND; </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws0 gsbda\">(2)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for electricity deliveries to customers; and </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws0 gsbdb\">(3)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for gas deliveries to customer<span class=\"_ _92\"></span>s. </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws6ad gsbdc\">The timing and amo<span class=\"_ _92\"></span>unt of the hedging of futur<span class=\"_ _92\"></span>e electricity deliveries depends in each c<span class=\"_ _92\"></span>ase on the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws80d gsbdd\">curren<span class=\"_ _92\"></span>t price trend. As a gener<span class=\"_ _92\"></span>al rule, the hed<span class=\"_ _92\"></span>ges are enter<span class=\"_ _92\"></span>ed into successively. A <span class=\"_ _92\"></span>portion of the entir<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws7b0 gsbde\">volume anticipa<span class=\"_ _92\"></span>ted is hedged correspondin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> to the risk man<span class=\"_ _92\"></span>agement stra<span class=\"_ _92\"></span>tegy. As a rule, once th<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws39b gsbdf\">relevan<span class=\"_ _92\"></span>t contractual terms of the <span class=\"_ _92\"></span>electricity futures<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> forwards and option<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> enter<span class=\"_ _92\"></span>ed into coincide with </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws229 gsbe0\">those of the underl<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span>ing trans<span class=\"_ _92\"></span>actions, a qualitative meas<span class=\"_ _92\"></span>urement of effectivenes<span class=\"_ _92\"></span>s is carried out. As a </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws75c gsbe1\">general rule<span class=\"_ _92\"></span>, it can be assumed that <span class=\"_ _92\"></span>the changes in the value o<span class=\"_ _92\"></span>f the hedging instruments en<span class=\"_ _92\"></span>tirely offset </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws45 gsbe2\">the changes in<span class=\"_ _92\"></span> the future cash flo<span class=\"_ _92\"></span>ws.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a wsf7 gsbe3\">The exception<span class=\"_ _92\"></span> to this rule is hedges of electrici<span class=\"_ _92\"></span><span class=\"ls33 ws349\">ty deliveries on a mark<span class=\"_ _92\"></span>et differing from the place of<span class=\"_ _92\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls95 ws663 gsbe4\">delivery. Such hedges ha<span class=\"_ _92\"></span>ve been used since 1 <span class=\"_ _87\"></span>Oc<span class=\"ls7d wsad1\">tober 2018 as a consequence of the restriction on </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws29f gsbe5\">unlimited tradin<span class=\"_ _92\"></span>g on the German-Austrian electricity <span class=\"ls74 ws7a5\">m<span class=\"_ _92\"></span>arket. Due t<span class=\"_ _92\"></span>o the higher liquidity, the m<span class=\"_ _92\"></span>ajority </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws3ad gsbe6\">of Aus<span class=\"_ _92\"></span>trian electricity deliveries are hedged with Germ<span class=\"_ _92\"></span>an futures mark<span class=\"_ _92\"></span>et products<span class=\"_ _92\"></span>. The Austrian price is </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws451 gsbe7\">made up of the German<span class=\"_ _92\"></span> pr<span class=\"_ _43\"></span>ice plus a German/Austrian<span class=\"_ _92\"></span> spread. German forward pr<span class=\"_ _92\"></span>oducts are therefo<span class=\"_ _92\"></span>re </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws451 gsbe8\">used to hedge A<span class=\"_ _92\"></span>ustrian electrici<span class=\"ls81 ws4f2\">ty deliveries, <span class=\"_ _92\"></span>whereby the co<span class=\"_ _92\"></span>nditions between the hedging ins<span class=\"_ _92\"></span>truments </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gsbe9\">and the planned cash fl<span class=\"_ _92\"></span>ows essentially ma<span class=\"_ _92\"></span>tch also in these cases<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws13b gsbea\">Insignifican<span class=\"_ _92\"></span>t ineffective portions of the hed<span class=\"_ _92\"></span>ges can result fr<span class=\"_ _92\"></span>om the German/Austrian<span class=\"_ _92\"></span> location spr<span class=\"_ _92\"></span>ead, </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws74 gsbeb\">from ch<span class=\"_ _92\"></span>anges in the counterparty\u2019<span class=\"_ _14\"></span>s or VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s credit risk or a r<span class=\"_ _92\"></span>educed volume of the expected </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws65 gsbec\">electricity delivery.  </div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls16 wsa80 gs5b\">Accounting tr<span class=\"_ _92\"></span>eatment of hedging<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>transactions i<span class=\"_ _92\"></span>n the energy area </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws168 gsbed\">In the case of <span class=\"_ _92\"></span>derivative financial instrumen<span class=\"_ _92\"></span>ts that are desig<span class=\"_ _92\"></span>nated as cash flow hedges in<span class=\"_ _92\"></span> accordance </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a wscd gsbee\">with IFRS <span class=\"_ _14\"></span>9, the portion of<span class=\"_ _92\"></span> the unrealised gains or<span class=\"_ _92\"></span> losses that is determin<span class=\"_ _92\"></span>ed to be an effective hedge is </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsc9 gsbef\">recognised in o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her compr<span class=\"_ _92\"></span>ehensive income. In<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>contras<span class=\"_ _92\"></span>t, ineffective portions of the hedge ar<span class=\"_ _92\"></span>e recognised </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb6 ws6a1 gsbf0\">in profit o<span class=\"_ _92\"></span>r loss. When using op<span class=\"_ _92\"></span>tions, only the in<span class=\"_ _92\"></span>trinsi<span class=\"ls108 ws329\">c value of the op<span class=\"_ _92\"></span>tions will <span class=\"lsa3 ws152\">be designat<span class=\"_ _92\"></span>ed within the<span class=\"_ _43\"></span> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws1ba gsbf1\">framewor<span class=\"_ _92\"></span>k of the hedging rela<span class=\"_ _92\"></span>tionship and the change in fair value wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be recognised separ<span class=\"_ _92\"></span>ately as </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls46 ws2c6 gs61\">costs of hedging in othe<span class=\"ls99 ws369\">r compre<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ensive income.<span class=\"_ _333\"> </span></span><span class=\"ls99 ws369\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls66 ws5b2 gsbf3\">Unr<span class=\"_ _92\"></span>ealised gains or losses ar<span class=\"_ _92\"></span>e only reclas<span class=\"_ _92\"></span>sified <span class=\"_ _43\"></span>(\u201c<span class=\"ls7c ws361\">r<span class=\"_ _92\"></span>ec<span class=\"_ _43\"></span>ycled\u201d) to t<span class=\"_ _92\"></span>he income statemen<span class=\"_ _92\"></span>t when the hedged </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls0 ws2ac gsbf4\">item affects profit or loss<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws9bf gsbf5\">Electricity, gas and CO<span class=\"_ _333\"> </span></div><div class=\"t m0 h46 ff28 fs13 fc0 sc0 ls0 ws0 gsbf6\">2</div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws968 gsbf7\"> derivatives<span class=\"_ _92\"></span> not designated as hed<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>ing instruments <span class=\"_ _92\"></span>are allocated to<span class=\"_ _92\"></span> the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws3c8 gsbf8\">wholesale portf<span class=\"_ _92\"></span>olio<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> F<span class=\"_ _92\"></span>air value changes<span class=\"_ _92\"></span> in (freestanding) el<span class=\"_ _92\"></span>ectricity and gas deriva<span class=\"_ _92\"></span>tives in the wholesale </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws880 gsbf9\">portfolio tha<span class=\"_ _92\"></span>t were not designa<span class=\"_ _92\"></span>ted as hedging instruments ar<span class=\"_ _92\"></span>e recognised in profit or<span class=\"_ _92\"></span> loss net of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws340 gsbfa\">previously r<span class=\"_ _92\"></span>ealised futures and follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing the netting of <span class=\"_ _92\"></span>positive and negative fair values<span class=\"_ _92\"></span>. </div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls24f ws962 gsbfc\">5.2.2 Hedging trans<span class=\"_ _92\"></span>actions<span class=\"ls250 wsa81\"> in the finance area </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws4c8 gsbfd\">Apart fr<span class=\"_ _92\"></span>om derivative transac<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ions in connection with closed items on<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he balance sheet, futur<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws11b gsbfe\">payments un<span class=\"_ _92\"></span>der financial liabilities bearing in<span class=\"_ _92\"></span>terest at a varia<span class=\"_ _92\"></span>ble rate are hedged b<span class=\"_ _92\"></span>y means of inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls251 ws0 gsbff\">r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> s<span class=\"_ _80\"></span>w<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>p<span class=\"_ _87\"></span>s<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> o<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>d<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span>u<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> c<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> f<span class=\"_ _80\"></span>l<span class=\"_ _80\"></span>o<span class=\"_ _87\"></span>w<span class=\"_ _80\"></span> r<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span> w<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> m<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _87\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _87\"></span>.<span class=\"_ _80\"></span> <span class=\"_ _80\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7e ws346 gsc00\">The hedging instr<span class=\"_ _43\"></span>uments\u2019 contract terms are almost <span class=\"ls76 ws1f6\">identical to those o<span class=\"_ _92\"></span>f th<span class=\"ls6f ws74\">e hedged items (critic<span class=\"_ _92\"></span>al </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws1c6 gsc01\">terms matc<span class=\"_ _92\"></span>h). The qualitative basis of <span class=\"_ _92\"></span>this economic relatio<span class=\"_ _92\"></span>nship is regularly r<span class=\"_ _92\"></span>eviewed by VERBUND<span class=\"_ _92\"></span>. <span class=\"_ _80\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws30c gsc02\">As a general rul<span class=\"_ _92\"></span>e, it can be assum<span class=\"_ _92\"></span>ed that the changes in <span class=\"_ _92\"></span>the value of the he<span class=\"_ _92\"></span>dging instruments entir<span class=\"_ _92\"></span>ely </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws194 gsc03\">offset the chang<span class=\"_ _92\"></span>es in the future cash flo<span class=\"_ _92\"></span>ws. The entir<span class=\"_ _92\"></span>e risk of an increase in the m<span class=\"_ _92\"></span>arket inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st ra<span class=\"_ _92\"></span>te with </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws502 gsc04\">respect to v<span class=\"_ _92\"></span>ariable-interest-be<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ring financial liabilities is n<span class=\"_ _92\"></span>ot always hedged, i.e<span class=\"_ _92\"></span>. the hedge ratio doe<span class=\"_ _0\"></span>s </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab wsb79 gsc05\">not always amount to 100 <span class=\"_ _87\"></span>%. In<span class=\"_ _0\"></span>effe<span class=\"ls0 ws11c\">ctive portions of the hedges can only r<span class=\"_ _92\"></span>esult from changes in the </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws756 gsc06\">counterparty\u2019<span class=\"_ _14\"></span>s or VERBUND\u2019<span class=\"_ _14\"></span>s cr<span class=\"_ _92\"></span>edit <span class=\"_ _43\"></span>risk. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws332 gsc07\">Pa<span class=\"_ _92\"></span>yments are m<span class=\"_ _92\"></span>ade on interest r<span class=\"_ _92\"></span>ate swaps every six months<span class=\"_ _92\"></span>. The underlying variabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> market in<span class=\"_ _92\"></span>terest </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7e wsb7a gsc08\">rate is the six-month EURIBOR. The future interest payments hedged by the interest rate swaps occur in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws21f gsc09\">the following 13 years (2023 to 2035) and will be <span class=\"ls7d ws21e\">recognised in profit <span class=\"ls0\">or loss accor<span class=\"_ _92\"></span>dingly. </span></span></div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls10b ws1a gsc0a\">Accounting t<span class=\"_ _92\"></span>reatment of he<span class=\"_ _92\"></span>dging transactions i<span class=\"_ _92\"></span>n the finance ar<span class=\"_ _92\"></span>ea  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 wsa2a gsc0b\">Some of the inter<span class=\"_ _92\"></span>est rate s<span class=\"_ _92\"></span>waps are designa<span class=\"_ _92\"></span>ted as cash flow hedges in acco<span class=\"_ _92\"></span>rdance with IFRS <span class=\"_ _80\"></span>9. Those </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws3b3 gsc0c\">inter<span class=\"_ _92\"></span>est rate swaps tha<span class=\"_ _92\"></span>t hedge intra-Gr<span class=\"_ _92\"></span>oup financing at the subsidiary level are <span class=\"_ _92\"></span>accounted for as </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws1d5 gsc0d\">derivatives meas<span class=\"_ _92\"></span>ured at fair value thro<span class=\"_ _92\"></span>ugh prof<span class=\"ls80 ws54e\">it or loss in VERBUND\u2019<span class=\"_ _14\"></span>s consolidated financial </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws396 gsc0e\">statemen<span class=\"_ _92\"></span>ts. With r<span class=\"_ _92\"></span>espect to individual closed items o<span class=\"_ _92\"></span>n the balance sheet (see sectio<span class=\"_ _92\"></span>n <span class=\"_ _87\"></span>8.1 F<span class=\"_ _92\"></span>inancial </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws408 gsc0f\">liabilities and section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>11 Risk management), <span class=\"_ _92\"></span>the investme<span class=\"ls97 ws9af\">nts result in variable income that is offset by </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b wsdf gsc10\">fixed expenses<span class=\"_ _92\"></span>. In order to<span class=\"_ _92\"></span> avoid risk, inter<span class=\"_ _92\"></span>est rate swaps h<span class=\"_ _92\"></span>ave been ent<span class=\"_ _92\"></span>ered into for the corr<span class=\"_ _92\"></span>esponding </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws40d gsc11\">financial li<span class=\"_ _92\"></span>abilities. These<span class=\"_ _92\"></span> interest ra<span class=\"_ _92\"></span>te swaps exhibit a risk pr<span class=\"_ _92\"></span>ofile that <span class=\"_ _92\"></span>perfectly opposes the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws1cd gsc12\">corres<span class=\"_ _92\"></span>ponding profile of the as<span class=\"_ _92\"></span>sociated balance sheet items<span class=\"_ _92\"></span>. Therefor<span class=\"_ _92\"></span>e, the carrying amoun<span class=\"_ _92\"></span>t of the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7a ws6aa gsc13\">associated financial liabilities is adjusted accordin<span class=\"_ _92\"></span><span class=\"ls74 ws347\">g to the hedged risk to balance o<span class=\"_ _92\"></span>ut the fair value </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsc9 gsc14\">measur<span class=\"_ _92\"></span>ement of the inter<span class=\"_ _92\"></span>est rate swa<span class=\"_ _92\"></span>ps. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws238 gsc15\">The fair value of in<span class=\"_ _92\"></span>terest rate s<span class=\"_ _92\"></span>waps corresponds to<span class=\"_ _92\"></span> the amount that VERBUN<span class=\"_ _92\"></span>D would receive or ha<span class=\"_ _92\"></span>ve </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls88 wsb7b gsc16\">to pay if the <span class=\"_ _92\"></span>transaction wer<span class=\"_ _92\"></span>e terminated on the r<span class=\"_ _92\"></span>eporting date<span class=\"_ _92\"></span>. When calculatin<span class=\"_ _92\"></span>g that amoun<span class=\"_ _92\"></span>t, current </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 wsb7c gsc17\">inter<span class=\"_ _92\"></span>est rates, yield curves and coun<span class=\"_ _92\"></span>terparty<span class=\"_ _43\"></span> credit risk in particular ar<span class=\"_ _92\"></span>e taken into account (see<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls1b ws2c4 gsc18\">section 5 Financia<span class=\"ls38 ws1a0\">l instrument<span class=\"_ _43\"></span>s).</span><span class=\"ls38 ws1a0\"> </span></div>5.3 Recov<span class=\"_ _92\"></span>erability of financial assets<span class=\"_ _92\"></span> V<span class=\"_ _14\"></span>aluation allowanc<span class=\"_ _92\"></span>es are recognised a<span class=\"_ _92\"></span>t ever<span class=\"_ _43\"></span>y reporting date<span class=\"_ _92\"></span> for expected credit losses for fin<span class=\"_ _92\"></span>ancial assets that wer<span class=\"_ _92\"></span>e classified as measured a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> amorti<span class=\"lsa5 wsb84\">sed cost (<span class=\"_ _43\"></span>AC) and/or debt<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span> that were </span>classified as measur<span class=\"_ _92\"></span>ed at fair value throu<span class=\"_ _92\"></span>gh othe<span class=\"ls99 ws7f7\">r comprehensive income (F<span class=\"_ _43\"></span><span class=\"ls87 wsa14\">VO<span class=\"_ _43\"></span>CI), receivables under </span></span>leases, con<span class=\"_ _92\"></span>tract assets and financial guaran<span class=\"_ _92\"></span>tee contracts.<span class=\"_ _333\"> </span>The expected cr<span class=\"_ _92\"></span>edit losses are taken<span class=\"_ _92\"></span> into account in the fo<span class=\"_ _92\"></span>llowing stages (see section <span class=\"_ _89\"></span>11 Risk<span class=\"_ _92\"></span> mana<span class=\"_ _92\"></span>gement for quantitative disclo<span class=\"_ _92\"></span>sures):  Impairment of assets <span class=\"_ _29\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _22c\"> </span><span class=\"ff2f ls24 ws95a\">Stage 1 <span class=\"_ _13a\"> </span>Stage 2 <span class=\"_ _136\"> </span><span class=\"ls9c ws61\">Stage 3 </span></span>Credit risk: <span class=\"_ _49\"> </span>Low credit risk \u2013  (credit risk has not increased significantly since its initial recognition) Elevated credit risk \u2013  (credit risk has increased significantly since its initial recognition) Significant financial difficulties on the part of the borrower or the issuer (breach of contract) Recognition of loss allow<span class=\"_ _92\"></span>ance: Impairment in the amount of the 12-month expected losses Impairment in the amount of expected lifetime losses Impairment in the amount of expected lifetime losses Calculation of interest income: Based on the effective interest rate on the gross carrying amount Based on the effective interest rate on the gross carrying amount Based on the effective interest rate on the net carrying amount \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws808\">The credit risk <span class=\"_ _92\"></span>is presumed to be low if the in<span class=\"_ _92\"></span>ternal rating c<span class=\"_ _92\"></span>orresponds to an extern<span class=\"_ _92\"></span>al investment </span></span>grade ra<span class=\"_ _92\"></span>ting (Standard &amp; P<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>or\u2019<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>: &gt; BBB\u2013; Moody\u2019<span class=\"_ _14\"></span>s: &gt; Baa3).  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws72e\">The credit risk i<span class=\"_ _92\"></span>s presumed to ha<span class=\"_ _92\"></span>ve increased significantly if t<span class=\"_ _92\"></span>he financial asset is more th<span class=\"_ _92\"></span>an 30 <span class=\"_ _14\"></span>days </span></span>past due. Recla<span class=\"_ _92\"></span>ssifications are carried out in<span class=\"_ _92\"></span> sta<span class=\"ls33 ws3a2\">ge 3 as soon as a financial a<span class=\"_ _92\"></span>sset has become credit-<span class=\"_ _333\"> </span></span>impaired, fin<span class=\"_ _92\"></span>ancial assets are mor<span class=\"_ _92\"></span>e than 90 <span class=\"_ _86\"></span>day<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> over<span class=\"_ _92\"></span>due or a breach of con<span class=\"_ _0\"></span>tract has been ascertained.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws366\">Proba<span class=\"_ _92\"></span>bilities of default and collection r<span class=\"_ _92\"></span>ates depending on the r<span class=\"_ _92\"></span>ating category serve to determine the </span></span>amount of im<span class=\"_ _92\"></span>pairment losses to be recognised. T<span class=\"_ _92\"></span>he valuation allo<span class=\"_ _92\"></span>wance is recognised in the amo<span class=\"_ _92\"></span>unt of the pres<span class=\"_ _92\"></span>ent value of the e<span class=\"_ _92\"></span>xpected credit losses.<span class=\"_ _92\"></span> For<span class=\"_ _92\"></span> trade receivables<span class=\"_ _92\"></span>, contract assets <span class=\"_ _92\"></span>and receivabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s under leases<span class=\"_ _92\"></span>, a simplified method is ap<span class=\"_ _92\"></span>plied to measur<span class=\"_ _92\"></span>e the valuation all<span class=\"_ _92\"></span>owance. F<span class=\"_ _92\"></span>or these receiva<span class=\"_ _92\"></span>b<span class=\"ls71 ws65d\">les and assets, a valuation allowance is alway<span class=\"_ _92\"></span>s </span>recognised in the amoun<span class=\"_ _92\"></span>t of the lifetime expected cr<span class=\"_ _92\"></span>edit loss using a loss all<span class=\"_ _92\"></span>owance table<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs4f5\">6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gsd80\">W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsd81\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsd82\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsd83\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls96 ws0 gsd84\">instruments<span class=\"_ _43\"></span>; </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsd85\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsd86\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span><span class=\"ff36\"><span class=\"ff28 ls75 ws81\"> </span></span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1b7 wsb8b gsd88\">6.1 Invent<span class=\"_ _92\"></span>ories and proof<span class=\"lsee ws2c7\"> of origin and/or  </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 lsef ws877 gsd89\">green electricity certificates </div>Inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ntories of prim<span class=\"_ _92\"></span>ar<span class=\"_ _43\"></span>y energy sour<span class=\"_ _92\"></span>ces as well as additives an<span class=\"_ _92\"></span>d consumables ar<span class=\"_ _92\"></span>e measured at <span class=\"_ _92\"></span>the lower of cost or net r<span class=\"_ _92\"></span>ealisable value a<span class=\"_ _92\"></span>t the reporting da<span class=\"_ _92\"></span>te. The use of prim<span class=\"_ _92\"></span>ar<span class=\"_ _43\"></span>y energy source<span class=\"_ _92\"></span>s and raw materials<span class=\"_ _92\"></span>, additives and consumables is determ<span class=\"_ _92\"></span>ined using the moving a<span class=\"_ _92\"></span>verage price method.  Inventories of natural gas held for trading b<span class=\"_ _92\"></span>y VE<span class=\"_ _43\"></span>RBUND are measur<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d through profit or loss under other rev<span class=\"_ _92\"></span>enue. Accor<span class=\"_ _92\"></span>ding to the brok<span class=\"_ _92\"></span>erage exemption<span class=\"_ _92\"></span> for raw m<span class=\"_ _92\"></span>aterials and commodity dealers<span class=\"_ _92\"></span>, the measur<span class=\"_ _92\"></span>ement benchmark is f<span class=\"_ _92\"></span>air value (Level 1) less cos<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s to sell. The fair<span class=\"_ _92\"></span> value correspon<span class=\"_ _92\"></span>ds to the quoted price fo<span class=\"_ _43\"></span>r front-month gas forwards on the<span class=\"_ _43\"></span> Central Eur<span class=\"_ _92\"></span>op<span class=\"_ _43\"></span>ean Gas H<span class=\"_ _92\"></span>ub<span class=\"_ _43\"></span> (CEGH) or NetConnec<span class=\"_ _43\"></span>t Germany (NCG).<span class=\"_ _92\"></span> Guaran<span class=\"_ _92\"></span>tees of origin and green el<span class=\"_ _92\"></span>ectricity certificates that ar<span class=\"_ _92\"></span>e held for sale in the norm<span class=\"_ _92\"></span>al course of business are r<span class=\"_ _92\"></span>ecognised in accordan<span class=\"_ _92\"></span>ce with IAS 2 an<span class=\"ls6b ws328\">d IAS <span class=\"_ _92\"></span>20. Guaran<span class=\"_ _92\"></span>tees of origin and green electricity </span>certificates ar<span class=\"_ _92\"></span>e recognised as inven<span class=\"_ _92\"></span>tories when the legally enfor<span class=\"_ _92\"></span>ceable rights ar<span class=\"_ _92\"></span>e acquired (as a rule, genera<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ion of electricity in certified po<span class=\"_ _92\"></span>wer plants). Income fr<span class=\"_ _92\"></span>om the allocation<span class=\"_ _92\"></span> of certificates is presen<span class=\"_ _92\"></span>ted under other operating inco<span class=\"_ _92\"></span>me net of the change in inven<span class=\"_ _92\"></span>tories from the disposal<span class=\"_ _92\"></span> of certificates<span class=\"_ _92\"></span>. Subsequent measur<span class=\"_ _92\"></span>ements are<span class=\"_ _92\"></span> carried out at the lo<span class=\"_ _92\"></span>wer net real<span class=\"_ _92\"></span>isable value if necess<span class=\"_ _92\"></span>ar<span class=\"_ _43\"></span>y. Proceeds fr<span class=\"_ _92\"></span>om the sale of guaran<span class=\"_ _92\"></span>tees of origin or green electricity certific<span class=\"_ _92\"></span>ates are recogn<span class=\"_ _92\"></span>ised under other rev<span class=\"_ _43\"></span>en<span class=\"_ _43\"></span>ue.<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs4f5\">6.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1d3 ws9f5\">T<span class=\"_ _80\"></span>rade receivables, other rec<span class=\"lsbd wsb8e\">eivables and securities</span></span><span class=\"ls1d3 ws9f5\"><span class=\"lsbd wsb8e\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws571 gsdb0\">Trade receiv<span class=\"_ _92\"></span>ables and receivables from investees ar<span class=\"_ _92\"></span>e cl<span class=\"ls95 wsa66\">assified as measured a<span class=\"_ _92\"></span>t amortised cost (AC) and </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws81 gsdb1\">thus account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for at cost less a<span class=\"_ _92\"></span>ny impairment losses (see section 5 F<span class=\"_ _92\"></span>inancial assets).<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws1d9 gsdc6\">Other receiv<span class=\"_ _92\"></span>ables with a matu<span class=\"_ _92\"></span>rity of more than o<span class=\"_ _92\"></span>ne year are re<span class=\"_ _92\"></span>ported under investmen<span class=\"_ _92\"></span>ts and non-<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsc9 gsdc7\">curren<span class=\"_ _92\"></span>t other receivables<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 ws3a8 gsde0\">The lock-in pe<span class=\"_ _43\"></span>riod for all current financial investme<span class=\"ls81 ws4f5\">nts r<span class=\"_ _92\"></span>eported in cash and cash equiv<span class=\"_ _92\"></span>alents was less </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws354 gsde1\">than thr<span class=\"_ _92\"></span>ee months at the time the in<span class=\"_ _92\"></span>vestment was m<span class=\"_ _92\"></span>ade. Cash and cash equiv<span class=\"_ _92\"></span>alents correspon<span class=\"_ _92\"></span>d to the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws45 gsde2\">fund of cash and c<span class=\"_ _92\"></span>ash equivalents in the cash fl<span class=\"_ _92\"></span>ow statement as defined in IAS 7.<span class=\"_ _333\"> </span></div>8.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba\">Liabilities </span>The notes in this s<span class=\"_ _43\"></span>ection relate to non-current and current financial liabilities as we<span class=\"_ _43\"></span>ll as non-current other liabilities. Details reg<span class=\"_ _92\"></span>arding trade payables an<span class=\"ls78 ws421\">d curr<span class=\"_ _92\"></span>ent other liabilities are pr<span class=\"_ _92\"></span>ovided in section <span class=\"_ _14\"></span>6 </span>W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital.<span class=\"_ _333\"> </span>8.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 ws309\">Financial liabilities<span class=\"_ _333\"> </span></span>Financial liabilities ar<span class=\"_ _92\"></span>e recognised at fair value when<span class=\"lsa8 ws78b\"> the funds are pro<span class=\"_ _92\"></span>vide<span class=\"_ _43\"></span>d. As a rule, this<span class=\"_ _43\"></span> corresponds </span>to the amoun<span class=\"_ _92\"></span>t actually received. Any pr<span class=\"_ _92\"></span>emiums or discounts ar<span class=\"_ _92\"></span>e allocated over th<span class=\"_ _92\"></span>e financing term by applying the effective in<span class=\"_ _92\"></span>terest method and pr<span class=\"_ _92\"></span>esented on an accrual basis in inter<span class=\"_ _92\"></span>est expenses. Individual financial liabilities originally incur<span class=\"_ _43\"></span>red in connection with<span class=\"_ _43\"></span> cross-border leasing transactions were classified at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue throug<span class=\"ls9c ws598\">h pr<span class=\"_ _92\"></span>ofit or loss up<span class=\"_ _43\"></span>on initial recogn<span class=\"ls26 ws4d7\">ition using the fair<span class=\"_ _92\"></span> value option. <span class=\"_ _80\"></span> </span></span>As a result<span class=\"_ _92\"></span>, measurement in<span class=\"_ _92\"></span>consistencies that would ha<span class=\"_ _92\"></span>ve otherwise arisen could be eliminated. The closed items on the balance<span class=\"_ _43\"></span> sheet reported under financial liabilit<span class=\"_ _43\"></span>ies as well as under investments r<span class=\"_ _92\"></span>elate to the cross-bo<span class=\"ls71\">r<span class=\"_ _92\"></span>der leasing transactions that we<span class=\"ls7a ws86\">re terminated early in 2009 and 2010. </span></span>Some of the tr<span class=\"_ _92\"></span>ansactions wer<span class=\"_ _92\"></span>e terminated in their en<span class=\"_ _92\"></span>tirety, i.e<span class=\"_ _92\"></span>. all investments an<span class=\"_ _92\"></span>d all liabilities (A-loans and B-loans) wer<span class=\"_ _92\"></span>e repaid. Some of the tr<span class=\"_ _92\"></span>ansactions were onl<span class=\"_ _92\"></span>y <span class=\"_ _43\"></span>partially terminat<span class=\"_ _92\"></span>ed, whereby the existin<span class=\"_ _92\"></span>g B-loans and the corr<span class=\"_ _92\"></span>esponding investment<span class=\"_ _92\"></span>s were continued. Ther<span class=\"_ _92\"></span>efore, balan<span class=\"_ _92\"></span>ce sheet cover r<span class=\"_ _92\"></span>emains in place. Th<span class=\"_ _92\"></span>e accounting balances denomin<span class=\"_ _92\"></span>ated in foreign curr<span class=\"_ _92\"></span>ency<span class=\"_ _43\"></span> (US dollar) ar<span class=\"_ _92\"></span>e measured at the exchange<span class=\"_ _92\"></span> rate pr<span class=\"_ _92\"></span>evailing at the <span class=\"_ _92\"></span>reporting date<span class=\"_ _92\"></span>. Expenses and income fr<span class=\"_ _92\"></span>om the measur<span class=\"_ _92\"></span>ement corres<span class=\"_ _92\"></span>pond to one ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her both in terms<span class=\"_ _92\"></span> of value as well as with r<span class=\"_ _92\"></span>espect to the val<span class=\"_ _92\"></span>ue date and are offset<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> The financial in<span class=\"_ _92\"></span>vestments and liabilities r<span class=\"_ _92\"></span>esulting from the cr<span class=\"_ _92\"></span>oss-border leasing tr<span class=\"_ _92\"></span>ansactions that wer<span class=\"_ _92\"></span>e terminat<span class=\"_ _92\"></span>ed early continue to be pr<span class=\"_ _92\"></span>esented separately in the not<span class=\"_ _92\"></span>es to the consolidated financial statemen<span class=\"_ _92\"></span>ts in order to impr<span class=\"_ _92\"></span>ove clarity; with the ex<span class=\"_ _92\"></span>ception of the valuation<span class=\"_ _92\"></span> allowances recognised fo<span class=\"_ _92\"></span>r expected credit <span class=\"_ _92\"></span>losses, all items ar<span class=\"_ _92\"></span>e closed on the balance sheet <span class=\"_ _92\"></span>(see section 11 Risk manageme<span class=\"_ _92\"></span>nt).<span class=\"_ _333\"> </span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs95e\">8.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Non-current other liabilities</span><span class=\"lsef ws877\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws489 gsed7\">Non-<span class=\"_ _92\"></span>current other liabilities ar<span class=\"_ _92\"></span>e accounted for at amortised cos<span class=\"_ _92\"></span>t and relate primarily to the foll<span class=\"_ _92\"></span>owing </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws0 gsed8\">transactio<span class=\"_ _0\"></span>ns: </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsed9\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls83 ws1c0\">Obligation<span class=\"_ _92\"></span> to supply electricity under a 20-year<span class=\"_ _92\"></span> el<span class=\"ls33 ws15c\">ectricity supply agreem<span class=\"_ _92\"></span>ent that was<span class=\"_ _92\"></span> incurred in </span></span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls77 wsb9e gseda\">connection w<span class=\"_ _43\"></span>ith the acquisit<span class=\"_ _43\"></span>ion of Kraftwerksgruppe<span class=\"_ _43\"></span> Inn GmbH (now VERBUND Innkraftwerke </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws5e4 gsedb\">GmbH) in the 2009 reporting period<span class=\"_ _92\"></span><span class=\"ls87 ws1f9\">. An unsc<span class=\"_ _43\"></span>heduled repaymen<span class=\"_ _92\"></span>t of 60 % of the oblig<span class=\"_ _92\"></span>ation was made </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws9a gsedc\">in 2013 as part of the acquisition of (additional) B<span class=\"_ _92\"></span>avarian hydr<span class=\"_ _92\"></span>op<span class=\"_ _43\"></span>ower plant capacities<span class=\"_ _92\"></span>. </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsedd\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls9a ws489\">Obligatio<span class=\"_ _92\"></span>n to transfer the 50 <span class=\"_ _80\"></span>% inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st in Dona<span class=\"_ _92\"></span>ukraftwerk Jochens<span class=\"_ _92\"></span>tein AG back to the Fr<span class=\"_ _92\"></span>ee State of<span class=\"_ _92\"></span> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d ws6a0 gsede\">Bavaria without consideration that was assume<span class=\"_ _43\"></span>d as <span class=\"ls99 wsb9f\">part of t<span class=\"_ _43\"></span>he acquisition of (a<span class=\"_ _43\"></span>dditional) Bavarian </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws45 gsedf\">hydr<span class=\"_ _92\"></span>opower plant capacities<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsee0\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d ws21e\">Lease liabilities reported as liabilities in a<span class=\"ls95 ws0\">ccordance with IFRS 16 (s<span class=\"ls81 ws65\">ee sectio<span class=\"_ _0\"></span>n 4.3 Leases).<span class=\"_ _333\"> </span></span></span></span></span><span class=\"ff36\"><span class=\"ff28 ls7d ws21e\"><span class=\"ls95 ws0\"><span class=\"ls81 ws65\"> </span></span></span></span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gseec\">9.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls269\">Provision<span class=\"_ _92\"></span>s</span><span class=\"ls269\"> </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gseee\">9.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls124 ws2ca\">Provision<span class=\"_ _92\"></span>s in the Group<span class=\"_ _333\"> </span></span><span class=\"ls124 ws2ca\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws11b gsef0\">In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _14\"></span>37, pro<span class=\"_ _92\"></span>visions are recognised<span class=\"ls99 ws9cf\"> for legal and constructive obligations to external </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws37c gsef1\">third parties r<span class=\"_ _92\"></span>esulting fro<span class=\"_ _0\"></span>m past even<span class=\"_ _92\"></span>ts whose settlement will pr<span class=\"_ _92\"></span>obably lead to a fut<span class=\"_ _92\"></span>ure outflow of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 ws3a8 gsef2\">economic resources. It must be possible to reliably estimate the amount of the obligation. Provisions are </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsc9 gsef3\">measur<span class=\"_ _92\"></span>ed at the expected settlemen<span class=\"_ _0\"></span>t amount<span class=\"_ _92\"></span>. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws1e0 gsef4\">Non-<span class=\"_ _92\"></span>current pro<span class=\"_ _92\"></span>visions set aside to settle claims mor<span class=\"_ _92\"></span>e than twelve months in<span class=\"_ _92\"></span>to the future ar<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb1 ws409 gsef5\">discounted if the pr<span class=\"_ _92\"></span>esent value of the ex<span class=\"_ _92\"></span>pected sett<span class=\"lsa3 ws152\">lement amo<span class=\"_ _92\"></span>unt differs significantl<span class=\"_ _92\"></span>y from the nominal </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 ws736 gsef6\">amount<span class=\"_ _92\"></span>. The discount rate is a <span class=\"_ _92\"></span>pre-tax interest <span class=\"_ _92\"></span>rate ad<span class=\"ls6f ws3c6\">justed t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> the specific risks of th<span class=\"_ _92\"></span>e liability. Accrued </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws1e8 gsef7\">inter<span class=\"_ _92\"></span>est amounts are pr<span class=\"_ _92\"></span>esented as inter<span class=\"_ _92\"></span>est expenses<span class=\"_ _43\"></span>; any effects fr<span class=\"_ _92\"></span>om changes in the inter<span class=\"_ _92\"></span>est rate ar<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws102 gsef8\">recognised in the oper<span class=\"_ _92\"></span>ating resul<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span> </div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gsf0a\">9.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 ws963\">P<span class=\"_ _14\"></span>ersonnel provisions<span class=\"_ _333\"> </span></span><span class=\"ls118 ws963\"> </span><span class=\"ls118 ws963\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls77 ws9fb gsf0c\">Provisions for current pensions, vested pension bene<span class=\"_ _43\"></span>fits and similar obli<span class=\"_ _43\"></span>gations are determined in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a wsba0 gsf0d\">accordan<span class=\"_ _92\"></span>ce with IAS <span class=\"_ _62\"></span>19 using the project<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d unit credit method (PUC m<span class=\"_ _92\"></span>ethod), whereb<span class=\"_ _92\"></span>y </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws328 gsf0e\">remeas<span class=\"_ _92\"></span>urements of the net lia<span class=\"_ _92\"></span>bility are recognised in<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other compr<span class=\"_ _92\"></span>ehensive income in the year in which </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws7f gsf0f\">the liability is i<span class=\"_ _92\"></span>ncurred. With t<span class=\"_ _92\"></span>he exception of net inter<span class=\"_ _92\"></span>est expense, all ex<span class=\"_ _92\"></span>penses (and return<span class=\"_ _92\"></span>s) related to </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls77 ws54b gsf10\">these obligations are recognised under p<span class=\"_ _43\"></span>ersonnel exp<span class=\"_ _43\"></span>enses. Net interest expense is reported unde<span class=\"_ _43\"></span>r </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws65 gsf11\">inter<span class=\"_ _92\"></span>est expenses. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d wsaa1 gsf12\">These defined bene<span class=\"_ _43\"></span>fit obligations are partially covered by pension plan assets at APK Pensionskasse </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws11e gsf13\">AG earmar<span class=\"_ _92\"></span>ked for this purpose<span class=\"_ _92\"></span>. Contractual trus<span class=\"_ _92\"></span>t arrangements (CT<span class=\"_ _14\"></span>A) wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> set up in or<span class=\"_ _92\"></span>der to secure the<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws1d6 gsf14\">entitlemen<span class=\"_ _92\"></span>ts from the compa<span class=\"_ _92\"></span>ny pension plan for the<span class=\"_ _92\"></span> employees of VERB<span class=\"_ _92\"></span>UND Innkraftwerke G<span class=\"_ _92\"></span>mbH, </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 wsa9d gsf15\">Innwerk A<span class=\"_ _92\"></span>G and Grenzkraftw<span class=\"_ _92\"></span>erke GmbH. VERBUND is o<span class=\"_ _92\"></span>bligated to pr<span class=\"_ _92\"></span>ovide additional funding to the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 wsba1 gsf16\">extent the obligations are to be fulfilled through the pension fund; there is no such obligation to provide </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws354 gsf17\">additional funding fo<span class=\"_ _92\"></span>r the CT<span class=\"_ _92\"></span>A<span class=\"_ _43\"></span>. Both pension plan as<span class=\"_ _92\"></span>sets as well as the contr<span class=\"_ _92\"></span>actual trust arrangement<span class=\"_ _92\"></span>s </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws46c gsf18\">are r<span class=\"_ _92\"></span>ecognised as plan assets as defined under IAS <span class=\"_ _14\"></span>19 and offset with the pro<span class=\"_ _92\"></span>vision for current pensions </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls72 ws144 gsf19\">and vested pension be<span class=\"_ _43\"></span>nefits.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d ws98c gsf1a\">Pension plan assets are invested in complianc<span class=\"_ _43\"></span>e with th<span class=\"_ _43\"></span>e pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions of the Austrian Pension Fund Act </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb6 wsba2 gsf1b\">(Pension<span class=\"_ _92\"></span>skassengesetz, PK<span class=\"_ _92\"></span>G) and the corres<span class=\"_ _92\"></span>ponding regula<span class=\"_ _92\"></span>tions of the Austrian<span class=\"_ _92\"></span> Financial M<span class=\"_ _92\"></span>arket </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gsf1c\">Authority (FMA<span class=\"_ _92\"></span>). </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls88 ws151 gsf1d\">Similar<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>obliga<span class=\"_ _92\"></span>tions relate to<span class=\"_ _92\"></span> employer contribution<span class=\"_ _92\"></span>s for supplementary health insuran<span class=\"_ _92\"></span>ce premiums to </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws6a8 gsf1e\">be paid after retir<span class=\"_ _92\"></span>ement. The pr<span class=\"_ _92\"></span>ovisions are determin<span class=\"_ _92\"></span>ed in the same manner as pro<span class=\"_ _92\"></span>visions for pension </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa8 ws0 gsf1f\">obligations.<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d ws8d5 gsf25\">Exist<span class=\"_ _43\"></span>ing provisions for pensions and similar obligations as we<span class=\"_ _43\"></span>ll as obligations from termination benefits </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws10a gsf26\">(c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount as at 31 <span class=\"_ _14\"></span>De<span class=\"_ _43\"></span>cember 2022:<span class=\"fc9 ls0 ws0\"> <span class=\"_ _63\"></span></span>\u20ac493.9m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac693.6m) were measured based on </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 wsa7 gsf27\">assumptions an<span class=\"_ _92\"></span>d estimates as at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. The key factors of in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nce included the discoun<span class=\"_ _92\"></span>t </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws6ff gsf28\">rate<span class=\"_ _92\"></span>, the estimated r<span class=\"_ _92\"></span>etirement a<span class=\"_ _92\"></span>ge and the estimat<span class=\"_ _92\"></span>ed life expectancy as well as future incr<span class=\"_ _92\"></span>eases in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls1b ws2c4 gsf29\">salaries and pension be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span>:  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsa6 ws5f3 gsf2a\">Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsf2b\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gsf2c\">Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsf2d\">P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gsf2e\">Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gsf2f\">Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsf30\">Longevity ba<span class=\"_ _92\"></span>sed on mortality table </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2b ws29 gsf31\">AV\u00d6 2018-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2d ws0 gsf32\">P/Heubeck </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5d ws5e gsf33\">mortality tables </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5b ws5c gsf34\">2018 G </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls23 wsb58 gsf35\">AV\u00d6 2018-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsf36\">P/Heubeck </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsf37\">mortality tables </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws6d6 gsf38\">2018 G </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws29c gsf39\">Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsf3a\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsf3b\">Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsf3c\">Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gsf3d\">T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gsf3e\">(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsf3f\">Longevity ba<span class=\"_ _92\"></span>sed on mortality table </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2b ws29 gsf40\">AV\u00d6 2018-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2d ws0 gsf41\">P/Heubeck </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5d ws5e gsf42\">mortality tables </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5b ws5c gsf43\">2018 G </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls23 wsb58 gsf44\">AV\u00d6 2018-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsf45\">P/Heubeck </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsf46\">mortality tables </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws6d6 gsf47\">2018 G </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls18b ws855 gsf48\">Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsf49\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsf4a\">Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gsf4b\">Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsf4c\">Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsf4d\">Longevity ba<span class=\"_ _92\"></span>sed on mortality table </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2b ws29 gsf4e\">AV\u00d6 2018-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2d ws0 gsf4f\">P/Heubeck </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5d ws5e gsf50\">mortality tables </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5b ws5c gsf51\">2018 G </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls23 wsb58 gsf52\">AV\u00d6 2018-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsf53\">P/Heubeck </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsf54\">mortality tables </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws6d6 gsf55\">2018 G<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa8 wsba4 gsf56\">VERBUND is exposed to investme<span class=\"_ _43\"></span>nt risk, interest rate risk, life expect<span class=\"_ _43\"></span>ancy r<span class=\"_ _43\"></span>isk and salar<span class=\"_ _43\"></span>y risk<span class=\"_ _43\"></span> as well </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws142 gsf57\">as the risk of price incre<span class=\"_ _92\"></span>ases and employee turno<span class=\"_ _92\"></span>ver risk based on the existing pension and similar </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws167 gsf58\">obliga<span class=\"_ _92\"></span>tions as well as obligation<span class=\"_ _92\"></span>s from statutory termination ben<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>fits. The f<span class=\"_ _92\"></span>ollowing sensitivity analyses </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws2e7 gsf59\">show the effect<span class=\"_ _92\"></span>s resulting from<span class=\"_ _92\"></span> changes in significant act<span class=\"_ _0\"></span>uarial assumptions o<span class=\"_ _92\"></span>n the obligations<span class=\"_ _92\"></span>. The </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws3c8 gsf5a\">change in the o<span class=\"_ _92\"></span>bligation was determined in<span class=\"_ _92\"></span> a manner comparable with t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e determin<span class=\"_ _92\"></span>ation of the actual </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws145 gsf5b\">obliga<span class=\"_ _92\"></span>tion based on the PUC method in accordan<span class=\"_ _92\"></span>ce with IAS 19.<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 wsa55 gsff6\">On 31 <span class=\"_ _86\"></span>D<span class=\"_ _43\"></span>ecember 2022, the weighted aver<span class=\"_ _92\"></span>age du<span class=\"lsbc wsba6\">ration of the pension obligation was 10 <span class=\"_ _86\"></span>years </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls77 ws32c gsff7\">(previous year<span class=\"_ _43\"></span>: 13 <span class=\"_ _80\"></span>years) and that of the obligations<span class=\"_ _43\"></span><span class=\"ls70 wsba7\"> similar to pensions was 14 <span class=\"_ _80\"></span>years (previous year<span class=\"_ _43\"></span>: </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws184 gsff8\">17 years).<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws0 gs1003\">VERBUND</div><div class=\"t m0 h7 ff28 fs0 fc0 sc0 ls0 ws0 gs1004\"> <span class=\"_ _91\"> </span><span class=\"fs2 lsa2 ws3ca\">r<span class=\"_ _92\"></span>egularly coordin<span class=\"_ _92\"></span>ates the general in<span class=\"_ _92\"></span>vestment guidelines with A<span class=\"_ _92\"></span>PK Pensionskasse AG<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa5 wsba8 gs1005\">Risk management in APK Pensions<span class=\"_ _43\"></span>kasse AG is guided by<span class=\"_ _43\"></span> the provisions of the Austrian Pension Fund </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gs1006\">Act (PK<span class=\"_ _14\"></span>G<span class=\"_ _43\"></span>) and the corr<span class=\"_ _92\"></span>esponding directives o<span class=\"_ _92\"></span>f the Financial M<span class=\"_ _92\"></span>arket A<span class=\"_ _92\"></span>uthority (FMA). </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls19 ws545 gs1008\">Employees whose service began on or before 31 <span class=\"_ _88\"></span>De<span class=\"ls87 wsba9\">cember 2002 are entitled to r<span class=\"_ _92\"></span>eceive a one-time </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws1fb gs1009\">paymen<span class=\"_ _0\"></span>t based on statutory pro<span class=\"_ _92\"></span>visions in particular when they retir<span class=\"_ _92\"></span>e. This obl<span class=\"_ _92\"></span>igation is measured in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws27a gs100a\">accordan<span class=\"_ _92\"></span>ce with IAS <span class=\"_ _14\"></span>19 based on the PUC method wi<span class=\"ls67 ws365\">th an accum<span class=\"_ _92\"></span>ulation period of 25 <span class=\"_ _80\"></span>years, wher<span class=\"_ _92\"></span>eby </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f wsda gs100b\">remeas<span class=\"_ _92\"></span>urements of the net l<span class=\"_ _92\"></span>iability are r<span class=\"_ _92\"></span>ecognised immediately in other com<span class=\"_ _92\"></span>prehensive income<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws451 gs100c\">The employ<span class=\"_ _92\"></span>er is only obligated t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> make r<span class=\"_ _92\"></span>egular contributions for all emplo<span class=\"_ _92\"></span>yees whose ser<span class=\"_ _43\"></span>vice began </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 wsbaa gs100d\">after 31 <span class=\"_ _8a\"></span>December 2002 in Austria. Such con<span class=\"_ _92\"></span>tribu<span class=\"ls46 wsa7a\">tions are therefore ac<span class=\"_ _92\"></span>counted for as defined </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws2bd gs100e\">contribution plans in accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _88\"></span>19. For these emplo<span class=\"_ _92\"></span>yment contracts<span class=\"_ _92\"></span>, the employer pay<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs100f\">1.53 % of the mon<span class=\"_ _92\"></span>thly gross salary into an emp<span class=\"_ _92\"></span>loyee pension fund.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa4 wsbab gs1010\">The weighted average duration of the obligations from termination be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span> is seven years as at </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 wsf8 gs1011\">31 December 2022 (previous year: eight years).<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws80a gs102f\">The partial r<span class=\"_ _92\"></span>etirement obli<span class=\"_ _92\"></span>gation is measur<span class=\"_ _92\"></span>ed in accordance with IAS <span class=\"_ _87\"></span>19 based on the PUC meth<span class=\"_ _92\"></span>od, </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws27e gs1030\">whereb<span class=\"_ _92\"></span>y remeasur<span class=\"_ _92\"></span>ements of the net<span class=\"_ _92\"></span> liability are r<span class=\"_ _92\"></span>ecognised immediately thro<span class=\"_ _92\"></span>ugh profit or los<span class=\"_ _92\"></span>s. <span class=\"_ _89\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gs1031\">The res<span class=\"_ _92\"></span>ulting expenses to be r<span class=\"_ _92\"></span>ecognised are presen<span class=\"_ _92\"></span>ted under pension expenses<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws39c gs1032\">There ar<span class=\"_ _92\"></span>e also CT<span class=\"_ _14\"></span>As for the purpose of securing cr<span class=\"_ _92\"></span>edit balances from partial r<span class=\"_ _92\"></span>etirement model<span class=\"_ _92\"></span>s of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws642 gs1033\">employees<span class=\"_ _92\"></span> of VERBUND Innkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke <span class=\"_ _92\"></span>GmbH and Innwerk A<span class=\"_ _92\"></span>G. Ther<span class=\"_ _92\"></span>e is no obliga<span class=\"_ _92\"></span>tion to provide </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws1f8 gs1034\">additional funding. The CT<span class=\"_ _14\"></span>A is recognised as plan <span class=\"ls83 ws5e4\">assets as defined under IAS <span class=\"_ _92\"></span>19 and offset against the </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb3 ws319 gs1035\">pro<span class=\"_ _92\"></span>visio<span class=\"_ _43\"></span>n for partial retirement.<span class=\"_ _333\"> </span> </div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs4f5\">9.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1b7 ws92a\">Other provision<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span></span><span class=\"ls1b7 ws92a\"> </span></div>Dismantling an<span class=\"_ _43\"></span>d decomm<span class=\"lscf ws2f4\">issioning obligations </span>Provisions are r<span class=\"_ _92\"></span>ecog<span class=\"_ _43\"></span>nised at the dis<span class=\"_ _43\"></span>counted settleme<span class=\"_ _43\"></span>nt amounts for obligations resulting from the dismantlin<span class=\"_ _92\"></span>g or decommissioning of power<span class=\"_ _92\"></span> plants in the r<span class=\"_ _92\"></span>eporting period in which they ar<span class=\"_ _92\"></span>e incurred; <span class=\"_ _80\"></span> at the sam<span class=\"_ _92\"></span>e time, the carrying amoun<span class=\"_ _92\"></span>ts for the power pl<span class=\"_ _92\"></span>ants are incr<span class=\"_ _92\"></span>eased as a general rule (see<span class=\"_ _92\"></span> section 4.2 Pr<span class=\"_ _92\"></span>operty, plant and equipmen<span class=\"_ _92\"></span>t). In subsequent periods<span class=\"_ _92\"></span>, the capitalised cos<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s for disman<span class=\"_ _92\"></span>tling or decommissioni<span class=\"_ _92\"></span>ng are depreciated o<span class=\"_ _92\"></span>ver the (remainin<span class=\"_ _92\"></span>g) useful life of the plants; inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st is accrued annually.  The pro<span class=\"_ _92\"></span>visions are measur<span class=\"_ _92\"></span>ed at the reportin<span class=\"_ _92\"></span>g date on the basis of ass<span class=\"_ _92\"></span>umptions and estimates<span class=\"_ _92\"></span>. The key factors of influen<span class=\"_ _92\"></span>ce were the expected disma<span class=\"_ _92\"></span>ntling dates, an<span class=\"_ _92\"></span>y possible expert reports t<span class=\"_ _92\"></span>o ascertain the dismantlin<span class=\"_ _92\"></span>g and decontamination costs o<span class=\"_ _92\"></span>r proceeds from the sal<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> of scrap<span class=\"_ _14\"></span>, the valorisation of these costs and the discount ra<span class=\"_ _92\"></span>te of 2.00 %\u2013 <span class=\"fs2 ws2ac\">8.23 % (previous year: 0.25 %\u2013</span> <span class=\"fs2 ls82 ws249\">5.43 %)<span class=\"_ _333\"> </span></span><span class=\"fs2 ls82 ws249\">.<span class=\"_ _333\"> </span></span>Contingen<span class=\"_ _92\"></span>t liabilities not recogn<span class=\"_ _92\"></span>ised in VERBUND\u2019<span class=\"_ _14\"></span>s balance sheet are as<span class=\"_ _92\"></span>sessed quarterly with respect to<span class=\"_ _92\"></span> their prob<span class=\"_ _92\"></span>ability of occurrence<span class=\"_ _92\"></span>. The assessmen<span class=\"_ _92\"></span>t is carried out by the m<span class=\"_ _92\"></span>anagers r<span class=\"_ _0\"></span>esponsible<span class=\"_ _92\"></span>, taking account of m<span class=\"_ _92\"></span>arket-related inp<span class=\"_ _92\"></span>uts (to the extent pos<span class=\"_ _92\"></span>sible) and expert opinions (in individual cases).<span class=\"_ _333\"> </span>13.3<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"lsc6 wsbde\">T<span class=\"_ _80\"></span>ransactions with related parties</span><span class=\"lsc6 wsbde\"> </span><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls19 ws20e gs12ef\">Related parties of VERBUND include: </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs12f0\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">all subsidiaries<span class=\"_ _92\"></span>, associates and joint ventur<span class=\"_ _92\"></span>es<span class=\"_ _43\"></span>; </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs12f1\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls74 ws806\">the members o<span class=\"_ _92\"></span>f VERBUND\u2019<span class=\"_ _14\"></span>s Executive Board<span class=\"_ _92\"></span> and Su<span class=\"ls1b wsbdf\">per<span class=\"_ _43\"></span>visory<span class=\"_ _43\"></span> Board as well as companies controlled </span></span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs12f2\">or significan<span class=\"_ _92\"></span>tly influenced by them or their clo<span class=\"_ _92\"></span>se family members; </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs12f3\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">the Republic of A<span class=\"_ _92\"></span>ustria due to its position as the m<span class=\"_ _92\"></span>ajority sharehol<span class=\"_ _92\"></span>der<span class=\"_ _63\"></span>; and </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs12f4\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls26 ws340\">companies con<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>rolled or sign<span class=\"_ _92\"></span>ificantly influenced by the R<span class=\"_ _92\"></span>epublic of Austria.  </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws7a5 gs12f5\">Transactio<span class=\"_ _92\"></span>ns between related parties ar<span class=\"_ _92\"></span>e carried out <span class=\"ls76 ws1d1\">at arm<span class=\"_ _14\"></span>\u2019<span class=\"_ _92\"></span>s length<span class=\"_ _92\"></span>. Transactions with subsidiaries<span class=\"_ _92\"></span>, </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 ws4aa gs12f6\">joint vent<span class=\"_ _92\"></span>ures or associates not included in the basis <span class=\"ls77 ws8e7\">of consolidation due to a lack of material<span class=\"_ _43\"></span>ity are not </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs12f7\">presen<span class=\"_ _92\"></span>ted owing to their immateriality. <span class=\"_ _92\"></span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "1.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsbd ws83f\">Financial reporting p<span class=\"_ _92\"></span>rinciples<span class=\"_ _333\"> </span></span>VERBUND prepar<span class=\"_ _92\"></span>es its consolidated financial statements in accord<span class=\"ls64 ws662\">ance with Section <span class=\"_ _88\"></span>245a(1) of the<span class=\"_ _333\"> </span></span><span class=\"ls64 ws662\"> </span>Austrian Co<span class=\"_ _92\"></span>mmercial Code (Unt<span class=\"_ _92\"></span>ernehmensgesetzbuch, UGB) in com<span class=\"_ _92\"></span>pliance with Intern<span class=\"_ _92\"></span>ational<span class=\"_ _333\"> </span> Fin<span class=\"_ _92\"></span>ancial Reporting Standar<span class=\"_ _92\"></span>ds (IFRSs) as endorsed by the E<span class=\"_ _92\"></span>uropean Union<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> The additional<span class=\"_ _333\"> </span>requir<span class=\"_ _0\"></span>ements of Section <span class=\"_ _87\"></span>245a(1) Austrian Co<span class=\"_ _92\"></span>mmercial <span class=\"ls64 ws3a4\">Code (UGB) were also satisfied. Th<span class=\"_ _92\"></span>e separate<span class=\"_ _333\"> </span></span><span class=\"ls64 ws3a4\"> </span>financial statem<span class=\"_ _92\"></span>ents of the subsidiaries included in<span class=\"ls33 ws24d\"> the con<span class=\"_ _92\"></span>solidated financial statemen<span class=\"_ _92\"></span>ts are based on<span class=\"_ _333\"> </span></span><span class=\"ls33 ws24d\"> </span>uniform accounting policies. T<span class=\"_ _92\"></span>he reporting date is <span class=\"ls7a ws72\">31 December 2022 for all consolidated subs<span class=\"_ _43\"></span>idiaries. </span><span class=\"ls7a ws72\"> </span>The consolidated fin<span class=\"_ _92\"></span>ancial statements ar<span class=\"_ _92\"></span>e prepar<span class=\"_ _92\"></span>ed <span class=\"ls7b ws8a9\">in thousands of eur<span class=\"_ _92\"></span>os (\u20ack) (with the exception of<span class=\"_ _333\"> </span></span><span class=\"ls7b ws8a9\"> </span>the notes to th<span class=\"_ _92\"></span>e annual financial statem<span class=\"_ _92\"></span>ents, in which amoun<span class=\"_ _92\"></span>ts are generall<span class=\"_ _92\"></span>y indicated in millions of<span class=\"_ _333\"> </span> euros (\u20acm)<span class=\"_ _92\"></span>). Rounding differen<span class=\"_ _0\"></span>ces can arise when<span class=\"_ _92\"></span><span class=\"ls70 ws5a1\"> adding rounded amounts and when calculating<span class=\"_ _333\"> </span></span><span class=\"ls70 ws5a1\"> </span>percen<span class=\"_ _92\"></span>tages.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "VERBUND prepar<span class=\"_ _92\"></span>es its consolidated financial statements in accord<span class=\"ls64 ws662\">ance with Section <span class=\"_ _88\"></span>245a(1) of the<span class=\"_ _333\"> </span></span><span class=\"ls64 ws662\"> </span>Austrian Co<span class=\"_ _92\"></span>mmercial Code (Unt<span class=\"_ _92\"></span>ernehmensgesetzbuch, UGB) in com<span class=\"_ _92\"></span>pliance with Intern<span class=\"_ _92\"></span>ational<span class=\"_ _333\"> </span> Fin<span class=\"_ _92\"></span>ancial Reporting Standar<span class=\"_ _92\"></span>ds (IFRSs) as endorsed by the E<span class=\"_ _92\"></span>uropean Union<span class=\"_ _92\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "All material companies directly or <span class=\"ls80 ws566\">indirectly contr<span class=\"_ _92\"></span>olled by VERBUND <span class=\"_ _14\"></span>AG<span class=\"ls83 ws162\"> (subsidiaries) are in<span class=\"_ _92\"></span>cluded in<span class=\"_ _333\"> </span></span></span><span class=\"ls80 ws566\"><span class=\"ls83 ws162\"> </span></span>the consolidate<span class=\"_ _43\"></span>d financial statements of VERBUND by means of cons<span class=\"_ _43\"></span>olidation. Inclus<span class=\"_ _43\"></span>ion in the<span class=\"_ _333\"> </span> consolidated fin<span class=\"_ _92\"></span>ancial statements begin<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> when <span class=\"ls83 wsad6\">con<span class=\"_ _92\"></span>trol is achieved and ends when i<span class=\"_ _92\"></span>t ceases.<span class=\"_ _333\"> </span></span><span class=\"ls83 wsad6\"> </span>Subsidiaries are initia<span class=\"ls75 ws81\">lly consolidat<span class=\"_ _92\"></span>ed using the acquisition method.<span class=\"_ _333\"> </span></span>Join<span class=\"_ _92\"></span>t ventures and associa<span class=\"_ _92\"></span>tes that are dir<span class=\"_ _92\"></span>ectly or <span class=\"ls19 ws573\">indirectly substantially in<span class=\"ls71 ws4d4\">fluenced by VERBUND <span class=\"_ _14\"></span>AG<span class=\"_ _333\"> </span></span></span><span class=\"ls19 ws573\"><span class=\"ls71 ws4d4\"> </span></span>are accoun<span class=\"_ _92\"></span>ted for using the equity method. I<span class=\"_ _92\"></span>nvestees account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for using the equity m<span class=\"_ _92\"></span>ethod are<span class=\"_ _333\"> </span> recognised wit<span class=\"_ _43\"></span>h their proportional IFRS prof<span class=\"_ _43\"></span>it or loss take<span class=\"_ _43\"></span>n from (<span class=\"_ _92\"></span>conso<span class=\"_ _43\"></span>lidated) interim <span class=\"_ _43\"></span>or annual<span class=\"_ _333\"> </span> financial stat<span class=\"_ _92\"></span>ements for which the repo<span class=\"_ _92\"></span>rting date is not more than<span class=\"_ _92\"></span> three months prior to<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>VERBUND\u2019<span class=\"_ _14\"></span>s<span class=\"_ _333\"> </span> reporting da<span class=\"_ _92\"></span>te<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Intra-Gr<span class=\"_ _92\"></span>oup transactions, r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables, liabilities <span class=\"lsb3 wsad9\">and inter<span class=\"_ _92\"></span>company profits <span class=\"ls82 wsada\">are eliminat<span class=\"_ _92\"></span>ed taking<span class=\"_ _333\"> </span></span></span><span class=\"lsb3 wsad9\"><span class=\"ls82 wsada\"> </span></span>account of deferr<span class=\"_ _92\"></span>ed taxes. Wi<span class=\"_ _92\"></span>th respect to intr<span class=\"_ _92\"></span>a-Group business acquisitio<span class=\"_ _0\"></span>ns and mergers of join<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> ventures, the historical carr<span class=\"_ _43\"></span>ying amounts of the<span class=\"_ _43\"></span> acquir<span class=\"ls88 ws151\">ed entit<span class=\"_ _92\"></span>y are carried forward to th<span class=\"_ _92\"></span>e new entity, i.e<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> </span>they are n<span class=\"_ _92\"></span>ot remeasur<span class=\"_ _92\"></span>ed at fair value.<span class=\"_ _333\"> </span><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsc1 ws20f gs36\">Consolidation  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsc7 ws0 gs37\">methods<span class=\"_ _333\"> </span> </div>In the c<span class=\"_ _92\"></span>ase of investees tha<span class=\"_ _92\"></span>t are contr<span class=\"_ _92\"></span>olled together with ano<span class=\"_ _92\"></span>ther joint operator<span class=\"_ _80\"></span>, if VERBUND has rights to the as<span class=\"_ _92\"></span>sets attributable to the in<span class=\"_ _92\"></span>vestee as well as obli<span class=\"_ _92\"></span>gations for its liabil<span class=\"_ _92\"></span>ities, VERBUND recognises its s<span class=\"_ _92\"></span>hare of the assets an<span class=\"_ _92\"></span>d liabilities and/or r<span class=\"_ _92\"></span>evenue and expenses.<span class=\"_ _333\"> </span>A list of all of VERBUND\u2019<span class=\"_ _92\"></span>s subsidiaries, joint ventur<span class=\"_ _92\"></span>es<span class=\"ls33 ws82\"> and associates is presen<span class=\"_ _92\"></span>ted in the section entitled </span>Group struct<span class=\"_ _92\"></span>ure. The gr<span class=\"_ _92\"></span>oup of subsidiaries, joint ven<span class=\"_ _92\"></span>tures and associates in<span class=\"_ _92\"></span>cluded in the consolidated financial statements changed <span class=\"_ _92\"></span>as follo<span class=\"ls83 ws45\">ws in the 2022 reporting period:<span class=\"_ _333\"> </span></span>Basis of consolidation <span class=\"_ _1ea\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _18c\"> </span>  <span class=\"_ _97\"> </span>  </span>Consolidation <span class=\"_ _184\"> </span><span class=\"ws22\">Accounted f<span class=\"_ _92\"></span>or using </span>the equity method Accounted for as<span class=\"_ _0\"></span> a joint operation As at 31/12/2021 <span class=\"_ _13\"> </span><span class=\"ls0 ws0\">30 <span class=\"_ _1eb\"> </span>8 <span class=\"_ _14e\"> </span>1 </span>Additions from ne<span class=\"_ _92\"></span>wly formed entities <span class=\"_ _16b\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _146\"> </span><span class=\"ls0 ws0\">9 <span class=\"_ _1eb\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>Other additions <span class=\"_ _100\"> </span><span class=\"ls0 ws0\">5 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>Disposals by means of merger <span class=\"_ _1ec\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>1 <span class=\"_ _1a8\"> </span>0 <span class=\"_ _14e\"> </span>0 </span>As at 31/12/20<span class=\"_ _43\"></span>22 <span class=\"_ _1ed\"> </span><span class=\"ls18 ws0\">45 <span class=\"_ _1a8\"> </span><span class=\"ls17\">8 <span class=\"_ _181\"> </span>1 </span></span>of which domestic companies <span class=\"_ _4e\"> </span>16 <span class=\"_ _1a8\"> </span>7 <span class=\"_ _14e\"> </span>1 of which foreign companies <span class=\"_ _2e\"> </span><span class=\"ls0 ws0\">29 <span class=\"_ _1a8\"> </span>1 <span class=\"_ _14e\"> </span>0</span><span class=\"ls0 ws0\"> </span>VERBUND V<span class=\"_ _14\"></span>entur<span class=\"_ _92\"></span>es GmbH and VERBUND Green P<span class=\"_ _92\"></span>ower Iberia <span class=\"_ _87\"></span>S<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span>L.U. wer<span class=\"_ _92\"></span>e newly established an<span class=\"_ _92\"></span>d consolidated for the first time in financial year 2022.  In the course of an<span class=\"_ _92\"></span> acquisition, the following nine<span class=\"ls64 ws403\"> Spanish companies wer<span class=\"_ _92\"></span>e included in<span class=\"_ _43\"></span> the basis of </span>consolidation for t<span class=\"_ _43\"></span>he first time (s<span class=\"_ _43\"></span>ee Business acqu<span class=\"_ _43\"></span><span class=\"ls19 wsadf\">isitions): Anselma Issuer<span class=\"_ _80\"></span><span class=\"ls176 wsae0\">, S.A<span class=\"_ _43\"></span>.; Sica De<span class=\"_ _43\"></span>sarrollos </span></span>T<span class=\"_ _14\"></span>otan\u00e9s, S<span class=\"_ _14\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Sica Desarr<span class=\"_ _92\"></span>ollos Albarre<span class=\"_ _92\"></span>al, S.L.U<span class=\"_ _92\"></span>.; Sica Desarr<span class=\"_ _92\"></span>ollos Cu<span class=\"_ _92\"></span>er<span class=\"_ _43\"></span>va, S<span class=\"_ _92\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Sica <span class=\"_ _92\"></span>Desarrollos Los N<span class=\"_ _92\"></span>avalmor<span class=\"_ _92\"></span>ales, S.L.U<span class=\"_ _92\"></span>.; T<span class=\"_ _14\"></span>opacio Energy, S<span class=\"_ _92\"></span>.L<span class=\"_ _43\"></span>.U<span class=\"_ _92\"></span>.; Catalpa So<span class=\"_ _92\"></span>lar<span class=\"_ _14\"></span>, S.L.U<span class=\"_ _92\"></span>.; T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _14\"></span>, S.L.U<span class=\"_ _92\"></span>.; and VERBUND Green P<span class=\"_ _92\"></span>ower Renewabl<span class=\"_ _92\"></span>e Projects<span class=\"_ _92\"></span>, S.L.U<span class=\"_ _92\"></span>. The other additions show the five companies \u2013 Par<span class=\"_ _92\"></span>que E\u00f3lico Buse<span class=\"_ _43\"></span>co<span class=\"_ _92\"></span>, S.L<span class=\"_ _43\"></span>., Par<span class=\"_ _92\"></span>que E\u00f3lico L<span class=\"_ _43\"></span>oma de los Pinos<span class=\"_ _92\"></span>, S.L., Par<span class=\"_ _92\"></span>que E\u00f3lico El B<span class=\"_ _92\"></span>arroso<span class=\"_ _92\"></span>, S.L., Par<span class=\"_ _92\"></span>que E\u00f3lico A<span class=\"_ _14\"></span>yamonte<span class=\"_ _92\"></span>, S.L. and Lusitani<span class=\"_ _92\"></span>a Renovables<span class=\"_ _92\"></span>, S.L. \u2013 that were included in the basis of cons<span class=\"_ _43\"></span>olidation for th<span class=\"ls6f wsda\">e first time as part of an acquisition o<span class=\"_ _92\"></span>f assets.  </span>VERBUND <span class=\"_ _89\"></span>AG tr<span class=\"_ _92\"></span>ansferred its limi<span class=\"ls7d ws96b\">ted partnership inte<span class=\"ls95 wsae2\">rest (100.0 <span class=\"_ _89\"></span>%) in VERBUND Green P<span class=\"_ _92\"></span>ower </span></span>H<span class=\"_ _92\"></span>unsr\u00fcck GmbH &amp; Co<span class=\"_ _92\"></span>. KG to its gener<span class=\"_ _92\"></span>al partner VERBUND Green P<span class=\"_ _92\"></span>ower Deutschland GmbH<span class=\"_ _92\"></span> by way of a contribution agr<span class=\"_ _92\"></span>eement dated 18 <span class=\"_ _89\"></span>July 2022. As a r<span class=\"_ _92\"></span>esult of the tr<span class=\"_ _92\"></span>ansfer<span class=\"_ _14\"></span>, VERBUND Gr<span class=\"_ _92\"></span>een Power H<span class=\"_ _92\"></span>unsr\u00fcck GmbH &amp; Co<span class=\"_ _92\"></span>. KG ceased t<span class=\"_ _92\"></span>o ex<span class=\"_ _43\"></span>ist and its assets an<span class=\"_ _92\"></span>d liabilities were tran<span class=\"_ _92\"></span>sferred to VERBUND Green P<span class=\"_ _92\"></span>ower Deutschland GmbH. I<span class=\"_ _92\"></span>n a further step<span class=\"_ _92\"></span>, VERBUND <span class=\"_ _92\"></span>AG contributed its sh<span class=\"_ _92\"></span>ares in VERBUND Green Power Deutschland GmbH as well as its limited <span class=\"ls72 ws5d1\">partnersh<span class=\"_ _43\"></span>ip interest in Infrastrukturgesellschaft </span>Bischheim Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _92\"></span>G and Infras<span class=\"_ _92\"></span>truktur Oberheimbach I Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _14\"></span>G to VERBUND Green Power GmbH (<span class=\"_ _43\"></span>VGP). The acquisit<span class=\"_ _43\"></span>ion of a non-controlling interest in Infrastrukturges<span class=\"_ _43\"></span>ellschaft Bischheim Gm<span class=\"_ _92\"></span>bH &amp; Co. K<span class=\"_ _92\"></span>G increases VERB<span class=\"_ _92\"></span>UND Green Pow<span class=\"_ _92\"></span>er GmbH\u2019<span class=\"_ _14\"></span>s stake in this compa<span class=\"_ _92\"></span>ny to around 80.6 %.<span class=\"_ _333\"> </span> <div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls10e ws464 gs63\">Basis of  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls10e ws0 gs64\">consolidation </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "All material companies directly or <span class=\"ls80 ws566\">indirectly contr<span class=\"_ _92\"></span>olled by VERBUND <span class=\"_ _14\"></span>AG<span class=\"ls83 ws162\"> (subsidiaries) are in<span class=\"_ _92\"></span>cluded in<span class=\"_ _333\"> </span></span></span><span class=\"ls80 ws566\"><span class=\"ls83 ws162\"> </span></span>the consolidate<span class=\"_ _43\"></span>d financial statements of VERBUND by means of cons<span class=\"_ _43\"></span>olidation. Inclus<span class=\"_ _43\"></span>ion in the<span class=\"_ _333\"> </span> consolidated fin<span class=\"_ _92\"></span>ancial statements begin<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> when <span class=\"ls83 wsad6\">con<span class=\"_ _92\"></span>trol is achieved and ends when i<span class=\"_ _92\"></span>t ceases.<span class=\"_ _333\"> </span></span><span class=\"ls83 wsad6\"> </span>Subsidiaries are initia<span class=\"ls75 ws81\">lly consolidat<span class=\"_ _92\"></span>ed using the acquisition method.<span class=\"_ _333\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "Join<span class=\"_ _92\"></span>t ventures and associa<span class=\"_ _92\"></span>tes that are dir<span class=\"_ _92\"></span>ectly or <span class=\"ls19 ws573\">indirectly substantially in<span class=\"ls71 ws4d4\">fluenced by VERBUND <span class=\"_ _14\"></span>AG<span class=\"_ _333\"> </span></span></span><span class=\"ls19 ws573\"><span class=\"ls71 ws4d4\"> </span></span>are accoun<span class=\"_ _92\"></span>ted for using the equity method. I<span class=\"_ _92\"></span>nvestees account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for using the equity m<span class=\"_ _92\"></span>ethod are<span class=\"_ _333\"> </span> recognised wit<span class=\"_ _43\"></span>h their proportional IFRS prof<span class=\"_ _43\"></span>it or loss take<span class=\"_ _43\"></span>n from (<span class=\"_ _92\"></span>conso<span class=\"_ _43\"></span>lidated) interim <span class=\"_ _43\"></span>or annual<span class=\"_ _333\"> </span> financial stat<span class=\"_ _92\"></span>ements for which the repo<span class=\"_ _92\"></span>rting date is not more than<span class=\"_ _92\"></span> three months prior to<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>VERBUND\u2019<span class=\"_ _14\"></span>s<span class=\"_ _333\"> </span> reporting da<span class=\"_ _92\"></span>te<span class=\"_ _333\"> </span>The carrying amoun<span class=\"_ _92\"></span>ts of interests accoun<span class=\"_ _92\"></span>ted for using the equity method ar<span class=\"_ _92\"></span>e adjusted to<span class=\"_ _92\"></span> reflect changes in the investee<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s net assets in accor<span class=\"_ _92\"></span>dance with IAS 28 no later th<span class=\"_ _92\"></span>an one quarter following the underlying changes<span class=\"_ _92\"></span>. If VERBUND\u2019<span class=\"_ _14\"></span>s share of l<span class=\"_ _92\"></span>osses from an int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rest acco<span class=\"_ _92\"></span>unted for using the equity me<span class=\"_ _92\"></span>thod corres<span class=\"_ _92\"></span>ponds to or exceeds the carrying amoun<span class=\"_ _92\"></span>t of th<span class=\"ls74 ws920\">e equity inter<span class=\"_ _92\"></span>est, additional losses ar<span class=\"_ _92\"></span>e only taken </span>into accoun<span class=\"_ _92\"></span>t and recognised as a liability to th<span class=\"_ _92\"></span>e extent that leg<span class=\"_ _92\"></span>al or constructive obligat<span class=\"_ _92\"></span>ions were undertaken or pa<span class=\"_ _92\"></span>yments were m<span class=\"_ _92\"></span>ade for the equity-accounted inter<span class=\"_ _92\"></span>est. The carrying amount of the equity-accounted int<span class=\"_ _92\"></span>erest includes the shar<span class=\"_ _92\"></span>e calculated based on<span class=\"_ _92\"></span> equity method accounting plus all<span class=\"_ _92\"></span> long-term equity inter<span class=\"_ _92\"></span>ests that ar<span class=\"_ _92\"></span>e to be allocated to the net in<span class=\"_ _92\"></span>vestment in the equity-accoun<span class=\"_ _92\"></span>ted interest based on their economi<span class=\"_ _92\"></span>c substance. Net in<span class=\"_ _92\"></span>vestments in associated compan<span class=\"_ _92\"></span>ies and joint ventures <span class=\"_ _92\"></span>are tested for objective indica<span class=\"_ _92\"></span>tions of<span class=\"_ _43\"></span> impairment at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. If there ar<span class=\"_ _92\"></span>e any such indic<span class=\"_ _92\"></span>ations, an impairment t<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st must b<span class=\"_ _92\"></span>e conducted for int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rests accoun<span class=\"_ _92\"></span>ted for using the equity method in accor<span class=\"_ _92\"></span>dance with IAS 36<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "Join<span class=\"_ _92\"></span>t ventures and associa<span class=\"_ _92\"></span>tes that are dir<span class=\"_ _92\"></span>ectly or <span class=\"ls19 ws573\">indirectly substantially in<span class=\"ls71 ws4d4\">fluenced by VERBUND <span class=\"_ _14\"></span>AG<span class=\"_ _333\"> </span></span></span><span class=\"ls19 ws573\"><span class=\"ls71 ws4d4\"> </span></span>are accoun<span class=\"_ _92\"></span>ted for using the equity method. I<span class=\"_ _92\"></span>nvestees account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for using the equity m<span class=\"_ _92\"></span>ethod are<span class=\"_ _333\"> </span> recognised wit<span class=\"_ _43\"></span>h their proportional IFRS prof<span class=\"_ _43\"></span>it or loss take<span class=\"_ _43\"></span>n from (<span class=\"_ _92\"></span>conso<span class=\"_ _43\"></span>lidated) interim <span class=\"_ _43\"></span>or annual<span class=\"_ _333\"> </span> financial stat<span class=\"_ _92\"></span>ements for which the repo<span class=\"_ _92\"></span>rting date is not more than<span class=\"_ _92\"></span> three months prior to<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>VERBUND\u2019<span class=\"_ _14\"></span>s<span class=\"_ _333\"> </span> reporting da<span class=\"_ _92\"></span>te<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-566": {
   "value": "Join<span class=\"_ _92\"></span>t ventures and associa<span class=\"_ _92\"></span>tes that are dir<span class=\"_ _92\"></span>ectly or <span class=\"ls19 ws573\">indirectly substantially in<span class=\"ls71 ws4d4\">fluenced by VERBUND <span class=\"_ _14\"></span>AG<span class=\"_ _333\"> </span></span></span><span class=\"ls19 ws573\"><span class=\"ls71 ws4d4\"> </span></span>are accoun<span class=\"_ _92\"></span>ted for using the equity method. I<span class=\"_ _92\"></span>nvestees account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for using the equity m<span class=\"_ _92\"></span>ethod are<span class=\"_ _333\"> </span> recognised wit<span class=\"_ _43\"></span>h their proportional IFRS prof<span class=\"_ _43\"></span>it or loss take<span class=\"_ _43\"></span>n from (<span class=\"_ _92\"></span>conso<span class=\"_ _43\"></span>lidated) interim <span class=\"_ _43\"></span>or annual<span class=\"_ _333\"> </span> financial stat<span class=\"_ _92\"></span>ements for which the repo<span class=\"_ _92\"></span>rting date is not more than<span class=\"_ _92\"></span> three months prior to<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>VERBUND\u2019<span class=\"_ _14\"></span>s<span class=\"_ _333\"> </span> reporting da<span class=\"_ _92\"></span>te<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>The carrying amoun<span class=\"_ _92\"></span>ts of interests accoun<span class=\"_ _92\"></span>ted for using the equity method ar<span class=\"_ _92\"></span>e adjusted to<span class=\"_ _92\"></span> reflect changes in the investee<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s net assets in accor<span class=\"_ _92\"></span>dance with IAS 28 no later th<span class=\"_ _92\"></span>an one quarter following the underlying changes<span class=\"_ _92\"></span>. If VERBUND\u2019<span class=\"_ _14\"></span>s share of l<span class=\"_ _92\"></span>osses from an int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rest acco<span class=\"_ _92\"></span>unted for using the equity me<span class=\"_ _92\"></span>thod corres<span class=\"_ _92\"></span>ponds to or exceeds the carrying amoun<span class=\"_ _92\"></span>t of th<span class=\"ls74 ws920\">e equity inter<span class=\"_ _92\"></span>est, additional losses ar<span class=\"_ _92\"></span>e only taken </span>into accoun<span class=\"_ _92\"></span>t and recognised as a liability to th<span class=\"_ _92\"></span>e extent that leg<span class=\"_ _92\"></span>al or constructive obligat<span class=\"_ _92\"></span>ions were undertaken or pa<span class=\"_ _92\"></span>yments were m<span class=\"_ _92\"></span>ade for the equity-accounted inter<span class=\"_ _92\"></span>est. The carrying amount of the equity-accounted int<span class=\"_ _92\"></span>erest includes the shar<span class=\"_ _92\"></span>e calculated based on<span class=\"_ _92\"></span> equity method accounting plus all<span class=\"_ _92\"></span> long-term equity inter<span class=\"_ _92\"></span>ests that ar<span class=\"_ _92\"></span>e to be allocated to the net in<span class=\"_ _92\"></span>vestment in the equity-accoun<span class=\"_ _92\"></span>ted interest based on their economi<span class=\"_ _92\"></span>c substance. Net in<span class=\"_ _92\"></span>vestments in associated compan<span class=\"_ _92\"></span>ies and joint ventures <span class=\"_ _92\"></span>are tested for objective indica<span class=\"_ _92\"></span>tions of<span class=\"_ _43\"></span> impairment at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. If there ar<span class=\"_ _92\"></span>e any such indic<span class=\"_ _92\"></span>ations, an impairment t<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st must b<span class=\"_ _92\"></span>e conducted for int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rests accoun<span class=\"_ _92\"></span>ted for using the equity method in accor<span class=\"_ _92\"></span>dance with IAS 36<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "Acquisition of an operationa<span class=\"_ _92\"></span><span class=\"lsff ws5b4\">l renewables portfolio and de<span class=\"_ _92\"></span>velopment platform in Spain </span>VERBUND acquir<span class=\"_ _92\"></span>ed a p<span class=\"_ _43\"></span>ortfolio of Spanish project co<span class=\"_ _92\"></span><span class=\"ls46 ws356\">mpanie<span class=\"_ _43\"></span>s effective 28 <span class=\"_ _92\"></span>July 2022 (nine of which wer<span class=\"_ _92\"></span>e </span>included in the bas<span class=\"_ _43\"></span>is of consolidation;<span class=\"_ _43\"></span> see Basis of cons<span class=\"_ _43\"></span>olidation) from the Q-Energ<span class=\"_ _43\"></span>y Group<span class=\"_ _92\"></span>. <span class=\"_ _8a\"></span> The considera<span class=\"_ _92\"></span>tion transferred for the <span class=\"_ _92\"></span>acquisition of the companies amo<span class=\"_ _92\"></span>unted to approxima<span class=\"_ _92\"></span>tely \u20ac509.9m, taking into accoun<span class=\"_ _92\"></span>t a cash payment and <span class=\"lsbc wsad8\">the assumption of r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ciprocal r<span class=\"_ _92\"></span>eceivables and </span>liabilities<span class=\"_ _92\"></span>. As part of the transaction, VERB<span class=\"_ _92\"></span>UND entered into the outstan<span class=\"_ _92\"></span>ding upstream l<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>ans in the amount of approximately \u20ac73.3<span class=\"_ _92\"></span>m (loans payable fr<span class=\"ls80 ws274\">om VERBUND\u2019<span class=\"_ _14\"></span>s perspective) and shareholder loans </span>in the amount of ar<span class=\"_ _92\"></span>ound \u20ac76.2m (loans re<span class=\"ls79 ws190\">ceivable from VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s perspe<span class=\"_ _43\"></span>ctive).  </span>In the tr<span class=\"_ _92\"></span>ansaction, an opera<span class=\"_ _92\"></span>ting photovoltaic (PV)<span class=\"_ _43\"></span> portfolio<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>with total installed c<span class=\"_ _92\"></span>apacity of 82 <span class=\"_ _14\"></span>MW<span class=\"_ _92\"></span>p and an extensive de<span class=\"_ _92\"></span>velopment platform (wind and PV projects) <span class=\"_ _92\"></span>were acquired alo<span class=\"_ _92\"></span>ng with a development te<span class=\"_ _92\"></span>am. The projects <span class=\"_ _92\"></span>are being implemen<span class=\"_ _92\"></span>ted in different regio<span class=\"_ _92\"></span>ns of Spain. On the basis o<span class=\"_ _92\"></span>f the planned capacity, the ge<span class=\"_ _92\"></span>ographic focus of the projects li<span class=\"_ _0\"></span>es in the Castil<span class=\"_ _92\"></span>la-La Mancha r<span class=\"_ _92\"></span>egion (cen<span class=\"_ _92\"></span>tral Spain) and in Andalusia (southern S<span class=\"_ _92\"></span>pain). The trans<span class=\"_ _92\"></span>action will help to implemen<span class=\"_ _92\"></span>t the VERBUND Group<span class=\"_ _14\"></span>\u2019<span class=\"_ _14\"></span>s current strat<span class=\"_ _92\"></span>egy through an in<span class=\"_ _92\"></span>tense build-up and further expansi<span class=\"_ _92\"></span>on of the renewabl<span class=\"_ _92\"></span>e generation portfol<span class=\"_ _92\"></span>io, as well as to diver<span class=\"_ _92\"></span>sify with respect to m<span class=\"_ _92\"></span>arkets and technol<span class=\"_ _92\"></span>ogies in selected Europe<span class=\"_ _92\"></span>an countries. This in t<span class=\"_ _92\"></span>urn will improve <span class=\"_ _92\"></span>the risk profile and build on a position of strength<span class=\"_ _43\"></span> for renewable generation technologie<span class=\"_ _43\"></span>s on the Iber<span class=\"_ _43\"></span>ian Peninsula. The acquired co<span class=\"_ _92\"></span>mpanies have been<span class=\"_ _92\"></span> allocated to the New r<span class=\"_ _92\"></span>enewables segment<span class=\"_ _92\"></span>.  The final fair values of the identifiable a<span class=\"_ _43\"></span>ssets an<span class=\"ls9c wsae9\">d liabilities were broken down as follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>s at the </span>acquisition date:<span class=\"_ _333\"> </span><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls9b ws5ee gs7c\">Business  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls7f ws0 gs7d\">acquisitions </div>Assets acquire<span class=\"_ _92\"></span>d and liabilities assumed \u20acm Acquisition date fair value Intangible assets <span class=\"_ _92\"></span>and property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t <span class=\"_ _1ee\"> </span><span class=\"ff2f ls18 ws0\">808.1 </span>Right-of-use assets <span class=\"_ _1ef\"> </span><span class=\"ff2f ls49 ws0\">13.4 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _1dc\"> </span><span class=\"ff2f ls18 ws0\">101.4 </span>deferred tax assets <span class=\"_ _1f0\"> </span><span class=\"ff2f ls49 ws0\">23.6 </span>T<span class=\"_ _14\"></span>rade receivables and o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current assets1 <span class=\"_ _1f1\"> </span><span class=\"ff2f ls49\">53.5 </span>Cash and cash equivalents <span class=\"_ _1f2\"> </span><span class=\"ff2f ls29 ws0\">31.4 </span>T<span class=\"_ _14\"></span>otal assets acquired<span class=\"_ _92\"></span> <span class=\"_ _1f3\"> </span><span class=\"ff2c ls18 ws0\">1,031.4 </span>Non-current financial liabilities <span class=\"_ _1f4\"> </span><span class=\"ff2f ls18 ws0\">394.5 </span>Other non-current liabilities and pro<span class=\"_ _92\"></span>visions <span class=\"_ _1f5\"> </span><span class=\"ff2f ls18 ws0\">98.8 </span>Deferred ta<span class=\"ls45 ws44\">x liabilities <span class=\"_ _1f6\"> </span><span class=\"ff2f ls18 ws0\">165.4 </span></span>Current financial liabilities <span class=\"_ _1f7\"> </span><span class=\"ff2f ls18 ws0\">18.4 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other currents liabilities <span class=\"_ _1f8\"> </span><span class=\"ff2f ls18 ws0\">16.8 </span>T<span class=\"_ _14\"></span>otal liabilities assumed <span class=\"_ _1f9\"> </span><span class=\"ff2c ls18 ws0\">694.0 </span>T<span class=\"_ _14\"></span>otal identifiable net assets at f<span class=\"_ _92\"></span>air value (100 %) <span class=\"_ _1fa\"> </span><span class=\"ff2c ls18 ws0\">337.4 </span>Goodwill <span class=\"_ _1fb\"> </span><span class=\"ff2f ls18\">172.6 </span>T<span class=\"_ _14\"></span>otal consideration transferred <span class=\"_ _1fc\"> </span><span class=\"ff2c ls18 ws0\">509.9 </span>of which in cash <span class=\"_ _1fd\"> </span><span class=\"ff2f ls18 ws0\">512.8 </span>of which loans pay<span class=\"_ _92\"></span>able to previous shareholders<span class=\"_ _92\"></span> <span class=\"_ _1fe\"> </span><span class=\"ff2f ls31 ws0\">73.3 </span>of which loans receivable from previous shareholder<span class=\"_ _92\"></span>s <span class=\"_ _4\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>76.2 </span>1 For trade rec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ivables and current<span class=\"_ _92\"></span> other receivables, the carry<span class=\"_ _92\"></span>ing amounts represented a reali<span class=\"_ _92\"></span>st<span class=\"_ _43\"></span>ic estimate of<span class=\"_ _92\"></span> their fair value<span class=\"ls1f4 wsaea\">s (due to the short maturities)<span class=\"_ _43\"></span>; they also correspond </span>to the gross value of the receivables.<span class=\"_ _333\"> </span> <span class=\"_ _43\"></span> Goodwill in the amount of \u20ac172.6m can be attributed<span class=\"ls80 ws69e\"> in particular to future development projects </span>(that wer<span class=\"_ _92\"></span>e not separately iden<span class=\"_ _92\"></span>tifiable during the pur<span class=\"_ _92\"></span>chase price allocation), to th<span class=\"_ _92\"></span>e platform value of the acquired emplo<span class=\"_ _92\"></span>yee base, and to deferr<span class=\"_ _92\"></span>ed tax liabilities recognisa<span class=\"_ _0\"></span>ble in accor<span class=\"_ _92\"></span>dance with IFRS 3. VERBUND\u2019<span class=\"_ _14\"></span>s new subsidiaries contri<span class=\"ls80 ws8f6\">buted \u20ac1<span class=\"_ _43\"></span>3.0m to VERBUND\u2019<span class=\"_ _14\"></span>s reve<span class=\"ls67 ws739\">nue fro<span class=\"_ _92\"></span>m the time of initial </span></span>consolidation to the 31 <span class=\"_ _14\"></span>December 2022 reporting dat<span class=\"ls7d ws284\">e; their contribution to VERBUND\u2019<span class=\"_ _14\"></span>s profit for the </span>period was \u20ac\u2013 <span class=\"fs2 ls6b ws6f6\">37.8m. If the b<span class=\"_ _92\"></span>usiness acquisition had taken place at the beginni<span class=\"_ _92\"></span>ng of the reporting </span>period, the new subsidiaries would hav<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span><span class=\"ls80 ws2a0\"> contributed \u20ac50.7m in r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>venue and \u20ac\u2013<span class=\"fs9 ls0 ws0\"> </span><span class=\"lsab ws531\">52.8m in net pr<span class=\"_ _92\"></span>ofit for </span></span>the period to the corr<span class=\"_ _92\"></span>esponding line items of VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s income statem<span class=\"_ _92\"></span>ent. In light of the complexity<span class=\"_ _43\"></span> of the accounting policy issues in conne<span class=\"_ _43\"></span>ction with<span class=\"_ _43\"></span> this transaction and the fact that it took place cl<span class=\"_ _92\"></span>ose to the reporting date<span class=\"_ _92\"></span>, the initial accounting tr<span class=\"_ _92\"></span>eatment of this busines<span class=\"_ _92\"></span>s acquisition was classified as \u201c<span class=\"_ _92\"></span>provision<span class=\"_ _92\"></span>al\u201d in the <span class=\"ls75 ws703\">interim consolidated fin<span class=\"_ _92\"></span>ancial statements published </span>since 28 <span class=\"_ _14\"></span>July 2022. As a<span class=\"_ _92\"></span>t 31 <span class=\"_ _14\"></span>D<span class=\"_ _43\"></span>ecember 2022, adjustme<span class=\"ls46 ws8e0\">nts wer<span class=\"_ _92\"></span>e made to the preliminary purchase price </span>allocation fo<span class=\"_ _92\"></span>r the measuremen<span class=\"_ _92\"></span>t of right-of-use assets as defined under<span class=\"_ _92\"></span> IFRS <span class=\"_ _92\"></span>16, the detailed allocatio<span class=\"_ _92\"></span>n of the fair values o<span class=\"_ _92\"></span>f financial liab<span class=\"ls80 wsf1\">ilities and receivables, the an<span class=\"_ _92\"></span>alysis<span class=\"_ _43\"></span><span class=\"ls26 ws641\"> of pro<span class=\"_ _92\"></span>vision requirements and th<span class=\"_ _92\"></span>e </span></span>presen<span class=\"_ _92\"></span>tation of equity interests<span class=\"_ _92\"></span>. This completes the pur<span class=\"_ _92\"></span>chase price allocation<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span><span class=\"_ _43\"></span> Effect of <span class=\"_ _92\"></span>the adjustment on the acquir<span class=\"_ _92\"></span>ed assets and liabilities classified as \u201cpro<span class=\"_ _92\"></span>visional\u201d <span class=\"_ _1ff\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Intangible assets <span class=\"_ _92\"></span>and property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t <span class=\"_ _1ee\"> </span><span class=\"ff2f ls18 ws0\">397.0 </span>Right-of-use assets <span class=\"_ _1ef\"> </span><span class=\"ff2f ls49 ws0\">13.4 </span>Other equity interests <span class=\"_ _200\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">315.4 </span></span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _201\"> </span><span class=\"ff2f ls18 ws0\">1.2 </span>Deferred tax assets <span class=\"_ _202\"> </span><span class=\"ff2f ls18 ws0\">6.8 </span>T<span class=\"_ _14\"></span>rade receivables and o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current assets<span class=\"_ _92\"></span> <span class=\"_ _153\"> </span><span class=\"ff2f ls18 ws0\">26.5 </span>Cash and cash equivalents <span class=\"_ _1f3\"> </span><span class=\"ff2f ls18 ws0\">0.5 </span>T<span class=\"_ _14\"></span>otal assets acquired<span class=\"_ _92\"></span> <span class=\"_ _203\"> </span><span class=\"ff2c ls18 ws0\">130.0 </span>Non-current financial liabilities <span class=\"_ _204\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1.4 </span></span>Other non-current liabilities and pro<span class=\"_ _92\"></span>visions <span class=\"_ _1f5\"> </span><span class=\"ff2f ls18 ws0\">15.5 </span>Deferred ta<span class=\"ls45 ws44\">x liabilities <span class=\"_ _1f6\"> </span><span class=\"ff2f ls18 ws0\">109.6 </span></span>Current financial liabilities <span class=\"_ _200\"> </span><span class=\"ff2f ls18 ws0\">1.7 </span>T<span class=\"_ _14\"></span>rade payables <span class=\"_ _92\"></span>and other current liabilities <span class=\"_ _1d6\"> </span><span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">12.4 </span></span>T<span class=\"_ _14\"></span>otal liabilities assumed <span class=\"_ _1f9\"> </span><span class=\"ff2c ls18 ws0\">113.0 </span>T<span class=\"_ _14\"></span>otal identifiable net assets at f<span class=\"_ _92\"></span>air value (100 %) <span class=\"_ _206\"> </span><span class=\"ff2c ls18 ws0\">17.0 </span>Goodwill <span class=\"_ _207\"> </span><span class=\"ff2f ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">17.0<span class=\"_ _333\"> </span></span></span><span class=\"ff2f ls0\"><span class=\"ls18\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "The Gr<span class=\"_ _92\"></span>oup\u2019<span class=\"_ _14\"></span>s r<span class=\"_ _92\"></span>eporting currency is the eur<span class=\"_ _92\"></span>o. The fun<span class=\"_ _92\"></span>ctional currency of VERB<span class=\"_ _92\"></span>UND <span class=\"_ _121\"></span>AG, the<span class=\"_ _92\"></span> consolidated subsidiaries (with <span class=\"_ _0\"></span>the exception of <span class=\"ls7d ws21e\">VERB<span class=\"_ _92\"></span>UND Wind Power Romania SRL) and all investees </span>accounted for usin<span class=\"_ _92\"></span>g the equity method is the eur<span class=\"_ _92\"></span>o.<span class=\"_ _92\"></span> For the consolida<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d financial sta<span class=\"_ _92\"></span>tements of VERBUND, the an<span class=\"_ _92\"></span>nual financial statemen<span class=\"_ _92\"></span>ts of the Romanian subsidiary are <span class=\"_ _92\"></span>translated into<span class=\"_ _92\"></span> euros using the function<span class=\"_ _92\"></span>al currency method.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "Currenc<span class=\"_ _92\"></span>y  translation<span class=\"_ _333\"> </span>In the separ<span class=\"_ _92\"></span>ate financial statemen<span class=\"_ _92\"></span>ts of Group companies<span class=\"_ _92\"></span>, all transactions deno<span class=\"_ _92\"></span>minated in foreign currency ar<span class=\"_ _92\"></span>e measured at the spot ex<span class=\"_ _92\"></span>change rat<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> on the trans<span class=\"_ _92\"></span>action date. M<span class=\"_ _92\"></span>onetar<span class=\"_ _43\"></span>y balance sheet it<span class=\"_ _92\"></span>ems are subsequen<span class=\"_ _92\"></span>tly measured at the r<span class=\"_ _92\"></span>espective spot exchan<span class=\"_ _92\"></span>ge rate at the r<span class=\"_ _92\"></span>eporting date. Exch<span class=\"_ _92\"></span>ange gains and losses are r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cognised through profit or loss under other financial result.  The Gr<span class=\"_ _92\"></span>oup\u2019<span class=\"_ _14\"></span>s r<span class=\"_ _92\"></span>eporting currency is the eur<span class=\"_ _92\"></span>o. The fun<span class=\"_ _92\"></span>ctional currency of VERB<span class=\"_ _92\"></span>UND <span class=\"_ _121\"></span>AG, the<span class=\"_ _92\"></span> consolidated subsidiaries (with <span class=\"_ _0\"></span>the exception of <span class=\"ls7d ws21e\">VERB<span class=\"_ _92\"></span>UND Wind Power Romania SRL) and all investees </span>accounted for usin<span class=\"_ _92\"></span>g the equity method is the eur<span class=\"_ _92\"></span>o.<span class=\"_ _92\"></span> For the consolida<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d financial sta<span class=\"_ _92\"></span>tements of VERBUND, the an<span class=\"_ _92\"></span>nual financial statemen<span class=\"_ _92\"></span>ts of the Romanian subsidiary are <span class=\"_ _92\"></span>translated into<span class=\"_ _92\"></span> euros using the function<span class=\"_ _92\"></span>al currency method.<span class=\"_ _333\"> </span>Assets and liabi<span class=\"_ _92\"></span>lities of foreign <span class=\"_ _92\"></span>Group companies with a fun<span class=\"_ _92\"></span>ctional curren<span class=\"_ _92\"></span>c<span class=\"_ _43\"></span>y other than th<span class=\"_ _92\"></span>e euro ar<span class=\"_ _92\"></span>e translat<span class=\"_ _92\"></span>ed using the for<span class=\"_ _92\"></span>eign exchange r<span class=\"_ _92\"></span>eference ra<span class=\"_ _92\"></span>te of the Eur<span class=\"_ _92\"></span>opean Central<span class=\"_ _92\"></span> Bank (ECB) or exchan<span class=\"_ _92\"></span>ge rates publ<span class=\"_ _92\"></span>ished by local na<span class=\"_ _92\"></span>tional central b<span class=\"_ _92\"></span>anks prevailing a<span class=\"_ _92\"></span>t the reporting da<span class=\"_ _92\"></span>te. Income and ex<span class=\"_ _92\"></span>penses are tr<span class=\"_ _92\"></span>anslated at a<span class=\"_ _92\"></span>verage mon<span class=\"_ _92\"></span>thly exchange r<span class=\"_ _92\"></span>ates. Differ<span class=\"_ _92\"></span>ences arising from tr<span class=\"_ _92\"></span>anslation at ex<span class=\"_ _92\"></span>change rate<span class=\"_ _92\"></span>s prevail<span class=\"_ _92\"></span>ing at the reporting da<span class=\"_ _92\"></span>te are recognised in o<span class=\"_ _92\"></span>ther comprehensive income and sho<span class=\"_ _92\"></span>wn as a separate item in equity.  The exchan<span class=\"_ _92\"></span>ge rates underlying <span class=\"_ _92\"></span>the currency translatio<span class=\"_ _92\"></span>n changed as follows:<span class=\"_ _333\"> </span>Foreign e<span class=\"_ _92\"></span>xch<span class=\"_ _43\"></span>ange rates used for currency translation <span class=\"_ _208\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _75\"> </span>  <span class=\"_ _185\"> </span><span class=\"fc4 ls159\">31/1<span class=\"_ _43\"></span>2/2021 <span class=\"_ _134\"> </span></span><span class=\"ff2c ls1eb\">31/12/2<span class=\"_ _43\"></span>022 <span class=\"_ _5f\"> </span></span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Country <span class=\"_ _209\"> </span><span class=\"ff2f ls5d\">Currency <span class=\"_ _94\"> </span><span class=\"fc4 ls1a ws24\">Closing rate <span class=\"_ _94\"> </span><span class=\"fc0\">Closing rate <span class=\"_ _17c\"> </span></span><span class=\"ws68\">A<span class=\"_ _92\"></span>verage rate <span class=\"_ _5d\"> </span><span class=\"fc0\">A<span class=\"_ _92\"></span>verage rate </span></span></span></span>Romania <span class=\"_ _20a\"> </span><span class=\"ls62 ws64\">\u20ac1 = RON <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">4.9481 <span class=\"_ _59\"> </span></span><span class=\"ff2f ls18\">4.9474 <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">4.9202 <span class=\"_ _6c\"> </span></span><span class=\"ff2f ls18\">4.9346<span class=\"_ _333\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "Balance sheet presentation of <span class=\"_ _92\"></span>d<span class=\"_ _43\"></span>erivativ<span class=\"_ _92\"></span>e financial instruments  Due to the <span class=\"_ _92\"></span>significant incre<span class=\"_ _92\"></span>ase <span class=\"_ _43\"></span>in prices on the electricity and g<span class=\"_ _92\"></span>as markets in the curr<span class=\"_ _92\"></span>ent and previous financial years, the resulting high measurement effects in other receivables and liabilities led to large increases in<span class=\"_ _92\"></span> these items. The p<span class=\"_ _92\"></span>resentation o<span class=\"_ _92\"></span>f derivative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments in the bal<span class=\"_ _92\"></span>ance sheet was adjusted in order to continue pr<span class=\"_ _92\"></span>oviding a true and fa<span class=\"ls82 ws801\">ir view in addition to en<span class=\"_ _92\"></span>suring comparability with </span>the financial s<span class=\"_ _92\"></span>tatements of companies in<span class=\"_ _92\"></span> the same or similar industries<span class=\"_ _92\"></span>. The measuremen<span class=\"_ _92\"></span>t gains and losses fro<span class=\"_ _92\"></span>m derivative financial instrumen<span class=\"_ _92\"></span>ts previously presen<span class=\"_ _92\"></span>ted in trade receivables<span class=\"_ _92\"></span>, other receivables and securities or trade pa<span class=\"_ _92\"></span>yables and other liabilities <span class=\"ls97 ws3f9\">ar<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> broken down in application of IAS <span class=\"_ _92\"></span>8.<span class=\"_ _43\"></span>14 <span class=\"_ _92\"></span>(<span class=\"_ _43\"></span>b) into </span>a current and non-current portion and presented separately in the<span class=\"_ _43\"></span> new items Receivables<span class=\"_ _43\"></span> from<span class=\"_ _333\"> </span>Adjustments in accordance<span class=\"_ _92\"></span> with IAS 8.14 (b) and IAS 8.41<span class=\"_ _333\"> </span>derivative financial instruments and Liabilities from derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nc<span class=\"ls80 ws5ab\">ial instruments. These items hav<span class=\"_ _92\"></span>e </span>so far not been br<span class=\"_ _92\"></span>oken down into curr<span class=\"_ _92\"></span>ent and non-curr<span class=\"_ _92\"></span>ent components<span class=\"_ _92\"></span>, which will be corrected in application<span class=\"_ _92\"></span> of IAS 8.41. This did not ha<span class=\"_ _92\"></span>ve any effect on earnings<span class=\"_ _92\"></span>. The changes and corr<span class=\"_ _92\"></span>ections presented were made<span class=\"_ _92\"></span> retrospectively in<span class=\"_ _92\"></span> accordance with IAS 8 by adj<span class=\"_ _92\"></span>usting all comparative in<span class=\"_ _92\"></span>formation. Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>1/1/2021  Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>1/1/2021  After adjustment Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">670.4 <span class=\"_ _11b\"> </span>52.4 <span class=\"_ _16a\"> </span>722.8 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">670.4 <span class=\"_ _a5\"> </span>\u2013<span class=\"fsa\"> </span>63.5 <span class=\"_ _127\"> </span>606.9 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>115.9 <span class=\"_ _127\"> </span>115.9 </span>Current assets <span class=\"_ _1d2\"> </span><span class=\"ls18 ws0\">620.1 <span class=\"_ _4a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">32.0 <span class=\"_ _16a\"> </span></span></span>588.1 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>144.3 <span class=\"_ _127\"> </span>144.3 </span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _123\"> </span><span class=\"ls0 ws0\">620.1 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>176.3 <span class=\"_ _127\"> </span>443.7 </span>Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">1,290.5 <span class=\"_ _50\"> </span>20.4 <span class=\"_ _132\"> </span>1,310.9</span><span class=\"ls18 ws0\"><span class=\"_ _92\"></span> </span>1/1/2021  Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>1/1/2021  After adjustment Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">399.0 <span class=\"_ _50\"> </span>57.3 <span class=\"_ _3\"> </span>456.3 </span>Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _157\"> </span>57.3 <span class=\"_ _de\"> </span>57.3 </span>Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">399.0 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>399.0 </span>Current liabilities <span class=\"_ _c5\"> </span><span class=\"ls49 ws0\">813.8 <span class=\"_ _66\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">37.0<span class=\"_ _43\"></span> <span class=\"_ _16a\"> </span><span class=\"ls18\">776.8 </span></span></span></span>Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>215.1 <span class=\"_ _127\"> </span>215.1 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _1d5\"> </span><span class=\"ls0 ws0\">813.8 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>252.0 <span class=\"_ _127\"> </span>561.8 </span>Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">1,212.8 <span class=\"_ _11b\"> </span>20.4 <span class=\"_ _132\"> </span><span class=\"ls29\">1,2<span class=\"_ _43\"></span>33.2</span></span><span class=\"ls18 ws0\"><span class=\"ls29\"> </span></span>Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _20f\"> </span><span class=\"ff2f ls1ea wsafe\">31/12/2021<span class=\"_ _43\"></span>  </span>Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>31/12/2021<span class=\"_ _43\"></span>  After adjustment Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">695.8 <span class=\"_ _a5\"> </span>729.5 <span class=\"_ _132\"> </span>1,425.<span class=\"_ _92\"></span>4 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">695.8 <span class=\"_ _f3\"> </span>204.3 <span class=\"_ _5f\"> </span>900.1 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>525.2 <span class=\"_ _127\"> </span>525.2 </span>Current assets <span class=\"_ _210\"> </span><span class=\"ls18 ws0\">3,865.7 <span class=\"_ _fd\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>559.7 <span class=\"_ _132\"> </span><span class=\"ls35\">3,306.0 </span></span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _23\"> </span>1,972.7 <span class=\"_ _aa\"> </span>1,972.7 </span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _2\"> </span><span class=\"ls0 ws0\">3,865.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>2,532.4 <span class=\"_ _59\"> </span>1,333.3 </span>Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">4,561.5 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>4,731.3<span class=\"_ _333\"> </span></span><span class=\"ls18 ws0\"> </span>31/12/2021<span class=\"_ _43\"></span>  Before adjustment Adjustment 31/12/2021<span class=\"_ _43\"></span>  After adjustment Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">462.1 <span class=\"_ _a5\"> </span>734.8 <span class=\"_ _132\"> </span>1,196.9<span class=\"_ _92\"></span> </span>Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _aa\"> </span>734.8 <span class=\"_ _127\"> </span>734.8 </span>Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">462.1 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>462.1 </span>Current liabilities <span class=\"_ _106\"> </span><span class=\"ls18 ws0\">4,614.<span class=\"_ _92\"></span>7 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>565.0 <span class=\"_ _132\"> </span>4,049.7 </span>Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _fd\"> </span>3,313.3 <span class=\"_ _aa\"> </span>3,313.3 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _11f\"> </span><span class=\"ls0 ws0\">4,614.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>3,878.3 <span class=\"_ _127\"> </span>736.4 </span>Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">5,076.8 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>5,246.6</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "Balance sheet presentation of <span class=\"_ _92\"></span>d<span class=\"_ _43\"></span>erivativ<span class=\"_ _92\"></span>e financial instruments  Due to the <span class=\"_ _92\"></span>significant incre<span class=\"_ _92\"></span>ase <span class=\"_ _43\"></span>in prices on the electricity and g<span class=\"_ _92\"></span>as markets in the curr<span class=\"_ _92\"></span>ent and previous financial years, the resulting high measurement effects in other receivables and liabilities led to large increases in<span class=\"_ _92\"></span> these items. The p<span class=\"_ _92\"></span>resentation o<span class=\"_ _92\"></span>f derivative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments in the bal<span class=\"_ _92\"></span>ance sheet was adjusted in order to continue pr<span class=\"_ _92\"></span>oviding a true and fa<span class=\"ls82 ws801\">ir view in addition to en<span class=\"_ _92\"></span>suring comparability with </span>the financial s<span class=\"_ _92\"></span>tatements of companies in<span class=\"_ _92\"></span> the same or similar industries<span class=\"_ _92\"></span>. The measuremen<span class=\"_ _92\"></span>t gains and losses fro<span class=\"_ _92\"></span>m derivative financial instrumen<span class=\"_ _92\"></span>ts previously presen<span class=\"_ _92\"></span>ted in trade receivables<span class=\"_ _92\"></span>, other receivables and securities or trade pa<span class=\"_ _92\"></span>yables and other liabilities <span class=\"ls97 ws3f9\">ar<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> broken down in application of IAS <span class=\"_ _92\"></span>8.<span class=\"_ _43\"></span>14 <span class=\"_ _92\"></span>(<span class=\"_ _43\"></span>b) into </span>a current and non-current portion and presented separately in the<span class=\"_ _43\"></span> new items Receivables<span class=\"_ _43\"></span> from<span class=\"_ _333\"> </span>Adjustments in accordance<span class=\"_ _92\"></span> with IAS 8.14 (b) and IAS 8.41<span class=\"_ _333\"> </span>derivative financial instruments and Liabilities from derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nc<span class=\"ls80 ws5ab\">ial instruments. These items hav<span class=\"_ _92\"></span>e </span>so far not been br<span class=\"_ _92\"></span>oken down into curr<span class=\"_ _92\"></span>ent and non-curr<span class=\"_ _92\"></span>ent components<span class=\"_ _92\"></span>, which will be corrected in application<span class=\"_ _92\"></span> of IAS 8.41. This did not ha<span class=\"_ _92\"></span>ve any effect on earnings<span class=\"_ _92\"></span>. The changes and corr<span class=\"_ _92\"></span>ections presented were made<span class=\"_ _92\"></span> retrospectively in<span class=\"_ _92\"></span> accordance with IAS 8 by adj<span class=\"_ _92\"></span>usting all comparative in<span class=\"_ _92\"></span>formation. Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>1/1/2021  Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>1/1/2021  After adjustment Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">670.4 <span class=\"_ _11b\"> </span>52.4 <span class=\"_ _16a\"> </span>722.8 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">670.4 <span class=\"_ _a5\"> </span>\u2013<span class=\"fsa\"> </span>63.5 <span class=\"_ _127\"> </span>606.9 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>115.9 <span class=\"_ _127\"> </span>115.9 </span>Current assets <span class=\"_ _1d2\"> </span><span class=\"ls18 ws0\">620.1 <span class=\"_ _4a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">32.0 <span class=\"_ _16a\"> </span></span></span>588.1 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>144.3 <span class=\"_ _127\"> </span>144.3 </span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _123\"> </span><span class=\"ls0 ws0\">620.1 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>176.3 <span class=\"_ _127\"> </span>443.7 </span>Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">1,290.5 <span class=\"_ _50\"> </span>20.4 <span class=\"_ _132\"> </span>1,310.9</span><span class=\"ls18 ws0\"><span class=\"_ _92\"></span> </span>1/1/2021  Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>1/1/2021  After adjustment Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">399.0 <span class=\"_ _50\"> </span>57.3 <span class=\"_ _3\"> </span>456.3 </span>Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _157\"> </span>57.3 <span class=\"_ _de\"> </span>57.3 </span>Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">399.0 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>399.0 </span>Current liabilities <span class=\"_ _c5\"> </span><span class=\"ls49 ws0\">813.8 <span class=\"_ _66\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">37.0<span class=\"_ _43\"></span> <span class=\"_ _16a\"> </span><span class=\"ls18\">776.8 </span></span></span></span>Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>215.1 <span class=\"_ _127\"> </span>215.1 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _1d5\"> </span><span class=\"ls0 ws0\">813.8 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>252.0 <span class=\"_ _127\"> </span>561.8 </span>Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">1,212.8 <span class=\"_ _11b\"> </span>20.4 <span class=\"_ _132\"> </span><span class=\"ls29\">1,2<span class=\"_ _43\"></span>33.2</span></span><span class=\"ls18 ws0\"><span class=\"ls29\"> </span></span>Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _20f\"> </span><span class=\"ff2f ls1ea wsafe\">31/12/2021<span class=\"_ _43\"></span>  </span>Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>31/12/2021<span class=\"_ _43\"></span>  After adjustment Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">695.8 <span class=\"_ _a5\"> </span>729.5 <span class=\"_ _132\"> </span>1,425.<span class=\"_ _92\"></span>4 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">695.8 <span class=\"_ _f3\"> </span>204.3 <span class=\"_ _5f\"> </span>900.1 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>525.2 <span class=\"_ _127\"> </span>525.2 </span>Current assets <span class=\"_ _210\"> </span><span class=\"ls18 ws0\">3,865.7 <span class=\"_ _fd\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>559.7 <span class=\"_ _132\"> </span><span class=\"ls35\">3,306.0 </span></span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _23\"> </span>1,972.7 <span class=\"_ _aa\"> </span>1,972.7 </span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _2\"> </span><span class=\"ls0 ws0\">3,865.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>2,532.4 <span class=\"_ _59\"> </span>1,333.3 </span>Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">4,561.5 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>4,731.3<span class=\"_ _333\"> </span></span><span class=\"ls18 ws0\"> </span>31/12/2021<span class=\"_ _43\"></span>  Before adjustment Adjustment 31/12/2021<span class=\"_ _43\"></span>  After adjustment Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">462.1 <span class=\"_ _a5\"> </span>734.8 <span class=\"_ _132\"> </span>1,196.9<span class=\"_ _92\"></span> </span>Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _aa\"> </span>734.8 <span class=\"_ _127\"> </span>734.8 </span>Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">462.1 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>462.1 </span>Current liabilities <span class=\"_ _106\"> </span><span class=\"ls18 ws0\">4,614.<span class=\"_ _92\"></span>7 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>565.0 <span class=\"_ _132\"> </span>4,049.7 </span>Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _fd\"> </span>3,313.3 <span class=\"_ _aa\"> </span>3,313.3 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _11f\"> </span><span class=\"ls0 ws0\">4,614.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>3,878.3 <span class=\"_ _127\"> </span>736.4 </span>Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">5,076.8 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>5,246.6</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "Balance sheet presentation of <span class=\"_ _92\"></span>d<span class=\"_ _43\"></span>erivativ<span class=\"_ _92\"></span>e financial instruments  Due to the <span class=\"_ _92\"></span>significant incre<span class=\"_ _92\"></span>ase <span class=\"_ _43\"></span>in prices on the electricity and g<span class=\"_ _92\"></span>as markets in the curr<span class=\"_ _92\"></span>ent and previous financial years, the resulting high measurement effects in other receivables and liabilities led to large increases in<span class=\"_ _92\"></span> these items. The p<span class=\"_ _92\"></span>resentation o<span class=\"_ _92\"></span>f derivative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments in the bal<span class=\"_ _92\"></span>ance sheet was adjusted in order to continue pr<span class=\"_ _92\"></span>oviding a true and fa<span class=\"ls82 ws801\">ir view in addition to en<span class=\"_ _92\"></span>suring comparability with </span>the financial s<span class=\"_ _92\"></span>tatements of companies in<span class=\"_ _92\"></span> the same or similar industries<span class=\"_ _92\"></span>. The measuremen<span class=\"_ _92\"></span>t gains and losses fro<span class=\"_ _92\"></span>m derivative financial instrumen<span class=\"_ _92\"></span>ts previously presen<span class=\"_ _92\"></span>ted in trade receivables<span class=\"_ _92\"></span>, other receivables and securities or trade pa<span class=\"_ _92\"></span>yables and other liabilities <span class=\"ls97 ws3f9\">ar<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> broken down in application of IAS <span class=\"_ _92\"></span>8.<span class=\"_ _43\"></span>14 <span class=\"_ _92\"></span>(<span class=\"_ _43\"></span>b) into </span>a current and non-current portion and presented separately in the<span class=\"_ _43\"></span> new items Receivables<span class=\"_ _43\"></span> from<span class=\"_ _333\"> </span><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls105 ws49b gs1a4\">Adjustments in </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls128 ws2f7 gs1a5\">accordance<span class=\"_ _92\"></span> with </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls85 ws9c gs1a6\">IAS 8.14 (b) and </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsea ws2b2 gs1a7\">IAS 8.41<span class=\"_ _333\"> </span> </div>derivative financial instruments and Liabilities from derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nc<span class=\"ls80 ws5ab\">ial instruments. These items hav<span class=\"_ _92\"></span>e </span>so far not been br<span class=\"_ _92\"></span>oken down into curr<span class=\"_ _92\"></span>ent and non-curr<span class=\"_ _92\"></span>ent components<span class=\"_ _92\"></span>, which will be corrected in application<span class=\"_ _92\"></span> of IAS 8.41. This did not ha<span class=\"_ _92\"></span>ve any effect on earnings<span class=\"_ _92\"></span>. The changes and corr<span class=\"_ _92\"></span>ections presented were made<span class=\"_ _92\"></span> retrospectively in<span class=\"_ _92\"></span> accordance with IAS 8 by adj<span class=\"_ _92\"></span>usting all comparative in<span class=\"_ _92\"></span>formation. Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>1/1/2021  Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>1/1/2021  After adjustment Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">670.4 <span class=\"_ _11b\"> </span>52.4 <span class=\"_ _16a\"> </span>722.8 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">670.4 <span class=\"_ _a5\"> </span>\u2013<span class=\"fsa\"> </span>63.5 <span class=\"_ _127\"> </span>606.9 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>115.9 <span class=\"_ _127\"> </span>115.9 </span>Current assets <span class=\"_ _1d2\"> </span><span class=\"ls18 ws0\">620.1 <span class=\"_ _4a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">32.0 <span class=\"_ _16a\"> </span></span></span>588.1 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>144.3 <span class=\"_ _127\"> </span>144.3 </span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _123\"> </span><span class=\"ls0 ws0\">620.1 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>176.3 <span class=\"_ _127\"> </span>443.7 </span>Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">1,290.5 <span class=\"_ _50\"> </span>20.4 <span class=\"_ _132\"> </span>1,310.9</span><span class=\"ls18 ws0\"><span class=\"_ _92\"></span> </span>1/1/2021  Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>1/1/2021  After adjustment Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">399.0 <span class=\"_ _50\"> </span>57.3 <span class=\"_ _3\"> </span>456.3 </span>Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _157\"> </span>57.3 <span class=\"_ _de\"> </span>57.3 </span>Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">399.0 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>399.0 </span>Current liabilities <span class=\"_ _c5\"> </span><span class=\"ls49 ws0\">813.8 <span class=\"_ _66\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">37.0<span class=\"_ _43\"></span> <span class=\"_ _16a\"> </span><span class=\"ls18\">776.8 </span></span></span></span>Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>215.1 <span class=\"_ _127\"> </span>215.1 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _1d5\"> </span><span class=\"ls0 ws0\">813.8 <span class=\"_ _2b\"> </span>\u2013<span class=\"fsa\"> </span>252.0 <span class=\"_ _127\"> </span>561.8 </span>Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">1,212.8 <span class=\"_ _11b\"> </span>20.4 <span class=\"_ _132\"> </span><span class=\"ls29\">1,2<span class=\"_ _43\"></span>33.2</span></span><span class=\"ls18 ws0\"><span class=\"ls29\"> </span></span>Adjustment amou<span class=\"_ _92\"></span>nts <span class=\"_ _20c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _20f\"> </span><span class=\"ff2f ls1ea wsafe\">31/12/2021<span class=\"_ _43\"></span>  </span>Before adjustment <span class=\"_ _1e7\"> </span><span class=\"ls1d ws0\">Adjustment </span>31/12/2021<span class=\"_ _43\"></span>  After adjustment Non-current assets <span class=\"_ _b9\"> </span><span class=\"ls18 ws0\">695.8 <span class=\"_ _a5\"> </span>729.5 <span class=\"_ _132\"> </span>1,425.<span class=\"_ _92\"></span>4 </span>Investments and <span class=\"_ _92\"></span>other receivables <span class=\"_ _3e\"> </span><span class=\"ls0 ws0\">695.8 <span class=\"_ _f3\"> </span>204.3 <span class=\"_ _5f\"> </span>900.1 </span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _117\"> </span>525.2 <span class=\"_ _127\"> </span>525.2 </span>Current assets <span class=\"_ _210\"> </span><span class=\"ls18 ws0\">3,865.7 <span class=\"_ _fd\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>559.7 <span class=\"_ _132\"> </span><span class=\"ls35\">3,306.0 </span></span>Receivables from derivativ<span class=\"_ _92\"></span>e financial instruments <span class=\"_ _17e\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _23\"> </span>1,972.7 <span class=\"_ _aa\"> </span>1,972.7 </span>T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her current receivabl<span class=\"_ _92\"></span>es and securities <span class=\"_ _2\"> </span><span class=\"ls0 ws0\">3,865.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>2,532.4 <span class=\"_ _59\"> </span>1,333.3 </span>Effect of the adjustment on assets <span class=\"_ _67\"> </span><span class=\"ls18 ws0\">4,561.5 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>4,731.3<span class=\"_ _333\"> </span></span>31/12/2021<span class=\"_ _43\"></span>  Before adjustment Adjustment 31/12/2021<span class=\"_ _43\"></span>  After adjustment Non-current liabilities <span class=\"_ _cf\"> </span><span class=\"ls18 ws0\">462.1 <span class=\"_ _a5\"> </span>734.8 <span class=\"_ _132\"> </span>1,196.9<span class=\"_ _92\"></span> </span>Liabilities from derivative<span class=\"ls0 ws0\"> financial instruments <span class=\"_ _1ae\"> </span>0.0 <span class=\"_ _aa\"> </span>734.8 <span class=\"_ _127\"> </span>734.8 </span>Other liabilities <span class=\"_ _20d\"> </span><span class=\"ls0 ws0\">462.1 <span class=\"_ _56\"> </span>0.0 <span class=\"_ _127\"> </span>462.1 </span>Current liabilities <span class=\"_ _106\"> </span><span class=\"ls18 ws0\">4,614.<span class=\"_ _92\"></span>7 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>565.0 <span class=\"_ _132\"> </span>4,049.7 </span>Liabilities from derivative financial instruments <span class=\"_ _92\"></span> <span class=\"_ _d3\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _fd\"> </span>3,313.3 <span class=\"_ _aa\"> </span>3,313.3 </span>T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _11f\"> </span><span class=\"ls0 ws0\">4,614.7 <span class=\"_ _11\"> </span>\u2013<span class=\"fsa\"> </span>3,878.3 <span class=\"_ _127\"> </span>736.4 </span>Effect of the adjustment on liabilities <span class=\"_ _20e\"> </span><span class=\"ls18 ws0\">5,076.8 <span class=\"_ _a5\"> </span>169.8 <span class=\"_ _132\"> </span>5,246.6</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs1e1\">2.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba ws962\">Discretionary judgements and ke<span class=\"_ _92\"></span>y assumptions  </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls120 ws6d1 gs1e2\">concerning the future </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws646 gs1e3\">Prepar<span class=\"_ _92\"></span>ers of financial sta<span class=\"_ _92\"></span>tements are gr<span class=\"_ _92\"></span>anted various options in<span class=\"_ _92\"></span> connection with the applicatio<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb1 wsaff gs1e4\">IFRSs. F<span class=\"_ _92\"></span>or this r<span class=\"_ _92\"></span>eason, the mana<span class=\"_ _92\"></span>gement must m<span class=\"_ _92\"></span>ake <span class=\"ls67 ws707\">discretionary decisions as well as es<span class=\"_ _92\"></span>timates and </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws205 gs1e5\">assumption<span class=\"_ _92\"></span>s regarding fut<span class=\"_ _92\"></span>ure developments tha<span class=\"_ _92\"></span>t can have a s<span class=\"_ _92\"></span>ignificant influence on<span class=\"_ _92\"></span> amounts shown in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws476 gs1e6\">these consolidat<span class=\"_ _92\"></span>ed financial statements<span class=\"_ _92\"></span>. The amount<span class=\"_ _92\"></span><span class=\"ls78 ws18a\">s actually realised can differ from the amoun<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws751 gs1e7\">recognised based on the decisions an<span class=\"_ _92\"></span>d assumptions that wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> made<span class=\"_ _92\"></span>. Estimates and the underl<span class=\"_ _92\"></span>ying </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 ws249 gs1e8\">assumptions ar<span class=\"_ _92\"></span>e regularly reviewed and adj<span class=\"_ _92\"></span>usted if necessary<span class=\"_ _43\"></span>. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 wsb00 gs1e9\">The following discr<span class=\"_ _92\"></span>etionary decisions and assump<span class=\"lsc5 wsb01\">tions regarding the future have a significant </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs1ea\">influence on the fin<span class=\"_ _92\"></span>ancial statements: </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls1fc wsaf6 gs1eb\">Dis<span class=\"_ _43\"></span>cre<span class=\"_ _43\"></span>tio<span class=\"_ _43\"></span>nar<span class=\"_ _43\"></span>y d<span class=\"_ _43\"></span>eci<span class=\"_ _43\"></span>sio<span class=\"_ _43\"></span>ns<span class=\"_ _43\"></span> an<span class=\"_ _43\"></span>d as<span class=\"_ _43\"></span>sum<span class=\"_ _43\"></span>pti<span class=\"_ _43\"></span>on<span class=\"_ _43\"></span>s reg<span class=\"_ _43\"></span>ard<span class=\"_ _43\"></span>ing<span class=\"_ _43\"></span> th<span class=\"_ _43\"></span>e fu<span class=\"_ _43\"></span>tu<span class=\"_ _43\"></span>re <span class=\"_ _211\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs1ec\">Assessment of th<span class=\"_ _92\"></span>e terms of leases <span class=\"_ _212\"> </span><span class=\"ls1a ws1c\">Section 4.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1ed\">Determination of the discount<span class=\"ls36 ws35\"> rate for impairment testing <span class=\"_ _213\"> </span>Section 4.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs1ee\">Determination of the e<span class=\"_ _92\"></span>xpected cash flows for impairment <span class=\"_ _92\"></span>testing of goodwill <span class=\"_ _148\"> </span><span class=\"ls1a ws1c\">Section 4.4.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs1ef\">Determination of the e<span class=\"_ _92\"></span>xpected cash flows for impairment <span class=\"_ _92\"></span>testing of power plan<span class=\"_ _92\"></span>ts <span class=\"_ _214\"> </span><span class=\"ls1a ws1c\">Section 4.4.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs1f0\">Determination of the discount rate for the m<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>asurement of pensions and <span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs1f1\">similar obligations as well as <span class=\"ls59 ws5a\">statutory termination benefits </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs1f2\">Section 9.2 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs1f3\">Determination of measurement par<span class=\"_ _92\"></span>ameters for other provisions <span class=\"_ _13c\"> </span><span class=\"ls1a ws1c\">Section 9.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls9c ws190 gs1f4\">Determination of the likelihood<span class=\"ls60 ws61\"> of contingent liabilities <span class=\"_ _c0\"> </span><span class=\"ls1a ws1c\">Section 13.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs1f5\">Evaluation of whether o<span class=\"_ _92\"></span>ther entities are co<span class=\"ls0 ws0\">ntrolled or jointly managed by VERBUND or  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs1f6\">whether VERBUND can e<span class=\"_ _92\"></span>xert a significant influence on ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her entity and/or <span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws25a gs1f7\">whether an entity represents a joint operation of VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs1f8\">Section 13.4<span class=\"_ _333\"> </span> </div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls139 ws45b gs5e3\">Determin<span class=\"_ _43\"></span>ation of the term of lease<span class=\"_ _43\"></span>s </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws7c gs5e4\">Determining the t<span class=\"_ _92\"></span>erm of a lease when a clear fixed term has no<span class=\"_ _92\"></span>t been agreed in advance can be fr<span class=\"_ _92\"></span>aught </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws123 gs5e5\">with measur<span class=\"_ _92\"></span>ement uncertainties<span class=\"_ _92\"></span>. All facts and circumstances <span class=\"_ _92\"></span>that repr<span class=\"_ _92\"></span>esent an economic incen<span class=\"_ _92\"></span>tive for </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls97 ws4b9 gs5e6\">the exercise of a renewal option and/or th<span class=\"_ _43\"></span>e non-exercise of a termination opt<span class=\"_ _43\"></span>ion are taken into account </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 wsfc gs5e7\">when determining the t<span class=\"_ _92\"></span>erm. For land<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>leases in particular<span class=\"_ _14\"></span>, cont<span class=\"_ _92\"></span>racts are freque<span class=\"_ _92\"></span>ntly concluded for as long </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws180 gs5e8\">as the leased power<span class=\"_ _92\"></span> plant or line is expected to contin<span class=\"_ _92\"></span>ue to function at its presen<span class=\"_ _92\"></span>t level or in the form of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws137 gs5e9\">an indefinite lease<span class=\"_ _92\"></span>. In these cases, the pr<span class=\"_ _92\"></span>esumed dura<span class=\"ls76 ws7e\">tion<span class=\"_ _92\"></span> of the lease is oriented on the expect<span class=\"_ _92\"></span>ed useful </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb6 ws199 gs5ea\">life of the po<span class=\"_ _92\"></span>wer plant or line<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></div>Determination<span class=\"_ _92\"></span> of the discount ra<span class=\"_ _92\"></span>te The discount r<span class=\"_ _92\"></span>ate is an after-tax int<span class=\"_ _92\"></span>erest rate <span class=\"_ _92\"></span>that reflects cu<span class=\"_ _92\"></span>rrent mark<span class=\"_ _92\"></span>et estimates<span class=\"_ _92\"></span>, the time value of<span class=\"_ _92\"></span> money and the specific risks associa<span class=\"_ _92\"></span>ted with the asset (<span class=\"_ _92\"></span>or cash-generating unit<span class=\"_ _92\"></span>). The correspondin<span class=\"_ _92\"></span>g pre-<span class=\"_ _333\"> </span>tax inter<span class=\"_ _92\"></span>est rate is determined iter<span class=\"_ _92\"></span>atively.  The weighted a<span class=\"_ _92\"></span>verage c<span class=\"_ _92\"></span>apital costs (W<span class=\"_ _14\"></span>ACC) are applied to determi<span class=\"_ _92\"></span>ne recovera<span class=\"_ _92\"></span>ble amounts using net presen<span class=\"_ _92\"></span>t value methods. T<span class=\"_ _92\"></span>he weighting of the r<span class=\"_ _92\"></span>eturn on equity and the cost of de<span class=\"_ _92\"></span>bt was derived from an adequate peer gr<span class=\"_ _92\"></span>oup. T<span class=\"_ _92\"></span>he return on<span class=\"_ _92\"></span> equity is dete<span class=\"ls76 ws47d\">rmined from a refer<span class=\"_ _92\"></span>ence rat<span class=\"_ _92\"></span>e, market risk<span class=\"_ _92\"></span> premium </span>and beta factor using <span class=\"_ _92\"></span>the capital asset pricing model (CAPM). The co<span class=\"_ _92\"></span>st of debt before tax corr<span class=\"_ _92\"></span>esponds to the ret<span class=\"_ _92\"></span>urn on debt instruments tr<span class=\"_ _92\"></span>aded on the market <span class=\"ls75 wsa9d\">with a<span class=\"_ _92\"></span>n equivalent risk of default and matc<span class=\"_ _92\"></span>hing<span class=\"_ _43\"></span> </span>maturities<span class=\"_ _92\"></span>. Correspondin<span class=\"_ _92\"></span>g premiums are take<span class=\"_ _92\"></span>n into account in or<span class=\"_ _92\"></span>der to adequately depict coun<span class=\"_ _92\"></span>tr<span class=\"_ _43\"></span>y risks. In view of the v<span class=\"_ _92\"></span>olatile financial mar<span class=\"_ _92\"></span>ket environm<span class=\"_ _92\"></span>ent, the developmen<span class=\"_ _92\"></span>t of capital costs (and in particular country risk premiums) is un<span class=\"ls38 ws1a0\">der contin<span class=\"_ _92\"></span>uous<span class=\"_ _43\"></span> obser<span class=\"_ _43\"></span>vation<span class=\"_ _333\"> </span></span><span class=\"ls38 ws1a0\">.<span class=\"_ _333\"> </span></span>4.4.1 Impairment testin<span class=\"_ _92\"></span>g of goodwill<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf7 ws2f7 gs664\">Impairment testing <span class=\"_ _92\"></span>of goodwill for the Hy<span class=\"_ _92\"></span>dro segment <span class=\"_ _f6\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs665\">  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs666\">Group of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs667\">cash-generating units </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls26 ws26 gs668\">All hydraulic energy power plants of </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws35 gs669\">VERBUND plus goodwill and  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws30 gs66a\">deferred tax items </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs66b\">All hydraulic energy power plants of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs66c\">VERBUND plus goodwill and  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs66d\">deferred tax items </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs66e\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs66f\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls61 ws62 gs670\">Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs671\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls24 ws25d gs672\">net present value approach (DCF method<span class=\"_ _0\"></span>) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gs673\">Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs674\">net present value approach (DCF method) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs675\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs676\">(based primarily on near-market data) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs677\">Budgets of VERBUND  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs678\">(based primarily on near-market data) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs679\">V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls21 ws22\">Average <span class=\"_ _92\"></span>expected generation of the </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1f ws20 gs67a\">respective power plant<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws1d gs67b\">Average expected generation of the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2f ws28 gs67c\">respective power plants </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs67d\">Price <span class=\"_ _209\"> </span><span class=\"fc4 ls1e ws63\">Internal price fore<span class=\"_ _92\"></span>casts and power  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls59 ws5a gs67e\">plant-specific premiums or discounts  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls30 ws2d gs67f\">(for example, the <span class=\"_ _92\"></span>sale of guarantees of </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5b ws0 gs680\">origin) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs681\">Internal price forecasts and power  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs682\">plant-specific premiums or discounts  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs683\">(for example, the sale of guarantees of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gs684\">origin) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs685\">Planning period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs686\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs687\"> <span class=\"_ _39\"> </span><span class=\"fc4 ls1c ws1d\">Detailed planning phase: up <span class=\"_ _92\"></span>to a maximum </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs688\">of 6 years depending on the specific  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws30 gs689\">power plant; rough plannin<span class=\"_ _92\"></span>g phase: up to  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls32 ws2e gs68a\">a maximum of 23 years depending on the </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls46 ws45 gs68b\">specific power plant; <span class=\"ls149 wsb44\">subsequent termina<span class=\"_ _43\"></span>l </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws30 gs68c\">value phase following<span class=\"ls62 ws64\"> rough planni<span class=\"_ _92\"></span>ng  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1e ws1f gs68d\">phase depending on the s<span class=\"_ _92\"></span>pecific  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls24 ws25d gs68e\">power plant </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs68f\">Detailed planning phase: up to a maximum </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls30 ws5c6 gs690\">of 6 years depending on the sp<span class=\"_ _92\"></span>ecific </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs691\">power plant; rough planning phase: up to </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs692\">a maximum of 32 years depending on the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs693\">specific power plant; subsequent terminal </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs694\">value phase following rough planning </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws25 gs695\">phase depending on the specific  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls102 wsb45 gs696\">power plant </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs697\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs698\">assumptions </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2b ws29 gs699\">Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs69a\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4\">WACC: 4.00 % to 8.50 %  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws35 gs69b\">depending on the location<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs69c\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1e wsb20 gs69d\">WACC: 5.75 % to 12.50 %  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs69e\">depending on the location<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs69f\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs6a0\">Impairment loss  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2a gs6a1\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs6a2\">3<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls31 ws0 gs6a3\">\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs6a4\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls42 ws40 gs6a5\"> The planning peri<span class=\"_ _92\"></span>od was extended to 2060 due to the avai<span class=\"_ _92\"></span>lability of price curves.<span class=\"_ _92\"></span> // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs6a6\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3e ws3c gs6a7\"> The iterativel<span class=\"_ _43\"></span>y calcula<span class=\"_ _43\"></span>ted implicit pre-tax<span class=\"_ _43\"></span> interest r<span class=\"_ _43\"></span>ate was 6.43 %\u2013<span class=\"fsa ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls16c ws6d7\">13.79 % (previ<span class=\"_ _92\"></span>ous year: </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls42 ws40 gs6a8\">4.82 %\u2013</div><div class=\"t m0 h12 ff2a fsa fc0 sc0 ls0 ws0 gs6a9\"> <span class=\"fsc ls42 ws40\">9.37 %). //<span class=\"_ _92\"></span> </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs6aa\">3</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1dc ws0 gs6ab\"> Management <span class=\"_ _43\"></span>believes th<span class=\"_ _43\"></span>e carrying a<span class=\"_ _43\"></span>mount of the<span class=\"_ _43\"></span> Hydro se<span class=\"_ _43\"></span>gment\u2019s assets<span class=\"_ _43\"></span> includin<span class=\"_ _43\"></span>g goodwill <span class=\"_ _43\"></span>will not exce<span class=\"_ _43\"></span>ed the r<span class=\"_ _43\"></span>ecoverable a<span class=\"_ _43\"></span>moun<span class=\"ls137 wsb46\">t as a r<span class=\"_ _43\"></span>esult of p<span class=\"_ _43\"></span>otential </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls232 wsb47 gs6ac\">changes in the key measurement assumptions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Sal<span class=\"_ _92\"></span>es segment <span class=\"_ _cf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All of VERBUND\u2019s sales activities  plus goodwill All of VERBUND\u2019s sales activities  plus goodwill Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls33 ws30\">Expected tr<span class=\"_ _92\"></span>ading and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Price <span class=\"_ _209\"> </span><span class=\"fc4 ls33 ws30\">Expected tradin<span class=\"_ _92\"></span>g and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1e ws1f\">Detailed planning phase of 6 years  </span>followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase of 6 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Expected trading and dis<span class=\"_ _92\"></span>tribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins Expected trading and distribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls59 ws5a\">WACC after taxes (4.00 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls5b ws5c\">4.25 %)<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _fd\"> </span><span class=\"ff2f fc0 ls33 ws91c\">WACC after taxes (5.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1aa wsb48\">6.25 %)<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 8<span class=\"_ _43\"></span>.46 % (previou<span class=\"_ _43\"></span>s year: 5<span class=\"_ _43\"></span>.60 %). // 2 Management bel<span class=\"_ _43\"></span>ieves the carryin<span class=\"_ _43\"></span>g amount of<span class=\"_ _43\"></span> the Sales segmen<span class=\"_ _43\"></span>t\u2019s assets including g<span class=\"_ _43\"></span>oodwill will n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recovera<span class=\"_ _43\"></span>ble amoun<span class=\"_ _43\"></span>t as a result<span class=\"_ _43\"></span> of potent<span class=\"_ _43\"></span>ial changes <span class=\"_ _43\"></span>in the key m<span class=\"_ _43\"></span>easuremen<span class=\"_ _43\"></span>t assumpti<span class=\"_ _43\"></span>ons<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for t<span class=\"_ _92\"></span>he Inn River pow<span class=\"_ _92\"></span>er plant group<span class=\"_ _92\"></span> <span class=\"_ _37\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that f<span class=\"_ _43\"></span>urther<span class=\"_ _43\"></span>more  each represent a <span class=\"_ _0\"></span>cash-generating u<span class=\"_ _0\"></span>nit,  plus goodwill and de<span class=\"ls61 ws62\">ferred tax accruals </span>Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that furthermore  each represent a cash-generating unit,  plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls60 ws61\">VERBUND Innkraftwerke GmbH budgets  </span>(based mainly on near-marke<span class=\"_ _92\"></span>t data) VERBUND Innkraftwerke GmbH budgets  (based mainly on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls46 ws45\">Annual output correspondin<span class=\"_ _92\"></span>g to the  </span>mean energy capability of 1,855 or 1,994 GWh (after conclusion of the T\u00f6ging modernisation proj<span class=\"_ _92\"></span>ect) Annual output corresponding to the  mean energy capability of 1,994 GWh  (after conclusion of the T\u00f6ging modernisation project) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration of the  water charges based on<span class=\"lsca ws25c\"> official notices; </span>estimate of the m<span class=\"_ _92\"></span>aintenance costs by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the  water charges based on offi<span class=\"_ _92\"></span>cial notices; estimate of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>2 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.00 %<span class=\"_ _333\"> </span></span>3 <span class=\"_ _288\"> </span><span class=\"ff2f fc0 ls46 ws2b\">WACC: 5.75 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The Inn River p<span class=\"_ _43\"></span>ower plant g<span class=\"_ _43\"></span>roup comprises<span class=\"_ _43\"></span> the followin<span class=\"_ _43\"></span>g run-of-river<span class=\"_ _43\"></span> power pla<span class=\"_ _43\"></span>nts: Aubach, Fe<span class=\"_ _43\"></span>ldkirchen, <span class=\"_ _43\"></span>Gars, Jettenbach<span class=\"_ _43\"></span> II, N<span class=\"ws9ee\">eu\u00f6ttin<span class=\"_ _43\"></span>g, Perach, Rosenh<span class=\"_ _43\"></span>eim, Stammh<span class=\"_ _43\"></span>am, </span>Teufelsbruc<span class=\"_ _43\"></span>k, T\u00f6ging, W<span class=\"_ _43\"></span>asserbur<span class=\"_ _43\"></span>g. // 2 The planning period wa<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>extended to 2060 due<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>o the availabili<span class=\"_ _92\"></span>ty <span class=\"_ _43\"></span>of price curves. //<span class=\"_ _92\"></span> 3 The iterat<span class=\"_ _43\"></span>ively calcu<span class=\"_ _43\"></span>lated implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest rate<span class=\"_ _43\"></span> was 7.71 % (previ<span class=\"_ _92\"></span>ous year: 4.82 %). // 4 Management believes the carrying amount of the Inn River power plant group\u2019s asse<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> including goodwill will not exceed the recoverable<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>mount as a result of po<span class=\"_ _92\"></span>tential <span class=\"ls1f5 wsaeb\">changes in the key <span class=\"_ _43\"></span>measurement assumptions<span class=\"_ _333\"> </span></span><span class=\"ls1f5 wsaeb\">.<span class=\"_ _333\"> </span></span>Impairment testing of good<span class=\"_ _92\"></span>will for the Grenzkraftw<span class=\"_ _92\"></span>erke po<span class=\"_ _92\"></span>wer plant group<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of th<span class=\"_ _92\"></span>e Grenzkraftwerke power plant gro<span class=\"_ _92\"></span>up<span class=\"_ _333\"> </span>2 that each represent a cash-g<span class=\"_ _92\"></span>enerating unit, plus goodwill and deferre<span class=\"ls1a ws256\">d tax accruals </span>Run-of-river power plants of the Grenzkraftwerke power plant group<span class=\"_ _333\"> </span>2 that each represent a cash-generating unit, plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws792\">Grenzkraftwerke Gm<span class=\"ls106 ws35e\">bH\u2019s budgets  </span></span>(based primarily on near-market data) Grenzkraftwerke GmbH\u2019s budgets  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls60 ws61\">Annual output correspondin<span class=\"_ _92\"></span>g to the mean </span>energy capability of 3,957 GWh Annual output corresponding to the mean energy capability of 3,957 or 4,007 GWh (after completing measures to increase efficiency at Ering-Frauenstein) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the water charges based on official notices; estimate of the maintenance co<span class=\"_ _92\"></span>sts by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the water charges based on off<span class=\"_ _92\"></span>ici<span class=\"ls46 ws2b\">al notices; estimate </span>of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>3 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls62 ws64\">Austria: WACC: 4.25 %<span class=\"_ _333\"> </span></span>4<span class=\"_ _333\"> </span>Germany: WACC: 4.00 % Austria: WACC: 6.25 %<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>Germany: WACC: 5.75 % Impairment loss  during the period<span class=\"_ _333\"> </span>5<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The following notes relate to the second step of the two-step <span class=\"ls4f ws51\">impairment test of the Gr<span class=\"_ _43\"></span>enzkraftwer<span class=\"_ _43\"></span>ke power plan<span class=\"_ _43\"></span>t group. The r<span class=\"_ _43\"></span>e<span class=\"ls4e ws50\">coverabil<span class=\"_ _43\"></span>ity of the in<span class=\"_ _43\"></span>dividual run<span class=\"_ _43\"></span>-of-river power<span class=\"_ _43\"></span> </span></span>plants was tested in the firs<span class=\"_ _43\"></span>t step. // 2 The Grenzkraftwerk<span class=\"_ _92\"></span>e <span class=\"_ _43\"></span>power plant gro<span class=\"_ _92\"></span>u<span class=\"_ _43\"></span>p comprises the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>following power pl<span class=\"_ _92\"></span>ants: Braunau-Simbach, Egglfing-Obe<span class=\"_ _92\"></span>rnberg, Ering-Frauens<span class=\"ls236 ws0\">tein, </span>Jochenstein, Nu\u00dfdorf, Oberaudorf-Ebbs, Passau-Ingling and<span class=\"_ _92\"></span> S<span class=\"_ _43\"></span>ch\u00e4rding-Neuhaus. // 3 The planning period wa<span class=\"_ _92\"></span>s extended to 2060 due to the availabili<span class=\"_ _92\"></span>ty of price curves. //  4 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 7<span class=\"_ _43\"></span>.98 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls238 wsb4f\">8.11 % (previous year: 5.<span class=\"_ _92\"></span>16 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls42 ws40\">5.24 %). // </span></span>5 According to management, the carrying amount of the Grenzkraftw<span class=\"_ _43\"></span>erke power <span class=\"_ _43\"></span>plant group\u2019s<span class=\"_ _43\"></span> assets (l<span class=\"_ _43\"></span>ess defer<span class=\"_ _43\"></span>red tax liabilit<span class=\"_ _43\"></span>ies) inc<span class=\"_ _43\"></span>luding goodw<span class=\"_ _43\"></span>ill does n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recoverable<span class=\"_ _43\"></span> a<span class=\"ls180 ws7db\">mount as a result of possible changes in key </span>measurement assumpt<span class=\"_ _43\"></span>ions<span class=\"_ _333\"> </span>I<span class=\"_ _333\"> </span>mpairment testing <span class=\"_ _92\"></span>of goodwill for Gas C<span class=\"_ _92\"></span>onnect Austria<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Group of  cash-generating units Gas Connect Austria GmbH (GCA),  Austrian Gas Grid Management AG (AGGM), Trans Au<span class=\"_ _92\"></span>stria Gasleitung GmbH (TAG), profit par<span class=\"_ _92\"></span>ticipation right with respect to material assets of TAG plus goodwill  less deferred tax accruals Gas Connect Austria GmbH (GCA), Austrian Gas Grid Management AG (AGGM), Trans Austria<span class=\"ls37 ws26\"> Gasleitung GmbH </span>(TAG), profit participation right with respect to material assets of TAG plus goodwill less deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal<span class=\"_ _92\"></span> </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls1ab ws813\">GCA budgets <span class=\"_ _92\"></span> </span>(based primarily on near mark<span class=\"_ _92\"></span>et data) GCA budgets  (based primarily on <span class=\"lsca\">near market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls9c ws190\">Cap<span class=\"_ _43\"></span>acity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariffs published by t<span class=\"_ _92\"></span>he regulator <span class=\"_ _276\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by the </span></span>regulator Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years; <span class=\"_ _92\"></span> </span>rough planning phase: 23 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 22 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac852.7m <span class=\"_ _11f\"> </span><span class=\"ff2f fc0 ls18\">\u20ac7<span class=\"_ _92\"></span>04.6m </span></span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">8.8m <span class=\"_ _1a5\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls9c\">39.3m </span></span></span>1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the tw<span class=\"_ _43\"></span>o-step im<span class=\"_ _43\"></span>pairment tes<span class=\"_ _43\"></span>t of the Gas<span class=\"_ _43\"></span> Connect A<span class=\"_ _43\"></span>ustria g<span class=\"_ _43\"></span>roup of cas<span class=\"_ _43\"></span>h-g<span class=\"ls239 wsb51\">enerating units. In<span class=\"_ _43\"></span> the first step,<span class=\"_ _43\"></span> the </span>recoverabilit<span class=\"_ _43\"></span>y of the<span class=\"_ _43\"></span> GCA unit<span class=\"_ _43\"></span>s including<span class=\"_ _43\"></span> AGGM and t<span class=\"_ _43\"></span>he investm<span class=\"_ _43\"></span>ent<span class=\"ls235 wsb4c\"> in Trans Austria Gasleitung GmbH (TAG) was tested. TAG\u2019s asse<span class=\"ls1b5 ws91d\">t participation<span class=\"_ _43\"></span> right was mea<span class=\"_ _43\"></span>sured at f<span class=\"_ _43\"></span>air </span></span>value in accordan<span class=\"_ _43\"></span>ce with IFRS 9. /<span class=\"_ _43\"></span>/ 2 An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognise<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>in the 2022 report<span class=\"_ _92\"></span><span class=\"ls3d ws3b\">ing period in the amount of \u20ac16.8m as at 30 June 2022.<span class=\"_ _92\"></span> As at </span>31 December 2022, the i<span class=\"_ _92\"></span>mpairment recognised during the year i<span class=\"_ _92\"></span>ncreased to \u20ac39.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2022   <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.1m </span>\u20ac+<span class=\"fsa\"> </span>9.9m Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2021 <span class=\"_ _158\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.7m </span>\u20ac+<span class=\"fsa\"> </span>10.6m<span class=\"_ _333\"> </span>Impairment testing of good<span class=\"_ _92\"></span>will for SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls61 ws62\">SMATRICS GmbH &amp; Co KG,  </span>full-service provider for  electromobility charging solutions SMATRICS GmbH &amp; Co KG,  full-service provider for  electromobility charging solutions Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _257\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls34 ws32\">SMATRICS GmbH &amp; Co KG budgets  </span>(based primarily on near-market data) SMATRICS GmbH &amp; Co KG  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls5d ws5e\">Electric vehicle ramp-up <span class=\"_ _289\"> </span></span><span class=\"ff2f ls2b ws1f\">Electric vehicle ramp-up </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls33 ws30\">Charging rates <span class=\"_ _5c\"> </span></span><span class=\"ff2f ls20 ws25\">Charging rates </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 9 years plu<span class=\"_ _92\"></span>s </span>subsequent terminal value phase Detailed planning phase: 8 years plus subsequent terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electric vehicle ramp-up, discount rate <span class=\"_ _4d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Electric vehicle ramp-up, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 10.00 % <span class=\"_ _12a\"> </span></span><span class=\"ff2f ls33 ws91c\">WACC: 12.25 % </span>Impairment loss  during the period \u2013 <span class=\"_ _13\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"_ _333\"> </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2022    <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span>12.25 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.7m </span>\u20ac+<span class=\"fsa\"> </span>2.1m Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2021  V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span><span class=\"ls37 ws36\">10.00 % <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.8m </span>\u20ac+<span class=\"fsa\"> </span>3.8m<span class=\"_ _333\"> </span>Impairment test of the goodwill of the Spanish r<span class=\"_ _92\"></span>enewables portfolio<span class=\"_ _333\"> </span>1  <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Photovoltaic portfolios with a capac<span class=\"_ _43\"></span>ity of <span class=\"ls5d ws2d\">82.1 MWp in operation (Anselma Issuer, S.A. </span>and Topacio Energy, S.L.U.), <span class=\"ls0 ws1b\">wind/photovoltaic portfolios wi<span class=\"ls24 ws95a\">th a capacity of 2,129 MW </span></span>in development (Tejo Solar, S.L.U., Catalp<span class=\"ls9c ws61\">a Solar, S.L.U. and VERBU<span class=\"_ _43\"></span>ND Green Power </span>Renewable Projects, S.L.U.) plus <span class=\"ls1a ws24\">goodwill less deferred tax items </span>Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ls2b ws1f\">Tariffs for existing plants; internal price forecast for proj<span class=\"ls61 ws20\">ec<span class=\"_ _43\"></span>ts, premium for additional </span></span>proceeds from the sale of guarantees of<span class=\"ls5b wsb52\"> origin (derived from quoted prices) </span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 17 years for ex<span class=\"ls62 ws90e\">isting projects and 29 years (PV) or </span>24 years (wind) for de<span class=\"_ _92\"></span><span class=\"ls2b wsb54\">velopment p<span class=\"_ _43\"></span>rojects </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac766.1m<span class=\"_ _92\"></span> </span>Impairment losses  during the period \u20ac\u2013<span class=\"fsa ls0\"> </span>94.2m 1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the two-s<span class=\"_ _43\"></span>tep impa<span class=\"_ _43\"></span>irment test<span class=\"_ _43\"></span> of the Spa<span class=\"_ _43\"></span>nish rene<span class=\"_ _43\"></span>wables portf<span class=\"_ _43\"></span>olio group<span class=\"_ _43\"></span> <span class=\"ls12c wsb55\">of cash-generating<span class=\"_ _43\"></span> units. In the f<span class=\"_ _43\"></span>irst step, the </span>recoverability o<span class=\"_ _43\"></span>f developmen<span class=\"_ _43\"></span>t projects was test<span class=\"_ _43\"></span>ed in accord<span class=\"_ _43\"></span>ance with IAS 3<span class=\"_ _43\"></span>6.10(a) while<span class=\"_ _43\"></span> the recoverab<span class=\"_ _43\"></span>ility of exist<span class=\"_ _43\"></span>ing projects<span class=\"ls233 wsb49\"> was t<span class=\"_ _43\"></span>ested if there was an<span class=\"_ _43\"></span>y indication<span class=\"_ _43\"></span> that they </span>might be impaired. // 2 The Spanish renewab<span class=\"_ _43\"></span>les portfolio can be brok<span class=\"_ _43\"></span>en down into the follow<span class=\"_ _43\"></span>ing portfolios<span class=\"_ _43\"></span>: Anselma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, Topacio <span class=\"lsce ws261\">Ener<span class=\"_ _43\"></span>gy, S.L.U. with 1<span class=\"_ _43\"></span>9 </span>CGUs, Tejo S<span class=\"_ _43\"></span>olar, S.L.U. wi<span class=\"_ _43\"></span>th 18 CGUs, Catal<span class=\"_ _43\"></span>pa Solar, S.L.U<span class=\"_ _43\"></span>. with 5 CGUs an<span class=\"_ _43\"></span>d VERBUND Gr<span class=\"_ _43\"></span>een Power Rene<span class=\"_ _43\"></span>wable Projects<span class=\"_ _43\"></span>, S.L.U. wit<span class=\"ls206 wsb57\">h 3 CGUs. //<span class=\"_ _92\"></span> </span>3 Since the return on the Anselma Issuer, <span class=\"_ _43\"></span>S.A. and T<span class=\"_ _43\"></span>opacio Energy, S.<span class=\"_ _43\"></span>L.U. portfoli<span class=\"_ _43\"></span>os is secure<span class=\"_ _43\"></span>d by tariff for<span class=\"_ _43\"></span> the next 15<span class=\"_ _43\"></span> to 18 years, f<span class=\"_ _43\"></span>ollowed by a p<span class=\"_ _43\"></span>eri<span class=\"ls39 ws37\">od of merchant marke<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ing, two WACCs were used<span class=\"_ _92\"></span> </span>for the valu<span class=\"_ _43\"></span>ation. The <span class=\"_ _43\"></span>implicit <span class=\"_ _43\"></span>pre-tax inter<span class=\"_ _43\"></span>est rate det<span class=\"_ _43\"></span>ermined thr<span class=\"_ _43\"></span>ough a pro<span class=\"_ _43\"></span>cess of iter<span class=\"_ _43\"></span>ation am<span class=\"_ _43\"></span>ounted to 7.<span class=\"_ _43\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">8.67 %<span class=\"_ _333\"> </span></span><span class=\"fsc ls42 ws40\">. </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish renew<span class=\"_ _92\"></span>ables portfolio 12/1/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _a4\"> </span>5.75 %/6.50 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac+<span class=\"fsa\"> </span>30.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">30.0m </span>Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _19d\"> </span>\u20ac47.5 per MWh <span class=\"_ _d5\"> </span>\u00b1 5 % \u20ac+<span class=\"fsa\"> </span>62.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">62.0m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\">.<span class=\"_ _333\"> </span></span>4.4.2 Impairment testin<span class=\"_ _92\"></span>g of pow<span class=\"_ _92\"></span>er plants Impairment test \u2013 Mellach combined<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>cycle gas turbine po<span class=\"_ _92\"></span>wer plant   <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls1f ws20\">Combined cycle gas turbine power plant <span class=\"_ _92\"></span> </span>(installed electrical capacity: 838 MW) Combined cycle gas turbine power plant  (installed electrical capacity: 838 MW) Indications of impairment Updated electricity and/or gas price forecasts and upd<span class=\"_ _92\"></span>ated discount rate Updated electricity and/or gas price forecasts and updated disc<span class=\"_ _43\"></span>ount rate Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 lsca ws25c\">VERBUND Thermal Power GmbH &amp; Co KG </span>budgets (based m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>inly on  near-market data) VERBUND Thermal Power GmbH &amp; Co KG budgets (based mainly on  near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls32 ws2e\">Optimisation mo<span class=\"_ _92\"></span>del with primary inputs: </span>installed capacity, <span class=\"ls74 ws68\">heat extractio<span class=\"_ _0\"></span>n </span>(maximum 400 MW) and efficiency at full capacity (58.8 %) Optimisation model with primary inputs: installed capacity, heat extraction (maximum 400 MW) and eff<span class=\"_ _92\"></span>iciency at full capacity (58.8 %<span class=\"_ _92\"></span>) Price<span class=\"_ _333\"> </span>1 <span class=\"_ _22c\"> </span><span class=\"fc4 ls34 ws387\">internal price forecasts; temporarily </span>expected revenue<span class=\"_ _92\"></span> from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent, redispatch and market use, including heat <span class=\"_ _92\"></span>extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of operat<span class=\"_ _92\"></span>ing, maintenance and downtime costs by<span class=\"_ _92\"></span> the responsible managers External price forecasts; temporarily expected revenue from the grid reserve, congestion management, redispatch and market use, including heat extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of<span class=\"_ _92\"></span> operating, maintenance and dow<span class=\"_ _92\"></span>ntime costs by the responsible managers Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1c ws1d\">Total capacity averaging around </span>100,000 equivalent operating hour<span class=\"_ _92\"></span>s or  until 2040 (dependent on earlier entry) Total capacity averaging around 100,000 equivalent op<span class=\"_ _92\"></span><span class=\"ls36 ws68\">erating hours or  </span>until 2040 (dependent on earlier entry) Ke<span class=\"_ _0\"></span>y measurement assumptions Discount rate, expected revenue fro<span class=\"_ _92\"></span>m the grid reserve, congestion manageme<span class=\"_ _92\"></span>nt and redispatch, devel<span class=\"_ _0\"></span>opment of clean spark spreads Discount rate, expected revenue from the grid reserve, congestion management and redispatch, development of clean spark spreads After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.25 % <span class=\"_ _1d3\"> </span></span><span class=\"ff2f ls60 ws813\">WACC: 6.25 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac109.9m <span class=\"_ _75\"> </span><span class=\"ff2f fc0 ls18\">\u20ac231.5m </span></span>Reversal of  impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>24.5m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac+<span class=\"fsa ls0\"> </span>126.0m </span>1 An average of the<span class=\"_ _43\"></span> price forecas<span class=\"_ _43\"></span>ts of the infor<span class=\"_ _43\"></span>mation service pr<span class=\"_ _43\"></span>oviders AFRY<span class=\"_ _43\"></span> and IHS was us<span class=\"_ _43\"></span>ed to determin<span class=\"_ _43\"></span>e the fair va<span class=\"_ _43\"></span>lue for r<span class=\"_ _43\"></span><span class=\"ls100 ws2fe\">eporting dates prior to 31 D<span class=\"_ _92\"></span>ecember 2022.  </span>Only the AFRY Cen<span class=\"_ _43\"></span>tral price scenar<span class=\"_ _43\"></span>io was used f<span class=\"_ _43\"></span>or the current rep<span class=\"_ _43\"></span>orting date due to<span class=\"_ _43\"></span> changes in the<span class=\"_ _43\"></span> energy market env<span class=\"_ _43\"></span>ironment. I<span class=\"ls4d ws4f\">f t<span class=\"_ _43\"></span>he prev<span class=\"_ _43\"></span>iously appli<span class=\"_ _43\"></span>e<span class=\"ls0 wsb59\">d average cost method </span></span>had been retained,<span class=\"_ _43\"></span> the recover<span class=\"_ _43\"></span>able amount <span class=\"_ _43\"></span>for the Mella<span class=\"_ _43\"></span>ch combined cyc<span class=\"_ _43\"></span>le gas tur<span class=\"_ _43\"></span>bine power plant<span class=\"_ _43\"></span> cash-generating u<span class=\"_ _43\"></span>nit as at 31 <span class=\"ls16c ws6d7\">December 2022 would have been \u20ac192.<span class=\"_ _92\"></span>6m.  </span>Thus, the reversal of<span class=\"_ _92\"></span> impairment losses would have been around \u20ac38.<span class=\"_ _92\"></span>9m lower. // 2 A reversa<span class=\"_ _43\"></span>l of impairm<span class=\"_ _43\"></span>ent losses<span class=\"_ _43\"></span> loss had a<span class=\"_ _43\"></span>lready bee<span class=\"_ _43\"></span>n recognis<span class=\"_ _43\"></span>ed in the r<span class=\"_ _43\"></span>eporting peri<span class=\"_ _43\"></span>od in the amount of \u20ac56.0m as at 30 June 2022.<span class=\"_ _92\"></span> The reversal of impairment losse<span class=\"_ _92\"></span>s recognised during the year increase<span class=\"_ _92\"></span>d to \u20ac126.0m as a<span class=\"ls42 ws40\">t 31 December 2022.<span class=\"_ _92\"></span> The increase in value in </span>the 2022 reporting p<span class=\"_ _92\"></span>eriod was reduced by the change in deferred<span class=\"_ _92\"></span> g<span class=\"_ _43\"></span>o<span class=\"ls231 wsb42\">vernment grants in the amo<span class=\"_ _92\"></span>unt <span class=\"_ _43\"></span>of \u20ac3.6m (previo<span class=\"_ _92\"></span>us <span class=\"_ _43\"></span>year: \u20ac0.7m<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\">)<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\"><span class=\"ls23a ws0\">.<span class=\"_ _333\"> </span></span></span>Sensitivity analysis fo<span class=\"_ _92\"></span>r the Mellach co<span class=\"lsc4 ws2b2\">mbined cycle gas turbine po<span class=\"_ _92\"></span>wer plant 2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>3.1m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.0m </span>T<span class=\"_ _14\"></span>emporarily expected re<span class=\"_ _92\"></span>venue from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent and redispatch <span class=\"_ _280\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2 <span class=\"_ _117\"> </span><span class=\"ls1a ws1c\">\u00b1 10 % </span>\u20ac+<span class=\"fsa\"> </span>10.3m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">10.4m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 A disclosure of the val<span class=\"_ _92\"></span>ue assigned to the<span class=\"_ _43\"></span> temporarily<span class=\"_ _43\"></span> expected revenu<span class=\"_ _43\"></span>e from con<span class=\"_ _43\"></span>gestion manage<span class=\"_ _43\"></span>ment and redis<span class=\"_ _43\"></span>patch is omitt<span class=\"_ _43\"></span>ed because s<span class=\"_ _43\"></span>uch a disclosu<span class=\"_ _43\"></span>re cou<span class=\"ls12b wsabc\">ld h<span class=\"_ _43\"></span>arm VERBUN<span class=\"_ _43\"></span>D\u2019s positi<span class=\"_ _43\"></span>on in the </span>bidding proces<span class=\"_ _43\"></span>s. Sensitivity analysis f<span class=\"_ _92\"></span>or the Mellach comb<span class=\"ls7f ws23e\">ined cycle gas turbine po<span class=\"_ _92\"></span>wer plant 2021  </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">4.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">1.5m </span>\u20ac+<span class=\"fsa\"> </span>1.5m T<span class=\"_ _14\"></span>emporarily expected re<span class=\"_ _92\"></span>venue from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent and redispatch <span class=\"_ _194\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _f3\"> </span><span class=\"ls1a ws1c\">\u00b1 10 % </span></span>\u20ac+<span class=\"fsa\"> </span>33.9m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">33.9m<span class=\"_ _333\"> </span></span>Impairment testing of the Gr<span class=\"_ _92\"></span>atkorn pow<span class=\"_ _92\"></span>er plant on the Mur River    <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"ff2f ls2b ws1f\">River power plant in the area of the Mur River (50 % owned by VERBUND Hydro </span>Power GmbH (VHP), 50 % owned<span class=\"_ _43\"></span> by Energie Steiermark Green Power GmbH)<span class=\"_ _43\"></span> Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls2b ws1f\">VHP budgets (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls2b ws1f\">The annual output corresponding to th<span class=\"ls59 ws22\">e mean energ<span class=\"_ _43\"></span>y capability of 56 GWh  </span></span>(for 100 % of the power plant) Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Internal price forecasts; discounts for genera<span class=\"ls32 ws5a8\">tion characteristics and the hydrological </span></span>forecast and availability risk; premium fo<span class=\"ls5d ws2d\">r additional proceeds from the sale of </span>guarantees of origin (derived from quoted pric<span class=\"ls1d ws35e\">es); e<span class=\"_ _43\"></span>stimate of the maintenance costs by </span>the managers responsible Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ls1a ws24\">Detailed planning phase: 6 years;  </span>rough planning phase: 32 years foll<span class=\"ls1d ws35e\">owed by a terminal value phase </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.25 %<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac12.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac<span class=\"ff2a\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls17\">10.4m </span>1 The implicit<span class=\"_ _43\"></span> pre-tax int<span class=\"_ _43\"></span>erest ra<span class=\"_ _43\"></span>te determine<span class=\"_ _43\"></span>d through a<span class=\"_ _43\"></span> process of <span class=\"_ _43\"></span>iteration a<span class=\"_ _43\"></span>mounted to 6<span class=\"_ _43\"></span>.43 %. // 2 An impairment loss ha<span class=\"_ _92\"></span>d already been recognised in<span class=\"_ _0\"></span> the reporting pe<span class=\"_ _92\"></span>riod in the amount of \u20ac12.9m a<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> at 30 June 2022. The impai<span class=\"_ _92\"></span>rment recognised during the year decrea<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>ed to \u20ac10.4m as at 31 Decem<span class=\"_ _92\"></span>ber 2022. <span class=\"ls52 ws54\">The impair<span class=\"_ _43\"></span>ment loss as<span class=\"_ _43\"></span> at 31<span class=\"_ _43\"></span> December </span>2022 was reduced<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>by the \u20ac0.7m change i<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>deferred governme<span class=\"_ _92\"></span>nt grants<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Gratk<span class=\"_ _92\"></span>orn <span class=\"lsea ws552\">power plant on the Mur River 31/1/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">0.7m </span>\u20ac+<span class=\"fsa\"> </span>0.7m Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _cb\"> </span><span class=\"ls34 ws32\">\u20ac86.3 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>1.8m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">1.8m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\">.<span class=\"_ _333\"> </span></span>Impairment test Spa<span class=\"_ _0\"></span>nish ren<span class=\"_ _92\"></span>ewables portf<span class=\"_ _92\"></span>olio existing pr<span class=\"_ _92\"></span>ojects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>PV portfolios with a capacity of 82.1 MWp in operation  (Anselma Issuer, S.A. and Topacio Energy, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Tariffs for the next 15\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws1f\">18 years, followed <span class=\"_ _43\"></span>by internal price forecast </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 15 years for th<span class=\"lsca ws30\">e Anselma Issuer, S.A. portfolio and  </span>14 to 17 years for the Topacio Energy, S.L.U. portfolio. Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac393.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>49.7m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The existin<span class=\"_ _43\"></span>g projects can<span class=\"_ _43\"></span> be broken d<span class=\"_ _43\"></span>own into the f<span class=\"_ _43\"></span>ollowing port<span class=\"_ _43\"></span>folios: Ans<span class=\"_ _43\"></span>elma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, <span class=\"_ _43\"></span>Topacio Ener<span class=\"_ _43\"></span>gy, S.L.U. wit<span class=\"_ _43\"></span>h 19 CGUs. <span class=\"_ _43\"></span>// 3 Since the re<span class=\"_ _43\"></span>turn on the Ansel<span class=\"_ _43\"></span>ma Issuer, S.A.<span class=\"_ _43\"></span> and Topaci<span class=\"_ _43\"></span>o Energy, S.L.U<span class=\"_ _43\"></span>. portfol<span class=\"_ _43\"></span>ios is secur<span class=\"_ _43\"></span>ed by tariff for<span class=\"_ _43\"></span> the next 15 to 18 ye<span class=\"_ _92\"></span>ars, followed by a period of merc<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ant marketi<span class=\"_ _92\"></span>ng, two WACCs were used for the valuatio<span class=\"_ _92\"></span>n. The implicit pre-ta<span class=\"ls1d1 ws9ec\">x interest rate determined through a process <span class=\"_ _43\"></span>of </span>iteration amounted to 7.<span class=\"_ _92\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">7.51 %. // </span>4 The impairment as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31 December 2022 comp<span class=\"_ _92\"></span>rises the impairment of 9 CGUs in the Anselma Issuer,<span class=\"_ _92\"></span> <span class=\"ls39 wsb5c\">S.A. portfolio in the<span class=\"_ _92\"></span> amount o<span class=\"ls23e ws0\">f </span></span>\u20ac15.4m and 19 CG<span class=\"_ _92\"></span>Us <span class=\"_ _43\"></span>in the Topacio Ene<span class=\"_ _92\"></span>rgy, S.L.U. portfolio in the amount of<span class=\"_ _92\"></span> \u20ac34.2m.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the existing Span<span class=\"ls129 ws8df\">ish r<span class=\"_ _92\"></span>enewables portf<span class=\"_ _92\"></span>olio projects 31/12/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets 2<span class=\"_ _333\"> </span>Effects on the carrying amounts of assets 3<span class=\"_ _333\"> </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _193\"> </span><span class=\"ls20 ws21\">5.75 %/6.50 % <span class=\"_ _49\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span><span class=\"ls1a ws256\">1.5m  </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">1.5m  </span>\u20ac+<span class=\"fsa\"> </span>4.4m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">4.4m  </span>Electricity price<span class=\"_ _333\"> </span>4 <span class=\"_ _16b\"> </span><span class=\"ls34 ws32\">\u20ac47.5 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span><span class=\"ls1a ws256\">0.9m  </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">0.9m  </span>\u20ac+<span class=\"fsa\"> </span>1.8m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">1.8m  </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 Anselma Issuer, S.A. portfolio //<span class=\"_ _43\"></span> 3 Topacio En<span class=\"_ _43\"></span>ergy, S.L.U. p<span class=\"_ _43\"></span>ortfolio <span class=\"_ _43\"></span>// 4 The electrici<span class=\"_ _92\"></span>ty price shown relates to the year 2030. T<span class=\"_ _92\"></span>he sensitivity analysis va<span class=\"_ _92\"></span>ries the price of electricity ste<span class=\"_ _92\"></span>adily over t<span class=\"ls1b5 ws91d\">ime up to </span>the planning horizon<span class=\"_ _333\"> </span>Impairment test Spanis<span class=\"_ _92\"></span>h renewables p<span class=\"_ _92\"></span>ortfolio deve<span class=\"_ _92\"></span>lopment projects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Wind/PV portfolios with a cap<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>city of 2,129 <span class=\"ls2d ws90d\">MW u<span class=\"_ _92\"></span>nder development (Tejo Solar, S.L.U,  </span>Catalpa Solar, S.L.U. and VERBUN<span class=\"_ _43\"></span>D Green Power Renewable Projects<span class=\"_ _43\"></span>, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f lsca ws30\">Internal price forecast for pr<span class=\"ls0 ws1b\">ojects, premium for addi<span class=\"_ _43\"></span>tional proceeds from the sale of </span></span>guarantees of origin (derived from quoted prices) Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 29 year<span class=\"ls26 ws91b\">s (PV) or 24 years (wind) </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac373.1m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>2.0m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The devel<span class=\"_ _43\"></span>opment projects<span class=\"_ _43\"></span> can be br<span class=\"_ _43\"></span>oken down int<span class=\"_ _43\"></span>o the follow<span class=\"_ _43\"></span>ing portf<span class=\"_ _43\"></span>olios: Tejo Solar, S.L.U. with 18 CGUs, Catalpa Solar, S.L.U. with 5 CGUs and VERBUND Green P<span class=\"_ _43\"></span>ower Renewable Projects, S.L.U. with 3 CGUs. /<span class=\"ls241 ws0\">/ </span>3 The implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest r<span class=\"_ _43\"></span>ate determined through a process of iteration amounted to 8.57 %\u2013 <span class=\"fsc ls234 wsb4a\">8.67 %. // </span>4 The impairment as at 31 Dec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mber 2022 relates to<span class=\"_ _92\"></span> 2 <span class=\"_ _43\"></span>CGUs in the Tejo Sol<span class=\"_ _92\"></span>ar, S.L.U. portfolio.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish re<span class=\"_ _92\"></span>newables portf<span class=\"_ _92\"></span>olio develop<span class=\"_ _92\"></span>ment projects 31/12/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _19a\"> </span><span class=\"ff2f ls34 ws772\">Value assigned<span class=\"_ _0\"></span> </span>to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.50 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>2.6m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.6m </span>Electricity price<span class=\"_ _333\"> </span>3 <span class=\"_ _cb\"> </span><span class=\"ls34 ws32\">\u20ac47.5 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>4.2m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">4.2m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 Tejo Sola<span class=\"_ _92\"></span>r, S.L.U. portfolio //  3 The electrici<span class=\"_ _92\"></span>ty price shown relates to the year 2030.<span class=\"_ _92\"></span> The sensitivity analysis vari<span class=\"_ _92\"></span>es the price of electricit<span class=\"_ _92\"></span>y st<span class=\"_ _43\"></span>eadily over t<span class=\"_ _92\"></span><span class=\"ls243 wsb60\">ime up to t<span class=\"_ _92\"></span>he planni<span class=\"_ _92\"></span>ng horizo<span class=\"_ _92\"></span>n<span class=\"_ _333\"> </span></span><span class=\"ls243 wsb60\">.<span class=\"_ _333\"> </span></span>9.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 ws963\">P<span class=\"_ _14\"></span>ersonnel provisions<span class=\"_ _333\"> </span></span>Exist<span class=\"_ _43\"></span>ing provisions for pensions and similar obligations as we<span class=\"_ _43\"></span>ll as obligations from termination benefits (c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount as at 31 <span class=\"_ _14\"></span>De<span class=\"_ _43\"></span>cember 2022:<span class=\"fc9 ls0 ws0\"> <span class=\"_ _63\"></span></span>\u20ac493.9m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac693.6m) were measured based on assumptions an<span class=\"_ _92\"></span>d estimates as at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. The key factors of in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nce included the discoun<span class=\"_ _92\"></span>t rate<span class=\"_ _92\"></span>, the estimated r<span class=\"_ _92\"></span>etirement a<span class=\"_ _92\"></span>ge and the estimat<span class=\"_ _92\"></span>ed life expectancy as well as future incr<span class=\"_ _92\"></span>eases in salaries and pension be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span>:  Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span>T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span>(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2022 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2.38 % <span class=\"_ _6c\"> </span>2.49 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>5.17 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.76 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">4.81 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.79 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2022 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.18 % <span class=\"_ _6c\"> </span>3.35 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>6.81 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.18 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.71 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.56 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2022 <span class=\"_ _1cc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.75 % <span class=\"_ _6c\"> </span>1.80 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.48 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.00 % <span class=\"_ _6a\"> </span>0.00 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2021 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.10 % <span class=\"_ _6c\"> </span>3.27 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>6.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.01 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.54 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2021 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.94 % <span class=\"_ _6c\"> </span>4.20 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>8.35 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>7.46 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">7.00 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.66 %<span class=\"_ _333\"> </span></span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2021 Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.91 % <span class=\"_ _6c\"> </span>1.97 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.87 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.68 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.03 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>0.04 %<span class=\"_ _333\"> </span></span></span><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls14f ws51a gs1076\">Dismantling an<span class=\"_ _43\"></span>d decomm<span class=\"lscf ws2f4\">issioning obligations </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d wsbb1 gs1077\">Provisions are r<span class=\"_ _92\"></span>ecog<span class=\"_ _43\"></span>nised at the dis<span class=\"_ _43\"></span>counted settleme<span class=\"_ _43\"></span>nt amounts for obligations resulting from the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws1fb gs1078\">dismantlin<span class=\"_ _92\"></span>g or decommissioning of power<span class=\"_ _92\"></span> plants in the r<span class=\"_ _92\"></span>eporting period in which they ar<span class=\"_ _92\"></span>e incurred; <span class=\"_ _80\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 wsa93 gs1079\">at the sam<span class=\"_ _92\"></span>e time, the carrying amoun<span class=\"_ _92\"></span>ts for the power pl<span class=\"_ _92\"></span>ants are incr<span class=\"_ _92\"></span>eased as a general rule (see<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws562 gs107a\">section 4.2 Pr<span class=\"_ _92\"></span>operty, plant and equipmen<span class=\"_ _92\"></span>t). In subsequent periods<span class=\"_ _92\"></span>, the capitalised cos<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s for disman<span class=\"_ _92\"></span>tling </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws156 gs107b\">or decommissioni<span class=\"_ _92\"></span>ng are depreciated o<span class=\"_ _92\"></span>ver the (remainin<span class=\"_ _92\"></span>g) useful life of the plants; inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st is accrued </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws186 gs107c\">annually.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws137 gs107d\">The pro<span class=\"_ _92\"></span>visions are measur<span class=\"_ _92\"></span>ed at the reportin<span class=\"_ _92\"></span>g date on the basis of ass<span class=\"_ _92\"></span>umptions and estimates<span class=\"_ _92\"></span>. The key </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws7e8 gs107e\">factors of influen<span class=\"_ _92\"></span>ce were the expected disma<span class=\"_ _92\"></span>ntling dates, an<span class=\"_ _92\"></span>y possible expert reports t<span class=\"_ _92\"></span>o ascertain the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws808 gs107f\">dismantlin<span class=\"_ _92\"></span>g and decontamination costs o<span class=\"_ _92\"></span>r proceeds from the sal<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> of scrap<span class=\"_ _14\"></span>, the valorisation of these </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws184 gs1080\">costs and the discount ra<span class=\"_ _92\"></span>te of 2.00 %\u2013</div><div class=\"t m0 h7 ff28 fs9 fc0 sc0 ls0 ws0 gs1081\"> <span class=\"fs2 ws2ac\">8.23 % (previous year: 0.25 %\u2013</span> <span class=\"fs2 ls82 ws249\">5.43 %)<span class=\"_ _333\"> </span></span><span class=\"fs2 ls82 ws249\">.<span class=\"_ _333\"> </span></span><span class=\"fs2 ls82 ws249\"> </span><span class=\"fs2 ls82 ws249\"> </span></div>Contingen<span class=\"_ _92\"></span>t liabilities not recogn<span class=\"_ _92\"></span>ised in VERBUND\u2019<span class=\"_ _14\"></span>s balance sheet are as<span class=\"_ _92\"></span>sessed quarterly with respect to<span class=\"_ _92\"></span> their prob<span class=\"_ _92\"></span>ability of occurrence<span class=\"_ _92\"></span>. The assessmen<span class=\"_ _92\"></span>t is carried out by the m<span class=\"_ _92\"></span>anagers r<span class=\"_ _0\"></span>esponsible<span class=\"_ _92\"></span>, taking account of m<span class=\"_ _92\"></span>arket-related inp<span class=\"_ _92\"></span>uts (to the extent pos<span class=\"_ _92\"></span>sible) and expert opinions (in individual cases).<span class=\"_ _333\"> </span>The following list of Group<span class=\"_ _92\"></span> compan<span class=\"ls64 ws3fb\">ies prepared in accor<span class=\"_ _92\"></span>dance with <span class=\"ls96 ws631\">Section 245a(1) in conjunction with </span></span>Section 265(2) <span class=\"_ _2fe\"> </span>Austrian <span class=\"_ _83\"> </span>Commercial<span class=\"ls26 ws19d\"> Code (UGB) comprises VERBUND\u2019<span class=\"_ _14\"></span><span class=\"lsa2 ws76e\">s subsidiaries<span class=\"_ _92\"></span>, joint ventures </span></span>and associates<span class=\"_ _92\"></span>. In addition, this list also in<span class=\"_ _92\"></span>cludes unconsolidated subsidiaries and other jo<span class=\"_ _92\"></span>int venture<span class=\"_ _92\"></span>s and equity inter<span class=\"_ _92\"></span>ests of VERBUND not accounted for<span class=\"_ _92\"></span> using the equity method with an inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st of \u2265 20<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND AG  (VH) \u2013 Hydro <span class=\"_ _50\"> </span><span class=\"fc4 ls1ab ws0\">Wien <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _4f\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span></span></span></span>Innwerk AG  (VHP<span class=\"_ _14\"></span>-IW) Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>VERBUND Hydro Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VHP) <span class=\"_ _58\"> </span><span class=\"fc4 ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">80.54 % <span class=\"_ _1e\"> </span></span></span></span></span><span class=\"ls62\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.54 % </span></span></span></span>VERBUND Innkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _1d4\"> </span><span class=\"fc4 ls37\">T\u00f6ging <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span></span></span><span class=\"ws36\">70.27 % <span class=\"_ _218\"> </span></span><span class=\"fc0\">T\u00f6ging <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span></span></span><span class=\"ws36\">70.27 % </span></span></span>Donaukraftwerk Jochenstein Aktiengese<span class=\"_ _43\"></span>llschaft Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Grenzkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _16e\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % \u00d6sterreichisch-<span class=\"_ _333\"> </span>Bay<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rische Kraftwerk<span class=\"_ _92\"></span>e Aktiengese<span class=\"_ _43\"></span>llschaft <span class=\"_ _216\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % Ennskraftwerke Aktiengese<span class=\"_ _43\"></span>llschaft Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _94\"> </span></span></span></span><span class=\"fc0\">Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH &amp; Co KG <span class=\"_ _bd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH <span class=\"_ _7\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Ashta Beteiligungs-<span class=\"_ _333\"> </span>verwaltung GmbH  (VHP<span class=\"_ _92\"></span>-AL<span class=\"_ _14\"></span>-HII) Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">50.01 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">50.01 % </span></span>Energji Ashta Shpk  <span class=\"_ _187\"> </span><span class=\"fc4 ls1d ws0\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span><span class=\"fc0 ls1d\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lestin T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen Gesellschaft m.b.H. (LESTIN) <span class=\"_ _179\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _1e\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity Lestin &amp; Co. T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen GmbH  in liquidation Passau <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _187\"> </span><span class=\"lscc\">LESTIN <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _59\"> </span>\u2013 <span class=\"_ _b8\"> </span>\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span>Murkraftwerk Graz Errichtungs- und BetriebsgmbH <span class=\"_ _59\"> </span><span class=\"fc4 ls2f\">Gra<span class=\"_ _43\"></span>z <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span>VHP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.10 % <span class=\"_ _185\"> </span></span><span class=\"fc0\">Graz <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span></span>VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">25.10 % </span></span></span>VERBUND T<span class=\"_ _14\"></span>ourismus GmbH <span class=\"_ _94\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % <span class=\"_ _218\"> </span><span class=\"fc0 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % Manara HPP Operation Ltd. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _219\"> </span><span class=\"fc0 ls59\">Tel-Aviv <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">80.00 %<span class=\"_ _333\"> </span></span></span></span></span>Seg<span class=\"_ _43\"></span>men<span class=\"_ _43\"></span>t: N<span class=\"_ _43\"></span>ew renewab<span class=\"_ _43\"></span>le<span class=\"_ _43\"></span>s <span class=\"_ _302\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _c2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1cb\"> </span><span class=\"fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND Wind P<span class=\"_ _92\"></span>ower A<span class=\"_ _92\"></span>ustria GmbH (VRP<span class=\"_ _92\"></span>-A<span class=\"_ _92\"></span>T) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland GmbH (VGP<span class=\"_ _92\"></span>-DE) W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VGP) <span class=\"_ _18e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _b\"> </span></span></span></span></span><span class=\"ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> I<span class=\"_ _63\"></span>b<span class=\"_ _63\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>a<span class=\"_ _43\"></span>,<span class=\"_ _63\"></span> S.L.U. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Wind P<span class=\"_ _92\"></span>ower Romania SRL Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Windpark Dichtelbach GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></span>Infrastruktur Oberheimbach I GmbH &amp; Co. KG W\u00f6rr- stadt CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>W\u00f6rr- stadt CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>Infrastrukturgesell- schaft Bischheim GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">65.29 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.60 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland Photovoltaik GmbH Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W<span class=\"_ _92\"></span>att Development SPV 5 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL1) Pinos Puente CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 6 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL2) Pinos Puente <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _17f\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 7 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL3) <span class=\"_ _10d\"> </span><span class=\"fc4\">Valencia <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span></span></span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>nfraestructuras de Illora S.L. Barce-<span class=\"_ _333\"> </span>lona <span class=\"_ _8\"> </span>UC VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % <span class=\"_ _16\"> </span><span class=\"fc0 ls60 ws0\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % SOLA<span class=\"_ _92\"></span>VOL<span class=\"_ _14\"></span>T<span class=\"_ _92\"></span>A Energie- und Umwelttechnik GmbH Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ay<span class=\"_ _92\"></span>amonte S.L. <span class=\"_ _55\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _162\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _1d4\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _d4\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Lusitania Renovables S.L. <span class=\"_ _127\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Anselma Issuer<span class=\"_ _14\"></span>, S.A. (VGP<span class=\"_ _92\"></span>-IB-ANI) <span class=\"_ _69\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>opacio Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Catalpa Solar<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-CAS) <span class=\"_ _f1\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _92\"></span>, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _14\"></span>TES) <span class=\"_ _ba\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green P<span class=\"_ _92\"></span>ower<span class=\"_ _43\"></span> Ren<span class=\"_ _43\"></span>ewab<span class=\"_ _43\"></span>le Projects, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-GRP) <span class=\"_ _f1\"> </span><span class=\"fc4\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Sica Desarrollos Cuerva, S.L.U. <span class=\"_ _54\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ws0\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Los Navalmorales, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Albarreal, S.L.U. <span class=\"_ _16a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos T<span class=\"_ _14\"></span>otan\u00e9s, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SDC) <span class=\"_ _154\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span></span>CS VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span>\u00e9<span class=\"_ _81\"></span>s<span class=\"_ _63\"></span> Infraestructuras Comunes, S.L. <span class=\"_ _18d\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>SDC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">38.89 %<span class=\"_ _333\"> </span></span>Murcia Solar P<span class=\"_ _92\"></span>ark GmbH  (VGP<span class=\"_ _92\"></span>-IB-MUR) <span class=\"_ _123\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls1a\">Berlin <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baluma Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baviera Energy<span class=\"_ _80\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Blacky Energy<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-BLA) <span class=\"_ _e3\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Bolardo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Boyante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Braganza Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cairo Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Camareta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Carmesi Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cenida Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Comunidad de Bienes del Huerto Solar del Hinojar<span class=\"_ _14\"></span>, C.B. <span class=\"_ _2d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls2c\">Lorca <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>SVL <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">92.72 % </span>Cornamusa Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cruceta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cyopsa El Molino Energia Eolica, S.A.U. <span class=\"_ _1d8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>BLA <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Musas, S.L.U. <span class=\"_ _24c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _1f\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Ofion, S.L.U. (VGP<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>IB-ERO) <span class=\"_ _25\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Faballones Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Feanor Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Galadrien Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>Helice Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Imai Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _11b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Koe Ene<span class=\"_ _92\"></span>rgy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _66\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lima Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Miriel Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _4a\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Mosqueton Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Nairobi Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Natera Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Obenque Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orion Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _a5\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orla Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _3c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>anol Solar<span class=\"_ _92\"></span>, S.L. <span class=\"_ _127\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">51.00 % </span>P<span class=\"_ _92\"></span>enalara Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>erdiguero Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>eregrino Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>osets Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Radar Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Reclamo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rehala Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rotor Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sentina Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sextante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stopper Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stein V<span class=\"_ _92\"></span>on Liebig Balears I, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SVL) <span class=\"_ _128\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>MUR <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>T<span class=\"_ _333\"> </span><span class=\"_ _14\"></span>rufa Energy<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower V<span class=\"_ _14\"></span>alderrama,<span class=\"_ _333\"> </span> S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>AL) <span class=\"_ _112\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>V<span class=\"_ _92\"></span>olateo Solar<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zelanda Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zuncho Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower Albania<span class=\"_ _333\"> </span> Sh.p.k. <span class=\"_ _303\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16d\"> </span><span class=\"ls1d\">Tirana <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31\"><span class=\"ls1d\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>PV Invest Project 3<span class=\"_ _333\"> </span> S.R.L.  <span class=\"_ _2c0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _183\"> </span><span class=\"ls33\">Sternatia <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31 ws0\"><span class=\"ls33\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head-<span class=\"_ _333\"> </span></span><span class=\"ff2f fc4 ls1d\"> </span>quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> Head-<span class=\"_ _333\"> </span> quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> VERBUND AG<span class=\"_ _333\"> </span> (VH)\u2013  Sales activities <span class=\"_ _68\"> </span><span class=\"fc4 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ws0\"><span class=\"lscc\"><span class=\"ls31\"> </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc\"><span class=\"ls31\"> </span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> Germany GmbH <span class=\"_ _190\"> </span><span class=\"fc4 ls59 ws0\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls59 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> GmbH (VEB) <span class=\"_ _5b\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Customer<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span> GmbH (VEC) <span class=\"_ _59\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _177\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Flex G<span class=\"_ _92\"></span>mbH <span class=\"_ _17\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Future<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _46\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">74.90 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls37 ws36\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS EnBW<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls62\"><span class=\"ls2f\"> </span></span>SMA-<span class=\"_ _333\"> </span>TRICS <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span><span class=\"ls2f\"> </span>SMATRIC<span class=\"_ _333\"> </span>S GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>VERBUND T<span class=\"_ _14\"></span>rading<span class=\"_ _333\"> </span> Romania S.R.L.  in liquidation<span class=\"_ _333\"> </span> Bucha-<span class=\"_ _333\"> </span> rest <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span><span class=\"ls0\"> </span>VEB<span class=\"_ _333\"> </span> VH<span class=\"_ _333\"> </span> 99.00 %<span class=\"_ _333\"> </span> 1.00 %<span class=\"_ _333\"> </span> \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _14\"></span>rading Serbia d.o.o. -  u likvidaciji/ in liquidation Belgrade <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 E-Mobility Provider Austria GmbH<span class=\"_ _92\"></span> Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">74.90 % </span></span></span>smart Energy Services GmbH <span class=\"_ _1cd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span></span>Segment: Grid <span class=\"_ _305\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Austrian P<span class=\"_ _14\"></span>ower Grid AG (APG) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Gas Connect Austria GmbH (GC<span class=\"_ _92\"></span>A) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Austrian Gas Grid Management AG (AGGM<span class=\"_ _92\"></span>) <span class=\"_ _17d\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG) <span class=\"_ _126\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">15.53 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">15.53 % </span></span></span></span></span>AGCS Gas Clearing and Settlement A<span class=\"_ _92\"></span>G Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _1e8\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">23.13 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">23.13 % </span></span></span></span>ASGM Austrian Strategic Gas Storage Manage- ment GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _a8\"> </span><span class=\"ls31\">AGGM <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>OeMAG Abwicklungsstelle f\u00fcr \u00d6kostrom AG <span class=\"_ _190\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">24.40 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">24.40 % </span></span></span></span></span>VUM V<span class=\"_ _92\"></span>erfahren Umwelt Manage- ment GmbH Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Equigy B.<span class=\"_ _14\"></span>V<span class=\"_ _14\"></span>. Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">20.00 % </span></span></span>Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">20.00 %<span class=\"_ _333\"> </span></span></span></span>All other segments:<span class=\"_ _92\"></span> Thermal gener<span class=\"_ _92\"></span>ation <span class=\"_ _306\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH &amp; Co KG Neudorf ob Wildon CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2 <span class=\"_ _187\"> </span><span class=\"fc0 ls36\">Fernitz-<span class=\"_ _333\"> </span></span>Mellach CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH (VTP GmbH) Neudorf ob Wildon <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Fernitz-<span class=\"_ _333\"> </span>Mellach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>All other segments:<span class=\"_ _92\"></span> Services <span class=\"_ _307\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND Services GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>All other segments: Equity <span class=\"_ _92\"></span>interests <span class=\"_ _290\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company <span class=\"_ _60\"> </span><span class=\"ff2f fs8 fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 Equity interests<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>KELAG-K\u00e4rntner<span class=\"_ _92\"></span> Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktiengese<span class=\"_ _43\"></span>llschaft Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">35.17 % </span>Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">35.17 % </span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH &amp;  Co. KG Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 % </span></span></span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH <span class=\"_ _2c\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 %<span class=\"_ _333\"> </span></span></span></span></span>Other Group c<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>mpanies <span class=\"_ _308\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 All other activities<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>VERBUND Finanzierungs- service GmbH <span class=\"_ _5a\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND V<span class=\"_ _92\"></span>entures GmbH (VVE) \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>HalloSonne GmbH (HAS) <span class=\"_ _7a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span></span>VVE <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>HalloSonne PV Finanzierungs-<span class=\"_ _333\"> </span>Holding GmbH (HAF) <span class=\"_ _13a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _a8\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls106\">HAS <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>HalloSonne 1. PV V<span class=\"_ _92\"></span>ermietungs-<span class=\"_ _333\"> </span>GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls61\">HAF <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>CS = Conso<span class=\"_ _92\"></span>lidated subsidia<span class=\"_ _92\"></span>ry / EM = Investee<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>accounte<span class=\"_ _92\"></span>d for using <span class=\"ls54 ws56\">the equity method / JO = Jo<span class=\"_ _43\"></span>int operation, proportionate <span class=\"_ _43\"></span>inclus<span class=\"ls4d ws4f\">ion <span class=\"_ _43\"></span>of assets an<span class=\"_ _43\"></span>d liabiliti<span class=\"_ _43\"></span>es as well<span class=\"_ _43\"></span> as income<span class=\"_ _43\"></span> </span></span>and expenses / UC<span class=\"_ _43\"></span> = Unconsoli<span class=\"_ _43\"></span>dated entities du<span class=\"_ _43\"></span>e to immater<span class=\"_ _43\"></span>iality or lack <span class=\"_ _43\"></span>of significant in<span class=\"_ _43\"></span>fluence 1 joint ventu<span class=\"_ _43\"></span>res // 2 VERBUND Thermal Powe<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>GmbH holds an inte<span class=\"_ _92\"></span>rest of &lt; 0.01 % as a limited partner of VERBUND T<span class=\"_ _92\"></span>her<span class=\"_ _43\"></span>mal Power Gmb<span class=\"_ _92\"></span>H &amp; <span class=\"_ _43\"></span>Co KG<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-19": {
   "value": "2.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba ws962\">Discretionary judgements and ke<span class=\"_ _92\"></span>y assumptions  </span>concerning the future Prepar<span class=\"_ _92\"></span>ers of financial sta<span class=\"_ _92\"></span>tements are gr<span class=\"_ _92\"></span>anted various options in<span class=\"_ _92\"></span> connection with the applicatio<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>of IFRSs. F<span class=\"_ _92\"></span>or this r<span class=\"_ _92\"></span>eason, the mana<span class=\"_ _92\"></span>gement must m<span class=\"_ _92\"></span>ake <span class=\"ls67 ws707\">discretionary decisions as well as es<span class=\"_ _92\"></span>timates and </span>assumption<span class=\"_ _92\"></span>s regarding fut<span class=\"_ _92\"></span>ure developments tha<span class=\"_ _92\"></span>t can have a s<span class=\"_ _92\"></span>ignificant influence on<span class=\"_ _92\"></span> amounts shown in these consolidat<span class=\"_ _92\"></span>ed financial statements<span class=\"_ _92\"></span>. The amount<span class=\"_ _92\"></span><span class=\"ls78 ws18a\">s actually realised can differ from the amoun<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> </span>recognised based on the decisions an<span class=\"_ _92\"></span>d assumptions that wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> made<span class=\"_ _92\"></span>. Estimates and the underl<span class=\"_ _92\"></span>ying assumptions ar<span class=\"_ _92\"></span>e regularly reviewed and adj<span class=\"_ _92\"></span>usted if necessary<span class=\"_ _43\"></span>. The following discr<span class=\"_ _92\"></span>etionary decisions and assump<span class=\"lsc5 wsb01\">tions regarding the future have a significant </span>influence on the fin<span class=\"_ _92\"></span>ancial statements: Dis<span class=\"_ _43\"></span>cre<span class=\"_ _43\"></span>tio<span class=\"_ _43\"></span>nar<span class=\"_ _43\"></span>y d<span class=\"_ _43\"></span>eci<span class=\"_ _43\"></span>sio<span class=\"_ _43\"></span>ns<span class=\"_ _43\"></span> an<span class=\"_ _43\"></span>d as<span class=\"_ _43\"></span>sum<span class=\"_ _43\"></span>pti<span class=\"_ _43\"></span>on<span class=\"_ _43\"></span>s reg<span class=\"_ _43\"></span>ard<span class=\"_ _43\"></span>ing<span class=\"_ _43\"></span> th<span class=\"_ _43\"></span>e fu<span class=\"_ _43\"></span>tu<span class=\"_ _43\"></span>re <span class=\"_ _211\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Assessment of th<span class=\"_ _92\"></span>e terms of leases <span class=\"_ _212\"> </span><span class=\"ls1a ws1c\">Section 4.3 </span>Determination of the discount<span class=\"ls36 ws35\"> rate for impairment testing <span class=\"_ _213\"> </span>Section 4.4 </span>Determination of the e<span class=\"_ _92\"></span>xpected cash flows for impairment <span class=\"_ _92\"></span>testing of goodwill <span class=\"_ _148\"> </span><span class=\"ls1a ws1c\">Section 4.4.1 </span>Determination of the e<span class=\"_ _92\"></span>xpected cash flows for impairment <span class=\"_ _92\"></span>testing of power plan<span class=\"_ _92\"></span>ts <span class=\"_ _214\"> </span><span class=\"ls1a ws1c\">Section 4.4.2 </span>Determination of the discount rate for the m<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>asurement of pensions and <span class=\"_ _92\"></span> similar obligations as well as <span class=\"ls59 ws5a\">statutory termination benefits </span>Section 9.2 Determination of measurement par<span class=\"_ _92\"></span>ameters for other provisions <span class=\"_ _13c\"> </span><span class=\"ls1a ws1c\">Section 9.3 </span>Determination of the likelihood<span class=\"ls60 ws61\"> of contingent liabilities <span class=\"_ _c0\"> </span><span class=\"ls1a ws1c\">Section 13.1 </span></span>Evaluation of whether o<span class=\"_ _92\"></span>ther entities are co<span class=\"ls0 ws0\">ntrolled or jointly managed by VERBUND or  </span>whether VERBUND can e<span class=\"_ _92\"></span>xert a significant influence on ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her entity and/or <span class=\"_ _92\"></span> whether an entity represents a joint operation of VERBUND Section 13.4<span class=\"_ _333\"> </span> Determin<span class=\"_ _43\"></span>ation of the term of lease<span class=\"_ _43\"></span>s Determining the t<span class=\"_ _92\"></span>erm of a lease when a clear fixed term has no<span class=\"_ _92\"></span>t been agreed in advance can be fr<span class=\"_ _92\"></span>aught with measur<span class=\"_ _92\"></span>ement uncertainties<span class=\"_ _92\"></span>. All facts and circumstances <span class=\"_ _92\"></span>that repr<span class=\"_ _92\"></span>esent an economic incen<span class=\"_ _92\"></span>tive for the exercise of a renewal option and/or th<span class=\"_ _43\"></span>e non-exercise of a termination opt<span class=\"_ _43\"></span>ion are taken into account when determining the t<span class=\"_ _92\"></span>erm. For land<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>leases in particular<span class=\"_ _14\"></span>, cont<span class=\"_ _92\"></span>racts are freque<span class=\"_ _92\"></span>ntly concluded for as long as the leased power<span class=\"_ _92\"></span> plant or line is expected to contin<span class=\"_ _92\"></span>ue to function at its presen<span class=\"_ _92\"></span>t level or in the form of an indefinite lease<span class=\"_ _92\"></span>. In these cases, the pr<span class=\"_ _92\"></span>esumed dura<span class=\"ls76 ws7e\">tion<span class=\"_ _92\"></span> of the lease is oriented on the expect<span class=\"_ _92\"></span>ed useful </span>life of the po<span class=\"_ _92\"></span>wer plant or line<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span>Determination<span class=\"_ _92\"></span> of the discount ra<span class=\"_ _92\"></span>te The discount r<span class=\"_ _92\"></span>ate is an after-tax int<span class=\"_ _92\"></span>erest rate <span class=\"_ _92\"></span>that reflects cu<span class=\"_ _92\"></span>rrent mark<span class=\"_ _92\"></span>et estimates<span class=\"_ _92\"></span>, the time value of<span class=\"_ _92\"></span> money and the specific risks associa<span class=\"_ _92\"></span>ted with the asset (<span class=\"_ _92\"></span>or cash-generating unit<span class=\"_ _92\"></span>). The correspondin<span class=\"_ _92\"></span>g pre-<span class=\"_ _333\"> </span>tax inter<span class=\"_ _92\"></span>est rate is determined iter<span class=\"_ _92\"></span>atively.  The weighted a<span class=\"_ _92\"></span>verage c<span class=\"_ _92\"></span>apital costs (W<span class=\"_ _14\"></span>ACC) are applied to determi<span class=\"_ _92\"></span>ne recovera<span class=\"_ _92\"></span>ble amounts using net presen<span class=\"_ _92\"></span>t value methods. T<span class=\"_ _92\"></span>he weighting of the r<span class=\"_ _92\"></span>eturn on equity and the cost of de<span class=\"_ _92\"></span>bt was derived from an adequate peer gr<span class=\"_ _92\"></span>oup. T<span class=\"_ _92\"></span>he return on<span class=\"_ _92\"></span> equity is dete<span class=\"ls76 ws47d\">rmined from a refer<span class=\"_ _92\"></span>ence rat<span class=\"_ _92\"></span>e, market risk<span class=\"_ _92\"></span> premium </span>and beta factor using <span class=\"_ _92\"></span>the capital asset pricing model (CAPM). The co<span class=\"_ _92\"></span>st of debt before tax corr<span class=\"_ _92\"></span>esponds to the ret<span class=\"_ _92\"></span>urn on debt instruments tr<span class=\"_ _92\"></span>aded on the market <span class=\"ls75 wsa9d\">with a<span class=\"_ _92\"></span>n equivalent risk of default and matc<span class=\"_ _92\"></span>hing<span class=\"_ _43\"></span> </span>maturities<span class=\"_ _92\"></span>. Correspondin<span class=\"_ _92\"></span>g premiums are take<span class=\"_ _92\"></span>n into account in or<span class=\"_ _92\"></span>der to adequately depict coun<span class=\"_ _92\"></span>tr<span class=\"_ _43\"></span>y risks. In view of the v<span class=\"_ _92\"></span>olatile financial mar<span class=\"_ _92\"></span>ket environm<span class=\"_ _92\"></span>ent, the developmen<span class=\"_ _92\"></span>t of capital costs (and in particular country risk premiums) is un<span class=\"ls38 ws1a0\">der contin<span class=\"_ _92\"></span>uous<span class=\"_ _43\"></span> obser<span class=\"_ _43\"></span>vation<span class=\"_ _333\"> </span></span>4.4.1 Impairment testin<span class=\"_ _92\"></span>g of goodwill<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Hy<span class=\"_ _92\"></span>dro segment <span class=\"_ _f6\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls21 ws22\">Average <span class=\"_ _92\"></span>expected generation of the </span>respective power plant<span class=\"_ _92\"></span>s Average expected generation of the respective power plants Price <span class=\"_ _209\"> </span><span class=\"fc4 ls1e ws63\">Internal price fore<span class=\"_ _92\"></span>casts and power  </span>plant-specific premiums or discounts  (for example, the <span class=\"_ _92\"></span>sale of guarantees of origin) Internal price forecasts and power  plant-specific premiums or discounts  (for example, the sale of guarantees of origin) Planning period<span class=\"_ _333\"> </span>1 <span class=\"_ _39\"> </span><span class=\"fc4 ls1c ws1d\">Detailed planning phase: up <span class=\"_ _92\"></span>to a maximum </span>of 6 years depending on the specific  power plant; rough plannin<span class=\"_ _92\"></span>g phase: up to  a maximum of 23 years depending on the specific power plant; <span class=\"ls149 wsb44\">subsequent termina<span class=\"_ _43\"></span>l </span>value phase following<span class=\"ls62 ws64\"> rough planni<span class=\"_ _92\"></span>ng  </span>phase depending on the s<span class=\"_ _92\"></span>pecific  power plant Detailed planning phase: up to a maximum of 6 years depending on the sp<span class=\"_ _92\"></span>ecific power plant; rough planning phase: up to a maximum of 32 years depending on the specific power plant; subsequent terminal value phase following rough planning phase depending on the specific  power plant Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4\">WACC: 4.00 % to 8.50 %  </span>depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>WACC: 5.75 % to 12.50 %  depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The planning peri<span class=\"_ _92\"></span>od was extended to 2060 due to the avai<span class=\"_ _92\"></span>lability of price curves.<span class=\"_ _92\"></span> // 2 The iterativel<span class=\"_ _43\"></span>y calcula<span class=\"_ _43\"></span>ted implicit pre-tax<span class=\"_ _43\"></span> interest r<span class=\"_ _43\"></span>ate was 6.43 %\u2013<span class=\"fsa ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls16c ws6d7\">13.79 % (previ<span class=\"_ _92\"></span>ous year: </span>4.82 %\u2013 <span class=\"fsc ls42 ws40\">9.37 %). //<span class=\"_ _92\"></span> </span>3 Management <span class=\"_ _43\"></span>believes th<span class=\"_ _43\"></span>e carrying a<span class=\"_ _43\"></span>mount of the<span class=\"_ _43\"></span> Hydro se<span class=\"_ _43\"></span>gment\u2019s assets<span class=\"_ _43\"></span> includin<span class=\"_ _43\"></span>g goodwill <span class=\"_ _43\"></span>will not exce<span class=\"_ _43\"></span>ed the r<span class=\"_ _43\"></span>ecoverable a<span class=\"_ _43\"></span>moun<span class=\"ls137 wsb46\">t as a r<span class=\"_ _43\"></span>esult of p<span class=\"_ _43\"></span>otential </span>changes in the key measurement assumptions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Sal<span class=\"_ _92\"></span>es segment <span class=\"_ _cf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All of VERBUND\u2019s sales activities  plus goodwill All of VERBUND\u2019s sales activities  plus goodwill Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls33 ws30\">Expected tr<span class=\"_ _92\"></span>ading and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Price <span class=\"_ _209\"> </span><span class=\"fc4 ls33 ws30\">Expected tradin<span class=\"_ _92\"></span>g and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1e ws1f\">Detailed planning phase of 6 years  </span>followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase of 6 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Expected trading and dis<span class=\"_ _92\"></span>tribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins Expected trading and distribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls59 ws5a\">WACC after taxes (4.00 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls5b ws5c\">4.25 %)<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _fd\"> </span><span class=\"ff2f fc0 ls33 ws91c\">WACC after taxes (5.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1aa wsb48\">6.25 %)<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 8<span class=\"_ _43\"></span>.46 % (previou<span class=\"_ _43\"></span>s year: 5<span class=\"_ _43\"></span>.60 %). // 2 Management bel<span class=\"_ _43\"></span>ieves the carryin<span class=\"_ _43\"></span>g amount of<span class=\"_ _43\"></span> the Sales segmen<span class=\"_ _43\"></span>t\u2019s assets including g<span class=\"_ _43\"></span>oodwill will n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recovera<span class=\"_ _43\"></span>ble amoun<span class=\"_ _43\"></span>t as a result<span class=\"_ _43\"></span> of potent<span class=\"_ _43\"></span>ial changes <span class=\"_ _43\"></span>in the key m<span class=\"_ _43\"></span>easuremen<span class=\"_ _43\"></span>t assumpti<span class=\"_ _43\"></span>ons<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for t<span class=\"_ _92\"></span>he Inn River pow<span class=\"_ _92\"></span>er plant group<span class=\"_ _92\"></span> <span class=\"_ _37\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that f<span class=\"_ _43\"></span>urther<span class=\"_ _43\"></span>more  each represent a <span class=\"_ _0\"></span>cash-generating u<span class=\"_ _0\"></span>nit,  plus goodwill and de<span class=\"ls61 ws62\">ferred tax accruals </span>Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that furthermore  each represent a cash-generating unit,  plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls60 ws61\">VERBUND Innkraftwerke GmbH budgets  </span>(based mainly on near-marke<span class=\"_ _92\"></span>t data) VERBUND Innkraftwerke GmbH budgets  (based mainly on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls46 ws45\">Annual output correspondin<span class=\"_ _92\"></span>g to the  </span>mean energy capability of 1,855 or 1,994 GWh (after conclusion of the T\u00f6ging modernisation proj<span class=\"_ _92\"></span>ect) Annual output corresponding to the  mean energy capability of 1,994 GWh  (after conclusion of the T\u00f6ging modernisation project) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration of the  water charges based on<span class=\"lsca ws25c\"> official notices; </span>estimate of the m<span class=\"_ _92\"></span>aintenance costs by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the  water charges based on offi<span class=\"_ _92\"></span>cial notices; estimate of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>2 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.00 %<span class=\"_ _333\"> </span></span>3 <span class=\"_ _288\"> </span><span class=\"ff2f fc0 ls46 ws2b\">WACC: 5.75 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The Inn River p<span class=\"_ _43\"></span>ower plant g<span class=\"_ _43\"></span>roup comprises<span class=\"_ _43\"></span> the followin<span class=\"_ _43\"></span>g run-of-river<span class=\"_ _43\"></span> power pla<span class=\"_ _43\"></span>nts: Aubach, Fe<span class=\"_ _43\"></span>ldkirchen, <span class=\"_ _43\"></span>Gars, Jettenbach<span class=\"_ _43\"></span> II, N<span class=\"ws9ee\">eu\u00f6ttin<span class=\"_ _43\"></span>g, Perach, Rosenh<span class=\"_ _43\"></span>eim, Stammh<span class=\"_ _43\"></span>am, </span>Teufelsbruc<span class=\"_ _43\"></span>k, T\u00f6ging, W<span class=\"_ _43\"></span>asserbur<span class=\"_ _43\"></span>g. // 2 The planning period wa<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>extended to 2060 due<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>o the availabili<span class=\"_ _92\"></span>ty <span class=\"_ _43\"></span>of price curves. //<span class=\"_ _92\"></span> 3 The iterat<span class=\"_ _43\"></span>ively calcu<span class=\"_ _43\"></span>lated implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest rate<span class=\"_ _43\"></span> was 7.71 % (previ<span class=\"_ _92\"></span>ous year: 4.82 %). // 4 Management believes the carrying amount of the Inn River power plant group\u2019s asse<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> including goodwill will not exceed the recoverable<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>mount as a result of po<span class=\"_ _92\"></span>tential <span class=\"ls1f5 wsaeb\">changes in the key <span class=\"_ _43\"></span>measurement assumptions<span class=\"_ _333\"> </span></span>Impairment testing of good<span class=\"_ _92\"></span>will for the Grenzkraftw<span class=\"_ _92\"></span>erke po<span class=\"_ _92\"></span>wer plant group<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of th<span class=\"_ _92\"></span>e Grenzkraftwerke power plant gro<span class=\"_ _92\"></span>up<span class=\"_ _333\"> </span>2 that each represent a cash-g<span class=\"_ _92\"></span>enerating unit, plus goodwill and deferre<span class=\"ls1a ws256\">d tax accruals </span>Run-of-river power plants of the Grenzkraftwerke power plant group<span class=\"_ _333\"> </span>2 that each represent a cash-generating unit, plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws792\">Grenzkraftwerke Gm<span class=\"ls106 ws35e\">bH\u2019s budgets  </span></span>(based primarily on near-market data) Grenzkraftwerke GmbH\u2019s budgets  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls60 ws61\">Annual output correspondin<span class=\"_ _92\"></span>g to the mean </span>energy capability of 3,957 GWh Annual output corresponding to the mean energy capability of 3,957 or 4,007 GWh (after completing measures to increase efficiency at Ering-Frauenstein) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the water charges based on official notices; estimate of the maintenance co<span class=\"_ _92\"></span>sts by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the water charges based on off<span class=\"_ _92\"></span>ici<span class=\"ls46 ws2b\">al notices; estimate </span>of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>3 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls62 ws64\">Austria: WACC: 4.25 %<span class=\"_ _333\"> </span></span>4<span class=\"_ _333\"> </span>Germany: WACC: 4.00 % Austria: WACC: 6.25 %<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>Germany: WACC: 5.75 % Impairment loss  during the period<span class=\"_ _333\"> </span>5<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The following notes relate to the second step of the two-step <span class=\"ls4f ws51\">impairment test of the Gr<span class=\"_ _43\"></span>enzkraftwer<span class=\"_ _43\"></span>ke power plan<span class=\"_ _43\"></span>t group. The r<span class=\"_ _43\"></span>e<span class=\"ls4e ws50\">coverabil<span class=\"_ _43\"></span>ity of the in<span class=\"_ _43\"></span>dividual run<span class=\"_ _43\"></span>-of-river power<span class=\"_ _43\"></span> </span></span>plants was tested in the firs<span class=\"_ _43\"></span>t step. // 2 The Grenzkraftwerk<span class=\"_ _92\"></span>e <span class=\"_ _43\"></span>power plant gro<span class=\"_ _92\"></span>u<span class=\"_ _43\"></span>p comprises the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>following power pl<span class=\"_ _92\"></span>ants: Braunau-Simbach, Egglfing-Obe<span class=\"_ _92\"></span>rnberg, Ering-Frauens<span class=\"ls236 ws0\">tein, </span>Jochenstein, Nu\u00dfdorf, Oberaudorf-Ebbs, Passau-Ingling and<span class=\"_ _92\"></span> S<span class=\"_ _43\"></span>ch\u00e4rding-Neuhaus. // 3 The planning period wa<span class=\"_ _92\"></span>s extended to 2060 due to the availabili<span class=\"_ _92\"></span>ty of price curves. //  4 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 7<span class=\"_ _43\"></span>.98 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls238 wsb4f\">8.11 % (previous year: 5.<span class=\"_ _92\"></span>16 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls42 ws40\">5.24 %). // </span></span>5 According to management, the carrying amount of the Grenzkraftw<span class=\"_ _43\"></span>erke power <span class=\"_ _43\"></span>plant group\u2019s<span class=\"_ _43\"></span> assets (l<span class=\"_ _43\"></span>ess defer<span class=\"_ _43\"></span>red tax liabilit<span class=\"_ _43\"></span>ies) inc<span class=\"_ _43\"></span>luding goodw<span class=\"_ _43\"></span>ill does n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recoverable<span class=\"_ _43\"></span> a<span class=\"ls180 ws7db\">mount as a result of possible changes in key </span>measurement assumpt<span class=\"_ _43\"></span>ions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>I<span class=\"_ _333\"> </span>mpairment testing <span class=\"_ _92\"></span>of goodwill for Gas C<span class=\"_ _92\"></span>onnect Austria<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Group of  cash-generating units Gas Connect Austria GmbH (GCA),  Austrian Gas Grid Management AG (AGGM), Trans Au<span class=\"_ _92\"></span>stria Gasleitung GmbH (TAG), profit par<span class=\"_ _92\"></span>ticipation right with respect to material assets of TAG plus goodwill  less deferred tax accruals Gas Connect Austria GmbH (GCA), Austrian Gas Grid Management AG (AGGM), Trans Austria<span class=\"ls37 ws26\"> Gasleitung GmbH </span>(TAG), profit participation right with respect to material assets of TAG plus goodwill less deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal<span class=\"_ _92\"></span> </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls1ab ws813\">GCA budgets <span class=\"_ _92\"></span> </span>(based primarily on near mark<span class=\"_ _92\"></span>et data) GCA budgets  (based primarily on <span class=\"lsca\">near market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls9c ws190\">Cap<span class=\"_ _43\"></span>acity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariffs published by t<span class=\"_ _92\"></span>he regulator <span class=\"_ _276\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by the </span></span>regulator Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years; <span class=\"_ _92\"></span> </span>rough planning phase: 23 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 22 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac852.7m <span class=\"_ _11f\"> </span><span class=\"ff2f fc0 ls18\">\u20ac7<span class=\"_ _92\"></span>04.6m </span></span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">8.8m <span class=\"_ _1a5\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls9c\">39.3m </span></span></span>1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the tw<span class=\"_ _43\"></span>o-step im<span class=\"_ _43\"></span>pairment tes<span class=\"_ _43\"></span>t of the Gas<span class=\"_ _43\"></span> Connect A<span class=\"_ _43\"></span>ustria g<span class=\"_ _43\"></span>roup of cas<span class=\"_ _43\"></span>h-g<span class=\"ls239 wsb51\">enerating units. In<span class=\"_ _43\"></span> the first step,<span class=\"_ _43\"></span> the </span>recoverabilit<span class=\"_ _43\"></span>y of the<span class=\"_ _43\"></span> GCA unit<span class=\"_ _43\"></span>s including<span class=\"_ _43\"></span> AGGM and t<span class=\"_ _43\"></span>he investm<span class=\"_ _43\"></span>ent<span class=\"ls235 wsb4c\"> in Trans Austria Gasleitung GmbH (TAG) was tested. TAG\u2019s asse<span class=\"ls1b5 ws91d\">t participation<span class=\"_ _43\"></span> right was mea<span class=\"_ _43\"></span>sured at f<span class=\"_ _43\"></span>air </span></span>value in accordan<span class=\"_ _43\"></span>ce with IFRS 9. /<span class=\"_ _43\"></span>/ 2 An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognise<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>in the 2022 report<span class=\"_ _92\"></span><span class=\"ls3d ws3b\">ing period in the amount of \u20ac16.8m as at 30 June 2022.<span class=\"_ _92\"></span> As at </span>31 December 2022, the i<span class=\"_ _92\"></span>mpairment recognised during the year i<span class=\"_ _92\"></span>ncreased to \u20ac39.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2022   <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.1m </span>\u20ac+<span class=\"fsa\"> </span>9.9m Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2021 <span class=\"_ _158\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.7m </span>\u20ac+<span class=\"fsa\"> </span>10.6m<span class=\"_ _333\"> </span>Impairment testing of good<span class=\"_ _92\"></span>will for SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls61 ws62\">SMATRICS GmbH &amp; Co KG,  </span>full-service provider for  electromobility charging solutions SMATRICS GmbH &amp; Co KG,  full-service provider for  electromobility charging solutions Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _257\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls34 ws32\">SMATRICS GmbH &amp; Co KG budgets  </span>(based primarily on near-market data) SMATRICS GmbH &amp; Co KG  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls5d ws5e\">Electric vehicle ramp-up <span class=\"_ _289\"> </span></span><span class=\"ff2f ls2b ws1f\">Electric vehicle ramp-up </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls33 ws30\">Charging rates <span class=\"_ _5c\"> </span></span><span class=\"ff2f ls20 ws25\">Charging rates </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 9 years plu<span class=\"_ _92\"></span>s </span>subsequent terminal value phase Detailed planning phase: 8 years plus subsequent terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electric vehicle ramp-up, discount rate <span class=\"_ _4d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Electric vehicle ramp-up, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 10.00 % <span class=\"_ _12a\"> </span></span><span class=\"ff2f ls33 ws91c\">WACC: 12.25 % </span>Impairment loss  during the period \u2013 <span class=\"_ _13\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"_ _333\"> </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2022    <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span>12.25 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.7m </span>\u20ac+<span class=\"fsa\"> </span>2.1m Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2021  V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span><span class=\"ls37 ws36\">10.00 % <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.8m </span>\u20ac+<span class=\"fsa\"> </span>3.8m<span class=\"_ _333\"> </span>Impairment test of the goodwill of the Spanish r<span class=\"_ _92\"></span>enewables portfolio<span class=\"_ _333\"> </span>1  <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Photovoltaic portfolios with a capac<span class=\"_ _43\"></span>ity of <span class=\"ls5d ws2d\">82.1 MWp in operation (Anselma Issuer, S.A. </span>and Topacio Energy, S.L.U.), <span class=\"ls0 ws1b\">wind/photovoltaic portfolios wi<span class=\"ls24 ws95a\">th a capacity of 2,129 MW </span></span>in development (Tejo Solar, S.L.U., Catalp<span class=\"ls9c ws61\">a Solar, S.L.U. and VERBU<span class=\"_ _43\"></span>ND Green Power </span>Renewable Projects, S.L.U.) plus <span class=\"ls1a ws24\">goodwill less deferred tax items </span>Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ls2b ws1f\">Tariffs for existing plants; internal price forecast for proj<span class=\"ls61 ws20\">ec<span class=\"_ _43\"></span>ts, premium for additional </span></span>proceeds from the sale of guarantees of<span class=\"ls5b wsb52\"> origin (derived from quoted prices) </span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 17 years for ex<span class=\"ls62 ws90e\">isting projects and 29 years (PV) or </span>24 years (wind) for de<span class=\"_ _92\"></span><span class=\"ls2b wsb54\">velopment p<span class=\"_ _43\"></span>rojects </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac766.1m<span class=\"_ _92\"></span> </span>Impairment losses  during the period \u20ac\u2013<span class=\"fsa ls0\"> </span>94.2m 1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the two-s<span class=\"_ _43\"></span>tep impa<span class=\"_ _43\"></span>irment test<span class=\"_ _43\"></span> of the Spa<span class=\"_ _43\"></span>nish rene<span class=\"_ _43\"></span>wables portf<span class=\"_ _43\"></span>olio group<span class=\"_ _43\"></span> <span class=\"ls12c wsb55\">of cash-generating<span class=\"_ _43\"></span> units. In the f<span class=\"_ _43\"></span>irst step, the </span>recoverability o<span class=\"_ _43\"></span>f developmen<span class=\"_ _43\"></span>t projects was test<span class=\"_ _43\"></span>ed in accord<span class=\"_ _43\"></span>ance with IAS 3<span class=\"_ _43\"></span>6.10(a) while<span class=\"_ _43\"></span> the recoverab<span class=\"_ _43\"></span>ility of exist<span class=\"_ _43\"></span>ing projects<span class=\"ls233 wsb49\"> was t<span class=\"_ _43\"></span>ested if there was an<span class=\"_ _43\"></span>y indication<span class=\"_ _43\"></span> that they </span>might be impaired. // 2 The Spanish renewab<span class=\"_ _43\"></span>les portfolio can be brok<span class=\"_ _43\"></span>en down into the follow<span class=\"_ _43\"></span>ing portfolios<span class=\"_ _43\"></span>: Anselma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, Topacio <span class=\"lsce ws261\">Ener<span class=\"_ _43\"></span>gy, S.L.U. with 1<span class=\"_ _43\"></span>9 </span>CGUs, Tejo S<span class=\"_ _43\"></span>olar, S.L.U. wi<span class=\"_ _43\"></span>th 18 CGUs, Catal<span class=\"_ _43\"></span>pa Solar, S.L.U<span class=\"_ _43\"></span>. with 5 CGUs an<span class=\"_ _43\"></span>d VERBUND Gr<span class=\"_ _43\"></span>een Power Rene<span class=\"_ _43\"></span>wable Projects<span class=\"_ _43\"></span>, S.L.U. wit<span class=\"ls206 wsb57\">h 3 CGUs. //<span class=\"_ _92\"></span> </span>3 Since the return on the Anselma Issuer, <span class=\"_ _43\"></span>S.A. and T<span class=\"_ _43\"></span>opacio Energy, S.<span class=\"_ _43\"></span>L.U. portfoli<span class=\"_ _43\"></span>os is secure<span class=\"_ _43\"></span>d by tariff for<span class=\"_ _43\"></span> the next 15<span class=\"_ _43\"></span> to 18 years, f<span class=\"_ _43\"></span>ollowed by a p<span class=\"_ _43\"></span>eri<span class=\"ls39 ws37\">od of merchant marke<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ing, two WACCs were used<span class=\"_ _92\"></span> </span>for the valu<span class=\"_ _43\"></span>ation. The <span class=\"_ _43\"></span>implicit <span class=\"_ _43\"></span>pre-tax inter<span class=\"_ _43\"></span>est rate det<span class=\"_ _43\"></span>ermined thr<span class=\"_ _43\"></span>ough a pro<span class=\"_ _43\"></span>cess of iter<span class=\"_ _43\"></span>ation am<span class=\"_ _43\"></span>ounted to 7.<span class=\"_ _43\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">8.67 %<span class=\"_ _333\"> </span></span><span class=\"fsc ls42 ws40\">. </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish renew<span class=\"_ _92\"></span>ables portfolio 12/1/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _a4\"> </span>5.75 %/6.50 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac+<span class=\"fsa\"> </span>30.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">30.0m </span>Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _19d\"> </span>\u20ac47.5 per MWh <span class=\"_ _d5\"> </span>\u00b1 5 % \u20ac+<span class=\"fsa\"> </span>62.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">62.0m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\">.<span class=\"_ _333\"> </span></span>4.4.2 Impairment testin<span class=\"_ _92\"></span>g of pow<span class=\"_ _92\"></span>er plants Impairment test \u2013 Mellach combined<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>cycle gas turbine po<span class=\"_ _92\"></span>wer plant   <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls1f ws20\">Combined cycle gas turbine power plant <span class=\"_ _92\"></span> </span>(installed electrical capacity: 838 MW) Combined cycle gas turbine power plant  (installed electrical capacity: 838 MW) Indications of impairment Updated electricity and/or gas price forecasts and upd<span class=\"_ _92\"></span>ated discount rate Updated electricity and/or gas price forecasts and updated disc<span class=\"_ _43\"></span>ount rate Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 lsca ws25c\">VERBUND Thermal Power GmbH &amp; Co KG </span>budgets (based m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>inly on  near-market data) VERBUND Thermal Power GmbH &amp; Co KG budgets (based mainly on  near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls32 ws2e\">Optimisation mo<span class=\"_ _92\"></span>del with primary inputs: </span>installed capacity, <span class=\"ls74 ws68\">heat extractio<span class=\"_ _0\"></span>n </span>(maximum 400 MW) and efficiency at full capacity (58.8 %) Optimisation model with primary inputs: installed capacity, heat extraction (maximum 400 MW) and eff<span class=\"_ _92\"></span>iciency at full capacity (58.8 %<span class=\"_ _92\"></span>) Price<span class=\"_ _333\"> </span>1 <span class=\"_ _22c\"> </span><span class=\"fc4 ls34 ws387\">internal price forecasts; temporarily </span>expected revenue<span class=\"_ _92\"></span> from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent, redispatch and market use, including heat <span class=\"_ _92\"></span>extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of operat<span class=\"_ _92\"></span>ing, maintenance and downtime costs by<span class=\"_ _92\"></span> the responsible managers External price forecasts; temporarily expected revenue from the grid reserve, congestion management, redispatch and market use, including heat extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of<span class=\"_ _92\"></span> operating, maintenance and dow<span class=\"_ _92\"></span>ntime costs by the responsible managers Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1c ws1d\">Total capacity averaging around </span>100,000 equivalent operating hour<span class=\"_ _92\"></span>s or  until 2040 (dependent on earlier entry) Total capacity averaging around 100,000 equivalent op<span class=\"_ _92\"></span><span class=\"ls36 ws68\">erating hours or  </span>until 2040 (dependent on earlier entry) Ke<span class=\"_ _0\"></span>y measurement assumptions Discount rate, expected revenue fro<span class=\"_ _92\"></span>m the grid reserve, congestion manageme<span class=\"_ _92\"></span>nt and redispatch, devel<span class=\"_ _0\"></span>opment of clean spark spreads Discount rate, expected revenue from the grid reserve, congestion management and redispatch, development of clean spark spreads After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.25 % <span class=\"_ _1d3\"> </span></span><span class=\"ff2f ls60 ws813\">WACC: 6.25 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac109.9m <span class=\"_ _75\"> </span><span class=\"ff2f fc0 ls18\">\u20ac231.5m </span></span>Reversal of  impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>24.5m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac+<span class=\"fsa ls0\"> </span>126.0m </span>1 An average of the<span class=\"_ _43\"></span> price forecas<span class=\"_ _43\"></span>ts of the infor<span class=\"_ _43\"></span>mation service pr<span class=\"_ _43\"></span>oviders AFRY<span class=\"_ _43\"></span> and IHS was us<span class=\"_ _43\"></span>ed to determin<span class=\"_ _43\"></span>e the fair va<span class=\"_ _43\"></span>lue for r<span class=\"_ _43\"></span><span class=\"ls100 ws2fe\">eporting dates prior to 31 D<span class=\"_ _92\"></span>ecember 2022.  </span>Only the AFRY Cen<span class=\"_ _43\"></span>tral price scenar<span class=\"_ _43\"></span>io was used f<span class=\"_ _43\"></span>or the current rep<span class=\"_ _43\"></span>orting date due to<span class=\"_ _43\"></span> changes in the<span class=\"_ _43\"></span> energy market env<span class=\"_ _43\"></span>ironment. I<span class=\"ls4d ws4f\">f t<span class=\"_ _43\"></span>he prev<span class=\"_ _43\"></span>iously appli<span class=\"_ _43\"></span>e<span class=\"ls0 wsb59\">d average cost method </span></span>had been retained,<span class=\"_ _43\"></span> the recover<span class=\"_ _43\"></span>able amount <span class=\"_ _43\"></span>for the Mella<span class=\"_ _43\"></span>ch combined cyc<span class=\"_ _43\"></span>le gas tur<span class=\"_ _43\"></span>bine power plant<span class=\"_ _43\"></span> cash-generating u<span class=\"_ _43\"></span>nit as at 31 <span class=\"ls16c ws6d7\">December 2022 would have been \u20ac192.<span class=\"_ _92\"></span>6m.  </span>Thus, the reversal of<span class=\"_ _92\"></span> impairment losses would have been around \u20ac38.<span class=\"_ _92\"></span>9m lower. // 2 A reversa<span class=\"_ _43\"></span>l of impairm<span class=\"_ _43\"></span>ent losses<span class=\"_ _43\"></span> loss had a<span class=\"_ _43\"></span>lready bee<span class=\"_ _43\"></span>n recognis<span class=\"_ _43\"></span>ed in the r<span class=\"_ _43\"></span>eporting peri<span class=\"_ _43\"></span>od in the amount of \u20ac56.0m as at 30 June 2022.<span class=\"_ _92\"></span> The reversal of impairment losse<span class=\"_ _92\"></span>s recognised during the year increase<span class=\"_ _92\"></span>d to \u20ac126.0m as a<span class=\"ls42 ws40\">t 31 December 2022.<span class=\"_ _92\"></span> The increase in value in </span>the 2022 reporting p<span class=\"_ _92\"></span>eriod was reduced by the change in deferred<span class=\"_ _92\"></span> g<span class=\"_ _43\"></span>o<span class=\"ls231 wsb42\">vernment grants in the amo<span class=\"_ _92\"></span>unt <span class=\"_ _43\"></span>of \u20ac3.6m (previo<span class=\"_ _92\"></span>us <span class=\"_ _43\"></span>year: \u20ac0.7m<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\">)<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\"><span class=\"ls23a ws0\">.<span class=\"_ _333\"> </span></span></span>Sensitivity analysis fo<span class=\"_ _92\"></span>r the Mellach co<span class=\"lsc4 ws2b2\">mbined cycle gas turbine po<span class=\"_ _92\"></span>wer plant 2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>3.1m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.0m </span>T<span class=\"_ _14\"></span>emporarily expected re<span class=\"_ _92\"></span>venue from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent and redispatch <span class=\"_ _280\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2 <span class=\"_ _117\"> </span><span class=\"ls1a ws1c\">\u00b1 10 % </span>\u20ac+<span class=\"fsa\"> </span>10.3m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">10.4m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 A disclosure of the val<span class=\"_ _92\"></span>ue assigned to the<span class=\"_ _43\"></span> temporarily<span class=\"_ _43\"></span> expected revenu<span class=\"_ _43\"></span>e from con<span class=\"_ _43\"></span>gestion manage<span class=\"_ _43\"></span>ment and redis<span class=\"_ _43\"></span>patch is omitt<span class=\"_ _43\"></span>ed because s<span class=\"_ _43\"></span>uch a disclosu<span class=\"_ _43\"></span>re cou<span class=\"ls12b wsabc\">ld h<span class=\"_ _43\"></span>arm VERBUN<span class=\"_ _43\"></span>D\u2019s positi<span class=\"_ _43\"></span>on in the </span>bidding proces<span class=\"_ _43\"></span>s. Sensitivity analysis f<span class=\"_ _92\"></span>or the Mellach comb<span class=\"ls7f ws23e\">ined cycle gas turbine po<span class=\"_ _92\"></span>wer plant 2021  </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">4.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">1.5m </span>\u20ac+<span class=\"fsa\"> </span>1.5m T<span class=\"_ _14\"></span>emporarily expected re<span class=\"_ _92\"></span>venue from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent and redispatch <span class=\"_ _194\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _f3\"> </span><span class=\"ls1a ws1c\">\u00b1 10 % </span></span>\u20ac+<span class=\"fsa\"> </span>33.9m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">33.9m<span class=\"_ _333\"> </span></span>Impairment testing of the Gr<span class=\"_ _92\"></span>atkorn pow<span class=\"_ _92\"></span>er plant on the Mur River    <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"ff2f ls2b ws1f\">River power plant in the area of the Mur River (50 % owned by VERBUND Hydro </span>Power GmbH (VHP), 50 % owned<span class=\"_ _43\"></span> by Energie Steiermark Green Power GmbH)<span class=\"_ _43\"></span> Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls2b ws1f\">VHP budgets (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls2b ws1f\">The annual output corresponding to th<span class=\"ls59 ws22\">e mean energ<span class=\"_ _43\"></span>y capability of 56 GWh  </span></span>(for 100 % of the power plant) Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Internal price forecasts; discounts for genera<span class=\"ls32 ws5a8\">tion characteristics and the hydrological </span></span>forecast and availability risk; premium fo<span class=\"ls5d ws2d\">r additional proceeds from the sale of </span>guarantees of origin (derived from quoted pric<span class=\"ls1d ws35e\">es); e<span class=\"_ _43\"></span>stimate of the maintenance costs by </span>the managers responsible Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ls1a ws24\">Detailed planning phase: 6 years;  </span>rough planning phase: 32 years foll<span class=\"ls1d ws35e\">owed by a terminal value phase </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.25 %<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac12.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac<span class=\"ff2a\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls17\">10.4m </span>1 The implicit<span class=\"_ _43\"></span> pre-tax int<span class=\"_ _43\"></span>erest ra<span class=\"_ _43\"></span>te determine<span class=\"_ _43\"></span>d through a<span class=\"_ _43\"></span> process of <span class=\"_ _43\"></span>iteration a<span class=\"_ _43\"></span>mounted to 6<span class=\"_ _43\"></span>.43 %. // 2 An impairment loss ha<span class=\"_ _92\"></span>d already been recognised in<span class=\"_ _0\"></span> the reporting pe<span class=\"_ _92\"></span>riod in the amount of \u20ac12.9m a<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> at 30 June 2022. The impai<span class=\"_ _92\"></span>rment recognised during the year decrea<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>ed to \u20ac10.4m as at 31 Decem<span class=\"_ _92\"></span>ber 2022. <span class=\"ls52 ws54\">The impair<span class=\"_ _43\"></span>ment loss as<span class=\"_ _43\"></span> at 31<span class=\"_ _43\"></span> December </span>2022 was reduced<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>by the \u20ac0.7m change i<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>deferred governme<span class=\"_ _92\"></span>nt grants<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Gratk<span class=\"_ _92\"></span>orn <span class=\"lsea ws552\">power plant on the Mur River 31/1/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">0.7m </span>\u20ac+<span class=\"fsa\"> </span>0.7m Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _cb\"> </span><span class=\"ls34 ws32\">\u20ac86.3 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>1.8m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">1.8m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span>Impairment test Spa<span class=\"_ _0\"></span>nish ren<span class=\"_ _92\"></span>ewables portf<span class=\"_ _92\"></span>olio existing pr<span class=\"_ _92\"></span>ojects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>PV portfolios with a capacity of 82.1 MWp in operation  (Anselma Issuer, S.A. and Topacio Energy, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Tariffs for the next 15\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws1f\">18 years, followed <span class=\"_ _43\"></span>by internal price forecast </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 15 years for th<span class=\"lsca ws30\">e Anselma Issuer, S.A. portfolio and  </span>14 to 17 years for the Topacio Energy, S.L.U. portfolio. Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac393.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>49.7m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The existin<span class=\"_ _43\"></span>g projects can<span class=\"_ _43\"></span> be broken d<span class=\"_ _43\"></span>own into the f<span class=\"_ _43\"></span>ollowing port<span class=\"_ _43\"></span>folios: Ans<span class=\"_ _43\"></span>elma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, <span class=\"_ _43\"></span>Topacio Ener<span class=\"_ _43\"></span>gy, S.L.U. wit<span class=\"_ _43\"></span>h 19 CGUs. <span class=\"_ _43\"></span>// 3 Since the re<span class=\"_ _43\"></span>turn on the Ansel<span class=\"_ _43\"></span>ma Issuer, S.A.<span class=\"_ _43\"></span> and Topaci<span class=\"_ _43\"></span>o Energy, S.L.U<span class=\"_ _43\"></span>. portfol<span class=\"_ _43\"></span>ios is secur<span class=\"_ _43\"></span>ed by tariff for<span class=\"_ _43\"></span> the next 15 to 18 ye<span class=\"_ _92\"></span>ars, followed by a period of merc<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ant marketi<span class=\"_ _92\"></span>ng, two WACCs were used for the valuatio<span class=\"_ _92\"></span>n. The implicit pre-ta<span class=\"ls1d1 ws9ec\">x interest rate determined through a process <span class=\"_ _43\"></span>of </span>iteration amounted to 7.<span class=\"_ _92\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">7.51 %. // </span>4 The impairment as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31 December 2022 comp<span class=\"_ _92\"></span>rises the impairment of 9 CGUs in the Anselma Issuer,<span class=\"_ _92\"></span> <span class=\"ls39 wsb5c\">S.A. portfolio in the<span class=\"_ _92\"></span> amount o<span class=\"ls23e ws0\">f </span></span>\u20ac15.4m and 19 CG<span class=\"_ _92\"></span>Us <span class=\"_ _43\"></span>in the Topacio Ene<span class=\"_ _92\"></span>rgy, S.L.U. portfolio in the amount of<span class=\"_ _92\"></span> \u20ac34.2m.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the existing Span<span class=\"ls129 ws8df\">ish r<span class=\"_ _92\"></span>enewables portf<span class=\"_ _92\"></span>olio projects 31/12/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets 2<span class=\"_ _333\"> </span>Effects on the carrying amounts of assets 3<span class=\"_ _333\"> </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _193\"> </span><span class=\"ls20 ws21\">5.75 %/6.50 % <span class=\"_ _49\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span><span class=\"ls1a ws256\">1.5m  </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">1.5m  </span>\u20ac+<span class=\"fsa\"> </span>4.4m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">4.4m  </span>Electricity price<span class=\"_ _333\"> </span>4 <span class=\"_ _16b\"> </span><span class=\"ls34 ws32\">\u20ac47.5 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span><span class=\"ls1a ws256\">0.9m  </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">0.9m  </span>\u20ac+<span class=\"fsa\"> </span>1.8m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">1.8m  </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 Anselma Issuer, S.A. portfolio //<span class=\"_ _43\"></span> 3 Topacio En<span class=\"_ _43\"></span>ergy, S.L.U. p<span class=\"_ _43\"></span>ortfolio <span class=\"_ _43\"></span>// 4 The electrici<span class=\"_ _92\"></span>ty price shown relates to the year 2030. T<span class=\"_ _92\"></span>he sensitivity analysis va<span class=\"_ _92\"></span>ries the price of electricity ste<span class=\"_ _92\"></span>adily over t<span class=\"ls1b5 ws91d\">ime up to </span>the planning horizon<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment test Spanis<span class=\"_ _92\"></span>h renewables p<span class=\"_ _92\"></span>ortfolio deve<span class=\"_ _92\"></span>lopment projects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Wind/PV portfolios with a cap<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>city of 2,129 <span class=\"ls2d ws90d\">MW u<span class=\"_ _92\"></span>nder development (Tejo Solar, S.L.U,  </span>Catalpa Solar, S.L.U. and VERBUN<span class=\"_ _43\"></span>D Green Power Renewable Projects<span class=\"_ _43\"></span>, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f lsca ws30\">Internal price forecast for pr<span class=\"ls0 ws1b\">ojects, premium for addi<span class=\"_ _43\"></span>tional proceeds from the sale of </span></span>guarantees of origin (derived from quoted prices) Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 29 year<span class=\"ls26 ws91b\">s (PV) or 24 years (wind) </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac373.1m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>2.0m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The devel<span class=\"_ _43\"></span>opment projects<span class=\"_ _43\"></span> can be br<span class=\"_ _43\"></span>oken down int<span class=\"_ _43\"></span>o the follow<span class=\"_ _43\"></span>ing portf<span class=\"_ _43\"></span>olios: Tejo Solar, S.L.U. with 18 CGUs, Catalpa Solar, S.L.U. with 5 CGUs and VERBUND Green P<span class=\"_ _43\"></span>ower Renewable Projects, S.L.U. with 3 CGUs. /<span class=\"ls241 ws0\">/ </span>3 The implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest r<span class=\"_ _43\"></span>ate determined through a process of iteration amounted to 8.57 %\u2013 <span class=\"fsc ls234 wsb4a\">8.67 %. // </span>4 The impairment as at 31 Dec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mber 2022 relates to<span class=\"_ _92\"></span> 2 <span class=\"_ _43\"></span>CGUs in the Tejo Sol<span class=\"_ _92\"></span>ar, S.L.U. portfolio.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish re<span class=\"_ _92\"></span>newables portf<span class=\"_ _92\"></span>olio develop<span class=\"_ _92\"></span>ment projects 31/12/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _19a\"> </span><span class=\"ff2f ls34 ws772\">Value assigned<span class=\"_ _0\"></span> </span>to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.50 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>2.6m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.6m </span>Electricity price<span class=\"_ _333\"> </span>3 <span class=\"_ _cb\"> </span><span class=\"ls34 ws32\">\u20ac47.5 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>4.2m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">4.2m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 Tejo Sola<span class=\"_ _92\"></span>r, S.L.U. portfolio //  3 The electrici<span class=\"_ _92\"></span>ty price shown relates to the year 2030.<span class=\"_ _92\"></span> The sensitivity analysis vari<span class=\"_ _92\"></span>es the price of electricit<span class=\"_ _92\"></span>y st<span class=\"_ _43\"></span>eadily over t<span class=\"_ _92\"></span><span class=\"ls243 wsb60\">ime up to t<span class=\"_ _92\"></span>he planni<span class=\"_ _92\"></span>ng horizo<span class=\"_ _92\"></span>n<span class=\"_ _333\"> </span></span>Exist<span class=\"_ _43\"></span>ing provisions for pensions and similar obligations as we<span class=\"_ _43\"></span>ll as obligations from termination benefits (c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount as at 31 <span class=\"_ _14\"></span>De<span class=\"_ _43\"></span>cember 2022:<span class=\"fc9 ls0 ws0\"> <span class=\"_ _63\"></span></span>\u20ac493.9m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac693.6m) were measured based on assumptions an<span class=\"_ _92\"></span>d estimates as at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. The key factors of in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nce included the discoun<span class=\"_ _92\"></span>t rate<span class=\"_ _92\"></span>, the estimated r<span class=\"_ _92\"></span>etirement a<span class=\"_ _92\"></span>ge and the estimat<span class=\"_ _92\"></span>ed life expectancy as well as future incr<span class=\"_ _92\"></span>eases in salaries and pension be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span>:  Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span>T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span>(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2022 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2.38 % <span class=\"_ _6c\"> </span>2.49 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>5.17 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.76 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">4.81 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.79 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2022 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.18 % <span class=\"_ _6c\"> </span>3.35 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>6.81 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.18 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.71 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.56 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2022 <span class=\"_ _1cc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.75 % <span class=\"_ _6c\"> </span>1.80 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.48 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.00 % <span class=\"_ _6a\"> </span>0.00 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2021 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.10 % <span class=\"_ _6c\"> </span>3.27 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>6.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.01 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.54 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2021 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.94 % <span class=\"_ _6c\"> </span>4.20 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>8.35 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>7.46 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">7.00 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.66 %<span class=\"_ _333\"> </span></span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2021 Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.91 % <span class=\"_ _6c\"> </span>1.97 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.87 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.68 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.03 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>0.04 %<span class=\"_ _333\"> </span></span></span>Dismantling an<span class=\"_ _43\"></span>d decomm<span class=\"lscf ws2f4\">issioning obligations </span>Provisions are r<span class=\"_ _92\"></span>ecog<span class=\"_ _43\"></span>nised at the dis<span class=\"_ _43\"></span>counted settleme<span class=\"_ _43\"></span>nt amounts for obligations resulting from the dismantlin<span class=\"_ _92\"></span>g or decommissioning of power<span class=\"_ _92\"></span> plants in the r<span class=\"_ _92\"></span>eporting period in which they ar<span class=\"_ _92\"></span>e incurred; <span class=\"_ _80\"></span> at the sam<span class=\"_ _92\"></span>e time, the carrying amoun<span class=\"_ _92\"></span>ts for the power pl<span class=\"_ _92\"></span>ants are incr<span class=\"_ _92\"></span>eased as a general rule (see<span class=\"_ _92\"></span> section 4.2 Pr<span class=\"_ _92\"></span>operty, plant and equipmen<span class=\"_ _92\"></span>t). In subsequent periods<span class=\"_ _92\"></span>, the capitalised cos<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s for disman<span class=\"_ _92\"></span>tling or decommissioni<span class=\"_ _92\"></span>ng are depreciated o<span class=\"_ _92\"></span>ver the (remainin<span class=\"_ _92\"></span>g) useful life of the plants; inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st is accrued annually.  The pro<span class=\"_ _92\"></span>visions are measur<span class=\"_ _92\"></span>ed at the reportin<span class=\"_ _92\"></span>g date on the basis of ass<span class=\"_ _92\"></span>umptions and estimates<span class=\"_ _92\"></span>. The key factors of influen<span class=\"_ _92\"></span>ce were the expected disma<span class=\"_ _92\"></span>ntling dates, an<span class=\"_ _92\"></span>y possible expert reports t<span class=\"_ _92\"></span>o ascertain the dismantlin<span class=\"_ _92\"></span>g and decontamination costs o<span class=\"_ _92\"></span>r proceeds from the sal<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> of scrap<span class=\"_ _14\"></span>, the valorisation of these costs and the discount ra<span class=\"_ _92\"></span>te of 2.00 %\u2013 <span class=\"fs2 ws2ac\">8.23 % (previous year: 0.25 %\u2013</span> <span class=\"fs2 ls82 ws249\">5.43 %)<span class=\"_ _333\"> </span></span>Contingen<span class=\"_ _92\"></span>t liabilities not recogn<span class=\"_ _92\"></span>ised in VERBUND\u2019<span class=\"_ _14\"></span>s balance sheet are as<span class=\"_ _92\"></span>sessed quarterly with respect to<span class=\"_ _92\"></span> their prob<span class=\"_ _92\"></span>ability of occurrence<span class=\"_ _92\"></span>. The assessmen<span class=\"_ _92\"></span>t is carried out by the m<span class=\"_ _92\"></span>anagers r<span class=\"_ _0\"></span>esponsible<span class=\"_ _92\"></span>, taking account of m<span class=\"_ _92\"></span>arket-related inp<span class=\"_ _92\"></span>uts (to the extent pos<span class=\"_ _92\"></span>sible) and expert opinions (in individual cases).<span class=\"_ _333\"> </span>The following list of Group<span class=\"_ _92\"></span> compan<span class=\"ls64 ws3fb\">ies prepared in accor<span class=\"_ _92\"></span>dance with <span class=\"ls96 ws631\">Section 245a(1) in conjunction with </span></span>Section 265(2) <span class=\"_ _2fe\"> </span>Austrian <span class=\"_ _83\"> </span>Commercial<span class=\"ls26 ws19d\"> Code (UGB) comprises VERBUND\u2019<span class=\"_ _14\"></span><span class=\"lsa2 ws76e\">s subsidiaries<span class=\"_ _92\"></span>, joint ventures </span></span>and associates<span class=\"_ _92\"></span>. In addition, this list also in<span class=\"_ _92\"></span>cludes unconsolidated subsidiaries and other jo<span class=\"_ _92\"></span>int venture<span class=\"_ _92\"></span>s and equity inter<span class=\"_ _92\"></span>ests of VERBUND not accounted for<span class=\"_ _92\"></span> using the equity method with an inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st of \u2265 20<span class=\"_ _333\"> </span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND AG  (VH) \u2013 Hydro <span class=\"_ _50\"> </span><span class=\"fc4 ls1ab ws0\">Wien <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _4f\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span></span></span></span>Innwerk AG  (VHP<span class=\"_ _14\"></span>-IW) Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>VERBUND Hydro Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VHP) <span class=\"_ _58\"> </span><span class=\"fc4 ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">80.54 % <span class=\"_ _1e\"> </span></span></span></span></span><span class=\"ls62\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.54 % </span></span></span></span>VERBUND Innkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _1d4\"> </span><span class=\"fc4 ls37\">T\u00f6ging <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span></span></span><span class=\"ws36\">70.27 % <span class=\"_ _218\"> </span></span><span class=\"fc0\">T\u00f6ging <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span></span></span><span class=\"ws36\">70.27 % </span></span></span>Donaukraftwerk Jochenstein Aktiengese<span class=\"_ _43\"></span>llschaft Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Grenzkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _16e\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % \u00d6sterreichisch-<span class=\"_ _333\"> </span>Bay<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rische Kraftwerk<span class=\"_ _92\"></span>e Aktiengese<span class=\"_ _43\"></span>llschaft <span class=\"_ _216\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % Ennskraftwerke Aktiengese<span class=\"_ _43\"></span>llschaft Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _94\"> </span></span></span></span><span class=\"fc0\">Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH &amp; Co KG <span class=\"_ _bd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH <span class=\"_ _7\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Ashta Beteiligungs-<span class=\"_ _333\"> </span>verwaltung GmbH  (VHP<span class=\"_ _92\"></span>-AL<span class=\"_ _14\"></span>-HII) Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">50.01 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">50.01 % </span></span>Energji Ashta Shpk  <span class=\"_ _187\"> </span><span class=\"fc4 ls1d ws0\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span><span class=\"fc0 ls1d\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lestin T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen Gesellschaft m.b.H. (LESTIN) <span class=\"_ _179\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _1e\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity Lestin &amp; Co. T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen GmbH  in liquidation Passau <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _187\"> </span><span class=\"lscc\">LESTIN <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _59\"> </span>\u2013 <span class=\"_ _b8\"> </span>\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span>Murkraftwerk Graz Errichtungs- und BetriebsgmbH <span class=\"_ _59\"> </span><span class=\"fc4 ls2f\">Gra<span class=\"_ _43\"></span>z <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span>VHP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.10 % <span class=\"_ _185\"> </span></span><span class=\"fc0\">Graz <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span></span>VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">25.10 % </span></span></span>VERBUND T<span class=\"_ _14\"></span>ourismus GmbH <span class=\"_ _94\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % <span class=\"_ _218\"> </span><span class=\"fc0 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % Manara HPP Operation Ltd. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _219\"> </span><span class=\"fc0 ls59\">Tel-Aviv <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">80.00 %<span class=\"_ _333\"> </span></span></span></span></span>Seg<span class=\"_ _43\"></span>men<span class=\"_ _43\"></span>t: N<span class=\"_ _43\"></span>ew renewab<span class=\"_ _43\"></span>le<span class=\"_ _43\"></span>s <span class=\"_ _302\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _c2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1cb\"> </span><span class=\"fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND Wind P<span class=\"_ _92\"></span>ower A<span class=\"_ _92\"></span>ustria GmbH (VRP<span class=\"_ _92\"></span>-A<span class=\"_ _92\"></span>T) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland GmbH (VGP<span class=\"_ _92\"></span>-DE) W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VGP) <span class=\"_ _18e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _b\"> </span></span></span></span></span><span class=\"ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> I<span class=\"_ _63\"></span>b<span class=\"_ _63\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>a<span class=\"_ _43\"></span>,<span class=\"_ _63\"></span> S.L.U. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Wind P<span class=\"_ _92\"></span>ower Romania SRL Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Windpark Dichtelbach GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></span>Infrastruktur Oberheimbach I GmbH &amp; Co. KG W\u00f6rr- stadt CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>W\u00f6rr- stadt CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>Infrastrukturgesell- schaft Bischheim GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">65.29 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.60 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland Photovoltaik GmbH Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W<span class=\"_ _92\"></span>att Development SPV 5 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL1) Pinos Puente CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 6 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL2) Pinos Puente <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _17f\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 7 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL3) <span class=\"_ _10d\"> </span><span class=\"fc4\">Valencia <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span></span></span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>I<span class=\"_ _333\"> </span>nfraestructuras de Illora S.L. Barce-<span class=\"_ _333\"> </span>lona <span class=\"_ _8\"> </span>UC VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % <span class=\"_ _16\"> </span><span class=\"fc0 ls60 ws0\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % SOLA<span class=\"_ _92\"></span>VOL<span class=\"_ _14\"></span>T<span class=\"_ _92\"></span>A Energie- und Umwelttechnik GmbH Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ay<span class=\"_ _92\"></span>amonte S.L. <span class=\"_ _55\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _162\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _1d4\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _d4\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Lusitania Renovables S.L. <span class=\"_ _127\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Anselma Issuer<span class=\"_ _14\"></span>, S.A. (VGP<span class=\"_ _92\"></span>-IB-ANI) <span class=\"_ _69\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>opacio Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Catalpa Solar<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-CAS) <span class=\"_ _f1\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _92\"></span>, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _14\"></span>TES) <span class=\"_ _ba\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green P<span class=\"_ _92\"></span>ower<span class=\"_ _43\"></span> Ren<span class=\"_ _43\"></span>ewab<span class=\"_ _43\"></span>le Projects, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-GRP) <span class=\"_ _f1\"> </span><span class=\"fc4\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Sica Desarrollos Cuerva, S.L.U. <span class=\"_ _54\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ws0\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Los Navalmorales, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Albarreal, S.L.U. <span class=\"_ _16a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos T<span class=\"_ _14\"></span>otan\u00e9s, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SDC) <span class=\"_ _154\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span></span>CS VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span>\u00e9<span class=\"_ _81\"></span>s<span class=\"_ _63\"></span> Infraestructuras Comunes, S.L. <span class=\"_ _18d\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>SDC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">38.89 %<span class=\"_ _333\"> </span></span>Murcia Solar P<span class=\"_ _92\"></span>ark GmbH  (VGP<span class=\"_ _92\"></span>-IB-MUR) <span class=\"_ _123\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls1a\">Berlin <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baluma Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baviera Energy<span class=\"_ _80\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Blacky Energy<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-BLA) <span class=\"_ _e3\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Bolardo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Boyante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Braganza Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cairo Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Camareta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Carmesi Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cenida Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Comunidad de Bienes del Huerto Solar del Hinojar<span class=\"_ _14\"></span>, C.B. <span class=\"_ _2d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls2c\">Lorca <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>SVL <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">92.72 % </span>Cornamusa Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cruceta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cyopsa El Molino Energia Eolica, S.A.U. <span class=\"_ _1d8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>BLA <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Musas, S.L.U. <span class=\"_ _24c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _1f\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Ofion, S.L.U. (VGP<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>IB-ERO) <span class=\"_ _25\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Faballones Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Feanor Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Galadrien Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>Helice Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Imai Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _11b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Koe Ene<span class=\"_ _92\"></span>rgy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _66\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lima Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Miriel Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _4a\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Mosqueton Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Nairobi Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Natera Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Obenque Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orion Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _a5\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orla Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _3c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>anol Solar<span class=\"_ _92\"></span>, S.L. <span class=\"_ _127\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">51.00 % </span>P<span class=\"_ _92\"></span>enalara Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>erdiguero Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>eregrino Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>osets Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Radar Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Reclamo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rehala Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rotor Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sentina Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sextante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stopper Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stein V<span class=\"_ _92\"></span>on Liebig Balears I, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SVL) <span class=\"_ _128\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>MUR <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>T<span class=\"_ _333\"> </span><span class=\"_ _14\"></span>rufa Energy<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower V<span class=\"_ _14\"></span>alderrama,<span class=\"_ _333\"> </span> S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>AL) <span class=\"_ _112\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>V<span class=\"_ _92\"></span>olateo Solar<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zelanda Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zuncho Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower Albania<span class=\"_ _333\"> </span> Sh.p.k. <span class=\"_ _303\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16d\"> </span><span class=\"ls1d\">Tirana <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31\"><span class=\"ls1d\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>PV Invest Project 3<span class=\"_ _333\"> </span> S.R.L.  <span class=\"_ _2c0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _183\"> </span><span class=\"ls33\">Sternatia <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31 ws0\"><span class=\"ls33\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head-<span class=\"_ _333\"> </span></span><span class=\"ff2f fc4 ls1d\"> </span>quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> Head-<span class=\"_ _333\"> </span> quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> VERBUND AG<span class=\"_ _333\"> </span> (VH)\u2013  Sales activities <span class=\"_ _68\"> </span><span class=\"fc4 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ws0\"><span class=\"lscc\"><span class=\"ls31\"> </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc\"><span class=\"ls31\"> </span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> Germany GmbH <span class=\"_ _190\"> </span><span class=\"fc4 ls59 ws0\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls59 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> GmbH (VEB) <span class=\"_ _5b\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Customer<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span> GmbH (VEC) <span class=\"_ _59\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _177\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Flex G<span class=\"_ _92\"></span>mbH <span class=\"_ _17\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Future<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _46\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">74.90 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls37 ws36\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS EnBW<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls62\"><span class=\"ls2f\"> </span></span>SMA-<span class=\"_ _333\"> </span>TRICS <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span><span class=\"ls2f\"> </span>SMATRIC<span class=\"_ _333\"> </span>S GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>VERBUND T<span class=\"_ _14\"></span>rading<span class=\"_ _333\"> </span> Romania S.R.L.  in liquidation<span class=\"_ _333\"> </span> Bucha-<span class=\"_ _333\"> </span> rest <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span><span class=\"ls0\"> </span>VEB<span class=\"_ _333\"> </span> VH<span class=\"_ _333\"> </span> 99.00 %<span class=\"_ _333\"> </span> 1.00 %<span class=\"_ _333\"> </span> \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _14\"></span>rading Serbia d.o.o. -  u likvidaciji/ in liquidation Belgrade <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 E-Mobility Provider Austria GmbH<span class=\"_ _92\"></span> Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">74.90 % </span></span></span>smart Energy Services GmbH <span class=\"_ _1cd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span></span>Segment: Grid <span class=\"_ _305\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Austrian P<span class=\"_ _14\"></span>ower Grid AG (APG) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Gas Connect Austria GmbH (GC<span class=\"_ _92\"></span>A) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Austrian Gas Grid Management AG (AGGM<span class=\"_ _92\"></span>) <span class=\"_ _17d\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG) <span class=\"_ _126\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">15.53 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">15.53 % </span></span></span></span></span>AGCS Gas Clearing and Settlement A<span class=\"_ _92\"></span>G Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _1e8\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">23.13 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">23.13 % </span></span></span></span>ASGM Austrian Strategic Gas Storage Manage- ment GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _a8\"> </span><span class=\"ls31\">AGGM <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>OeMAG Abwicklungsstelle f\u00fcr \u00d6kostrom AG <span class=\"_ _190\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">24.40 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">24.40 % </span></span></span></span></span>VUM V<span class=\"_ _92\"></span>erfahren Umwelt Manage- ment GmbH Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Equigy B.<span class=\"_ _14\"></span>V<span class=\"_ _14\"></span>. Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">20.00 % </span></span></span>Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">20.00 %<span class=\"_ _333\"> </span></span></span></span>All other segments:<span class=\"_ _92\"></span> Thermal gener<span class=\"_ _92\"></span>ation <span class=\"_ _306\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH &amp; Co KG Neudorf ob Wildon CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2 <span class=\"_ _187\"> </span><span class=\"fc0 ls36\">Fernitz-<span class=\"_ _333\"> </span></span>Mellach CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH (VTP GmbH) Neudorf ob Wildon <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Fernitz-<span class=\"_ _333\"> </span>Mellach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>All other segments:<span class=\"_ _92\"></span> Services <span class=\"_ _307\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND Services GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>All other segments: Equity <span class=\"_ _92\"></span>interests <span class=\"_ _290\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company <span class=\"_ _60\"> </span><span class=\"ff2f fs8 fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 Equity interests<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>KELAG-K\u00e4rntner<span class=\"_ _92\"></span> Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktiengese<span class=\"_ _43\"></span>llschaft Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">35.17 % </span>Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">35.17 % </span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH &amp;  Co. KG Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 % </span></span></span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH <span class=\"_ _2c\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 %<span class=\"_ _333\"> </span></span></span></span></span>Other Group c<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>mpanies <span class=\"_ _308\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 All other activities<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>VERBUND Finanzierungs- service GmbH <span class=\"_ _5a\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND V<span class=\"_ _92\"></span>entures GmbH (VVE) \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>HalloSonne GmbH (HAS) <span class=\"_ _7a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span></span>VVE <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>HalloSonne PV Finanzierungs-<span class=\"_ _333\"> </span>Holding GmbH (HAF) <span class=\"_ _13a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _a8\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls106\">HAS <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>HalloSonne 1. PV V<span class=\"_ _92\"></span>ermietungs-<span class=\"_ _333\"> </span>GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls61\">HAF <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>CS = Conso<span class=\"_ _92\"></span>lidated subsidia<span class=\"_ _92\"></span>ry / EM = Investee<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>accounte<span class=\"_ _92\"></span>d for using <span class=\"ls54 ws56\">the equity method / JO = Jo<span class=\"_ _43\"></span>int operation, proportionate <span class=\"_ _43\"></span>inclus<span class=\"ls4d ws4f\">ion <span class=\"_ _43\"></span>of assets an<span class=\"_ _43\"></span>d liabiliti<span class=\"_ _43\"></span>es as well<span class=\"_ _43\"></span> as income<span class=\"_ _43\"></span> </span></span>and expenses / UC<span class=\"_ _43\"></span> = Unconsoli<span class=\"_ _43\"></span>dated entities du<span class=\"_ _43\"></span>e to immater<span class=\"_ _43\"></span>iality or lack <span class=\"_ _43\"></span>of significant in<span class=\"_ _43\"></span>fluence 1 joint ventu<span class=\"_ _43\"></span>res // 2 VERBUND Thermal Powe<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>GmbH holds an inte<span class=\"_ _92\"></span>rest of &lt; 0.01 % as a limited partner of VERBUND T<span class=\"_ _92\"></span>her<span class=\"_ _43\"></span>mal Power Gmb<span class=\"_ _92\"></span>H &amp; <span class=\"_ _43\"></span>Co KG<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-573": {
   "value": "2.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba ws962\">Discretionary judgements and ke<span class=\"_ _92\"></span>y assumptions  </span>concerning the future Prepar<span class=\"_ _92\"></span>ers of financial sta<span class=\"_ _92\"></span>tements are gr<span class=\"_ _92\"></span>anted various options in<span class=\"_ _92\"></span> connection with the applicatio<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>of IFRSs. F<span class=\"_ _92\"></span>or this r<span class=\"_ _92\"></span>eason, the mana<span class=\"_ _92\"></span>gement must m<span class=\"_ _92\"></span>ake <span class=\"ls67 ws707\">discretionary decisions as well as es<span class=\"_ _92\"></span>timates and </span>assumption<span class=\"_ _92\"></span>s regarding fut<span class=\"_ _92\"></span>ure developments tha<span class=\"_ _92\"></span>t can have a s<span class=\"_ _92\"></span>ignificant influence on<span class=\"_ _92\"></span> amounts shown in these consolidat<span class=\"_ _92\"></span>ed financial statements<span class=\"_ _92\"></span>. The amount<span class=\"_ _92\"></span><span class=\"ls78 ws18a\">s actually realised can differ from the amoun<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> </span>recognised based on the decisions an<span class=\"_ _92\"></span>d assumptions that wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> made<span class=\"_ _92\"></span>. Estimates and the underl<span class=\"_ _92\"></span>ying assumptions ar<span class=\"_ _92\"></span>e regularly reviewed and adj<span class=\"_ _92\"></span>usted if necessary<span class=\"_ _43\"></span>. The following discr<span class=\"_ _92\"></span>etionary decisions and assump<span class=\"lsc5 wsb01\">tions regarding the future have a significant </span>influence on the fin<span class=\"_ _92\"></span>ancial statements: Dis<span class=\"_ _43\"></span>cre<span class=\"_ _43\"></span>tio<span class=\"_ _43\"></span>nar<span class=\"_ _43\"></span>y d<span class=\"_ _43\"></span>eci<span class=\"_ _43\"></span>sio<span class=\"_ _43\"></span>ns<span class=\"_ _43\"></span> an<span class=\"_ _43\"></span>d as<span class=\"_ _43\"></span>sum<span class=\"_ _43\"></span>pti<span class=\"_ _43\"></span>on<span class=\"_ _43\"></span>s reg<span class=\"_ _43\"></span>ard<span class=\"_ _43\"></span>ing<span class=\"_ _43\"></span> th<span class=\"_ _43\"></span>e fu<span class=\"_ _43\"></span>tu<span class=\"_ _43\"></span>re <span class=\"_ _211\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Assessment of th<span class=\"_ _92\"></span>e terms of leases <span class=\"_ _212\"> </span><span class=\"ls1a ws1c\">Section 4.3 </span>Determination of the discount<span class=\"ls36 ws35\"> rate for impairment testing <span class=\"_ _213\"> </span>Section 4.4 </span>Determination of the e<span class=\"_ _92\"></span>xpected cash flows for impairment <span class=\"_ _92\"></span>testing of goodwill <span class=\"_ _148\"> </span><span class=\"ls1a ws1c\">Section 4.4.1 </span>Determination of the e<span class=\"_ _92\"></span>xpected cash flows for impairment <span class=\"_ _92\"></span>testing of power plan<span class=\"_ _92\"></span>ts <span class=\"_ _214\"> </span><span class=\"ls1a ws1c\">Section 4.4.2 </span>Determination of the discount rate for the m<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>asurement of pensions and <span class=\"_ _92\"></span> similar obligations as well as <span class=\"ls59 ws5a\">statutory termination benefits </span>Section 9.2 Determination of measurement par<span class=\"_ _92\"></span>ameters for other provisions <span class=\"_ _13c\"> </span><span class=\"ls1a ws1c\">Section 9.3 </span>Determination of the likelihood<span class=\"ls60 ws61\"> of contingent liabilities <span class=\"_ _c0\"> </span><span class=\"ls1a ws1c\">Section 13.1 </span></span>Evaluation of whether o<span class=\"_ _92\"></span>ther entities are co<span class=\"ls0 ws0\">ntrolled or jointly managed by VERBUND or  </span>whether VERBUND can e<span class=\"_ _92\"></span>xert a significant influence on ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her entity and/or <span class=\"_ _92\"></span> whether an entity represents a joint operation of VERBUND Section 13.4<span class=\"_ _333\"> </span>Determin<span class=\"_ _43\"></span>ation of the term of lease<span class=\"_ _43\"></span>s Determining the t<span class=\"_ _92\"></span>erm of a lease when a clear fixed term has no<span class=\"_ _92\"></span>t been agreed in advance can be fr<span class=\"_ _92\"></span>aught with measur<span class=\"_ _92\"></span>ement uncertainties<span class=\"_ _92\"></span>. All facts and circumstances <span class=\"_ _92\"></span>that repr<span class=\"_ _92\"></span>esent an economic incen<span class=\"_ _92\"></span>tive for the exercise of a renewal option and/or th<span class=\"_ _43\"></span>e non-exercise of a termination opt<span class=\"_ _43\"></span>ion are taken into account when determining the t<span class=\"_ _92\"></span>erm. For land<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>leases in particular<span class=\"_ _14\"></span>, cont<span class=\"_ _92\"></span>racts are freque<span class=\"_ _92\"></span>ntly concluded for as long as the leased power<span class=\"_ _92\"></span> plant or line is expected to contin<span class=\"_ _92\"></span>ue to function at its presen<span class=\"_ _92\"></span>t level or in the form of an indefinite lease<span class=\"_ _92\"></span>. In these cases, the pr<span class=\"_ _92\"></span>esumed dura<span class=\"ls76 ws7e\">tion<span class=\"_ _92\"></span> of the lease is oriented on the expect<span class=\"_ _92\"></span>ed useful </span>life of the po<span class=\"_ _92\"></span>wer plant or line<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span>Determination<span class=\"_ _92\"></span> of the discount ra<span class=\"_ _92\"></span>te The discount r<span class=\"_ _92\"></span>ate is an after-tax int<span class=\"_ _92\"></span>erest rate <span class=\"_ _92\"></span>that reflects cu<span class=\"_ _92\"></span>rrent mark<span class=\"_ _92\"></span>et estimates<span class=\"_ _92\"></span>, the time value of<span class=\"_ _92\"></span> money and the specific risks associa<span class=\"_ _92\"></span>ted with the asset (<span class=\"_ _92\"></span>or cash-generating unit<span class=\"_ _92\"></span>). The correspondin<span class=\"_ _92\"></span>g pre-<span class=\"_ _333\"> </span>tax inter<span class=\"_ _92\"></span>est rate is determined iter<span class=\"_ _92\"></span>atively.  The weighted a<span class=\"_ _92\"></span>verage c<span class=\"_ _92\"></span>apital costs (W<span class=\"_ _14\"></span>ACC) are applied to determi<span class=\"_ _92\"></span>ne recovera<span class=\"_ _92\"></span>ble amounts using net presen<span class=\"_ _92\"></span>t value methods. T<span class=\"_ _92\"></span>he weighting of the r<span class=\"_ _92\"></span>eturn on equity and the cost of de<span class=\"_ _92\"></span>bt was derived from an adequate peer gr<span class=\"_ _92\"></span>oup. T<span class=\"_ _92\"></span>he return on<span class=\"_ _92\"></span> equity is dete<span class=\"ls76 ws47d\">rmined from a refer<span class=\"_ _92\"></span>ence rat<span class=\"_ _92\"></span>e, market risk<span class=\"_ _92\"></span> premium </span>and beta factor using <span class=\"_ _92\"></span>the capital asset pricing model (CAPM). The co<span class=\"_ _92\"></span>st of debt before tax corr<span class=\"_ _92\"></span>esponds to the ret<span class=\"_ _92\"></span>urn on debt instruments tr<span class=\"_ _92\"></span>aded on the market <span class=\"ls75 wsa9d\">with a<span class=\"_ _92\"></span>n equivalent risk of default and matc<span class=\"_ _92\"></span>hing<span class=\"_ _43\"></span> </span>maturities<span class=\"_ _92\"></span>. Correspondin<span class=\"_ _92\"></span>g premiums are take<span class=\"_ _92\"></span>n into account in or<span class=\"_ _92\"></span>der to adequately depict coun<span class=\"_ _92\"></span>tr<span class=\"_ _43\"></span>y risks. In view of the v<span class=\"_ _92\"></span>olatile financial mar<span class=\"_ _92\"></span>ket environm<span class=\"_ _92\"></span>ent, the developmen<span class=\"_ _92\"></span>t of capital costs (and in particular country risk premiums) is un<span class=\"ls38 ws1a0\">der contin<span class=\"_ _92\"></span>uous<span class=\"_ _43\"></span> obser<span class=\"_ _43\"></span>vation<span class=\"_ _333\"> </span></span><span class=\"ls38 ws1a0\">.<span class=\"_ _333\"> </span></span>4.4.1 Impairment testin<span class=\"_ _92\"></span>g of goodwill<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Hy<span class=\"_ _92\"></span>dro segment <span class=\"_ _f6\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls21 ws22\">Average <span class=\"_ _92\"></span>expected generation of the </span>respective power plant<span class=\"_ _92\"></span>s Average expected generation of the respective power plants Price <span class=\"_ _209\"> </span><span class=\"fc4 ls1e ws63\">Internal price fore<span class=\"_ _92\"></span>casts and power  </span>plant-specific premiums or discounts  (for example, the <span class=\"_ _92\"></span>sale of guarantees of origin) Internal price forecasts and power  plant-specific premiums or discounts  (for example, the sale of guarantees of origin) Planning period<span class=\"_ _333\"> </span>1 <span class=\"_ _39\"> </span><span class=\"fc4 ls1c ws1d\">Detailed planning phase: up <span class=\"_ _92\"></span>to a maximum </span>of 6 years depending on the specific  power plant; rough plannin<span class=\"_ _92\"></span>g phase: up to  a maximum of 23 years depending on the specific power plant; <span class=\"ls149 wsb44\">subsequent termina<span class=\"_ _43\"></span>l </span>value phase following<span class=\"ls62 ws64\"> rough planni<span class=\"_ _92\"></span>ng  </span>phase depending on the s<span class=\"_ _92\"></span>pecific  power plant Detailed planning phase: up to a maximum of 6 years depending on the sp<span class=\"_ _92\"></span>ecific power plant; rough planning phase: up to a maximum of 32 years depending on the specific power plant; subsequent terminal value phase following rough planning phase depending on the specific  power plant Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4\">WACC: 4.00 % to 8.50 %  </span>depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>WACC: 5.75 % to 12.50 %  depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The planning peri<span class=\"_ _92\"></span>od was extended to 2060 due to the avai<span class=\"_ _92\"></span>lability of price curves.<span class=\"_ _92\"></span> // 2 The iterativel<span class=\"_ _43\"></span>y calcula<span class=\"_ _43\"></span>ted implicit pre-tax<span class=\"_ _43\"></span> interest r<span class=\"_ _43\"></span>ate was 6.43 %\u2013<span class=\"fsa ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls16c ws6d7\">13.79 % (previ<span class=\"_ _92\"></span>ous year: </span>4.82 %\u2013 <span class=\"fsc ls42 ws40\">9.37 %). //<span class=\"_ _92\"></span> </span>3 Management <span class=\"_ _43\"></span>believes th<span class=\"_ _43\"></span>e carrying a<span class=\"_ _43\"></span>mount of the<span class=\"_ _43\"></span> Hydro se<span class=\"_ _43\"></span>gment\u2019s assets<span class=\"_ _43\"></span> includin<span class=\"_ _43\"></span>g goodwill <span class=\"_ _43\"></span>will not exce<span class=\"_ _43\"></span>ed the r<span class=\"_ _43\"></span>ecoverable a<span class=\"_ _43\"></span>moun<span class=\"ls137 wsb46\">t as a r<span class=\"_ _43\"></span>esult of p<span class=\"_ _43\"></span>otential </span>changes in the key measurement assumptions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Sal<span class=\"_ _92\"></span>es segment <span class=\"_ _cf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All of VERBUND\u2019s sales activities  plus goodwill All of VERBUND\u2019s sales activities  plus goodwill Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls33 ws30\">Expected tr<span class=\"_ _92\"></span>ading and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Price <span class=\"_ _209\"> </span><span class=\"fc4 ls33 ws30\">Expected tradin<span class=\"_ _92\"></span>g and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1e ws1f\">Detailed planning phase of 6 years  </span>followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase of 6 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Expected trading and dis<span class=\"_ _92\"></span>tribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins Expected trading and distribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls59 ws5a\">WACC after taxes (4.00 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls5b ws5c\">4.25 %)<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _fd\"> </span><span class=\"ff2f fc0 ls33 ws91c\">WACC after taxes (5.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1aa wsb48\">6.25 %)<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 8<span class=\"_ _43\"></span>.46 % (previou<span class=\"_ _43\"></span>s year: 5<span class=\"_ _43\"></span>.60 %). // 2 Management bel<span class=\"_ _43\"></span>ieves the carryin<span class=\"_ _43\"></span>g amount of<span class=\"_ _43\"></span> the Sales segmen<span class=\"_ _43\"></span>t\u2019s assets including g<span class=\"_ _43\"></span>oodwill will n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recovera<span class=\"_ _43\"></span>ble amoun<span class=\"_ _43\"></span>t as a result<span class=\"_ _43\"></span> of potent<span class=\"_ _43\"></span>ial changes <span class=\"_ _43\"></span>in the key m<span class=\"_ _43\"></span>easuremen<span class=\"_ _43\"></span>t assumpti<span class=\"_ _43\"></span>ons<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for t<span class=\"_ _92\"></span>he Inn River pow<span class=\"_ _92\"></span>er plant group<span class=\"_ _92\"></span> <span class=\"_ _37\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that f<span class=\"_ _43\"></span>urther<span class=\"_ _43\"></span>more  each represent a <span class=\"_ _0\"></span>cash-generating u<span class=\"_ _0\"></span>nit,  plus goodwill and de<span class=\"ls61 ws62\">ferred tax accruals </span>Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that furthermore  each represent a cash-generating unit,  plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls60 ws61\">VERBUND Innkraftwerke GmbH budgets  </span>(based mainly on near-marke<span class=\"_ _92\"></span>t data) VERBUND Innkraftwerke GmbH budgets  (based mainly on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls46 ws45\">Annual output correspondin<span class=\"_ _92\"></span>g to the  </span>mean energy capability of 1,855 or 1,994 GWh (after conclusion of the T\u00f6ging modernisation proj<span class=\"_ _92\"></span>ect) Annual output corresponding to the  mean energy capability of 1,994 GWh  (after conclusion of the T\u00f6ging modernisation project) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration of the  water charges based on<span class=\"lsca ws25c\"> official notices; </span>estimate of the m<span class=\"_ _92\"></span>aintenance costs by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the  water charges based on offi<span class=\"_ _92\"></span>cial notices; estimate of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>2 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.00 %<span class=\"_ _333\"> </span></span>3 <span class=\"_ _288\"> </span><span class=\"ff2f fc0 ls46 ws2b\">WACC: 5.75 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The Inn River p<span class=\"_ _43\"></span>ower plant g<span class=\"_ _43\"></span>roup comprises<span class=\"_ _43\"></span> the followin<span class=\"_ _43\"></span>g run-of-river<span class=\"_ _43\"></span> power pla<span class=\"_ _43\"></span>nts: Aubach, Fe<span class=\"_ _43\"></span>ldkirchen, <span class=\"_ _43\"></span>Gars, Jettenbach<span class=\"_ _43\"></span> II, N<span class=\"ws9ee\">eu\u00f6ttin<span class=\"_ _43\"></span>g, Perach, Rosenh<span class=\"_ _43\"></span>eim, Stammh<span class=\"_ _43\"></span>am, </span>Teufelsbruc<span class=\"_ _43\"></span>k, T\u00f6ging, W<span class=\"_ _43\"></span>asserbur<span class=\"_ _43\"></span>g. // 2 The planning period wa<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>extended to 2060 due<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>o the availabili<span class=\"_ _92\"></span>ty <span class=\"_ _43\"></span>of price curves. //<span class=\"_ _92\"></span> 3 The iterat<span class=\"_ _43\"></span>ively calcu<span class=\"_ _43\"></span>lated implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest rate<span class=\"_ _43\"></span> was 7.71 % (previ<span class=\"_ _92\"></span>ous year: 4.82 %). // 4 Management believes the carrying amount of the Inn River power plant group\u2019s asse<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> including goodwill will not exceed the recoverable<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>mount as a result of po<span class=\"_ _92\"></span>tential <span class=\"ls1f5 wsaeb\">changes in the key <span class=\"_ _43\"></span>measurement assumptions<span class=\"_ _333\"> </span></span><span class=\"ls1f5 wsaeb\">.<span class=\"_ _333\"> </span></span>Impairment testing of good<span class=\"_ _92\"></span>will for the Grenzkraftw<span class=\"_ _92\"></span>erke po<span class=\"_ _92\"></span>wer plant group<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of th<span class=\"_ _92\"></span>e Grenzkraftwerke power plant gro<span class=\"_ _92\"></span>up<span class=\"_ _333\"> </span>2 that each represent a cash-g<span class=\"_ _92\"></span>enerating unit, plus goodwill and deferre<span class=\"ls1a ws256\">d tax accruals </span>Run-of-river power plants of the Grenzkraftwerke power plant group<span class=\"_ _333\"> </span>2 that each represent a cash-generating unit, plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws792\">Grenzkraftwerke Gm<span class=\"ls106 ws35e\">bH\u2019s budgets  </span></span>(based primarily on near-market data) Grenzkraftwerke GmbH\u2019s budgets  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls60 ws61\">Annual output correspondin<span class=\"_ _92\"></span>g to the mean </span>energy capability of 3,957 GWh Annual output corresponding to the mean energy capability of 3,957 or 4,007 GWh (after completing measures to increase efficiency at Ering-Frauenstein) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the water charges based on official notices; estimate of the maintenance co<span class=\"_ _92\"></span>sts by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the water charges based on off<span class=\"_ _92\"></span>ici<span class=\"ls46 ws2b\">al notices; estimate </span>of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>3 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls62 ws64\">Austria: WACC: 4.25 %<span class=\"_ _333\"> </span></span>4<span class=\"_ _333\"> </span>Germany: WACC: 4.00 % Austria: WACC: 6.25 %<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>Germany: WACC: 5.75 % Impairment loss  during the period<span class=\"_ _333\"> </span>5<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The following notes relate to the second step of the two-step <span class=\"ls4f ws51\">impairment test of the Gr<span class=\"_ _43\"></span>enzkraftwer<span class=\"_ _43\"></span>ke power plan<span class=\"_ _43\"></span>t group. The r<span class=\"_ _43\"></span>e<span class=\"ls4e ws50\">coverabil<span class=\"_ _43\"></span>ity of the in<span class=\"_ _43\"></span>dividual run<span class=\"_ _43\"></span>-of-river power<span class=\"_ _43\"></span> </span></span>plants was tested in the firs<span class=\"_ _43\"></span>t step. // 2 The Grenzkraftwerk<span class=\"_ _92\"></span>e <span class=\"_ _43\"></span>power plant gro<span class=\"_ _92\"></span>u<span class=\"_ _43\"></span>p comprises the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>following power pl<span class=\"_ _92\"></span>ants: Braunau-Simbach, Egglfing-Obe<span class=\"_ _92\"></span>rnberg, Ering-Frauens<span class=\"ls236 ws0\">tein, </span>Jochenstein, Nu\u00dfdorf, Oberaudorf-Ebbs, Passau-Ingling and<span class=\"_ _92\"></span> S<span class=\"_ _43\"></span>ch\u00e4rding-Neuhaus. // 3 The planning period wa<span class=\"_ _92\"></span>s extended to 2060 due to the availabili<span class=\"_ _92\"></span>ty of price curves. //  4 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 7<span class=\"_ _43\"></span>.98 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls238 wsb4f\">8.11 % (previous year: 5.<span class=\"_ _92\"></span>16 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls42 ws40\">5.24 %). // </span></span>5 According to management, the carrying amount of the Grenzkraftw<span class=\"_ _43\"></span>erke power <span class=\"_ _43\"></span>plant group\u2019s<span class=\"_ _43\"></span> assets (l<span class=\"_ _43\"></span>ess defer<span class=\"_ _43\"></span>red tax liabilit<span class=\"_ _43\"></span>ies) inc<span class=\"_ _43\"></span>luding goodw<span class=\"_ _43\"></span>ill does n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recoverable<span class=\"_ _43\"></span> a<span class=\"ls180 ws7db\">mount as a result of possible changes in key </span>measurement assumpt<span class=\"_ _43\"></span>ions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>I<span class=\"_ _333\"> </span>mpairment testing <span class=\"_ _92\"></span>of goodwill for Gas C<span class=\"_ _92\"></span>onnect Austria<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Group of  cash-generating units Gas Connect Austria GmbH (GCA),  Austrian Gas Grid Management AG (AGGM), Trans Au<span class=\"_ _92\"></span>stria Gasleitung GmbH (TAG), profit par<span class=\"_ _92\"></span>ticipation right with respect to material assets of TAG plus goodwill  less deferred tax accruals Gas Connect Austria GmbH (GCA), Austrian Gas Grid Management AG (AGGM), Trans Austria<span class=\"ls37 ws26\"> Gasleitung GmbH </span>(TAG), profit participation right with respect to material assets of TAG plus goodwill less deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal<span class=\"_ _92\"></span> </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls1ab ws813\">GCA budgets <span class=\"_ _92\"></span> </span>(based primarily on near mark<span class=\"_ _92\"></span>et data) GCA budgets  (based primarily on <span class=\"lsca\">near market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls9c ws190\">Cap<span class=\"_ _43\"></span>acity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariffs published by t<span class=\"_ _92\"></span>he regulator <span class=\"_ _276\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by the </span></span>regulator Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years; <span class=\"_ _92\"></span> </span>rough planning phase: 23 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 22 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac852.7m <span class=\"_ _11f\"> </span><span class=\"ff2f fc0 ls18\">\u20ac7<span class=\"_ _92\"></span>04.6m </span></span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">8.8m <span class=\"_ _1a5\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls9c\">39.3m </span></span></span>1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the tw<span class=\"_ _43\"></span>o-step im<span class=\"_ _43\"></span>pairment tes<span class=\"_ _43\"></span>t of the Gas<span class=\"_ _43\"></span> Connect A<span class=\"_ _43\"></span>ustria g<span class=\"_ _43\"></span>roup of cas<span class=\"_ _43\"></span>h-g<span class=\"ls239 wsb51\">enerating units. In<span class=\"_ _43\"></span> the first step,<span class=\"_ _43\"></span> the </span>recoverabilit<span class=\"_ _43\"></span>y of the<span class=\"_ _43\"></span> GCA unit<span class=\"_ _43\"></span>s including<span class=\"_ _43\"></span> AGGM and t<span class=\"_ _43\"></span>he investm<span class=\"_ _43\"></span>ent<span class=\"ls235 wsb4c\"> in Trans Austria Gasleitung GmbH (TAG) was tested. TAG\u2019s asse<span class=\"ls1b5 ws91d\">t participation<span class=\"_ _43\"></span> right was mea<span class=\"_ _43\"></span>sured at f<span class=\"_ _43\"></span>air </span></span>value in accordan<span class=\"_ _43\"></span>ce with IFRS 9. /<span class=\"_ _43\"></span>/ 2 An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognise<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>in the 2022 report<span class=\"_ _92\"></span><span class=\"ls3d ws3b\">ing period in the amount of \u20ac16.8m as at 30 June 2022.<span class=\"_ _92\"></span> As at </span>31 December 2022, the i<span class=\"_ _92\"></span>mpairment recognised during the year i<span class=\"_ _92\"></span>ncreased to \u20ac39.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2022   <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.1m </span>\u20ac+<span class=\"fsa\"> </span>9.9m Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2021 <span class=\"_ _158\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.7m </span>\u20ac+<span class=\"fsa\"> </span>10.6m<span class=\"_ _333\"> </span>Impairment testing of good<span class=\"_ _92\"></span>will for SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls61 ws62\">SMATRICS GmbH &amp; Co KG,  </span>full-service provider for  electromobility charging solutions SMATRICS GmbH &amp; Co KG,  full-service provider for  electromobility charging solutions Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _257\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls34 ws32\">SMATRICS GmbH &amp; Co KG budgets  </span>(based primarily on near-market data) SMATRICS GmbH &amp; Co KG  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls5d ws5e\">Electric vehicle ramp-up <span class=\"_ _289\"> </span></span><span class=\"ff2f ls2b ws1f\">Electric vehicle ramp-up </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls33 ws30\">Charging rates <span class=\"_ _5c\"> </span></span><span class=\"ff2f ls20 ws25\">Charging rates </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 9 years plu<span class=\"_ _92\"></span>s </span>subsequent terminal value phase Detailed planning phase: 8 years plus subsequent terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electric vehicle ramp-up, discount rate <span class=\"_ _4d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Electric vehicle ramp-up, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 10.00 % <span class=\"_ _12a\"> </span></span><span class=\"ff2f ls33 ws91c\">WACC: 12.25 % </span>Impairment loss  during the period \u2013 <span class=\"_ _13\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"_ _333\"> </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2022    <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span>12.25 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.7m </span>\u20ac+<span class=\"fsa\"> </span>2.1m Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2021  V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span><span class=\"ls37 ws36\">10.00 % <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.8m </span>\u20ac+<span class=\"fsa\"> </span>3.8m<span class=\"_ _333\"> </span>Impairment test of the goodwill of the Spanish r<span class=\"_ _92\"></span>enewables portfolio<span class=\"_ _333\"> </span>1  <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Photovoltaic portfolios with a capac<span class=\"_ _43\"></span>ity of <span class=\"ls5d ws2d\">82.1 MWp in operation (Anselma Issuer, S.A. </span>and Topacio Energy, S.L.U.), <span class=\"ls0 ws1b\">wind/photovoltaic portfolios wi<span class=\"ls24 ws95a\">th a capacity of 2,129 MW </span></span>in development (Tejo Solar, S.L.U., Catalp<span class=\"ls9c ws61\">a Solar, S.L.U. and VERBU<span class=\"_ _43\"></span>ND Green Power </span>Renewable Projects, S.L.U.) plus <span class=\"ls1a ws24\">goodwill less deferred tax items </span>Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ls2b ws1f\">Tariffs for existing plants; internal price forecast for proj<span class=\"ls61 ws20\">ec<span class=\"_ _43\"></span>ts, premium for additional </span></span>proceeds from the sale of guarantees of<span class=\"ls5b wsb52\"> origin (derived from quoted prices) </span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 17 years for ex<span class=\"ls62 ws90e\">isting projects and 29 years (PV) or </span>24 years (wind) for de<span class=\"_ _92\"></span><span class=\"ls2b wsb54\">velopment p<span class=\"_ _43\"></span>rojects </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac766.1m<span class=\"_ _92\"></span> </span>Impairment losses  during the period \u20ac\u2013<span class=\"fsa ls0\"> </span>94.2m 1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the two-s<span class=\"_ _43\"></span>tep impa<span class=\"_ _43\"></span>irment test<span class=\"_ _43\"></span> of the Spa<span class=\"_ _43\"></span>nish rene<span class=\"_ _43\"></span>wables portf<span class=\"_ _43\"></span>olio group<span class=\"_ _43\"></span> <span class=\"ls12c wsb55\">of cash-generating<span class=\"_ _43\"></span> units. In the f<span class=\"_ _43\"></span>irst step, the </span>recoverability o<span class=\"_ _43\"></span>f developmen<span class=\"_ _43\"></span>t projects was test<span class=\"_ _43\"></span>ed in accord<span class=\"_ _43\"></span>ance with IAS 3<span class=\"_ _43\"></span>6.10(a) while<span class=\"_ _43\"></span> the recoverab<span class=\"_ _43\"></span>ility of exist<span class=\"_ _43\"></span>ing projects<span class=\"ls233 wsb49\"> was t<span class=\"_ _43\"></span>ested if there was an<span class=\"_ _43\"></span>y indication<span class=\"_ _43\"></span> that they </span>might be impaired. // 2 The Spanish renewab<span class=\"_ _43\"></span>les portfolio can be brok<span class=\"_ _43\"></span>en down into the follow<span class=\"_ _43\"></span>ing portfolios<span class=\"_ _43\"></span>: Anselma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, Topacio <span class=\"lsce ws261\">Ener<span class=\"_ _43\"></span>gy, S.L.U. with 1<span class=\"_ _43\"></span>9 </span>CGUs, Tejo S<span class=\"_ _43\"></span>olar, S.L.U. wi<span class=\"_ _43\"></span>th 18 CGUs, Catal<span class=\"_ _43\"></span>pa Solar, S.L.U<span class=\"_ _43\"></span>. with 5 CGUs an<span class=\"_ _43\"></span>d VERBUND Gr<span class=\"_ _43\"></span>een Power Rene<span class=\"_ _43\"></span>wable Projects<span class=\"_ _43\"></span>, S.L.U. wit<span class=\"ls206 wsb57\">h 3 CGUs. //<span class=\"_ _92\"></span> </span>3 Since the return on the Anselma Issuer, <span class=\"_ _43\"></span>S.A. and T<span class=\"_ _43\"></span>opacio Energy, S.<span class=\"_ _43\"></span>L.U. portfoli<span class=\"_ _43\"></span>os is secure<span class=\"_ _43\"></span>d by tariff for<span class=\"_ _43\"></span> the next 15<span class=\"_ _43\"></span> to 18 years, f<span class=\"_ _43\"></span>ollowed by a p<span class=\"_ _43\"></span>eri<span class=\"ls39 ws37\">od of merchant marke<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ing, two WACCs were used<span class=\"_ _92\"></span> </span>for the valu<span class=\"_ _43\"></span>ation. The <span class=\"_ _43\"></span>implicit <span class=\"_ _43\"></span>pre-tax inter<span class=\"_ _43\"></span>est rate det<span class=\"_ _43\"></span>ermined thr<span class=\"_ _43\"></span>ough a pro<span class=\"_ _43\"></span>cess of iter<span class=\"_ _43\"></span>ation am<span class=\"_ _43\"></span>ounted to 7.<span class=\"_ _43\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">8.67 %<span class=\"_ _333\"> </span></span><span class=\"fsc ls42 ws40\">. </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish renew<span class=\"_ _92\"></span>ables portfolio 12/1/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _a4\"> </span>5.75 %/6.50 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac+<span class=\"fsa\"> </span>30.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">30.0m </span>Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _19d\"> </span>\u20ac47.5 per MWh <span class=\"_ _d5\"> </span>\u00b1 5 % \u20ac+<span class=\"fsa\"> </span>62.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">62.0m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\">.<span class=\"_ _333\"> </span></span>4.4.2 Impairment testin<span class=\"_ _92\"></span>g of pow<span class=\"_ _92\"></span>er plants Impairment test \u2013 Mellach combined<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>cycle gas turbine po<span class=\"_ _92\"></span>wer plant   <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls1f ws20\">Combined cycle gas turbine power plant <span class=\"_ _92\"></span> </span>(installed electrical capacity: 838 MW) Combined cycle gas turbine power plant  (installed electrical capacity: 838 MW) Indications of impairment Updated electricity and/or gas price forecasts and upd<span class=\"_ _92\"></span>ated discount rate Updated electricity and/or gas price forecasts and updated disc<span class=\"_ _43\"></span>ount rate Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 lsca ws25c\">VERBUND Thermal Power GmbH &amp; Co KG </span>budgets (based m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>inly on  near-market data) VERBUND Thermal Power GmbH &amp; Co KG budgets (based mainly on  near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls32 ws2e\">Optimisation mo<span class=\"_ _92\"></span>del with primary inputs: </span>installed capacity, <span class=\"ls74 ws68\">heat extractio<span class=\"_ _0\"></span>n </span>(maximum 400 MW) and efficiency at full capacity (58.8 %) Optimisation model with primary inputs: installed capacity, heat extraction (maximum 400 MW) and eff<span class=\"_ _92\"></span>iciency at full capacity (58.8 %<span class=\"_ _92\"></span>) Price<span class=\"_ _333\"> </span>1 <span class=\"_ _22c\"> </span><span class=\"fc4 ls34 ws387\">internal price forecasts; temporarily </span>expected revenue<span class=\"_ _92\"></span> from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent, redispatch and market use, including heat <span class=\"_ _92\"></span>extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of operat<span class=\"_ _92\"></span>ing, maintenance and downtime costs by<span class=\"_ _92\"></span> the responsible managers External price forecasts; temporarily expected revenue from the grid reserve, congestion management, redispatch and market use, including heat extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of<span class=\"_ _92\"></span> operating, maintenance and dow<span class=\"_ _92\"></span>ntime costs by the responsible managers Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1c ws1d\">Total capacity averaging around </span>100,000 equivalent operating hour<span class=\"_ _92\"></span>s or  until 2040 (dependent on earlier entry) Total capacity averaging around 100,000 equivalent op<span class=\"_ _92\"></span><span class=\"ls36 ws68\">erating hours or  </span>until 2040 (dependent on earlier entry) Ke<span class=\"_ _0\"></span>y measurement assumptions Discount rate, expected revenue fro<span class=\"_ _92\"></span>m the grid reserve, congestion manageme<span class=\"_ _92\"></span>nt and redispatch, devel<span class=\"_ _0\"></span>opment of clean spark spreads Discount rate, expected revenue from the grid reserve, congestion management and redispatch, development of clean spark spreads After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.25 % <span class=\"_ _1d3\"> </span></span><span class=\"ff2f ls60 ws813\">WACC: 6.25 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac109.9m <span class=\"_ _75\"> </span><span class=\"ff2f fc0 ls18\">\u20ac231.5m </span></span>Reversal of  impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>24.5m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac+<span class=\"fsa ls0\"> </span>126.0m </span>1 An average of the<span class=\"_ _43\"></span> price forecas<span class=\"_ _43\"></span>ts of the infor<span class=\"_ _43\"></span>mation service pr<span class=\"_ _43\"></span>oviders AFRY<span class=\"_ _43\"></span> and IHS was us<span class=\"_ _43\"></span>ed to determin<span class=\"_ _43\"></span>e the fair va<span class=\"_ _43\"></span>lue for r<span class=\"_ _43\"></span><span class=\"ls100 ws2fe\">eporting dates prior to 31 D<span class=\"_ _92\"></span>ecember 2022.  </span>Only the AFRY Cen<span class=\"_ _43\"></span>tral price scenar<span class=\"_ _43\"></span>io was used f<span class=\"_ _43\"></span>or the current rep<span class=\"_ _43\"></span>orting date due to<span class=\"_ _43\"></span> changes in the<span class=\"_ _43\"></span> energy market env<span class=\"_ _43\"></span>ironment. I<span class=\"ls4d ws4f\">f t<span class=\"_ _43\"></span>he prev<span class=\"_ _43\"></span>iously appli<span class=\"_ _43\"></span>e<span class=\"ls0 wsb59\">d average cost method </span></span>had been retained,<span class=\"_ _43\"></span> the recover<span class=\"_ _43\"></span>able amount <span class=\"_ _43\"></span>for the Mella<span class=\"_ _43\"></span>ch combined cyc<span class=\"_ _43\"></span>le gas tur<span class=\"_ _43\"></span>bine power plant<span class=\"_ _43\"></span> cash-generating u<span class=\"_ _43\"></span>nit as at 31 <span class=\"ls16c ws6d7\">December 2022 would have been \u20ac192.<span class=\"_ _92\"></span>6m.  </span>Thus, the reversal of<span class=\"_ _92\"></span> impairment losses would have been around \u20ac38.<span class=\"_ _92\"></span>9m lower. // 2 A reversa<span class=\"_ _43\"></span>l of impairm<span class=\"_ _43\"></span>ent losses<span class=\"_ _43\"></span> loss had a<span class=\"_ _43\"></span>lready bee<span class=\"_ _43\"></span>n recognis<span class=\"_ _43\"></span>ed in the r<span class=\"_ _43\"></span>eporting peri<span class=\"_ _43\"></span>od in the amount of \u20ac56.0m as at 30 June 2022.<span class=\"_ _92\"></span> The reversal of impairment losse<span class=\"_ _92\"></span>s recognised during the year increase<span class=\"_ _92\"></span>d to \u20ac126.0m as a<span class=\"ls42 ws40\">t 31 December 2022.<span class=\"_ _92\"></span> The increase in value in </span>the 2022 reporting p<span class=\"_ _92\"></span>eriod was reduced by the change in deferred<span class=\"_ _92\"></span> g<span class=\"_ _43\"></span>o<span class=\"ls231 wsb42\">vernment grants in the amo<span class=\"_ _92\"></span>unt <span class=\"_ _43\"></span>of \u20ac3.6m (previo<span class=\"_ _92\"></span>us <span class=\"_ _43\"></span>year: \u20ac0.7m<span class=\"_ _333\"> </span></span>Sensitivity analysis fo<span class=\"_ _92\"></span>r the Mellach co<span class=\"lsc4 ws2b2\">mbined cycle gas turbine po<span class=\"_ _92\"></span>wer plant 2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>3.1m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.0m </span>T<span class=\"_ _14\"></span>emporarily expected re<span class=\"_ _92\"></span>venue from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent and redispatch <span class=\"_ _280\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2 <span class=\"_ _117\"> </span><span class=\"ls1a ws1c\">\u00b1 10 % </span>\u20ac+<span class=\"fsa\"> </span>10.3m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">10.4m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 A disclosure of the val<span class=\"_ _92\"></span>ue assigned to the<span class=\"_ _43\"></span> temporarily<span class=\"_ _43\"></span> expected revenu<span class=\"_ _43\"></span>e from con<span class=\"_ _43\"></span>gestion manage<span class=\"_ _43\"></span>ment and redis<span class=\"_ _43\"></span>patch is omitt<span class=\"_ _43\"></span>ed because s<span class=\"_ _43\"></span>uch a disclosu<span class=\"_ _43\"></span>re cou<span class=\"ls12b wsabc\">ld h<span class=\"_ _43\"></span>arm VERBUN<span class=\"_ _43\"></span>D\u2019s positi<span class=\"_ _43\"></span>on in the </span>bidding proces<span class=\"_ _43\"></span>s. Sensitivity analysis f<span class=\"_ _92\"></span>or the Mellach comb<span class=\"ls7f ws23e\">ined cycle gas turbine po<span class=\"_ _92\"></span>wer plant 2021  </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">4.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">1.5m </span>\u20ac+<span class=\"fsa\"> </span>1.5m T<span class=\"_ _14\"></span>emporarily expected re<span class=\"_ _92\"></span>venue from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent and redispatch <span class=\"_ _194\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _f3\"> </span><span class=\"ls1a ws1c\">\u00b1 10 % </span></span>\u20ac+<span class=\"fsa\"> </span>33.9m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">33.9m<span class=\"_ _333\"> </span></span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13b ws7dc gs8a0\">Impairment testing of the Gr<span class=\"_ _92\"></span>atkorn pow<span class=\"_ _92\"></span>er plant on the Mur River  </div><div class=\"t m0 h5d ff2b fs8 fc0 sc0 ls17 ws0 gs8a1\">  <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws43 gs8a2\">Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"ff2f ls2b ws1f\">River power plant in the area of the Mur River (50 % owned by VERBUND Hydro </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gs8a3\">Power GmbH (VHP), 50 % owned<span class=\"_ _43\"></span> by Energie Steiermark Green Power GmbH)<span class=\"_ _43\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs8a4\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs8a5\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs8a6\">Value in use </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs8a7\">Indications of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8a8\">impairment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gs8a9\">Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8aa\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs8ab\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls2b ws1f\">VHP budgets (based primarily on near-market data) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs8ac\">V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls2b ws1f\">The annual output corresponding to th<span class=\"ls59 ws22\">e mean energ<span class=\"_ _43\"></span>y capability of 56 GWh  </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws31c gs8ad\">(for 100 % of the power plant) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs8ae\">Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Internal price forecasts; discounts for genera<span class=\"ls32 ws5a8\">tion characteristics and the hydrological </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs8af\">forecast and availability risk; premium fo<span class=\"ls5d ws2d\">r additional proceeds from the sale of </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls102 ws27 gs8b0\">guarantees of origin (derived from quoted pric<span class=\"ls1d ws35e\">es); e<span class=\"_ _43\"></span>stimate of the maintenance costs by </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs8b1\">the managers responsible </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8b2\">Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ls1a ws24\">Detailed planning phase: 6 years;  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs8b3\">rough planning phase: 32 years foll<span class=\"ls1d ws35e\">owed by a terminal value phase </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs8b4\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs8b5\">assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs8b6\">Electricity price, discount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs8b7\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.25 %<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs8b8\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs8b9\">Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac12.0m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs8ba\">Impairment losses  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws2a gs8bb\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs8bc\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2f fs8 fc0 sc0 ls0 ws0 gs8bd\">\u20ac<span class=\"ff2a\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls17\">10.4m </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs8be\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1b5 ws91d gs8bf\"> The implicit<span class=\"_ _43\"></span> pre-tax int<span class=\"_ _43\"></span>erest ra<span class=\"_ _43\"></span>te determine<span class=\"_ _43\"></span>d through a<span class=\"_ _43\"></span> process of <span class=\"_ _43\"></span>iteration a<span class=\"_ _43\"></span>mounted to 6<span class=\"_ _43\"></span>.43 %. // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs8c0\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls238 wsb4f gs8c1\"> An impairment loss ha<span class=\"_ _92\"></span>d already been recognised in<span class=\"_ _0\"></span> the reporting pe<span class=\"_ _92\"></span>riod in </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls184 ws814 gs8c2\">the amount of \u20ac12.9m a<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> at 30 June 2022. The impai<span class=\"_ _92\"></span>rment recognised during the year decrea<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>ed to \u20ac10.4m as at 31 Decem<span class=\"_ _92\"></span>ber 2022. <span class=\"ls52 ws54\">The impair<span class=\"_ _43\"></span>ment loss as<span class=\"_ _43\"></span> at 31<span class=\"_ _43\"></span> December </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1c9 wsa4d gs8c3\">2022 was reduced<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>by the \u20ac0.7m change i<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>deferred governme<span class=\"_ _92\"></span>nt grants<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls146 ws674 gs8c4\">Sensitivity analysis f<span class=\"_ _92\"></span>or the Gratk<span class=\"_ _92\"></span>orn <span class=\"lsea ws552\">power plant on the Mur River 31/1/2022<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gs8c5\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gs8c6\">V<span class=\"_ _92\"></span>alue assigned </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs8c7\">to the ke<span class=\"_ _92\"></span>y </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs8c8\">valuation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1f ws0 gs8c9\">assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs8ca\">Change in  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls23b wsb5a gs8cb\">key<span class=\"_ _43\"></span>  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs8cc\">valuation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws0 gs8cd\">assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs8ce\">Effects on the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs8cf\">carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gs8d0\">amounts of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls106 ws0 gs8d1\">assets </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs8d2\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8d3\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">0.7m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8d4\">\u20ac+<span class=\"fsa\"> </span>0.7m </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs8d5\">Electricity price<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs8d6\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8d7\"> <span class=\"_ _cb\"> </span><span class=\"ls34 ws32\">\u20ac86.3 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8d8\">\u20ac+<span class=\"fsa\"> </span>1.8m </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8d9\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">1.8m </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs8da\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 lsce ws261 gs8db\"> In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls55 ws57 gs8dc\">key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs8dd\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls205 wsb1a gs8de\"> The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls203 wsb16 gs8df\">relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\">.<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\"> </span></div>Impairment test Spa<span class=\"_ _0\"></span>nish ren<span class=\"_ _92\"></span>ewables portf<span class=\"_ _92\"></span>olio existing pr<span class=\"_ _92\"></span>ojects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>PV portfolios with a capacity of 82.1 MWp in operation  (Anselma Issuer, S.A. and Topacio Energy, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Tariffs for the next 15\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws1f\">18 years, followed <span class=\"_ _43\"></span>by internal price forecast </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 15 years for th<span class=\"lsca ws30\">e Anselma Issuer, S.A. portfolio and  </span>14 to 17 years for the Topacio Energy, S.L.U. portfolio. Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac393.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>49.7m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The existin<span class=\"_ _43\"></span>g projects can<span class=\"_ _43\"></span> be broken d<span class=\"_ _43\"></span>own into the f<span class=\"_ _43\"></span>ollowing port<span class=\"_ _43\"></span>folios: Ans<span class=\"_ _43\"></span>elma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, <span class=\"_ _43\"></span>Topacio Ener<span class=\"_ _43\"></span>gy, S.L.U. wit<span class=\"_ _43\"></span>h 19 CGUs. <span class=\"_ _43\"></span>// 3 Since the re<span class=\"_ _43\"></span>turn on the Ansel<span class=\"_ _43\"></span>ma Issuer, S.A.<span class=\"_ _43\"></span> and Topaci<span class=\"_ _43\"></span>o Energy, S.L.U<span class=\"_ _43\"></span>. portfol<span class=\"_ _43\"></span>ios is secur<span class=\"_ _43\"></span>ed by tariff for<span class=\"_ _43\"></span> the next 15 to 18 ye<span class=\"_ _92\"></span>ars, followed by a period of merc<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ant marketi<span class=\"_ _92\"></span>ng, two WACCs were used for the valuatio<span class=\"_ _92\"></span>n. The implicit pre-ta<span class=\"ls1d1 ws9ec\">x interest rate determined through a process <span class=\"_ _43\"></span>of </span>iteration amounted to 7.<span class=\"_ _92\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">7.51 %. // </span>4 The impairment as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31 December 2022 comp<span class=\"_ _92\"></span>rises the impairment of 9 CGUs in the Anselma Issuer,<span class=\"_ _92\"></span> <span class=\"ls39 wsb5c\">S.A. portfolio in the<span class=\"_ _92\"></span> amount o<span class=\"ls23e ws0\">f </span></span>\u20ac15.4m and 19 CG<span class=\"_ _92\"></span>Us <span class=\"_ _43\"></span>in the Topacio Ene<span class=\"_ _92\"></span>rgy, S.L.U. portfolio in the amount of<span class=\"_ _92\"></span> \u20ac34.2m.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the existing Span<span class=\"ls129 ws8df\">ish r<span class=\"_ _92\"></span>enewables portf<span class=\"_ _92\"></span>olio projects 31/12/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets 2<span class=\"_ _333\"> </span>Effects on the carrying amounts of assets 3<span class=\"_ _333\"> </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _193\"> </span><span class=\"ls20 ws21\">5.75 %/6.50 % <span class=\"_ _49\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span><span class=\"ls1a ws256\">1.5m  </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">1.5m  </span>\u20ac+<span class=\"fsa\"> </span>4.4m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">4.4m  </span>Electricity price<span class=\"_ _333\"> </span>4 <span class=\"_ _16b\"> </span><span class=\"ls34 ws32\">\u20ac47.5 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span><span class=\"ls1a ws256\">0.9m  </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">0.9m  </span>\u20ac+<span class=\"fsa\"> </span>1.8m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">1.8m  </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 Anselma Issuer, S.A. portfolio //<span class=\"_ _43\"></span> 3 Topacio En<span class=\"_ _43\"></span>ergy, S.L.U. p<span class=\"_ _43\"></span>ortfolio <span class=\"_ _43\"></span>// 4 The electrici<span class=\"_ _92\"></span>ty price shown relates to the year 2030. T<span class=\"_ _92\"></span>he sensitivity analysis va<span class=\"_ _92\"></span>ries the price of electricity ste<span class=\"_ _92\"></span>adily over t<span class=\"ls1b5 ws91d\">ime up to </span>the planning horizon<span class=\"_ _333\"> </span>Impairment test Spanis<span class=\"_ _92\"></span>h renewables p<span class=\"_ _92\"></span>ortfolio deve<span class=\"_ _92\"></span>lopment projects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Wind/PV portfolios with a cap<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>city of 2,129 <span class=\"ls2d ws90d\">MW u<span class=\"_ _92\"></span>nder development (Tejo Solar, S.L.U,  </span>Catalpa Solar, S.L.U. and VERBUN<span class=\"_ _43\"></span>D Green Power Renewable Projects<span class=\"_ _43\"></span>, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f lsca ws30\">Internal price forecast for pr<span class=\"ls0 ws1b\">ojects, premium for addi<span class=\"_ _43\"></span>tional proceeds from the sale of </span></span>guarantees of origin (derived from quoted prices) Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 29 year<span class=\"ls26 ws91b\">s (PV) or 24 years (wind) </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac373.1m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>2.0m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The devel<span class=\"_ _43\"></span>opment projects<span class=\"_ _43\"></span> can be br<span class=\"_ _43\"></span>oken down int<span class=\"_ _43\"></span>o the follow<span class=\"_ _43\"></span>ing portf<span class=\"_ _43\"></span>olios: Tejo Solar, S.L.U. with 18 CGUs, Catalpa Solar, S.L.U. with 5 CGUs and VERBUND Green P<span class=\"_ _43\"></span>ower Renewable Projects, S.L.U. with 3 CGUs. /<span class=\"ls241 ws0\">/ </span>3 The implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest r<span class=\"_ _43\"></span>ate determined through a process of iteration amounted to 8.57 %\u2013 <span class=\"fsc ls234 wsb4a\">8.67 %. // </span>4 The impairment as at 31 Dec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mber 2022 relates to<span class=\"_ _92\"></span> 2 <span class=\"_ _43\"></span>CGUs in the Tejo Sol<span class=\"_ _92\"></span>ar, S.L.U. portfolio.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish re<span class=\"_ _92\"></span>newables portf<span class=\"_ _92\"></span>olio develop<span class=\"_ _92\"></span>ment projects 31/12/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _19a\"> </span><span class=\"ff2f ls34 ws772\">Value assigned<span class=\"_ _0\"></span> </span>to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.50 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>2.6m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.6m </span>Electricity price<span class=\"_ _333\"> </span>3 <span class=\"_ _cb\"> </span><span class=\"ls34 ws32\">\u20ac47.5 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>4.2m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">4.2m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 Tejo Sola<span class=\"_ _92\"></span>r, S.L.U. portfolio //  3 The electrici<span class=\"_ _92\"></span>ty price shown relates to the year 2030.<span class=\"_ _92\"></span> The sensitivity analysis vari<span class=\"_ _92\"></span>es the price of electricit<span class=\"_ _92\"></span>y st<span class=\"_ _43\"></span>eadily over t<span class=\"_ _92\"></span><span class=\"ls243 wsb60\">ime up to t<span class=\"_ _92\"></span>he planni<span class=\"_ _92\"></span>ng horizo<span class=\"_ _92\"></span>n<span class=\"_ _333\"> </span></span><span class=\"ls243 wsb60\">.<span class=\"_ _333\"> </span></span>9.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 ws963\">P<span class=\"_ _14\"></span>ersonnel provisions<span class=\"_ _333\"> </span></span>Exist<span class=\"_ _43\"></span>ing provisions for pensions and similar obligations as we<span class=\"_ _43\"></span>ll as obligations from termination benefits (c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount as at 31 <span class=\"_ _14\"></span>De<span class=\"_ _43\"></span>cember 2022:<span class=\"fc9 ls0 ws0\"> <span class=\"_ _63\"></span></span>\u20ac493.9m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac693.6m) were measured based on assumptions an<span class=\"_ _92\"></span>d estimates as at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. The key factors of in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nce included the discoun<span class=\"_ _92\"></span>t rate<span class=\"_ _92\"></span>, the estimated r<span class=\"_ _92\"></span>etirement a<span class=\"_ _92\"></span>ge and the estimat<span class=\"_ _92\"></span>ed life expectancy as well as future incr<span class=\"_ _92\"></span>eases in salaries and pension be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span>:  Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span>T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span>(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2022 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2.38 % <span class=\"_ _6c\"> </span>2.49 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>5.17 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.76 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">4.81 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.79 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2022 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.18 % <span class=\"_ _6c\"> </span>3.35 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>6.81 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.18 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.71 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.56 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2022 <span class=\"_ _1cc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.75 % <span class=\"_ _6c\"> </span>1.80 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.48 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.00 % <span class=\"_ _6a\"> </span>0.00 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2021 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.10 % <span class=\"_ _6c\"> </span>3.27 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>6.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.01 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.54 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2021 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.94 % <span class=\"_ _6c\"> </span>4.20 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>8.35 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>7.46 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">7.00 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.66 %<span class=\"_ _333\"> </span></span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2021 Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.91 % <span class=\"_ _6c\"> </span>1.97 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.87 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.68 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.03 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>0.04 %<span class=\"_ _333\"> </span></span></span>Dismantling an<span class=\"_ _43\"></span>d decomm<span class=\"lscf ws2f4\">issioning obligations </span>Provisions are r<span class=\"_ _92\"></span>ecog<span class=\"_ _43\"></span>nised at the dis<span class=\"_ _43\"></span>counted settleme<span class=\"_ _43\"></span>nt amounts for obligations resulting from the dismantlin<span class=\"_ _92\"></span>g or decommissioning of power<span class=\"_ _92\"></span> plants in the r<span class=\"_ _92\"></span>eporting period in which they ar<span class=\"_ _92\"></span>e incurred; <span class=\"_ _80\"></span> at the sam<span class=\"_ _92\"></span>e time, the carrying amoun<span class=\"_ _92\"></span>ts for the power pl<span class=\"_ _92\"></span>ants are incr<span class=\"_ _92\"></span>eased as a general rule (see<span class=\"_ _92\"></span> section 4.2 Pr<span class=\"_ _92\"></span>operty, plant and equipmen<span class=\"_ _92\"></span>t). In subsequent periods<span class=\"_ _92\"></span>, the capitalised cos<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s for disman<span class=\"_ _92\"></span>tling or decommissioni<span class=\"_ _92\"></span>ng are depreciated o<span class=\"_ _92\"></span>ver the (remainin<span class=\"_ _92\"></span>g) useful life of the plants; inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st is accrued annually.  The pro<span class=\"_ _92\"></span>visions are measur<span class=\"_ _92\"></span>ed at the reportin<span class=\"_ _92\"></span>g date on the basis of ass<span class=\"_ _92\"></span>umptions and estimates<span class=\"_ _92\"></span>. The key factors of influen<span class=\"_ _92\"></span>ce were the expected disma<span class=\"_ _92\"></span>ntling dates, an<span class=\"_ _92\"></span>y possible expert reports t<span class=\"_ _92\"></span>o ascertain the dismantlin<span class=\"_ _92\"></span>g and decontamination costs o<span class=\"_ _92\"></span>r proceeds from the sal<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> of scrap<span class=\"_ _14\"></span>, the valorisation of these costs and the discount ra<span class=\"_ _92\"></span>te of 2.00 %\u2013 <span class=\"fs2 ws2ac\">8.23 % (previous year: 0.25 %\u2013</span> <span class=\"fs2 ls82 ws249\">5.43 %)<span class=\"_ _333\"> </span></span><span class=\"fs2 ls82 ws249\">.<span class=\"_ _333\"> </span></span>Contingen<span class=\"_ _92\"></span>t liabilities not recogn<span class=\"_ _92\"></span>ised in VERBUND\u2019<span class=\"_ _14\"></span>s balance sheet are as<span class=\"_ _92\"></span>sessed quarterly with respect to<span class=\"_ _92\"></span> their prob<span class=\"_ _92\"></span>ability of occurrence<span class=\"_ _92\"></span>. The assessmen<span class=\"_ _92\"></span>t is carried out by the m<span class=\"_ _92\"></span>anagers r<span class=\"_ _0\"></span>esponsible<span class=\"_ _92\"></span>, taking account of m<span class=\"_ _92\"></span>arket-related inp<span class=\"_ _92\"></span>uts (to the extent pos<span class=\"_ _92\"></span>sible) and expert opinions (in individual cases).<span class=\"_ _333\"> </span>The following list of Group<span class=\"_ _92\"></span> compan<span class=\"ls64 ws3fb\">ies prepared in accor<span class=\"_ _92\"></span>dance with <span class=\"ls96 ws631\">Section 245a(1) in conjunction with </span></span>Section 265(2) <span class=\"_ _2fe\"> </span>Austrian <span class=\"_ _83\"> </span>Commercial<span class=\"ls26 ws19d\"> Code (UGB) comprises VERBUND\u2019<span class=\"_ _14\"></span><span class=\"lsa2 ws76e\">s subsidiaries<span class=\"_ _92\"></span>, joint ventures </span></span>and associates<span class=\"_ _92\"></span>. In addition, this list also in<span class=\"_ _92\"></span>cludes unconsolidated subsidiaries and other jo<span class=\"_ _92\"></span>int venture<span class=\"_ _92\"></span>s and equity inter<span class=\"_ _92\"></span>ests of VERBUND not accounted for<span class=\"_ _92\"></span> using the equity method with an inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st of \u2265 20<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND AG  (VH) \u2013 Hydro <span class=\"_ _50\"> </span><span class=\"fc4 ls1ab ws0\">Wien <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _4f\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span></span></span></span>Innwerk AG  (VHP<span class=\"_ _14\"></span>-IW) Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>VERBUND Hydro Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VHP) <span class=\"_ _58\"> </span><span class=\"fc4 ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">80.54 % <span class=\"_ _1e\"> </span></span></span></span></span><span class=\"ls62\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.54 % </span></span></span></span>VERBUND Innkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _1d4\"> </span><span class=\"fc4 ls37\">T\u00f6ging <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span></span></span><span class=\"ws36\">70.27 % <span class=\"_ _218\"> </span></span><span class=\"fc0\">T\u00f6ging <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span></span></span><span class=\"ws36\">70.27 % </span></span></span>Donaukraftwerk Jochenstein Aktiengese<span class=\"_ _43\"></span>llschaft Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Grenzkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _16e\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % \u00d6sterreichisch-<span class=\"_ _333\"> </span>Bay<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rische Kraftwerk<span class=\"_ _92\"></span>e Aktiengese<span class=\"_ _43\"></span>llschaft <span class=\"_ _216\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % Ennskraftwerke Aktiengese<span class=\"_ _43\"></span>llschaft Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _94\"> </span></span></span></span><span class=\"fc0\">Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH &amp; Co KG <span class=\"_ _bd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH <span class=\"_ _7\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Ashta Beteiligungs-<span class=\"_ _333\"> </span>verwaltung GmbH  (VHP<span class=\"_ _92\"></span>-AL<span class=\"_ _14\"></span>-HII) Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">50.01 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">50.01 % </span></span>Energji Ashta Shpk  <span class=\"_ _187\"> </span><span class=\"fc4 ls1d ws0\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span><span class=\"fc0 ls1d\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lestin T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen Gesellschaft m.b.H. (LESTIN) <span class=\"_ _179\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _1e\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity Lestin &amp; Co. T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen GmbH  in liquidation Passau <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _187\"> </span><span class=\"lscc\">LESTIN <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _59\"> </span>\u2013 <span class=\"_ _b8\"> </span>\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span>Murkraftwerk Graz Errichtungs- und BetriebsgmbH <span class=\"_ _59\"> </span><span class=\"fc4 ls2f\">Gra<span class=\"_ _43\"></span>z <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span>VHP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.10 % <span class=\"_ _185\"> </span></span><span class=\"fc0\">Graz <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span></span>VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">25.10 % </span></span></span>VERBUND T<span class=\"_ _14\"></span>ourismus GmbH <span class=\"_ _94\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % <span class=\"_ _218\"> </span><span class=\"fc0 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % Manara HPP Operation Ltd. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _219\"> </span><span class=\"fc0 ls59\">Tel-Aviv <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">80.00 %<span class=\"_ _333\"> </span></span></span></span></span>Seg<span class=\"_ _43\"></span>men<span class=\"_ _43\"></span>t: N<span class=\"_ _43\"></span>ew renewab<span class=\"_ _43\"></span>le<span class=\"_ _43\"></span>s <span class=\"_ _302\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _c2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1cb\"> </span><span class=\"fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND Wind P<span class=\"_ _92\"></span>ower A<span class=\"_ _92\"></span>ustria GmbH (VRP<span class=\"_ _92\"></span>-A<span class=\"_ _92\"></span>T) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland GmbH (VGP<span class=\"_ _92\"></span>-DE) W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VGP) <span class=\"_ _18e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _b\"> </span></span></span></span></span><span class=\"ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> I<span class=\"_ _63\"></span>b<span class=\"_ _63\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>a<span class=\"_ _43\"></span>,<span class=\"_ _63\"></span> S.L.U. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Wind P<span class=\"_ _92\"></span>ower Romania SRL Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Windpark Dichtelbach GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></span>Infrastruktur Oberheimbach I GmbH &amp; Co. KG W\u00f6rr- stadt CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>W\u00f6rr- stadt CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>Infrastrukturgesell- schaft Bischheim GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">65.29 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.60 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland Photovoltaik GmbH Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W<span class=\"_ _92\"></span>att Development SPV 5 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL1) Pinos Puente CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 6 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL2) Pinos Puente <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _17f\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 7 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL3) <span class=\"_ _10d\"> </span><span class=\"fc4\">Valencia <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span></span></span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>nfraestructuras de Illora S.L. Barce-<span class=\"_ _333\"> </span>lona <span class=\"_ _8\"> </span>UC VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % <span class=\"_ _16\"> </span><span class=\"fc0 ls60 ws0\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % SOLA<span class=\"_ _92\"></span>VOL<span class=\"_ _14\"></span>T<span class=\"_ _92\"></span>A Energie- und Umwelttechnik GmbH Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ay<span class=\"_ _92\"></span>amonte S.L. <span class=\"_ _55\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _162\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _1d4\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _d4\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Lusitania Renovables S.L. <span class=\"_ _127\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Anselma Issuer<span class=\"_ _14\"></span>, S.A. (VGP<span class=\"_ _92\"></span>-IB-ANI) <span class=\"_ _69\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>opacio Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Catalpa Solar<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-CAS) <span class=\"_ _f1\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _92\"></span>, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _14\"></span>TES) <span class=\"_ _ba\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green P<span class=\"_ _92\"></span>ower<span class=\"_ _43\"></span> Ren<span class=\"_ _43\"></span>ewab<span class=\"_ _43\"></span>le Projects, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-GRP) <span class=\"_ _f1\"> </span><span class=\"fc4\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Sica Desarrollos Cuerva, S.L.U. <span class=\"_ _54\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ws0\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Los Navalmorales, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Albarreal, S.L.U. <span class=\"_ _16a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos T<span class=\"_ _14\"></span>otan\u00e9s, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SDC) <span class=\"_ _154\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span></span>CS VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span>\u00e9<span class=\"_ _81\"></span>s<span class=\"_ _63\"></span> Infraestructuras Comunes, S.L. <span class=\"_ _18d\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>SDC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">38.89 %<span class=\"_ _333\"> </span></span>Murcia Solar P<span class=\"_ _92\"></span>ark GmbH  (VGP<span class=\"_ _92\"></span>-IB-MUR) <span class=\"_ _123\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls1a\">Berlin <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baluma Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baviera Energy<span class=\"_ _80\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Blacky Energy<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-BLA) <span class=\"_ _e3\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Bolardo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Boyante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Braganza Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cairo Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Camareta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Carmesi Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cenida Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Comunidad de Bienes del Huerto Solar del Hinojar<span class=\"_ _14\"></span>, C.B. <span class=\"_ _2d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls2c\">Lorca <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>SVL <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">92.72 % </span>Cornamusa Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cruceta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cyopsa El Molino Energia Eolica, S.A.U. <span class=\"_ _1d8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>BLA <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Musas, S.L.U. <span class=\"_ _24c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _1f\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Ofion, S.L.U. (VGP<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>IB-ERO) <span class=\"_ _25\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Faballones Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Feanor Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Galadrien Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>Helice Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Imai Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _11b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Koe Ene<span class=\"_ _92\"></span>rgy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _66\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lima Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Miriel Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _4a\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Mosqueton Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Nairobi Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Natera Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Obenque Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orion Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _a5\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orla Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _3c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>anol Solar<span class=\"_ _92\"></span>, S.L. <span class=\"_ _127\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">51.00 % </span>P<span class=\"_ _92\"></span>enalara Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>erdiguero Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>eregrino Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>osets Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Radar Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Reclamo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rehala Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rotor Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sentina Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sextante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stopper Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stein V<span class=\"_ _92\"></span>on Liebig Balears I, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SVL) <span class=\"_ _128\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>MUR <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>T<span class=\"_ _333\"> </span><span class=\"_ _14\"></span>rufa Energy<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower V<span class=\"_ _14\"></span>alderrama,<span class=\"_ _333\"> </span> S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>AL) <span class=\"_ _112\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>V<span class=\"_ _92\"></span>olateo Solar<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zelanda Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zuncho Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower Albania<span class=\"_ _333\"> </span> Sh.p.k. <span class=\"_ _303\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16d\"> </span><span class=\"ls1d\">Tirana <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31\"><span class=\"ls1d\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>PV Invest Project 3<span class=\"_ _333\"> </span> S.R.L.  <span class=\"_ _2c0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _183\"> </span><span class=\"ls33\">Sternatia <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31 ws0\"><span class=\"ls33\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head-<span class=\"_ _333\"> </span></span><span class=\"ff2f fc4 ls1d\"> </span>quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> Head-<span class=\"_ _333\"> </span> quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> VERBUND AG<span class=\"_ _333\"> </span> (VH)\u2013  Sales activities <span class=\"_ _68\"> </span><span class=\"fc4 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ws0\"><span class=\"lscc\"><span class=\"ls31\"> </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc\"><span class=\"ls31\"> </span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> Germany GmbH <span class=\"_ _190\"> </span><span class=\"fc4 ls59 ws0\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls59 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> GmbH (VEB) <span class=\"_ _5b\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Customer<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span> GmbH (VEC) <span class=\"_ _59\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _177\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Flex G<span class=\"_ _92\"></span>mbH <span class=\"_ _17\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Future<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _46\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">74.90 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls37 ws36\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS EnBW<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls62\"><span class=\"ls2f\"> </span></span>SMA-<span class=\"_ _333\"> </span>TRICS <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span><span class=\"ls2f\"> </span>SMATRIC<span class=\"_ _333\"> </span>S GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>VERBUND T<span class=\"_ _14\"></span>rading<span class=\"_ _333\"> </span> Romania S.R.L.  in liquidation<span class=\"_ _333\"> </span> Bucha-<span class=\"_ _333\"> </span> rest <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span><span class=\"ls0\"> </span>VEB<span class=\"_ _333\"> </span> VH<span class=\"_ _333\"> </span> 99.00 %<span class=\"_ _333\"> </span> 1.00 %<span class=\"_ _333\"> </span> \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _14\"></span>rading Serbia d.o.o. -  u likvidaciji/ in liquidation Belgrade <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 E-Mobility Provider Austria GmbH<span class=\"_ _92\"></span> Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">74.90 % </span></span></span>smart Energy Services GmbH <span class=\"_ _1cd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span></span>Segment: Grid <span class=\"_ _305\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Austrian P<span class=\"_ _14\"></span>ower Grid AG (APG) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Gas Connect Austria GmbH (GC<span class=\"_ _92\"></span>A) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Austrian Gas Grid Management AG (AGGM<span class=\"_ _92\"></span>) <span class=\"_ _17d\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG) <span class=\"_ _126\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">15.53 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">15.53 % </span></span></span></span></span>AGCS Gas Clearing and Settlement A<span class=\"_ _92\"></span>G Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _1e8\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">23.13 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">23.13 % </span></span></span></span>ASGM Austrian Strategic Gas Storage Manage- ment GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _a8\"> </span><span class=\"ls31\">AGGM <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>OeMAG Abwicklungsstelle f\u00fcr \u00d6kostrom AG <span class=\"_ _190\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">24.40 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">24.40 % </span></span></span></span></span>VUM V<span class=\"_ _92\"></span>erfahren Umwelt Manage- ment GmbH Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Equigy B.<span class=\"_ _14\"></span>V<span class=\"_ _14\"></span>. Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">20.00 % </span></span></span>Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">20.00 %<span class=\"_ _333\"> </span></span></span></span>All other segments:<span class=\"_ _92\"></span> Thermal gener<span class=\"_ _92\"></span>ation <span class=\"_ _306\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH &amp; Co KG Neudorf ob Wildon CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2 <span class=\"_ _187\"> </span><span class=\"fc0 ls36\">Fernitz-<span class=\"_ _333\"> </span></span>Mellach CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH (VTP GmbH) Neudorf ob Wildon <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Fernitz-<span class=\"_ _333\"> </span>Mellach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>All other segments:<span class=\"_ _92\"></span> Services <span class=\"_ _307\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND Services GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>All other segments: Equity <span class=\"_ _92\"></span>interests <span class=\"_ _290\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company <span class=\"_ _60\"> </span><span class=\"ff2f fs8 fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 Equity interests<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>KELAG-K\u00e4rntner<span class=\"_ _92\"></span> Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktiengese<span class=\"_ _43\"></span>llschaft Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">35.17 % </span>Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">35.17 % </span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH &amp;  Co. KG Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 % </span></span></span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH <span class=\"_ _2c\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 %<span class=\"_ _333\"> </span></span></span></span></span>Other Group c<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>mpanies <span class=\"_ _308\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 All other activities<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>VERBUND Finanzierungs- service GmbH <span class=\"_ _5a\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND V<span class=\"_ _92\"></span>entures GmbH (VVE) \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>HalloSonne GmbH (HAS) <span class=\"_ _7a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span></span>VVE <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>HalloSonne PV Finanzierungs-<span class=\"_ _333\"> </span>Holding GmbH (HAF) <span class=\"_ _13a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _a8\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls106\">HAS <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>HalloSonne 1. PV V<span class=\"_ _92\"></span>ermietungs-<span class=\"_ _333\"> </span>GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls61\">HAF <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>CS = Conso<span class=\"_ _92\"></span>lidated subsidia<span class=\"_ _92\"></span>ry / EM = Investee<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>accounte<span class=\"_ _92\"></span>d for using <span class=\"ls54 ws56\">the equity method / JO = Jo<span class=\"_ _43\"></span>int operation, proportionate <span class=\"_ _43\"></span>inclus<span class=\"ls4d ws4f\">ion <span class=\"_ _43\"></span>of assets an<span class=\"_ _43\"></span>d liabiliti<span class=\"_ _43\"></span>es as well<span class=\"_ _43\"></span> as income<span class=\"_ _43\"></span> </span></span>and expenses / UC<span class=\"_ _43\"></span> = Unconsoli<span class=\"_ _43\"></span>dated entities du<span class=\"_ _43\"></span>e to immater<span class=\"_ _43\"></span>iality or lack <span class=\"_ _43\"></span>of significant in<span class=\"_ _43\"></span>fluence 1 joint ventu<span class=\"_ _43\"></span>res // 2 VERBUND Thermal Powe<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>GmbH holds an inte<span class=\"_ _92\"></span>rest of &lt; 0.01 % as a limited partner of VERBUND T<span class=\"_ _92\"></span>her<span class=\"_ _43\"></span>mal Power Gmb<span class=\"_ _92\"></span>H &amp; <span class=\"_ _43\"></span>Co KG<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-20": {
   "value": "3.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsc6 ws250\">P<span class=\"_ _14\"></span>erformance in the financial year </span>3.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls120 ws6d1\">Segment reporting</span><span class=\"ls120 ws6d1\"> </span>In accord<span class=\"_ _92\"></span>ance with S<span class=\"_ _43\"></span>ection <span class=\"_ _87\"></span>8(3) of the Austri<span class=\"_ _92\"></span>an<span class=\"ls67 ws646\"> Electricity Industry and Organisatio<span class=\"_ _92\"></span>n Act (ElWOG), </span>integra<span class=\"_ _92\"></span>ted electricity companies must publis<span class=\"_ _92\"></span>h separate balance shee<span class=\"_ _92\"></span>ts and income statements fo<span class=\"_ _92\"></span>r electricity genera<span class=\"_ _92\"></span>tion, electricity trading and supply <span class=\"ls83 ws477\">activitie<span class=\"_ _92\"></span>s, transmission ac<span class=\"ls64 ws655\">tivities and dis<span class=\"_ _92\"></span>tribution </span></span>activities. H<span class=\"_ _92\"></span>owever<span class=\"_ _14\"></span>, in accor<span class=\"_ _92\"></span>dance with IFRS 8, VE<span class=\"ls6f ws48c\">RB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s segment r<span class=\"_ _92\"></span>eporting is to be orien<span class=\"_ _92\"></span>ted towards </span>intern<span class=\"_ _92\"></span>al management and r<span class=\"_ _92\"></span>eporting (manage<span class=\"_ _92\"></span>ment approach). Ther<span class=\"_ _92\"></span>efore the defin<span class=\"_ _92\"></span>ition of the operating segments an<span class=\"_ _92\"></span>d the contents of th<span class=\"_ _92\"></span>e report corr<span class=\"_ _92\"></span>esponds to the structur<span class=\"_ _92\"></span>e of inter<span class=\"_ _92\"></span>nal reporting to<span class=\"_ _92\"></span> the Executive Board as t<span class=\"_ _92\"></span>he primar<span class=\"_ _43\"></span>y decision-maker:  Definition of operating segments Hydro <span class=\"_ _7d\"> </span><span class=\"ff2a ws853\">Hydropower generatio<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>technology </span>New renew<span class=\"_ _92\"></span>ables<span class=\"_ _43\"></span> <span class=\"_ _1b\"> </span><span class=\"ff2a ls25 ws25\">Wind and photovoltaic genera<span class=\"_ _92\"></span>tion technologies </span>Sales <span class=\"_ _19d\"> </span><span class=\"ff2a ls2d ws2a\">Trading and <span class=\"_ _43\"></span>sales activities </span>Grid <span class=\"_ _10\"> </span><span class=\"ff2a ls1f ws20\">Activities of Austrian Power Grid AG<span class=\"_ _92\"></span> (APG), Gas Connect Austria GmbH </span>(GCA) and Austri<span class=\"_ _92\"></span>an Gas Gr<span class=\"ls5e ws5f\">id Manageme<span class=\"_ _43\"></span>nt AG (AGGM) </span>All other segments <span class=\"_ _20a\"> </span><span class=\"ff2a ws0\">  </span>Thermal generati<span class=\"_ _92\"></span>on <span class=\"_ _b5\"> </span><span class=\"ff2a ls46 ws45\">Electricity and thermal generation <span class=\"ls5d ws5e\">of VERBUND Thermal Power GmbH &amp;  </span></span>Co KG from natural gas Services <span class=\"_ _4e\"> </span><span class=\"ff2a ls62 ws64\">Business activities of VERBUND Services GmbH </span>Equity interests <span class=\"_ _79\"> </span><span class=\"ff2a ls30 ws255\">Equity interest in KELAG-K\u00e4rntner Elektrizit\u00e4ts-Aktien<span class=\"_ _92\"></span>gesellschaft (KELAG) </span>Segments th<span class=\"_ _92\"></span>at do not exceed the qu<span class=\"_ _92\"></span>antitative thr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span><span class=\"lsa3 ws1dc\">sholds ar<span class=\"_ _92\"></span>e summarised in the Al<span class=\"_ _92\"></span>l other segments </span>category. The Reconcil<span class=\"_ _92\"></span>iation/consolidation column includes the ac<span class=\"_ _92\"></span>tivities of VERBUND <span class=\"_ _8a\"></span>AG and VERBUND Fin<span class=\"_ _92\"></span>anzierungsservice GmbH as well as unconsolidated equity in<span class=\"_ _92\"></span>terests that ha<span class=\"_ _92\"></span>ve not been allocated t<span class=\"_ _92\"></span>o a se<span class=\"_ _43\"></span>gment and consolida<span class=\"_ _92\"></span>tions which must be carried out at Gr<span class=\"_ _92\"></span>oup level. The follo<span class=\"_ _92\"></span>wing key performance indicato<span class=\"_ _92\"></span>rs are report<span class=\"_ _92\"></span>ed for the control an<span class=\"_ _92\"></span>d management of<span class=\"_ _92\"></span> the operatin<span class=\"_ _92\"></span>g segments: K<span class=\"_ _92\"></span>ey performance indicator<span class=\"_ _92\"></span>s \u2013 segment reporting <span class=\"_ _215\"> </span><span class=\"ff2f fs8 ls31 ws0\">  </span>EBITDA <span class=\"_ _1ac\"> </span><span class=\"ff2a ls30 ws2d\">Internal measurement of <span class=\"_ _92\"></span>the performance of each operating segm<span class=\"_ _92\"></span>ent. </span>Transactions between operating segm<span class=\"_ _92\"></span>en<span class=\"ls2d ws33\">ts are carried out at arm's length. </span>Result from interests accounted for using the equity method Assessment of th<span class=\"_ _92\"></span>e Equity interest segment Capital employed <span class=\"_ _120\"> </span><span class=\"ff2a ls106 ws35e\">Total assets less tho<span class=\"_ _92\"></span>se assets that do not (yet) co<span class=\"_ _92\"></span>ntribute to the performance </span>and commercialisation pr<span class=\"ls30 ws255\">ocesses and less non-inter<span class=\"_ _92\"></span>est-bearing debt.<span class=\"_ _333\"> </span></span>Other mat<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rial non-cash it<span class=\"_ _92\"></span>ems include measurem<span class=\"_ _92\"></span>ent effects fro<span class=\"_ _92\"></span>m energy derivatives,<span class=\"_ _92\"></span> the reversal of<span class=\"_ _92\"></span> contributions to building cost<span class=\"_ _43\"></span>s, non-cash changes in provisions and write-downs <span class=\"_ _43\"></span>of primar<span class=\"_ _43\"></span>y energy sources in in<span class=\"_ _92\"></span>ventory.  All segment da<span class=\"_ _92\"></span>ta are measur<span class=\"_ _92\"></span>ed in accordance with IFRSs.<span class=\"_ _333\"> </span>Operating segment data <span class=\"_ _a3\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _132\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _132\"> </span>  <span class=\"_ _1b3\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _169\"> </span><span class=\"ff2f ls33\">Hydro </span>New renew<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>bles Sales <span class=\"_ _41\"> </span><span class=\"ls1d\">Grid </span>All other segments Recon-<span class=\"_ _333\"> </span>ciliation/ consoli- dation To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> Group 2022 <span class=\"_ _1\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _26\"> </span>  <span class=\"_ _26\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _5b\"> </span>  </span>External revenue <span class=\"_ _154\"> </span><span class=\"ls0 ws0\">121.6 <span class=\"_ _6\"> </span>175.7 <span class=\"_ _184\"> </span>7,813.3 <span class=\"_ _184\"> </span>2,168.1 <span class=\"_ _15e\"> </span>62.9 <span class=\"_ _11c\"> </span>4.5 <span class=\"_ _216\"> </span>10,346.1 </span>Internal reve<span class=\"_ _92\"></span>nue <span class=\"_ _55\"> </span><span class=\"ls0 ws0\">2,702.1 <span class=\"_ _68\"> </span>62.8 <span class=\"_ _184\"> </span>1,067.1 <span class=\"_ _37\"> </span>44.7 <span class=\"_ _a9\"> </span>503.9 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>4,380.6 <span class=\"_ _1c\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal revenue <span class=\"_ _162\"> </span><span class=\"ls0 ws0\">2,823.7 <span class=\"_ _6\"> </span>238.4 <span class=\"_ _184\"> </span>8,880.5 <span class=\"_ _184\"> </span>2,212.9 <span class=\"_ _a9\"> </span>566.8 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>4,376.2 <span class=\"_ _216\"> </span>10,346.1 </span>EBITDA <span class=\"_ _79\"> </span><span class=\"ls22\">2,383.4 <span class=\"_ _8\"> </span><span class=\"ls18\">127.6 <span class=\"_ _16d\"> </span>242.4 <span class=\"_ _16d\"> </span>297.6 <span class=\"_ _b\"> </span>186.0 <span class=\"_ _5d\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>76.4 <span class=\"_ _218\"> </span>3,160.7 </span></span>Depreciation <span class=\"_ _d5\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>225.8 <span class=\"_ _8\"> </span>\u2013<span class=\"fsa\"> </span>43.8 <span class=\"_ _1e8\"> </span>\u2013<span class=\"fsa\"> </span>3.1 <span class=\"_ _187\"> </span>\u2013<span class=\"fsa\"> </span>167.1 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>19.9 <span class=\"_ _e\"> </span>\u2013<span class=\"fsa\"> </span>3.1 <span class=\"_ _16d\"> </span>\u2013<span class=\"fsa\"> </span>462.7 </span>Effects from impairment tests (operating result)<span class=\"_ _92\"></span> <span class=\"_ _119\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>10.4 <span class=\"_ _185\"> </span>\u2013<span class=\"fsa\"> </span>145.9 <span class=\"_ _11\"> </span>0.0 <span class=\"_ _a7\"> </span>\u2013<span class=\"fsa\"> </span>41.5 <span class=\"_ _94\"> </span>126.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>71.8 </span>Other material  non-cash items <span class=\"_ _1b0\"> </span><span class=\"ls0 ws0\">18.9 <span class=\"_ _23\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _17c\"> </span>109.6 <span class=\"_ _37\"> </span>15.1 <span class=\"_ _15e\"> </span>69.5 <span class=\"_ _11c\"> </span>1.5 <span class=\"_ _37\"> </span>214.6 </span>Result from  interests accounted for <span class=\"_ _92\"></span> using the equity method <span class=\"_ _4b\"> </span><span class=\"ls0 ws0\">1.1 <span class=\"_ _4a\"> </span>0.0 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>0.7 <span class=\"_ _1e8\"> </span>\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _11c\"> </span>4.3 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _1c\"> </span>4.3 </span>Effects from  impairment tests  (financial result) <span class=\"_ _18e\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _16d\"> </span>\u2013<span class=\"fsa\"> </span>46.2 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>46.5 </span>Capital employed <span class=\"_ _157\"> </span><span class=\"ls18 ws0\">6,180.5 <span class=\"_ _b\"> </span>1,356.6 <span class=\"_ _219\"> </span>1,413.4 <span class=\"_ _21a\"> </span>2,740.4 <span class=\"_ _b\"> </span>655.2 <span class=\"_ _1e\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>254.2 <span class=\"_ _21b\"> </span>12,092.0<span class=\"_ _92\"></span> </span>of which  carrying amount of  interests accounted for <span class=\"_ _92\"></span> using the equity method 22.8 <span class=\"_ _66\"> </span>1.4 <span class=\"_ _41\"> </span>15.7 <span class=\"_ _37\"> </span>31.3 <span class=\"_ _a9\"> </span>294.3 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _37\"> </span>365.5 Additions to intan<span class=\"_ _92\"></span>gible assets and proper<span class=\"_ _92\"></span>ty<span class=\"_ _14\"></span>, plant and equipment 1 <span class=\"_ _e3\"> </span>394.0 <span class=\"_ _6\"> </span>302.2 <span class=\"_ _41\"> </span>64.2 <span class=\"_ _a\"> </span>433.4 <span class=\"_ _15e\"> </span>29.8 <span class=\"_ _11c\"> </span>3.5 <span class=\"_ _c\"> </span>1,227.2 Additions to inter<span class=\"_ _92\"></span>ests accounted for using th<span class=\"_ _92\"></span>e equity method 2 <span class=\"_ _110\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _1f\"> </span>4.0 <span class=\"_ _11\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _1c\"> </span>4.0 1 excl. additio<span class=\"_ _92\"></span>ns from business acquisitions in the amount o<span class=\"_ _92\"></span>f \u20ac808.1m (previous year: \u20ac722.5m)<span class=\"_ _92\"></span> // 2 excl. addition<span class=\"_ _43\"></span>s from bus<span class=\"_ _43\"></span>iness acqu<span class=\"_ _43\"></span>isitions in<span class=\"_ _43\"></span> the amount o<span class=\"_ _43\"></span>f \u20ac0.0m (pr<span class=\"_ _43\"></span>evious year: \u20ac107.2m)<span class=\"_ _92\"></span> Operating segment data <span class=\"_ _13a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2b\"> </span>  <span class=\"_ _21c\"> </span>  <span class=\"_ _2b\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _23\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _7d\"> </span><span class=\"ff2f ls33\">Hydr<span class=\"_ _92\"></span>o </span>New renew<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>bles Sales <span class=\"_ _41\"> </span><span class=\"ls1d\">Grid </span>All other segments Recon-<span class=\"_ _333\"> </span>ciliation/ consoli- dation To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> Group 2021 <span class=\"_ _1c6\"> </span><span class=\"ls31\">  <span class=\"_ _3\"> </span>  <span class=\"_ _26\"> </span>  <span class=\"_ _26\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _5b\"> </span>  </span>External revenue <span class=\"_ _14b\"> </span><span class=\"ls0 ws0\">101.2 <span class=\"_ _1c\"> </span>96.0 <span class=\"_ _184\"> </span>3,316.8 <span class=\"_ _184\"> </span>1,215.4 <span class=\"_ _5\"> </span>44.1 <span class=\"_ _49\"> </span>3.1 <span class=\"_ _c\"> </span>4,776.6 </span>Internal reve<span class=\"_ _92\"></span>nue <span class=\"_ _47\"> </span><span class=\"ls0 ws0\">1,364.3 <span class=\"_ _24\"> </span>30.4 <span class=\"_ _21d\"> </span>548.7 <span class=\"_ _41\"> </span>31.5 <span class=\"_ _94\"> </span>339.3 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>2,314.1 <span class=\"_ _1c\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal revenue <span class=\"_ _da\"> </span><span class=\"ls0 ws0\">1,465.5 <span class=\"_ _11\"> </span>126.4 <span class=\"_ _184\"> </span>3,865.5 <span class=\"_ _170\"> </span>1,246.9 <span class=\"_ _94\"> </span>383.4 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>2,311.0 <span class=\"_ _1e6\"> </span>4,776.6 </span>EBITDA <span class=\"_ _1eb\"> </span><span class=\"ls18\">1,106.0 <span class=\"_ _1b3\"> </span><span class=\"ls31\">53.3 <span class=\"_ _1e8\"> </span></span>59.6 <span class=\"_ _a7\"> </span><span class=\"ls31\">331.3 <span class=\"_ _191\"> </span></span>72.5 <span class=\"_ _5d\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">43.8 <span class=\"_ _1e\"> </span></span></span>1,579.<span class=\"_ _92\"></span>0 </span>Depreciation <span class=\"_ _110\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>217.6 <span class=\"_ _21\"> </span>\u2013<span class=\"fsa\"> </span>26.6 <span class=\"_ _1e8\"> </span>\u2013<span class=\"fsa\"> </span>2.0 <span class=\"_ _187\"> </span>\u2013<span class=\"fsa\"> </span>153.4 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>14.6 <span class=\"_ _e\"> </span>\u2013<span class=\"fsa\"> </span>3.1 <span class=\"_ _16d\"> </span>\u2013<span class=\"fsa\"> </span>417.3 </span>Effects from impairment tests (operating result)<span class=\"_ _92\"></span> <span class=\"_ _51\"> </span><span class=\"ls0 ws0\">32.2 <span class=\"_ _1c\"> </span>57.7 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _15e\"> </span>24.0 <span class=\"_ _e\"> </span>\u2013<span class=\"fsa\"> </span>8.8 <span class=\"_ _37\"> </span>105.1 </span>Other material  non-cash items <span class=\"_ _6b\"> </span><span class=\"ls0 ws0\">35.3 <span class=\"_ _26\"> </span>0.1 <span class=\"_ _a7\"> </span>\u2013<span class=\"fsa\"> </span>31.3 <span class=\"_ _41\"> </span>11.2 <span class=\"_ _b\"> </span>\u2013<span class=\"fsa\"> </span>15.9 <span class=\"_ _11c\"> </span>1.5 <span class=\"_ _1c\"> </span>0.8 </span>Result from  interests accounted for <span class=\"_ _92\"></span> using the equity method <span class=\"_ _5b\"> </span><span class=\"ls0 ws0\">0.3 <span class=\"_ _2c\"> </span>0.3 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>2.0 <span class=\"_ _1f\"> </span>0.2 <span class=\"_ _15e\"> </span>36.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _21\"> </span>34.8 </span>Effects from  impairment tests  (financial result) <span class=\"_ _21e\"> </span><span class=\"ls0 ws0\">16.8 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _a7\"> </span>\u2013<span class=\"fsa\"> </span>18.3 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>1.5 </span>Capital employed <span class=\"_ _159\"> </span><span class=\"ls18 ws0\">5,920.6 <span class=\"_ _5\"> </span>455.2 <span class=\"_ _21a\"> </span>1,609.0 <span class=\"_ _219\"> </span>2,647.8 <span class=\"_ _b\"> </span>512.6 <span class=\"_ _e\"> </span><span class=\"ls29\">31.9 <span class=\"_ _21a\"> </span></span>11,177.<span class=\"_ _92\"></span>0 </span>of which  carrying amount of  interests accounted for <span class=\"_ _92\"></span> using the equity method 22.1 <span class=\"_ _26\"> </span>1.5 <span class=\"_ _41\"> </span>12.5 <span class=\"_ _41\"> </span>77.9 <span class=\"_ _94\"> </span>289.9 <span class=\"_ _b8\"> </span>0.0 <span class=\"_ _1e8\"> </span>404.1 Additions to intan<span class=\"_ _92\"></span>gible assets and proper<span class=\"_ _92\"></span>ty<span class=\"_ _14\"></span>, plant and equipment <span class=\"_ _da\"> </span><span class=\"ls0 ws0\">320.5 <span class=\"_ _1f\"> </span>114.4 <span class=\"_ _37\"> </span>12.1 <span class=\"_ _21d\"> </span>405.4 <span class=\"_ _15e\"> </span>12.9 <span class=\"_ _11c\"> </span>3.1 <span class=\"_ _37\"> </span>868.3 </span>Additions to inter<span class=\"_ _92\"></span>ests accounted for using th<span class=\"_ _92\"></span>e equity method <span class=\"_ _25\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _1f\"> </span>9.8 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _11c\"> </span>0.0 <span class=\"_ _1c\"> </span>9.8<span class=\"_ _333\"> </span></span>EBITDA in<span class=\"_ _92\"></span> the total column corr<span class=\"_ _92\"></span>esponds to EBIT<span class=\"_ _92\"></span>DA in the income stat<span class=\"_ _92\"></span>ement of VERBUND. <span class=\"_ _92\"></span>Therefore<span class=\"_ _92\"></span>, the recon<span class=\"_ _92\"></span>ciliation to profit befor<span class=\"_ _92\"></span>e tax can be taken fr<span class=\"_ _92\"></span>om the income statement<span class=\"_ _92\"></span>.  The reconc<span class=\"_ _92\"></span>iliation from the total<span class=\"_ _92\"></span> amount for capital empl<span class=\"_ _0\"></span>oyed t<span class=\"_ _92\"></span>o VERBUND\u2019<span class=\"_ _14\"></span>s total assets resul<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s as follows:<span class=\"_ _333\"> </span>Reconciliati<span class=\"_ _43\"></span>on from capital empl<span class=\"_ _43\"></span>oyed to total assets <span class=\"_ _f8\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _60\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _21f\"> </span><span class=\"ff2f fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _127\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>Capital employ<span class=\"_ _92\"></span>ed <span class=\"_ _220\"> </span><span class=\"fc4 ls0 ws0\">11,177.0 <span class=\"_ _2b\"> </span><span class=\"ff2f fc0 ls18\">12,092.0 </span></span>Assets not used i<span class=\"_ _92\"></span>n the performance and commercialisatio<span class=\"_ _92\"></span>n process <span class=\"_ _1b\"> </span><span class=\"fc4 ls0 ws0\">3,769.4 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">3,805.8 </span></span>Non-interest-be<span class=\"_ _92\"></span>aring debt <span class=\"_ _e9\"> </span><span class=\"fc4 ls0 ws0\">2,335.0 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">3,258.9 </span></span>T<span class=\"_ _14\"></span>otal assets of VERBUND <span class=\"_ _e1\"> </span><span class=\"fc4 ls18 ws0\">17,281.4 <span class=\"_ _1b3\"> </span><span class=\"ff2c fc0\">19,156.6<span class=\"_ _333\"> </span></span></span>Reconciliation Under IFRS <span class=\"_ _87\"></span>8, entity-wide disclosures incl<span class=\"_ _92\"></span>ude geogr<span class=\"ls88 ws522\">aphical segmen<span class=\"_ _92\"></span>t reporting for r<span class=\"_ _92\"></span>evenue (based on </span>the point of deliver<span class=\"_ _43\"></span>y) and non-current assets. In addition, information on major customers<span class=\"_ _43\"></span> must be pro<span class=\"_ _92\"></span>vided. Disclosures reg<span class=\"_ _92\"></span>arding revenu<span class=\"_ _92\"></span>e are presen<span class=\"_ _92\"></span>ted in se<span class=\"_ _43\"></span>ction <span class=\"_ _87\"></span>3.2.1 Revenue. VERBUND<span class=\"_ _92\"></span> does not hav<span class=\"_ _92\"></span>e any customers for who<span class=\"_ _92\"></span>m <span class=\"_ _43\"></span>revenu<span class=\"_ _92\"></span>e equals or exceeds 10 % of total<span class=\"_ _92\"></span> revenue.  Geograp<span class=\"_ _92\"></span>hical segment rep<span class=\"_ _92\"></span>orting: non-curre<span class=\"_ _92\"></span>nt assets <span class=\"_ _20e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Intangible assets and pr<span class=\"_ _92\"></span>operty, p<span class=\"_ _92\"></span>la<span class=\"_ _43\"></span>nt and equipment <span class=\"_ _1c6\"> </span><span class=\"fc4 ls18 ws0\">11,460.8 <span class=\"_ _1b3\"> </span><span class=\"ff2c fc0\">13,121.2 </span></span>of which in Austria <span class=\"_ _222\"> </span><span class=\"fc4 ls0 ws0\">8,476.4 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">8,979.3 </span></span>of which in Germany <span class=\"_ _223\"> </span><span class=\"fc4 ls0 ws0\">2,673.0 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">2,734.3 </span></span>of which in Spain <span class=\"_ _224\"> </span><span class=\"fc4 ls0 ws0\">105.4 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">1,215.6 </span></span>of which in other EU countries <span class=\"_ _fa\"> </span><span class=\"fc4 ls0 ws0\">206.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">192.0 </span></span>Interests accounted f<span class=\"_ _92\"></span>or us<span class=\"ls0 ws1b\">ing the equity method <span class=\"_ _211\"> </span><span class=\"fc4 ls18 ws0\">404.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">365.5 </span></span></span>of which in Austria <span class=\"_ _225\"> </span><span class=\"fc4 ls0 ws0\">385.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">346.2 </span></span>of which in other countries<span class=\"_ _333\"> </span>1 <span class=\"_ _11a\"> </span><span class=\"fc4\">19.0</span> <span class=\"_ _de\"> </span>19.4 1 This includes the equity interest in (Austrian)<span class=\"_ _92\"></span> Ashta <span class=\"_ _43\"></span>Beteiligungsverwaltung GmbH, which holds the equity inte<span class=\"_ _92\"></span>rest <span class=\"_ _43\"></span>in the Alba<span class=\"ls1d1 ws9ec\">nian entity Energji Ashta Shpk. </span>Entity<span class=\"_ _92\"></span>-wide disclosures",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "3.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls120 ws6d1\">Segment reporting</span><span class=\"ls120 ws6d1\"> </span>In accord<span class=\"_ _92\"></span>ance with S<span class=\"_ _43\"></span>ection <span class=\"_ _87\"></span>8(3) of the Austri<span class=\"_ _92\"></span>an<span class=\"ls67 ws646\"> Electricity Industry and Organisatio<span class=\"_ _92\"></span>n Act (ElWOG), </span>integra<span class=\"_ _92\"></span>ted electricity companies must publis<span class=\"_ _92\"></span>h separate balance shee<span class=\"_ _92\"></span>ts and income statements fo<span class=\"_ _92\"></span>r electricity genera<span class=\"_ _92\"></span>tion, electricity trading and supply <span class=\"ls83 ws477\">activitie<span class=\"_ _92\"></span>s, transmission ac<span class=\"ls64 ws655\">tivities and dis<span class=\"_ _92\"></span>tribution </span></span>activities. H<span class=\"_ _92\"></span>owever<span class=\"_ _14\"></span>, in accor<span class=\"_ _92\"></span>dance with IFRS 8, VE<span class=\"ls6f ws48c\">RB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s segment r<span class=\"_ _92\"></span>eporting is to be orien<span class=\"_ _92\"></span>ted towards </span>intern<span class=\"_ _92\"></span>al management and r<span class=\"_ _92\"></span>eporting (manage<span class=\"_ _92\"></span>ment approach). Ther<span class=\"_ _92\"></span>efore the defin<span class=\"_ _92\"></span>ition of the operating segments an<span class=\"_ _92\"></span>d the contents of th<span class=\"_ _92\"></span>e report corr<span class=\"_ _92\"></span>esponds to the structur<span class=\"_ _92\"></span>e of inter<span class=\"_ _92\"></span>nal reporting to<span class=\"_ _92\"></span> the Executive Board as t<span class=\"_ _92\"></span>he primar<span class=\"_ _43\"></span>y decision-maker:  Definition of operating segments Hydro <span class=\"_ _7d\"> </span><span class=\"ff2a ws853\">Hydropower generatio<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>technology </span>New renew<span class=\"_ _92\"></span>ables<span class=\"_ _43\"></span> <span class=\"_ _1b\"> </span><span class=\"ff2a ls25 ws25\">Wind and photovoltaic genera<span class=\"_ _92\"></span>tion technologies </span>Sales <span class=\"_ _19d\"> </span><span class=\"ff2a ls2d ws2a\">Trading and <span class=\"_ _43\"></span>sales activities </span>Grid <span class=\"_ _10\"> </span><span class=\"ff2a ls1f ws20\">Activities of Austrian Power Grid AG<span class=\"_ _92\"></span> (APG), Gas Connect Austria GmbH </span>(GCA) and Austri<span class=\"_ _92\"></span>an Gas Gr<span class=\"ls5e ws5f\">id Manageme<span class=\"_ _43\"></span>nt AG (AGGM) </span>All other segments <span class=\"_ _20a\"> </span><span class=\"ff2a ws0\">  </span>Thermal generati<span class=\"_ _92\"></span>on <span class=\"_ _b5\"> </span><span class=\"ff2a ls46 ws45\">Electricity and thermal generation <span class=\"ls5d ws5e\">of VERBUND Thermal Power GmbH &amp;  </span></span>Co KG from natural gas Services <span class=\"_ _4e\"> </span><span class=\"ff2a ls62 ws64\">Business activities of VERBUND Services GmbH </span>Equity interests <span class=\"_ _79\"> </span><span class=\"ff2a ls30 ws255\">Equity interest in KELAG-K\u00e4rntner Elektrizit\u00e4ts-Aktien<span class=\"_ _92\"></span>gesellschaft (KELAG) </span>Segments th<span class=\"_ _92\"></span>at do not exceed the qu<span class=\"_ _92\"></span>antitative thr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span><span class=\"lsa3 ws1dc\">sholds ar<span class=\"_ _92\"></span>e summarised in the Al<span class=\"_ _92\"></span>l other segments </span>category. The Reconcil<span class=\"_ _92\"></span>iation/consolidation column includes the ac<span class=\"_ _92\"></span>tivities of VERBUND <span class=\"_ _8a\"></span>AG and VERBUND Fin<span class=\"_ _92\"></span>anzierungsservice GmbH as well as unconsolidated equity in<span class=\"_ _92\"></span>terests that ha<span class=\"_ _92\"></span>ve not been allocated t<span class=\"_ _92\"></span>o a se<span class=\"_ _43\"></span>gment and consolida<span class=\"_ _92\"></span>tions which must be carried out at Gr<span class=\"_ _92\"></span>oup level. The follo<span class=\"_ _92\"></span>wing key performance indicato<span class=\"_ _92\"></span>rs are report<span class=\"_ _92\"></span>ed for the control an<span class=\"_ _92\"></span>d management of<span class=\"_ _92\"></span> the operatin<span class=\"_ _92\"></span>g segments: K<span class=\"_ _92\"></span>ey performance indicator<span class=\"_ _92\"></span>s \u2013 segment reporting <span class=\"_ _215\"> </span><span class=\"ff2f fs8 ls31 ws0\">  </span>EBITDA <span class=\"_ _1ac\"> </span><span class=\"ff2a ls30 ws2d\">Internal measurement of <span class=\"_ _92\"></span>the performance of each operating segm<span class=\"_ _92\"></span>ent. </span>Transactions between operating segm<span class=\"_ _92\"></span>en<span class=\"ls2d ws33\">ts are carried out at arm's length. </span>Result from interests accounted for using the equity method Assessment of th<span class=\"_ _92\"></span>e Equity interest segment Capital employed <span class=\"_ _120\"> </span><span class=\"ff2a ls106 ws35e\">Total assets less tho<span class=\"_ _92\"></span>se assets that do not (yet) co<span class=\"_ _92\"></span>ntribute to the performance </span>and commercialisation pr<span class=\"ls30 ws255\">ocesses and less non-inter<span class=\"_ _92\"></span>est-bearing debt.<span class=\"_ _333\"> </span></span>Other mat<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rial non-cash it<span class=\"_ _92\"></span>ems include measurem<span class=\"_ _92\"></span>ent effects fro<span class=\"_ _92\"></span>m energy derivatives,<span class=\"_ _92\"></span> the reversal of<span class=\"_ _92\"></span> contributions to building cost<span class=\"_ _43\"></span>s, non-cash changes in provisions and write-downs <span class=\"_ _43\"></span>of primar<span class=\"_ _43\"></span>y energy sources in in<span class=\"_ _92\"></span>ventory.  All segment da<span class=\"_ _92\"></span>ta are measur<span class=\"_ _92\"></span>ed in accordance with IFRSs.<span class=\"_ _333\"> </span>Entity<span class=\"_ _92\"></span>-wide disclosures<div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws4d0 gs25c\">Under IFRS <span class=\"_ _87\"></span>8, entity-wide disclosures incl<span class=\"_ _92\"></span>ude geogr<span class=\"ls88 ws522\">aphical segmen<span class=\"_ _92\"></span>t reporting for r<span class=\"_ _92\"></span>evenue (based on </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d ws758 gs21e\">the point of deliver<span class=\"_ _43\"></span>y) and non-current assets. In addition, information on major customers<span class=\"_ _43\"></span> must be </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws5da gs21f\">pro<span class=\"_ _92\"></span>vided. Disclosures reg<span class=\"_ _92\"></span>arding revenu<span class=\"_ _92\"></span>e are presen<span class=\"_ _92\"></span>ted in se<span class=\"_ _43\"></span>ction <span class=\"_ _87\"></span>3.2.1 Revenue. VERBUND<span class=\"_ _92\"></span> does not </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gs25d\">hav<span class=\"_ _92\"></span>e any customers for who<span class=\"_ _92\"></span>m <span class=\"_ _43\"></span>revenu<span class=\"_ _92\"></span>e equals or exceeds 10 % of total<span class=\"_ _92\"></span> revenue.  </div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "<div class=\"t m0 h7 ff28 fs0 fc0 sc0 ls0 ws0 gs25f\"> <span class=\"fs2 ls83 ws248\">VERBUND primarily gener<span class=\"_ _92\"></span>ates revenu<span class=\"_ _92\"></span>e from contracts <span class=\"ls9a ws79d\">with cus<span class=\"_ _92\"></span>tomers from the delivery of electricity </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws649 gs260\">and gas<span class=\"_ _92\"></span>, by opera<span class=\"_ _92\"></span>ting the Austrian el<span class=\"_ _92\"></span>ectricity transmission networ<span class=\"_ _92\"></span>k and the gas tran<span class=\"_ _92\"></span>smission and </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws145 gs261\">distribution network. The <span class=\"_ _92\"></span>accounting policies for this r<span class=\"_ _92\"></span>evenue are pr<span class=\"_ _92\"></span>esented in the tables bel<span class=\"_ _92\"></span>ow:  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws63a gs262\">Reve<span class=\"_ _92\"></span>nue from contracts wi<span class=\"_ _92\"></span>th customers <span class=\"_ _226\"> </span><span class=\"ff2a fs7 ws0\">  <span class=\"_ _18c\"> </span>  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs263\">  <span class=\"_ _227\"> </span><span class=\"ff2f ls46 ws2b\">P<span class=\"_ _92\"></span>eriod allowed </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs264\">for payment  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs265\">Significant </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws0 gs266\">financing </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs267\">components </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs268\">Market participan<span class=\"_ _92\"></span>ts from energy exchanges, traders and electric utiliti<span class=\"_ _92\"></span>es <span class=\"_ _14b\"> </span><span class=\"ls1d ws1e\">20 days <span class=\"_ _f1\"> </span><span class=\"ls2f ws0\">No </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs269\">Industrial customers  <span class=\"_ _e2\"> </span><span class=\"ls0 ws0\">14\u2013<span class=\"fsa\"> </span><span class=\"ls1d ws1e\">60 days <span class=\"_ _154\"> </span></span><span class=\"ls2f\">No </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs26a\">Commercial customers <span class=\"_ _228\"> </span><span class=\"ls1d ws1e\">14 days <span class=\"_ _154\"> </span><span class=\"ls2f ws0\">No </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5b ws5c gs26b\">Household customers  <span class=\"_ _229\"> </span><span class=\"ls1d ws1e\">14 days <span class=\"_ _154\"> </span><span class=\"ls2f ws0\">No </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs26c\">Rev<span class=\"_ _92\"></span>enue from operating the Austrian ga<span class=\"_ _92\"></span>s transmission and  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs26d\">distribution network <span class=\"_ _1f8\"> </span><span class=\"ls1d ws1e\">15 days <span class=\"_ _154\"> </span><span class=\"ls2f ws0\">No </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs26e\">Revenue from operating <span class=\"_ _92\"></span>the Austrian electricity transmission netw<span class=\"_ _92\"></span>ork <span class=\"_ _20a\"> </span><span class=\"ls1d ws1e\">14 days <span class=\"_ _f1\"> </span><span class=\"ls2f ws0\">No<span class=\"_ _333\"> </span></span></span><span class=\"ls1d ws1e\"><span class=\"ls2f ws0\"> </span></span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws0 gs273\">3.2.1<span class=\"_ _333\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls119 wsb08 gs274\">Rev<span class=\"_ _92\"></span>enue<span class=\"_ _333\"> </span>  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls84 ws2f9 gs2d6\">Revenue b<span class=\"_ _92\"></span>y segment <span class=\"_ _22a\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs2d7\">  <span class=\"_ _1db\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _94\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _37\"> </span></span>2021 <span class=\"_ _94\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _37\"> </span></span>2021 <span class=\"_ _182\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs2d8\">  <span class=\"_ _2a\"> </span><span class=\"ff2f fc4 ls5d\">Domestic <span class=\"_ _22b\"> </span><span class=\"fc0\">Domestic <span class=\"_ _16\"> </span></span><span class=\"ls2b\">Foreign <span class=\"_ _17f\"> </span><span class=\"fc0\">Foreign <span class=\"_ _147\"> </span></span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _179\"> </span><span class=\"fc0\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2d9\">Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _120\"> </span><span class=\"fc4 ls0 ws0\">56.3 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">55.4 <span class=\"_ _179\"> </span></span>35.4 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls31\">5<span class=\"_ _43\"></span>3.3 <span class=\"_ _15e\"> </span></span>91.8 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">108.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2da\">Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _1d8\"> </span><span class=\"fc4 ls0 ws0\">0.4 <span class=\"_ _49\"> </span><span class=\"ff2f fc0 ls18\">0.4 <span class=\"_ _49\"> </span></span>2.9 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">5.4 <span class=\"_ _49\"> </span></span>3.2 <span class=\"_ _1b3\"> </span><span class=\"ff2f fc0 ls18\">5.8 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs2db\">Electricity rev<span class=\"_ _92\"></span>enue \u2013  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs2dc\">Hydro segment </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls18 ws0 gs2dd\">56.7 <span class=\"_ _147\"> </span><span class=\"ff2c fc0\">55.8<span class=\"_ _92\"></span> <span class=\"_ _191\"> </span><span class=\"ff2f fc4 ls31\">38.3 <span class=\"_ _147\"> </span></span>58.7 <span class=\"_ _e\"> </span><span class=\"ff2f fc4\">95.0 <span class=\"_ _5d\"> </span></span>11<span class=\"_ _92\"></span>4.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2de\">Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _17b\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _1cd\"> </span></span>0.0 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">19.5 <span class=\"_ _49\"> </span></span>0.0 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">19.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2df\">Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _17b\"> </span><span class=\"fc4 ls0 ws0\">11.3 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _179\"> </span></span>29.1 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">72.1 <span class=\"_ _15e\"> </span></span>40.4 <span class=\"_ _15e\"> </span><span class=\"ff2f fc0 ls18\">72.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2e0\">Electricity revenu<span class=\"_ _92\"></span>e consumers <span class=\"_ _138\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _15e\"> </span></span>38.5 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">61.6 <span class=\"_ _179\"> </span></span>38.5 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">61.6 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs2e1\">Electricity rev<span class=\"_ _92\"></span>enues \u2013  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls102 ws27 gs2e2\">New Renew<span class=\"_ _92\"></span>ables s<span class=\"_ _43\"></span>egment  <span class=\"_ _110\"> </span><span class=\"fc4 ls18 ws0\">11.3 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _e\"> </span></span>67.6 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">153.2 <span class=\"_ _e\"> </span></span>78.9 <span class=\"_ _5d\"> </span><span class=\"ff2c fc0\">15<span class=\"_ _92\"></span>3.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2e3\">Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _110\"> </span><span class=\"fc4 ls0 ws0\">801.1 <span class=\"_ _17f\"> </span><span class=\"ff2f fc0 ls18\">2,216.4 <span class=\"_ _94\"> </span></span>527.3 <span class=\"_ _16\"> </span><span class=\"ff2f fc0 ls18\">1,062.1 <span class=\"_ _a8\"> </span></span>1,328.5 <span class=\"_ _a8\"> </span><span class=\"ff2f fc0 ls18\">3,278.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2e4\">Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _120\"> </span><span class=\"fc4 ls0 ws0\">740.1 <span class=\"_ _16\"> </span><span class=\"ff2f fc0 ls18\">1,377.9 <span class=\"_ _94\"> </span></span>143.0 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">810.6 <span class=\"_ _94\"> </span></span>883.0 <span class=\"_ _218\"> </span><span class=\"ff2f fc0 ls18\">2,188.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2e5\">Electricity revenu<span class=\"_ _92\"></span>e consumers <span class=\"_ _d9\"> </span><span class=\"fc4 ls0 ws0\">560.0 <span class=\"_ _16\"> </span><span class=\"ff2f fc0 ls18\">1,12<span class=\"_ _92\"></span>7.0 <span class=\"_ _a9\"> </span><span class=\"ff2a fc4 ls0\">425.5 <span class=\"_ _16\"> </span></span>1,049.<span class=\"_ _92\"></span>1 <span class=\"_ _a9\"> </span><span class=\"ff2a fc4 ls0\">985.5 <span class=\"_ _a8\"> </span></span>2,176.1 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs2e6\">Electricity rev<span class=\"_ _92\"></span>enue \u2013 Sales segment <span class=\"_ _21\"> </span><span class=\"fc4 ls18 ws0\">2,101.2<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">4,721.4 <span class=\"_ _17f\"> </span></span>1,095.8 <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">2,92<span class=\"_ _92\"></span>1.9 <span class=\"_ _16\"> </span><span class=\"ff2f fc4\">3,197.<span class=\"_ _92\"></span>0 <span class=\"_ _170\"> </span><span class=\"ff2c fc0\">7,643.3 </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2e7\">Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _110\"> </span><span class=\"fc4 ls0 ws0\">115.2 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">150.7 <span class=\"_ _94\"> </span></span>331.5 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">632.5 <span class=\"_ _94\"> </span></span>446.7 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls49\">783.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2e8\">Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _1d8\"> </span><span class=\"fc4 ls0 ws0\">7.7 <span class=\"_ _179\"> </span><span class=\"ff2f fc0 ls18\">50.0 <span class=\"_ _49\"> </span></span>7.9 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls31\">3.3 <span class=\"_ _15e\"> </span></span>15.6 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls31\">53.3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs2e9\">Electricity rev<span class=\"_ _92\"></span>enue \u2013 Grid segment <span class=\"_ _4a\"> </span><span class=\"fc4 ls18 ws0\">122.9 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">200.7 <span class=\"_ _1e5\"> </span></span><span class=\"ls31\">339<span class=\"_ _43\"></span>.4 <span class=\"_ _17c\"> </span></span><span class=\"ff2c fc0\">635.8 <span class=\"_ _1e5\"> </span></span>462.3 <span class=\"_ _5d\"> </span><span class=\"ff2c fc0\">836.<span class=\"_ _92\"></span>4 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs2ea\">Electricity rev<span class=\"_ _92\"></span>enue \u2013  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs2eb\">All other segments <span class=\"_ _1a6\"> </span><span class=\"fc4 ls18 ws0\">0.0 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _1cd\"> </span></span>0.0 <span class=\"_ _7\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span></span>0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2c fc0\">0.0 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs2ec\">Electricity rev<span class=\"_ _92\"></span>enue \u2013 reconciliation <span class=\"_ _45\"> </span><span class=\"fc4 ls18 ws0\">0.0 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span></span>0.0 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span></span>0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2c fc0\">0.0 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs2ed\">T<span class=\"_ _14\"></span>otal electricity sales rev<span class=\"_ _92\"></span>enue <span class=\"_ _9c\"> </span><span class=\"fc4 ls18 ws0\">2,292.<span class=\"_ _92\"></span>2 <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">4,977.8 <span class=\"_ _17f\"> </span></span>1,541.1 <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">3,76<span class=\"_ _92\"></span>9.6 <span class=\"_ _16\"> </span><span class=\"ff2f fc4 ls31\">3,833.3 <span class=\"_ _170\"> </span></span>8,747.4<span class=\"_ _92\"></span> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs2ee\">Grid revenue el<span class=\"_ _92\"></span>ectric utilities <span class=\"_ _96\"> </span><span class=\"fc4 ls0 ws0\">442.0 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">598.9 <span class=\"_ _49\"> </span></span>8.3 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls29\">39.4 <span class=\"_ _a9\"> </span></span>450.3 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">638.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs2ef\">Grid revenue indu<span class=\"_ _92\"></span>strial customers <span class=\"_ _16e\"> </span><span class=\"fc4 ls0 ws0\">7.1 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">9.7 <span class=\"_ _49\"> </span></span>0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _11c\"> </span></span>7.1 <span class=\"_ _b8\"> </span><span class=\"ff2f fc0 ls18\">9.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs2f0\">Grid revenue oth<span class=\"_ _92\"></span>er <span class=\"_ _3d\"> </span><span class=\"fc4 ls0 ws0\">105.8 <span class=\"_ _134\"> </span><span class=\"ff2f fc0 ls18\">288.1 <span class=\"_ _94\"> </span></span>171.8 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls31\">373.1<span class=\"_ _43\"></span> <span class=\"_ _94\"> </span></span>277.6 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">661.2 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs2f1\">T<span class=\"_ _14\"></span>otal grid revenue \u2013 Grid segment <span class=\"_ _aa\"> </span><span class=\"fc4 ls18 ws0\">554.9 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">896.7 <span class=\"_ _b\"> </span></span>180.1 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">412.5 <span class=\"_ _1e5\"> </span></span>735.0 <span class=\"_ _170\"> </span><span class=\"ff2c fc0\">1,309.3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs2f2\">Other reve<span class=\"_ _92\"></span>nue \u2013 <span class=\"_ _43\"></span>Hydro segment <span class=\"_ _da\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _117\"> </span></span>  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _1cd\"> </span></span><span class=\"ls18\">6.2 <span class=\"_ _39\"> </span><span class=\"ff2c fc0\">7.0 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs2f3\">Other reve<span class=\"_ _92\"></span>nues \u2013 <span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls102 ws27 gs2f4\">New Renew<span class=\"_ _92\"></span>ables s<span class=\"_ _43\"></span>egment <span class=\"_ _e7\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _117\"> </span></span>  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _191\"> </span></span><span class=\"ls18\">17.1 <span class=\"_ _4d\"> </span><span class=\"ff2c fc0\">22.5 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs2f5\">Other rev<span class=\"_ _92\"></span>enue \u2013 <span class=\"_ _43\"></span>Sales segment <span class=\"_ _22c\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _f3\"> </span></span>  <span class=\"_ _117\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _b\"> </span></span><span class=\"ls18\">119.7 <span class=\"_ _1e2\"> </span><span class=\"ff2c fc0\">170.0 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs2f6\">Other reve<span class=\"_ _0\"></span>nue \u2013 Grid segment <span class=\"_ _10c\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _117\"> </span></span>  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _e\"> </span></span><span class=\"ls18\">18.1 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">22.5 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs2f7\">Other reve<span class=\"_ _92\"></span>nue \u2013 <span class=\"_ _43\"></span>All other segments <span class=\"_ _12e\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _179\"> </span><span class=\"fc4 ls18\">44.1 <span class=\"_ _4d\"> </span><span class=\"ff2c fc0\">62.9 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs2f8\">Other rev<span class=\"_ _0\"></span>enue \u2013 reconciliation <span class=\"_ _120\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _49\"> </span><span class=\"fc4\">3.1 <span class=\"_ _1cd\"> </span></span><span class=\"ff2c ls18\">4.5 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs2f9\">T<span class=\"_ _14\"></span>otal of other revenue <span class=\"_ _1ae\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _f3\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _134\"> </span><span class=\"fc4 ls18\">208.4 <span class=\"_ _22d\"> </span><span class=\"ff2c fc0\">289.4 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs2fa\">T<span class=\"_ _14\"></span>otal revenue <span class=\"_ _13c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _16\"> </span><span class=\"fc4 ls18\">4,776.6 <span class=\"_ _175\"> </span><span class=\"ff2c fc0\">10,346.1<span class=\"_ _92\"></span> </span></span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls46 wsb0a gs2fb\">In the 2022 re<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>orting period, \u20ac4.9m (previous year<span class=\"_ _43\"></span>:<span class=\"ls7d ws4cc\"> \u20ac4.4m) in measuremen<span class=\"_ _92\"></span>ts and realisations of </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws3d4 gs2fc\">derivative finan<span class=\"_ _92\"></span>cial instruments in the trading ar<span class=\"_ _92\"></span>ea was recognised as r<span class=\"_ _92\"></span>evenue. T<span class=\"_ _14\"></span>o presen<span class=\"_ _92\"></span>t business </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 ws317 gs2fd\">performance mo<span class=\"_ _92\"></span>re accurately, <span class=\"_ _92\"></span>revenue from<span class=\"_ _92\"></span> energy trading is sho<span class=\"_ _92\"></span>wn as a net amount, i.e<span class=\"_ _92\"></span>. amounts </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws314 gs2fe\">realised and measur<span class=\"_ _92\"></span>ed ar<span class=\"ls64 ws886\">e each presented net of <span class=\"_ _92\"></span>expenses. As<span class=\"ls78 ws314\"> a result, \u20ac4,607.9m (pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: <span class=\"_ _88\"></span> </span></span></div><div class=\"t m0 ha7 ff28 fs2 fc0 sc0 ls0 ws0 gs2ff\">\u20ac<span class=\"ff2f\">\u2013</span></div><div class=\"t m0 h7 ff2f fs9 fc0 sc0 ls0 ws0 gs300\"> <span class=\"ff28 fs2 ls64 ws2f6\">1,718.6m) in expenses was pr<span class=\"_ _92\"></span>esented as a net amou<span class=\"ls63 ws3da\">nt in electricity reven<span class=\"_ _92\"></span>ue and \u20ac343.1m (previous </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws184 gs301\">year<span class=\"_ _43\"></span>: \u20ac663.4m) in other reven<span class=\"_ _92\"></span>ue.<span class=\"_ _333\"> </span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-21": {
   "value": "VERBUND primarily gener<span class=\"_ _92\"></span>ates revenu<span class=\"_ _92\"></span>e from contracts <span class=\"ls9a ws79d\">with cus<span class=\"_ _92\"></span>tomers from the delivery of electricity </span>and gas<span class=\"_ _92\"></span>, by opera<span class=\"_ _92\"></span>ting the Austrian el<span class=\"_ _92\"></span>ectricity transmission networ<span class=\"_ _92\"></span>k and the gas tran<span class=\"_ _92\"></span>smission and distribution network. The <span class=\"_ _92\"></span>accounting policies for this r<span class=\"_ _92\"></span>evenue are pr<span class=\"_ _92\"></span>esented in the tables bel<span class=\"_ _92\"></span>ow:  Reve<span class=\"_ _92\"></span>nue from contracts wi<span class=\"_ _92\"></span>th customers <span class=\"_ _226\"> </span><span class=\"ff2a fs7 ws0\">  <span class=\"_ _18c\"> </span>  </span>  <span class=\"_ _227\"> </span><span class=\"ff2f ls46 ws2b\">P<span class=\"_ _92\"></span>eriod allowed </span>for payment  Significant financing components Market participan<span class=\"_ _92\"></span>ts from energy exchanges, traders and electric utiliti<span class=\"_ _92\"></span>es <span class=\"_ _14b\"> </span><span class=\"ls1d ws1e\">20 days <span class=\"_ _f1\"> </span><span class=\"ls2f ws0\">No </span></span>Industrial customers  <span class=\"_ _e2\"> </span><span class=\"ls0 ws0\">14\u2013<span class=\"fsa\"> </span><span class=\"ls1d ws1e\">60 days <span class=\"_ _154\"> </span></span><span class=\"ls2f\">No </span></span>Commercial customers <span class=\"_ _228\"> </span><span class=\"ls1d ws1e\">14 days <span class=\"_ _154\"> </span><span class=\"ls2f ws0\">No </span></span>Household customers  <span class=\"_ _229\"> </span><span class=\"ls1d ws1e\">14 days <span class=\"_ _154\"> </span><span class=\"ls2f ws0\">No </span></span>Rev<span class=\"_ _92\"></span>enue from operating the Austrian ga<span class=\"_ _92\"></span>s transmission and  distribution network <span class=\"_ _1f8\"> </span><span class=\"ls1d ws1e\">15 days <span class=\"_ _154\"> </span><span class=\"ls2f ws0\">No </span></span>Revenue from operating <span class=\"_ _92\"></span>the Austrian electricity transmission netw<span class=\"_ _92\"></span>ork <span class=\"_ _20a\"> </span><span class=\"ls1d ws1e\">14 days <span class=\"_ _f1\"> </span><span class=\"ls2f ws0\">No<span class=\"_ _333\"> </span></span></span>3.2.1<span class=\"_ _333\"> </span>Rev<span class=\"_ _92\"></span>enue<span class=\"_ _333\"> </span>Revenue b<span class=\"_ _92\"></span>y segment <span class=\"_ _22a\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1db\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _94\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _37\"> </span></span>2021 <span class=\"_ _94\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _37\"> </span></span>2021 <span class=\"_ _182\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2a\"> </span><span class=\"ff2f fc4 ls5d\">Domestic <span class=\"_ _22b\"> </span><span class=\"fc0\">Domestic <span class=\"_ _16\"> </span></span><span class=\"ls2b\">Foreign <span class=\"_ _17f\"> </span><span class=\"fc0\">Foreign <span class=\"_ _147\"> </span></span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _179\"> </span><span class=\"fc0\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span></span></span></span>Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _120\"> </span><span class=\"fc4 ls0 ws0\">56.3 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">55.4 <span class=\"_ _179\"> </span></span>35.4 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls31\">5<span class=\"_ _43\"></span>3.3 <span class=\"_ _15e\"> </span></span>91.8 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">108.7 </span></span>Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _1d8\"> </span><span class=\"fc4 ls0 ws0\">0.4 <span class=\"_ _49\"> </span><span class=\"ff2f fc0 ls18\">0.4 <span class=\"_ _49\"> </span></span>2.9 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">5.4 <span class=\"_ _49\"> </span></span>3.2 <span class=\"_ _1b3\"> </span><span class=\"ff2f fc0 ls18\">5.8 </span></span>Electricity rev<span class=\"_ _92\"></span>enue \u2013  Hydro segment 56.7 <span class=\"_ _147\"> </span><span class=\"ff2c fc0\">55.8<span class=\"_ _92\"></span> <span class=\"_ _191\"> </span><span class=\"ff2f fc4 ls31\">38.3 <span class=\"_ _147\"> </span></span>58.7 <span class=\"_ _e\"> </span><span class=\"ff2f fc4\">95.0 <span class=\"_ _5d\"> </span></span>11<span class=\"_ _92\"></span>4.5 </span>Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _17b\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _1cd\"> </span></span>0.0 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">19.5 <span class=\"_ _49\"> </span></span>0.0 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">19.5 </span></span>Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _17b\"> </span><span class=\"fc4 ls0 ws0\">11.3 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _179\"> </span></span>29.1 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">72.1 <span class=\"_ _15e\"> </span></span>40.4 <span class=\"_ _15e\"> </span><span class=\"ff2f fc0 ls18\">72.1 </span></span>Electricity revenu<span class=\"_ _92\"></span>e consumers <span class=\"_ _138\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _15e\"> </span></span>38.5 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls18\">61.6 <span class=\"_ _179\"> </span></span>38.5 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">61.6 </span></span>Electricity rev<span class=\"_ _92\"></span>enues \u2013  New Renew<span class=\"_ _92\"></span>ables s<span class=\"_ _43\"></span>egment  <span class=\"_ _110\"> </span><span class=\"fc4 ls18 ws0\">11.3 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _e\"> </span></span>67.6 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">153.2 <span class=\"_ _e\"> </span></span>78.9 <span class=\"_ _5d\"> </span><span class=\"ff2c fc0\">15<span class=\"_ _92\"></span>3.2 </span></span>Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _110\"> </span><span class=\"fc4 ls0 ws0\">801.1 <span class=\"_ _17f\"> </span><span class=\"ff2f fc0 ls18\">2,216.4 <span class=\"_ _94\"> </span></span>527.3 <span class=\"_ _16\"> </span><span class=\"ff2f fc0 ls18\">1,062.1 <span class=\"_ _a8\"> </span></span>1,328.5 <span class=\"_ _a8\"> </span><span class=\"ff2f fc0 ls18\">3,278.6 </span></span>Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _120\"> </span><span class=\"fc4 ls0 ws0\">740.1 <span class=\"_ _16\"> </span><span class=\"ff2f fc0 ls18\">1,377.9 <span class=\"_ _94\"> </span></span>143.0 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">810.6 <span class=\"_ _94\"> </span></span>883.0 <span class=\"_ _218\"> </span><span class=\"ff2f fc0 ls18\">2,188.6 </span></span>Electricity revenu<span class=\"_ _92\"></span>e consumers <span class=\"_ _d9\"> </span><span class=\"fc4 ls0 ws0\">560.0 <span class=\"_ _16\"> </span><span class=\"ff2f fc0 ls18\">1,12<span class=\"_ _92\"></span>7.0 <span class=\"_ _a9\"> </span><span class=\"ff2a fc4 ls0\">425.5 <span class=\"_ _16\"> </span></span>1,049.<span class=\"_ _92\"></span>1 <span class=\"_ _a9\"> </span><span class=\"ff2a fc4 ls0\">985.5 <span class=\"_ _a8\"> </span></span>2,176.1 </span></span>Electricity rev<span class=\"_ _92\"></span>enue \u2013 Sales segment <span class=\"_ _21\"> </span><span class=\"fc4 ls18 ws0\">2,101.2<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">4,721.4 <span class=\"_ _17f\"> </span></span>1,095.8 <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">2,92<span class=\"_ _92\"></span>1.9 <span class=\"_ _16\"> </span><span class=\"ff2f fc4\">3,197.<span class=\"_ _92\"></span>0 <span class=\"_ _170\"> </span><span class=\"ff2c fc0\">7,643.3 </span></span></span></span>Electricity revenu<span class=\"_ _92\"></span>e resellers <span class=\"_ _110\"> </span><span class=\"fc4 ls0 ws0\">115.2 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">150.7 <span class=\"_ _94\"> </span></span>331.5 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">632.5 <span class=\"_ _94\"> </span></span>446.7 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls49\">783.2 </span></span>Electricity revenu<span class=\"_ _92\"></span>e traders <span class=\"_ _1d8\"> </span><span class=\"fc4 ls0 ws0\">7.7 <span class=\"_ _179\"> </span><span class=\"ff2f fc0 ls18\">50.0 <span class=\"_ _49\"> </span></span>7.9 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls31\">3.3 <span class=\"_ _15e\"> </span></span>15.6 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls31\">53.3 </span></span>Electricity rev<span class=\"_ _92\"></span>enue \u2013 Grid segment <span class=\"_ _4a\"> </span><span class=\"fc4 ls18 ws0\">122.9 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">200.7 <span class=\"_ _1e5\"> </span></span><span class=\"ls31\">339<span class=\"_ _43\"></span>.4 <span class=\"_ _17c\"> </span></span><span class=\"ff2c fc0\">635.8 <span class=\"_ _1e5\"> </span></span>462.3 <span class=\"_ _5d\"> </span><span class=\"ff2c fc0\">836.<span class=\"_ _92\"></span>4 </span></span>Electricity rev<span class=\"_ _92\"></span>enue \u2013  All other segments <span class=\"_ _1a6\"> </span><span class=\"fc4 ls18 ws0\">0.0 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _1cd\"> </span></span>0.0 <span class=\"_ _7\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span></span>0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2c fc0\">0.0 </span></span>Electricity rev<span class=\"_ _92\"></span>enue \u2013 reconciliation <span class=\"_ _45\"> </span><span class=\"fc4 ls18 ws0\">0.0 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span></span>0.0 <span class=\"_ _6\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span></span>0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2c fc0\">0.0 </span></span>T<span class=\"_ _14\"></span>otal electricity sales rev<span class=\"_ _92\"></span>enue <span class=\"_ _9c\"> </span><span class=\"fc4 ls18 ws0\">2,292.<span class=\"_ _92\"></span>2 <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">4,977.8 <span class=\"_ _17f\"> </span></span>1,541.1 <span class=\"_ _216\"> </span><span class=\"ff2c fc0\">3,76<span class=\"_ _92\"></span>9.6 <span class=\"_ _16\"> </span><span class=\"ff2f fc4 ls31\">3,833.3 <span class=\"_ _170\"> </span></span>8,747.4<span class=\"_ _92\"></span> </span></span>Grid revenue el<span class=\"_ _92\"></span>ectric utilities <span class=\"_ _96\"> </span><span class=\"fc4 ls0 ws0\">442.0 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">598.9 <span class=\"_ _49\"> </span></span>8.3 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls29\">39.4 <span class=\"_ _a9\"> </span></span>450.3 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">638.3 </span></span>Grid revenue indu<span class=\"_ _92\"></span>strial customers <span class=\"_ _16e\"> </span><span class=\"fc4 ls0 ws0\">7.1 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">9.7 <span class=\"_ _49\"> </span></span>0.0 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _11c\"> </span></span>7.1 <span class=\"_ _b8\"> </span><span class=\"ff2f fc0 ls18\">9.7 </span></span>Grid revenue oth<span class=\"_ _92\"></span>er <span class=\"_ _3d\"> </span><span class=\"fc4 ls0 ws0\">105.8 <span class=\"_ _134\"> </span><span class=\"ff2f fc0 ls18\">288.1 <span class=\"_ _94\"> </span></span>171.8 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls31\">373.1<span class=\"_ _43\"></span> <span class=\"_ _94\"> </span></span>277.6 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">661.2 </span></span>T<span class=\"_ _14\"></span>otal grid revenue \u2013 Grid segment <span class=\"_ _aa\"> </span><span class=\"fc4 ls18 ws0\">554.9 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">896.7 <span class=\"_ _b\"> </span></span>180.1 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">412.5 <span class=\"_ _1e5\"> </span></span>735.0 <span class=\"_ _170\"> </span><span class=\"ff2c fc0\">1,309.3 </span></span>Other reve<span class=\"_ _92\"></span>nue \u2013 <span class=\"_ _43\"></span>Hydro segment <span class=\"_ _da\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _117\"> </span></span>  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _1cd\"> </span></span><span class=\"ls18\">6.2 <span class=\"_ _39\"> </span><span class=\"ff2c fc0\">7.0 </span></span></span>Other reve<span class=\"_ _92\"></span>nues \u2013 <span class=\"_ _43\"></span> New Renew<span class=\"_ _92\"></span>ables s<span class=\"_ _43\"></span>egment <span class=\"_ _e7\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _117\"> </span></span>  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _191\"> </span></span><span class=\"ls18\">17.1 <span class=\"_ _4d\"> </span><span class=\"ff2c fc0\">22.5 </span></span></span>Other rev<span class=\"_ _92\"></span>enue \u2013 <span class=\"_ _43\"></span>Sales segment <span class=\"_ _22c\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _f3\"> </span></span>  <span class=\"_ _117\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _b\"> </span></span><span class=\"ls18\">119.7 <span class=\"_ _1e2\"> </span><span class=\"ff2c fc0\">170.0 </span></span></span>Other reve<span class=\"_ _0\"></span>nue \u2013 Grid segment <span class=\"_ _10c\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _117\"> </span></span>  <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">  <span class=\"_ _e\"> </span></span><span class=\"ls18\">18.1 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">22.5 </span></span></span>Other reve<span class=\"_ _92\"></span>nue \u2013 <span class=\"_ _43\"></span>All other segments <span class=\"_ _12e\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _179\"> </span><span class=\"fc4 ls18\">44.1 <span class=\"_ _4d\"> </span><span class=\"ff2c fc0\">62.9 </span></span></span>Other rev<span class=\"_ _0\"></span>enue \u2013 reconciliation <span class=\"_ _120\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _49\"> </span><span class=\"fc4\">3.1 <span class=\"_ _1cd\"> </span></span><span class=\"ff2c ls18\">4.5 </span></span>T<span class=\"_ _14\"></span>otal of other revenue <span class=\"_ _1ae\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _f3\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _134\"> </span><span class=\"fc4 ls18\">208.4 <span class=\"_ _22d\"> </span><span class=\"ff2c fc0\">289.4 </span></span></span>T<span class=\"_ _14\"></span>otal revenue <span class=\"_ _13c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _16\"> </span><span class=\"fc4 ls18\">4,776.6 <span class=\"_ _175\"> </span><span class=\"ff2c fc0\">10,346.1<span class=\"_ _92\"></span> </span></span></span>In the 2022 re<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>orting period, \u20ac4.9m (previous year<span class=\"_ _43\"></span>:<span class=\"ls7d ws4cc\"> \u20ac4.4m) in measuremen<span class=\"_ _92\"></span>ts and realisations of </span>derivative finan<span class=\"_ _92\"></span>cial instruments in the trading ar<span class=\"_ _92\"></span>ea was recognised as r<span class=\"_ _92\"></span>evenue. T<span class=\"_ _14\"></span>o presen<span class=\"_ _92\"></span>t business performance mo<span class=\"_ _92\"></span>re accurately, <span class=\"_ _92\"></span>revenue from<span class=\"_ _92\"></span> energy trading is sho<span class=\"_ _92\"></span>wn as a net amount, i.e<span class=\"_ _92\"></span>. amounts realised and measur<span class=\"_ _92\"></span>ed ar<span class=\"ls64 ws886\">e each presented net of <span class=\"_ _92\"></span>expenses. As<span class=\"ls78 ws314\"> a result, \u20ac4,607.9m (pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: <span class=\"_ _88\"></span> </span></span>\u20ac<span class=\"ff2f\">\u2013</span> <span class=\"ff28 fs2 ls64 ws2f6\">1,718.6m) in expenses was pr<span class=\"_ _92\"></span>esented as a net amou<span class=\"ls63 ws3da\">nt in electricity reven<span class=\"_ _92\"></span>ue and \u20ac343.1m (previous </span></span>year<span class=\"_ _43\"></span>: \u20ac663.4m) in other reven<span class=\"_ _92\"></span>ue.<span class=\"_ _333\"> </span>Other re<span class=\"_ _92\"></span>venue <span class=\"_ _22e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Sale of gas <span class=\"_ _204\"> </span><span class=\"fc4 ls0 ws0\">75.0 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">119.8 </span></span>District heat<span class=\"ls0 ws0\">ing deliveries <span class=\"_ _22f\"> </span><span class=\"fc4\">39.7 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">59.8 </span></span>Sale of proof of origin and <span class=\"ls1a ws256\">green electricity certificates <span class=\"_ _ab\"> </span><span class=\"fc4 ls0 ws0\">39.8 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">47.0 </span></span></span>Consulting or planning services as w<span class=\"_ _92\"></span>ell as other services <span class=\"_ _230\"> </span><span class=\"fc4 ls0 ws0\">20.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">32.0 </span></span>Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">33.9 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls29\">30.9 </span>Other reve<span class=\"_ _92\"></span>nue<span class=\"_ _43\"></span> <span class=\"_ _1dc\"> </span><span class=\"fc4 ls18 ws0\">208.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">289.<span class=\"_ _92\"></span>4<span class=\"_ _333\"> </span></span></span>3.2.2  Ot<span class=\"_ _43\"></span>he<span class=\"_ _43\"></span>r re<span class=\"_ _43\"></span>ven<span class=\"_ _43\"></span>ue ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-22": {
   "value": "Measurement of contracts w<span class=\"_ _43\"></span>ith customers in acco<span class=\"_ _43\"></span>rdance with IFRS 15  Ty<span class=\"_ _63\"></span>p<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span> o<span class=\"_ _63\"></span>f<span class=\"_ _81\"></span> contract Contracts with customers  for the delivery of  electricity and gas Contracts with customers  as a result of operating  the Austrian electricity transmission network Contracts with customers  as a result of operating  the Austrian gas transmission and distribution network P<span class=\"_ _92\"></span>erformance/ counter<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>performance As a rule, the consideratio<span class=\"_ _92\"></span>n received for the contracts of the delivery of electricity and gas comprises a capacity price and an energy pri<span class=\"_ _92\"></span>ce. The capacity price is independent of volume, whereas th<span class=\"_ _92\"></span>e energy price depends on the volume of electricity and gas purchased. The services include mainly system, control power and balancing energy as w<span class=\"_ _92\"></span>ell as congestion managem<span class=\"_ _92\"></span>ent and redispatch services. The consideration received for these services depend<span class=\"_ _92\"></span>s largely on the electricity consumed by the customers and/o<span class=\"_ _92\"></span>r the costs incurred by VERBUND for each of these services. The services include the marketing and provision of transportation capacities at the border crossing points, i.e. entry and exit capacities, of transportation capacities for natural gas needed in Aus<span class=\"_ _92\"></span>tria as well as dispatching an<span class=\"_ _92\"></span>d other services. Revenue recognition Revenue is recognised as soon as the control over the <span class=\"_ _92\"></span>goods and/or services is trans<span class=\"_ _92\"></span>ferred to the customers. Contro<span class=\"_ _92\"></span>l is transferred over th<span class=\"_ _92\"></span>e period in which the service is rendered. Revenue is realised in the amount in which VERBUND has fulfilled its obligations with respect to the delivery of electricity and gas (i.e. t<span class=\"_ _92\"></span>he customer could purchase electricity and/or gas at any given time and/or has done so) and a right to invoice the service already rendered has been established.<span class=\"_ _92\"></span> Revenue is realised in the amount in which VERBUND has a right to invoice the services already rendered. Control is transferred over <span class=\"_ _92\"></span>the period in which the service is rendered. Revenue is realised in the amount in which VERBUND has a right to invoice the services already rendered. Control is transferred over <span class=\"_ _92\"></span>the period in which the service is rendered. Special circumstances With some contracts to deliver electricity and gas,<span class=\"_ _92\"></span> the customers are also billed for grid costs. Since VERBUND does not have any control over the grid services prior to the transfer to the cus<span class=\"_ _92\"></span>tomers. VERBUND should be regarded as an agent with respect to these services. Therefor<span class=\"_ _92\"></span>e, no revenue is recognised fo<span class=\"_ _92\"></span>r the grid services. none <span class=\"_ _1e4\"> </span>none ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "<div class=\"t m0 hd ff2b fs6 fc0 sc0 ls187 ws802 gs303\">Other operating inco<span class=\"_ _43\"></span>me <span class=\"_ _232\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs304\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs305\">Changes in invento<span class=\"_ _92\"></span>ry and own work capitalised <span class=\"_ _13\"> </span><span class=\"fc4 ls0 ws0\">54.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">57.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws2fb gs306\">Government grants<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs307\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs308\"> <span class=\"_ _233\"> </span><span class=\"fc4\">0.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">21.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs309\">V<span class=\"_ _92\"></span>arious goods and services <span class=\"_ _ed\"> </span><span class=\"fc4 ls0 ws0\">10.8 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">11.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs30a\">Income from (insurance) compensation <span class=\"_ _98\"> </span><span class=\"fc4 ls0 ws0\">20.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs30b\">Disposal of property<span class=\"_ _80\"></span>, plant and equipment and intangi<span class=\"_ _92\"></span>ble assets <span class=\"_ _234\"> </span><span class=\"fc4 ls0 ws0\">2.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.1<span class=\"_ _43\"></span> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs30c\">Rent and lease income <span class=\"_ _220\"> </span><span class=\"fc4 ls0 ws0\">2.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs30d\">Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">6.9 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">9.6 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs30e\">Other operating income <span class=\"_ _1ba\"> </span><span class=\"fc4 ls18 ws0\">97.4<span class=\"_ _92\"></span> <span class=\"_ _157\"> </span><span class=\"ff2c fc0\">113.1 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs30f\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3c ws3a gs310\"> relates to VERBUND Wi<span class=\"_ _92\"></span>nd Power Romania S.R.L </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls129 ws8df gs331\">Other operatin<span class=\"_ _92\"></span>g expenses <span class=\"_ _d1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs332\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs333\">T<span class=\"_ _92\"></span>hird-party maintenance of pow<span class=\"_ _92\"></span>er plants and line systems <span class=\"_ _6d\"> </span><span class=\"fc4 ls0 ws0\">104.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">111.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws25b gs334\">Other third-party <span class=\"ls46 ws2fb\">services received <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">45.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">71.9 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs335\">IT expenses <span class=\"_ _23e\"> </span><span class=\"fc4 ls0 ws0\">34.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">46.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs336\">Advertising e<span class=\"_ _92\"></span>xpenses and donations <span class=\"_ _6f\"> </span><span class=\"fc4 ls0 ws0\">16.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">39.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs337\">Legal, consulting and audit e<span class=\"_ _92\"></span>xpenses <span class=\"_ _23f\"> </span><span class=\"fc4 ls0 ws0\">19.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs338\">Expenses for supervis<span class=\"ls20 ws21\">ion by E-Control <span class=\"_ _1c1\"> </span><span class=\"fc4 ls0 ws0\">14.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">16.0 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs339\">Costs for personnel provided<span class=\"_ _92\"></span> <span class=\"_ _240\"> </span><span class=\"fc4 ls0 ws0\">14.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs33a\">T<span class=\"_ _14\"></span>ravel e<span class=\"_ _92\"></span>xpenses, advanced training <span class=\"_ _241\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">11.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs33b\">Compensation pa<span class=\"_ _92\"></span>yments <span class=\"_ _242\"> </span><span class=\"fc4 ls0 ws0\">10.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">11.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs33c\">Material costs for <span class=\"ls36 ws35\">motor vehicle operation and main<span class=\"_ _92\"></span>tenance <span class=\"_ _1a1\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gs33d\">Operating costs <span class=\"_ _164\"> </span><span class=\"fc4 ls0 ws0\">5.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws0 gs33e\">Insurance <span class=\"_ _243\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">6.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls18 ws0 gs33f\">Fees<span class=\"_ _92\"></span> <span class=\"_ _1f6\"> </span><span class=\"fc4 ls0\">7.6 <span class=\"_ _47\"> </span></span><span class=\"ff2f\">4.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs340\">Purchased telecommunication services <span class=\"_ _cc\"> </span><span class=\"fc4 ls0 ws0\">4.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">4.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ab ws813 gs341\">Usage fees <span class=\"_ _244\"> </span><span class=\"fc4 ls0 ws0\">3.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.5<span class=\"_ _43\"></span> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws34 gs342\">Membership fees <span class=\"_ _129\"> </span><span class=\"fc4 ls0 ws0\">3.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.3<span class=\"_ _43\"></span> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs343\">Concession fees <span class=\"_ _15c\"> </span><span class=\"fc4 ls0 ws0\">2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws24 gs344\">Expenses from the dispo<span class=\"_ _92\"></span>sal of property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t and  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws387 gs345\">intangible assets <span class=\"_ _245\"> </span><span class=\"fc4 ls0 ws0\">1.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">2.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs346\">Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">12.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">12.1 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs347\">Other operating expenses <span class=\"_ _1df\"> </span><span class=\"fc4 ls31 ws0\">31<span class=\"_ _43\"></span>8.3 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls18\">403.5</span></span><span class=\"fc4 ls31 ws0\"><span class=\"ff2c fc0 ls18\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "<div class=\"t m0 hd ff2b fs6 fc0 sc0 ls127 ws9b gs312\">Expenses for electricity<span class=\"_ _92\"></span>, grid, <span class=\"ls7f wsafb\">gas and certificates purchases <span class=\"_ _181\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs313\">  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs314\">Expenses for electricity purchases <span class=\"_ _13b\"> </span><span class=\"fc4 ls0 ws0\">2,463.7 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">6,503.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs315\">Expenses for gas purchases <span class=\"_ _1df\"> </span><span class=\"fc4 ls0 ws0\">83.2 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">225.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs316\">Expenses for grid purchases (system use) <span class=\"_ _107\"> </span><span class=\"fc4 ls0 ws0\">54.8 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">58.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs317\">Expenses for proof of origin and green electricity certi<span class=\"_ _92\"></span>ficate purchases <span class=\"_ _236\"> </span><span class=\"fc4 ls0 ws0\">1.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">9.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs318\">Purchase of emission rights <span class=\"_ _92\"></span>(trade) <span class=\"_ _fa\"> </span><span class=\"fc4 ls0 ws0\">9.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">5.3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs319\">Expenses for electricity<span class=\"_ _92\"></span>, grid, <span class=\"ls2c wsa8a\">gas and certificates purchases <span class=\"_ _189\"> </span><span class=\"fc4 ls18 ws0\">2,612.6<span class=\"_ _92\"></span> <span class=\"_ _2c\"> </span><span class=\"ff2c fc0\">6,802.4<span class=\"_ _333\"> </span></span></span></span><span class=\"ls2c wsa8a\"><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9b ws4f0 gs31a\">Fuel expenses and other usage-/re<span class=\"_ _92\"></span>venue-dependent expenses <span class=\"_ _1d5\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs31b\">  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs31c\">Use of natural gas <span class=\"_ _237\"> </span><span class=\"fc4 ls0 ws0\">192.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">405.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs31d\">Emission rights acquired in ex<span class=\"_ _92\"></span>change for consideration <span class=\"_ _1a4\"> </span><span class=\"fc4 ls0 ws0\">23.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">35.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs31e\">Other reven<span class=\"_ _92\"></span>ue-dependent expen<span class=\"_ _92\"></span>ses <span class=\"_ _e4\"> </span><span class=\"fc4 ls0 ws0\">24.8 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">34.8 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs31f\">Windfall tax e<span class=\"_ _92\"></span>xpenses <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc8 ws90e gs320\">Other usage-depe<span class=\"_ _92\"></span>ndent expenses <span class=\"_ _239\"> </span><span class=\"fc4 ls0 ws0\">8.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.1 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs321\">Fuel expenses and other usage-<span class=\"lscc ws1d\">/rev<span class=\"_ _92\"></span>enue-dependent<span class=\"_ _43\"></span> expenses <span class=\"_ _189\"> </span><span class=\"fc4 ls18 ws0\">250.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">522.1<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc ws1d\"><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws29c gs323\">P<span class=\"_ _14\"></span>ersonnel expenses <span class=\"_ _23a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs324\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs325\">W<span class=\"_ _92\"></span>ages and salaries <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">290.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">325.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs326\">Expenses for social security contributi<span class=\"ls2d ws33\">ons as r<span class=\"_ _92\"></span>equired by law as well as </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs327\">income-based charges and <span class=\"ls59 ws5a\">compul<span class=\"_ _92\"></span>sory contributions <span class=\"_ _3e\"> </span><span class=\"fc4 ls0 ws0\">65.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">73.5 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs328\">Other social expenses <span class=\"_ _23b\"> </span><span class=\"fc4\">5.2 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">6.8 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs329\">Subtotal <span class=\"_ _23c\"> </span><span class=\"fc4 ls18\">360.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">405.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs32a\">Expenses for pensions an<span class=\"ls5d ws5e\">d similar obligations <span class=\"_ _1bc\"> </span><span class=\"fc4 ls0 ws0\">18.7 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">17.8 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs32b\">Expenses for termination benefits <span class=\"_ _19b\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">5.3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs32c\">P<span class=\"_ _92\"></span>ersonnel expenses <span class=\"_ _23d\"> </span><span class=\"fc4 ls31 ws0\">383.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls18\">428.5 </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d wsb0b gs32d\">The pension fund contributions<span class=\"_ _43\"></span> to the defined contribution invest<span class=\"_ _43\"></span>ment and risk association<span class=\"_ _43\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 ws113 gs32e\">amounted to \u20ac8.1m (previous year: \u20ac7.6m) in th<span class=\"ls75 ws867\">e 2022 reporting period. Ex<span class=\"ls78 wsa42\">penses for termination </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb4 ws2b6 gs32f\">benefits included a tota<span class=\"_ _43\"></span>l of \u20ac3.2m (previous year<span class=\"_ _43\"></span>: \u20ac2.7m)<span class=\"_ _43\"></span> in contributions to an employee pens<span class=\"_ _43\"></span>ion fund.<span class=\"_ _333\"> </span> </div>Other operatin<span class=\"_ _92\"></span>g expenses <span class=\"_ _d1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>T<span class=\"_ _92\"></span>hird-party maintenance of pow<span class=\"_ _92\"></span>er plants and line systems <span class=\"_ _6d\"> </span><span class=\"fc4 ls0 ws0\">104.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">111.2 </span></span>Other third-party <span class=\"ls46 ws2fb\">services received <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">45.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">71.9 </span></span></span>IT expenses <span class=\"_ _23e\"> </span><span class=\"fc4 ls0 ws0\">34.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">46.0 </span></span>Advertising e<span class=\"_ _92\"></span>xpenses and donations <span class=\"_ _6f\"> </span><span class=\"fc4 ls0 ws0\">16.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">39.2 </span></span>Legal, consulting and audit e<span class=\"_ _92\"></span>xpenses <span class=\"_ _23f\"> </span><span class=\"fc4 ls0 ws0\">19.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.7 </span></span>Expenses for supervis<span class=\"ls20 ws21\">ion by E-Control <span class=\"_ _1c1\"> </span><span class=\"fc4 ls0 ws0\">14.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">16.0 </span></span></span>Costs for personnel provided<span class=\"_ _92\"></span> <span class=\"_ _240\"> </span><span class=\"fc4 ls0 ws0\">14.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.9 </span></span>T<span class=\"_ _14\"></span>ravel e<span class=\"_ _92\"></span>xpenses, advanced training <span class=\"_ _241\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">11.3 </span></span>Compensation pa<span class=\"_ _92\"></span>yments <span class=\"_ _242\"> </span><span class=\"fc4 ls0 ws0\">10.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">11.3 </span></span>Material costs for <span class=\"ls36 ws35\">motor vehicle operation and main<span class=\"_ _92\"></span>tenance <span class=\"_ _1a1\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span></span>Operating costs <span class=\"_ _164\"> </span><span class=\"fc4 ls0 ws0\">5.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.7 </span></span>Insurance <span class=\"_ _243\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">6.2 </span>Fees<span class=\"_ _92\"></span> <span class=\"_ _1f6\"> </span><span class=\"fc4 ls0\">7.6 <span class=\"_ _47\"> </span></span><span class=\"ff2f\">4.6 </span>Purchased telecommunication services <span class=\"_ _cc\"> </span><span class=\"fc4 ls0 ws0\">4.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">4.1 </span></span>Usage fees <span class=\"_ _244\"> </span><span class=\"fc4 ls0 ws0\">3.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.5<span class=\"_ _43\"></span> </span></span>Membership fees <span class=\"_ _129\"> </span><span class=\"fc4 ls0 ws0\">3.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.3<span class=\"_ _43\"></span> </span></span>Concession fees <span class=\"_ _15c\"> </span><span class=\"fc4 ls0 ws0\">2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.7 </span></span>Expenses from the dispo<span class=\"_ _92\"></span>sal of property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t and  intangible assets <span class=\"_ _245\"> </span><span class=\"fc4 ls0 ws0\">1.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">2.7 </span></span>Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">12.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">12.1 </span>Other operating expenses <span class=\"_ _1df\"> </span><span class=\"fc4 ls31 ws0\">31<span class=\"_ _43\"></span>8.3 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls18\">403.5</span></span><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs349\">3.2.7  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls10f ws254 gs34a\">Other oper<span class=\"_ _92\"></span>ating </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls1ff ws0 gs34b\">expen<span class=\"_ _43\"></span>ses<span class=\"_ _333\"> </span> </div>Measurement and realisatio<span class=\"_ _92\"></span><span class=\"ls151 wsb0c\">n<span class=\"_ _43\"></span> of en<span class=\"_ _43\"></span>ergy d<span class=\"_ _43\"></span>eriva<span class=\"_ _43\"></span>tive<span class=\"_ _43\"></span>s <span class=\"_ _115\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Realisation of futures <span class=\"_ _212\"> </span><span class=\"fc4 ls18 ws0\">1,041.7 <span class=\"_ _3c\"> </span><span class=\"ff2c fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">18.3 </span></span></span>of which negative <span class=\"_ _246\"> </span><span class=\"fc4 ls0 ws0\">2,129.7 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">4,039.4 </span></span>of which positive <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,088.0 <span class=\"_ _68\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4,057.7 </span></span></span>Measurements <span class=\"_ _247\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">772.0 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">876.3 </span></span></span>of which negative <span class=\"_ _246\"> </span><span class=\"fc4 ls0 ws0\">3,030.7 <span class=\"_ _aa\"> </span><span class=\"fc0\">6,998.5 </span></span>of which positive <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3,802.7 <span class=\"_ _10d\"> </span><span class=\"fc0\">\u2013<span class=\"fsa\"> </span>6,122.2 </span></span>Measurement and realisation of energy derivativ<span class=\"_ _92\"></span>es <span class=\"_ _36\"> </span><span class=\"fc4 ls18 ws0\">269.<span class=\"_ _92\"></span>7 <span class=\"_ _50\"> </span><span class=\"ff37 fc0 ls33\">858.0<span class=\"_ _333\"> </span></span></span>Depreciatio<span class=\"_ _92\"></span>n and amortisation <span class=\"_ _15c\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Depreciation of pro<span class=\"_ _92\"></span>perty<span class=\"_ _14\"></span>, plant and equipment <span class=\"_ _ce\"> </span><span class=\"fc4 ls0 ws0\">375.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">436.2 </span></span>Amortisation of intangible <span class=\"_ _92\"></span>assets <span class=\"_ _248\"> </span><span class=\"fc4 ls0 ws0\">12.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">16.8 </span></span>Depreciation of right<span class=\"_ _92\"></span>-of-use assets <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">29.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">9.7 </span></span>Depreciation and amortisation <span class=\"_ _239\"> </span><span class=\"fc4 ls18 ws0\">41<span class=\"_ _92\"></span>7.3 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">462.7<span class=\"_ _333\"> </span></span></span>Impairment losses and r<span class=\"_ _92\"></span>eversals <span class=\"_ _92\"></span>of impairment losses <span class=\"_ _168\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Mellach combined cycle gas turbine po<span class=\"_ _92\"></span>wer plant<span class=\"_ _333\"> </span>1 <span class=\"_ _10b\"> </span><span class=\"fc4\">25.2 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">129.6 </span>Deferred grants fo<span class=\"_ _92\"></span>r the Mellach combined cycle gas turbine po<span class=\"_ _92\"></span>wer plant<span class=\"_ _333\"> </span>1 <span class=\"_ _b5\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>0.7 <span class=\"_ _9c\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.6 </span></span>Gratkorn po<span class=\"_ _92\"></span>wer plant on the Mur Ri<span class=\"_ _92\"></span>ver<span class=\"_ _333\"> </span>1 <span class=\"_ _48\"> </span><span class=\"fc4\">0.0 <span class=\"_ _53\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">11.2 </span></span>Accrued construction cost<span class=\"ls27 ws27\"> contributions for th<span class=\"_ _92\"></span>e  </span>Gratkorn po<span class=\"_ _92\"></span>wer plant on the Mur Ri<span class=\"_ _92\"></span>ver<span class=\"_ _333\"> </span>1 <span class=\"_ _48\"> </span><span class=\"fc4\">0.0 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">0.7 </span>Goodwill of Gas Connect Austria<span class=\"_ _333\"> </span>2 <span class=\"_ _241\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>8.8 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">39.3 </span></span>Gas Connect Austria <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">2.2 </span></span></span>Goodwill Spanish renewables portfolio<span class=\"_ _333\"> </span>2 <span class=\"_ _cc\"> </span><span class=\"fc4\">0.0 <span class=\"_ _53\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">94.2 </span></span>Cash-generating units in the Spani<span class=\"_ _92\"></span>sh renewables portfolio<span class=\"_ _333\"> </span>1 <span class=\"_ _149\"> </span><span class=\"fc4\">0.0 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> <span class=\"_ _92\"></span><span class=\"fs8 ls18\">51.7 </span></span></span>Romanian wind farms <span class=\"_ _249\"> </span><span class=\"fc4 ls0 ws0\">58.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Malta and Reisseck storag<span class=\"_ _92\"></span>e group <span class=\"_ _1d2\"> </span><span class=\"fc4 ls0 ws0\">11.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Zemm-Ziller storage <span class=\"_ _92\"></span>group <span class=\"_ _212\"> </span><span class=\"fc4 ls0 ws0\">9.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Gries run-of-river po<span class=\"_ _92\"></span>wer plant <span class=\"_ _10a\"> </span><span class=\"fc4 ls0 ws0\">6.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Deferred contributions to building c<span class=\"_ _92\"></span>ost<span class=\"ls34 ws32\">s for the Gries run-of-river pow<span class=\"_ _92\"></span>er plant <span class=\"_ _18d\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></span>Graz pow<span class=\"_ _92\"></span>er plant on the Mur River <span class=\"_ _e8\"> </span><span class=\"fc4 ls0 ws0\">6.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Other <span class=\"_ _1f3\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>1.1 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.0 </span>Impairment losses and rev<span class=\"_ _92\"></span>ersals of impairment losses <span class=\"_ _28\"> </span><span class=\"fc4 ls18 ws0\">105.1 <span class=\"_ _3c\"> </span><span class=\"ff2c fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">71.8 </span></span></span>1 see section 4<span class=\"_ _43\"></span>.4.2 Impair<span class=\"_ _43\"></span>ment testin<span class=\"_ _43\"></span>g of power<span class=\"_ _43\"></span> plants for<span class=\"_ _43\"></span> details <span class=\"_ _43\"></span>on the chan<span class=\"_ _43\"></span>ges in valu<span class=\"_ _43\"></span>e of the Me<span class=\"_ _43\"></span>llach co<span class=\"_ _43\"></span>mbined cycle<span class=\"_ _43\"></span> gas tur<span class=\"ls200 wsb0d\">bine<span class=\"_ _43\"></span> power plant an<span class=\"_ _43\"></span>d the Gratkorn<span class=\"_ _43\"></span> power plant </span>on the Mur River<span class=\"_ _43\"></span> as well as on th<span class=\"_ _43\"></span>e cash-gener<span class=\"_ _43\"></span>ating units (CGUs) <span class=\"_ _43\"></span>of the Spanis<span class=\"_ _43\"></span>h renewables por<span class=\"_ _43\"></span>tfolio // 2 see secti<span class=\"_ _43\"></span>on 4.4.1 I<span class=\"_ _43\"></span>mpairment t<span class=\"_ _43\"></span>esting of g<span class=\"_ _43\"></span>oodwill f<span class=\"_ _43\"></span>or details<span class=\"_ _43\"></span> on changes<span class=\"_ _43\"></span> in the valu<span class=\"_ _43\"></span>e of goodw<span class=\"_ _43\"></span>il<span class=\"_ _333\"> </span>Interest expe<span class=\"_ _92\"></span>nses <span class=\"_ _166\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm</span></span><span class=\"ff2a fs7 ls0 ws0\"><span class=\"ls31\"> </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"ff2f fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Interest for financial liabilities under<span class=\"ls1d ws1e\"> closed items on the bal<span class=\"_ _92\"></span>ance sheet <span class=\"_ _24f\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls29\"> </span></span></span>Interest for bonds<span class=\"_ _92\"></span> <span class=\"_ _250\"> </span><span class=\"fc4 ls0 ws0\">10.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls49\"> </span></span>Interest for other liabilities from<span class=\"ls1d ws1e\"> elec<span class=\"_ _92\"></span>tricity supply commitments <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">13.7 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">12.7<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></span>Interest for bank l<span class=\"_ _92\"></span>oans <span class=\"_ _251\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">10.4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest on a shar<span class=\"_ _92\"></span>e redemption obligation <span class=\"_ _196\"> </span><span class=\"fc4 ls0 ws0\">6.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest for money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _ad\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Net interest expense on pe<span class=\"ls59 ws0\">rsonnel-<span class=\"_ _92\"></span>relate<span class=\"_ _43\"></span><span class=\"ls2f ws2c\">d liabilities <span class=\"_ _7f\"> </span></span><span class=\"fc4 ls0\">5.6 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">7.0<span class=\"_ _333\"> </span></span></span><span class=\"ls59 ws0\"><span class=\"ff2f ls18\"> </span></span>Interest to clearin<span class=\"_ _92\"></span>g banks <span class=\"_ _252\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest for other non-current pro<span class=\"_ _92\"></span>visions <span class=\"_ _e5\"> </span><span class=\"fc4 ls0 ws0\">1.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Borrowing costs capitalised in<span class=\"ls60 ws259\"> accordance with IAS 23 <span class=\"_ _1a4\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">6.<span class=\"_ _92\"></span>7<span class=\"_ _333\"> </span></span></span></span></span><span class=\"ls60 ws259\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0\"><span class=\"ls18\"> </span></span></span></span>Other interest and<span class=\"_ _0\"></span> similar expenses<span class=\"_ _92\"></span> <span class=\"_ _253\"> </span><span class=\"fc4 ls0 ws0\">5.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest expenses <span class=\"_ _254\"> </span><span class=\"fc4 ls18 ws0\">77.8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">101.<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\">7<span class=\"_ _333\"> </span></span></span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls208 wsb1d gs480\">Ta<span class=\"_ _63\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span>s<span class=\"_ _81\"></span> o<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span> i<span class=\"_ _63\"></span>n<span class=\"_ _81\"> </span>c<span class=\"_ _81\"></span>o<span class=\"_ _81\"></span>m<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span> <span class=\"_ _1dc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs481\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs482\">Current tax expen<span class=\"_ _92\"></span>ses<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs483\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs484\"> <span class=\"_ _ef\"> </span><span class=\"fc4\">250.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">582.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gs485\">Future tax e<span class=\"_ _92\"></span>xpense for subsequent taxation<span class=\"_ _92\"></span> of transfers of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs486\">losses from foreign members of the<span class=\"_ _92\"></span> tax group <span class=\"_ _25d\"> </span><span class=\"fc4 ls0 ws0\">5.2 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs487\">Deferred income tax expens<span class=\"_ _92\"></span>es <span class=\"_ _f2\"> </span><span class=\"fc4 ls0 ws0\">24.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">1.3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs488\">T<span class=\"_ _14\"></span>axes on income <span class=\"_ _25e\"> </span><span class=\"fc4 ls18 ws0\">279.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">583.4<span class=\"_ _92\"></span> </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs489\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls178 wsb07 gs48a\"> Current tax expenses include adjustments from prior perio<span class=\"_ _92\"></span>ds <span class=\"_ _43\"></span>of \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls4e ws50\">7.0m (previo<span class=\"_ _43\"></span>us year: income<span class=\"_ _43\"></span> \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ff2a ls42\">1.2m).<span class=\"_ _333\"> </span></span></span></span><span class=\"ls4e ws50\"><span class=\"ff2f ls0 ws0\"><span class=\"ff2a ls42\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-24": {
   "value": "Expenses for electricity<span class=\"_ _92\"></span>, grid, <span class=\"ls7f wsafb\">gas and certificates purchases <span class=\"_ _181\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Expenses for electricity purchases <span class=\"_ _13b\"> </span><span class=\"fc4 ls0 ws0\">2,463.7 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">6,503.0 </span></span>Expenses for gas purchases <span class=\"_ _1df\"> </span><span class=\"fc4 ls0 ws0\">83.2 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">225.6 </span></span>Expenses for grid purchases (system use) <span class=\"_ _107\"> </span><span class=\"fc4 ls0 ws0\">54.8 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">58.9 </span></span>Expenses for proof of origin and green electricity certi<span class=\"_ _92\"></span>ficate purchases <span class=\"_ _236\"> </span><span class=\"fc4 ls0 ws0\">1.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">9.6 </span></span>Purchase of emission rights <span class=\"_ _92\"></span>(trade) <span class=\"_ _fa\"> </span><span class=\"fc4 ls0 ws0\">9.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">5.3 </span></span>Expenses for electricity<span class=\"_ _92\"></span>, grid, <span class=\"ls2c wsa8a\">gas and certificates purchases <span class=\"_ _189\"> </span><span class=\"fc4 ls18 ws0\">2,612.6<span class=\"_ _92\"></span> <span class=\"_ _2c\"> </span><span class=\"ff2c fc0\">6,802.4<span class=\"_ _333\"> </span></span></span></span>Fuel expenses and other usage-/re<span class=\"_ _92\"></span>venue-dependent expenses <span class=\"_ _1d5\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Use of natural gas <span class=\"_ _237\"> </span><span class=\"fc4 ls0 ws0\">192.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">405.1 </span></span>Emission rights acquired in ex<span class=\"_ _92\"></span>change for consideration <span class=\"_ _1a4\"> </span><span class=\"fc4 ls0 ws0\">23.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">35.7 </span></span>Other reven<span class=\"_ _92\"></span>ue-dependent expen<span class=\"_ _92\"></span>ses <span class=\"_ _e4\"> </span><span class=\"fc4 ls0 ws0\">24.8 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">34.8 </span></span>Windfall tax e<span class=\"_ _92\"></span>xpenses <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.5 </span></span>Other usage-depe<span class=\"_ _92\"></span>ndent expenses <span class=\"_ _239\"> </span><span class=\"fc4 ls0 ws0\">8.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.1 </span></span>Fuel expenses and other usage-<span class=\"lscc ws1d\">/rev<span class=\"_ _92\"></span>enue-dependent<span class=\"_ _43\"></span> expenses <span class=\"_ _189\"> </span><span class=\"fc4 ls18 ws0\">250.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">522.1<span class=\"_ _333\"> </span></span></span></span>3.2.4  Expenses for electricity<span class=\"_ _14\"></span>, grid,  gas and certificates<span class=\"_ _92\"></span> purchases 3.2.5  Fuel expens<span class=\"_ _92\"></span>es and other usage-/ re<span class=\"_ _92\"></span>venue-depe<span class=\"_ _92\"></span>ndent expen<span class=\"_ _43\"></span>ses",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-23": {
   "value": "3.2.3  Other oper<span class=\"_ _92\"></span>ating income Other operating inco<span class=\"_ _43\"></span>me <span class=\"_ _232\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Changes in invento<span class=\"_ _92\"></span>ry and own work capitalised <span class=\"_ _13\"> </span><span class=\"fc4 ls0 ws0\">54.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">57.5 </span></span>Government grants<span class=\"_ _333\"> </span>1 <span class=\"_ _233\"> </span><span class=\"fc4\">0.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">21.4 </span>V<span class=\"_ _92\"></span>arious goods and services <span class=\"_ _ed\"> </span><span class=\"fc4 ls0 ws0\">10.8 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">11.4 </span></span>Income from (insurance) compensation <span class=\"_ _98\"> </span><span class=\"fc4 ls0 ws0\">20.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span>Disposal of property<span class=\"_ _80\"></span>, plant and equipment and intangi<span class=\"_ _92\"></span>ble assets <span class=\"_ _234\"> </span><span class=\"fc4 ls0 ws0\">2.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.1<span class=\"_ _43\"></span> </span></span>Rent and lease income <span class=\"_ _220\"> </span><span class=\"fc4 ls0 ws0\">2.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.1 </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">6.9 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">9.6 </span>Other operating income <span class=\"_ _1ba\"> </span><span class=\"fc4 ls18 ws0\">97.4<span class=\"_ _92\"></span> <span class=\"_ _157\"> </span><span class=\"ff2c fc0\">113.1 </span></span>1 relates to VERBUND Wi<span class=\"_ _92\"></span>nd Power Romania S.R.L ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "P<span class=\"_ _14\"></span>ersonnel expenses <span class=\"_ _23a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>W<span class=\"_ _92\"></span>ages and salaries <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">290.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">325.1 </span></span>Expenses for social security contributi<span class=\"ls2d ws33\">ons as r<span class=\"_ _92\"></span>equired by law as well as </span>income-based charges and <span class=\"ls59 ws5a\">compul<span class=\"_ _92\"></span>sory contributions <span class=\"_ _3e\"> </span><span class=\"fc4 ls0 ws0\">65.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">73.5 </span></span></span>Other social expenses <span class=\"_ _23b\"> </span><span class=\"fc4\">5.2 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">6.8 </span>Subtotal <span class=\"_ _23c\"> </span><span class=\"fc4 ls18\">360.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">405.3 </span></span>Expenses for pensions an<span class=\"ls5d ws5e\">d similar obligations <span class=\"_ _1bc\"> </span><span class=\"fc4 ls0 ws0\">18.7 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">17.8 </span></span></span>Expenses for termination benefits <span class=\"_ _19b\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">5.3 </span></span>P<span class=\"_ _92\"></span>ersonnel expenses <span class=\"_ _23d\"> </span><span class=\"fc4 ls31 ws0\">383.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls18\">428.5 </span></span>The pension fund contributions<span class=\"_ _43\"></span> to the defined contribution invest<span class=\"_ _43\"></span>ment and risk association<span class=\"_ _43\"></span> amounted to \u20ac8.1m (previous year: \u20ac7.6m) in th<span class=\"ls75 ws867\">e 2022 reporting period. Ex<span class=\"ls78 wsa42\">penses for termination </span></span>benefits included a tota<span class=\"_ _43\"></span>l of \u20ac3.2m (previous year<span class=\"_ _43\"></span>: \u20ac2.7m)<span class=\"_ _43\"></span> in contributions to an employee pens<span class=\"_ _43\"></span>ion fund.<span class=\"_ _333\"> </span>3.2.6  P<span class=\"_ _14\"></span>ersonnel e<span class=\"_ _92\"></span>xpenses<div class=\"t m0 hd ff2b fs6 fc0 sc0 lsd1 ws2e8 gsefe\">Non-current an<span class=\"_ _92\"></span>d current provis<span class=\"_ _0\"></span>ions <span class=\"_ _55\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gseff\">  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsf00\">  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsf01\">Provisions for pensions <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">429.7 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">301.2 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsf02\">Provisions for obligations  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsf03\">similar to pensions <span class=\"_ _13e\"> </span><span class=\"fc4 ls0 ws0\">143.9 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">98.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsf04\">Provisions for termination benefi<span class=\"_ _92\"></span>ts <span class=\"_ _65\"> </span><span class=\"fc4 ls0 ws0\">120.1 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls49\">9<span class=\"_ _43\"></span>3.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsf05\">Provisions for par<span class=\"ls27 ws27\">tial retireme<span class=\"_ _92\"></span>nt <span class=\"_ _1d8\"> </span><span class=\"fc4 ls0 ws0\">3.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.5 <span class=\"_ _16c\"> </span></span>1.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws25b gsf06\">Other personnel-related prov<span class=\"_ _92\"></span>isions <span class=\"_ _b5\"> </span><span class=\"fc4 ls0 ws0\">25.2 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">21.4 <span class=\"_ _9c\"> </span></span>26.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws25b gsf07\">Other provisions <span class=\"_ _194\"> </span><span class=\"fc4 ls0 ws0\">110.7 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">100.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2a fc4 ls0\">16.3 <span class=\"_ _ac\"> </span></span>15.4 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsf08\">Non-current and current pro<span class=\"_ _92\"></span>visions <span class=\"_ _60\"> </span><span class=\"fc4 ls18 ws0\">832.9 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">619.5 <span class=\"_ _133\"> </span></span>44.7 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">50.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span></div>9.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 ws963\">P<span class=\"_ _14\"></span>ersonnel provisions<span class=\"_ _333\"> </span></span><span class=\"ls118 ws963\"> </span>Exist<span class=\"_ _43\"></span>ing provisions for pensions and similar obligations as we<span class=\"_ _43\"></span>ll as obligations from termination benefits (c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount as at 31 <span class=\"_ _14\"></span>De<span class=\"_ _43\"></span>cember 2022:<span class=\"fc9 ls0 ws0\"> <span class=\"_ _63\"></span></span>\u20ac493.9m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac693.6m) were measured based on assumptions an<span class=\"_ _92\"></span>d estimates as at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. The key factors of in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nce included the discoun<span class=\"_ _92\"></span>t rate<span class=\"_ _92\"></span>, the estimated r<span class=\"_ _92\"></span>etirement a<span class=\"_ _92\"></span>ge and the estimat<span class=\"_ _92\"></span>ed life expectancy as well as future incr<span class=\"_ _92\"></span>eases in salaries and pension be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span>:  Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span>T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span>(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws63a gsf64\">Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2022 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsf65\">  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws90d gsf66\">assumption in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gsf67\">percentage </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws95a gsf68\">points or year<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 ws95a gsf69\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws0 gsf6a\">increases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsf6b\">change in net </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gsf6c\">liability of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gsf6d\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls30 ws0 gsf6e\">decreases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsf6f\">change in net </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gsf70\">liability of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsf71\">Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2.38 % <span class=\"_ _6c\"> </span>2.49 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsf72\">P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>5.17 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.76 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsf73\">Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">4.81 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.79 % </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws29c gsf74\">Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2022 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gsf75\">Change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws90d gsf76\">assumption in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gsf77\">percentage </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws95a gsf78\">points or year<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 ws95a gsf79\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws0 gsf7a\">increases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsf7b\">change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsf7c\">obligation of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gsf7d\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls30 ws0 gsf7e\">decreases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsf7f\">change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsf80\">obligation of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsf81\">Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.18 % <span class=\"_ _6c\"> </span>3.35 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsf82\">T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>6.81 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.18 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsf83\">Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.71 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.56 % </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls14c ws55e gsf84\">Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2022 <span class=\"_ _1cc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gsf85\">Change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws90d gsf86\">assumption in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gsf87\">percentage </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws95a gsf88\">points or year<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 ws95a gsf89\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws0 gsf8a\">increases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsf8b\">change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsf8c\">obligation of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gsf8d\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls30 ws0 gsf8e\">decreases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsf8f\">change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsf90\">obligation of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsf91\">Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.75 % <span class=\"_ _6c\"> </span>1.80 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gsf92\">Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.48 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsf93\">Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.00 % <span class=\"_ _6a\"> </span>0.00 % </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws63a gsf94\">Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2021 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsf95\">  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws90d gsf96\">assumption in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gsf97\">percentage </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws95a gsf98\">points or year<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 ws95a gsf99\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws0 gsf9a\">increases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsf9b\">change in net </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gsf9c\">liability of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gsf9d\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls30 ws0 gsf9e\">decreases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsf9f\">change in net </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gsfa0\">liability of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsfa1\">Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.10 % <span class=\"_ _6c\"> </span>3.27 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsfa2\">P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>6.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.01 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsfa3\">Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.54 % </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws29c gsfa4\">Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2021 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsfa5\">  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws90d gsfa6\">assumption in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gsfa7\">percentage </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws95a gsfa8\">points or year<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 ws95a gsfa9\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws0 gsfaa\">increases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsfab\">change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsfac\">obligation of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gsfad\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls30 ws0 gsfae\">decreases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsfaf\">change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsfb0\">obligation of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsfb1\">Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.94 % <span class=\"_ _6c\"> </span>4.20 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsfb2\">T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>8.35 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>7.46 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsfb3\">Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">7.00 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.66 %<span class=\"_ _333\"> </span></span></span><span class=\"ls26 ws26\"><span class=\"ls5b ws5c\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls14c ws55e gsfb5\">Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2021 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gsfb6\">Change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws90d gsfb7\">assumption in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gsfb8\">percentage </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws95a gsfb9\">points or year<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 ws95a gsfba\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws0 gsfbb\">increases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsfbc\">change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsfbd\">obligation of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gsfbe\">If assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls30 ws0 gsfbf\">decreases, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsfc0\">change in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsfc1\">obligation of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsfc2\">Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.91 % <span class=\"_ _6c\"> </span>1.97 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gsfc3\">Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.87 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.68 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsfc4\">Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.03 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>0.04 %<span class=\"_ _333\"> </span></span></span><span class=\"ls26 ws26\"><span class=\"ls5b ws5c\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls139 wsb0e gsfc5\">Reconcilia<span class=\"_ _43\"></span>tion from defin<span class=\"_ _43\"></span>ed benefit<span class=\"_ _43\"></span> obligation<span class=\"_ _43\"></span> to provision <span class=\"_ _2b7\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gsfc6\">  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsfc7\">  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gsfc8\">obligations </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gsfc9\">P<span class=\"_ _92\"></span>ension </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gsfca\">obligations </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls5d ws0 gsfcb\">Obligations </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls32 ws5a8 gsfcc\">similar to </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls36 ws0 gsfcd\">pensions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gsfce\">Obligations </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls32 ws5a8 gsfcf\">similar to </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws0 gsfd0\">pensions </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gsfd1\">Defined benefit obligation  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gsfd2\">cov<span class=\"_ _92\"></span>ered by plan assets <span class=\"_ _4c\"> </span><span class=\"fc4 ls0 ws0\">298.9 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">224.0 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsfd3\">Fair value of plan asse<span class=\"_ _92\"></span>ts <span class=\"_ _17e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>190.9 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">156.4 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsfd4\">Net value of obligations  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c wsa8a gsfd5\">cov<span class=\"_ _92\"></span>ered by plan assets <span class=\"_ _259\"> </span><span class=\"fc4 ls18 ws0\">108.0 <span class=\"_ _45\"> </span><span class=\"ff2c fc0\">67.6 <span class=\"_ _bd\"> </span></span><span class=\"ls0\">\u2013 <span class=\"_ _fe\"> </span><span class=\"ff2c fc0\">\u2013 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gsfd6\">Defined benefit obligation  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gsfd7\">not cov<span class=\"_ _92\"></span>ered by plan assets </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gsfd8\">321.6 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls31\">233.5<span class=\"_ _43\"></span> <span class=\"_ _3\"> </span></span>143.8 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">98.9 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gsfd9\">Carrying amount of pro<span class=\"_ _92\"></span>visions  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gsfda\">as at 31/12 </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls18 ws0 gsfdb\">429.6 <span class=\"_ _a3\"> </span><span class=\"ff2c fc0\">301.1 <span class=\"_ _125\"> </span></span><span class=\"ls49\">143.8 <span class=\"_ _133\"> </span></span><span class=\"ff2c fc0\">98.9 </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls187 ws802 gsfdc\">P<span class=\"_ _92\"></span>ension expenses <span class=\"_ _72\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gsfdd\">  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsfde\">  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gsfdf\">obligations </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gsfe0\">P<span class=\"_ _92\"></span>ension </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gsfe1\">obligations </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls5d ws0 gsfe2\">Obligations </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls32 ws5a8 gsfe3\">similar to </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls36 ws0 gsfe4\">pensions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gsfe5\">Obligations </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls32 ws5a8 gsfe6\">similar to </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws0 gsfe7\">pensions </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsfe8\">Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.4 <span class=\"_ _60\"> </span></span>2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ab ws813 gsfe9\">Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _1ca\"> </span><span class=\"fc4 ls0 ws0\">3.6 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">4.1 <span class=\"_ _24c\"> </span></span>1.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.8 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsfea\">P<span class=\"_ _92\"></span>ension expenses  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsfeb\">(recognised in profit for the period) <span class=\"_ _97\"> </span><span class=\"fc4 ls18 ws0\">7.9 <span class=\"_ _123\"> </span><span class=\"ff2c fc0\">7.5 <span class=\"_ _16e\"> </span></span>4.0 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">3.8 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsfec\">Remeasurements of the net liability <span class=\"_ _e3\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>56.5 <span class=\"_ _117\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">114.1 <span class=\"_ _125\"> </span></span></span>\u2013<span class=\"fsa\"> </span>26.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">44.1 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsfed\">P<span class=\"_ _92\"></span>ension expenses  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsfee\">(recognised in total comprehensive </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gsfef\">income for the period) <span class=\"_ _d3\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">48.6 <span class=\"_ _4b\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">106.6 <span class=\"_ _51\"> </span></span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls31\">22.3 <span class=\"_ _3c\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">40.3<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2c fc0\"><span class=\"ls18\"> </span></span></span></div>Reconciliation of define<span class=\"ls17a wsba5\">d ben<span class=\"_ _92\"></span>efit obligation  <span class=\"_ _27c\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Defined benefit obligation as at 1/1 <span class=\"_ _ba\"> </span><span class=\"fc4 ls0 ws0\">612.6 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">620.4 <span class=\"_ _53\"> </span></span>170.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">14<span class=\"_ _43\"></span>3.8 </span></span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _17d\"> </span><span class=\"fc4 ls0 ws0\">75.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.4 <span class=\"_ _60\"> </span></span>2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.0 </span></span>P<span class=\"_ _92\"></span>ension payments or contributions to supplementary h<span class=\"_ _92\"></span>ealth insurance (benefit pa<span class=\"_ _92\"></span>yments) <span class=\"_ _20e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>36.0 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">36.1 <span class=\"_ _133\"> </span></span></span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4.6 </span></span></span>Interest ex<span class=\"_ _92\"></span>penses <span class=\"_ _75\"> </span><span class=\"fc4 ls0 ws0\">4.9 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">6.1 <span class=\"_ _60\"> </span></span>1.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.8 </span></span>Remeasurements based on experience adju<span class=\"_ _92\"></span>stments <span class=\"_ _18f\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>12.0 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.4 <span class=\"_ _133\"> </span></span>\u2013<span class=\"fsa\"> </span>8.3 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.2 </span></span></span>Remeasurements arising from changes in demographic assumptions <span class=\"_ _e3\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _24c\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.5 </span></span>Remeasurements arising from changes in financial assumptions \u2013<span class=\"fsa\"> </span>28.6 <span class=\"_ _117\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">136.7 <span class=\"_ _157\"> </span></span></span>\u2013<span class=\"fsa\"> </span>18.0 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">43.4 </span></span>Defined benefit obligation as at 31/12 <span class=\"_ _53\"> </span><span class=\"fc4 ls18 ws0\">620.4 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">457.5 <span class=\"_ _157\"> </span></span><span class=\"ls49\">143.8 <span class=\"_ _133\"> </span></span><span class=\"ff2c fc0\">98.9 </span></span>On 31 <span class=\"_ _86\"></span>D<span class=\"_ _43\"></span>ecember 2022, the weighted aver<span class=\"_ _92\"></span>age du<span class=\"lsbc wsba6\">ration of the pension obligation was 10 <span class=\"_ _86\"></span>years </span>(previous year<span class=\"_ _43\"></span>: 13 <span class=\"_ _80\"></span>years) and that of the obligations<span class=\"_ _43\"></span><span class=\"ls70 wsba7\"> similar to pensions was 14 <span class=\"_ _80\"></span>years (previous year<span class=\"_ _43\"></span>: </span>17 years).<span class=\"_ _333\"> </span>Reconciliation of plan assets <span class=\"_ _79\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Fair value of plan assets <span class=\"_ _92\"></span>as at 1/1 <span class=\"_ _126\"> </span><span class=\"fc4 ls0 ws0\">157.1 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">190.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _17d\"> </span><span class=\"fc4 ls0 ws0\">30.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Contributions by VERBUND <span class=\"_ _17e\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.5 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>P<span class=\"_ _92\"></span>ayouts (ben<span class=\"_ _92\"></span>efit payments) <span class=\"_ _148\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>14.1 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">14.6 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Interest income <span class=\"_ _3e\"> </span><span class=\"fc4 ls0 ws0\">1.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">1.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Other gains (+) or<span class=\"_ _92\"></span> losses (\u2013) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">15.9 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">22.3 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Fair value of p<span class=\"_ _92\"></span>lan assets as at 31/12 <span class=\"_ _12e\"> </span><span class=\"fc4 ls18 ws0\">190.9 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">156.4 <span class=\"_ _162\"> </span></span><span class=\"ls0\">\u2013 <span class=\"_ _9e\"> </span><span class=\"ff2c fc0\">\u2013 </span></span></span>The investment and risk ass<span class=\"_ _43\"></span>ociation in th<span class=\"_ _43\"></span>e pension fund att<span class=\"_ _43\"></span>ributable<span class=\"_ _43\"></span> to VERBUND realised a loss of \u20ac20.4m in the 2022 reporting period (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: gain<span class=\"ls26 ws5d6\"> of \u20ac17.3m). The deficit r<span class=\"_ _92\"></span>epresents the portion </span>of pension obli<span class=\"_ _92\"></span>gations not cover<span class=\"_ _92\"></span>ed by plan assets; these rela<span class=\"_ _92\"></span>te primarily to direct commitmen<span class=\"_ _92\"></span>ts to pension recipients<span class=\"_ _92\"></span>. In the 2023 reporting period, curr<span class=\"_ _92\"></span><span class=\"ls96 ws509\">ent contributions to the pension fund for coverage </span>of defined contribution plans ar<span class=\"_ _92\"></span>e expected in the amount of \u20ac7.<span class=\"_ _92\"></span>0m (previous year<span class=\"_ _43\"></span>: \u20ac0.0m.).<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf7 ws2f7 gsffa\">Plan assets <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _123\"> </span><span class=\"ls134 wsb1b\">in % </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gsffb\">  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _18e\"> </span><span class=\"ls31\">  <span class=\"_ _3\"> </span></span><span class=\"ff2c fc0\">2022 <span class=\"_ _2\"> </span>2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsffc\">  <span class=\"_ _d\"> </span><span class=\"ff2f fc4 lscc\">Quoted <span class=\"_ _9a\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _f3\"> </span></span><span class=\"fc0\">Quoted <span class=\"_ _9d\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gsffd\">Shares <span class=\"_ _1db\"> </span><span class=\"fc4 ls0\">41.7 <span class=\"_ _9c\"> </span>41.7 <span class=\"_ _133\"> </span></span><span class=\"ff2f ls29\">37<span class=\"_ _43\"></span>.9 <span class=\"_ _12b\"> </span>37<span class=\"_ _43\"></span>.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gsffe\">Bonds <span class=\"_ _1b2\"> </span><span class=\"fc4 ls0\">33.6 <span class=\"_ _9c\"> </span>33.6 <span class=\"_ _133\"> </span></span><span class=\"ff2f ls31\">32.3 <span class=\"_ _ac\"> </span>32.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gsfff\">Money market <span class=\"_ _33\"> </span><span class=\"fc4 ls0 ws0\">7.0 <span class=\"_ _60\"> </span>7.0 <span class=\"_ _60\"> </span><span class=\"ff2f fc0 ls18\">7.6 <span class=\"_ _47\"> </span>7.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs1000\">Other investments <span class=\"_ _1a9\"> </span><span class=\"fc4 ls0 ws0\">17.7 <span class=\"_ _9c\"> </span>17.7 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">22.2 <span class=\"_ _12b\"> </span>22.2 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs1001\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _c0\"> </span><span class=\"fc4 ls18\">100.0 <span class=\"_ _125\"> </span>100.0 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">100.0 <span class=\"_ _3c\"> </span>100.0<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf7 ws2f7 gs1013\">Analysis of the<span class=\"_ _92\"></span> provisions f<span class=\"_ _92\"></span>or termination benefits <span class=\"_ _230\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1014\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs1015\">Provisions for statutory termination <span class=\"_ _92\"></span>benefits <span class=\"_ _c0\"> </span><span class=\"fc4 ls0 ws0\">119.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">93.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs1016\">Provisions fo<span class=\"_ _92\"></span>r termination benefits from special agreemen<span class=\"_ _92\"></span>ts  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1017\">in accordance with social plan </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs1018\">0.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.5 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs1019\">Carrying amount of pr<span class=\"ls1d ws35e\">o<span class=\"_ _92\"></span>visions as at 31/12 <span class=\"_ _282\"> </span><span class=\"fc4 ls18 ws0\">120.0<span class=\"_ _92\"></span> <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">93.9 </span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls26a wsbac gs101a\">Expen<span class=\"_ _43\"></span>se for termi<span class=\"_ _43\"></span>natio<span class=\"_ _43\"></span>n benefit<span class=\"_ _43\"></span> costs <span class=\"_ _2de\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs101b\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gs101c\">Service costs <span class=\"_ _1f4\"> </span><span class=\"fc4 ls0 ws0\">1.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ab ws813 gs101d\">Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs101e\">Expense for termination benefit costs (recognised in profit f<span class=\"_ _92\"></span>or the peri<span class=\"_ _43\"></span>od) <span class=\"_ _9e\"> </span><span class=\"fc4 ls18 ws0\">1.6 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.8 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs101f\">Remeasurements of termination be<span class=\"_ _92\"></span>nefits <span class=\"_ _eb\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">13.8 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs1020\">Expenses for termination benefit costs  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1021\">(recognised in total comprehensive income for the period) <span class=\"_ _40\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1.7 <span class=\"_ _51\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">12.0<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2c fc0\"><span class=\"ls18\"> </span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls187 ws7b9 gs1023\">Reconcilia<span class=\"_ _43\"></span>tion of defi<span class=\"_ _43\"></span>ned benefit<span class=\"_ _43\"></span> obligatio<span class=\"_ _43\"></span>n for statutory t<span class=\"_ _43\"></span>ermination <span class=\"_ _43\"></span>benefits  <span class=\"_ _6b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1024\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs1025\">Defined benefit obligation as at 1/1 <span class=\"_ _6f\"> </span><span class=\"fc4 ls0 ws0\">123.8 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">119.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1026\">Change in the basis of consolidation <span class=\"_ _29b\"> </span><span class=\"fc4 ls0 ws0\">10.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs1027\">Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _2df\"> </span><span class=\"fc4 ls0 ws0\">1.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws5a7 gs1028\">Interest ex<span class=\"_ _92\"></span>penses <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0 ws0\">0.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs1029\">T<span class=\"_ _14\"></span>ermination benefits (ben<span class=\"_ _92\"></span>efit payments) <span class=\"_ _2de\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>13.5 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> <span class=\"_ _92\"></span><span class=\"fs8 ls31\">1<span class=\"_ _43\"></span>3.7 </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs102a\">Remeasurements bas<span class=\"_ _92\"></span>ed on experience adjustm<span class=\"_ _92\"></span>ents <span class=\"_ _ae\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs102b\">Remeasurements arising f<span class=\"_ _92\"></span>rom changes in demographic assumptions<span class=\"_ _92\"></span> <span class=\"_ _13a\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs102c\">Remeasurements arising from chan<span class=\"_ _92\"></span><span class=\"ls0 ws0\">ges in financial assumptions <span class=\"_ _18f\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _53\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">16.2 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs102d\">Defined benefit obligation as at 31/12 <span class=\"_ _208\"> </span><span class=\"fc4 ls18 ws0\">119.1 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">93.4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls16e wsbad gs1037\">Reconcili<span class=\"_ _43\"></span>ation from defi<span class=\"_ _43\"></span>ned benefit<span class=\"_ _43\"></span> oblig<span class=\"_ _43\"></span>ation to p<span class=\"_ _43\"></span>rovisions <span class=\"_ _13a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1038\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs1039\">Defined benefit obligation co<span class=\"_ _92\"></span>vered by plan assets <span class=\"_ _1a7\"> </span><span class=\"fc4 ls0 ws0\">7.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs103a\">Fair value of plan asse<span class=\"_ _92\"></span>ts <span class=\"_ _2e0\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.1 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.1 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs103b\">Carrying amount of pr<span class=\"ls1d ws35e\">o<span class=\"_ _92\"></span>visions as at 31/12 <span class=\"_ _18\"> </span><span class=\"fc4 ls18 ws0\">4.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">5.0 </span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls12d ws353 gs103c\">Expenses for<span class=\"_ _92\"></span> partial retirement<span class=\"_ _92\"></span> <span class=\"_ _f5\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs103d\">  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gs103e\">Service costs <span class=\"_ _1f4\"> </span><span class=\"fc4 ls0 ws0\">1.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws0 gs103f\">Remeasurements <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0\">0.2 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.9 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs1040\">Expenses for partial re<span class=\"lsca ws30\">tirement (recognised in pr<span class=\"_ _92\"></span>ofit <span class=\"_ _43\"></span>for the period) <span class=\"_ _281\"> </span><span class=\"fc4 ls18 ws0\">1.7 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">2.5 </span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsd1 ws37d gs1041\">Reconciliation of defi<span class=\"ls17a wsbae\">ned ben<span class=\"_ _92\"></span>efit obligation <span class=\"_ _78\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1042\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs1043\">Defined benefit obligation as at 1/1 <span class=\"_ _20d\"> </span><span class=\"fc4 ls0 ws0\">7.8 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1044\">Change in the basis of consolidation <span class=\"_ _e0\"> </span><span class=\"fc4 ls0 ws0\">0.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs1045\">Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _2df\"> </span><span class=\"fc4 ls0 ws0\">1.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ab ws813 gs1046\">Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs1047\">P<span class=\"_ _92\"></span>ayments for early<span class=\"_ _92\"></span> retirement <span class=\"_ _2e1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">2.3 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws0 gs1048\">Remeasurements <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0\">0.6 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.9 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs1049\">Defined benefit obligation as at 31/12 <span class=\"_ _ad\"> </span><span class=\"fc4 ls18 ws0\">7.9 <span class=\"_ _16c\"> </span><span class=\"fc0\">8.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"fc0\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls152 ws770 gs1050\">Reconciliation of plan assets <span class=\"_ _26a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1051\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs1052\">Fair value of plan assets <span class=\"_ _92\"></span>as at 1/1 <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">3.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs1053\">Other gains (+) or<span class=\"_ _92\"></span> losses (\u2013) <span class=\"_ _c9\"> </span><span class=\"fc4 ls0 ws0\">0.4 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws31c gs1054\">Fair value of p<span class=\"_ _92\"></span>lan assets as at 31/12 <span class=\"_ _b7\"> </span><span class=\"fc4 ls31 ws0\">3.1 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">3.1 </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf7 ws2f7 gs1055\">Plan assets <span class=\"_ _2e2\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _123\"> </span><span class=\"ls134 wsb1b\">in % </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1056\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs1057\">Bonds <span class=\"_ _2e3\"> </span><span class=\"fc4 ls0\">100.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">100.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs1058\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _1f7\"> </span><span class=\"fc4 ls18\">100.0 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">100.0 </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls1de wsbaf gs1059\">Analysis of other personnel-related p<span class=\"_ _43\"></span>ro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions <span class=\"_ _253\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs105a\">  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs105b\">  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs105c\">Provision for bonuses from the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs105d\">performance-based  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs105e\">remuneration system  <span class=\"_ _2b5\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _162\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _9c\"> </span></span><span class=\"ls0\">26.4 <span class=\"_ _ac\"> </span></span><span class=\"ff2f fc0\">33.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs105f\">Provision for anniversary bonus<span class=\"_ _92\"></span>es <span class=\"_ _6b\"> </span><span class=\"fc4 ls0 ws0\">20.0 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">17.2 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs1060\">Other <span class=\"_ _2dd\"> </span><span class=\"fc4 ls0\">5.2 <span class=\"_ _24c\"> </span></span><span class=\"ff2f ls18\">4.1 <span class=\"_ _60\"> </span></span><span class=\"fc4 ls0\">0.5 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">0.2 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs1061\">Other personnel-related pro<span class=\"_ _92\"></span>visions <span class=\"_ _162\"> </span><span class=\"fc4 ls18 ws0\">25.2<span class=\"_ _92\"></span> <span class=\"_ _9a\"> </span><span class=\"ff2c fc0\">21.3 <span class=\"_ _133\"> </span></span>26.9 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">33.9 </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls12d wsbb0 gs1062\">Reconciliation of other pe<span class=\"ls14c ws55e\">r<span class=\"_ _92\"></span>sonnel-related pr<span class=\"_ _92\"></span>ovisions <span class=\"_ _1ca\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1063\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs1064\">Carrying amount as at 1/1 <span class=\"_ _d1\"> </span><span class=\"fc4 ls49 ws0\">4<span class=\"_ _43\"></span>3.5 <span class=\"_ _133\"> </span><span class=\"ff2c fc0 ls18\">52.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs1065\">of which non-current <span class=\"_ _1f5\"> </span><span class=\"fc4 ls0 ws0\">22.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">25.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1066\">of which current <span class=\"_ _2e4\"> </span><span class=\"fc4 ls0 ws0\">21.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">26.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1067\">Change in the basis of consolidation <span class=\"_ _e0\"> </span><span class=\"fc4 ls0 ws0\">5.9 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs1068\">New pro<span class=\"_ _0\"></span>visions <span class=\"_ _1d0\"> </span><span class=\"fc4 ls0 ws0\">20.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">28.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws31 gs1069\">Interest accrued <span class=\"_ _2d9\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws0 gs106a\">Appropriation <span class=\"_ _2c8\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>17.6 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">21.0<span class=\"_ _92\"></span> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs106b\">Reversal <span class=\"_ _2e5\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4.<span class=\"_ _92\"></span>1 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs106c\">Carrying amount as at 31/12 <span class=\"_ _26c\"> </span><span class=\"fc4 ls18 ws0\">52.1<span class=\"_ _92\"></span> <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">55.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs106d\">of which non-current <span class=\"_ _1f5\"> </span><span class=\"fc4 ls0 ws0\">25.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">21.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs106e\">of which current <span class=\"_ _2e4\"> </span><span class=\"fc4 ls0 ws0\">26.9 <span class=\"_ _de\"> </span><span class=\"fc0\">33.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"fc0\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "3.2.7  Other oper<span class=\"_ _92\"></span>ating expen<span class=\"_ _43\"></span>ses<span class=\"_ _333\"> </span>Other operatin<span class=\"_ _92\"></span>g expenses <span class=\"_ _d1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>T<span class=\"_ _92\"></span>hird-party maintenance of pow<span class=\"_ _92\"></span>er plants and line systems <span class=\"_ _6d\"> </span><span class=\"fc4 ls0 ws0\">104.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">111.2 </span></span>Other third-party <span class=\"ls46 ws2fb\">services received <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">45.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">71.9 </span></span></span>IT expenses <span class=\"_ _23e\"> </span><span class=\"fc4 ls0 ws0\">34.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">46.0 </span></span>Advertising e<span class=\"_ _92\"></span>xpenses and donations <span class=\"_ _6f\"> </span><span class=\"fc4 ls0 ws0\">16.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">39.2 </span></span>Legal, consulting and audit e<span class=\"_ _92\"></span>xpenses <span class=\"_ _23f\"> </span><span class=\"fc4 ls0 ws0\">19.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.7 </span></span>Expenses for supervis<span class=\"ls20 ws21\">ion by E-Control <span class=\"_ _1c1\"> </span><span class=\"fc4 ls0 ws0\">14.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">16.0 </span></span></span>Costs for personnel provided<span class=\"_ _92\"></span> <span class=\"_ _240\"> </span><span class=\"fc4 ls0 ws0\">14.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.9 </span></span>T<span class=\"_ _14\"></span>ravel e<span class=\"_ _92\"></span>xpenses, advanced training <span class=\"_ _241\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">11.3 </span></span>Compensation pa<span class=\"_ _92\"></span>yments <span class=\"_ _242\"> </span><span class=\"fc4 ls0 ws0\">10.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">11.3 </span></span>Material costs for <span class=\"ls36 ws35\">motor vehicle operation and main<span class=\"_ _92\"></span>tenance <span class=\"_ _1a1\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span></span>Operating costs <span class=\"_ _164\"> </span><span class=\"fc4 ls0 ws0\">5.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.7 </span></span>Insurance <span class=\"_ _243\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">6.2 </span>Fees<span class=\"_ _92\"></span> <span class=\"_ _1f6\"> </span><span class=\"fc4 ls0\">7.6 <span class=\"_ _47\"> </span></span><span class=\"ff2f\">4.6 </span>Purchased telecommunication services <span class=\"_ _cc\"> </span><span class=\"fc4 ls0 ws0\">4.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">4.1 </span></span>Usage fees <span class=\"_ _244\"> </span><span class=\"fc4 ls0 ws0\">3.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.5<span class=\"_ _43\"></span> </span></span>Membership fees <span class=\"_ _129\"> </span><span class=\"fc4 ls0 ws0\">3.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.3<span class=\"_ _43\"></span> </span></span>Concession fees <span class=\"_ _15c\"> </span><span class=\"fc4 ls0 ws0\">2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.7 </span></span>Expenses from the dispo<span class=\"_ _92\"></span>sal of property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t and  intangible assets <span class=\"_ _245\"> </span><span class=\"fc4 ls0 ws0\">1.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">2.7 </span></span>Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">12.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">12.1 </span>Other operating expenses <span class=\"_ _1df\"> </span><span class=\"fc4 ls31 ws0\">31<span class=\"_ _43\"></span>8.3 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls18\">403.5</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-25": {
   "value": "3.2.7  Other oper<span class=\"_ _92\"></span>ating expen<span class=\"_ _43\"></span>ses<span class=\"_ _333\"> </span>Other operatin<span class=\"_ _92\"></span>g expenses <span class=\"_ _d1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>T<span class=\"_ _92\"></span>hird-party maintenance of pow<span class=\"_ _92\"></span>er plants and line systems <span class=\"_ _6d\"> </span><span class=\"fc4 ls0 ws0\">104.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">111.2 </span></span>Other third-party <span class=\"ls46 ws2fb\">services received <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">45.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">71.9 </span></span></span>IT expenses <span class=\"_ _23e\"> </span><span class=\"fc4 ls0 ws0\">34.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">46.0 </span></span>Advertising e<span class=\"_ _92\"></span>xpenses and donations <span class=\"_ _6f\"> </span><span class=\"fc4 ls0 ws0\">16.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">39.2 </span></span>Legal, consulting and audit e<span class=\"_ _92\"></span>xpenses <span class=\"_ _23f\"> </span><span class=\"fc4 ls0 ws0\">19.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.7 </span></span>Expenses for supervis<span class=\"ls20 ws21\">ion by E-Control <span class=\"_ _1c1\"> </span><span class=\"fc4 ls0 ws0\">14.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">16.0 </span></span></span>Costs for personnel provided<span class=\"_ _92\"></span> <span class=\"_ _240\"> </span><span class=\"fc4 ls0 ws0\">14.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.9 </span></span>T<span class=\"_ _14\"></span>ravel e<span class=\"_ _92\"></span>xpenses, advanced training <span class=\"_ _241\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">11.3 </span></span>Compensation pa<span class=\"_ _92\"></span>yments <span class=\"_ _242\"> </span><span class=\"fc4 ls0 ws0\">10.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">11.3 </span></span>Material costs for <span class=\"ls36 ws35\">motor vehicle operation and main<span class=\"_ _92\"></span>tenance <span class=\"_ _1a1\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span></span>Operating costs <span class=\"_ _164\"> </span><span class=\"fc4 ls0 ws0\">5.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.7 </span></span>Insurance <span class=\"_ _243\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">6.2 </span>Fees<span class=\"_ _92\"></span> <span class=\"_ _1f6\"> </span><span class=\"fc4 ls0\">7.6 <span class=\"_ _47\"> </span></span><span class=\"ff2f\">4.6 </span>Purchased telecommunication services <span class=\"_ _cc\"> </span><span class=\"fc4 ls0 ws0\">4.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">4.1 </span></span>Usage fees <span class=\"_ _244\"> </span><span class=\"fc4 ls0 ws0\">3.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.5<span class=\"_ _43\"></span> </span></span>Membership fees <span class=\"_ _129\"> </span><span class=\"fc4 ls0 ws0\">3.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.3<span class=\"_ _43\"></span> </span></span>Concession fees <span class=\"_ _15c\"> </span><span class=\"fc4 ls0 ws0\">2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.7 </span></span>Expenses from the dispo<span class=\"_ _92\"></span>sal of property<span class=\"_ _14\"></span>, plant and equipmen<span class=\"_ _92\"></span>t and  intangible assets <span class=\"_ _245\"> </span><span class=\"fc4 ls0 ws0\">1.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">2.7 </span></span>Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">12.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">12.1 </span>Other operating expenses <span class=\"_ _1df\"> </span><span class=\"fc4 ls31 ws0\">31<span class=\"_ _43\"></span>8.3 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls18\">403.5</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "<div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws552 gs34d\">Measurement and realisatio<span class=\"_ _92\"></span><span class=\"ls151 wsb0c\">n<span class=\"_ _43\"></span> of en<span class=\"_ _43\"></span>ergy d<span class=\"_ _43\"></span>eriva<span class=\"_ _43\"></span>tive<span class=\"_ _43\"></span>s <span class=\"_ _115\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs34e\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs34f\">Realisation of futures <span class=\"_ _212\"> </span><span class=\"fc4 ls18 ws0\">1,041.7 <span class=\"_ _3c\"> </span><span class=\"ff2c fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">18.3 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs350\">of which negative <span class=\"_ _246\"> </span><span class=\"fc4 ls0 ws0\">2,129.7 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">4,039.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs351\">of which positive <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,088.0 <span class=\"_ _68\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4,057.7 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls32 ws0 gs352\">Measurements <span class=\"_ _247\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">772.0 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">876.3 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs353\">of which negative <span class=\"_ _246\"> </span><span class=\"fc4 ls0 ws0\">3,030.7 <span class=\"_ _aa\"> </span><span class=\"fc0\">6,998.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs354\">of which positive <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3,802.7 <span class=\"_ _10d\"> </span><span class=\"fc0\">\u2013<span class=\"fsa\"> </span>6,122.2 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs355\">Measurement and realisation of energy derivativ<span class=\"_ _92\"></span>es <span class=\"_ _36\"> </span><span class=\"fc4 ls18 ws0\">269.<span class=\"_ _92\"></span>7 <span class=\"_ _50\"> </span><span class=\"ff37 fc0 ls33\">858.0<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff37 fc0 ls33\"> </span></span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs37f\">3.2.8  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsf1 wsb0e gs380\">Measurement of </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsc3 wsb0f gs381\">energy<span class=\"_ _92\"></span> derivativ<span class=\"_ _92\"></span>es<span class=\"_ _333\"> </span> </div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls11a ws583 gsba9\">Net results b<span class=\"_ _92\"></span>y measurement catego<span class=\"_ _92\"></span>ries </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb2 ws70f gsbaa\">Results in accordance with IFRS <span class=\"_ _87\"></span>7 comprise mainly impairment losses and reversals of impairment </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gsbab\">losses<span class=\"_ _92\"></span>, foreign exchange g<span class=\"_ _92\"></span>ains and losses and realised g<span class=\"_ _92\"></span>ains or losses on disposal.  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls84 ws85c gsbac\">Net results by measurement categories  <span class=\"_ _dd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsbad\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsbae\">Financial assets and liabilities measured <span class=\"_ _92\"></span>at<span class=\"ls59 ws5a\"> fair value through profit or loss <span class=\"_ _ba\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>41.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">101.1 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsbaf\">Financial assets and liabilities measured <span class=\"_ _92\"></span>at<span class=\"ls1a ws1c\"> fair value through profit or loss \u2013  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b4 ws0 gsbb0\">designated <span class=\"_ _28f\"> </span><span class=\"fc4 ls0\">20.6 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls49\">2<span class=\"_ _43\"></span>3.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsbb1\">Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _78\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>21.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.8 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws853 gsbb2\">Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _1db\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.3 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">15.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2fd gsbb3\">Financial assets measured at fair value through  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsbb4\">other comprehensive income <span class=\"_ _11a\"> </span><span class=\"fc4 ls0 ws0\">23.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">4.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsbb5\">T<span class=\"_ _14\"></span>otal interest expenses from financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l <span class=\"ls62 ws64\">liabilities measured at amortised cost <span class=\"_ _16c\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>62.1 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">86.9 </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsbb6\">T<span class=\"_ _14\"></span>otal interest income from financial <span class=\"ls1e ws1f\">asse<span class=\"_ _92\"></span>ts measured at amortised cost <span class=\"_ _2bc\"> </span><span class=\"fc4 ls0 ws0\">40.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">42.4 </span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls12a ws586 gsbb7\">Components<span class=\"_ _92\"></span> of the net result<span class=\"_ _92\"></span>s <span class=\"_ _2bd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsbb8\">Measurement category <span class=\"_ _23\"> </span><span class=\"ls5a ws0\">Notes </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsbb9\">Financial assets and liabilities </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws43 gsbba\">measured at fair value through  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls45 ws44 gsbbb\">profit or loss </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gsbbc\">The results arose fro<span class=\"_ _92\"></span>m the measurement of derivative financial instruments in <span class=\"_ _92\"></span>the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsbbd\">energy area (wholesale and trading) in th<span class=\"ls32 ws2e\">e operating result <span class=\"_ _92\"></span>(electricity revenue),  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsbbe\">as well as from the measur<span class=\"_ _92\"></span>ement of (other) derivative and non-d<span class=\"_ _92\"></span>erivative financial </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsbbf\">instruments in the finance area <span class=\"ls27 ws27\">in the other <span class=\"_ _92\"></span>financial result. </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsbc0\">Financial assets and liabilities </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws43 gsbc1\">measured at fair value through  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsbc2\">profit or loss \u2013 designated </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gsbc3\">The results arose from the measurement<span class=\"ls34 ws32\"> of financial l<span class=\"_ _92\"></span>iabilities to banks  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gsbc4\">(closed items on the bal<span class=\"_ _92\"></span>ance sheet). These results have to<span class=\"_ _92\"></span> be seen alongside an </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws2fb gsbc5\">equal amount of opposing results from <span class=\"ls2a ws28\">financial assets and liabilities that are </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gsbc6\">measured at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue through profit or <span class=\"ls2d ws33\">loss and net results from financ<span class=\"_ _92\"></span>ial assets </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws63 gsbc7\">and liabilities that are measured at cost. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsbc8\">Financial assets and liabilities </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws31 gsbc9\">measured at amortised cost<span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gsbca\">The net results rel<span class=\"_ _92\"></span>ate primarily to fina<span class=\"ls2a ws28\">ncial instruments in connection with <span class=\"_ _92\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gsbcb\">closed items on the bal<span class=\"_ _92\"></span>ance sheet in the other financial result as <span class=\"_ _92\"></span>well as to </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gsbcc\">valuation allowances on tra<span class=\"_ _92\"></span>de receivables in the operating resul<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-26": {
   "value": "Measurement and realisatio<span class=\"_ _92\"></span><span class=\"ls151 wsb0c\">n<span class=\"_ _43\"></span> of en<span class=\"_ _43\"></span>ergy d<span class=\"_ _43\"></span>eriva<span class=\"_ _43\"></span>tive<span class=\"_ _43\"></span>s <span class=\"_ _115\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Realisation of futures <span class=\"_ _212\"> </span><span class=\"fc4 ls18 ws0\">1,041.7 <span class=\"_ _3c\"> </span><span class=\"ff2c fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">18.3 </span></span></span>of which negative <span class=\"_ _246\"> </span><span class=\"fc4 ls0 ws0\">2,129.7 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">4,039.4 </span></span>of which positive <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,088.0 <span class=\"_ _68\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4,057.7 </span></span></span>Measurements <span class=\"_ _247\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">772.0 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">876.3 </span></span></span>of which negative <span class=\"_ _246\"> </span><span class=\"fc4 ls0 ws0\">3,030.7 <span class=\"_ _aa\"> </span><span class=\"fc0\">6,998.5 </span></span>of which positive <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3,802.7 <span class=\"_ _10d\"> </span><span class=\"fc0\">\u2013<span class=\"fsa\"> </span>6,122.2 </span></span>Measurement and realisation of energy derivativ<span class=\"_ _92\"></span>es <span class=\"_ _36\"> </span><span class=\"fc4 ls18 ws0\">269.<span class=\"_ _92\"></span>7 <span class=\"_ _50\"> </span><span class=\"ff37 fc0 ls33\">858.0<span class=\"_ _333\"> </span></span></span>3.2.8  Measurement of energy<span class=\"_ _92\"></span> derivativ<span class=\"_ _92\"></span>es<span class=\"_ _333\"> </span>Other financial<span class=\"_ _92\"></span> result <span class=\"_ _251\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Measurement of an obligation to return an in<span class=\"_ _92\"></span>terest<span class=\"_ _333\"> </span>1 <span class=\"_ _70\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>23.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.6 </span>Measurement of deriva<span class=\"_ _92\"></span>tive financial instruments in the financ<span class=\"_ _92\"></span>e area <span class=\"_ _20b\"> </span><span class=\"fc4 ls0 ws0\">2.4 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.4 </span></span>Income from securities and loans <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">3.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange gains <span class=\"_ _255\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange losses <span class=\"_ _77\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.4 </span></span></span>Change in expected credit losses <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.<span class=\"_ _92\"></span>1 </span></span></span>Measurement of a pro<span class=\"_ _92\"></span>fit participation ri<span class=\"ls74 ws68\">ght with resp<span class=\"_ _92\"></span>ect to material assets<span class=\"_ _333\"> </span></span>2 <span class=\"_ _1d4\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">22.7<span class=\"_ _92\"></span> </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.3 </span></span></span>Other financial result <span class=\"_ _ef\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">15.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.6 </span></span></span>1 The obligation<span class=\"_ _43\"></span> to transfer <span class=\"_ _43\"></span>the 50 % interest<span class=\"_ _43\"></span> in Donaukra<span class=\"_ _43\"></span>ftwerk Jochenste<span class=\"_ _43\"></span>in AG to the <span class=\"_ _43\"></span>Free State of Bav<span class=\"_ _43\"></span>aria without exch<span class=\"_ _43\"></span>ange of<span class=\"ls4c ws4e\"> cons<span class=\"_ _43\"></span>ideration is<span class=\"_ _43\"></span> measured at a<span class=\"_ _43\"></span>mortised cos<span class=\"_ _43\"></span>t. </span>The expecte<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span> fair value of the i<span class=\"_ _92\"></span>nterest at the transfer date (31 December 2050) i<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>calculated pe<span class=\"_ _92\"></span>riodically and discounted based<span class=\"_ _92\"></span><span class=\"ls4d ws6d8\"> on the or<span class=\"_ _43\"></span>iginal effe<span class=\"_ _43\"></span>ctive interest ra<span class=\"_ _43\"></span>te </span>(correspondin<span class=\"_ _43\"></span>g to the w<span class=\"_ _43\"></span>eighted aver<span class=\"_ _43\"></span>age cost<span class=\"_ _43\"></span> of capital at<span class=\"_ _43\"></span> the acquis<span class=\"_ _43\"></span>ition date<span class=\"_ _43\"></span>). Chan<span class=\"_ _43\"></span>ges in the ex<span class=\"_ _43\"></span>pected fair<span class=\"_ _43\"></span> value of th<span class=\"_ _43\"></span>e inte<span class=\"ls39 ws37\">rest are recognised in the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other financial re<span class=\"_ _92\"></span>sult. See </span>section 8.2 O<span class=\"_ _43\"></span>ther long-t<span class=\"_ _43\"></span>erm liabilit<span class=\"_ _43\"></span>ies // 2 The profit p<span class=\"_ _43\"></span>articipation<span class=\"_ _43\"></span> right exists wit<span class=\"_ _43\"></span>h respect to the <span class=\"_ _43\"></span>material assets<span class=\"_ _43\"></span> of TAG. They<span class=\"_ _43\"></span> are measu<span class=\"_ _43\"></span>red at fair value th<span class=\"_ _43\"></span>rough pr<span class=\"_ _43\"></span>of<span class=\"ls201 wsb11\">it or loss in </span>accordance with<span class=\"_ _43\"></span> IFRS 9<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>As a rule, the changes in value<span class=\"_ _43\"></span> of derivative<span class=\"_ _43\"></span> financial instruments<span class=\"_ _43\"></span> related to closed items on t<span class=\"_ _43\"></span>he balance sheet, <span class=\"_ _92\"></span>and the liabilities measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s are, in principle<span class=\"_ _92\"></span>, also<span class=\"_ _43\"></span> recognised in the oth<span class=\"_ _92\"></span>er financial resul<span class=\"_ _92\"></span>t. However<span class=\"_ _14\"></span>, the effec<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s on pr<span class=\"_ _92\"></span>ofit or loss of these two items balan<span class=\"_ _92\"></span>ce each other out an<span class=\"_ _92\"></span>d were therefo<span class=\"_ _92\"></span>re not included in the abo<span class=\"_ _92\"></span>ve table.<span class=\"_ _333\"> </span>Investme<span class=\"_ _92\"></span>nts, non-current r<span class=\"_ _92\"></span>eceivables from deriv<span class=\"_ _92\"></span>ative financial instrument<span class=\"_ _43\"></span>s and non-current other receivables <span class=\"_ _74\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _21f\"> </span><span class=\"ff2f fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _2\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>Investments \u2013 closed items on <span class=\"_ _92\"></span>the balance sheet <span class=\"_ _294\"> </span><span class=\"fc4 ls0 ws0\">376.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">407.3 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 closed items on the balance she<span class=\"_ _92\"></span>et<span class=\"_ _333\"> </span>2 <span class=\"_ _144\"> </span><span class=\"fc4\">70.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.5 </span>Other investments and other r<span class=\"_ _92\"></span>eceivables <span class=\"_ _262\"> </span><span class=\"fc4 ls0 ws0\">523.2 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">538.1 </span></span>Other receivables from derivativ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> financial instruments<span class=\"_ _333\"> </span>2 <span class=\"_ _194\"> </span><span class=\"fc4\">454.9 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">405.8 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _295\"> </span><span class=\"fc4 ls18\">1,425.3 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,382.7<span class=\"_ _333\"> </span></span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. // 2 see section<span class=\"_ _43\"></span> 6.2 Rece<span class=\"_ _43\"></span>ivables <span class=\"_ _43\"></span>from derivat<span class=\"_ _43\"></span>ive fina<span class=\"_ _43\"></span>ncial instr<span class=\"_ _43\"></span>uments Investments \u2013 <span class=\"_ _92\"></span>cross-border leasing and closed items on the balance sheet <span class=\"_ _1ad\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Securities (loan stock rights) under closed items on the balance sheet Other loans under closed items on the balance sheet To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _158\"> </span><span class=\"ls0 ws0\">67.7 <span class=\"_ _3\"> </span>309.2 <span class=\"_ _127\"> </span>376.9 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">4.0 <span class=\"_ _9c\"> </span>16.8 <span class=\"_ _de\"> </span>20.8 </span>Additions <span class=\"_ _cd\"> </span><span class=\"ls0\">2.7 <span class=\"_ _60\"> </span>3.5 <span class=\"_ _61\"> </span>6.2 </span>Capitalised interest <span class=\"_ _296\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _9c\"> </span>11.2 <span class=\"_ _de\"> </span>11.3 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>7.8 </span>Amortised acquisition <span class=\"ls22 ws62\">cost as at 31/1<span class=\"_ _43\"></span>2 <span class=\"_ _2f\"> </span><span class=\"ls49 ws0\">73.2 <span class=\"_ _53\"> </span><span class=\"ls31\">334.1 <span class=\"_ _16a\"> </span><span class=\"ls18\">407.3 </span></span></span></span>of which non-current assets <span class=\"_ _ce\"> </span><span class=\"ls0 ws0\">73.2 <span class=\"_ _3\"> </span>334.1 <span class=\"_ _127\"> </span>407.3<span class=\"_ _333\"> </span></span>4.7.1  Inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ments,  non-cur<span class=\"_ _92\"></span>rent receiva<span class=\"_ _43\"></span>ble<span class=\"_ _43\"></span>s from deriva<span class=\"_ _92\"></span>tive financi<span class=\"_ _92\"></span>al instruments and  non-cur<span class=\"_ _92\"></span>rent other receiva<span class=\"_ _43\"></span>ble<span class=\"_ _43\"></span>s<span class=\"_ _333\"> </span>Investments \u2013 <span class=\"_ _92\"></span>cross-border leasing and closed items on the balance sheet <span class=\"_ _1ad\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Securities (loan stock rights) under closed items on the balance sheet Other loans under closed items on the balance sheet To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _158\"> </span><span class=\"ls0 ws0\">60.7 <span class=\"_ _3\"> </span>279.3 <span class=\"_ _127\"> </span>340.0 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">4.8 <span class=\"_ _9c\"> </span>20.1 <span class=\"_ _de\"> </span>24.8 </span>Additions <span class=\"_ _cd\"> </span><span class=\"ls0\">2.6 <span class=\"_ _60\"> </span>4.8 <span class=\"_ _61\"> </span>7.4 </span>Capitalised interest <span class=\"_ _296\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _9c\"> </span>11.1 <span class=\"_ _de\"> </span>11.2 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.5 </span>Amortised acquisition <span class=\"ls22 ws62\">cost as at 31/1<span class=\"_ _43\"></span>2 <span class=\"_ _2f\"> </span><span class=\"ls18 ws0\">67.7 <span class=\"_ _125\"> </span>309.2 <span class=\"_ _3\"> </span>376.9 </span></span>of which non-current assets <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">67.7 <span class=\"_ _3\"> </span>309.2 <span class=\"_ _127\"> </span>376.9<span class=\"_ _333\"> </span></span>Other investments and non-cu<span class=\"_ _43\"></span>rrent other receivables  <span class=\"_ _18a\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Loans to affiliated companies \u2013 not included in the basis of consolidation  Loans to inves<span class=\"_ _43\"></span>t<span class=\"_ _43\"></span>ees<span class=\"_ _43\"></span> Securities (loan stock rights) Other loans <span class=\"_ _1d1\"> </span><span class=\"ls16b ws0\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span>2022 <span class=\"_ _30\"> </span><span class=\"ls31\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _9c\"> </span>  </span>Cost as at 1/1 <span class=\"_ _27\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _4a\"> </span>24.6 <span class=\"_ _68\"> </span>148.8 <span class=\"_ _a3\"> </span>5.6 <span class=\"_ _24\"> </span>179.1 </span>Additions from  business acquisitions <span class=\"_ _199\"> </span><span class=\"ls0 ws0\">1.2 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _6c\"> </span>1.2 </span>Additions <span class=\"_ _70\"> </span><span class=\"ls0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _66\"> </span>32.4 <span class=\"_ _a3\"> </span>0.1 <span class=\"_ _2c\"> </span>32.5 </span>Reclassifications <span class=\"_ _2e\"> </span><span class=\"ls0\">1.5 <span class=\"_ _4a\"> </span>34.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _2c\"> </span>36.0 </span>Cost as at 31/12 <span class=\"_ _186\"> </span><span class=\"ls18 ws0\">2.7 <span class=\"_ _4b\"> </span>59.1 <span class=\"_ _23\"> </span>181.2 <span class=\"_ _15f\"> </span>5.7 <span class=\"_ _b8\"> </span>248.8 </span>Accumulated value adjustments <span class=\"_ _92\"></span> as at 1/1 <span class=\"_ _74\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _fd\"> </span>\u2013<span class=\"fsa\"> </span>10.4 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _1b3\"> </span>\u2013<span class=\"fsa\"> </span>10.4 </span>Impairment losses <span class=\"_ _11d\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4b\"> </span>\u2013<span class=\"fsa\"> </span>9.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4f\"> </span>\u2013<span class=\"fsa\"> </span>9.1 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _fe\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _6c\"> </span>0.5 </span>Disposals <span class=\"_ _1e1\"> </span><span class=\"ls0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4b\"> </span>\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4f\"> </span>\u2013<span class=\"fsa\"> </span>1.3 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s  as at 31/12 <span class=\"_ _73\"> </span><span class=\"ls18 ws0\">0.0<span class=\"_ _92\"></span> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _24\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">20.3 <span class=\"_ _15f\"> </span></span></span>0.0 <span class=\"_ _11c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">20.3 </span></span></span>Net carrying amount as at 31/12 <span class=\"_ _130\"> </span><span class=\"ls18 ws0\">2.7 <span class=\"_ _4b\"> </span>59.1 <span class=\"_ _fd\"> </span>160.9 <span class=\"_ _6a\"> </span>5.7 <span class=\"_ _1b3\"> </span>228.5 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _138\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _4a\"> </span>24.6 <span class=\"_ _10f\"> </span>138.4 <span class=\"_ _a3\"> </span>5.6 <span class=\"_ _24\"> </span>168.7 </span>Net carrying amount of other non-<span class=\"_ _333\"> </span>current receivables as at 31/12<span class=\"_ _333\"> </span>1 <span class=\"_ _6b\"> </span><span class=\"ls31\">  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">341.1 </span></span>Net carrying amount of other non-<span class=\"_ _333\"> </span>current receivables as at 1/1<span class=\"_ _333\"> </span>1 <span class=\"_ _1d8\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _1cd\"> </span>424.7 T<span class=\"_ _14\"></span>otal net carrying amount  as at 31/12 <span class=\"_ _178\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">569.6 </span></span>T<span class=\"_ _14\"></span>otal net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _1d4\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _1cd\"> </span>593.4 </span>1 incl. the carr<span class=\"_ _43\"></span>ying amoun<span class=\"_ _43\"></span>t of interest<span class=\"_ _43\"></span> rate swaps \u2013 <span class=\"_ _43\"></span>closed items<span class=\"_ _43\"></span> on balan<span class=\"_ _43\"></span>ce sheet; ex<span class=\"_ _43\"></span>cl. other non<span class=\"_ _43\"></span>-current r<span class=\"_ _43\"></span>eceivables from<span class=\"_ _43\"></span> der<span class=\"ls4d ws4f\">iva<span class=\"_ _43\"></span>tive finan<span class=\"_ _43\"></span>cial instru<span class=\"_ _43\"></span>ment<span class=\"_ _333\"> </span></span><span class=\"ls4d ws4f\">s<span class=\"_ _333\"> </span></span>Other investments and non-cu<span class=\"_ _43\"></span>rrent other receivables<span class=\"_ _333\"> </span>1  <span class=\"_ _100\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Loans to inves<span class=\"_ _43\"></span>t<span class=\"_ _43\"></span>ees<span class=\"_ _43\"></span> Securities (loan stock rights) Other loans <span class=\"_ _59\"> </span><span class=\"ls16b ws0\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _81\"></span> </span>2021 <span class=\"_ _c3\"> </span><span class=\"ls0\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _60\"> </span>  <span class=\"_ _24c\"> </span>  <span class=\"_ _61\"> </span>  </span></span>Cost as at 1/1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _4b\"> </span>73.7 <span class=\"_ _2c\"> </span>147.5 <span class=\"_ _53\"> </span>5.4 <span class=\"_ _66\"> </span>226.8 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _157\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>7.1 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>7.1 </span>Additions <span class=\"_ _ae\"> </span><span class=\"ls0\"> <span class=\"_ _6a\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.2 <span class=\"_ _127\"> </span>0.2 </span>Disposals <span class=\"_ _99\"> </span><span class=\"ls0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>1.5 </span>Reclassifications <span class=\"_ _34\"> </span><span class=\"ls0\"> <span class=\"_ _24\"> </span>\u2013<span class=\"fsa\"> </span>49.1 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>4.3 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>53.4 </span>Cost as at 31/12 <span class=\"_ _2f\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _2c\"> </span><span class=\"ls18\">24.6<span class=\"_ _92\"></span> <span class=\"_ _4f\"> </span>148.8 <span class=\"_ _53\"> </span>5.6 <span class=\"_ _26\"> </span>179.1 </span></span>Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _8\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _119\"> </span>\u2013<span class=\"fsa\"> </span>18.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>18.5 </span>Rev<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rsal of impairment losses<span class=\"_ _92\"></span> <span class=\"_ _58\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>5.6 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2\"> </span>5.6 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _b5\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>0.9 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>0.9 </span>Disposals <span class=\"_ _99\"> </span><span class=\"ls0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>1.6 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2\"> </span>1.6 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _a8\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _6a\"> </span><span class=\"ls18\">0.0 <span class=\"_ _1d1\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">10.4 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _4f\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">10.4 </span></span>Net carrying amount as at 31/12 <span class=\"_ _e3\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _2c\"> </span><span class=\"ls18\">24.6 <span class=\"_ _119\"> </span>138.4 <span class=\"_ _125\"> </span>5.6 <span class=\"_ _2c\"> </span>168.7 </span></span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _19f\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _4b\"> </span>73.7 <span class=\"_ _2c\"> </span>129.0 <span class=\"_ _53\"> </span>5.4 <span class=\"_ _66\"> </span>208.2 </span>Net carrying amount of other non- current receivables as at 31/12<span class=\"_ _333\"> </span>2 <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _24c\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _10d\"> </span><span class=\"ls18\">424.7 </span></span>Net carrying amount of other non- current receivables as at 1/1<span class=\"_ _333\"> </span>2 <span class=\"_ _123\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _119\"> </span>146.4 T<span class=\"_ _14\"></span>otal net carrying amount as at 31/12 <span class=\"_ _a5\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _24c\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _10d\"> </span><span class=\"ls49\">593.4 </span></span></span>T<span class=\"_ _14\"></span>otal net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _55\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _130\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _119\"> </span>354.7 </span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. // 2 incl. the car<span class=\"_ _43\"></span>rying amount o<span class=\"_ _43\"></span>f interest ra<span class=\"_ _43\"></span>te swaps \u2013 cl<span class=\"_ _43\"></span>osed items <span class=\"_ _43\"></span>on balance <span class=\"_ _43\"></span>sheet;  excl. other non-c<span class=\"_ _92\"></span>urrent receivables from deriva<span class=\"_ _92\"></span>tive financial instruments<span class=\"_ _333\"> </span>Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _1d\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Assets \u2013 balance sheet items <span class=\"_ _a4\"> </span><span class=\"ff2f ls32 ws0\">Measurement </span>categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l <span class=\"_ _1e6\"> </span><span class=\"ls1a\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>15.4 <span class=\"_ _2\"> </span>15.4 </span></span>Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">13.6 <span class=\"_ _2\"> </span>13.6 </span></span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _b8\"> </span>27.4 <span class=\"_ _2\"> </span>27.4 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>121.2 <span class=\"_ _6a\"> </span>121.2 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">15.1 <span class=\"_ _2\"> </span>15.1 </span></span></span>Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">192.7 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>369.7 <span class=\"_ _6a\"> </span>369.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>36.2 <span class=\"_ _2\"> </span>36.2 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>31.5 <span class=\"_ _2\"> </span>31.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _27f\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">437.3 <span class=\"_ _14b\"> </span></span>  </span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>152.4 <span class=\"_ _6a\"> </span>152.4 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _119\"> </span>7.3 <span class=\"_ _ac\"> </span>7.3 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _a9\"> </span><span class=\"ls1c\">AC <span class=\"_ _119\"> </span><span class=\"ls0\">1.3 <span class=\"_ _de\"> </span>1.3 </span></span></span>Securities \u2013 closed items on th<span class=\"_ _92\"></span>e balance sheet <span class=\"_ _111\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>73.2 <span class=\"_ _16a\"> </span>71.2 </span></span>Other loans \u2013 closed item<span class=\"ls5e ws5f\">s on the balance sheet <span class=\"_ _14a\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>334.1 <span class=\"_ _6a\"> </span>335.9 </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>59.1 <span class=\"_ _2\"> </span>53.4 </span></span>Loans to affiliated companies <span class=\"_ _32\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>2.7 <span class=\"_ _de\"> </span>2.7 </span></span>Other loans <span class=\"_ _298\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.8 <span class=\"_ _de\"> </span>5.0 </span></span>Other <span class=\"_ _26c\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">3 <span class=\"_ _1b3\"> </span>21.2 <span class=\"_ _2\"> </span>21.2 </span></span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">250.2 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.3 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other inve<span class=\"_ _92\"></span>stments and non-current other receivables <span class=\"_ _299\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">945.5 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _119\"> </span>4.7 <span class=\"_ _ac\"> </span>4.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,820.7 <span class=\"_ _5a\"> </span>1,820.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>8.3 <span class=\"_ _ac\"> </span>8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls29\">1,833.7 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">968.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">57.9 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>3.5 <span class=\"_ _ac\"> </span>3.0 </span></span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _4f\"> </span>0.2 <span class=\"_ _de\"> </span>0.2 </span></span>Emission rights <span class=\"_ _e0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">49.0 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">428.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.7 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _b4\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,546.1 <span class=\"_ _14b\"> </span></span>  </span>Cash and cash equivalents <span class=\"_ _a0\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _179\"> </span><span class=\"ls18\">409.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _125\"> </span>  <span class=\"_ _14b\"> </span>  </span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _146\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,592.4 <span class=\"_ _93\"> </span>  </span></span>Financial assets measured at fair value through  profit or loss <span class=\"_ _6f\"> </span><span class=\"ws0\">FVPL <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,444.8 <span class=\"_ _14b\"> </span>  </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _13c\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _21\"> </span>201.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _148\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Liabilities \u2013 balance sheet items <span class=\"_ _19c\"> </span><span class=\"ff2f ls247 ws0\">Measurement </span>categories in accordance with IFRS 9 Level <span class=\"_ _17\"> </span><span class=\"ls24b\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Bonds <span class=\"_ _29a\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,151.0 <span class=\"_ _15f\"> </span>956.5 </span></span>Financial liabilities to <span class=\"ls1f ws25a\">banks and to others <span class=\"_ _1a2\"> </span></span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span></span>2 <span class=\"_ _5d\"> </span>2,304.6 <span class=\"_ _5a\"> </span>2,323.5 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _266\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>126.6 <span class=\"_ _6a\"> </span>140.2 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _4e\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _8\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _21\"> </span>312.3 <span class=\"_ _6a\"> </span>312.3 </span></span>Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _199\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">7.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Put liability <span class=\"_ _239\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">52.1 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls38\">3,95<span class=\"_ _43\"></span>3.9 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,069.2 <span class=\"_ _5a\"> </span>1,069.2 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,069.2<span class=\"_ _92\"></span> <span class=\"_ _93\"> </span><span class=\"ls31\">  </span></span></span>Electricity supply commitment <span class=\"_ _101\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">113.4 <span class=\"_ _d9\"> </span></span>\u2013 </span>Obligation to return an interest <span class=\"_ _135\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _21\"> </span>116.7 <span class=\"_ _6a\"> </span>124.5 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">2.8 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _21\"> </span></span>126.0 <span class=\"_ _14b\"> </span>  Deferred income<span class=\"_ _43\"></span> for grants (emiss<span class=\"_ _43\"></span>ion rights) <span class=\"_ _1e4\"> </span><span class=\"ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls0\">0.1 <span class=\"_ _d9\"> </span><span class=\"ls31\">\u2013 </span></span></span>Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">204.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other non-current liabilities  <span class=\"_ _1a7\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls49\">5<span class=\"_ _43\"></span>63.4 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _5\"> </span>216.7 <span class=\"_ _15f\"> </span>216.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,274.9 <span class=\"_ _5a\"> </span>1,274.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,491.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">412.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _1b3\"> </span></span>10.8 <span class=\"_ _93\"> </span>  Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">467.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">144.6 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade payables and other liabilities <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,035.8 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _49\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _1ad\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _49\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>4,838.6 <span class=\"_ _93\"> </span>  </span></span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss <span class=\"_ _29b\"> </span><span class=\"ws0\">FVPL <span class=\"_ _11c\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,560.8 <span class=\"_ _93\"> </span>  </span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _21\"> </span>312.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _1b3\"> </span>13.4 <span class=\"_ _127\"> </span>13.4 Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _4f\"> </span>0.6 <span class=\"_ _de\"> </span>0.6 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>1 <span class=\"_ _1b3\"> </span>29.7 <span class=\"_ _127\"> </span>29.7 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>117.0 <span class=\"_ _15f\"> </span>117.0 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _1b3\"> </span>16.4 <span class=\"_ _127\"> </span>16.4 Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">177.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>454.9 <span class=\"_ _6a\"> </span>454.9 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>70.3 <span class=\"_ _2\"> </span>70.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">525.2 <span class=\"_ _14b\"> </span></span>  </span>Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _29e\"></span>130.4 <span class=\"_ _29f\"></span>130.4 Securities FVOCI <span class=\"_ _2a0\"></span>3 <span class=\"_ _2a1\"></span>6.7 <span class=\"_ _2a2\"></span>6.7 Securities FVOCI <span class=\"_ _2a3\"></span>AC <span class=\"_ _2a1\"></span>1.3 <span class=\"_ _2a2\"></span>1.3 Securities \u2013 closed items on the balance sheet <span class=\"_ _e7\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>67.7 <span class=\"_ _127\"> </span>65.4 Other loans \u2013 closed items on the balance sheet <span class=\"_ _35\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>309.2 <span class=\"_ _6a\"> </span>328.9 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>24.6 <span class=\"_ _127\"> </span>23.8 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>5.6 <span class=\"_ _de\"> </span>6.0 Other FVPL <span class=\"_ _2a4\"></span>3 <span class=\"_ _2a5\"></span>43.5 <span class=\"_ _2a6\"></span>43.5 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>274.5 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>36.5 <span class=\"_ _2ac\"></span>\u2013 Other inve<span class=\"_ _92\"></span>stments and non-current other receivables   <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">900.1 <span class=\"_ _93\"> </span></span>  Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _1b3\"> </span>31.3 <span class=\"_ _2\"> </span>31.3 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,941.3 <span class=\"_ _5a\"> </span>1,771.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,972.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span>AC <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>818.4 <span class=\"_ _d9\"> </span>\u2013 Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>57.6 <span class=\"_ _d9\"> </span>\u2013 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>49.1 <span class=\"_ _127\"> </span>49.6 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _de\"> </span>0.0 Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _2ad\"></span>4.3 <span class=\"_ _2ae\"></span>4.3 Emission rights <span class=\"_ _e0\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>31.2 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>334.7 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>38.1 <span class=\"_ _2ac\"></span>\u2013 T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _2af\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>1,333.4 <span class=\"_ _93\"> </span>  </span>Cash and cash equivalents <span class=\"_ _c6\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _15e\"> </span><span class=\"ls18\">318.6 <span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _333\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial assets at amor<span class=\"ls59 ws5a\">tised cost <span class=\"_ _bf\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,260.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair value thro<span class=\"ls0 ws0\">u<span class=\"_ _92\"></span>gh profit or loss <span class=\"_ _d5\"> </span>FVPL <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,676.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair valu<span class=\"_ _92\"></span>e through other comprehensive income <span class=\"_ _118\"> </span>FVOCI <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>185.2 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _16b\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Liabilities \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Bonds AC <span class=\"_ _2b0\"></span>2 <span class=\"_ _2b1\"></span>990.6 <span class=\"_ _2b2\"></span>1,019.8 Financial liabilities to banks<span class=\"ls46 ws2fb\"> and to others <span class=\"_ _1a2\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _22d\"> </span>1,858.8 <span class=\"_ _5a\"> </span>1,740.2 </span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance sheet <span class=\"_ _31\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>117.1 <span class=\"_ _6a\"> </span>150.9 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance<span class=\"ls19 ws184\"> sheet <span class=\"_ _288\"> </span>FVPL \u2013 D <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>330.1 <span class=\"_ _15f\"> </span>330.1 </span>Capital shares attributable <span class=\"ls0 ws0\">to limited partners <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _d9\"> </span>\u2013 </span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _21d\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>734.8 <span class=\"_ _6a\"> </span>734.8 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">734.8 <span class=\"_ _14b\"> </span></span>  </span>Electricity supply commitment <span class=\"_ _2a\"> </span>\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>126.5 <span class=\"_ _d9\"> </span>\u2013 Obligation to return an interest <span class=\"_ _135\"> </span>AC <span class=\"_ _8\"> </span>3 <span class=\"_ _5\"> </span>140.4 <span class=\"_ _6a\"> </span>243.3 T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>2.1 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>86.0 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>107.2 <span class=\"_ _2b3\"></span>\u2013 Non-current other liabilities <span class=\"_ _287\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">462.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>117.4 <span class=\"_ _6a\"> </span>117.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>3,190.1 <span class=\"_ _5a\"> </span>3,755.1 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.9 <span class=\"_ _de\"> </span>5.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current)   <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>3,313.3 <span class=\"_ _93\"> </span>  T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _5\"> </span>293.6 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>8.3 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>324.8 <span class=\"_ _2b3\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2b4\"></span>109.8 <span class=\"_ _29d\"></span>\u2013 T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _1a6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">736.4 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilities at amor<span class=\"_ _92\"></span>tised cost <span class=\"_ _2b5\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _5d\"> </span>3,834.5 <span class=\"_ _93\"> </span>  Financial liabilities at f<span class=\"_ _92\"></span>air value thro<span class=\"ls5d ws5e\">ugh profit or loss <span class=\"_ _e3\"> </span>FVPL <span class=\"_ _49\"> </span>  <span class=\"_ _5d\"> </span>4,048.1 <span class=\"_ _93\"> </span>  </span>Financial liabilities at <span class=\"ls60 ws259\">fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span>FVPL \u2013 D <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>330.1 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>Of the derivative fin<span class=\"_ _92\"></span>ancial instruments in the energy<span class=\"_ _92\"></span> area classified as FVPL in the abo<span class=\"_ _92\"></span>ve table, positive fair values in the amoun<span class=\"_ _0\"></span>t of \u20ac1,012.1m (pre<span class=\"ls79 ws3a9\">vious year:<span class=\"_ _43\"></span> \u20ac504.1m) and negative fair values in the </span>amount of \u20ac2,491.9m (previous year: \u20ac2,425.8m) relate to hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships designated as c<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>sh flow hedges. T<span class=\"_ _92\"></span>hese fair values repr<span class=\"_ _92\"></span>esent gross am<span class=\"_ _92\"></span>ounts<span class=\"_ _43\"></span>; following the inter-<span class=\"_ _92\"></span>portfolio netting carried out in accordan<span class=\"_ _92\"></span>ce with VERBUND\u2019<span class=\"_ _14\"></span>s accounting policies (see sec<span class=\"_ _92\"></span>tion <span class=\"_ _88\"></span>11.2 Risk management in<span class=\"_ _92\"></span> the energy area), cash flow hedges can no longer be<span class=\"_ _43\"></span> isolated.<span class=\"_ _333\"> </span>Expected cash outflows as<span class=\"_ _92\"></span> at 31/12/2022 <span class=\"_ _277\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _a5\"> </span><span class=\"ls31\">\u20acm </span></span>Maturity <span class=\"_ _241\"> </span><span class=\"ff2f ls18\">2023 <span class=\"_ _7\"> </span>2024 <span class=\"_ _177\"> </span>2025\u2013<span class=\"fsa ls0\"> </span><span class=\"ls17\">2027 <span class=\"_ _17a\"> </span><span class=\"ls49 ws31a\">From 2028 </span></span></span>Bonds <span class=\"_ _206\"> </span><span class=\"ls0\">28.4 <span class=\"_ _21\"> </span>528.5 <span class=\"_ _1c\"> </span>60.9 <span class=\"_ _7\"> </span>692.7 </span>Financial liabilities to banks<span class=\"_ _333\"> </span>1 <span class=\"_ _2bb\"> </span>65.0 <span class=\"_ _11\"> </span>101.4 <span class=\"_ _11\"> </span>693.1 <span class=\"_ _8\"> </span>414.1 Financial liabilit<span class=\"lscc ws25e\">ies to others <span class=\"_ _2b8\"> </span><span class=\"ls0 ws0\">6.4 <span class=\"_ _11\"> </span>152.9 <span class=\"_ _26\"> </span>1.7 <span class=\"_ _23\"> </span>22.5 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet<span class=\"_ _333\"> </span>2 <span class=\"_ _1a1\"> </span>21.1 <span class=\"_ _1c\"> </span>15.8 <span class=\"_ _11\"> </span>439.1 <span class=\"_ _fd\"> </span>27.3 Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _112\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _26\"> </span>7.3 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 </span></span>Cash outflows on <span class=\"ls5d\">financial liabilities <span class=\"_ _4e\"> </span><span class=\"ls18 ws0\">120.9 <span class=\"_ _5\"> </span>805.<span class=\"_ _92\"></span>9 <span class=\"_ _22d\"> </span>1,194.8 <span class=\"_ _1e5\"> </span>1,156.7 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _137\"> </span><span class=\"ls0 ws0\">412.7 <span class=\"_ _1c5\"> </span>0.7 <span class=\"_ _26\"> </span>1.7 <span class=\"_ _4b\"> </span>0.4 </span>Other <span class=\"_ _26a\"> </span><span class=\"ls0\">467.7 <span class=\"_ _11\"> </span>165.6 <span class=\"_ _1c\"> </span>15.5 <span class=\"_ _8\"> </span>140.0 </span>Cash outflows on trade payables and other pay<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>bles <span class=\"_ _3\"> </span><span class=\"ls18 ws0\">880.4 <span class=\"_ _5\"> </span>166.3<span class=\"_ _92\"></span> <span class=\"_ _1b3\"> </span>17.2 <span class=\"_ _11\"> </span>140.4 </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area<span class=\"_ _333\"> </span>3 <span class=\"_ _12b\"> </span>1,071.5 <span class=\"_ _11\"> </span>201.8 <span class=\"_ _1c\"> </span>90.1 <span class=\"_ _4b\"> </span>0.0 Cash outflows from liabilitie<span class=\"ls36 ws68\">s from deriv<span class=\"_ _92\"></span>ative financial </span>instruments 1,071.5 <span class=\"_ _15e\"> </span>201.8 <span class=\"_ _1b3\"> </span>90.1 <span class=\"_ _2c\"> </span>0.0<span class=\"_ _92\"></span> Cash outflows on liabilities <span class=\"ls62 ws90e\">in accordance with IFRS 7 <span class=\"_ _fd\"> </span><span class=\"ls18 ws0\">2,072.8 <span class=\"_ _1e2\"> </span>1,173.9 <span class=\"_ _1e2\"> </span>1,302.1 <span class=\"_ _1e5\"> </span>1,297.1 </span></span>1 excl. money mark<span class=\"_ _92\"></span>et transactions of \u20ac1,430.0m // 2 Cash outflows<span class=\"_ _43\"></span> under cl<span class=\"_ _43\"></span>osed items on th<span class=\"_ _43\"></span>e balance sheet<span class=\"_ _43\"></span> have to be<span class=\"_ _43\"></span> seen alongside<span class=\"_ _43\"></span> the corr<span class=\"_ _43\"></span>esponding cash <span class=\"_ _43\"></span>inflows fr<span class=\"_ _43\"></span>om associated investme<span class=\"_ _92\"></span>nts.<span class=\"_ _43\"></span> // 3 relates to <span class=\"_ _43\"></span>cash outfl<span class=\"_ _43\"></span>ows from cont<span class=\"_ _43\"></span>racts pres<span class=\"_ _43\"></span>ented in <span class=\"_ _43\"></span>the balance<span class=\"_ _43\"></span> sheet under<span class=\"_ _43\"></span> liabilities<span class=\"_ _43\"></span> from der<span class=\"_ _43\"></span>ivative fina<span class=\"_ _43\"></span>ncial instr<span class=\"_ _43\"></span>uments<span class=\"ls0 ws0\"> </span>Expected cash outflows as<span class=\"_ _92\"></span> at 31/12/2021 <span class=\"_ _277\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _a5\"> </span><span class=\"ls31\">\u20acm </span></span>Maturity <span class=\"_ _298\"> </span><span class=\"ls18\">2022 <span class=\"_ _7\"> </span>2023 <span class=\"_ _177\"> </span>2024\u2013<span class=\"fsa ls0\"> </span><span class=\"ls17\">2026 <span class=\"_ _278\"> </span><span class=\"ls49 ws31a\">From 2027 </span></span></span>Bonds <span class=\"_ _206\"> </span><span class=\"ls0\">12.0 <span class=\"_ _1c\"> </span>12.0 <span class=\"_ _21\"> </span>521.0 <span class=\"_ _7\"> </span>567.5 </span>Financial liabilities to banks<span class=\"_ _333\"> </span>1 <span class=\"_ _2bb\"> </span>29.4 <span class=\"_ _1c\"> </span>29.2 <span class=\"_ _1c\"> </span>68.7 <span class=\"_ _8\"> </span>182.7 Financial liabilit<span class=\"lscc ws25e\">ies to others <span class=\"_ _2b8\"> </span><span class=\"ls0 ws0\">1.3 <span class=\"_ _26\"> </span>1.3 <span class=\"_ _11\"> </span>148.3 <span class=\"_ _4b\"> </span>0.0 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet<span class=\"_ _333\"> </span>2 <span class=\"_ _1a1\"> </span>20.8 <span class=\"_ _1c\"> </span>19.9 <span class=\"_ _11\"> </span>395.3 <span class=\"_ _fd\"> </span>58.9 Cash outflows on <span class=\"ls5d\">financial liabilities <span class=\"_ _a2\"> </span><span class=\"ls49 ws0\">63.5 <span class=\"_ _1b3\"> </span><span class=\"ls18\">62.5 <span class=\"_ _1e2\"> </span><span class=\"ls31\">1,133.3 <span class=\"_ _1f\"> </span></span>809.1 </span></span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _137\"> </span><span class=\"ls0 ws0\">293.6 <span class=\"_ _1c5\"> </span>0.3 <span class=\"_ _26\"> </span>1.4 <span class=\"_ _4b\"> </span>0.5 </span>Other <span class=\"_ _26a\"> </span><span class=\"ls0\">331.2 <span class=\"_ _1c\"> </span>80.0 <span class=\"_ _1c\"> </span>11.6 <span class=\"_ _7\"> </span>156.0 </span>Cash outflows on trade payables and other pay<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>bles <span class=\"_ _3\"> </span><span class=\"ls18 ws0\">624.8 <span class=\"_ _b8\"> </span>80.3 <span class=\"_ _1b3\"> </span><span class=\"ls49\">13.0 <span class=\"_ _11\"> </span></span>156.4 </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area<span class=\"_ _333\"> </span>3 <span class=\"_ _17d\"> </span>780.3 <span class=\"_ _11\"> </span>301.5 <span class=\"_ _1c\"> </span>80.1 <span class=\"_ _4b\"> </span>0.0 Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea<span class=\"_ _333\"> </span>4 <span class=\"_ _96\"> </span>3.1 <span class=\"_ _26\"> </span>1.7 <span class=\"_ _26\"> </span>1.5 <span class=\"_ _4b\"> </span>0.0 Cash outflows from liabilities fr<span class=\"_ _92\"></span>om <span class=\"_ _43\"></span>derivative  financial instruments <span class=\"_ _71\"> </span><span class=\"ls49 ws0\">78<span class=\"_ _43\"></span>3.4 <span class=\"_ _5\"> </span><span class=\"ls31\">303.2 <span class=\"_ _1b3\"> </span><span class=\"ls18\">81.6 <span class=\"_ _2c\"> </span>0.0 </span></span></span>Cash outflows on liabilities <span class=\"ls62 ws90e\">in accordance with IFRS 7 <span class=\"_ _fd\"> </span><span class=\"ls18 ws0\">1,471.7 <span class=\"_ _5\"> </span>446.0 <span class=\"_ _17c\"> </span>1,227.9 <span class=\"_ _11\"> </span>965.5 </span></span>1 excl. money mark<span class=\"_ _92\"></span>et transactions of \u20ac1,050.0m // 2 Cash outflows<span class=\"_ _43\"></span> under cl<span class=\"_ _43\"></span>osed items on th<span class=\"_ _43\"></span>e balance sheet<span class=\"_ _43\"></span> have to be<span class=\"_ _43\"></span> seen alongside<span class=\"_ _43\"></span> the corr<span class=\"_ _43\"></span>esponding cash <span class=\"_ _43\"></span>inflows fr<span class=\"_ _43\"></span>om associated investme<span class=\"_ _92\"></span>nts.<span class=\"_ _43\"></span> // 3 relates to <span class=\"_ _43\"></span>cash outfl<span class=\"_ _43\"></span>ows from cont<span class=\"_ _43\"></span>racts pres<span class=\"_ _43\"></span>ented in <span class=\"_ _43\"></span>the balance<span class=\"_ _43\"></span> sheet under<span class=\"_ _43\"></span> receivab<span class=\"_ _43\"></span>les or liabi<span class=\"_ _43\"></span>lities from<span class=\"_ _43\"></span> derivativ<span class=\"_ _43\"></span>e financ<span class=\"ls12f wsb78\">ial<span class=\"_ _43\"></span> instrum<span class=\"_ _43\"></span>ents // <span class=\"_ _43\"></span> </span>4 Cash outflows <span class=\"_ _43\"></span>from interes<span class=\"_ _43\"></span>t rate swaps are ac<span class=\"_ _43\"></span>counted for as<span class=\"_ _43\"></span> net cash fl<span class=\"_ _43\"></span>ows of both l<span class=\"_ _43\"></span>egs.<span class=\"_ _333\"> </span>5.2.3 Infor<span class=\"_ _92\"></span>mation regarding hedging <span class=\"ls1d3 ws9f5\">relationships in the energy and </span>finance areas Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>g<span class=\"ls129 wsa3c\">ing instruments 31/12/2022 <span class=\"_ _1a9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _45\"> </span><span class=\"ls31\">\u20acm </span></span></span>Carrying amount Balance sheet item Notional amount Change in  the fair value for<span class=\"_ _43\"></span> th<span class=\"_ _43\"></span>e measure- ment of ineffectiv<span class=\"_ _92\"></span>eness Hedging costs Electricity futures, forwards and op<span class=\"_ _92\"></span>tions \u2013  sales <span class=\"_ _2ba\"> </span><span class=\"ls0\">583.2 </span>Receivables from derivative  financial instruments <span class=\"_ _217\"> </span><span class=\"ls1a ws1c\">5,828 GWh <span class=\"_ _117\"> </span><span class=\"ls0 ws0\">583.2 <span class=\"_ _5b\"> </span>6.6 </span></span>Electricity futures, forwards and op<span class=\"_ _92\"></span>tions \u2013  sales <span class=\"_ _2be\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>2,057.1 </span>Liabilities from derivative  financial instruments <span class=\"_ _177\"> </span><span class=\"ls1a ws1c\">19,896 GWh <span class=\"_ _1f\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,627.7 <span class=\"_ _119\"> </span>\u2013<span class=\"fsa\"> </span>9.8 </span></span>Electricity futures and forwards \u2013 purchasing <span class=\"_ _1c\"> </span><span class=\"ls0 ws0\">420.0 </span>Receivables from derivative financial instruments <span class=\"_ _2bf\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">4,072 GWh <span class=\"_ _117\"> </span></span>316.4 <span class=\"_ _69\"> </span>0.0 </span>Electricity futures and forwards \u2013 purchasing <span class=\"_ _15e\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>412.8 </span>Liabilities from derivative financial instruments <span class=\"_ _2bf\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">2,838 GWh <span class=\"_ _2b\"> </span></span>\u2013<span class=\"fsa\"> </span>412.8 <span class=\"_ _69\"> </span>0.0 </span>Gas forwards \u2013  purchasing <span class=\"_ _2c0\"> </span><span class=\"ls0\">8.5 </span>Receivables from derivative financial instruments <span class=\"_ _219\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">290 GWh <span class=\"_ _1a\"> </span></span>3.0 <span class=\"_ _5b\"> </span>0.0 </span>Gas forwards \u2013  purchasing <span class=\"_ _214\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>22.1 </span>Liabilities from derivative financial instruments <span class=\"_ _219\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">396 GWh <span class=\"_ _132\"> </span></span>\u2013<span class=\"fsa\"> </span>22.1 <span class=\"_ _69\"> </span>0.0 </span>Interest rate sw<span class=\"_ _92\"></span>aps <span class=\"_ _56\"> </span><span class=\"ls0 ws0\">43.4 </span>Receivables from derivative financial instruments <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">300.4 <span class=\"_ _51\"> </span>24.6 <span class=\"_ _69\"> </span>0.0 </span>Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>ged items 31/12/2022 <span class=\"_ _74\"> </span><span class=\"ff2a fs7 ls0 ws0\"> <span class=\"_ _93\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _25b\"> </span><span class=\"ff2f ls2b ws1f\">Change in the fair </span>value for the measurement of ineffectiv<span class=\"_ _92\"></span>eness Carrying amount of the reserve f<span class=\"_ _92\"></span>or<span class=\"_ _43\"></span> measurements of cash flow hedges Hedging costs Future electricity sales v<span class=\"_ _92\"></span>olume <span class=\"_ _280\"> </span><span class=\"ls0 ws0\">1,044.1 <span class=\"_ _15f\"> </span>\u2013<span class=\"fsa\"> </span>1,471.0 <span class=\"_ _14b\"> </span>\u2013<span class=\"fsa\"> </span>3.3 </span>Future electricity purchases <span class=\"_ _ae\"> </span><span class=\"ls0 ws0\">96.5 <span class=\"_ _18e\"> </span>7.3 <span class=\"_ _96\"> </span>0.0 </span>Future gas purchases <span class=\"_ _2c1\"> </span><span class=\"ls0 ws0\">19.1 <span class=\"_ _130\"> </span>\u2013<span class=\"fsa\"> </span>13.7 <span class=\"_ _96\"> </span>0.0 </span>V<span class=\"_ _92\"></span>ariable-rate financial liabilities <span class=\"_ _67\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>24.7 <span class=\"_ _ba\"> </span>21.1 <span class=\"_ _da\"> </span>0.0<span class=\"_ _333\"> </span></span>Cash flow hedges \u2013 effects on <span class=\"_ _92\"></span>th<span class=\"_ _43\"></span>e statement of  comprehensiv<span class=\"_ _92\"></span>e income and balance sheet 2022 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _159\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1a8\"> </span><span class=\"ff2f ls5d\">Gains/ </span>losses recognised in other comprehen- sive income Hedging costs Ineffectiv<span class=\"_ _92\"></span>e portion of the hedge recognised in profit or loss Line items of the statement of comprehen- sive income in which the ineffectiv<span class=\"_ _92\"></span>e portion was recognised Reclassifi- cations from reserves to profit or loss Line items  of the statement of comprehen- sive income in which the reclassifi- cation was recognised Electricity futures, forwards and options \u2013 sales <span class=\"_ _37\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,041.2 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>3.3 <span class=\"_ _56\"> </span>0.4 <span class=\"_ _7\"> </span><span class=\"ls36\">Revenue <span class=\"_ _147\"> </span></span>\u2013<span class=\"fsa\"> </span>1,974.2 <span class=\"_ _5\"> </span><span class=\"ls36\">Revenue </span></span>Electricity futures and forwards \u2013  purchasing <span class=\"_ _5f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>96.4 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _50\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Electricity purchase <span class=\"_ _26\"> </span><span class=\"ls0\">358.9 </span>Electricity purchase Gas forwards \u2013  purchasing <span class=\"_ _5f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>19.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _56\"> </span>0.0 </span>Gas  purchases <span class=\"_ _69\"> </span><span class=\"ls0\">13.5 </span>Gas  purchases Interest rat<span class=\"_ _92\"></span>e swaps <span class=\"_ _58\"> </span><span class=\"ls0\">23.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _56\"> </span>0.0 </span>Other  financial result <span class=\"_ _3\"> </span>1.6 Interest expenses Notional amount and a<span class=\"_ _92\"></span>verage price an<span class=\"ls129 ws8df\">d/or interest r<span class=\"_ _92\"></span>ate as at 31/12/2022 <span class=\"_ _146\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _1d7\"> </span><span class=\"ff2f ls18\">2023 <span class=\"_ _1d1\"> </span>2024 <span class=\"_ _5a\"> </span>2025 <span class=\"_ _1d1\"> </span>2026 <span class=\"_ _8\"> </span><span class=\"ls28 ws2c\"> &gt;2026 </span></span>Electricity futures, forw<span class=\"_ _92\"></span>ards and options \u2013 sales <span class=\"_ _230\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _55\"> </span>  </span>Notional amount <span class=\"_ _10c\"> </span><span class=\"ls1a ws1c\">14,862 GWh </span>6,957 GWh, 1,757 GWh via collar options <span class=\"_ _1e2\"> </span><span class=\"ls36 ws35\">831 GWh <span class=\"_ _1e2\"> </span>279 GWh <span class=\"_ _16\"> </span>1,038 GWh </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _18d\"> </span><span class=\"ls60 ws0\">\u20ac156.4/MWh </span>\u20ac125.5/MWh, collar \u20ac60\u2013 <span class=\"fs8 ls26\">140/MWh </span>\u20ac147.5/MWh <span class=\"_ _21a\"> </span><span class=\"ls34\">\u20ac49.4/MWh <span class=\"_ _184\"> </span>\u20ac42.9/MWh </span>Electricity futures and forw<span class=\"_ _92\"></span>ards \u2013 purchasing <span class=\"_ _105\"> </span><span class=\"ls31\">  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _12e\"> </span>  </span>Notional amount <span class=\"_ _214\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">4,784 GWh <span class=\"_ _183\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">1,753 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">330 GWh <span class=\"_ _21d\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">44 GWh <span class=\"_ _ac\"> </span></span><span class=\"ls31\">\u2013 </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _18d\"> </span><span class=\"ls60 ws0\">\u20ac232.0/MWh <span class=\"_ _22b\"> </span>\u20ac166.5/MWh <span class=\"_ _22b\"> </span>\u20ac126.8/MWh <span class=\"_ _22b\"> </span>\u20ac133.3/MWh <span class=\"_ _ac\"> </span><span class=\"ls31\">\u2013 </span></span>Gas forw<span class=\"_ _92\"></span>ards \u2013 purchasing <span class=\"_ _1a8\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _55\"> </span>  </span>Notional amount <span class=\"_ _3b\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">508 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">179 GWh <span class=\"_ _9d\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac92.0/MWh <span class=\"_ _22b\"> </span><span class=\"ls60\">\u20ac117.1/MWh <span class=\"_ _9d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span></span></span>Interest rate swa<span class=\"_ _92\"></span>ps <span class=\"_ _a2\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span>Av<span class=\"_ _92\"></span>erage notional amount <span class=\"_ _21e\"> </span><span class=\"ls0 ws0\">281.4 <span class=\"_ _68\"> </span>249.8 <span class=\"_ _68\"> </span>220.1 <span class=\"_ _68\"> </span>196.9 <span class=\"_ _10d\"> </span>149.0 </span>Av<span class=\"_ _92\"></span>erage fixed interest rate <span class=\"_ _fe\"> </span><span class=\"ls2f ws2c\">0.6 % <span class=\"_ _fd\"> </span>0.5 % <span class=\"_ _23\"> </span>0.4 % <span class=\"_ _fd\"> </span>0.3 % <span class=\"_ _2b\"> </span>0.4 % </span>Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>g<span class=\"ls129 wsa3c\">ing instruments 31/12/2021 <span class=\"_ _ca\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _18f\"> </span><span class=\"ff2f ls1a\">Carrying </span>amount Balance sheet  item Notional amount Change in the fair value f<span class=\"_ _92\"></span>or the measure- ment of ineffectiv<span class=\"_ _92\"></span>eness Hedging costs Electricity futures, forwards and op<span class=\"_ _92\"></span>tions \u2013 sales <span class=\"_ _18f\"> </span><span class=\"ls0\">16.1 </span>Receivables from  derivative financial instruments <span class=\"_ _217\"> </span><span class=\"ls1a ws1c\">2,388 GWh <span class=\"_ _51\"> </span></span><span class=\"ls0\">52.4 <span class=\"_ _1d1\"> </span>\u2013<span class=\"fsa\"> </span>2.7 </span>Electricity futures, forwards and op<span class=\"_ _92\"></span>tions \u2013 sales \u2013<span class=\"fsa\"> </span>2,419.8 Liabilities from  derivative financial instruments 23,573 GWh <span class=\"_ _11\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>2,418.0 <span class=\"_ _5a\"> </span>\u2013<span class=\"fsa\"> </span>2.2 </span>Electricity futures and forwards \u2013 purchasing <span class=\"_ _1c\"> </span><span class=\"ls0 ws0\">468.7 </span>Receivables from derivative financial instruments <span class=\"_ _1e3\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> <span class=\"_ _92\"></span><span class=\"fs8 ls253 ws5e\">4,756<span class=\"_ _43\"></span> GWh <span class=\"_ _aa\"> </span><span class=\"ls0 ws0\">460.2 <span class=\"_ _5b\"> </span>0.0 </span></span></span></span>Electricity futures and forwards \u2013 purchasing <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.1 </span>Liabilities from derivative financial instruments <span class=\"_ _219\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">302 GWh <span class=\"_ _50\"> </span></span>\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _5b\"> </span>0.0 </span>Gas forwards \u2013  purchasing 18.9 Receivables from derivative financial instruments \u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">343 GWh <span class=\"_ _51\"> </span></span>18.5 <span class=\"_ _5b\"> </span>0.0 Gas forwards \u2013  purchasing <span class=\"_ _2c0\"> </span><span class=\"ls0\">0.0 </span>Liabilities from derivative financial instruments <span class=\"_ _e\"> </span>0 GWh <span class=\"_ _56\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _5b\"> </span>0.0 </span>Interest rate sw<span class=\"_ _92\"></span>aps <span class=\"_ _45\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.6 </span>Liabilities from derivative financial instruments <span class=\"_ _1d1\"> </span><span class=\"ls0 ws0\">56.8 <span class=\"_ _56\"> </span>2.4 <span class=\"_ _5b\"> </span>0.0<span class=\"_ _333\"> </span></span>Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>ged items 31/12/2021 <span class=\"_ _f7\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _d5\"> </span><span class=\"ls31\">\u20acm </span></span>Change in the fair value for the measurement of ineffectiv<span class=\"_ _92\"></span>eness Carrying amount of the reserve f<span class=\"_ _92\"></span>or<span class=\"_ _43\"></span> measurements of cash flow hedges Hedging costs Future electricity sales v<span class=\"_ _92\"></span>olume <span class=\"_ _1af\"> </span><span class=\"ls0 ws0\">2,365.3 <span class=\"_ _a3\"> </span>\u2013<span class=\"fsa\"> </span>2,404.0 <span class=\"_ _14b\"> </span>\u2013<span class=\"fsa\"> </span>4.9 </span>Future electricity purchases <span class=\"_ _1a4\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>454.0 <span class=\"_ _60\"> </span>462.6 <span class=\"_ _da\"> </span>0.0 </span>Future gas purchases <span class=\"_ _1a3\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.5 <span class=\"_ _14b\"> </span>18.9 <span class=\"_ _da\"> </span>0.0 </span>V<span class=\"_ _92\"></span>ariable rate financial liabilities <span class=\"_ _256\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.4 <span class=\"_ _1da\"> </span>\u2013<span class=\"fsa\"> </span>3.6 <span class=\"_ _da\"> </span>0.0 </span>Cash flow hedges \u2013 effects on <span class=\"_ _92\"></span>th<span class=\"_ _43\"></span>e statement of  comprehensiv<span class=\"_ _92\"></span>e income and balance sheet 2021 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _159\"> </span><span class=\"ls31\">\u20acm </span></span>Gains/losses recognised  in other comprehen- sive income Hedging costs Ineffective portion of the hedge recognised in profit or loss Line items of the statement of comprehen- sive income in which the ineffective portion was recognised Reclassifi- cations from reserves to profit or loss Line items of the statement of comprehen- sive income in which the reclassifi- cation was recognised Electricity futures, forwards and options \u2013 sales \u2013<span class=\"fsa\"> </span>2,365.6 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>4.9 <span class=\"_ _1a\"> </span>0.3 <span class=\"_ _8\"> </span><span class=\"ls36\">Revenue <span class=\"_ _119\"> </span></span>\u2013<span class=\"fsa\"> </span>91.7 <span class=\"_ _5\"> </span><span class=\"ls36\">Revenue </span>Electricity futures and forwards \u2013  purchasing <span class=\"_ _45\"> </span><span class=\"ls0\">454.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _11b\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Electricity  purchases <span class=\"_ _69\"> </span><span class=\"ls0\">15.1 </span>Electricity  purchases Gas forwards \u2013  purchasing <span class=\"_ _12e\"> </span><span class=\"ls0\">18.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _56\"> </span>0.0 </span>Gas  purchases <span class=\"_ _53\"> </span><span class=\"ls0\">1.0 </span>Gas  purchases Interest rat<span class=\"_ _92\"></span>e swaps \u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _9a\"> </span>0.0 Other  financial result \u2013<span class=\"fsa\"> </span>2.0 Interest expenses<span class=\"_ _333\"> </span>Notional amount and a<span class=\"_ _92\"></span>verage price an<span class=\"ls129 ws8df\">d/or interest r<span class=\"_ _92\"></span>ate as at 31/12/2021 <span class=\"_ _146\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _1d7\"> </span><span class=\"ff2f ls18\">2022 <span class=\"_ _1d1\"> </span>2023 <span class=\"_ _1d1\"> </span>2024 <span class=\"_ _5a\"> </span>2025 <span class=\"_ _8\"> </span><span class=\"ls28 ws2c\"> &gt;2025 </span></span>Electricity futures, forw<span class=\"_ _92\"></span>ards and options \u2013 sales <span class=\"_ _230\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span>Notional amount <span class=\"_ _10c\"> </span><span class=\"ls1a ws1c\">15,167 GWh </span>5,712 GWh, 1,752 GWh via collar options 543 GWh, 1,757 GWh via collar options <span class=\"_ _1e2\"> </span><span class=\"ls36 ws35\">130 GWh <span class=\"_ _1e5\"> </span>900 GWh </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac67.7/MWh </span>\u20ac63.2/MWh, collar \u20ac38\u2013 <span class=\"fs8 ls2d\">60/MWh </span>\u20ac79.1/MWh, collar \u20ac60\u2013 <span class=\"fs8 ls26\">140/MWh </span>\u20ac39.3/MWh <span class=\"_ _216\"> </span>\u20ac39.3/MWh Electricity futures and forw<span class=\"_ _92\"></span>ards \u2013  purchasing <span class=\"_ _152\"> </span><span class=\"ls31\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _12e\"> </span>  </span>Notional amount <span class=\"_ _214\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">2,792 GWh <span class=\"_ _183\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">1,550 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">613 GWh <span class=\"_ _1e9\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">103 GWh <span class=\"_ _ac\"> </span></span><span class=\"ls31\">\u2013 </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac77.0/MWh <span class=\"_ _219\"> </span>\u20ac67.1/MWh <span class=\"_ _21a\"> </span>\u20ac69.8/MWh <span class=\"_ _219\"> </span>\u20ac68.7/MWh <span class=\"_ _12b\"> </span><span class=\"ls31\">\u2013 </span></span>Gas forw<span class=\"_ _92\"></span>ards \u2013 purchasing <span class=\"_ _1a8\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span>Notional amount <span class=\"_ _3b\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">235 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">109 GWh <span class=\"_ _9d\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span>Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac15.6/MWh <span class=\"_ _219\"> </span>\u20ac16.3/MWh <span class=\"_ _9d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span></span>Interest rate swa<span class=\"_ _92\"></span>ps <span class=\"_ _a2\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span>Av<span class=\"_ _92\"></span>erage notional amount <span class=\"_ _2b6\"> </span><span class=\"ls0 ws0\">49.5 <span class=\"_ _66\"> </span>34.9 <span class=\"_ _4a\"> </span>20.3 <span class=\"_ _a3\"> </span>7.9 <span class=\"_ _50\"> </span>1.4 </span>Av<span class=\"_ _92\"></span>erage fixed interest rate <span class=\"_ _fe\"> </span><span class=\"ls2f ws2c\">2.6 % <span class=\"_ _fd\"> </span>2.6 % <span class=\"_ _23\"> </span>2.8 % <span class=\"_ _fd\"> </span>3.1 % <span class=\"_ _2b\"> </span>3.6 %<span class=\"_ _333\"> </span></span>6.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Receivables from derivati<span class=\"ls124 wsb8c\">ve financia<span class=\"_ _92\"></span>l instruments<span class=\"_ _333\"> </span></span></span>Receivables from deriv<span class=\"_ _92\"></span>ative fina<span class=\"ls72 wsb8d\">ncial instr<span class=\"_ _43\"></span>uments include der<span class=\"_ _43\"></span>ivati<span class=\"ls87 ws7aa\">ves and hedging instruments from </span></span>both the financ<span class=\"_ _92\"></span>ial and energy area<span class=\"_ _92\"></span>.  Receivables fr<span class=\"_ _92\"></span>om derivative financial<span class=\"_ _92\"></span> instruments <span class=\"_ _1de\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _20f\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _11\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _179\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _242\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span>current Non-<span class=\"_ _333\"> </span>current Current <span class=\"_ _b\"> </span><span class=\"fc0\">Current </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _93\"> </span><span class=\"fc4 ls0 ws0\">454.9 <span class=\"_ _21\"> </span><span class=\"ff2f fc0 ls18\">369.7 <span class=\"_ _1e5\"> </span></span>1,972.6 <span class=\"_ _134\"> </span><span class=\"ff2f fc0 ls18\">1,825.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _18e\"> </span><span class=\"fc4 ls0 ws0\">70.3 <span class=\"_ _1b3\"> </span><span class=\"ff2f fc0 ls18\">67.7 <span class=\"_ _1c5\"> </span></span>0.0 <span class=\"_ _4b\"> </span><span class=\"ff2f fc0 ls31\">8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ative financial instruments <span class=\"_ _128\"> </span><span class=\"fc4 ls18 ws0\">525.2 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">437.3 <span class=\"_ _1e2\"> </span></span>1,972.6 <span class=\"_ _a\"> </span><span class=\"ff2c fc0\">1,833.<span class=\"_ _92\"></span>7 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. Non-curr<span class=\"_ _92\"></span>ent receivables from deriva<span class=\"_ _92\"></span>tive financial in<span class=\"ls265 ws9ce\">str<span class=\"_ _43\"></span>ume<span class=\"_ _43\"></span>nts<span class=\"_ _43\"></span> in th<span class=\"_ _43\"></span>e fi<span class=\"_ _43\"></span>nance<span class=\"_ _43\"></span> area c<span class=\"_ _43\"></span>onta<span class=\"_ _43\"></span>in de<span class=\"_ _43\"></span>rivat<span class=\"_ _43\"></span>ive </span>financial instruments measured at fair value i<span class=\"_ _92\"></span>n <span class=\"ls0 ws5aa\">the amount of \u20ac31.5m (previous year: \u20ac70.3m) which </span>relate to financial liabilities un<span class=\"ls76 ws836\">der closed items on the balance she<span class=\"_ _92\"></span>et. Furthermor<span class=\"_ _92\"></span>e, this item also </span>includes the no<span class=\"_ _92\"></span>n-current portion o<span class=\"_ _92\"></span>f the positive fair values of in<span class=\"_ _92\"></span>terest rat<span class=\"_ _92\"></span>e swaps held to <span class=\"_ _0\"></span>hedge the inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st rate risk as<span class=\"_ _92\"></span>sociated with financial liabilities (\u20ac36.2m; previous year: \u20ac0.0m).  Curr<span class=\"_ _92\"></span>ent receivab<span class=\"_ _92\"></span>les from derivative financial<span class=\"_ _92\"></span> instruments in the finance ar<span class=\"_ _92\"></span>ea include the current portion of p<span class=\"_ _43\"></span>ositive fair value<span class=\"_ _43\"></span>s of interest rate swaps <span class=\"ls74 ws32f\">held to hedge the in<span class=\"_ _92\"></span>terest ra<span class=\"_ _92\"></span>te risk associated with </span>financial lia<span class=\"_ _92\"></span>b<span class=\"_ _43\"></span>ilities (\u20ac8.3 million; pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: other liability: \u20ac5.9m).<span class=\"_ _333\"> </span>6.2.1  Receivables fr<span class=\"_ _92\"></span>om deriva<span class=\"_ _92\"></span>tive  financial instruments<span class=\"_ _333\"> </span>Other receiv<span class=\"_ _92\"></span>ables and assets <span class=\"_ _201\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _fa\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _26\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _1d1\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _4b\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _2c7\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _216\"> </span><span class=\"fc0\">Non-current <span class=\"_ _7\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _1cd\"> </span><span class=\"fc0\">Current </span></span></span>Securities <span class=\"_ _263\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _54\"> </span></span><span class=\"ff2f ls0\">\u2013 <span class=\"_ _3\"> </span><span class=\"ff2a fc4\">4.3 <span class=\"_ _16a\"> </span></span><span class=\"ls18\">0.2 </span></span>Guarantees in el<span class=\"ls19 ws184\">ectricity trading <span class=\"_ _1a0\"> </span><span class=\"fc4 ls0 ws0\">274.5 <span class=\"_ _4f\"> </span><span class=\"ff2f fc0 ls18\">250.2 <span class=\"_ _26\"> </span></span>322.7 <span class=\"_ _2c\"> </span><span class=\"ff2f fc0 ls18\">381.2 </span></span></span>Emission rights <span class=\"_ _18a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _12e\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _69\"> </span></span><span class=\"ls0\">31.2 <span class=\"_ _6a\"> </span><span class=\"ff2f fc0 ls18\">49.0 </span></span></span>Receivables from tax clearing <span class=\"_ _2b5\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _69\"> </span></span><span class=\"ls0\">22.9 <span class=\"_ _6a\"> </span><span class=\"ff2f fc0 ls18\">14.8 </span></span></span>Receivables from accrued inter<span class=\"_ _92\"></span>est <span class=\"_ _4e\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _3\"> </span></span><span class=\"ls0\">0.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span></span>Other <span class=\"_ _1bf\"> </span><span class=\"fc4 ls0\">80.0 <span class=\"_ _5b\"> </span></span><span class=\"ff2f ls18\">59.4 <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">26.9 <span class=\"_ _6c\"> </span></span><span class=\"ff2f ls18\">70.8 </span>Other receivables and asset<span class=\"_ _92\"></span>s <span class=\"_ _3a\"> </span><span class=\"fc4 ls18 ws0\">354.5 <span class=\"_ _10f\"> </span><span class=\"ff2c fc0\">309.7 <span class=\"_ _119\"> </span></span>408.3 <span class=\"_ _1d1\"> </span><span class=\"ff2c fc0\">516.3 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>6.5<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsc6 ws80c\">Liabilities from derivati<span class=\"ls24f wsb90\">ve finan<span class=\"_ _92\"></span>cial instruments </span></span>Liabilities fr<span class=\"_ _92\"></span>om derivative fina<span class=\"_ _92\"></span>ncial instruments <span class=\"_ _f5\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _2c9\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _21\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _6\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _1f8\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span>current Non-<span class=\"_ _333\"> </span>current Current <span class=\"_ _a9\"> </span><span class=\"fc0\">Current </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _da\"> </span><span class=\"fc4 ls0 ws0\">734.8 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">1,069.2 <span class=\"_ _94\"> </span></span>3,307.5 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">1,491.6 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _120\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _4b\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _2c\"> </span></span>5.9 <span class=\"_ _4a\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span><span class=\"ls62 ws90e\">e financial instruments <span class=\"_ _10c\"> </span><span class=\"fc4 ls18 ws0\">734.8 <span class=\"_ _a7\"> </span><span class=\"ff2c fc0\">1,069.2 <span class=\"_ _5d\"> </span></span><span class=\"ls31\">3,31<span class=\"_ _43\"></span>3.3 <span class=\"_ _1e2\"> </span></span><span class=\"ff2c fc0\">1,491.6<span class=\"_ _92\"></span> </span></span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8.<span class=\"_ _333\"> </span>6.5.1  Liabilities from deriva<span class=\"_ _92\"></span>tive  financial instruments<span class=\"_ _333\"> </span>Receivables fr<span class=\"_ _92\"></span>om derivative financial<span class=\"_ _92\"></span> instruments <span class=\"_ _48\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"lsca ws30\">Reference v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue<span class=\"_ _333\"> </span></span>1 <span class=\"_ _278\"> </span><span class=\"fc4 ls1d ws35e\">P<span class=\"_ _92\"></span>ositive fair values <span class=\"_ _183\"> </span><span class=\"ff2c fc0 ls24 ws95a\">P<span class=\"_ _92\"></span>ositive f<span class=\"_ _92\"></span>air values </span></span>  <span class=\"_ _242\"> </span><span class=\"ff2f ls31\">  <span class=\"_ _132\"> </span><span class=\"fc4 ls159\">31/12/2021 <span class=\"_ _59\"> </span><span class=\"fc0\">31/12/20<span class=\"_ _43\"></span>22 </span></span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 closed items on the balance sheet (fix<span class=\"_ _92\"></span>ed interest recipient)  $281.6m (previous year: $276.7m) <span class=\"_ _da\"> </span><span class=\"fc4 ls0 ws0\">70.3 <span class=\"_ _b5\"> </span><span class=\"ff2f fc0 ls29\">31.5 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 hedges  (fixed interest <span class=\"_ _92\"></span>payment) \u20ac300.4m (previous year: \u20ac0.0m) <span class=\"_ _14c\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _1b0\"> </span><span class=\"ff2f fc0 ls49\">43.5 </span></span>Interest rate sw<span class=\"_ _92\"></span>ap relating to  financial liabilities (freestanding) \u20ac37.3m (previous year: \u20ac0.0m) 0.0 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">1.<span class=\"_ _92\"></span>1 </span>1 The referenc<span class=\"_ _43\"></span>e value inclu<span class=\"_ _43\"></span>des the refer<span class=\"_ _43\"></span>ence basis <span class=\"_ _43\"></span>of the derivative<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span>. The actual <span class=\"_ _43\"></span>cash flows on<span class=\"_ _43\"></span>ly represent a <span class=\"_ _43\"></span>fractio<span class=\"ls199 ws896\">n of th<span class=\"_ _43\"></span>ese values<span class=\"_ _333\"> </span></span><span class=\"ls199 ws896\">.<span class=\"_ _333\"> </span></span>Derivativ<span class=\"_ _92\"></span>e financial instruments in<span class=\"_ _92\"></span> other liabilities <span class=\"_ _106\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _208\"> </span><span class=\"lsca ws30\">Reference value<span class=\"_ _333\"> </span></span>1 <span class=\"_ _b0\"> </span><span class=\"fc4 ls1a ws24\">Negative fair v<span class=\"_ _92\"></span>alues <span class=\"_ _1b3\"> </span><span class=\"ff2c fc0 ls46 ws2b\">Negative fair </span></span>values   <span class=\"_ _77\"> </span><span class=\"ff2f ls31\">  <span class=\"_ _132\"> </span><span class=\"fc4 ls159\">31/1<span class=\"_ _43\"></span>2/2021 <span class=\"_ _5a\"> </span></span><span class=\"ff37 ls24\">31/12/2022 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 hedges  (fixed interest <span class=\"_ _92\"></span>payment) \u20ac0.0m (previous year: \u20ac56.8m) 3.6 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span>Interest rate sw<span class=\"_ _92\"></span>ap relating to  financial liabilities (freestanding) \u20ac0.0m (previous year: \u20ac90.8m) <span class=\"_ _19f\"> </span><span class=\"fc4 ls0 ws0\">2.3 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>1 The referenc<span class=\"_ _43\"></span>e value inclu<span class=\"_ _43\"></span>des the refer<span class=\"_ _43\"></span>ence basis <span class=\"_ _43\"></span>of the derivative<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span>. The actual <span class=\"_ _43\"></span>cash flows on<span class=\"_ _43\"></span>ly represent a <span class=\"_ _43\"></span>fractio<span class=\"ls199 ws896\">n of th<span class=\"_ _43\"></span>ese values. </span>The derivative <span class=\"_ _92\"></span>financial instruments listed serve exclusively<span class=\"_ _92\"></span> to hedge financially ag<span class=\"_ _92\"></span>ainst existing currency and inter<span class=\"_ _92\"></span>est rate risks (see sectio<span class=\"_ _92\"></span>n entitled Int<span class=\"_ _92\"></span>erest rate risk for<span class=\"_ _92\"></span> notes on the inter<span class=\"_ _92\"></span>est rate swaps<span class=\"_ _92\"></span> entered in<span class=\"_ _92\"></span>to f<span class=\"_ _43\"></span>or financial liabilities bearing vari<span class=\"ls6d wsa2d\">able interest as well as fo<span class=\"_ _92\"></span>r intra-Group pr<span class=\"_ _92\"></span>oject </span>financing)<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Fina<span class=\"_ _92\"></span>ncial instruments with credit ri<span class=\"lsc4 ws2b2\">sk by<span class=\"_ _92\"></span> assigned rating group<span class=\"_ _92\"></span> 2022 <span class=\"_ _168\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Credit rating group Equivalent Moody\u2019<span class=\"_ _92\"></span>s rating Financial instruments \u2013 closed items on the balance sheet Securities Non-current and current other receivables<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>Tr<span class=\"_ _63\"></span>a<span class=\"_ _81\"></span>d<span class=\"_ _63\"></span>e<span class=\"_ _81\"></span> receivables Derivatives in the energy area Inv<span class=\"_ _92\"></span>estments as well as cash and cash equivalents<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>A <span class=\"_ _46\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _7\"> </span></span><span class=\"ls0\">270.8 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>30.1 <span class=\"_ _68\"> </span>62.0 <span class=\"_ _1cd\"> </span>181.8 </span>B <span class=\"_ _93\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _7\"> </span></span>168.0 <span class=\"_ _66\"> </span>5.7 <span class=\"_ _68\"> </span>19.0 <span class=\"_ _6\"> </span>325.1 <span class=\"_ _7\"> </span>183.1 <span class=\"_ _1cd\"> </span>168.0 C1\u2013C3 <span class=\"_ _68\"> </span><span class=\"ls2d ws33\">up to Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>21.2 <span class=\"_ _7\"> </span>283.2 <span class=\"_ _1e8\"> </span>1,793.4 <span class=\"_ _2b\"> </span>59.5 </span>D1\u2013D5 <span class=\"_ _6\"> </span><span class=\"ls1e ws1f\">below Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>23.6 <span class=\"_ _7\"> </span>156.5 <span class=\"_ _f3\"> </span>0.0 </span>Not rated <span class=\"_ _93\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>155.4 <span class=\"_ _7\"> </span>833.0 <span class=\"_ _6\"> </span>306.4 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _f3\"> </span>0.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _17b\"> </span><span class=\"ls31\">  <span class=\"_ _8\"> </span><span class=\"ls18\">438.8<span class=\"_ _92\"></span> <span class=\"_ _8\"> </span>161.1 <span class=\"_ _8\"> </span><span class=\"ls49\">873.2 <span class=\"_ _8\"> </span></span>96<span class=\"_ _92\"></span>8.4 <span class=\"_ _94\"> </span>2,195.<span class=\"_ _92\"></span>0 <span class=\"_ _2d4\"> </span>409.3 </span></span>1 incl. receiv<span class=\"_ _43\"></span>ables fro<span class=\"_ _43\"></span>m investees<span class=\"_ _43\"></span> and loans<span class=\"_ _43\"></span> to investe<span class=\"_ _43\"></span>es // 2 Non-current an<span class=\"_ _43\"></span>d current other<span class=\"_ _43\"></span> loans and <span class=\"_ _43\"></span>money market<span class=\"_ _43\"></span> transactions hav<span class=\"_ _43\"></span>e been summaris<span class=\"_ _43\"></span>ed as invest<span class=\"_ _43\"></span>ments in this<span class=\"_ _43\"></span> presentation. Fina<span class=\"_ _92\"></span>ncial instruments with credit <span class=\"lsc4 ws2b2\">risk by<span class=\"_ _92\"></span> assigned rating group 2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _288\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Credit rating group Equivalent Moody\u2019<span class=\"_ _92\"></span>s rating Financial instruments \u2013 closed items on the balance sheet Securities Non-current and current other receivables<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Tr<span class=\"_ _63\"></span>a<span class=\"_ _81\"></span>d<span class=\"_ _63\"></span>e<span class=\"_ _63\"></span>  receivables Derivativ<span class=\"_ _0\"></span>es in the energy area Inv<span class=\"_ _92\"></span>estments as well as cash and cash equivalents<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>A <span class=\"_ _46\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _7\"> </span></span><span class=\"ls0\">247.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>20.9 <span class=\"_ _1e8\"> </span>1,067.3 <span class=\"_ _132\"> </span>2.4 </span>B <span class=\"_ _93\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _7\"> </span></span>199.2 <span class=\"_ _66\"> </span>7.1 <span class=\"_ _68\"> </span>26.6 <span class=\"_ _6\"> </span>372.4 <span class=\"_ _7\"> </span>432.0 <span class=\"_ _1cd\"> </span>299.2 C1\u2013C3 <span class=\"_ _68\"> </span><span class=\"ls2d ws33\">up to Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>43.5 <span class=\"_ _7\"> </span>203.3 <span class=\"_ _7\"> </span>889.6 <span class=\"_ _1d1\"> </span>17.0 </span>D1\u2013D5 <span class=\"_ _6\"> </span><span class=\"ls1e ws1f\">below Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>20.6 <span class=\"_ _68\"> </span>38.7 <span class=\"_ _132\"> </span>0.0 </span>Not rated <span class=\"_ _93\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>135.7 <span class=\"_ _7\"> </span>726.0 <span class=\"_ _6\"> </span>201.2 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _f3\"> </span>0.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _17b\"> </span><span class=\"ls31\">  <span class=\"_ _8\"> </span><span class=\"ls18\">447.2<span class=\"_ _92\"></span> <span class=\"_ _8\"> </span>142.8 <span class=\"_ _8\"> </span>79<span class=\"_ _92\"></span>6.0 <span class=\"_ _8\"> </span>818.4 <span class=\"_ _b\"> </span>2,427.6 <span class=\"_ _6\"> </span>318.6 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. // 2 incl. rece<span class=\"_ _43\"></span>ivables fro<span class=\"_ _43\"></span>m investees<span class=\"_ _43\"></span> and loans t<span class=\"_ _43\"></span>o invest<span class=\"_ _43\"></span>ees // 3 Non-current and current other loans and m<span class=\"_ _43\"></span>oney market tr<span class=\"_ _43\"></span>ansactions<span class=\"_ _43\"></span> have been<span class=\"_ _43\"></span> summarised<span class=\"_ _43\"></span> as invest<span class=\"_ _43\"></span>ments in <span class=\"_ _43\"></span>this presentat<span class=\"_ _43\"></span>ion<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>11.2<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls101 ws309\">Risk management in the energy area  </span>Within its core<span class=\"_ _92\"></span> business, VERBUND<span class=\"fs0 ls0 ws0\"> <span class=\"_ _63\"></span></span><span class=\"ls33 ws808\">is active in international<span class=\"_ _92\"></span> energy markets <span class=\"_ _92\"></span>and is thus exposed to </span>market<span class=\"_ _92\"></span>, counterparty an<span class=\"_ _92\"></span>d operational risk<span class=\"_ _92\"></span>s that ha<span class=\"_ _92\"></span>ve to be seen alongside corr<span class=\"_ _92\"></span>esponding opportun<span class=\"_ _92\"></span>ities. Dealing with m<span class=\"_ _92\"></span>arket risks is man<span class=\"_ _92\"></span>aged by means of rule book<span class=\"_ _92\"></span>s and the limits established in them<span class=\"_ _92\"></span>. Counterparty risk is a<span class=\"_ _92\"></span>pproached using separa<span class=\"_ _92\"></span>te guidelines both at the Gr<span class=\"_ _92\"></span>oup level as well as at the level of the subsidiaries<span class=\"_ _92\"></span>. There is a p<span class=\"_ _92\"></span>rocess manual<span class=\"_ _92\"></span> for the managemen<span class=\"_ _92\"></span>t of operational risk<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span>The curren<span class=\"_ _92\"></span>t utilisation of the various l<span class=\"_ _92\"></span>imits for market risk (v<span class=\"_ _92\"></span>alue at risk, stre<span class=\"_ _92\"></span>ss limit, stop-loss li<span class=\"_ _92\"></span>mits and exposur<span class=\"_ _92\"></span>e limits) is monitor<span class=\"_ _92\"></span>ed, managed and r<span class=\"_ _92\"></span>eported on a daily basis, <span class=\"_ _92\"></span>as is the risk position of the (d<span class=\"_ _92\"></span>erivative) financial instruments in th<span class=\"_ _92\"></span>e energy area<span class=\"_ _92\"></span>. At 31 <span class=\"_ _88\"></span>December 2022, derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instrume<span class=\"ls64 ws4ce\">nts in the energy area <span class=\"_ _92\"></span><span class=\"ls63 ws410\">(electricity futur<span class=\"_ _92\"></span>es and </span></span>electricity forwards as well as g<span class=\"_ _92\"></span>as futures and gas forwards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span>2 futures and CO<span class=\"_ _333\"> </span>2 forwards) comprised the following: Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>2 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">580.8 <span class=\"_ _132\"> </span>1,618.4 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,037.6 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">426.6 <span class=\"_ _3\"> </span>701.1 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>274.5 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,012.1 <span class=\"_ _66\"> </span>2,491.9<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,479.8<span class=\"_ _92\"></span> </span>of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">948.1 <span class=\"_ _132\"> </span>1,879.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>931.5 </span>of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">64.0 <span class=\"_ _3\"> </span>612.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>548.3 </span>of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _114\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18c\"> </span>  <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,479.8 </span></span>Wh<span class=\"_ _92\"></span>olesale as at 31/12/2022 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,650.3 <span class=\"_ _3\"> </span>542.0 <span class=\"_ _aa\"> </span>1,108.3 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,994.7 <span class=\"_ _132\"> </span>2,875.3 <span class=\"_ _127\"> </span>119.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,645.0 <span class=\"_ _66\"> </span>3,417.3<span class=\"_ _92\"></span> <span class=\"_ _132\"> </span>1,227.6 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,798.3 <span class=\"_ _132\"> </span>2,410.0 <span class=\"_ _aa\"> </span>1,388.3 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">846.7 <span class=\"_ _132\"> </span>1,007.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>160.7 </span>Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">900.7 <span class=\"_ _132\"> </span>1,980.4 <span class=\"_ _1d1\"> </span>\u2013<span class=\"fsa\"> </span>1,079.7 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _224\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _16a\"> </span><span class=\"ls18\">147.9<span class=\"_ _333\"> </span></span></span>T<span class=\"_ _14\"></span>rading as at 31/12/2022<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  fair values Negative  fair values Net Futures <span class=\"_ _d1\"> </span><span class=\"ls0\">85.7 <span class=\"_ _9c\"> </span>88.5 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>2.8 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">1,354.6 <span class=\"_ _132\"> </span>1,353.2 <span class=\"_ _46\"> </span>1.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,440.3 <span class=\"_ _66\"> </span>1,441.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1.4 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,091.0 <span class=\"_ _132\"> </span>1,094.7 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>3.7 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">349.3 <span class=\"_ _3\"> </span>347.0 <span class=\"_ _46\"> </span>2.3 </span>T<span class=\"_ _14\"></span>otal as at 31/12/2022 <span class=\"_ _2ea\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">2,316.8 <span class=\"_ _132\"> </span>2,248.9 <span class=\"_ _de\"> </span>67.8 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,775.9 <span class=\"_ _132\"> </span>4,929.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>153.7 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">7,097.3 <span class=\"_ _66\"> </span>7,351.0<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span>Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _61\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,307.2 <span class=\"_ _66\"> </span>2,<span class=\"_ _92\"></span>560.8 <span class=\"_ _5b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span>EEX/ECX clearing variation margins of futures <span class=\"_ _111\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>112.2 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>112.2 </span>Recognised in either receivables from  derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span>derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,195.0 <span class=\"_ _66\"> </span>2,560.8<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>365.<span class=\"_ _92\"></span>8 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,825.3 <span class=\"_ _132\"> </span>1,491.6 <span class=\"_ _127\"> </span>333.7 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">369.7 <span class=\"_ _132\"> </span>1,069.2 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>699.5<span class=\"_ _333\"> </span></span>At 31 December 2021, deriva<span class=\"_ _92\"></span>tive financial instr<span class=\"_ _43\"></span>uments <span class=\"ls46 ws98b\">in the energy area (<span class=\"_ _92\"></span>electricity futures as well as </span>electricity forwards and option<span class=\"_ _92\"></span>s, gas futures an<span class=\"_ _92\"></span>d gas for<span class=\"_ _43\"></span>wards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span>2 futures a<span class=\"_ _43\"></span>nd CO<span class=\"_ _333\"> </span>2 forwards) comprised the following:  Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>1 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">267.6 <span class=\"_ _132\"> </span>1,334.8 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,067.2 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">229.1 <span class=\"_ _3\"> </span>973.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>744.5 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">504.1 <span class=\"_ _66\"> </span>2,425.8 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,921.<span class=\"_ _92\"></span>8 </span>of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">450.9 <span class=\"_ _132\"> </span>2,243.2 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,792.3 </span>of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">53.2 <span class=\"_ _3\"> </span>182.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>129.5 </span>of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _5c\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,921.8 </span></span>Wh<span class=\"_ _92\"></span>olesale as at 31/12/2021 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,489.9 <span class=\"_ _3\"> </span>595.6 <span class=\"_ _127\"> </span>894.3 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,435.8 <span class=\"_ _132\"> </span>3,209.9 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>774.1 </span>Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls31 ws0\">3,933.1<span class=\"_ _43\"></span> <span class=\"_ _66\"> </span><span class=\"ls18\">3,805.5 <span class=\"_ _3\"> </span>127.6 </span></span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,464.1 <span class=\"_ _132\"> </span>3,174.3 <span class=\"_ _127\"> </span>289.8 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">469.0 <span class=\"_ _3\"> </span>631.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>162.3 </span>Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">914.8 <span class=\"_ _132\"> </span>1,093.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>178.8 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2cf\"> </span><span class=\"ls18\">0.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _53\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">51.3 </span></span></span>T<span class=\"_ _14\"></span>rading as at 31/12/2021<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">222.7 <span class=\"_ _3\"> </span>207.6 <span class=\"_ _de\"> </span>15.1 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,019.8 <span class=\"_ _132\"> </span>4,037.1 <span class=\"_ _3\"> </span>\u2013<span class=\"fsa\"> </span>17.3 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,242.5 <span class=\"_ _66\"> </span>4,244.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>2.2 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,824.0 <span class=\"_ _132\"> </span>3,824.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.6 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">418.5 <span class=\"_ _3\"> </span>420.1 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>1.6<span class=\"_ _333\"> </span></span>T<span class=\"_ _14\"></span>otal as at 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _2eb\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  fair values Negative  fair values Net Futures 1,980.2 <span class=\"_ _132\"> </span>2,138.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>157.8 Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">6,684.8 <span class=\"_ _132\"> </span>8,220.7 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,535.9 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span>Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">8,679.6 <span class=\"_ _fd\"> </span>10,476.1 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.<span class=\"_ _92\"></span>4 </span>Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _61\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _4b\"> </span>4,224.0 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.4 </span>EEX/ECX clearing variation margins of futures <span class=\"_ _1e4\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>181.8 <span class=\"_ _5f\"> </span>181.8 </span>Recognised in either receivables from  derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span>derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _66\"> </span>4,042.2<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,614.6 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,972.7 <span class=\"_ _132\"> </span>3,307.5 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,334.8 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">454.9 <span class=\"_ _3\"> </span>734.8 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>279.8 </span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8.<span class=\"_ _333\"> </span>Derivative fin<span class=\"_ _92\"></span>ancial instruments in the energy ar<span class=\"_ _92\"></span>ea <span class=\"ls75 ws40b\">with positive fair values <span class=\"_ _92\"></span>are recognised under<span class=\"_ _92\"></span> </span>receiva<span class=\"_ _92\"></span>bles from derivative finan<span class=\"_ _92\"></span>cial instruments, while those with neg<span class=\"_ _92\"></span>ative fair values are r<span class=\"_ _92\"></span>ecognised under liabilities from derivativ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> fi<span class=\"ls6f ws14b\">nancial ins<span class=\"_ _92\"></span>truments. If a fr<span class=\"_ _92\"></span>amework agree<span class=\"_ _92\"></span>ment with a netting cl<span class=\"_ _92\"></span>ause </span>has been en<span class=\"_ _92\"></span>tered into with a coun<span class=\"_ _92\"></span>terparty, the positive and n<span class=\"_ _92\"></span>egative fair values of th<span class=\"_ _92\"></span>e transactions for this counterpar<span class=\"_ _92\"></span>ty are netted for accoun<span class=\"_ _92\"></span>ting purposes because the aim is to settl<span class=\"_ _92\"></span>e on a net basis. The effects of po<span class=\"_ _92\"></span>tential price fluctuations on the <span class=\"_ _92\"></span>electricity market (\u2013 <span class=\"fs2 ls70 wsbd7\">10.0 <span class=\"_ _89\"></span>% to +<span class=\"fs9 ls0 ws0\"> </span><span class=\"ls67 ws66\">10.0 %) <span class=\"_ _21c\"> </span>were </span></span>measured b<span class=\"_ _92\"></span>y means of a sensitivity analysis<span class=\"_ _43\"></span>: Sensitivity: mark<span class=\"_ _92\"></span>et price fluctuation <span class=\"_ _92\"></span>of +<span class=\"fsa ls0 ws0\"> </span><span class=\"ls16f ws8b8\">10 % <span class=\"_ _32\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Effect on operating <span class=\"ls32 ws2e\">result (wholesale an<span class=\"ls1e ws63\">d trading portfolio) <span class=\"_ _2e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>40.6 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">61.9 </span></span></span></span></span>Effect on equity (revaluation r<span class=\"_ _92\"></span>eserve from cash flow hedges) <span class=\"_ _1ae\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>294.3 <span class=\"_ _5b\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">346.6 </span></span></span>Sensitivity: mark<span class=\"_ _92\"></span>et price fluctuation <span class=\"_ _92\"></span>of \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls16f ws8b8\">10 % <span class=\"_ _265\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Effect on operating <span class=\"ls32 ws2e\">result (wholesale an<span class=\"ls1e ws63\">d trading portfolio) <span class=\"_ _257\"> </span><span class=\"fc4 ls0 ws0\">40.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">61.9 </span></span></span></span>Effect on equity (revaluation r<span class=\"_ _92\"></span>eserve from cash flow hedges) <span class=\"_ _1ac\"> </span><span class=\"fc4 ls0 ws0\">294.3 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">346.6 </span></span>The future s<span class=\"_ _92\"></span>ales and procuremen<span class=\"_ _92\"></span>t transactions hedged b<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> cash flow<span class=\"_ _92\"></span> hedges will occur over the nex<span class=\"_ _92\"></span>t ten years (2023 to 2032) and be reco<span class=\"ls70 wsa47\">gnised in profit or loss acco<span class=\"ls64 ws8c3\">rdingly. See section <span class=\"_ _89\"></span>5 Financial </span></span>instruments for further<span class=\"_ _92\"></span> details regar<span class=\"_ _92\"></span>ding the electricity futur<span class=\"_ _92\"></span>es and for<span class=\"_ _43\"></span>wards design<span class=\"_ _92\"></span>ated as cash flow<span class=\"_ _92\"></span> hedges.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-561": {
   "value": "Measurement and realisatio<span class=\"_ _92\"></span><span class=\"ls151 wsb0c\">n<span class=\"_ _43\"></span> of en<span class=\"_ _43\"></span>ergy d<span class=\"_ _43\"></span>eriva<span class=\"_ _43\"></span>tive<span class=\"_ _43\"></span>s <span class=\"_ _115\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Realisation of futures <span class=\"_ _212\"> </span><span class=\"fc4 ls18 ws0\">1,041.7 <span class=\"_ _3c\"> </span><span class=\"ff2c fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">18.3 </span></span></span>of which negative <span class=\"_ _246\"> </span><span class=\"fc4 ls0 ws0\">2,129.7 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">4,039.4 </span></span>of which positive <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,088.0 <span class=\"_ _68\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4,057.7 </span></span></span>Measurements <span class=\"_ _247\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">772.0 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">876.3 </span></span></span>of which negative <span class=\"_ _246\"> </span><span class=\"fc4 ls0 ws0\">3,030.7 <span class=\"_ _aa\"> </span><span class=\"fc0\">6,998.5 </span></span>of which positive <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3,802.7 <span class=\"_ _10d\"> </span><span class=\"fc0\">\u2013<span class=\"fsa\"> </span>6,122.2 </span></span>Measurement and realisation of energy derivativ<span class=\"_ _92\"></span>es <span class=\"_ _36\"> </span><span class=\"fc4 ls18 ws0\">269.<span class=\"_ _92\"></span>7 <span class=\"_ _50\"> </span><span class=\"ff37 fc0 ls33\">858.0<span class=\"_ _333\"> </span></span></span>Other financial<span class=\"_ _92\"></span> result <span class=\"_ _251\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Measurement of an obligation to return an in<span class=\"_ _92\"></span>terest<span class=\"_ _333\"> </span>1 <span class=\"_ _70\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>23.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.6 </span>Measurement of deriva<span class=\"_ _92\"></span>tive financial instruments in the financ<span class=\"_ _92\"></span>e area <span class=\"_ _20b\"> </span><span class=\"fc4 ls0 ws0\">2.4 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.4 </span></span>Income from securities and loans <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">3.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange gains <span class=\"_ _255\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange losses <span class=\"_ _77\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.4 </span></span></span>Change in expected credit losses <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.<span class=\"_ _92\"></span>1 </span></span></span>Measurement of a pro<span class=\"_ _92\"></span>fit participation ri<span class=\"ls74 ws68\">ght with resp<span class=\"_ _92\"></span>ect to material assets<span class=\"_ _333\"> </span></span>2 <span class=\"_ _1d4\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">22.7<span class=\"_ _92\"></span> </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.3 </span></span></span>Other financial result <span class=\"_ _ef\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">15.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.6 </span></span></span>1 The obligation<span class=\"_ _43\"></span> to transfer <span class=\"_ _43\"></span>the 50 % interest<span class=\"_ _43\"></span> in Donaukra<span class=\"_ _43\"></span>ftwerk Jochenste<span class=\"_ _43\"></span>in AG to the <span class=\"_ _43\"></span>Free State of Bav<span class=\"_ _43\"></span>aria without exch<span class=\"_ _43\"></span>ange of<span class=\"ls4c ws4e\"> cons<span class=\"_ _43\"></span>ideration is<span class=\"_ _43\"></span> measured at a<span class=\"_ _43\"></span>mortised cos<span class=\"_ _43\"></span>t. </span>The expecte<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span> fair value of the i<span class=\"_ _92\"></span>nterest at the transfer date (31 December 2050) i<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>calculated pe<span class=\"_ _92\"></span>riodically and discounted based<span class=\"_ _92\"></span><span class=\"ls4d ws6d8\"> on the or<span class=\"_ _43\"></span>iginal effe<span class=\"_ _43\"></span>ctive interest ra<span class=\"_ _43\"></span>te </span>(correspondin<span class=\"_ _43\"></span>g to the w<span class=\"_ _43\"></span>eighted aver<span class=\"_ _43\"></span>age cost<span class=\"_ _43\"></span> of capital at<span class=\"_ _43\"></span> the acquis<span class=\"_ _43\"></span>ition date<span class=\"_ _43\"></span>). Chan<span class=\"_ _43\"></span>ges in the ex<span class=\"_ _43\"></span>pected fair<span class=\"_ _43\"></span> value of th<span class=\"_ _43\"></span>e inte<span class=\"ls39 ws37\">rest are recognised in the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other financial re<span class=\"_ _92\"></span>sult. See </span>section 8.2 O<span class=\"_ _43\"></span>ther long-t<span class=\"_ _43\"></span>erm liabilit<span class=\"_ _43\"></span>ies // 2 The profit p<span class=\"_ _43\"></span>articipation<span class=\"_ _43\"></span> right exists wit<span class=\"_ _43\"></span>h respect to the <span class=\"_ _43\"></span>material assets<span class=\"_ _43\"></span> of TAG. They<span class=\"_ _43\"></span> are measu<span class=\"_ _43\"></span>red at fair value th<span class=\"_ _43\"></span>rough pr<span class=\"_ _43\"></span>of<span class=\"ls201 wsb11\">it or loss in </span>accordance with<span class=\"_ _43\"></span> IFRS 9<span class=\"_ _333\"> </span>Investme<span class=\"_ _92\"></span>nts, non-current r<span class=\"_ _92\"></span>eceivables from deriv<span class=\"_ _92\"></span>ative financial instrument<span class=\"_ _43\"></span>s and non-current other receivables <span class=\"_ _74\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _21f\"> </span><span class=\"ff2f fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _2\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>Investments \u2013 closed items on <span class=\"_ _92\"></span>the balance sheet <span class=\"_ _294\"> </span><span class=\"fc4 ls0 ws0\">376.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">407.3 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 closed items on the balance she<span class=\"_ _92\"></span>et<span class=\"_ _333\"> </span>2 <span class=\"_ _144\"> </span><span class=\"fc4\">70.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.5 </span>Other investments and other r<span class=\"_ _92\"></span>eceivables <span class=\"_ _262\"> </span><span class=\"fc4 ls0 ws0\">523.2 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">538.1 </span></span>Other receivables from derivativ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> financial instruments<span class=\"_ _333\"> </span>2 <span class=\"_ _194\"> </span><span class=\"fc4\">454.9 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">405.8 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _295\"> </span><span class=\"fc4 ls18\">1,425.3 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,382.7<span class=\"_ _333\"> </span></span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. // 2 see section<span class=\"_ _43\"></span> 6.2 Rece<span class=\"_ _43\"></span>ivables <span class=\"_ _43\"></span>from derivat<span class=\"_ _43\"></span>ive fina<span class=\"_ _43\"></span>ncial instr<span class=\"_ _43\"></span>uments Investments \u2013 <span class=\"_ _92\"></span>cross-border leasing and closed items on the balance sheet <span class=\"_ _1ad\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Securities (loan stock rights) under closed items on the balance sheet Other loans under closed items on the balance sheet To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _158\"> </span><span class=\"ls0 ws0\">67.7 <span class=\"_ _3\"> </span>309.2 <span class=\"_ _127\"> </span>376.9 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">4.0 <span class=\"_ _9c\"> </span>16.8 <span class=\"_ _de\"> </span>20.8 </span>Additions <span class=\"_ _cd\"> </span><span class=\"ls0\">2.7 <span class=\"_ _60\"> </span>3.5 <span class=\"_ _61\"> </span>6.2 </span>Capitalised interest <span class=\"_ _296\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _9c\"> </span>11.2 <span class=\"_ _de\"> </span>11.3 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>7.8 </span>Amortised acquisition <span class=\"ls22 ws62\">cost as at 31/1<span class=\"_ _43\"></span>2 <span class=\"_ _2f\"> </span><span class=\"ls49 ws0\">73.2 <span class=\"_ _53\"> </span><span class=\"ls31\">334.1 <span class=\"_ _16a\"> </span><span class=\"ls18\">407.3 </span></span></span></span>of which non-current assets <span class=\"_ _ce\"> </span><span class=\"ls0 ws0\">73.2 <span class=\"_ _3\"> </span>334.1 <span class=\"_ _127\"> </span>407.3<span class=\"_ _333\"> </span></span><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsa9 ws1e6 gs9c5\">Investments \u2013 <span class=\"_ _92\"></span>cross-border leasing and closed items on the balance sheet <span class=\"_ _1ad\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs9c6\">Securities (loan </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs9c7\">stock rights) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs9c8\">under closed </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs9c9\">items on the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs9ca\">balance sheet </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs9cb\">Other loans </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs9cc\">under closed </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs9cd\">items on the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs9ce\">balance sheet </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs9cf\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs9d0\">2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs9d1\">Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _158\"> </span><span class=\"ls0 ws0\">60.7 <span class=\"_ _3\"> </span>279.3 <span class=\"_ _127\"> </span>340.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs9d2\">Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">4.8 <span class=\"_ _9c\"> </span>20.1 <span class=\"_ _de\"> </span>24.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs9d3\">Additions <span class=\"_ _cd\"> </span><span class=\"ls0\">2.6 <span class=\"_ _60\"> </span>4.8 <span class=\"_ _61\"> </span>7.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs9d4\">Capitalised interest <span class=\"_ _296\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _9c\"> </span>11.1 <span class=\"_ _de\"> </span>11.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs9d5\">Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.5 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs9d6\">Amortised acquisition <span class=\"ls22 ws62\">cost as at 31/1<span class=\"_ _43\"></span>2 <span class=\"_ _2f\"> </span><span class=\"ls18 ws0\">67.7 <span class=\"_ _125\"> </span>309.2 <span class=\"_ _3\"> </span>376.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs9d7\">of which non-current assets <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">67.7 <span class=\"_ _3\"> </span>309.2 <span class=\"_ _127\"> </span>376.9<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div>Other investments and non-cu<span class=\"_ _43\"></span>rrent other receivables  <span class=\"_ _18a\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Loans to affiliated companies \u2013 not included in the basis of consolidation  Loans to inves<span class=\"_ _43\"></span>t<span class=\"_ _43\"></span>ees<span class=\"_ _43\"></span> Securities (loan stock rights) Other loans <span class=\"_ _1d1\"> </span><span class=\"ls16b ws0\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span>2022 <span class=\"_ _30\"> </span><span class=\"ls31\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _9c\"> </span>  </span>Cost as at 1/1 <span class=\"_ _27\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _4a\"> </span>24.6 <span class=\"_ _68\"> </span>148.8 <span class=\"_ _a3\"> </span>5.6 <span class=\"_ _24\"> </span>179.1 </span>Additions from  business acquisitions <span class=\"_ _199\"> </span><span class=\"ls0 ws0\">1.2 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _6c\"> </span>1.2 </span>Additions <span class=\"_ _70\"> </span><span class=\"ls0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _66\"> </span>32.4 <span class=\"_ _a3\"> </span>0.1 <span class=\"_ _2c\"> </span>32.5 </span>Reclassifications <span class=\"_ _2e\"> </span><span class=\"ls0\">1.5 <span class=\"_ _4a\"> </span>34.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _2c\"> </span>36.0 </span>Cost as at 31/12 <span class=\"_ _186\"> </span><span class=\"ls18 ws0\">2.7 <span class=\"_ _4b\"> </span>59.1 <span class=\"_ _23\"> </span>181.2 <span class=\"_ _15f\"> </span>5.7 <span class=\"_ _b8\"> </span>248.8 </span>Accumulated value adjustments <span class=\"_ _92\"></span> as at 1/1 <span class=\"_ _74\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _fd\"> </span>\u2013<span class=\"fsa\"> </span>10.4 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _1b3\"> </span>\u2013<span class=\"fsa\"> </span>10.4 </span>Impairment losses <span class=\"_ _11d\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4b\"> </span>\u2013<span class=\"fsa\"> </span>9.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4f\"> </span>\u2013<span class=\"fsa\"> </span>9.1 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _fe\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _6c\"> </span>0.5 </span>Disposals <span class=\"_ _1e1\"> </span><span class=\"ls0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4b\"> </span>\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4f\"> </span>\u2013<span class=\"fsa\"> </span>1.3 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s  as at 31/12 <span class=\"_ _73\"> </span><span class=\"ls18 ws0\">0.0<span class=\"_ _92\"></span> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _24\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">20.3 <span class=\"_ _15f\"> </span></span></span>0.0 <span class=\"_ _11c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">20.3 </span></span></span>Net carrying amount as at 31/12 <span class=\"_ _130\"> </span><span class=\"ls18 ws0\">2.7 <span class=\"_ _4b\"> </span>59.1 <span class=\"_ _fd\"> </span>160.9 <span class=\"_ _6a\"> </span>5.7 <span class=\"_ _1b3\"> </span>228.5 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _138\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _4a\"> </span>24.6 <span class=\"_ _10f\"> </span>138.4 <span class=\"_ _a3\"> </span>5.6 <span class=\"_ _24\"> </span>168.7 </span>Net carrying amount of other non-<span class=\"_ _333\"> </span>current receivables as at 31/12<span class=\"_ _333\"> </span>1 <span class=\"_ _6b\"> </span><span class=\"ls31\">  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">341.1 </span></span>Net carrying amount of other non-<span class=\"_ _333\"> </span>current receivables as at 1/1<span class=\"_ _333\"> </span>1 <span class=\"_ _1d8\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _1cd\"> </span>424.7 T<span class=\"_ _14\"></span>otal net carrying amount  as at 31/12 <span class=\"_ _178\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">569.6 </span></span>T<span class=\"_ _14\"></span>otal net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _1d4\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _1cd\"> </span>593.4 </span>1 incl. the carr<span class=\"_ _43\"></span>ying amoun<span class=\"_ _43\"></span>t of interest<span class=\"_ _43\"></span> rate swaps \u2013 <span class=\"_ _43\"></span>closed items<span class=\"_ _43\"></span> on balan<span class=\"_ _43\"></span>ce sheet; ex<span class=\"_ _43\"></span>cl. other non<span class=\"_ _43\"></span>-current r<span class=\"_ _43\"></span>eceivables from<span class=\"_ _43\"></span> der<span class=\"ls4d ws4f\">iva<span class=\"_ _43\"></span>tive finan<span class=\"_ _43\"></span>cial instru<span class=\"_ _43\"></span>ment<span class=\"_ _333\"> </span></span><span class=\"ls4d ws4f\">s<span class=\"_ _333\"> </span></span><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf1 ws844 gsa04\">Other investments and non-cu<span class=\"_ _43\"></span>rrent other receivables<span class=\"_ _333\"> </span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gsa05\">1</div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls14f ws0 gsa06\">  <span class=\"_ _100\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gsa07\">Loans to </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls246 ws0 gsa08\">inves<span class=\"_ _43\"></span>t<span class=\"_ _43\"></span>ees<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gsa09\">Securities </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsa0a\">(loan stock </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsa0b\">rights) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsa0c\">Other loans <span class=\"_ _59\"> </span><span class=\"ls16b ws0\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _81\"></span> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gsa0d\">2021 <span class=\"_ _c3\"> </span><span class=\"ls0\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _60\"> </span>  <span class=\"_ _24c\"> </span>  <span class=\"_ _61\"> </span>  </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsa0e\">Cost as at 1/1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _4b\"> </span>73.7 <span class=\"_ _2c\"> </span>147.5 <span class=\"_ _53\"> </span>5.4 <span class=\"_ _66\"> </span>226.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gsa0f\">Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _157\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>7.1 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>7.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gsa10\">Additions <span class=\"_ _ae\"> </span><span class=\"ls0\"> <span class=\"_ _6a\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.2 <span class=\"_ _127\"> </span>0.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gsa11\">Disposals <span class=\"_ _99\"> </span><span class=\"ls0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>1.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gsa12\">Reclassifications <span class=\"_ _34\"> </span><span class=\"ls0\"> <span class=\"_ _24\"> </span>\u2013<span class=\"fsa\"> </span>49.1 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>4.3 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>53.4 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gsa13\">Cost as at 31/12 <span class=\"_ _2f\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _2c\"> </span><span class=\"ls18\">24.6<span class=\"_ _92\"></span> <span class=\"_ _4f\"> </span>148.8 <span class=\"_ _53\"> </span>5.6 <span class=\"_ _26\"> </span>179.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gsa14\">Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _8\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _119\"> </span>\u2013<span class=\"fsa\"> </span>18.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>18.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gsa15\">Rev<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rsal of impairment losses<span class=\"_ _92\"></span> <span class=\"_ _58\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>5.6 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2\"> </span>5.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsa16\">Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _b5\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>0.9 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>0.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gsa17\">Disposals <span class=\"_ _99\"> </span><span class=\"ls0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>1.6 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2\"> </span>1.6 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gsa18\">Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _a8\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _6a\"> </span><span class=\"ls18\">0.0 <span class=\"_ _1d1\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">10.4 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _4f\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">10.4 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gsa19\">Net carrying amount as at 31/12 <span class=\"_ _e3\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _2c\"> </span><span class=\"ls18\">24.6 <span class=\"_ _119\"> </span>138.4 <span class=\"_ _125\"> </span>5.6 <span class=\"_ _2c\"> </span>168.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsa1a\">Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _19f\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _4b\"> </span>73.7 <span class=\"_ _2c\"> </span>129.0 <span class=\"_ _53\"> </span>5.4 <span class=\"_ _66\"> </span>208.2 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsa1b\">Net carrying amount of other non- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gsa1c\">current receivables as at 31/12<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gsa1d\">2</div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsa1e\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _24c\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _10d\"> </span><span class=\"ls18\">424.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsa1f\">Net carrying amount of other non- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gsa20\">current receivables as at 1/1<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gsa21\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsa22\"> <span class=\"_ _123\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _119\"> </span>146.4 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsa23\">T<span class=\"_ _14\"></span>otal net carrying amount as at 31/12 <span class=\"_ _a5\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _24c\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _10d\"> </span><span class=\"ls49\">593.4 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gsa24\">T<span class=\"_ _14\"></span>otal net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _55\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _130\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _119\"> </span>354.7 </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsa25\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3e ws3c gsa26\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsa27\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls143 ws537 gsa28\"> incl. the car<span class=\"_ _43\"></span>rying amount o<span class=\"_ _43\"></span>f interest ra<span class=\"_ _43\"></span>te swaps \u2013 cl<span class=\"_ _43\"></span>osed items <span class=\"_ _43\"></span>on balance <span class=\"_ _43\"></span>sheet;  </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls184 ws814 gsa29\">excl. other non-c<span class=\"_ _92\"></span>urrent receivables from deriva<span class=\"_ _92\"></span>tive financial instruments<span class=\"_ _333\"> </span> </div>5.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1e0 wsa81\">Financial instrument<span class=\"_ _92\"></span>s </span>5.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span><span class=\"ff2a\">Accounting treatment of finan<span class=\"_ _92\"></span>cial instruments</span></span><span class=\"ff36 ls0\"><span class=\"ff2a\"> </span></span>Primary financial instruments For information r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>garding acco<span class=\"_ _92\"></span>unting polici<span class=\"ls80 wsde\">es for primar<span class=\"_ _43\"></span>y financial instruments see: </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls28 ws2ae\">Interests accounted for using the e<span class=\"_ _43\"></span>quity method \u2013<span class=\"_ _43\"></span> section 4.5 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">Other equity inter<span class=\"_ _92\"></span>ests \u2013 section 4.6 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls98 wsc6\">Investments and non-current othe<span class=\"_ _43\"></span>r receivables \u2013 section 4.7 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital \u2013 section 6 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls80 wsde\">Liabilities \u2013 section 8 </span></span>Deriva<span class=\"_ _92\"></span>tive financia<span class=\"_ _92\"></span>l instruments  Derivative fina<span class=\"_ _92\"></span>ncial instruments are r<span class=\"_ _92\"></span>ecognised at fair value when the contr<span class=\"_ _92\"></span>act is entered in<span class=\"_ _92\"></span>to and are subsequently me<span class=\"_ _92\"></span>asured at fair value<span class=\"_ _92\"></span>. As a rule, unrealised r<span class=\"_ _92\"></span>emeasuremen<span class=\"_ _92\"></span>t gains or losses are recognised in the inco<span class=\"_ _92\"></span>me statement if the requir<span class=\"_ _92\"></span>ements for recognition o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships (hedg<span class=\"_ _92\"></span>e accounting) in <span class=\"_ _92\"></span>accordance with IFRS <span class=\"_ _80\"></span>9 are n<span class=\"_ _92\"></span>ot met (see section <span class=\"_ _87\"></span>5.2 Accounting trea<span class=\"_ _92\"></span>tment of hedging relationships). Derivative fin<span class=\"_ _92\"></span>ancial instruments with positive fair<span class=\"_ _0\"></span> values ar<span class=\"_ _92\"></span>e recognised under r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables fr<span class=\"_ _92\"></span>om derivative finan<span class=\"_ _92\"></span>cial instruments, while those <span class=\"_ _92\"></span>with ne<span class=\"ws105\">gative fair values ar<span class=\"_ _92\"></span>e recognised under liabilities </span>from deriv<span class=\"_ _92\"></span>ative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments. If a f<span class=\"_ _92\"></span>ramework agr<span class=\"_ _92\"></span>eement with a netting arr<span class=\"_ _92\"></span>angement h<span class=\"_ _92\"></span>as been enter<span class=\"_ _92\"></span>ed into with a counterparty, th<span class=\"_ _92\"></span>e positive and negative fair v<span class=\"_ _92\"></span>alues of the transactio<span class=\"_ _92\"></span>ns for this counterparty fo<span class=\"_ _92\"></span>r the corresponding periods ar<span class=\"_ _92\"></span>e netted for accountin<span class=\"_ _92\"></span>g purposes because the aim is to settle on a net<span class=\"_ _43\"></span> basis. So-called own-use contracts are not accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for as <span class=\"lsbc ws978\">derivative financial inst<span class=\"ls98 ws671\">ruments, but instead as </span></span>executory contracts (<span class=\"_ _92\"></span>own use exem<span class=\"_ _92\"></span>ption). If supplier contr<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>cts that<span class=\"_ _92\"></span> previously repr<span class=\"_ _92\"></span>esented own-use contracts le<span class=\"_ _92\"></span>ad to a net settlement within the <span class=\"_ _92\"></span>meaning of IFRS <span class=\"_ _92\"></span>9, they must be qualified as fr<span class=\"_ _92\"></span>eestanding derivatives and r<span class=\"_ _92\"></span>ecognised at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span>Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _1d\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Assets \u2013 balance sheet items <span class=\"_ _a4\"> </span><span class=\"ff2f ls32 ws0\">Measurement </span>categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l <span class=\"_ _1e6\"> </span><span class=\"ls1a\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>15.4 <span class=\"_ _2\"> </span>15.4 </span></span>Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">13.6 <span class=\"_ _2\"> </span>13.6 </span></span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _b8\"> </span>27.4 <span class=\"_ _2\"> </span>27.4 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>121.2 <span class=\"_ _6a\"> </span>121.2 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">15.1 <span class=\"_ _2\"> </span>15.1 </span></span></span>Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">192.7 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>369.7 <span class=\"_ _6a\"> </span>369.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>36.2 <span class=\"_ _2\"> </span>36.2 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>31.5 <span class=\"_ _2\"> </span>31.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _27f\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">437.3 <span class=\"_ _14b\"> </span></span>  </span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>152.4 <span class=\"_ _6a\"> </span>152.4 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _119\"> </span>7.3 <span class=\"_ _ac\"> </span>7.3 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _a9\"> </span><span class=\"ls1c\">AC <span class=\"_ _119\"> </span><span class=\"ls0\">1.3 <span class=\"_ _de\"> </span>1.3 </span></span></span>Securities \u2013 closed items on th<span class=\"_ _92\"></span>e balance sheet <span class=\"_ _111\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>73.2 <span class=\"_ _16a\"> </span>71.2 </span></span>Other loans \u2013 closed item<span class=\"ls5e ws5f\">s on the balance sheet <span class=\"_ _14a\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>334.1 <span class=\"_ _6a\"> </span>335.9 </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>59.1 <span class=\"_ _2\"> </span>53.4 </span></span>Loans to affiliated companies <span class=\"_ _32\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>2.7 <span class=\"_ _de\"> </span>2.7 </span></span>Other loans <span class=\"_ _298\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.8 <span class=\"_ _de\"> </span>5.0 </span></span>Other <span class=\"_ _26c\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">3 <span class=\"_ _1b3\"> </span>21.2 <span class=\"_ _2\"> </span>21.2 </span></span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">250.2 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.3 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other inve<span class=\"_ _92\"></span>stments and non-current other receivables <span class=\"_ _299\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">945.5 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _119\"> </span>4.7 <span class=\"_ _ac\"> </span>4.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,820.7 <span class=\"_ _5a\"> </span>1,820.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>8.3 <span class=\"_ _ac\"> </span>8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls29\">1,833.7 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">968.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">57.9 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>3.5 <span class=\"_ _ac\"> </span>3.0 </span></span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _4f\"> </span>0.2 <span class=\"_ _de\"> </span>0.2 </span></span>Emission rights <span class=\"_ _e0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">49.0 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">428.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.7 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _b4\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,546.1 <span class=\"_ _14b\"> </span></span>  </span>Cash and cash equivalents <span class=\"_ _a0\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _179\"> </span><span class=\"ls18\">409.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _125\"> </span>  <span class=\"_ _14b\"> </span>  </span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _146\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,592.4 <span class=\"_ _93\"> </span>  </span></span>Financial assets measured at fair value through  profit or loss <span class=\"_ _6f\"> </span><span class=\"ws0\">FVPL <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,444.8 <span class=\"_ _14b\"> </span>  </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _13c\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _21\"> </span>201.3 <span class=\"_ _14b\"> </span></span></span><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gsa79\">5.1.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13b ws0 gsa7a\">Additional </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls7f ws4f0 gsa7b\">disclosures  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls10b ws1a gsa7c\">regar<span class=\"_ _92\"></span>ding financial </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls94 wsb8 gsa7d\">instruments in </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls128 ws2f7 gsa7e\">accordance<span class=\"_ _92\"></span> with </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls146 ws63a gsa7f\">IFRS 7 </div>Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _148\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Liabilities \u2013 balance sheet items <span class=\"_ _19c\"> </span><span class=\"ff2f ls247 ws0\">Measurement </span>categories in accordance with IFRS 9 Level <span class=\"_ _17\"> </span><span class=\"ls24b\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Bonds <span class=\"_ _29a\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,151.0 <span class=\"_ _15f\"> </span>956.5 </span></span>Financial liabilities to <span class=\"ls1f ws25a\">banks and to others <span class=\"_ _1a2\"> </span></span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span></span>2 <span class=\"_ _5d\"> </span>2,304.6 <span class=\"_ _5a\"> </span>2,323.5 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _266\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>126.6 <span class=\"_ _6a\"> </span>140.2 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _4e\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _8\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _21\"> </span>312.3 <span class=\"_ _6a\"> </span>312.3 </span></span>Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _199\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">7.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Put liability <span class=\"_ _239\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">52.1 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls38\">3,95<span class=\"_ _43\"></span>3.9 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,069.2 <span class=\"_ _5a\"> </span>1,069.2 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,069.2<span class=\"_ _92\"></span> <span class=\"_ _93\"> </span><span class=\"ls31\">  </span></span></span>Electricity supply commitment <span class=\"_ _101\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">113.4 <span class=\"_ _d9\"> </span></span>\u2013 </span>Obligation to return an interest <span class=\"_ _135\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _21\"> </span>116.7 <span class=\"_ _6a\"> </span>124.5 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">2.8 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _21\"> </span></span>126.0 <span class=\"_ _14b\"> </span>  Deferred income<span class=\"_ _43\"></span> for grants (emiss<span class=\"_ _43\"></span>ion rights) <span class=\"_ _1e4\"> </span><span class=\"ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls0\">0.1 <span class=\"_ _d9\"> </span><span class=\"ls31\">\u2013 </span></span></span>Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">204.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other non-current liabilities  <span class=\"_ _1a7\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls49\">5<span class=\"_ _43\"></span>63.4 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _5\"> </span>216.7 <span class=\"_ _15f\"> </span>216.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,274.9 <span class=\"_ _5a\"> </span>1,274.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,491.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">412.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _1b3\"> </span></span>10.8 <span class=\"_ _93\"> </span>  Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">467.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">144.6 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade payables and other liabilities <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,035.8 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _49\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _1ad\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _49\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>4,838.6 <span class=\"_ _93\"> </span>  </span></span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss <span class=\"_ _29b\"> </span><span class=\"ws0\">FVPL <span class=\"_ _11c\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,560.8 <span class=\"_ _93\"> </span>  </span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _21\"> </span>312.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _1b3\"> </span>13.4 <span class=\"_ _127\"> </span>13.4 Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _4f\"> </span>0.6 <span class=\"_ _de\"> </span>0.6 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>1 <span class=\"_ _1b3\"> </span>29.7 <span class=\"_ _127\"> </span>29.7 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>117.0 <span class=\"_ _15f\"> </span>117.0 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _1b3\"> </span>16.4 <span class=\"_ _127\"> </span>16.4 Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">177.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>454.9 <span class=\"_ _6a\"> </span>454.9 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>70.3 <span class=\"_ _2\"> </span>70.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">525.2 <span class=\"_ _14b\"> </span></span>  </span>Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _29e\"></span>130.4 <span class=\"_ _29f\"></span>130.4 Securities FVOCI <span class=\"_ _2a0\"></span>3 <span class=\"_ _2a1\"></span>6.7 <span class=\"_ _2a2\"></span>6.7 Securities FVOCI <span class=\"_ _2a3\"></span>AC <span class=\"_ _2a1\"></span>1.3 <span class=\"_ _2a2\"></span>1.3 Securities \u2013 closed items on the balance sheet <span class=\"_ _e7\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>67.7 <span class=\"_ _127\"> </span>65.4 Other loans \u2013 closed items on the balance sheet <span class=\"_ _35\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>309.2 <span class=\"_ _6a\"> </span>328.9 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>24.6 <span class=\"_ _127\"> </span>23.8 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>5.6 <span class=\"_ _de\"> </span>6.0 Other FVPL <span class=\"_ _2a4\"></span>3 <span class=\"_ _2a5\"></span>43.5 <span class=\"_ _2a6\"></span>43.5 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>274.5 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>36.5 <span class=\"_ _2ac\"></span>\u2013 Other inve<span class=\"_ _92\"></span>stments and non-current other receivables   <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">900.1 <span class=\"_ _93\"> </span></span>  Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _1b3\"> </span>31.3 <span class=\"_ _2\"> </span>31.3 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,941.3 <span class=\"_ _5a\"> </span>1,771.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,972.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span>AC <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>818.4 <span class=\"_ _d9\"> </span>\u2013 Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>57.6 <span class=\"_ _d9\"> </span>\u2013 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>49.1 <span class=\"_ _127\"> </span>49.6 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _de\"> </span>0.0 Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _2ad\"></span>4.3 <span class=\"_ _2ae\"></span>4.3 Emission rights <span class=\"_ _e0\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>31.2 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>334.7 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>38.1 <span class=\"_ _2ac\"></span>\u2013 T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _2af\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>1,333.4 <span class=\"_ _93\"> </span>  </span>Cash and cash equivalents <span class=\"_ _c6\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _15e\"> </span><span class=\"ls18\">318.6 <span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _333\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial assets at amor<span class=\"ls59 ws5a\">tised cost <span class=\"_ _bf\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,260.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair value thro<span class=\"ls0 ws0\">u<span class=\"_ _92\"></span>gh profit or loss <span class=\"_ _d5\"> </span>FVPL <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,676.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair valu<span class=\"_ _92\"></span>e through other comprehensive income <span class=\"_ _118\"> </span>FVOCI <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>185.2 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _16b\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Liabilities \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Bonds AC <span class=\"_ _2b0\"></span>2 <span class=\"_ _2b1\"></span>990.6 <span class=\"_ _2b2\"></span>1,019.8 Financial liabilities to banks<span class=\"ls46 ws2fb\"> and to others <span class=\"_ _1a2\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _22d\"> </span>1,858.8 <span class=\"_ _5a\"> </span>1,740.2 </span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance sheet <span class=\"_ _31\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>117.1 <span class=\"_ _6a\"> </span>150.9 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance<span class=\"ls19 ws184\"> sheet <span class=\"_ _288\"> </span>FVPL \u2013 D <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>330.1 <span class=\"_ _15f\"> </span>330.1 </span>Capital shares attributable <span class=\"ls0 ws0\">to limited partners <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _d9\"> </span>\u2013 </span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _21d\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>734.8 <span class=\"_ _6a\"> </span>734.8 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">734.8 <span class=\"_ _14b\"> </span></span>  </span>Electricity supply commitment <span class=\"_ _2a\"> </span>\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>126.5 <span class=\"_ _d9\"> </span>\u2013 Obligation to return an interest <span class=\"_ _135\"> </span>AC <span class=\"_ _8\"> </span>3 <span class=\"_ _5\"> </span>140.4 <span class=\"_ _6a\"> </span>243.3 T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>2.1 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>86.0 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>107.2 <span class=\"_ _2b3\"></span>\u2013 Non-current other liabilities <span class=\"_ _287\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">462.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>117.4 <span class=\"_ _6a\"> </span>117.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>3,190.1 <span class=\"_ _5a\"> </span>3,755.1 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.9 <span class=\"_ _de\"> </span>5.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current)   <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>3,313.3 <span class=\"_ _93\"> </span>  T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _5\"> </span>293.6 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>8.3 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>324.8 <span class=\"_ _2b3\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2b4\"></span>109.8 <span class=\"_ _29d\"></span>\u2013 T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _1a6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">736.4 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilities at amor<span class=\"_ _92\"></span>tised cost <span class=\"_ _2b5\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _5d\"> </span>3,834.5 <span class=\"_ _93\"> </span>  Financial liabilities at f<span class=\"_ _92\"></span>air value thro<span class=\"ls5d ws5e\">ugh profit or loss <span class=\"_ _e3\"> </span>FVPL <span class=\"_ _49\"> </span>  <span class=\"_ _5d\"> </span>4,048.1 <span class=\"_ _93\"> </span>  </span>Financial liabilities at <span class=\"ls60 ws259\">fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span>FVPL \u2013 D <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>330.1 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>For<span class=\"_ _92\"></span> financial liabilities (under closed items on<span class=\"_ _92\"></span> the balance sheet) classified as FVPL in the abo<span class=\"_ _92\"></span>ve table, the differ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nce b<span class=\"ls74 ws6bf\">etween the carrying amount as at <span class=\"_ _92\"></span><span class=\"ls79 ws685\">31 <span class=\"_ _85\"></span>December 2022 and the amount that </span></span>VERBUND would ha<span class=\"_ _92\"></span>ve to pay upon maturity is \u20ac26.3m<span class=\"ls7d ws284\"> (previous year: \u20ac2.9m). The amount due upon </span>maturity was tr<span class=\"_ _92\"></span>anslated at the rate (\u20ac1=$1) of <span class=\"lsab ws8a7\">1.0666 on the reporting date (pr<span class=\"_ _92\"></span>evious year<span class=\"_ _63\"></span>: 1.1326). <span class=\"_ _88\"></span> </span>In the even<span class=\"_ _92\"></span>t of insolvency, derivative fin<span class=\"_ _92\"></span>ancial instruments in the fin<span class=\"_ _92\"></span>ance area (under closed it<span class=\"_ _92\"></span>ems on the balance sheet)<span class=\"_ _92\"></span> can be netted agains<span class=\"_ _92\"></span>t the financial liabilities cl<span class=\"_ _92\"></span>assified as FVPL (under closed items on the balance <span class=\"_ _92\"></span>sheet) (see section 11 Risk man<span class=\"_ _92\"></span>agement).<span class=\"_ _333\"> </span>Of the derivative fin<span class=\"_ _92\"></span>ancial instruments in the energy<span class=\"_ _92\"></span> area classified as FVPL in the abo<span class=\"_ _92\"></span>ve table, positive fair values in the amoun<span class=\"_ _0\"></span>t of \u20ac1,012.1m (pre<span class=\"ls79 ws3a9\">vious year:<span class=\"_ _43\"></span> \u20ac504.1m) and negative fair values in the </span>amount of \u20ac2,491.9m (previous year: \u20ac2,425.8m) relate to hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships designated as c<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>sh flow hedges. T<span class=\"_ _92\"></span>hese fair values repr<span class=\"_ _92\"></span>esent gross am<span class=\"_ _92\"></span>ounts<span class=\"_ _43\"></span>; following the inter-<span class=\"_ _92\"></span>portfolio netting carried out in accordan<span class=\"_ _92\"></span>ce with VERBUND\u2019<span class=\"_ _14\"></span>s accounting policies (see sec<span class=\"_ _92\"></span>tion <span class=\"_ _88\"></span>11.2 Risk management in<span class=\"_ _92\"></span> the energy area), cash flow hedges can no longer be<span class=\"_ _43\"></span> isolated.<span class=\"_ _333\"> </span>The interests in unconsoli<span class=\"_ _43\"></span>dated su<span class=\"lsa2 ws11b\">bsidiaries, other equity int<span class=\"_ _92\"></span>erests an<span class=\"ws252\">d other securities<span class=\"ls70 ws446\"> classified as </span></span></span>FVO<span class=\"_ _43\"></span>CI in the abo<span class=\"_ _92\"></span>ve table are hel<span class=\"_ _92\"></span>d for the long term due to str<span class=\"_ _92\"></span>ategic considera<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ions<span class=\"_ _92\"></span>. Details regar<span class=\"_ _92\"></span>ding the fair value an<span class=\"_ _92\"></span>d the dividend distributions of the <span class=\"lsb3 wsb76\">individual financial instru<span class=\"ls95 wsa66\">ments classified as FVO<span class=\"_ _43\"></span>CI </span></span>can be taken fr<span class=\"_ _92\"></span>om the following table:<span class=\"_ _92\"></span> Details regar<span class=\"_ _92\"></span>ding FVOCI equity interests 2022  <span class=\"_ _5e\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _30\"> </span><span class=\"ff2f fc4 ls2d ws90d\">Fair value as at </span>31/12/2021 Fair value as at 31/12<span class=\"_ _43\"></span>/2022 Dividend as at 31/12/2021 Dividend as at 31/12/202<span class=\"_ _43\"></span>2 Energie AG Ober\u00f6ster<span class=\"_ _92\"></span>reich <span class=\"_ _11d\"> </span><span class=\"fc4 ls0 ws0\">117.0 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">121.2 <span class=\"_ _56\"> </span></span>3.5 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0 ls18\">2.8 </span></span>Burgenland Holding Ak<span class=\"_ _92\"></span>tiengesellschaft <span class=\"_ _110\"> </span><span class=\"fc4 ls0 ws0\">29.7 <span class=\"_ _3c\"> </span><span class=\"ff2f fc0 ls18\">27.4 <span class=\"_ _56\"> </span></span>1.0 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0 ls18\">1.0 </span></span>V<span class=\"_ _92\"></span>erfahren Umwelt Management GmbH<span class=\"_ _92\"></span> <span class=\"_ _2b6\"> </span><span class=\"fc4 ls0 ws0\">9.8 <span class=\"_ _3c\"> </span><span class=\"ff2f fc0 ls18\">11.8 <span class=\"_ _1a\"> </span></span>0.8 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls31\">1.3 </span></span>HalloSonne GmbH <span class=\"_ _2b7\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _56\"> </span><span class=\"ff2f fc0 ls18\">8.1 <span class=\"_ _61\"> </span></span>\u2013 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Wien<span class=\"_ _92\"></span>er B\u00f6rse AG <span class=\"_ _42\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _56\"> </span><span class=\"ff2f fc0 ls31\">7.3 <span class=\"_ _1a\"> </span></span>0.7 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">0.6 </span></span>PV Invest Project 3 S.R.L. <span class=\"_ _113\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _56\"> </span><span class=\"ff2f fc0 ls18\">5.0 <span class=\"_ _61\"> </span></span>\u2013 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Gestionnaires du R\u00e9seau de T<span class=\"_ _14\"></span>ransport d\u2019\u00c9lectricit\u00e9 (R<span class=\"_ _92\"></span>TE) <span class=\"_ _2b8\"> </span><span class=\"fc4 ls0 ws0\">4.8 <span class=\"_ _9a\"> </span><span class=\"ff2f fc0 ls18\">4.8 <span class=\"_ _1a\"> </span></span>0.6 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">0.7 </span></span>CISMO <span class=\"_ _137\"> </span><span class=\"fc4 ls0\">3.7 <span class=\"_ _9a\"> </span></span><span class=\"ff2f ls18\">2.6 <span class=\"_ _1a\"> </span></span><span class=\"fc4 ls0\">0.4 <span class=\"_ _133\"> </span></span><span class=\"ff2f ls18\">0.5 </span>Other <span class=\"_ _108\"> </span><span class=\"fc4 ls0\">13.3 <span class=\"_ _51\"> </span></span><span class=\"ff2f ls49\">13.1 <span class=\"_ _56\"> </span></span><span class=\"fc4 ls0\">1.2 <span class=\"_ _9d\"> </span></span><span class=\"ff2f ls18\">2.6</span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13c ws4b3 gsb28\">V<span class=\"_ _14\"></span>aluation techniques and<span class=\"_ _92\"></span> input factors f<span class=\"_ _92\"></span>or determining f<span class=\"_ _92\"></span>air values <span class=\"_ _24a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls18 ws0 gsb29\">Lev<span class=\"_ _92\"></span>el <span class=\"_ _177\"> </span><span class=\"ff2f ls32 ws5a8\">Financial Instruments <span class=\"_ _2b9\"> </span><span class=\"ls46 ws2b\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _21a\"> </span><span class=\"ls2d ws90d\">Input factor </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb2a\">1 <span class=\"_ _1e5\"> </span><span class=\"ls21 ws22\">Energy forwards <span class=\"_ _2ba\"> </span><span class=\"ls1f ws20\">Market approach <span class=\"_ _1e8\"> </span><span class=\"ls24 ws24\">Settlement price <span class=\"_ _92\"></span>published by the  </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gsb2b\">stock exchange </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb2c\">1 <span class=\"_ _1e5\"> </span><span class=\"ls59 ws5a\">Securities, other eq<span class=\"ls36 ws35\">uity interest in </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gsb2d\">Burgenland Holding AG<span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsb2e\">Market approach <span class=\"_ _1e8\"> </span><span class=\"ls1a ws1c\">Stock exchange price </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb2f\">2 <span class=\"_ _1e5\"> </span><span class=\"ls32 ws2e\">Securities and other loans under  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gsb30\">closed items on the bal<span class=\"_ _92\"></span>ance sheet,  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gsb31\">long-term loans, li<span class=\"ls1d ws1e\">abilities to banks, </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsb32\">bonds and other financial liabilities </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1cf ws95b gsb33\">Net present value </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsb34\">approach </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws853 gsb35\">Payments associated with the financial </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsb36\">instruments, yield curve, credit risk of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gsb37\">the contracting parties <span class=\"_ _92\"></span>(credit default </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsb38\">swaps or credit spread curves) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb39\">2 <span class=\"_ _1e5\"> </span><span class=\"ls62 ws64\">Interests in unconsolidated subsidiaries, </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gsb3a\">other equity interest in En<span class=\"_ _92\"></span>ergie AG </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsb3b\">Ober\u00f6sterreich and RTE </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsb3c\">Market approach <span class=\"_ _1e8\"> </span><span class=\"ls2a ws28\">Trading multiple, transac<span class=\"_ _92\"></span>tion price </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb3d\">2 <span class=\"_ _1e5\"> </span><span class=\"ls32 ws2f\">Non-listed energy forwards <span class=\"_ _154\"> </span><span class=\"ls1cf ws95b\">Net present value </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsb3e\">approach </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gsb3f\">Forward price curve de<span class=\"_ _92\"></span>rived from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gsb40\">stock exchange, yi<span class=\"_ _92\"></span>eld curve, credit risk </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gsb41\">of the contracting parti<span class=\"_ _92\"></span>es </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb42\">2 <span class=\"_ _1e5\"> </span><span class=\"ls1c ws31d\">Other assets and liabilities measured at </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gsb43\">fair value in the finance a<span class=\"_ _92\"></span>rea </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1cf ws95b gsb44\">Net present value </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsb45\">approach </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gsb46\">Cash flows already fixed or<span class=\"_ _92\"></span> determined </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gsb47\">via forward rates, y<span class=\"_ _92\"></span>ield <span class=\"ls5d ws5e\">curve, credit risk </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gsb48\">of the contracting parti<span class=\"_ _92\"></span>es </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb49\">3 <span class=\"_ _1e5\"> </span><span class=\"ls46 ws45\">Return obligation (ob<span class=\"ls34 ws32\">ligation to transfer </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsb4a\">back the 50 % interest acquire<span class=\"_ _92\"></span>d in </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsb4b\">Donaukraftwerk Jochenstein AG) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1cf ws95b gsb4c\">Net present value </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsb4d\">approach </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsb4e\">Price forecasts for electricity,  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls148 wsb19 gsb4f\">weighted ave<span class=\"_ _43\"></span>rage cost of cap<span class=\"_ _43\"></span>ital  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws144 gsb50\">after taxes </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb51\">3 <span class=\"_ _1e5\"> </span><span class=\"ls1c ws1d\">Securities (shares of Wiener B\u00f6rse AG)<span class=\"_ _92\"></span> <span class=\"_ _1e9\"> </span><span class=\"ls1cf ws95b\">Net present value </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsb52\">approach </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws33 gsb53\">Expected distribution o<span class=\"_ _92\"></span>f profits,  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gsb54\">cost of equity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb55\">3 <span class=\"_ _1e5\"> </span><span class=\"ls60 ws61\">Other non-current receivables  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2f gsb56\">(profit participation ri<span class=\"ls27 ws27\">ght with respect to </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsb57\">material assets of TAG) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1cf ws95b gsb58\">Net present value </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsb59\">approach </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws33 gsb5a\">Expected distribution o<span class=\"_ _92\"></span>f profits,  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gsb5b\">cost of equity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls14d ws0 gsb5c\">AC <span class=\"_ _1e9\"> </span><span class=\"ls34 ws32\">Other shares of unconsolidated </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gsb5d\">subsidiaries, other equity<span class=\"_ _92\"></span> interests and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws0 gsb5e\">securities </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gsb5f\">\u2013 <span class=\"_ _79\"> </span><span class=\"ls1e ws1f\">Cost as the bes<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> estimate of fair val<span class=\"_ _92\"></span>ue </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gsb60\">\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gsb61\">Cash and cash equivalents, <span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gsb62\">trade receivables and p<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>yables,  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsb63\">current other receivables, other </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsb64\">borrowing within current credi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> lines  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsb65\">as well as current other liabilities </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gsb66\">\u2013 <span class=\"_ _79\"> </span><span class=\"ls74 ws68\">Carrying amount <span class=\"_ _92\"></span>as the best estimate of </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gsb67\">fair value </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9b ws90 gsb69\">Expected cash outflows as<span class=\"_ _92\"></span> at 31/12/2022 <span class=\"_ _277\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _a5\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls5d ws0 gsb6a\">Maturity <span class=\"_ _241\"> </span><span class=\"ff2f ls18\">2023 <span class=\"_ _7\"> </span>2024 <span class=\"_ _177\"> </span>2025\u2013<span class=\"fsa ls0\"> </span><span class=\"ls17\">2027 <span class=\"_ _17a\"> </span><span class=\"ls49 ws31a\">From 2028 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gsb6b\">Bonds <span class=\"_ _206\"> </span><span class=\"ls0\">28.4 <span class=\"_ _21\"> </span>528.5 <span class=\"_ _1c\"> </span>60.9 <span class=\"_ _7\"> </span>692.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsb6c\">Financial liabilities to banks<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gsb6d\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb6e\"> <span class=\"_ _2bb\"> </span>65.0 <span class=\"_ _11\"> </span>101.4 <span class=\"_ _11\"> </span>693.1 <span class=\"_ _8\"> </span>414.1 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsb6f\">Financial liabilit<span class=\"lscc ws25e\">ies to others <span class=\"_ _2b8\"> </span><span class=\"ls0 ws0\">6.4 <span class=\"_ _11\"> </span>152.9 <span class=\"_ _26\"> </span>1.7 <span class=\"_ _23\"> </span>22.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsb70\">Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gsb71\">closed items on the bal<span class=\"_ _92\"></span>ance sheet<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gsb72\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb73\"> <span class=\"_ _1a1\"> </span>21.1 <span class=\"_ _1c\"> </span>15.8 <span class=\"_ _11\"> </span>439.1 <span class=\"_ _fd\"> </span>27.3 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsb74\">Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _112\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _26\"> </span>7.3 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsb75\">Cash outflows on <span class=\"ls5d\">financial liabilities <span class=\"_ _4e\"> </span><span class=\"ls18 ws0\">120.9 <span class=\"_ _5\"> </span>805.<span class=\"_ _92\"></span>9 <span class=\"_ _22d\"> </span>1,194.8 <span class=\"_ _1e5\"> </span>1,156.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws5a7 gsb76\">T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _137\"> </span><span class=\"ls0 ws0\">412.7 <span class=\"_ _1c5\"> </span>0.7 <span class=\"_ _26\"> </span>1.7 <span class=\"_ _4b\"> </span>0.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsb77\">Other <span class=\"_ _26a\"> </span><span class=\"ls0\">467.7 <span class=\"_ _11\"> </span>165.6 <span class=\"_ _1c\"> </span>15.5 <span class=\"_ _8\"> </span>140.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls9c ws61 gsb78\">Cash outflows on trade payables and other pay<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>bles <span class=\"_ _3\"> </span><span class=\"ls18 ws0\">880.4 <span class=\"_ _5\"> </span>166.3<span class=\"_ _92\"></span> <span class=\"_ _1b3\"> </span>17.2 <span class=\"_ _11\"> </span>140.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsb79\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gsb7a\">3</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb7b\"> <span class=\"_ _12b\"> </span>1,071.5 <span class=\"_ _11\"> </span>201.8 <span class=\"_ _1c\"> </span>90.1 <span class=\"_ _4b\"> </span>0.0 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsb7c\">Cash outflows from liabilitie<span class=\"ls36 ws68\">s from deriv<span class=\"_ _92\"></span>ative financial </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws0 gsb7d\">instruments </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gsb7e\">1,071.5 <span class=\"_ _15e\"> </span>201.8 <span class=\"_ _1b3\"> </span>90.1 <span class=\"_ _2c\"> </span>0.0<span class=\"_ _92\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsb7f\">Cash outflows on liabilities <span class=\"ls62 ws90e\">in accordance with IFRS 7 <span class=\"_ _fd\"> </span><span class=\"ls18 ws0\">2,072.8 <span class=\"_ _1e2\"> </span>1,173.9 <span class=\"_ _1e2\"> </span>1,302.1 <span class=\"_ _1e5\"> </span>1,297.1 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsb80\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls40 wsb05 gsb81\"> excl. money mark<span class=\"_ _92\"></span>et transactions of \u20ac1,430.0m // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsb82\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls143 ws537 gsb83\"> Cash outflows<span class=\"_ _43\"></span> under cl<span class=\"_ _43\"></span>osed items on th<span class=\"_ _43\"></span>e balance sheet<span class=\"_ _43\"></span> have to be<span class=\"_ _43\"></span> seen alongside<span class=\"_ _43\"></span> the corr<span class=\"_ _43\"></span>esponding cash <span class=\"_ _43\"></span>inflows fr<span class=\"_ _43\"></span>om </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls24e wsb77 gsb84\">associated investme<span class=\"_ _92\"></span>nts.<span class=\"_ _43\"></span> // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsb85\">3</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls52 ws54 gsb86\"> relates to <span class=\"_ _43\"></span>cash outfl<span class=\"_ _43\"></span>ows from cont<span class=\"_ _43\"></span>racts pres<span class=\"_ _43\"></span>ented in <span class=\"_ _43\"></span>the balance<span class=\"_ _43\"></span> sheet under<span class=\"_ _43\"></span> liabilities<span class=\"_ _43\"></span> from der<span class=\"_ _43\"></span>ivative fina<span class=\"_ _43\"></span>ncial instr<span class=\"_ _43\"></span>uments<span class=\"ls0 ws0\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9b ws90 gsb87\">Expected cash outflows as<span class=\"_ _92\"></span> at 31/12/2021 <span class=\"_ _277\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _a5\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws0 gsb88\">Maturity <span class=\"_ _298\"> </span><span class=\"ls18\">2022 <span class=\"_ _7\"> </span>2023 <span class=\"_ _177\"> </span>2024\u2013<span class=\"fsa ls0\"> </span><span class=\"ls17\">2026 <span class=\"_ _278\"> </span><span class=\"ls49 ws31a\">From 2027 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gsb89\">Bonds <span class=\"_ _206\"> </span><span class=\"ls0\">12.0 <span class=\"_ _1c\"> </span>12.0 <span class=\"_ _21\"> </span>521.0 <span class=\"_ _7\"> </span>567.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsb8a\">Financial liabilities to banks<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gsb8b\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb8c\"> <span class=\"_ _2bb\"> </span>29.4 <span class=\"_ _1c\"> </span>29.2 <span class=\"_ _1c\"> </span>68.7 <span class=\"_ _8\"> </span>182.7 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsb8d\">Financial liabilit<span class=\"lscc ws25e\">ies to others <span class=\"_ _2b8\"> </span><span class=\"ls0 ws0\">1.3 <span class=\"_ _26\"> </span>1.3 <span class=\"_ _11\"> </span>148.3 <span class=\"_ _4b\"> </span>0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsb8e\">Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gsb8f\">closed items on the bal<span class=\"_ _92\"></span>ance sheet<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gsb90\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb91\"> <span class=\"_ _1a1\"> </span>20.8 <span class=\"_ _1c\"> </span>19.9 <span class=\"_ _11\"> </span>395.3 <span class=\"_ _fd\"> </span>58.9 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsb92\">Cash outflows on <span class=\"ls5d\">financial liabilities <span class=\"_ _a2\"> </span><span class=\"ls49 ws0\">63.5 <span class=\"_ _1b3\"> </span><span class=\"ls18\">62.5 <span class=\"_ _1e2\"> </span><span class=\"ls31\">1,133.3 <span class=\"_ _1f\"> </span></span>809.1 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws5a7 gsb93\">T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _137\"> </span><span class=\"ls0 ws0\">293.6 <span class=\"_ _1c5\"> </span>0.3 <span class=\"_ _26\"> </span>1.4 <span class=\"_ _4b\"> </span>0.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsb94\">Other <span class=\"_ _26a\"> </span><span class=\"ls0\">331.2 <span class=\"_ _1c\"> </span>80.0 <span class=\"_ _1c\"> </span>11.6 <span class=\"_ _7\"> </span>156.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls9c ws61 gsb95\">Cash outflows on trade payables and other pay<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>bles <span class=\"_ _3\"> </span><span class=\"ls18 ws0\">624.8 <span class=\"_ _b8\"> </span>80.3 <span class=\"_ _1b3\"> </span><span class=\"ls49\">13.0 <span class=\"_ _11\"> </span></span>156.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsb96\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gsb97\">3</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb98\"> <span class=\"_ _17d\"> </span>780.3 <span class=\"_ _11\"> </span>301.5 <span class=\"_ _1c\"> </span>80.1 <span class=\"_ _4b\"> </span>0.0 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsb99\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gsb9a\">4</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb9b\"> <span class=\"_ _96\"> </span>3.1 <span class=\"_ _26\"> </span>1.7 <span class=\"_ _26\"> </span>1.5 <span class=\"_ _4b\"> </span>0.0 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsb9c\">Cash outflows from liabilities fr<span class=\"_ _92\"></span>om <span class=\"_ _43\"></span>derivative  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsb9d\">financial instruments <span class=\"_ _71\"> </span><span class=\"ls49 ws0\">78<span class=\"_ _43\"></span>3.4 <span class=\"_ _5\"> </span><span class=\"ls31\">303.2 <span class=\"_ _1b3\"> </span><span class=\"ls18\">81.6 <span class=\"_ _2c\"> </span>0.0 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsb9e\">Cash outflows on liabilities <span class=\"ls62 ws90e\">in accordance with IFRS 7 <span class=\"_ _fd\"> </span><span class=\"ls18 ws0\">1,471.7 <span class=\"_ _5\"> </span>446.0 <span class=\"_ _17c\"> </span>1,227.9 <span class=\"_ _11\"> </span>965.5 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsb9f\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls40 wsb05 gsba0\"> excl. money mark<span class=\"_ _92\"></span>et transactions of \u20ac1,050.0m // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsba1\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls143 ws537 gsba2\"> Cash outflows<span class=\"_ _43\"></span> under cl<span class=\"_ _43\"></span>osed items on th<span class=\"_ _43\"></span>e balance sheet<span class=\"_ _43\"></span> have to be<span class=\"_ _43\"></span> seen alongside<span class=\"_ _43\"></span> the corr<span class=\"_ _43\"></span>esponding cash <span class=\"_ _43\"></span>inflows fr<span class=\"_ _43\"></span>om </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls24e wsb77 gsba3\">associated investme<span class=\"_ _92\"></span>nts.<span class=\"_ _43\"></span> // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsba4\">3</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls52 ws54 gsba5\"> relates to <span class=\"_ _43\"></span>cash outfl<span class=\"_ _43\"></span>ows from cont<span class=\"_ _43\"></span>racts pres<span class=\"_ _43\"></span>ented in <span class=\"_ _43\"></span>the balance<span class=\"_ _43\"></span> sheet under<span class=\"_ _43\"></span> receivab<span class=\"_ _43\"></span>les or liabi<span class=\"_ _43\"></span>lities from<span class=\"_ _43\"></span> derivativ<span class=\"_ _43\"></span>e financ<span class=\"ls12f wsb78\">ial<span class=\"_ _43\"></span> instrum<span class=\"_ _43\"></span>ents // <span class=\"_ _43\"></span> </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsba6\">4</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1cc ws9ee gsba7\"> Cash outflows <span class=\"_ _43\"></span>from interes<span class=\"_ _43\"></span>t rate swaps are ac<span class=\"_ _43\"></span>counted for as<span class=\"_ _43\"></span> net cash fl<span class=\"_ _43\"></span>ows of both l<span class=\"_ _43\"></span>egs.<span class=\"_ _333\"> </span> </div>Net results b<span class=\"_ _92\"></span>y measurement catego<span class=\"_ _92\"></span>ries Results in accordance with IFRS <span class=\"_ _87\"></span>7 comprise mainly impairment losses and reversals of impairment losses<span class=\"_ _92\"></span>, foreign exchange g<span class=\"_ _92\"></span>ains and losses and realised g<span class=\"_ _92\"></span>ains or losses on disposal.  Net results by measurement categories  <span class=\"_ _dd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Financial assets and liabilities measured <span class=\"_ _92\"></span>at<span class=\"ls59 ws5a\"> fair value through profit or loss <span class=\"_ _ba\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>41.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">101.1 </span></span></span>Financial assets and liabilities measured <span class=\"_ _92\"></span>at<span class=\"ls1a ws1c\"> fair value through profit or loss \u2013  </span>designated <span class=\"_ _28f\"> </span><span class=\"fc4 ls0\">20.6 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls49\">2<span class=\"_ _43\"></span>3.0 </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _78\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>21.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.8 </span></span></span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _1db\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.3 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">15.3 </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _11a\"> </span><span class=\"fc4 ls0 ws0\">23.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">4.3 </span></span>T<span class=\"_ _14\"></span>otal interest expenses from financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l <span class=\"ls62 ws64\">liabilities measured at amortised cost <span class=\"_ _16c\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>62.1 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">86.9 </span></span></span></span>T<span class=\"_ _14\"></span>otal interest income from financial <span class=\"ls1e ws1f\">asse<span class=\"_ _92\"></span>ts measured at amortised cost <span class=\"_ _2bc\"> </span><span class=\"fc4 ls0 ws0\">40.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">42.4 </span></span></span>Components<span class=\"_ _92\"></span> of the net result<span class=\"_ _92\"></span>s <span class=\"_ _2bd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Measurement category <span class=\"_ _23\"> </span><span class=\"ls5a ws0\">Notes </span>Financial assets and liabilities measured at fair value through  profit or loss The results arose fro<span class=\"_ _92\"></span>m the measurement of derivative financial instruments in <span class=\"_ _92\"></span>the energy area (wholesale and trading) in th<span class=\"ls32 ws2e\">e operating result <span class=\"_ _92\"></span>(electricity revenue),  </span>as well as from the measur<span class=\"_ _92\"></span>ement of (other) derivative and non-d<span class=\"_ _92\"></span>erivative financial instruments in the finance area <span class=\"ls27 ws27\">in the other <span class=\"_ _92\"></span>financial result. </span>Financial assets and liabilities measured at fair value through  profit or loss \u2013 designated The results arose from the measurement<span class=\"ls34 ws32\"> of financial l<span class=\"_ _92\"></span>iabilities to banks  </span>(closed items on the bal<span class=\"_ _92\"></span>ance sheet). These results have to<span class=\"_ _92\"></span> be seen alongside an equal amount of opposing results from <span class=\"ls2a ws28\">financial assets and liabilities that are </span>measured at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue through profit or <span class=\"ls2d ws33\">loss and net results from financ<span class=\"_ _92\"></span>ial assets </span>and liabilities that are measured at cost. Financial assets and liabilities measured at amortised cost<span class=\"_ _92\"></span> The net results rel<span class=\"_ _92\"></span>ate primarily to fina<span class=\"ls2a ws28\">ncial instruments in connection with <span class=\"_ _92\"></span> </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet in the other financial result as <span class=\"_ _92\"></span>well as to valuation allowances on tra<span class=\"_ _92\"></span>de receivables in the operating resul<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span>T<span class=\"_ _14\"></span>otal inter<span class=\"_ _92\"></span>est expenses were r<span class=\"_ _92\"></span>ecognised under inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st expenses; total inter<span class=\"_ _92\"></span>est income was recognised in part in interest income and in<span class=\"lsb4 ws2b6\"> part under other financial result. </span>5.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Accounting treatment of <span class=\"ls124 ws2ca\">hedging relationships</span></span><span class=\"lsef ws877\"><span class=\"ls124 ws2ca\"> </span></span>VERBUND applies speci<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l accountin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> policies fo<span class=\"_ _92\"></span>r hedging relatio<span class=\"_ _92\"></span>nships in the energy are<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span> as well as in<span class=\"_ _92\"></span> the finance area. 5.2.1 Hedging transactions in the energy area VERBUND emplo<span class=\"_ _92\"></span>ys electricity for<span class=\"_ _43\"></span>ward con<span class=\"_ _92\"></span>tracts and electricity futur<span class=\"_ _92\"></span>es contracts as well as <span class=\"_ _92\"></span>options as derivatives within th<span class=\"ls63 ws42e\">e meaning of IFRS <span class=\"_ _14\"></span>9 as part of cash fl<span class=\"ls82 ws801\">ow hedges in the energy ar<span class=\"_ _92\"></span>ea. Since the 2020 </span></span>financial year<span class=\"_ _80\"></span>, options have been used as part <span class=\"_ _92\"></span>of a collar strategy in which a certain<span class=\"_ _92\"></span> price band is to be hedged for futur<span class=\"_ _92\"></span>e electricity purchases<span class=\"_ _92\"></span>. The goal of<span class=\"lsa2 ws10c\"> hedging rel<span class=\"_ _92\"></span>ationships is to reduce the cash fl<span class=\"_ _92\"></span>ow </span>volatility r<span class=\"_ _92\"></span>esulting from<span class=\"_ _92\"></span> market price fluctuation<span class=\"_ _92\"></span>s by hedging the prices for the fo<span class=\"_ _0\"></span>llowing tran<span class=\"_ _92\"></span>sactions<span class=\"_ _43\"></span>: (1)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"ws366\">sale of own gener<span class=\"_ _92\"></span>ation and marketin<span class=\"_ _92\"></span>g of electricity from r<span class=\"_ _92\"></span>enewable energy plan<span class=\"_ _92\"></span>ts not owned by </span>VERBUND; (2)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for electricity deliveries to customers; and </span>(3)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for gas deliveries to customer<span class=\"_ _92\"></span>s. </span>The timing and amo<span class=\"_ _92\"></span>unt of the hedging of futur<span class=\"_ _92\"></span>e electricity deliveries depends in each c<span class=\"_ _92\"></span>ase on the curren<span class=\"_ _92\"></span>t price trend. As a gener<span class=\"_ _92\"></span>al rule, the hed<span class=\"_ _92\"></span>ges are enter<span class=\"_ _92\"></span>ed into successively. A <span class=\"_ _92\"></span>portion of the entir<span class=\"_ _92\"></span>e volume anticipa<span class=\"_ _92\"></span>ted is hedged correspondin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> to the risk man<span class=\"_ _92\"></span>agement stra<span class=\"_ _92\"></span>tegy. As a rule, once th<span class=\"_ _92\"></span>e relevan<span class=\"_ _92\"></span>t contractual terms of the <span class=\"_ _92\"></span>electricity futures<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> forwards and option<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> enter<span class=\"_ _92\"></span>ed into coincide with those of the underl<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span>ing trans<span class=\"_ _92\"></span>actions, a qualitative meas<span class=\"_ _92\"></span>urement of effectivenes<span class=\"_ _92\"></span>s is carried out. As a general rule<span class=\"_ _92\"></span>, it can be assumed that <span class=\"_ _92\"></span>the changes in the value o<span class=\"_ _92\"></span>f the hedging instruments en<span class=\"_ _92\"></span>tirely offset the changes in<span class=\"_ _92\"></span> the future cash flo<span class=\"_ _92\"></span>ws.  The exception<span class=\"_ _92\"></span> to this rule is hedges of electrici<span class=\"_ _92\"></span><span class=\"ls33 ws349\">ty deliveries on a mark<span class=\"_ _92\"></span>et differing from the place of<span class=\"_ _92\"></span> </span>delivery. Such hedges ha<span class=\"_ _92\"></span>ve been used since 1 <span class=\"_ _87\"></span>Oc<span class=\"ls7d wsad1\">tober 2018 as a consequence of the restriction on </span>unlimited tradin<span class=\"_ _92\"></span>g on the German-Austrian electricity <span class=\"ls74 ws7a5\">m<span class=\"_ _92\"></span>arket. Due t<span class=\"_ _92\"></span>o the higher liquidity, the m<span class=\"_ _92\"></span>ajority </span>of Aus<span class=\"_ _92\"></span>trian electricity deliveries are hedged with Germ<span class=\"_ _92\"></span>an futures mark<span class=\"_ _92\"></span>et products<span class=\"_ _92\"></span>. The Austrian price is made up of the German<span class=\"_ _92\"></span> pr<span class=\"_ _43\"></span>ice plus a German/Austrian<span class=\"_ _92\"></span> spread. German forward pr<span class=\"_ _92\"></span>oducts are therefo<span class=\"_ _92\"></span>re used to hedge A<span class=\"_ _92\"></span>ustrian electrici<span class=\"ls81 ws4f2\">ty deliveries, <span class=\"_ _92\"></span>whereby the co<span class=\"_ _92\"></span>nditions between the hedging ins<span class=\"_ _92\"></span>truments </span>and the planned cash fl<span class=\"_ _92\"></span>ows essentially ma<span class=\"_ _92\"></span>tch also in these cases<span class=\"_ _92\"></span>.  Insignifican<span class=\"_ _92\"></span>t ineffective portions of the hed<span class=\"_ _92\"></span>ges can result fr<span class=\"_ _92\"></span>om the German/Austrian<span class=\"_ _92\"></span> location spr<span class=\"_ _92\"></span>ead, from ch<span class=\"_ _92\"></span>anges in the counterparty\u2019<span class=\"_ _14\"></span>s or VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s credit risk or a r<span class=\"_ _92\"></span>educed volume of the expected electricity delivery.  Accounting tr<span class=\"_ _92\"></span>eatment of hedging<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>transactions i<span class=\"_ _92\"></span>n the energy area In the case of <span class=\"_ _92\"></span>derivative financial instrumen<span class=\"_ _92\"></span>ts that are desig<span class=\"_ _92\"></span>nated as cash flow hedges in<span class=\"_ _92\"></span> accordance with IFRS <span class=\"_ _14\"></span>9, the portion of<span class=\"_ _92\"></span> the unrealised gains or<span class=\"_ _92\"></span> losses that is determin<span class=\"_ _92\"></span>ed to be an effective hedge is recognised in o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her compr<span class=\"_ _92\"></span>ehensive income. In<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>contras<span class=\"_ _92\"></span>t, ineffective portions of the hedge ar<span class=\"_ _92\"></span>e recognised in profit o<span class=\"_ _92\"></span>r loss. When using op<span class=\"_ _92\"></span>tions, only the in<span class=\"_ _92\"></span>trinsi<span class=\"ls108 ws329\">c value of the op<span class=\"_ _92\"></span>tions will <span class=\"lsa3 ws152\">be designat<span class=\"_ _92\"></span>ed within the<span class=\"_ _43\"></span> </span></span>framewor<span class=\"_ _92\"></span>k of the hedging rela<span class=\"_ _92\"></span>tionship and the change in fair value wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be recognised separ<span class=\"_ _92\"></span>ately as costs of hedging in othe<span class=\"ls99 ws369\">r compre<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ensive income.<span class=\"_ _333\"> </span></span>Unr<span class=\"_ _92\"></span>ealised gains or losses ar<span class=\"_ _92\"></span>e only reclas<span class=\"_ _92\"></span>sified <span class=\"_ _43\"></span>(\u201c<span class=\"ls7c ws361\">r<span class=\"_ _92\"></span>ec<span class=\"_ _43\"></span>ycled\u201d) to t<span class=\"_ _92\"></span>he income statemen<span class=\"_ _92\"></span>t when the hedged </span>item affects profit or loss<span class=\"_ _92\"></span>.  Electricity, gas and CO<span class=\"_ _333\"> </span>2 derivatives<span class=\"_ _92\"></span> not designated as hed<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>ing instruments <span class=\"_ _92\"></span>are allocated to<span class=\"_ _92\"></span> the wholesale portf<span class=\"_ _92\"></span>olio<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> F<span class=\"_ _92\"></span>air value changes<span class=\"_ _92\"></span> in (freestanding) el<span class=\"_ _92\"></span>ectricity and gas deriva<span class=\"_ _92\"></span>tives in the wholesale portfolio tha<span class=\"_ _92\"></span>t were not designa<span class=\"_ _92\"></span>ted as hedging instruments ar<span class=\"_ _92\"></span>e recognised in profit or<span class=\"_ _92\"></span> loss net of previously r<span class=\"_ _92\"></span>ealised futures and follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing the netting of <span class=\"_ _92\"></span>positive and negative fair values<span class=\"_ _92\"></span>. 5.2.2 Hedging trans<span class=\"_ _92\"></span>actions<span class=\"ls250 wsa81\"> in the finance area </span>Apart fr<span class=\"_ _92\"></span>om derivative transac<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ions in connection with closed items on<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he balance sheet, futur<span class=\"_ _92\"></span>e payments un<span class=\"_ _92\"></span>der financial liabilities bearing in<span class=\"_ _92\"></span>terest at a varia<span class=\"_ _92\"></span>ble rate are hedged b<span class=\"_ _92\"></span>y means of inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> s<span class=\"_ _80\"></span>w<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>p<span class=\"_ _87\"></span>s<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> o<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>d<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span>u<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> c<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> f<span class=\"_ _80\"></span>l<span class=\"_ _80\"></span>o<span class=\"_ _87\"></span>w<span class=\"_ _80\"></span> r<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span> w<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> m<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _87\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _87\"></span>.<span class=\"_ _80\"></span> <span class=\"_ _80\"></span> The hedging instr<span class=\"_ _43\"></span>uments\u2019 contract terms are almost <span class=\"ls76 ws1f6\">identical to those o<span class=\"_ _92\"></span>f th<span class=\"ls6f ws74\">e hedged items (critic<span class=\"_ _92\"></span>al </span></span>terms matc<span class=\"_ _92\"></span>h). The qualitative basis of <span class=\"_ _92\"></span>this economic relatio<span class=\"_ _92\"></span>nship is regularly r<span class=\"_ _92\"></span>eviewed by VERBUND<span class=\"_ _92\"></span>. <span class=\"_ _80\"></span> As a general rul<span class=\"_ _92\"></span>e, it can be assum<span class=\"_ _92\"></span>ed that the changes in <span class=\"_ _92\"></span>the value of the he<span class=\"_ _92\"></span>dging instruments entir<span class=\"_ _92\"></span>ely offset the chang<span class=\"_ _92\"></span>es in the future cash flo<span class=\"_ _92\"></span>ws. The entir<span class=\"_ _92\"></span>e risk of an increase in the m<span class=\"_ _92\"></span>arket inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st ra<span class=\"_ _92\"></span>te with respect to v<span class=\"_ _92\"></span>ariable-interest-be<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ring financial liabilities is n<span class=\"_ _92\"></span>ot always hedged, i.e<span class=\"_ _92\"></span>. the hedge ratio doe<span class=\"_ _0\"></span>s not always amount to 100 <span class=\"_ _87\"></span>%. In<span class=\"_ _0\"></span>effe<span class=\"ls0 ws11c\">ctive portions of the hedges can only r<span class=\"_ _92\"></span>esult from changes in the </span>counterparty\u2019<span class=\"_ _14\"></span>s or VERBUND\u2019<span class=\"_ _14\"></span>s cr<span class=\"_ _92\"></span>edit <span class=\"_ _43\"></span>risk. Pa<span class=\"_ _92\"></span>yments are m<span class=\"_ _92\"></span>ade on interest r<span class=\"_ _92\"></span>ate swaps every six months<span class=\"_ _92\"></span>. The underlying variabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> market in<span class=\"_ _92\"></span>terest rate is the six-month EURIBOR. The future interest payments hedged by the interest rate swaps occur in the following 13 years (2023 to 2035) and will be <span class=\"ls7d ws21e\">recognised in profit <span class=\"ls0\">or loss accor<span class=\"_ _92\"></span>dingly. </span></span>Accounting t<span class=\"_ _92\"></span>reatment of he<span class=\"_ _92\"></span>dging transactions i<span class=\"_ _92\"></span>n the finance ar<span class=\"_ _92\"></span>ea  Some of the inter<span class=\"_ _92\"></span>est rate s<span class=\"_ _92\"></span>waps are designa<span class=\"_ _92\"></span>ted as cash flow hedges in acco<span class=\"_ _92\"></span>rdance with IFRS <span class=\"_ _80\"></span>9. Those inter<span class=\"_ _92\"></span>est rate swaps tha<span class=\"_ _92\"></span>t hedge intra-Gr<span class=\"_ _92\"></span>oup financing at the subsidiary level are <span class=\"_ _92\"></span>accounted for as derivatives meas<span class=\"_ _92\"></span>ured at fair value thro<span class=\"_ _92\"></span>ugh prof<span class=\"ls80 ws54e\">it or loss in VERBUND\u2019<span class=\"_ _14\"></span>s consolidated financial </span>statemen<span class=\"_ _92\"></span>ts. With r<span class=\"_ _92\"></span>espect to individual closed items o<span class=\"_ _92\"></span>n the balance sheet (see sectio<span class=\"_ _92\"></span>n <span class=\"_ _87\"></span>8.1 F<span class=\"_ _92\"></span>inancial liabilities and section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>11 Risk management), <span class=\"_ _92\"></span>the investme<span class=\"ls97 ws9af\">nts result in variable income that is offset by </span>fixed expenses<span class=\"_ _92\"></span>. In order to<span class=\"_ _92\"></span> avoid risk, inter<span class=\"_ _92\"></span>est rate swaps h<span class=\"_ _92\"></span>ave been ent<span class=\"_ _92\"></span>ered into for the corr<span class=\"_ _92\"></span>esponding financial li<span class=\"_ _92\"></span>abilities. These<span class=\"_ _92\"></span> interest ra<span class=\"_ _92\"></span>te swaps exhibit a risk pr<span class=\"_ _92\"></span>ofile that <span class=\"_ _92\"></span>perfectly opposes the corres<span class=\"_ _92\"></span>ponding profile of the as<span class=\"_ _92\"></span>sociated balance sheet items<span class=\"_ _92\"></span>. Therefor<span class=\"_ _92\"></span>e, the carrying amoun<span class=\"_ _92\"></span>t of the associated financial liabilities is adjusted accordin<span class=\"_ _92\"></span><span class=\"ls74 ws347\">g to the hedged risk to balance o<span class=\"_ _92\"></span>ut the fair value </span>measur<span class=\"_ _92\"></span>ement of the inter<span class=\"_ _92\"></span>est rate swa<span class=\"_ _92\"></span>ps. The fair value of in<span class=\"_ _92\"></span>terest rate s<span class=\"_ _92\"></span>waps corresponds to<span class=\"_ _92\"></span> the amount that VERBUN<span class=\"_ _92\"></span>D would receive or ha<span class=\"_ _92\"></span>ve to pay if the <span class=\"_ _92\"></span>transaction wer<span class=\"_ _92\"></span>e terminated on the r<span class=\"_ _92\"></span>eporting date<span class=\"_ _92\"></span>. When calculatin<span class=\"_ _92\"></span>g that amoun<span class=\"_ _92\"></span>t, current inter<span class=\"_ _92\"></span>est rates, yield curves and coun<span class=\"_ _92\"></span>terparty<span class=\"_ _43\"></span> credit risk in particular ar<span class=\"_ _92\"></span>e taken into account (see<span class=\"_ _92\"></span> section 5 Financia<span class=\"ls38 ws1a0\">l instrument<span class=\"_ _43\"></span>s).</span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls252 ws963 gsc1a\">5.2.3 Infor<span class=\"_ _92\"></span>mation regarding hedging <span class=\"ls1d3 ws9f5\">relationships in the energy and </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1ba wsb23 gsc1b\">finance areas </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws7e4 gsc1c\">Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>g<span class=\"ls129 wsa3c\">ing instruments 31/12/2022 <span class=\"_ _1a9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _45\"> </span><span class=\"ls31\">\u20acm </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gsc1d\">Carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gsc1e\">amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gsc1f\">Balance sheet item </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gsc20\">Notional </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gsc21\">amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gsc22\">Change in  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsc23\">the fair value </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls14e wsb7d gsc24\">for<span class=\"_ _43\"></span> th<span class=\"_ _43\"></span>e </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws0 gsc25\">measure- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gsc26\">ment of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws0 gsc27\">ineffectiv<span class=\"_ _92\"></span>eness </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5b ws0 gsc28\">Hedging </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls106 ws0 gsc29\">costs </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsc2a\">Electricity futures, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gsc2b\">forwards and op<span class=\"_ _92\"></span>tions \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsc2c\">sales <span class=\"_ _2ba\"> </span><span class=\"ls0\">583.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2f gsc2d\">Receivables from derivative  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsc2e\">financial instruments <span class=\"_ _217\"> </span><span class=\"ls1a ws1c\">5,828 GWh <span class=\"_ _117\"> </span><span class=\"ls0 ws0\">583.2 <span class=\"_ _5b\"> </span>6.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsc2f\">Electricity futures, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gsc30\">forwards and op<span class=\"_ _92\"></span>tions \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsc31\">sales <span class=\"_ _2be\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>2,057.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsc32\">Liabilities from derivative  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsc33\">financial instruments <span class=\"_ _177\"> </span><span class=\"ls1a ws1c\">19,896 GWh <span class=\"_ _1f\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,627.7 <span class=\"_ _119\"> </span>\u2013<span class=\"fsa\"> </span>9.8 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gsc34\">Electricity futures and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsc35\">forwards \u2013 purchasing <span class=\"_ _1c\"> </span><span class=\"ls0 ws0\">420.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gsc36\">Receivables from derivative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsc37\">financial instruments <span class=\"_ _2bf\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">4,072 GWh <span class=\"_ _117\"> </span></span>316.4 <span class=\"_ _69\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gsc38\">Electricity futures and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsc39\">forwards \u2013 purchasing <span class=\"_ _15e\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>412.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsc3a\">Liabilities from derivative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsc3b\">financial instruments <span class=\"_ _2bf\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">2,838 GWh <span class=\"_ _2b\"> </span></span>\u2013<span class=\"fsa\"> </span>412.8 <span class=\"_ _69\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gsc3c\">Gas forwards \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gsc3d\">purchasing <span class=\"_ _2c0\"> </span><span class=\"ls0\">8.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gsc3e\">Receivables from derivative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsc3f\">financial instruments <span class=\"_ _219\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">290 GWh <span class=\"_ _1a\"> </span></span>3.0 <span class=\"_ _5b\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gsc40\">Gas forwards \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gsc41\">purchasing <span class=\"_ _214\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>22.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsc42\">Liabilities from derivative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsc43\">financial instruments <span class=\"_ _219\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">396 GWh <span class=\"_ _132\"> </span></span>\u2013<span class=\"fsa\"> </span>22.1 <span class=\"_ _69\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2e ws2b gsc44\">Interest rate sw<span class=\"_ _92\"></span>aps <span class=\"_ _56\"> </span><span class=\"ls0 ws0\">43.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gsc45\">Receivables from derivative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsc46\">financial instruments <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">300.4 <span class=\"_ _51\"> </span>24.6 <span class=\"_ _69\"> </span>0.0 </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls7f ws23e gsc47\">Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>ged items 31/12/2022 <span class=\"_ _74\"> </span><span class=\"ff2a fs7 ls0 ws0\"> <span class=\"_ _93\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsc48\">  <span class=\"_ _25b\"> </span><span class=\"ff2f ls2b ws1f\">Change in the fair </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsc49\">value for the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsc4a\">measurement of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws0 gsc4b\">ineffectiv<span class=\"_ _92\"></span>eness </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsc4c\">Carrying amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gsc4d\">of the reserve f<span class=\"_ _92\"></span>or<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gsc4e\">measurements of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls48 ws1e gsc4f\">cash flow hedges </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gsc50\">Hedging costs </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsc51\">Future electricity sales v<span class=\"_ _92\"></span>olume <span class=\"_ _280\"> </span><span class=\"ls0 ws0\">1,044.1 <span class=\"_ _15f\"> </span>\u2013<span class=\"fsa\"> </span>1,471.0 <span class=\"_ _14b\"> </span>\u2013<span class=\"fsa\"> </span>3.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws31d gsc52\">Future electricity purchases <span class=\"_ _ae\"> </span><span class=\"ls0 ws0\">96.5 <span class=\"_ _18e\"> </span>7.3 <span class=\"_ _96\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws25a gsc53\">Future gas purchases <span class=\"_ _2c1\"> </span><span class=\"ls0 ws0\">19.1 <span class=\"_ _130\"> </span>\u2013<span class=\"fsa\"> </span>13.7 <span class=\"_ _96\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsc54\">V<span class=\"_ _92\"></span>ariable-rate financial liabilities <span class=\"_ _67\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>24.7 <span class=\"_ _ba\"> </span>21.1 <span class=\"_ _da\"> </span>0.0<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls116 ws5b4 gsc56\">Cash flow hedges \u2013 effects on <span class=\"_ _92\"></span>th<span class=\"_ _43\"></span>e statement of  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls5f ws60 gsc57\">comprehensiv<span class=\"_ _92\"></span>e income and balance sheet 2022 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _159\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsc58\">  <span class=\"_ _1a8\"> </span><span class=\"ff2f ls5d\">Gains/ </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c ws0 gsc59\">losses </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gsc5a\">recognised </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsc5b\">in other </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws0 gsc5c\">comprehen- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsc5d\">sive income </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5b ws0 gsc5e\">Hedging </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls106 ws0 gsc5f\">costs </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gsc60\">Ineffectiv<span class=\"_ _92\"></span>e </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gsc61\">portion of the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5a ws0 gsc62\">hedge </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gsc63\">recognised in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gsc64\">profit or loss </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsc65\">Line items of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws31c gsc66\">the statement </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsc67\">of comprehen- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsc68\">sive income in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsc69\">which the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gsc6a\">ineffectiv<span class=\"_ _92\"></span>e </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsc6b\">portion was </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gsc6c\">recognised </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls106 ws0 gsc6d\">Reclassifi- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsc6e\">cations from </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsc6f\">reserves to </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gsc70\">profit or loss </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gsc71\">Line items  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5b ws2e gsc72\">of the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsc73\">statement of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws0 gsc74\">comprehen- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsc75\">sive income in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsc76\">which the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws0 gsc77\">reclassifi- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls21 wsb53 gsc78\">cation was </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gsc79\">recognised </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsc7a\">Electricity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws0 gsc7b\">futures, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws255 gsc7c\">forwards and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5a ws850 gsc7d\">options \u2013 sales <span class=\"_ _37\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,041.2 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>3.3 <span class=\"_ _56\"> </span>0.4 <span class=\"_ _7\"> </span><span class=\"ls36\">Revenue <span class=\"_ _147\"> </span></span>\u2013<span class=\"fsa\"> </span>1,974.2 <span class=\"_ _5\"> </span><span class=\"ls36\">Revenue </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsc7e\">Electricity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gsc7f\">futures and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsc80\">forwards \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gsc81\">purchasing <span class=\"_ _5f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>96.4 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _50\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsc82\">Electricity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsc83\">purchase <span class=\"_ _26\"> </span><span class=\"ls0\">358.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsc84\">Electricity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsc85\">purchase </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gsc86\">Gas forwards \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gsc87\">purchasing <span class=\"_ _5f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>19.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _56\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws25e gsc88\">Gas  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsc89\">purchases <span class=\"_ _69\"> </span><span class=\"ls0\">13.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws25e gsc8a\">Gas  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsc8b\">purchases </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1aa ws90d gsc8c\">Interest rat<span class=\"_ _92\"></span>e </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2e ws0 gsc8d\">swaps <span class=\"_ _58\"> </span><span class=\"ls0\">23.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _56\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws25a gsc8e\">Other  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsc8f\">financial result <span class=\"_ _3\"> </span>1.6 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1aa ws0 gsc90\">Interest </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f8 ws0 gsc91\">expenses </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9b ws90 gsc93\">Notional amount and a<span class=\"_ _92\"></span>verage price an<span class=\"ls129 ws8df\">d/or interest r<span class=\"_ _92\"></span>ate as at 31/12/2022 <span class=\"_ _146\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsc94\">  <span class=\"_ _1d7\"> </span><span class=\"ff2f ls18\">2023 <span class=\"_ _1d1\"> </span>2024 <span class=\"_ _5a\"> </span>2025 <span class=\"_ _1d1\"> </span>2026 <span class=\"_ _8\"> </span><span class=\"ls28 ws2c\"> &gt;2026 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsc95\">Electricity futures, forw<span class=\"_ _92\"></span>ards and </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsc96\">options \u2013 sales <span class=\"_ _230\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _55\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsc97\">Notional amount <span class=\"_ _10c\"> </span><span class=\"ls1a ws1c\">14,862 GWh </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gsc98\">6,957 GWh, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsc99\">1,757 GWh </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsc9a\">via collar </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws0 gsc9b\">options <span class=\"_ _1e2\"> </span><span class=\"ls36 ws35\">831 GWh <span class=\"_ _1e2\"> </span>279 GWh <span class=\"_ _16\"> </span>1,038 GWh </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws63 gsc9c\">Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _18d\"> </span><span class=\"ls60 ws0\">\u20ac156.4/MWh </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gsc9d\">\u20ac125.5/MWh, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gsc9e\">collar \u20ac60\u2013</div><div class=\"t m0 hf ff2a fsa fc0 sc0 ls0 ws0 gsc9f\"> <span class=\"fs8 ls26\">140/MWh </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gsca0\">\u20ac147.5/MWh <span class=\"_ _21a\"> </span><span class=\"ls34\">\u20ac49.4/MWh <span class=\"_ _184\"> </span>\u20ac42.9/MWh </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsca1\">Electricity futures and forw<span class=\"_ _92\"></span>ards \u2013 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws0 gsca2\">purchasing <span class=\"_ _105\"> </span><span class=\"ls31\">  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _12e\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsca3\">Notional amount <span class=\"_ _214\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">4,784 GWh <span class=\"_ _183\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">1,753 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">330 GWh <span class=\"_ _21d\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">44 GWh <span class=\"_ _ac\"> </span></span><span class=\"ls31\">\u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws63 gsca4\">Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _18d\"> </span><span class=\"ls60 ws0\">\u20ac232.0/MWh <span class=\"_ _22b\"> </span>\u20ac166.5/MWh <span class=\"_ _22b\"> </span>\u20ac126.8/MWh <span class=\"_ _22b\"> </span>\u20ac133.3/MWh <span class=\"_ _ac\"> </span><span class=\"ls31\">\u2013 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsca5\">Gas forw<span class=\"_ _92\"></span>ards \u2013 purchasing <span class=\"_ _1a8\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _55\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsca6\">Notional amount <span class=\"_ _3b\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">508 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">179 GWh <span class=\"_ _9d\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws63 gsca7\">Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac92.0/MWh <span class=\"_ _22b\"> </span><span class=\"ls60\">\u20ac117.1/MWh <span class=\"_ _9d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1e wsb20 gsca8\">Interest rate swa<span class=\"_ _92\"></span>ps <span class=\"_ _a2\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws63 gsca9\">Av<span class=\"_ _92\"></span>erage notional amount <span class=\"_ _21e\"> </span><span class=\"ls0 ws0\">281.4 <span class=\"_ _68\"> </span>249.8 <span class=\"_ _68\"> </span>220.1 <span class=\"_ _68\"> </span>196.9 <span class=\"_ _10d\"> </span>149.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws321 gscaa\">Av<span class=\"_ _92\"></span>erage fixed interest rate <span class=\"_ _fe\"> </span><span class=\"ls2f ws2c\">0.6 % <span class=\"_ _fd\"> </span>0.5 % <span class=\"_ _23\"> </span>0.4 % <span class=\"_ _fd\"> </span>0.3 % <span class=\"_ _2b\"> </span>0.4 % </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws7e4 gscab\">Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>g<span class=\"ls129 wsa3c\">ing instruments 31/12/2021 <span class=\"_ _ca\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gscac\">  <span class=\"_ _18f\"> </span><span class=\"ff2f ls1a\">Carrying </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gscad\">amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws5a8 gscae\">Balance sheet  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gscaf\">item </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gscb0\">Notional </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gscb1\">amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gscb2\">Change in the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gscb3\">fair value f<span class=\"_ _92\"></span>or </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gscb4\">the measure- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gscb5\">ment of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws0 gscb6\">ineffectiv<span class=\"_ _92\"></span>eness </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5b ws0 gscb7\">Hedging </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls106 ws0 gscb8\">costs </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gscb9\">Electricity futures, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gscba\">forwards and op<span class=\"_ _92\"></span>tions \u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gscbb\">sales <span class=\"_ _18f\"> </span><span class=\"ls0\">16.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gscbc\">Receivables from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gscbd\">derivative financial </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws0 gscbe\">instruments <span class=\"_ _217\"> </span><span class=\"ls1a ws1c\">2,388 GWh <span class=\"_ _51\"> </span></span><span class=\"ls0\">52.4 <span class=\"_ _1d1\"> </span>\u2013<span class=\"fsa\"> </span>2.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gscbf\">Electricity futures, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gscc0\">forwards and op<span class=\"_ _92\"></span>tions \u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gscc1\">sales </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gscc2\">\u2013<span class=\"fsa\"> </span>2,419.8 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gscc3\">Liabilities from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gscc4\">derivative financial </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws0 gscc5\">instruments </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gscc6\">23,573 GWh <span class=\"_ _11\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>2,418.0 <span class=\"_ _5a\"> </span>\u2013<span class=\"fsa\"> </span>2.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gscc7\">Electricity futures and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gscc8\">forwards \u2013 purchasing <span class=\"_ _1c\"> </span><span class=\"ls0 ws0\">468.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gscc9\">Receivables from derivative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gscca\">financial instruments <span class=\"_ _1e3\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> <span class=\"_ _92\"></span><span class=\"fs8 ls253 ws5e\">4,756<span class=\"_ _43\"></span> GWh <span class=\"_ _aa\"> </span><span class=\"ls0 ws0\">460.2 <span class=\"_ _5b\"> </span>0.0 </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gsccb\">Electricity futures and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsccc\">forwards \u2013 purchasing <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsccd\">Liabilities from derivative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gscce\">financial instruments <span class=\"_ _219\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">302 GWh <span class=\"_ _50\"> </span></span>\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _5b\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gsccf\">Gas forwards \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gscd0\">purchasing </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gscd1\">18.9 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gscd2\">Receivables from derivative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gscd3\">financial instruments </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gscd4\">\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">343 GWh <span class=\"_ _51\"> </span></span>18.5 <span class=\"_ _5b\"> </span>0.0 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gscd5\">Gas forwards \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gscd6\">purchasing <span class=\"_ _2c0\"> </span><span class=\"ls0\">0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gscd7\">Liabilities from derivative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gscd8\">financial instruments <span class=\"_ _e\"> </span>0 GWh <span class=\"_ _56\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _5b\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2e ws2b gscd9\">Interest rate sw<span class=\"_ _92\"></span>aps <span class=\"_ _45\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gscda\">Liabilities from derivative </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gscdb\">financial instruments <span class=\"_ _1d1\"> </span><span class=\"ls0 ws0\">56.8 <span class=\"_ _56\"> </span>2.4 <span class=\"_ _5b\"> </span>0.0<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls7f ws23e gscdd\">Cash flow hedges \u2013 hed<span class=\"_ _92\"></span>ged items 31/12/2021 <span class=\"_ _f7\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _d5\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gscde\">Change in the fair </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gscdf\">value for the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsce0\">measurement of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws0 gsce1\">ineffectiv<span class=\"_ _92\"></span>eness </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsce2\">Carrying amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gsce3\">of the reserve f<span class=\"_ _92\"></span>or<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gsce4\">measurements of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls48 ws1e gsce5\">cash flow hedges </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gsce6\">Hedging costs </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsce7\">Future electricity sales v<span class=\"_ _92\"></span>olume <span class=\"_ _1af\"> </span><span class=\"ls0 ws0\">2,365.3 <span class=\"_ _a3\"> </span>\u2013<span class=\"fsa\"> </span>2,404.0 <span class=\"_ _14b\"> </span>\u2013<span class=\"fsa\"> </span>4.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws31d gsce8\">Future electricity purchases <span class=\"_ _1a4\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>454.0 <span class=\"_ _60\"> </span>462.6 <span class=\"_ _da\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws25a gsce9\">Future gas purchases <span class=\"_ _1a3\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.5 <span class=\"_ _14b\"> </span>18.9 <span class=\"_ _da\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gscea\">V<span class=\"_ _92\"></span>ariable rate financial liabilities <span class=\"_ _256\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.4 <span class=\"_ _1da\"> </span>\u2013<span class=\"fsa\"> </span>3.6 <span class=\"_ _da\"> </span>0.0 </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls116 ws5b4 gsceb\">Cash flow hedges \u2013 effects on <span class=\"_ _92\"></span>th<span class=\"_ _43\"></span>e statement of  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls5f ws60 gscec\">comprehensiv<span class=\"_ _92\"></span>e income and balance sheet 2021 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _159\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls254 ws0 gsced\">Gains/losses </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1fb wsb7e gscee\">recognised  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls253 wsb7f gscef\">in other </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls247 ws0 gscf0\">comprehen- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls255 ws68 gscf1\">sive income </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls256 ws0 gscf2\">Hedging </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls257 ws0 gscf3\">costs </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls258 ws0 gscf4\">Ineffective </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls246 ws152 gscf5\">portion of the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls259 ws0 gscf6\">hedge </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls254 ws35e gscf7\">recognised in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25a wsb80 gscf8\">profit or loss </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls258 ws2b gscf9\">Line items of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25b wsb20 gscfa\">the statement </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls255 ws68 gscfb\">of comprehen- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls255 ws24 gscfc\">sive income in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25c ws1d gscfd\">which the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25d ws0 gscfe\">ineffective </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25e wsb69 gscff\">portion was </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1fb ws0 gsd00\">recognised </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25a ws0 gsd01\">Reclassifi- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25f wsb81 gsd02\">cations from </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls260 ws22 gsd03\">reserves to </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25a wsb80 gsd04\">profit or loss </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls258 ws2b gsd05\">Line items of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25b wsb20 gsd06\">the statement </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls255 ws68 gsd07\">of comprehen- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls255 ws24 gsd08\">sive income in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25c ws1d gsd09\">which the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls257 ws0 gsd0a\">reclassifi- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls261 wsb82 gsd0b\">cation was </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1fb ws0 gsd0c\">recognised </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd0d\">Electricity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws0 gsd0e\">futures, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws255 gsd0f\">forwards and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5a ws850 gsd10\">options \u2013 sales </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd11\">\u2013<span class=\"fsa\"> </span>2,365.6 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>4.9 <span class=\"_ _1a\"> </span>0.3 <span class=\"_ _8\"> </span><span class=\"ls36\">Revenue <span class=\"_ _119\"> </span></span>\u2013<span class=\"fsa\"> </span>91.7 <span class=\"_ _5\"> </span><span class=\"ls36\">Revenue </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd12\">Electricity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gsd13\">futures and </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsd14\">forwards \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gsd15\">purchasing <span class=\"_ _45\"> </span><span class=\"ls0\">454.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _11b\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd16\">Electricity  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsd17\">purchases <span class=\"_ _69\"> </span><span class=\"ls0\">15.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd18\">Electricity  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsd19\">purchases </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gsd1a\">Gas forwards \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gsd1b\">purchasing <span class=\"_ _12e\"> </span><span class=\"ls0\">18.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _56\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws25e gsd1c\">Gas  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsd1d\">purchases <span class=\"_ _53\"> </span><span class=\"ls0\">1.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws25e gsd1e\">Gas  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gsd1f\">purchases </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1aa ws90d gsd20\">Interest rat<span class=\"_ _92\"></span>e </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2e ws0 gsd21\">swaps </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd22\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _9a\"> </span>0.0 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws25a gsd23\">Other  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd24\">financial result </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd25\">\u2013<span class=\"fsa\"> </span>2.0 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1aa ws0 gsd26\">Interest </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f8 ws0 gsd27\">expenses<span class=\"_ _333\"> </span> </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9b ws90 gsd29\">Notional amount and a<span class=\"_ _92\"></span>verage price an<span class=\"ls129 ws8df\">d/or interest r<span class=\"_ _92\"></span>ate as at 31/12/2021 <span class=\"_ _146\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsd2a\">  <span class=\"_ _1d7\"> </span><span class=\"ff2f ls18\">2022 <span class=\"_ _1d1\"> </span>2023 <span class=\"_ _1d1\"> </span>2024 <span class=\"_ _5a\"> </span>2025 <span class=\"_ _8\"> </span><span class=\"ls28 ws2c\"> &gt;2025 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsd2b\">Electricity futures, forw<span class=\"_ _92\"></span>ards and </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsd2c\">options \u2013 sales <span class=\"_ _230\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd2d\">Notional amount <span class=\"_ _10c\"> </span><span class=\"ls1a ws1c\">15,167 GWh </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gsd2e\">5,712 GWh, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsd2f\">1,752 GWh </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsd30\">via collar </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws0 gsd31\">options </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsd32\">543 GWh, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsd33\">1,757 GWh </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsd34\">via collar </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws0 gsd35\">options <span class=\"_ _1e2\"> </span><span class=\"ls36 ws35\">130 GWh <span class=\"_ _1e5\"> </span>900 GWh </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws63 gsd36\">Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac67.7/MWh </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gsd37\">\u20ac63.2/MWh, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gsd38\">collar \u20ac38\u2013</div><div class=\"t m0 hf ff2a fsa fc0 sc0 ls0 ws0 gsd39\"> <span class=\"fs8 ls2d\">60/MWh </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gsd3a\">\u20ac79.1/MWh, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gsd3b\">collar \u20ac60\u2013</div><div class=\"t m0 hf ff2a fsa fc0 sc0 ls0 ws0 gsd3c\"> <span class=\"fs8 ls26\">140/MWh </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws0 gsd3d\">\u20ac39.3/MWh <span class=\"_ _216\"> </span>\u20ac39.3/MWh </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsd3e\">Electricity futures and forw<span class=\"_ _92\"></span>ards \u2013  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws0 gsd3f\">purchasing <span class=\"_ _152\"> </span><span class=\"ls31\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _12e\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd40\">Notional amount <span class=\"_ _214\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">2,792 GWh <span class=\"_ _183\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls1a ws1c\">1,550 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">613 GWh <span class=\"_ _1e9\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">103 GWh <span class=\"_ _ac\"> </span></span><span class=\"ls31\">\u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws63 gsd41\">Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac77.0/MWh <span class=\"_ _219\"> </span>\u20ac67.1/MWh <span class=\"_ _21a\"> </span>\u20ac69.8/MWh <span class=\"_ _219\"> </span>\u20ac68.7/MWh <span class=\"_ _12b\"> </span><span class=\"ls31\">\u2013 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsd42\">Gas forw<span class=\"_ _92\"></span>ards \u2013 purchasing <span class=\"_ _1a8\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsd43\">Notional amount <span class=\"_ _3b\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">235 GWh <span class=\"_ _16\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls36 ws35\">109 GWh <span class=\"_ _9d\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws63 gsd44\">Av<span class=\"_ _92\"></span>erage hedged price <span class=\"_ _154\"> </span><span class=\"ls34 ws0\">\u20ac15.6/MWh <span class=\"_ _219\"> </span>\u20ac16.3/MWh <span class=\"_ _9d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _9d\"> </span>\u2013 <span class=\"_ _ac\"> </span>\u2013 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1e wsb20 gsd45\">Interest rate swa<span class=\"_ _92\"></span>ps <span class=\"_ _a2\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _54\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws63 gsd46\">Av<span class=\"_ _92\"></span>erage notional amount <span class=\"_ _2b6\"> </span><span class=\"ls0 ws0\">49.5 <span class=\"_ _66\"> </span>34.9 <span class=\"_ _4a\"> </span>20.3 <span class=\"_ _a3\"> </span>7.9 <span class=\"_ _50\"> </span>1.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws321 gsd47\">Av<span class=\"_ _92\"></span>erage fixed interest rate <span class=\"_ _fe\"> </span><span class=\"ls2f ws2c\">2.6 % <span class=\"_ _fd\"> </span>2.6 % <span class=\"_ _23\"> </span>2.8 % <span class=\"_ _fd\"> </span>3.1 % <span class=\"_ _2b\"> </span>3.6 %<span class=\"_ _333\"> </span></span><span class=\"ls2f ws2c\"> </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls262 wsb83 gsd49\">5.3 Recov<span class=\"_ _92\"></span>erability of financial assets<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws7c6 gsd4a\">V<span class=\"_ _14\"></span>aluation allowanc<span class=\"_ _92\"></span>es are recognised a<span class=\"_ _92\"></span>t ever<span class=\"_ _43\"></span>y reporting date<span class=\"_ _92\"></span> for expected credit losses for fin<span class=\"_ _92\"></span>ancial </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws4e4 gsd4b\">assets that wer<span class=\"_ _92\"></span>e classified as measured a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> amorti<span class=\"lsa5 wsb84\">sed cost (<span class=\"_ _43\"></span>AC) and/or debt<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span> that were </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws36f gsd4c\">classified as measur<span class=\"_ _92\"></span>ed at fair value throu<span class=\"_ _92\"></span>gh othe<span class=\"ls99 ws7f7\">r comprehensive income (F<span class=\"_ _43\"></span><span class=\"ls87 wsa14\">VO<span class=\"_ _43\"></span>CI), receivables under </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 ws249 gsd4d\">leases, con<span class=\"_ _92\"></span>tract assets and financial guaran<span class=\"_ _92\"></span>tee contracts.<span class=\"_ _333\"> </span> <span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 wsb85 gsd4e\">The expected cr<span class=\"_ _92\"></span>edit losses are taken<span class=\"_ _92\"></span> into account in the fo<span class=\"_ _92\"></span>llowing stages (see section <span class=\"_ _89\"></span>11 Risk<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gsd4f\">mana<span class=\"_ _92\"></span>gement for quantitative disclo<span class=\"_ _92\"></span>sures):  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsc4 ws859 gsd50\">Impairment of assets <span class=\"_ _29\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _97\"> </span>  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsd51\">  <span class=\"_ _22c\"> </span><span class=\"ff2f ls24 ws95a\">Stage 1 <span class=\"_ _13a\"> </span>Stage 2 <span class=\"_ _136\"> </span><span class=\"ls9c ws61\">Stage 3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsd52\">Credit risk: <span class=\"_ _49\"> </span>Low credit risk \u2013  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gsd53\">(credit risk has not increased </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gsd54\">significantly since its initial </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gsd55\">recognition) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsd56\">Elevated credit risk \u2013  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gsd57\">(credit risk has increased </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gsd58\">significantly since its initial </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gsd59\">recognition) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsd5a\">Significant financial </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsd5b\">difficulties on the part of the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gsd5c\">borrower or the issuer </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsd5d\">(breach of contract) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gsd5e\">Recognition of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gsd5f\">loss allow<span class=\"_ _92\"></span>ance: </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gsd60\">Impairment in the amount of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsd61\">the 12-month expected </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws0 gsd62\">losses </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gsd63\">Impairment in the amount of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gsd64\">expected lifetime losses </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gsd65\">Impairment in the amount of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gsd66\">expected lifetime losses </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsd67\">Calculation of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gsd68\">interest income: </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsd69\">Based on the effective </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsd6a\">interest rate on the gross </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsd6b\">carrying amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsd6c\">Based on the effective </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsd6d\">interest rate on the gross </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsd6e\">carrying amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsd6f\">Based on the effective </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gsd70\">interest rate on the net </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gsd71\">carrying amount </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsd72\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws808\">The credit risk <span class=\"_ _92\"></span>is presumed to be low if the in<span class=\"_ _92\"></span>ternal rating c<span class=\"_ _92\"></span>orresponds to an extern<span class=\"_ _92\"></span>al investment </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls95 ws0 gsd73\">grade ra<span class=\"_ _92\"></span>ting (Standard &amp; P<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>or\u2019<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>: &gt; BBB\u2013; Moody\u2019<span class=\"_ _14\"></span>s: &gt; Baa3).  </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsd74\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws72e\">The credit risk i<span class=\"_ _92\"></span>s presumed to ha<span class=\"_ _92\"></span>ve increased significantly if t<span class=\"_ _92\"></span>he financial asset is more th<span class=\"_ _92\"></span>an 30 <span class=\"_ _14\"></span>days </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws4fc gsd75\">past due. Recla<span class=\"_ _92\"></span>ssifications are carried out in<span class=\"_ _92\"></span> sta<span class=\"ls33 ws3a2\">ge 3 as soon as a financial a<span class=\"_ _92\"></span>sset has become credit-<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 wsb86 gsd76\">impaired, fin<span class=\"_ _92\"></span>ancial assets are mor<span class=\"_ _92\"></span>e than 90 <span class=\"_ _86\"></span>day<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> over<span class=\"_ _92\"></span>due or a breach of con<span class=\"_ _0\"></span>tract has been </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws25b gsd77\">ascertained.  </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gsd78\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws366\">Proba<span class=\"_ _92\"></span>bilities of default and collection r<span class=\"_ _92\"></span>ates depending on the r<span class=\"_ _92\"></span>ating category serve to determine the </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws2e3 gsd79\">amount of im<span class=\"_ _92\"></span>pairment losses to be recognised. T<span class=\"_ _92\"></span>he valuation allo<span class=\"_ _92\"></span>wance is recognised in the amo<span class=\"_ _92\"></span>unt </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws65 gsd7a\">of the pres<span class=\"_ _92\"></span>ent value of the e<span class=\"_ _92\"></span>xpected credit losses.<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws391 gsd7b\">For<span class=\"_ _92\"></span> trade receivables<span class=\"_ _92\"></span>, contract assets <span class=\"_ _92\"></span>and receivabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s under leases<span class=\"_ _92\"></span>, a simplified method is ap<span class=\"_ _92\"></span>plied to </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws212 gsd7c\">measur<span class=\"_ _92\"></span>e the valuation all<span class=\"_ _92\"></span>owance. F<span class=\"_ _92\"></span>or these receiva<span class=\"_ _92\"></span>b<span class=\"ls71 ws65d\">les and assets, a valuation allowance is alway<span class=\"_ _92\"></span>s </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f wsda gsd7d\">recognised in the amoun<span class=\"_ _92\"></span>t of the lifetime expected cr<span class=\"_ _92\"></span>edit loss using a loss all<span class=\"_ _92\"></span>owance table.<span class=\"_ _333\"> </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gsd8b\">6.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Receivables from derivati<span class=\"ls124 wsb8c\">ve financia<span class=\"_ _92\"></span>l instruments<span class=\"_ _333\"> </span></span></span><span class=\"lsef ws877\"><span class=\"ls124 wsb8c\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws5c0 gsd8c\">Receivables from deriv<span class=\"_ _92\"></span>ative fina<span class=\"ls72 wsb8d\">ncial instr<span class=\"_ _43\"></span>uments include der<span class=\"_ _43\"></span>ivati<span class=\"ls87 ws7aa\">ves and hedging instruments from </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gsd8d\">both the financ<span class=\"_ _92\"></span>ial and energy area<span class=\"_ _92\"></span>.  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws63a gsd8e\">Receivables fr<span class=\"_ _92\"></span>om derivative financial<span class=\"_ _92\"></span> instruments <span class=\"_ _1de\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gsd8f\">  <span class=\"_ _20f\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gsd90\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gsd91\"> <span class=\"_ _11\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _179\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gsd92\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gsd93\"> <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsd94\">  <span class=\"_ _242\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls36 ws0 gsd95\">current </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gsd96\">Non-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws0 gsd97\">current </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls5d ws0 gsd98\">Current <span class=\"_ _b\"> </span><span class=\"fc0\">Current </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsd99\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _93\"> </span><span class=\"fc4 ls0 ws0\">454.9 <span class=\"_ _21\"> </span><span class=\"ff2f fc0 ls18\">369.7 <span class=\"_ _1e5\"> </span></span>1,972.6 <span class=\"_ _134\"> </span><span class=\"ff2f fc0 ls18\">1,825.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsd9a\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _18e\"> </span><span class=\"fc4 ls0 ws0\">70.3 <span class=\"_ _1b3\"> </span><span class=\"ff2f fc0 ls18\">67.7 <span class=\"_ _1c5\"> </span></span>0.0 <span class=\"_ _4b\"> </span><span class=\"ff2f fc0 ls31\">8.3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsd9b\">Receivables from deriv<span class=\"_ _92\"></span>ative financial instruments <span class=\"_ _128\"> </span><span class=\"fc4 ls18 ws0\">525.2 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">437.3 <span class=\"_ _1e2\"> </span></span>1,972.6 <span class=\"_ _a\"> </span><span class=\"ff2c fc0\">1,833.<span class=\"_ _92\"></span>7 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsd9c\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gsd9d\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws8d gsd9e\">Non-curr<span class=\"_ _92\"></span>ent receivables from deriva<span class=\"_ _92\"></span>tive financial in<span class=\"ls265 ws9ce\">str<span class=\"_ _43\"></span>ume<span class=\"_ _43\"></span>nts<span class=\"_ _43\"></span> in th<span class=\"_ _43\"></span>e fi<span class=\"_ _43\"></span>nance<span class=\"_ _43\"></span> area c<span class=\"_ _43\"></span>onta<span class=\"_ _43\"></span>in de<span class=\"_ _43\"></span>rivat<span class=\"_ _43\"></span>ive </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsbc ws1e1 gsd9f\">financial instruments measured at fair value i<span class=\"_ _92\"></span>n <span class=\"ls0 ws5aa\">the amount of \u20ac31.5m (previous year: \u20ac70.3m) which </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls97 wsa17 gsda0\">relate to financial liabilities un<span class=\"ls76 ws836\">der closed items on the balance she<span class=\"_ _92\"></span>et. Furthermor<span class=\"_ _92\"></span>e, this item also </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws78 gsda1\">includes the no<span class=\"_ _92\"></span>n-current portion o<span class=\"_ _92\"></span>f the positive fair values of in<span class=\"_ _92\"></span>terest rat<span class=\"_ _92\"></span>e swaps held to <span class=\"_ _0\"></span>hedge the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws340 gsda2\">inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st rate risk as<span class=\"_ _92\"></span>sociated with financial liabilities (\u20ac36.2m; previous year: \u20ac0.0m).  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws4dc gsda3\">Curr<span class=\"_ _92\"></span>ent receivab<span class=\"_ _92\"></span>les from derivative financial<span class=\"_ _92\"></span> instruments in the finance ar<span class=\"_ _92\"></span>ea include the current </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7e ws8c9 gsda4\">portion of p<span class=\"_ _43\"></span>ositive fair value<span class=\"_ _43\"></span>s of interest rate swaps <span class=\"ls74 ws32f\">held to hedge the in<span class=\"_ _92\"></span>terest ra<span class=\"_ _92\"></span>te risk associated with </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 ws249 gsda5\">financial lia<span class=\"_ _92\"></span>b<span class=\"_ _43\"></span>ilities (\u20ac8.3 million; pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: other liability: \u20ac5.9m).<span class=\"_ _333\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gsdaa\">6.2.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsc4 ws23e gsdab\">Receivables fr<span class=\"_ _92\"></span>om </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsc3 wsb0f gsdac\">deriva<span class=\"_ _92\"></span>tive  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsc1 ws4e8 gsdad\">financial instruments<span class=\"_ _333\"> </span> </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsaf ws262 gsdb3\">T<span class=\"_ _14\"></span>rade receiv<span class=\"_ _92\"></span>ables, other receivables and securities <span class=\"_ _108\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gsdb4\">  <span class=\"_ _2c6\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gsdb5\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gsdb6\"> <span class=\"_ _21\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _15e\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gsdb7\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gsdb8\"> <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsdb9\">  <span class=\"_ _27d\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls36 ws0 gsdba\">current </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gsdbb\">Non-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws0 gsdbc\">current </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls5d ws0 gsdbd\">Current <span class=\"_ _b\"> </span><span class=\"fc0\">Current </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc8 ws90e gsdbe\">T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _139\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _50\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _11\"> </span></span><span class=\"ls0\">818.4 <span class=\"_ _1f\"> </span><span class=\"ff2f fc0 ls18\">968.3 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsdbf\">Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _c3\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _3c\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _24\"> </span></span><span class=\"ls0\">57.6 <span class=\"_ _23\"> </span><span class=\"ff2f fc0 ls18\">57.9<span class=\"_ _92\"></span> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gsdc0\">Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _bb\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _3c\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _1c\"> </span></span><span class=\"ls0\">49.1 <span class=\"_ _4b\"> </span></span><span class=\"ff2f fc0\">3.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsdc1\">Other receivables and assets <span class=\"_ _f7\"> </span><span class=\"fc4 ls0 ws0\">354.5 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">309.7 <span class=\"_ _21\"> </span></span>408.3 <span class=\"_ _8\"> </span><span class=\"ff2f fc0 ls18\">516.<span class=\"_ _92\"></span>3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsdc2\">T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _123\"> </span><span class=\"fc4 ls18 ws0\">354.5 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">309.7 <span class=\"_ _1e2\"> </span></span><span class=\"ls31\">1,333.4 <span class=\"_ _a\"> </span></span><span class=\"ff2c fc0\">1,546.1 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsdc3\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gsdc4\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls146 ws674 gsdc9\">Other receiv<span class=\"_ _92\"></span>ables and assets <span class=\"_ _201\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gsdca\">  <span class=\"_ _fa\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gsdcb\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gsdcc\"> <span class=\"_ _26\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _1d1\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gsdcd\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gsdce\"> <span class=\"_ _4b\"> </span><span class=\"ff2c fc0 ls18\">2022 </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsdcf\">  <span class=\"_ _2c7\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _216\"> </span><span class=\"fc0\">Non-current <span class=\"_ _7\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _1cd\"> </span><span class=\"fc0\">Current </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws0 gsdd0\">Securities <span class=\"_ _263\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _54\"> </span></span><span class=\"ff2f ls0\">\u2013 <span class=\"_ _3\"> </span><span class=\"ff2a fc4\">4.3 <span class=\"_ _16a\"> </span></span><span class=\"ls18\">0.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsdd1\">Guarantees in el<span class=\"ls19 ws184\">ectricity trading <span class=\"_ _1a0\"> </span><span class=\"fc4 ls0 ws0\">274.5 <span class=\"_ _4f\"> </span><span class=\"ff2f fc0 ls18\">250.2 <span class=\"_ _26\"> </span></span>322.7 <span class=\"_ _2c\"> </span><span class=\"ff2f fc0 ls18\">381.2 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gsdd2\">Emission rights <span class=\"_ _18a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _12e\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _69\"> </span></span><span class=\"ls0\">31.2 <span class=\"_ _6a\"> </span><span class=\"ff2f fc0 ls18\">49.0 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsdd3\">Receivables from tax clearing <span class=\"_ _2b5\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _69\"> </span></span><span class=\"ls0\">22.9 <span class=\"_ _6a\"> </span><span class=\"ff2f fc0 ls18\">14.8 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsdd4\">Receivables from accrued inter<span class=\"_ _92\"></span>est <span class=\"_ _4e\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _3\"> </span></span><span class=\"ls0\">0.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsdd5\">Other <span class=\"_ _1bf\"> </span><span class=\"fc4 ls0\">80.0 <span class=\"_ _5b\"> </span></span><span class=\"ff2f ls18\">59.4 <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">26.9 <span class=\"_ _6c\"> </span></span><span class=\"ff2f ls18\">70.8 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws90d gsdd6\">Other receivables and asset<span class=\"_ _92\"></span>s <span class=\"_ _3a\"> </span><span class=\"fc4 ls18 ws0\">354.5 <span class=\"_ _10f\"> </span><span class=\"ff2c fc0\">309.7 <span class=\"_ _119\"> </span></span>408.3 <span class=\"_ _1d1\"> </span><span class=\"ff2c fc0\">516.3 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsdd7\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gsdd8\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. </div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gsde4\">6.5<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsc6 ws80c\">Liabilities from derivati<span class=\"ls24f wsb90\">ve finan<span class=\"_ _92\"></span>cial instruments </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws29c gsde5\">Liabilities fr<span class=\"_ _92\"></span>om derivative fina<span class=\"_ _92\"></span>ncial instruments <span class=\"_ _f5\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gsde6\">  <span class=\"_ _2c9\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gsde7\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gsde8\"> <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _21\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gsde9\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gsdea\"> <span class=\"_ _6\"> </span><span class=\"ff2c fc0 ls18\">2022 </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsdeb\">  <span class=\"_ _1f8\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls36 ws0 gsdec\">current </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gsded\">Non-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws0 gsdee\">current </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls5d ws0 gsdef\">Current <span class=\"_ _a9\"> </span><span class=\"fc0\">Current </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsdf0\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _da\"> </span><span class=\"fc4 ls0 ws0\">734.8 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">1,069.2 <span class=\"_ _94\"> </span></span>3,307.5 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">1,491.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsdf1\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _120\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _4b\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _2c\"> </span></span>5.9 <span class=\"_ _4a\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsdf2\">Liabilities from derivativ<span class=\"_ _92\"></span><span class=\"ls62 ws90e\">e financial instruments <span class=\"_ _10c\"> </span><span class=\"fc4 ls18 ws0\">734.8 <span class=\"_ _a7\"> </span><span class=\"ff2c fc0\">1,069.2 <span class=\"_ _5d\"> </span></span><span class=\"ls31\">3,31<span class=\"_ _43\"></span>3.3 <span class=\"_ _1e2\"> </span></span><span class=\"ff2c fc0\">1,491.6<span class=\"_ _92\"></span> </span></span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsdf3\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gsdf4\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8.<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws63a gs10c7\">Receivables fr<span class=\"_ _92\"></span>om derivative financial<span class=\"_ _92\"></span> instruments <span class=\"_ _48\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs10c8\">  <span class=\"_ _124\"> </span><span class=\"lsca ws30\">Reference v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs10c9\">1</div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs10ca\"> <span class=\"_ _278\"> </span><span class=\"fc4 ls1d ws35e\">P<span class=\"_ _92\"></span>ositive fair values <span class=\"_ _183\"> </span><span class=\"ff2c fc0 ls24 ws95a\">P<span class=\"_ _92\"></span>ositive f<span class=\"_ _92\"></span>air values </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs10cb\">  <span class=\"_ _242\"> </span><span class=\"ff2f ls31\">  <span class=\"_ _132\"> </span><span class=\"fc4 ls159\">31/12/2021 <span class=\"_ _59\"> </span><span class=\"fc0\">31/12/20<span class=\"_ _43\"></span>22 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs10cc\">Interest rate sw<span class=\"_ _92\"></span>aps \u2013 closed items on the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs10cd\">balance sheet (fix<span class=\"_ _92\"></span>ed interest recipient)  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs10ce\">$281.6m (previous </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs10cf\">year: $276.7m) <span class=\"_ _da\"> </span><span class=\"fc4 ls0 ws0\">70.3 <span class=\"_ _b5\"> </span><span class=\"ff2f fc0 ls29\">31.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2e ws2b gs10d0\">Interest rate sw<span class=\"_ _92\"></span>aps \u2013 hedges  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs10d1\">(fixed interest <span class=\"_ _92\"></span>payment) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs10d2\">\u20ac300.4m (previous </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs10d3\">year: \u20ac0.0m) <span class=\"_ _14c\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _1b0\"> </span><span class=\"ff2f fc0 ls49\">43.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws24 gs10d4\">Interest rate sw<span class=\"_ _92\"></span>ap relating to  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs10d5\">financial liabilities (freestanding) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs10d6\">\u20ac37.3m (previous </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs10d7\">year: \u20ac0.0m) </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs10d8\">0.0 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">1.<span class=\"_ _92\"></span>1 </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs10d9\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4c ws4e gs10da\"> The referenc<span class=\"_ _43\"></span>e value inclu<span class=\"_ _43\"></span>des the refer<span class=\"_ _43\"></span>ence basis <span class=\"_ _43\"></span>of the derivative<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span>. The actual <span class=\"_ _43\"></span>cash flows on<span class=\"_ _43\"></span>ly represent a <span class=\"_ _43\"></span>fractio<span class=\"ls199 ws896\">n of th<span class=\"_ _43\"></span>ese values<span class=\"_ _333\"> </span></span><span class=\"ls199 ws896\">.<span class=\"_ _333\"> </span></span><span class=\"ls199 ws896\"> </span></div>Derivativ<span class=\"_ _92\"></span>e financial instruments in<span class=\"_ _92\"></span> other liabilities <span class=\"_ _106\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _208\"> </span><span class=\"lsca ws30\">Reference value<span class=\"_ _333\"> </span></span>1 <span class=\"_ _b0\"> </span><span class=\"fc4 ls1a ws24\">Negative fair v<span class=\"_ _92\"></span>alues <span class=\"_ _1b3\"> </span><span class=\"ff2c fc0 ls46 ws2b\">Negative fair </span></span>values   <span class=\"_ _77\"> </span><span class=\"ff2f ls31\">  <span class=\"_ _132\"> </span><span class=\"fc4 ls159\">31/1<span class=\"_ _43\"></span>2/2021 <span class=\"_ _5a\"> </span></span><span class=\"ff37 ls24\">31/12/2022 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 hedges  (fixed interest <span class=\"_ _92\"></span>payment) \u20ac0.0m (previous year: \u20ac56.8m) 3.6 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span>Interest rate sw<span class=\"_ _92\"></span>ap relating to  financial liabilities (freestanding) \u20ac0.0m (previous year: \u20ac90.8m) <span class=\"_ _19f\"> </span><span class=\"fc4 ls0 ws0\">2.3 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>1 The referenc<span class=\"_ _43\"></span>e value inclu<span class=\"_ _43\"></span>des the refer<span class=\"_ _43\"></span>ence basis <span class=\"_ _43\"></span>of the derivative<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span>. The actual <span class=\"_ _43\"></span>cash flows on<span class=\"_ _43\"></span>ly represent a <span class=\"_ _43\"></span>fractio<span class=\"ls199 ws896\">n of th<span class=\"_ _43\"></span>ese values. </span>The derivative <span class=\"_ _92\"></span>financial instruments listed serve exclusively<span class=\"_ _92\"></span> to hedge financially ag<span class=\"_ _92\"></span>ainst existing currency and inter<span class=\"_ _92\"></span>est rate risks (see sectio<span class=\"_ _92\"></span>n entitled Int<span class=\"_ _92\"></span>erest rate risk for<span class=\"_ _92\"></span> notes on the inter<span class=\"_ _92\"></span>est rate swaps<span class=\"_ _92\"></span> entered in<span class=\"_ _92\"></span>to f<span class=\"_ _43\"></span>or financial liabilities bearing vari<span class=\"ls6d wsa2d\">able interest as well as fo<span class=\"_ _92\"></span>r intra-Group pr<span class=\"_ _92\"></span>oject </span>financing)<span class=\"_ _333\"> </span>Fina<span class=\"_ _92\"></span>ncial instruments with credit ri<span class=\"lsc4 ws2b2\">sk by<span class=\"_ _92\"></span> assigned rating group<span class=\"_ _92\"></span> 2022 <span class=\"_ _168\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Credit rating group Equivalent Moody\u2019<span class=\"_ _92\"></span>s rating Financial instruments \u2013 closed items on the balance sheet Securities Non-current and current other receivables<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>Tr<span class=\"_ _63\"></span>a<span class=\"_ _81\"></span>d<span class=\"_ _63\"></span>e<span class=\"_ _81\"></span> receivables Derivatives in the energy area Inv<span class=\"_ _92\"></span>estments as well as cash and cash equivalents<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>A <span class=\"_ _46\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _7\"> </span></span><span class=\"ls0\">270.8 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>30.1 <span class=\"_ _68\"> </span>62.0 <span class=\"_ _1cd\"> </span>181.8 </span>B <span class=\"_ _93\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _7\"> </span></span>168.0 <span class=\"_ _66\"> </span>5.7 <span class=\"_ _68\"> </span>19.0 <span class=\"_ _6\"> </span>325.1 <span class=\"_ _7\"> </span>183.1 <span class=\"_ _1cd\"> </span>168.0 C1\u2013C3 <span class=\"_ _68\"> </span><span class=\"ls2d ws33\">up to Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>21.2 <span class=\"_ _7\"> </span>283.2 <span class=\"_ _1e8\"> </span>1,793.4 <span class=\"_ _2b\"> </span>59.5 </span>D1\u2013D5 <span class=\"_ _6\"> </span><span class=\"ls1e ws1f\">below Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>23.6 <span class=\"_ _7\"> </span>156.5 <span class=\"_ _f3\"> </span>0.0 </span>Not rated <span class=\"_ _93\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>155.4 <span class=\"_ _7\"> </span>833.0 <span class=\"_ _6\"> </span>306.4 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _f3\"> </span>0.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _17b\"> </span><span class=\"ls31\">  <span class=\"_ _8\"> </span><span class=\"ls18\">438.8<span class=\"_ _92\"></span> <span class=\"_ _8\"> </span>161.1 <span class=\"_ _8\"> </span><span class=\"ls49\">873.2 <span class=\"_ _8\"> </span></span>96<span class=\"_ _92\"></span>8.4 <span class=\"_ _94\"> </span>2,195.<span class=\"_ _92\"></span>0 <span class=\"_ _2d4\"> </span>409.3 </span></span>1 incl. receiv<span class=\"_ _43\"></span>ables fro<span class=\"_ _43\"></span>m investees<span class=\"_ _43\"></span> and loans<span class=\"_ _43\"></span> to investe<span class=\"_ _43\"></span>es // 2 Non-current an<span class=\"_ _43\"></span>d current other<span class=\"_ _43\"></span> loans and <span class=\"_ _43\"></span>money market<span class=\"_ _43\"></span> transactions hav<span class=\"_ _43\"></span>e been summaris<span class=\"_ _43\"></span>ed as invest<span class=\"_ _43\"></span>ments in this<span class=\"_ _43\"></span> presentation. Fina<span class=\"_ _92\"></span>ncial instruments with credit <span class=\"lsc4 ws2b2\">risk by<span class=\"_ _92\"></span> assigned rating group 2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _288\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Credit rating group Equivalent Moody\u2019<span class=\"_ _92\"></span>s rating Financial instruments \u2013 closed items on the balance sheet Securities Non-current and current other receivables<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Tr<span class=\"_ _63\"></span>a<span class=\"_ _81\"></span>d<span class=\"_ _63\"></span>e<span class=\"_ _63\"></span>  receivables Derivativ<span class=\"_ _0\"></span>es in the energy area Inv<span class=\"_ _92\"></span>estments as well as cash and cash equivalents<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>A <span class=\"_ _46\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _7\"> </span></span><span class=\"ls0\">247.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>20.9 <span class=\"_ _1e8\"> </span>1,067.3 <span class=\"_ _132\"> </span>2.4 </span>B <span class=\"_ _93\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _7\"> </span></span>199.2 <span class=\"_ _66\"> </span>7.1 <span class=\"_ _68\"> </span>26.6 <span class=\"_ _6\"> </span>372.4 <span class=\"_ _7\"> </span>432.0 <span class=\"_ _1cd\"> </span>299.2 C1\u2013C3 <span class=\"_ _68\"> </span><span class=\"ls2d ws33\">up to Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>43.5 <span class=\"_ _7\"> </span>203.3 <span class=\"_ _7\"> </span>889.6 <span class=\"_ _1d1\"> </span>17.0 </span>D1\u2013D5 <span class=\"_ _6\"> </span><span class=\"ls1e ws1f\">below Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>20.6 <span class=\"_ _68\"> </span>38.7 <span class=\"_ _132\"> </span>0.0 </span>Not rated <span class=\"_ _93\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>135.7 <span class=\"_ _7\"> </span>726.0 <span class=\"_ _6\"> </span>201.2 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _f3\"> </span>0.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _17b\"> </span><span class=\"ls31\">  <span class=\"_ _8\"> </span><span class=\"ls18\">447.2<span class=\"_ _92\"></span> <span class=\"_ _8\"> </span>142.8 <span class=\"_ _8\"> </span>79<span class=\"_ _92\"></span>6.0 <span class=\"_ _8\"> </span>818.4 <span class=\"_ _b\"> </span>2,427.6 <span class=\"_ _6\"> </span>318.6 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. // 2 incl. rece<span class=\"_ _43\"></span>ivables fro<span class=\"_ _43\"></span>m investees<span class=\"_ _43\"></span> and loans t<span class=\"_ _43\"></span>o invest<span class=\"_ _43\"></span>ees // 3 Non-current and current other loans and m<span class=\"_ _43\"></span>oney market tr<span class=\"_ _43\"></span>ansactions<span class=\"_ _43\"></span> have been<span class=\"_ _43\"></span> summarised<span class=\"_ _43\"></span> as invest<span class=\"_ _43\"></span>ments in <span class=\"_ _43\"></span>this presentat<span class=\"_ _43\"></span>ion<span class=\"_ _333\"> </span>11.2<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls101 ws309\">Risk management in the energy area  </span>Within its core<span class=\"_ _92\"></span> business, VERBUND<span class=\"fs0 ls0 ws0\"> <span class=\"_ _63\"></span></span><span class=\"ls33 ws808\">is active in international<span class=\"_ _92\"></span> energy markets <span class=\"_ _92\"></span>and is thus exposed to </span>market<span class=\"_ _92\"></span>, counterparty an<span class=\"_ _92\"></span>d operational risk<span class=\"_ _92\"></span>s that ha<span class=\"_ _92\"></span>ve to be seen alongside corr<span class=\"_ _92\"></span>esponding opportun<span class=\"_ _92\"></span>ities. Dealing with m<span class=\"_ _92\"></span>arket risks is man<span class=\"_ _92\"></span>aged by means of rule book<span class=\"_ _92\"></span>s and the limits established in them<span class=\"_ _92\"></span>. Counterparty risk is a<span class=\"_ _92\"></span>pproached using separa<span class=\"_ _92\"></span>te guidelines both at the Gr<span class=\"_ _92\"></span>oup level as well as at the level of the subsidiaries<span class=\"_ _92\"></span>. There is a p<span class=\"_ _92\"></span>rocess manual<span class=\"_ _92\"></span> for the managemen<span class=\"_ _92\"></span>t of operational risk<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span>At 31 <span class=\"_ _88\"></span>December 2022, derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instrume<span class=\"ls64 ws4ce\">nts in the energy area <span class=\"_ _92\"></span><span class=\"ls63 ws410\">(electricity futur<span class=\"_ _92\"></span>es and </span></span>electricity forwards as well as g<span class=\"_ _92\"></span>as futures and gas forwards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span>2 futures and CO<span class=\"_ _333\"> </span>2 forwards) comprised the following: Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>2 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">580.8 <span class=\"_ _132\"> </span>1,618.4 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,037.6 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">426.6 <span class=\"_ _3\"> </span>701.1 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>274.5 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,012.1 <span class=\"_ _66\"> </span>2,491.9<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,479.8<span class=\"_ _92\"></span> </span>of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">948.1 <span class=\"_ _132\"> </span>1,879.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>931.5 </span>of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">64.0 <span class=\"_ _3\"> </span>612.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>548.3 </span>of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _114\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18c\"> </span>  <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,479.8 </span></span>Wh<span class=\"_ _92\"></span>olesale as at 31/12/2022 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,650.3 <span class=\"_ _3\"> </span>542.0 <span class=\"_ _aa\"> </span>1,108.3 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,994.7 <span class=\"_ _132\"> </span>2,875.3 <span class=\"_ _127\"> </span>119.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,645.0 <span class=\"_ _66\"> </span>3,417.3<span class=\"_ _92\"></span> <span class=\"_ _132\"> </span>1,227.6 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,798.3 <span class=\"_ _132\"> </span>2,410.0 <span class=\"_ _aa\"> </span>1,388.3 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">846.7 <span class=\"_ _132\"> </span>1,007.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>160.7 </span>Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">900.7 <span class=\"_ _132\"> </span>1,980.4 <span class=\"_ _1d1\"> </span>\u2013<span class=\"fsa\"> </span>1,079.7 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _224\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _16a\"> </span><span class=\"ls18\">147.9<span class=\"_ _333\"> </span></span></span>T<span class=\"_ _14\"></span>rading as at 31/12/2022<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  fair values Negative  fair values Net Futures <span class=\"_ _d1\"> </span><span class=\"ls0\">85.7 <span class=\"_ _9c\"> </span>88.5 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>2.8 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">1,354.6 <span class=\"_ _132\"> </span>1,353.2 <span class=\"_ _46\"> </span>1.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,440.3 <span class=\"_ _66\"> </span>1,441.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1.4 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,091.0 <span class=\"_ _132\"> </span>1,094.7 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>3.7 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">349.3 <span class=\"_ _3\"> </span>347.0 <span class=\"_ _46\"> </span>2.3 </span>T<span class=\"_ _14\"></span>otal as at 31/12/2022 <span class=\"_ _2ea\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">2,316.8 <span class=\"_ _132\"> </span>2,248.9 <span class=\"_ _de\"> </span>67.8 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,775.9 <span class=\"_ _132\"> </span>4,929.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>153.7 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">7,097.3 <span class=\"_ _66\"> </span>7,351.0<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span>Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _61\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,307.2 <span class=\"_ _66\"> </span>2,<span class=\"_ _92\"></span>560.8 <span class=\"_ _5b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span>EEX/ECX clearing variation margins of futures <span class=\"_ _111\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>112.2 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>112.2 </span>Recognised in either receivables from  derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span>derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,195.0 <span class=\"_ _66\"> </span>2,560.8<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>365.<span class=\"_ _92\"></span>8 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,825.3 <span class=\"_ _132\"> </span>1,491.6 <span class=\"_ _127\"> </span>333.7 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">369.7 <span class=\"_ _132\"> </span>1,069.2 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>699.5<span class=\"_ _333\"> </span></span>At 31 December 2021, deriva<span class=\"_ _92\"></span>tive financial instr<span class=\"_ _43\"></span>uments <span class=\"ls46 ws98b\">in the energy area (<span class=\"_ _92\"></span>electricity futures as well as </span>electricity forwards and option<span class=\"_ _92\"></span>s, gas futures an<span class=\"_ _92\"></span>d gas for<span class=\"_ _43\"></span>wards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span>2 futures a<span class=\"_ _43\"></span>nd CO<span class=\"_ _333\"> </span>2 forwards) comprised the following:  Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>1 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">267.6 <span class=\"_ _132\"> </span>1,334.8 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,067.2 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">229.1 <span class=\"_ _3\"> </span>973.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>744.5 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">504.1 <span class=\"_ _66\"> </span>2,425.8 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,921.<span class=\"_ _92\"></span>8 </span>of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">450.9 <span class=\"_ _132\"> </span>2,243.2 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,792.3 </span>of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">53.2 <span class=\"_ _3\"> </span>182.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>129.5 </span>of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _5c\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,921.8 </span></span>Wh<span class=\"_ _92\"></span>olesale as at 31/12/2021 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,489.9 <span class=\"_ _3\"> </span>595.6 <span class=\"_ _127\"> </span>894.3 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,435.8 <span class=\"_ _132\"> </span>3,209.9 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>774.1 </span>Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls31 ws0\">3,933.1<span class=\"_ _43\"></span> <span class=\"_ _66\"> </span><span class=\"ls18\">3,805.5 <span class=\"_ _3\"> </span>127.6 </span></span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,464.1 <span class=\"_ _132\"> </span>3,174.3 <span class=\"_ _127\"> </span>289.8 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">469.0 <span class=\"_ _3\"> </span>631.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>162.3 </span>Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">914.8 <span class=\"_ _132\"> </span>1,093.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>178.8 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2cf\"> </span><span class=\"ls18\">0.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _53\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">51.3 </span></span></span>T<span class=\"_ _14\"></span>rading as at 31/12/2021<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">222.7 <span class=\"_ _3\"> </span>207.6 <span class=\"_ _de\"> </span>15.1 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,019.8 <span class=\"_ _132\"> </span>4,037.1 <span class=\"_ _3\"> </span>\u2013<span class=\"fsa\"> </span>17.3 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,242.5 <span class=\"_ _66\"> </span>4,244.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>2.2 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,824.0 <span class=\"_ _132\"> </span>3,824.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.6 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">418.5 <span class=\"_ _3\"> </span>420.1 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>1.6<span class=\"_ _333\"> </span></span>T<span class=\"_ _14\"></span>otal as at 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _2eb\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  fair values Negative  fair values Net Futures 1,980.2 <span class=\"_ _132\"> </span>2,138.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>157.8 Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">6,684.8 <span class=\"_ _132\"> </span>8,220.7 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,535.9 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span>Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">8,679.6 <span class=\"_ _fd\"> </span>10,476.1 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.<span class=\"_ _92\"></span>4 </span>Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _61\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _4b\"> </span>4,224.0 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.4 </span>EEX/ECX clearing variation margins of futures <span class=\"_ _1e4\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>181.8 <span class=\"_ _5f\"> </span>181.8 </span>Recognised in either receivables from  derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span>derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _66\"> </span>4,042.2<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,614.6 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,972.7 <span class=\"_ _132\"> </span>3,307.5 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,334.8 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">454.9 <span class=\"_ _3\"> </span>734.8 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>279.8 </span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8.<span class=\"_ _333\"> </span>Derivative fin<span class=\"_ _92\"></span>ancial instruments in the energy ar<span class=\"_ _92\"></span>ea <span class=\"ls75 ws40b\">with positive fair values <span class=\"_ _92\"></span>are recognised under<span class=\"_ _92\"></span> </span>receiva<span class=\"_ _92\"></span>bles from derivative finan<span class=\"_ _92\"></span>cial instruments, while those with neg<span class=\"_ _92\"></span>ative fair values are r<span class=\"_ _92\"></span>ecognised under liabilities from derivativ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> fi<span class=\"ls6f ws14b\">nancial ins<span class=\"_ _92\"></span>truments. If a fr<span class=\"_ _92\"></span>amework agree<span class=\"_ _92\"></span>ment with a netting cl<span class=\"_ _92\"></span>ause </span>has been en<span class=\"_ _92\"></span>tered into with a coun<span class=\"_ _92\"></span>terparty, the positive and n<span class=\"_ _92\"></span>egative fair values of th<span class=\"_ _92\"></span>e transactions for this counterpar<span class=\"_ _92\"></span>ty are netted for accoun<span class=\"_ _92\"></span>ting purposes because the aim is to settl<span class=\"_ _92\"></span>e on a net basis. The effects of po<span class=\"_ _92\"></span>tential price fluctuations on the <span class=\"_ _92\"></span>electricity market (\u2013 <span class=\"fs2 ls70 wsbd7\">10.0 <span class=\"_ _89\"></span>% to +<span class=\"fs9 ls0 ws0\"> </span><span class=\"ls67 ws66\">10.0 %) <span class=\"_ _21c\"> </span>were </span></span>measured b<span class=\"_ _92\"></span>y means of a sensitivity analysis<span class=\"_ _43\"></span>: Sensitivity: mark<span class=\"_ _92\"></span>et price fluctuation <span class=\"_ _92\"></span>of +<span class=\"fsa ls0 ws0\"> </span><span class=\"ls16f ws8b8\">10 % <span class=\"_ _32\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Effect on operating <span class=\"ls32 ws2e\">result (wholesale an<span class=\"ls1e ws63\">d trading portfolio) <span class=\"_ _2e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>40.6 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">61.9 </span></span></span></span></span>Effect on equity (revaluation r<span class=\"_ _92\"></span>eserve from cash flow hedges) <span class=\"_ _1ae\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>294.3 <span class=\"_ _5b\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">346.6 </span></span></span>Sensitivity: mark<span class=\"_ _92\"></span>et price fluctuation <span class=\"_ _92\"></span>of \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls16f ws8b8\">10 % <span class=\"_ _265\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Effect on operating <span class=\"ls32 ws2e\">result (wholesale an<span class=\"ls1e ws63\">d trading portfolio) <span class=\"_ _257\"> </span><span class=\"fc4 ls0 ws0\">40.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">61.9 </span></span></span></span>Effect on equity (revaluation r<span class=\"_ _92\"></span>eserve from cash flow hedges) <span class=\"_ _1ac\"> </span><span class=\"fc4 ls0 ws0\">294.3 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">346.6 </span></span>The future s<span class=\"_ _92\"></span>ales and procuremen<span class=\"_ _92\"></span>t transactions hedged b<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> cash flow<span class=\"_ _92\"></span> hedges will occur over the nex<span class=\"_ _92\"></span>t ten years (2023 to 2032) and be reco<span class=\"ls70 wsa47\">gnised in profit or loss acco<span class=\"ls64 ws8c3\">rdingly. See section <span class=\"_ _89\"></span>5 Financial </span></span>instruments for further<span class=\"_ _92\"></span> details regar<span class=\"_ _92\"></span>ding the electricity futur<span class=\"_ _92\"></span>es and for<span class=\"_ _43\"></span>wards design<span class=\"_ _92\"></span>ated as cash flow<span class=\"_ _92\"></span> hedges.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-27": {
   "value": "Depreciatio<span class=\"_ _92\"></span>n and amortisation <span class=\"_ _15c\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Depreciation of pro<span class=\"_ _92\"></span>perty<span class=\"_ _14\"></span>, plant and equipment <span class=\"_ _ce\"> </span><span class=\"fc4 ls0 ws0\">375.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">436.2 </span></span>Amortisation of intangible <span class=\"_ _92\"></span>assets <span class=\"_ _248\"> </span><span class=\"fc4 ls0 ws0\">12.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">16.8 </span></span>Depreciation of right<span class=\"_ _92\"></span>-of-use assets <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">29.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">9.7 </span></span>Depreciation and amortisation <span class=\"_ _239\"> </span><span class=\"fc4 ls18 ws0\">41<span class=\"_ _92\"></span>7.3 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">462.7<span class=\"_ _333\"> </span></span></span>3.2.9  Depreciation a<span class=\"_ _92\"></span>nd amortisation<span class=\"_ _333\"> </span>Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>Concessions, rights, licences Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span>2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">265.8 <span class=\"_ _3\"> </span>855.3 <span class=\"_ _59\"> </span>1,121.1 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">618.0 <span class=\"_ _3\"> </span>172.6 <span class=\"_ _2\"> </span>790.7 </span>Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">46.3 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>46.3 </span>Disposals <span class=\"_ _26a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>11.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _16a\"> </span>\u2013<span class=\"fsa\"> </span>11.4 </span>Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">3.7 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>3.7 </span>Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">922.5 <span class=\"_ _66\"> </span>1,027.9 <span class=\"_ _a5\"> </span>1,950.4 </span>Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">144.5 <span class=\"_ _3\"> </span>187.9 <span class=\"_ _127\"> </span>332.4 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">227.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _127\"> </span>227.0 </span>Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">16.8 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>16.8 </span>Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">2.2 <span class=\"_ _3\"> </span>133.5 <span class=\"_ _2\"> </span>135.7 </span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>5.7 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>5.7 </span>Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">384.2 <span class=\"_ _125\"> </span>321.4 <span class=\"_ _3\"> </span>705.6 </span>Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">538.2 <span class=\"_ _125\"> </span>706.5 <span class=\"_ _a5\"> </span>1,244.8 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _22\"> </span><span class=\"ls0 ws0\">121.3 <span class=\"_ _3\"> </span>667.4 <span class=\"_ _127\"> </span>788.7 </span>Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _26c\"> </span><span class=\"ff2f ls60\">Concessions, </span>rights, licences Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span>2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">183.0 <span class=\"_ _3\"> </span>766.8 <span class=\"_ _127\"> </span>949.8 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _144\"> </span><span class=\"ls0 ws0\">63.4 <span class=\"_ _12b\"> </span>88.5 <span class=\"_ _127\"> </span>151.9 </span>Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">25.5 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>25.5 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>6.9 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.9 </span>Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">0.9 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>0.9 </span>Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">265.8 <span class=\"_ _125\"> </span>855.3 <span class=\"_ _132\"> </span>1,121.1<span class=\"_ _92\"></span> </span>Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">102.5 <span class=\"_ _3\"> </span>179.1 <span class=\"_ _127\"> </span>281.7 </span>Change in the basis of consolidation <span class=\"_ _31\"> </span><span class=\"ls0 ws0\">37.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _de\"> </span>37.4 </span>Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">12.4 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>12.4 </span>Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _24c\"> </span>8.8 <span class=\"_ _61\"> </span>8.8 </span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.6 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>1.2 </span>Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">144.5 <span class=\"_ _125\"> </span>187.9 <span class=\"_ _3\"> </span><span class=\"ls31\">332.4 </span></span>Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">121.3 <span class=\"_ _125\"> </span>667.4 <span class=\"_ _3\"> </span>788.7 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">80.5 <span class=\"_ _3\"> </span>587.7 <span class=\"_ _127\"> </span>668.1<span class=\"_ _333\"> </span></span>Property<span class=\"_ _14\"></span>, plant and equipment  <span class=\"_ _273\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1ae\"> </span><span class=\"ff2f fs0 ls21a wsb36\">Land and </span>buildings Machin- ery Electrical instal- lations Power lines Office and plant equip- ment Gas pipelines Plants under construc-<span class=\"_ _333\"> </span>tion and project<span class=\"_ _92\"></span>s Total 2022 <span class=\"_ _1\"> </span><span class=\"ls31\">  <span class=\"_ _fd\"> </span>  <span class=\"_ _23\"> </span>  <span class=\"_ _1c5\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _23\"> </span>  <span class=\"_ _fd\"> </span>  <span class=\"_ _2b\"> </span>  </span>Cost as at 1/1 <span class=\"_ _171\"> </span><span class=\"ls0 ws0\">7,992.8 <span class=\"_ _274\"> </span>4,893.6 <span class=\"_ _17a\"> </span>3,911.1 <span class=\"_ _216\"> </span>1,558.2 <span class=\"_ _1e\"> </span>251.7 <span class=\"_ _218\"> </span>760.8 <span class=\"_ _274\"> </span>1,367.9 <span class=\"_ _177\"> </span>20,735.9 </span>Additions from  business acquisitions <span class=\"_ _51\"> </span><span class=\"ls0 ws0\">77.3 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _1e\"> </span>618.8 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>5.9 <span class=\"_ _17\"> </span>702.0 </span>Additions <span class=\"_ _236\"> </span><span class=\"ls0\">140.3 <span class=\"_ _1e\"> </span>151.3 <span class=\"_ _1e2\"> </span>46.0 <span class=\"_ _37\"> </span>15.8 <span class=\"_ _1e2\"> </span>29.7 <span class=\"_ _22d\"> </span>10.7 <span class=\"_ _1e\"> </span>787.0 <span class=\"_ _d8\"> </span>1,180.9 </span>Disposals <span class=\"_ _7a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>8.0 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>48.4 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>48.6 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>7.3 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.7 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>125.5 </span>Reclassifications  <span class=\"_ _24c\"> </span><span class=\"ls0 ws0\">250.2 <span class=\"_ _1e\"> </span>162.5 <span class=\"_ _22d\"> </span>90.4 <span class=\"_ _a7\"> </span>105.0 <span class=\"_ _4d\"> </span>2.5 <span class=\"_ _147\"> </span>3.0 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>613.0 <span class=\"_ _e\"> </span>0.6 </span>Cost as at 31/12 <span class=\"_ _9a\"> </span><span class=\"ls18 ws0\">8,452.6 <span class=\"_ _175\"> </span>5,159.0 <span class=\"_ _175\"> </span>4,617.8 <span class=\"_ _21b\"> </span>1,672.4 <span class=\"_ _1e9\"> </span>276.6 <span class=\"_ _1e9\"> </span>767.9 <span class=\"_ _175\"> </span>1,547.8 <span class=\"_ _b0\"> </span>22,4<span class=\"_ _92\"></span>94.0 </span>Accumulated depreciation  as at 1/1 <span class=\"_ _35\"> </span><span class=\"ls0 ws0\">3,370.0 <span class=\"_ _274\"> </span>2,855.6 <span class=\"_ _17a\"> </span>2,450.2 <span class=\"_ _a\"> </span>854.9 <span class=\"_ _218\"> </span>175.1 <span class=\"_ _1e\"> </span>351.9 <span class=\"_ _147\"> </span>6.2 <span class=\"_ _276\"> </span>10,063.8 </span>Additions from  business acquisitions <span class=\"_ _56\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _1e\"> </span>285.0 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _17\"> </span>285.0 </span>Depreciation <span class=\"_ _16f\"> </span><span class=\"ls0\">109.1 <span class=\"_ _1e\"> </span>113.6 <span class=\"_ _218\"> </span>129.7 <span class=\"_ _37\"> </span>32.3 <span class=\"_ _1e2\"> </span>19.5 <span class=\"_ _22d\"> </span>26.1 <span class=\"_ _147\"> </span>5.9 <span class=\"_ _17\"> </span>436.2 </span>Impairment losses <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">25.3 <span class=\"_ _4d\"> </span>0.3 <span class=\"_ _1e2\"> </span>30.6 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _147\"> </span>1.4 <span class=\"_ _147\"> </span>5.0 <span class=\"_ _b\"> </span>62.8 </span>Reversals of  impairment losses <span class=\"_ _9d\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.2 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>85.9 <span class=\"_ _a8\"> </span>\u2013<span class=\"fsa\"> </span>20.4 <span class=\"_ _a9\"> </span>\u2013<span class=\"fsa\"> </span>4.7 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>129.2 </span>Disposals <span class=\"_ _7a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>34.7 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>43.4 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>5.6 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.8 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.3 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>101.3 </span>Reclassifications  <span class=\"_ _ba\"> </span><span class=\"ls0 ws0\">87.0 <span class=\"_ _147\"> </span>5.3 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>87.0 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _4d\"> </span>0.1 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>5.3 <span class=\"_ _e\"> </span>0.1 </span>Accumulated depreciation  as at 31/12 <span class=\"_ _20a\"> </span><span class=\"ls18 ws0\">3,568.7 <span class=\"_ _183\"> </span>2,854.2 <span class=\"_ _175\"> </span>2,744.8<span class=\"_ _92\"></span> <span class=\"_ _16d\"> </span>876.9 <span class=\"_ _1e9\"> </span>187.9 <span class=\"_ _1e9\"> </span><span class=\"ls31\">373.2 <span class=\"_ _17c\"> </span></span>11.9 <span class=\"_ _b0\"> </span>10,6<span class=\"_ _92\"></span>17.5 </span>Net carrying amount  as at 31/12 <span class=\"_ _20a\"> </span><span class=\"ls18 ws0\">4,883.9 <span class=\"_ _183\"> </span>2,304.8 <span class=\"_ _175\"> </span>1,873.1 <span class=\"_ _151\"> </span>795.5 <span class=\"_ _21d\"> </span>88.7 <span class=\"_ _1e9\"> </span>394.6 <span class=\"_ _175\"> </span>1,535.9 <span class=\"_ _b0\"> </span>11,876.5<span class=\"_ _92\"></span> </span>Net carrying amount  as at 1/1 <span class=\"_ _35\"> </span><span class=\"ls0 ws0\">4,622.8 <span class=\"_ _274\"> </span>2,038.0 <span class=\"_ _17a\"> </span>1,461.0 <span class=\"_ _a\"> </span>703.3 <span class=\"_ _1e2\"> </span>76.5 <span class=\"_ _1e\"> </span>408.9 <span class=\"_ _17a\"> </span>1,361.6 <span class=\"_ _276\"> </span>10,672.1<span class=\"_ _333\"> </span></span>Property<span class=\"_ _14\"></span>, plant and equipment  <span class=\"_ _1c7\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _b2\"> </span><span class=\"ff2f fs0 ls21a wsb36\">Land and </span>buildings Machin- ery Electrical instal- lations Power lines Office and plant equip- ment Gas pipelines Plants under construc-<span class=\"_ _43\"></span> tion and projects Total 2021 <span class=\"_ _1ec\"> </span><span class=\"ls31\">  <span class=\"_ _68\"> </span>  <span class=\"_ _10f\"> </span>  <span class=\"_ _2c\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _10f\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _119\"> </span>  </span>Cost as at 1/1 <span class=\"_ _47\"> </span><span class=\"ls0 ws0\">7,788.3 <span class=\"_ _d8\"> </span>4,603.6 <span class=\"_ _180\"> </span>3,696.2 <span class=\"_ _170\"> </span>1,535.9 <span class=\"_ _1e6\"> </span>202.8 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e6\"> </span>856.5 <span class=\"_ _22b\"> </span>18,683.0 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _b4\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _94\"> </span>\u2013<span class=\"fsa\"> </span>5.1 </span>Additions from  business acquisitions <span class=\"_ _10d\"> </span><span class=\"ls0 ws0\">149.1 <span class=\"_ _1e6\"> </span>182.6 <span class=\"_ _190\"> </span>7.8 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _1e6\"> </span>187.8 <span class=\"_ _1e6\"> </span>754.5 <span class=\"_ _5d\"> </span>39.3 <span class=\"_ _219\"> </span>1,321.0 </span>Additions <span class=\"_ _1d8\"> </span><span class=\"ls0\">21.6 <span class=\"_ _5d\"> </span>32.9 <span class=\"_ _5d\"> </span>65.9 <span class=\"_ _185\"> </span>19.4 <span class=\"_ _1e5\"> </span>21.2 <span class=\"_ _5d\"> </span>10.7 <span class=\"_ _c\"> </span>671.2 <span class=\"_ _16d\"> </span>842.8 </span>Disposals <span class=\"_ _277\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>33.4 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>51.6 <span class=\"_ _37\"> </span>\u2013<span class=\"fsa\"> </span>0.9 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>8.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.6 <span class=\"_ _170\"> </span>\u2013<span class=\"fsa\"> </span>105.3 </span>Reclassifications  <span class=\"_ _16e\"> </span><span class=\"ls0 ws0\">44.3 <span class=\"_ _1e6\"> </span>112.5 <span class=\"_ _1e6\"> </span>193.0 <span class=\"_ _8\"> </span>3.8 <span class=\"_ _21a\"> </span>\u2013<span class=\"fsa\"> </span>151.6 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>4.1 <span class=\"_ _21a\"> </span>\u2013<span class=\"fsa\"> </span>198.4 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span>Cost as at 31/12 <span class=\"_ _50\"> </span><span class=\"ls18 ws0\">7,992.8 <span class=\"_ _bc\"> </span>4,893.6 <span class=\"_ _bc\"> </span>3,911.1 <span class=\"_ _219\"> </span>1,558.2 <span class=\"_ _218\"> </span>251.7 <span class=\"_ _218\"> </span>760.8 <span class=\"_ _bc\"> </span>1,367.9 <span class=\"_ _177\"> </span>20,735.9 </span>Accumulated depreciation  as at 1/1 <span class=\"_ _24b\"> </span><span class=\"ls0 ws0\">3,280.5 <span class=\"_ _180\"> </span>2,675.6 <span class=\"_ _d8\"> </span>2,343.9 <span class=\"_ _21d\"> </span>825.8 <span class=\"_ _c\"> </span>149.4 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _e\"> </span>0.3 <span class=\"_ _21a\"> </span>9,275.4 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _277\"> </span><span class=\"ls0\">0.0 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>2.3 </span>Change in the basis of consolidation <span class=\"_ _20a\"> </span><span class=\"ls0\">48.8 <span class=\"_ _1e6\"> </span>101.4 <span class=\"_ _190\"> </span>0.2 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _1e6\"> </span>130.3 <span class=\"_ _1e6\"> </span>341.9 <span class=\"_ _190\"> </span>1.9 <span class=\"_ _16d\"> </span>624.5 </span>Depreciation <span class=\"_ _19f\"> </span><span class=\"ls0\">96.2 <span class=\"_ _1e5\"> </span>98.7 <span class=\"_ _1e6\"> </span>121.9 <span class=\"_ _185\"> </span>30.1 <span class=\"_ _5d\"> </span>13.6 <span class=\"_ _1e5\"> </span>14.8 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _16d\"> </span>375.3 </span>Impairment losses <span class=\"_ _24c\"> </span><span class=\"ls0 ws0\">0.3 <span class=\"_ _4d\"> </span>0.2 <span class=\"_ _190\"> </span>0.1 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.5 <span class=\"_ _5\"> </span>1.1 </span>Reversals of  impairment losses <span class=\"_ _125\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>46.4 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>53.1 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>9.3 <span class=\"_ _1e8\"> </span>\u2013<span class=\"fsa\"> </span>1.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _170\"> </span>\u2013<span class=\"fsa\"> </span>110.2 </span>Disposals <span class=\"_ _277\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>9.5 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>30.6 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>51.0 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>8.4 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e7\"> </span>\u2013<span class=\"fsa\"> </span>99.8 </span>Reclassifications  <span class=\"_ _1da\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _5d\"> </span>65.8 <span class=\"_ _1e5\"> </span>44.5 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _21b\"> </span>\u2013<span class=\"fsa\"> </span>109.8 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _190\"> </span>3.9 <span class=\"_ _5\"> </span>0.0 </span>Accumulated depreciation  as at 31/12 <span class=\"_ _fe\"> </span><span class=\"ls35 ws0\">3,370.0 <span class=\"_ _17a\"> </span><span class=\"ls18\">2,85<span class=\"_ _92\"></span>5.6 <span class=\"_ _17a\"> </span>2,45<span class=\"_ _92\"></span>0.2 <span class=\"_ _a7\"> </span>854.9 <span class=\"_ _218\"> </span>175.1 <span class=\"_ _218\"> </span>351.9 <span class=\"_ _147\"> </span>6.2 <span class=\"_ _177\"> </span>10,063.8 </span></span>Net carrying amount  as at 31/12 <span class=\"_ _fe\"> </span><span class=\"ls18 ws0\">4,622.8<span class=\"_ _92\"></span> <span class=\"_ _17a\"> </span>2,038.<span class=\"_ _92\"></span>0 <span class=\"_ _17a\"> </span>1,461.<span class=\"_ _92\"></span>0 <span class=\"_ _a\"> </span><span class=\"ls31\">703.3 <span class=\"_ _1e2\"> </span></span>76.5 <span class=\"_ _218\"> </span>408.9 <span class=\"_ _278\"> </span>1,361.6 <span class=\"_ _177\"> </span>10,672.<span class=\"_ _92\"></span>1 </span>Net carrying amount  as at 1/1 <span class=\"_ _24b\"> </span><span class=\"ls0 ws0\">4,507.8 <span class=\"_ _180\"> </span>1,928.0 <span class=\"_ _d8\"> </span>1,352.3 <span class=\"_ _21d\"> </span>710.1 <span class=\"_ _1e5\"> </span>53.4 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _c\"> </span>856.2 <span class=\"_ _21a\"> </span>9,407.6<span class=\"_ _333\"> </span></span>Right<span class=\"_ _92\"></span>-of-use assets <span class=\"_ _44\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _45\"> </span><span class=\"ls31\">\u20acm </span></span>Land and buildings Electrical installations P<span class=\"_ _92\"></span>ower lines Operating and office equipment To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> As at 1/1/2022 <span class=\"_ _1a2\"> </span><span class=\"ls0 ws0\">73.1 <span class=\"_ _3\"> </span>7.7 <span class=\"_ _69\"> </span>19.5 <span class=\"_ _3\"> </span>3.6 <span class=\"_ _66\"> </span>103.8 </span>Additions from  business acquisition <span class=\"_ _181\"> </span><span class=\"ls0 ws0\">13.4 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _6a\"> </span>13.4 </span>Additions <span class=\"_ _280\"> </span><span class=\"ls0\">35.6 <span class=\"_ _3\"> </span>2.1 <span class=\"_ _3\"> </span>0.6 <span class=\"_ _53\"> </span>2.5 <span class=\"_ _15f\"> </span>40.7 </span>Depreciation <span class=\"_ _168\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>7.5 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>9.7 </span>Disposals <span class=\"_ _f8\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _69\"> </span>\u2013<span class=\"fsa\"> </span>1.6 </span>As at 31/12/20<span class=\"_ _43\"></span>22 <span class=\"_ _281\"> </span><span class=\"ls49 ws0\">113.1 <span class=\"_ _53\"> </span><span class=\"ls18\">9.2 <span class=\"_ _59\"> </span>20.0 <span class=\"_ _53\"> </span>4.4 <span class=\"_ _26\"> </span>146.6 </span></span>Right<span class=\"_ _92\"></span>-of-use assets <span class=\"_ _44\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _45\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1a5\"> </span><span class=\"ls61 ws20\">Land and </span>buildings Electrical installations P<span class=\"_ _92\"></span>ower lines <span class=\"_ _b0\"> </span><span class=\"lscc ws1d\">Operating and </span>office equipment To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> As at 1/1/2021 <span class=\"_ _1a2\"> </span><span class=\"ls0 ws0\">85.9 <span class=\"_ _3\"> </span>7.8 <span class=\"_ _69\"> </span>14.0 <span class=\"_ _3\"> </span>3.0 <span class=\"_ _66\"> </span>110.7 </span>Additions from  business acquisition <span class=\"_ _281\"> </span><span class=\"ls0 ws0\">3.3 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>3.3 </span>Additions <span class=\"_ _280\"> </span><span class=\"ls0\">12.3 <span class=\"_ _3\"> </span>0.4 <span class=\"_ _3\"> </span>5.5 <span class=\"_ _53\"> </span>2.0 <span class=\"_ _15f\"> </span>20.3 </span>Depreciation <span class=\"_ _234\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>27.7 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.4 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>29.6 </span>Disposals <span class=\"_ _f8\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.7 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _69\"> </span>\u2013<span class=\"fsa\"> </span>0.7 </span>As at 31/12/20<span class=\"_ _43\"></span>21 <span class=\"_ _156\"> </span><span class=\"ls49 ws0\">73.1 <span class=\"_ _53\"> </span><span class=\"ls18\">7.7 <span class=\"_ _59\"> </span>19.5 <span class=\"_ _53\"> </span><span class=\"ls31\">3.6 <span class=\"_ _2c\"> </span></span></span>103.8 </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "<div class=\"t m0 hd ff2b fs6 fc0 sc0 ls146 ws674 gs357\">Impairment losses and r<span class=\"_ _92\"></span>eversals <span class=\"_ _92\"></span>of impairment losses <span class=\"_ _168\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs358\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs359\">Mellach combined cycle gas turbine po<span class=\"_ _92\"></span>wer plant<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs35a\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs35b\"> <span class=\"_ _10b\"> </span><span class=\"fc4\">25.2 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">129.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs35c\">Deferred grants fo<span class=\"_ _92\"></span>r the Mellach combined cycle gas turbine po<span class=\"_ _92\"></span>wer plant<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs35d\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs35e\"> <span class=\"_ _b5\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>0.7 <span class=\"_ _9c\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws24 gs35f\">Gratkorn po<span class=\"_ _92\"></span>wer plant on the Mur Ri<span class=\"_ _92\"></span>ver<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs360\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs361\"> <span class=\"_ _48\"> </span><span class=\"fc4\">0.0 <span class=\"_ _53\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">11.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs362\">Accrued construction cost<span class=\"ls27 ws27\"> contributions for th<span class=\"_ _92\"></span>e  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws24 gs363\">Gratkorn po<span class=\"_ _92\"></span>wer plant on the Mur Ri<span class=\"_ _92\"></span>ver<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs364\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs365\"> <span class=\"_ _48\"> </span><span class=\"fc4\">0.0 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">0.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs366\">Goodwill of Gas Connect Austria<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs367\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs368\"> <span class=\"_ _241\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>8.8 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">39.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs369\">Gas Connect Austria <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">2.2 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs36a\">Goodwill Spanish renewables portfolio<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs36b\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs36c\"> <span class=\"_ _cc\"> </span><span class=\"fc4\">0.0 <span class=\"_ _53\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">94.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs36d\">Cash-generating units in the Spani<span class=\"_ _92\"></span>sh renewables portfolio<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs36e\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs36f\"> <span class=\"_ _149\"> </span><span class=\"fc4\">0.0 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> <span class=\"_ _92\"></span><span class=\"fs8 ls18\">51.7 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs370\">Romanian wind farms <span class=\"_ _249\"> </span><span class=\"fc4 ls0 ws0\">58.3 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs371\">Malta and Reisseck storag<span class=\"_ _92\"></span>e group <span class=\"_ _1d2\"> </span><span class=\"fc4 ls0 ws0\">11.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs372\">Zemm-Ziller storage <span class=\"_ _92\"></span>group <span class=\"_ _212\"> </span><span class=\"fc4 ls0 ws0\">9.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs373\">Gries run-of-river po<span class=\"_ _92\"></span>wer plant <span class=\"_ _10a\"> </span><span class=\"fc4 ls0 ws0\">6.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs374\">Deferred contributions to building c<span class=\"_ _92\"></span>ost<span class=\"ls34 ws32\">s for the Gries run-of-river pow<span class=\"_ _92\"></span>er plant <span class=\"_ _18d\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs375\">Graz pow<span class=\"_ _92\"></span>er plant on the Mur River <span class=\"_ _e8\"> </span><span class=\"fc4 ls0 ws0\">6.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs376\">Other <span class=\"_ _1f3\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>1.1 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs377\">Impairment losses and rev<span class=\"_ _92\"></span>ersals of impairment losses <span class=\"_ _28\"> </span><span class=\"fc4 ls18 ws0\">105.1 <span class=\"_ _3c\"> </span><span class=\"ff2c fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">71.8 </span></span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs378\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls55 ws57 gs379\"> see section 4<span class=\"_ _43\"></span>.4.2 Impair<span class=\"_ _43\"></span>ment testin<span class=\"_ _43\"></span>g of power<span class=\"_ _43\"></span> plants for<span class=\"_ _43\"></span> details <span class=\"_ _43\"></span>on the chan<span class=\"_ _43\"></span>ges in valu<span class=\"_ _43\"></span>e of the Me<span class=\"_ _43\"></span>llach co<span class=\"_ _43\"></span>mbined cycle<span class=\"_ _43\"></span> gas tur<span class=\"ls200 wsb0d\">bine<span class=\"_ _43\"></span> power plant an<span class=\"_ _43\"></span>d the Gratkorn<span class=\"_ _43\"></span> power plant </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4b ws4d gs37a\">on the Mur River<span class=\"_ _43\"></span> as well as on th<span class=\"_ _43\"></span>e cash-gener<span class=\"_ _43\"></span>ating units (CGUs) <span class=\"_ _43\"></span>of the Spanis<span class=\"_ _43\"></span>h renewables por<span class=\"_ _43\"></span>tfolio // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs37b\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls51 ws53 gs37c\"> see secti<span class=\"_ _43\"></span>on 4.4.1 I<span class=\"_ _43\"></span>mpairment t<span class=\"_ _43\"></span>esting of g<span class=\"_ _43\"></span>oodwill f<span class=\"_ _43\"></span>or details<span class=\"_ _43\"></span> on changes<span class=\"_ _43\"></span> </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4d ws4f gs37d\">in the valu<span class=\"_ _43\"></span>e of goodw<span class=\"_ _43\"></span>il<span class=\"_ _333\"> </span>l </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls129 ws552 gs383\">3.2.10  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsaf ws1e6 gs384\">Impairment losses </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls150 ws699 gs385\">and reversa<span class=\"_ _43\"></span>ls of<span class=\"_ _43\"></span> </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls85 ws9c gs386\">impairment losses </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws4a8 gs3bf\">The impairment in the financial r<span class=\"_ _92\"></span>e<span class=\"ls63 ws7bc\">sult for the 2022 reporting period re<span class=\"lsab ws1f8\">lates to the investmen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s in Trans </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls95 wsb14 gs3c0\">Austria G<span class=\"_ _92\"></span>asleitung GmbH (<span class=\"_ _43\"></span>T<span class=\"_ _14\"></span>AG) and Ashta Beteil<span class=\"ls26 ws7ca\">igungsverwaltung GmbH, w<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ich are acco<span class=\"_ _92\"></span>unted for </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws65 gs3c1\">using the equity method<span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws282 gs3c2\">Ma<span class=\"_ _92\"></span>jor changes in the energ<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> industry environm<span class=\"_ _92\"></span>ent, in particular the significan<span class=\"_ _92\"></span>t increase in electricity </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws81 gs3bd\">and gas prices<span class=\"_ _92\"></span>, prompted T<span class=\"_ _14\"></span>AG to conduct an impairment tes<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span> </div>3.2.16  Impairment losses and reversa<span class=\"_ _43\"></span>ls of<span class=\"_ _43\"></span> impairment losses<span class=\"_ _333\"> </span>Impairment test \u2013 T<span class=\"_ _80\"></span>rans Austria Gasleitung <span class=\"_ _92\"></span>GmbH    <span class=\"_ _173\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _16\"> </span><span class=\"fc4 ls27 ws27\">Trans Austria Gasleitung GmbH,  </span>Austrian transmission system opera<span class=\"_ _92\"></span>tor Trans Austria Gasl<span class=\"ls19 ws33\">eitung GmbH,  </span>Austrian transmission system operator<span class=\"_ _92\"></span> T<span class=\"_ _14\"></span>riggering event for  (an increase in) impairment Significant changes in the  energy industry environment Significant changes in the  energy industry environment Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _a7\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _219\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls1c ws1d\">Trans Austria Gasleitung GmbH budgets </span>(based primarily on near-market data) Trans Austria Gaslei<span class=\"ls5b ws2e\">tung GmbH budgets </span>(based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _65\"> </span><span class=\"fc4 ls9c ws190\">Capacity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _214\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariff<span class=\"_ _92\"></span>s published by the regulator <span class=\"_ _177\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by<span class=\"_ _43\"></span> the </span></span>regulator Planning period <span class=\"_ _23\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years;  </span>rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d8\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _1e\"> </span><span class=\"fc4 ls59 ws0\">\u20ac51.6m <span class=\"_ _1aa\"> </span><span class=\"ff2f fc0 ls18\">\u20ac21.9m </span></span>Impairment losses  during the period<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">18.3m <span class=\"_ _256\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span>46.2m </span></span>1 Impairment incl. tax gro<span class=\"_ _92\"></span>ss<span class=\"_ _43\"></span> up. An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognised in the 2022 re<span class=\"_ _92\"></span>porting period in the amount of \u20ac3<span class=\"ls1c9 wsa4d\">.3m as at 30 June 2022.<span class=\"_ _92\"></span> As at 31 December </span>2022, the impairm<span class=\"_ _92\"></span>ent<span class=\"_ _43\"></span> recognised during the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>year increased to \u20ac46.<span class=\"_ _92\"></span>2m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws63a gs3f3\">Sensitivity analysis f<span class=\"_ _92\"></span>or T<span class=\"_ _14\"></span>rans <span class=\"ls85 wsd6\">Austria Gasleitung GmbH<span class=\"_ _92\"></span> 31/12/2022</span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gs3f4\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs3f5\">V<span class=\"_ _92\"></span>alue assigned to the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs3f6\">ke<span class=\"_ _92\"></span>y valuation assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs3f7\">Change in ke<span class=\"_ _92\"></span>y </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws5a6 gs3f8\">valuation assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs3f9\">Effects on the carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs3fa\">amounts of assets </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs3fb\">After-tax di<span class=\"_ _92\"></span>scount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs3fc\">(Please refer to  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ef wsb17 gs3fd\">the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs3fe\">\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">0.5m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs3ff\">\u20ac+<span class=\"fsa\"> </span>0.5m </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs400\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 lsce ws261 gs401\"> In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls55 ws57 gs402\">key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"ls136 wsb12\">ation of the effe<span class=\"_ _43\"></span>cts.  </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws63a gs403\">Sensitivity analysis f<span class=\"_ _92\"></span>or T<span class=\"_ _14\"></span>rans <span class=\"ls85 wsd6\">Austria Gasleitung GmbH<span class=\"_ _92\"></span> 31/12/2021 </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs404\">  <span class=\"_ _42\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs405\">ke<span class=\"_ _92\"></span>y valuation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1f ws0 gs406\">assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs407\">Change in ke<span class=\"_ _92\"></span>y </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws5a6 gs408\">valuation assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs409\">Effects on the carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs40a\">amounts of assets </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs40b\">After-tax di<span class=\"_ _92\"></span>scount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs40c\">(Please refer to  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ef wsb17 gs40d\">the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs40e\">\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls59 ws5a\">0.9m  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs40f\">\u20ac+<span class=\"fsa\"> </span>0.9m </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls63 ws77 gs410\">The updated electricity price fo<span class=\"ls78 ws6ec\">r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>casts and the discount ra<span class=\"_ _92\"></span>tes adjusted as at 31 <span class=\"_ _88\"></span>December 2022 </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsbc ws5de gs411\">prompted Ashta Beteiligungsverwaltung Gm<span class=\"ls80 wsde\">bH to conduct an impairment test. </span><span class=\"ls80 wsde\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf1 ws844 gs413\">Impairment<span class=\"_ _43\"></span> test \u2013 Ashta Beteil<span class=\"_ _43\"></span>igungsverwaltung GmbH  </div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs414\">  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws43 gs415\">Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls32 ws2e\">VERBUND and EVN AG joint venture that </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws35 gs416\">holds 100 % of the interest in Energji  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls26 ws26 gs417\">Ashta Shpk, which in turn operates<span class=\"_ _92\"></span> a  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws1b gs418\">two-stage Hydromatrix po<span class=\"_ _92\"></span>wer plant  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls25 ws25 gs419\">(installed capacity: 53 MW) in Al<span class=\"_ _92\"></span>bania </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs41a\">VERBUND and EVN AG joint venture that </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gs41b\">holds 100 % of the interest in Energji  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs41c\">Ashta Shpk, which in turn operates a  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls102 ws27 gs41d\">two-stage Hydromatrix power plant  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs41e\">(installed capacity: 53 MW) in Albania </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gs41f\">Indications of a </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs420\">(reduction in) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs421\">impairment </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls62 ws64 gs422\">Updated electricity price forecasts and </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls21 ws22 gs423\">updated discount rate<span class=\"_ _92\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws1d gs424\">Updated electricity <span class=\"lsca ws30\">price forecasts and </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gs425\">updated discount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs426\">Basis for recov<span class=\"_ _92\"></span>erable </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws0 gs427\">amount </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls61 ws62 gs428\">Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs429\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs42a\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls25 ws25\">Budgets o<span class=\"_ _92\"></span>f Energji Ashta Shpk <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls59 ws22\">Budgets of Energji Ashta Shpk </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs42b\">V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls1e ws1f\">The annu<span class=\"_ _92\"></span>al output corresponding to the </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs42c\">mean energy capability of 242 GWh </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs42d\">The annual output corresponding to the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs42e\">mean energy capability of 242 GWh </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs42f\">Price <span class=\"_ _209\"> </span><span class=\"fc4 ls0\">2022\u2013<span class=\"fsa\"> </span><span class=\"ls20 ws21\">2028: Electricity prices based on </span></span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws34 gs430\">purchase agreement with KESH </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs431\">2029\u2013<span class=\"fsa\"> </span><span class=\"ls60 ws61\">2043: Internal price forecasts </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs432\">2023\u2013<span class=\"fsa ls0\"> </span><span class=\"ls46 ws2b\">2028: Electricity prices base<span class=\"_ _92\"></span>d on </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gs433\">purchase agreement with KESH </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs434\">2029\u2013<span class=\"fsa ls0\"> </span><span class=\"ls1f ws959\">2043: Inter<span class=\"_ _92\"></span>nal price forecasts </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs435\">Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls25 ws25\">Detailed planning phase: 1 year;  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws61 gs436\">rough planning phase: 21 years  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2a ws28 gs437\">(long-term reinvestment, repair and </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls34 ws32 gs438\">maintenance cycles for <span class=\"ls148 wsb19\">hydropower plants) </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs439\">Detailed planning phase: 1 year;  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gs43a\">rough planning phase: 20 years  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs43b\">(long-term reinvestment, repair and </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs43c\">maintenance cycles for hydropower </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls9c ws0 gs43d\">plants) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs43e\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs43f\">assumptions </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws61 gs440\">Electricity price forecasts and discount rate <span class=\"_ _183\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price forecasts and discount </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c ws0 gs441\">rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs442\">After-tax di<span class=\"_ _92\"></span>scount rate<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs443\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs444\"> <span class=\"_ _258\"> </span><span class=\"fc4 ls1d ws1e\">WACC after taxes (2022\u2013</span><span class=\"fsa fc4\"> <span class=\"fs8 ls2b ws29\">2028): 7.75 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs445\">WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws29\">2043): 8.50 % </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws91c gs446\">WACC after taxes (2023\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>028): 10.75 % </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c wsa8a gs447\">WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>043): 12.50 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs448\">Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws5e\">\u20ac18.9m  <span class=\"_ _145\"> </span></span><span class=\"ff2f ls18 ws0\">\u20ac19.2m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs449\">Change in value  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws2a gs44a\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs44b\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs44c\">\u20ac+<span class=\"fsa\"> </span>16.8m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls102\">0.3m </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs44d\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls42 ws40 gs44e\"> The iterati<span class=\"_ _92\"></span>vely calculated implicit<span class=\"_ _92\"></span> pre-tax interest rate was 13.79 % (previ<span class=\"_ _92\"></span>ous year: 9.37 %). // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs44f\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls40 wsb05 gs450\"> An impairment loss had<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>lready been rec<span class=\"_ _0\"></span>ognised in the 2022 reporti<span class=\"_ _92\"></span>ng period in </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls53 ws55 gs451\">the amount of \u20ac0.9m as at 30 June<span class=\"_ _92\"></span> 2022. As at 31 December 2022, the impairment re<span class=\"_ _92\"></span>cognised during the year decreased to \u20ac0.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><span class=\"_ _92\"></span> <span class=\"_ _43\"></span> </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsd1 ws2e8 gs453\">Sensitivity analysis f<span class=\"_ _92\"></span>or Ashta Be<span class=\"ls129 ws8df\">teiligungsverw<span class=\"_ _92\"></span>altung GmbH 31/12/2022<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gs454\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs455\">V<span class=\"_ _92\"></span>alue assigned to the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs456\">ke<span class=\"_ _92\"></span>y valuation assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs457\">Change in ke<span class=\"_ _92\"></span>y </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws5a6 gs458\">valuation assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs459\">Effects on the carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs45a\">amounts of assets </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs45b\">Electricity price<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs45c\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs45d\"> <span class=\"_ _be\"> </span><span class=\"ls60 ws61\">\u20ac99.04 per MWh <span class=\"_ _da\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs45e\">\u20ac+<span class=\"fsa\"> </span>3.3m </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs45f\">\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">3.3m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs460\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d4\"> </span><span class=\"ls2b ws29\">10.75 % (12.5 %) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs461\">\u20ac+<span class=\"fsa\"> </span>1.0m </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs462\">\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">1.0m </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs463\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 lsce ws261 gs464\"> In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls55 ws57 gs465\">key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs466\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls205 wsb1a gs467\"> The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls203 wsb16 gs468\">relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n. </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsd1 ws2e8 gs469\">Sensitivity analysis f<span class=\"_ _92\"></span>or Ashta Be<span class=\"ls129 ws8df\">teiligungsverw<span class=\"_ _92\"></span>altung GmbH 31/12/2021 <span class=\"_ _259\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs46a\">V<span class=\"_ _92\"></span>alue assigned to the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs46b\">ke<span class=\"_ _92\"></span>y valuation assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs46c\">Change in ke<span class=\"_ _92\"></span>y </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws5a6 gs46d\">valuation assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs46e\">Effects on the carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs46f\">amounts of assets </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs470\">Electricity price <span class=\"_ _f8\"> </span><span class=\"ls34 ws32\">\u20ac73.2 per MWh <span class=\"_ _d5\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs471\">\u20ac+<span class=\"fsa\"> </span>2.9m </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs472\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.9m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gs473\">After tax discount rate <span class=\"_ _a4\"> </span><span class=\"ls2b ws29\">7.75 % (8.5 %) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs474\">\u20ac+<span class=\"fsa\"> </span>1.0m </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs475\">\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">1.0m<span class=\"_ _333\"> </span></span><span class=\"ls1a\"> </span></div>ntangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>Concessions, rights, licences Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span>2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">265.8 <span class=\"_ _3\"> </span>855.3 <span class=\"_ _59\"> </span>1,121.1 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">618.0 <span class=\"_ _3\"> </span>172.6 <span class=\"_ _2\"> </span>790.7 </span>Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">46.3 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>46.3 </span>Disposals <span class=\"_ _26a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>11.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _16a\"> </span>\u2013<span class=\"fsa\"> </span>11.4 </span>Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">3.7 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>3.7 </span>Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">922.5 <span class=\"_ _66\"> </span>1,027.9 <span class=\"_ _a5\"> </span>1,950.4 </span>Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">144.5 <span class=\"_ _3\"> </span>187.9 <span class=\"_ _127\"> </span>332.4 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">227.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _127\"> </span>227.0 </span>Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">16.8 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>16.8 </span>Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">2.2 <span class=\"_ _3\"> </span>133.5 <span class=\"_ _2\"> </span>135.7 </span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>5.7 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>5.7 </span>Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">384.2 <span class=\"_ _125\"> </span>321.4 <span class=\"_ _3\"> </span>705.6 </span>Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">538.2 <span class=\"_ _125\"> </span>706.5 <span class=\"_ _a5\"> </span>1,244.8 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _22\"> </span><span class=\"ls0 ws0\">121.3 <span class=\"_ _3\"> </span>667.4 <span class=\"_ _127\"> </span>788.7 </span>Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _26c\"> </span><span class=\"ff2f ls60\">Concessions, </span>rights, licences Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span>2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">183.0 <span class=\"_ _3\"> </span>766.8 <span class=\"_ _127\"> </span>949.8 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _144\"> </span><span class=\"ls0 ws0\">63.4 <span class=\"_ _12b\"> </span>88.5 <span class=\"_ _127\"> </span>151.9 </span>Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">25.5 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>25.5 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>6.9 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.9 </span>Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">0.9 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>0.9 </span>Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">265.8 <span class=\"_ _125\"> </span>855.3 <span class=\"_ _132\"> </span>1,121.1<span class=\"_ _92\"></span> </span>Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">102.5 <span class=\"_ _3\"> </span>179.1 <span class=\"_ _127\"> </span>281.7 </span>Change in the basis of consolidation <span class=\"_ _31\"> </span><span class=\"ls0 ws0\">37.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _de\"> </span>37.4 </span>Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">12.4 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>12.4 </span>Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _24c\"> </span>8.8 <span class=\"_ _61\"> </span>8.8 </span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.6 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>1.2 </span>Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">144.5 <span class=\"_ _125\"> </span>187.9 <span class=\"_ _3\"> </span><span class=\"ls31\">332.4 </span></span>Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">121.3 <span class=\"_ _125\"> </span>667.4 <span class=\"_ _3\"> </span>788.7 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">80.5 <span class=\"_ _3\"> </span>587.7 <span class=\"_ _127\"> </span>668.1<span class=\"_ _333\"> </span></span>Property<span class=\"_ _14\"></span>, plant and equipment  <span class=\"_ _273\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1ae\"> </span><span class=\"ff2f fs0 ls21a wsb36\">Land and </span>buildings Machin- ery Electrical instal- lations Power lines Office and plant equip- ment Gas pipelines Plants under construc-<span class=\"_ _333\"> </span>tion and project<span class=\"_ _92\"></span>s Total 2022 <span class=\"_ _1\"> </span><span class=\"ls31\">  <span class=\"_ _fd\"> </span>  <span class=\"_ _23\"> </span>  <span class=\"_ _1c5\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _23\"> </span>  <span class=\"_ _fd\"> </span>  <span class=\"_ _2b\"> </span>  </span>Cost as at 1/1 <span class=\"_ _171\"> </span><span class=\"ls0 ws0\">7,992.8 <span class=\"_ _274\"> </span>4,893.6 <span class=\"_ _17a\"> </span>3,911.1 <span class=\"_ _216\"> </span>1,558.2 <span class=\"_ _1e\"> </span>251.7 <span class=\"_ _218\"> </span>760.8 <span class=\"_ _274\"> </span>1,367.9 <span class=\"_ _177\"> </span>20,735.9 </span>Additions from  business acquisitions <span class=\"_ _51\"> </span><span class=\"ls0 ws0\">77.3 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _1e\"> </span>618.8 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>5.9 <span class=\"_ _17\"> </span>702.0 </span>Additions <span class=\"_ _236\"> </span><span class=\"ls0\">140.3 <span class=\"_ _1e\"> </span>151.3 <span class=\"_ _1e2\"> </span>46.0 <span class=\"_ _37\"> </span>15.8 <span class=\"_ _1e2\"> </span>29.7 <span class=\"_ _22d\"> </span>10.7 <span class=\"_ _1e\"> </span>787.0 <span class=\"_ _d8\"> </span>1,180.9 </span>Disposals <span class=\"_ _7a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>8.0 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>48.4 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>48.6 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>7.3 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.7 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>125.5 </span>Reclassifications  <span class=\"_ _24c\"> </span><span class=\"ls0 ws0\">250.2 <span class=\"_ _1e\"> </span>162.5 <span class=\"_ _22d\"> </span>90.4 <span class=\"_ _a7\"> </span>105.0 <span class=\"_ _4d\"> </span>2.5 <span class=\"_ _147\"> </span>3.0 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>613.0 <span class=\"_ _e\"> </span>0.6 </span>Cost as at 31/12 <span class=\"_ _9a\"> </span><span class=\"ls18 ws0\">8,452.6 <span class=\"_ _175\"> </span>5,159.0 <span class=\"_ _175\"> </span>4,617.8 <span class=\"_ _21b\"> </span>1,672.4 <span class=\"_ _1e9\"> </span>276.6 <span class=\"_ _1e9\"> </span>767.9 <span class=\"_ _175\"> </span>1,547.8 <span class=\"_ _b0\"> </span>22,4<span class=\"_ _92\"></span>94.0 </span>Accumulated depreciation  as at 1/1 <span class=\"_ _35\"> </span><span class=\"ls0 ws0\">3,370.0 <span class=\"_ _274\"> </span>2,855.6 <span class=\"_ _17a\"> </span>2,450.2 <span class=\"_ _a\"> </span>854.9 <span class=\"_ _218\"> </span>175.1 <span class=\"_ _1e\"> </span>351.9 <span class=\"_ _147\"> </span>6.2 <span class=\"_ _276\"> </span>10,063.8 </span>Additions from  business acquisitions <span class=\"_ _56\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _1e\"> </span>285.0 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _17\"> </span>285.0 </span>Depreciation <span class=\"_ _16f\"> </span><span class=\"ls0\">109.1 <span class=\"_ _1e\"> </span>113.6 <span class=\"_ _218\"> </span>129.7 <span class=\"_ _37\"> </span>32.3 <span class=\"_ _1e2\"> </span>19.5 <span class=\"_ _22d\"> </span>26.1 <span class=\"_ _147\"> </span>5.9 <span class=\"_ _17\"> </span>436.2 </span>Impairment losses <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">25.3 <span class=\"_ _4d\"> </span>0.3 <span class=\"_ _1e2\"> </span>30.6 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _147\"> </span>1.4 <span class=\"_ _147\"> </span>5.0 <span class=\"_ _b\"> </span>62.8 </span>Reversals of  impairment losses <span class=\"_ _9d\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.2 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>85.9 <span class=\"_ _a8\"> </span>\u2013<span class=\"fsa\"> </span>20.4 <span class=\"_ _a9\"> </span>\u2013<span class=\"fsa\"> </span>4.7 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>129.2 </span>Disposals <span class=\"_ _7a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>34.7 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>43.4 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>5.6 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.8 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.3 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>101.3 </span>Reclassifications  <span class=\"_ _ba\"> </span><span class=\"ls0 ws0\">87.0 <span class=\"_ _147\"> </span>5.3 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>87.0 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _4d\"> </span>0.1 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>5.3 <span class=\"_ _e\"> </span>0.1 </span>Accumulated depreciation  as at 31/12 <span class=\"_ _20a\"> </span><span class=\"ls18 ws0\">3,568.7 <span class=\"_ _183\"> </span>2,854.2 <span class=\"_ _175\"> </span>2,744.8<span class=\"_ _92\"></span> <span class=\"_ _16d\"> </span>876.9 <span class=\"_ _1e9\"> </span>187.9 <span class=\"_ _1e9\"> </span><span class=\"ls31\">373.2 <span class=\"_ _17c\"> </span></span>11.9 <span class=\"_ _b0\"> </span>10,6<span class=\"_ _92\"></span>17.5 </span>Net carrying amount  as at 31/12 <span class=\"_ _20a\"> </span><span class=\"ls18 ws0\">4,883.9 <span class=\"_ _183\"> </span>2,304.8 <span class=\"_ _175\"> </span>1,873.1 <span class=\"_ _151\"> </span>795.5 <span class=\"_ _21d\"> </span>88.7 <span class=\"_ _1e9\"> </span>394.6 <span class=\"_ _175\"> </span>1,535.9 <span class=\"_ _b0\"> </span>11,876.5<span class=\"_ _92\"></span> </span>Net carrying amount  as at 1/1 <span class=\"_ _35\"> </span><span class=\"ls0 ws0\">4,622.8 <span class=\"_ _274\"> </span>2,038.0 <span class=\"_ _17a\"> </span>1,461.0 <span class=\"_ _a\"> </span>703.3 <span class=\"_ _1e2\"> </span>76.5 <span class=\"_ _1e\"> </span>408.9 <span class=\"_ _17a\"> </span>1,361.6 <span class=\"_ _276\"> </span>10,672.1<span class=\"_ _333\"> </span></span>Property<span class=\"_ _14\"></span>, plant and equipment  <span class=\"_ _1c7\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _b2\"> </span><span class=\"ff2f fs0 ls21a wsb36\">Land and </span>buildings Machin- ery Electrical instal- lations Power lines Office and plant equip- ment Gas pipelines Plants under construc-<span class=\"_ _43\"></span> tion and projects Total 2021 <span class=\"_ _1ec\"> </span><span class=\"ls31\">  <span class=\"_ _68\"> </span>  <span class=\"_ _10f\"> </span>  <span class=\"_ _2c\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _10f\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _119\"> </span>  </span>Cost as at 1/1 <span class=\"_ _47\"> </span><span class=\"ls0 ws0\">7,788.3 <span class=\"_ _d8\"> </span>4,603.6 <span class=\"_ _180\"> </span>3,696.2 <span class=\"_ _170\"> </span>1,535.9 <span class=\"_ _1e6\"> </span>202.8 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e6\"> </span>856.5 <span class=\"_ _22b\"> </span>18,683.0 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _b4\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _94\"> </span>\u2013<span class=\"fsa\"> </span>5.1 </span>Additions from  business acquisitions <span class=\"_ _10d\"> </span><span class=\"ls0 ws0\">149.1 <span class=\"_ _1e6\"> </span>182.6 <span class=\"_ _190\"> </span>7.8 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _1e6\"> </span>187.8 <span class=\"_ _1e6\"> </span>754.5 <span class=\"_ _5d\"> </span>39.3 <span class=\"_ _219\"> </span>1,321.0 </span>Additions <span class=\"_ _1d8\"> </span><span class=\"ls0\">21.6 <span class=\"_ _5d\"> </span>32.9 <span class=\"_ _5d\"> </span>65.9 <span class=\"_ _185\"> </span>19.4 <span class=\"_ _1e5\"> </span>21.2 <span class=\"_ _5d\"> </span>10.7 <span class=\"_ _c\"> </span>671.2 <span class=\"_ _16d\"> </span>842.8 </span>Disposals <span class=\"_ _277\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>33.4 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>51.6 <span class=\"_ _37\"> </span>\u2013<span class=\"fsa\"> </span>0.9 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>8.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.6 <span class=\"_ _170\"> </span>\u2013<span class=\"fsa\"> </span>105.3 </span>Reclassifications  <span class=\"_ _16e\"> </span><span class=\"ls0 ws0\">44.3 <span class=\"_ _1e6\"> </span>112.5 <span class=\"_ _1e6\"> </span>193.0 <span class=\"_ _8\"> </span>3.8 <span class=\"_ _21a\"> </span>\u2013<span class=\"fsa\"> </span>151.6 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>4.1 <span class=\"_ _21a\"> </span>\u2013<span class=\"fsa\"> </span>198.4 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span>Cost as at 31/12 <span class=\"_ _50\"> </span><span class=\"ls18 ws0\">7,992.8 <span class=\"_ _bc\"> </span>4,893.6 <span class=\"_ _bc\"> </span>3,911.1 <span class=\"_ _219\"> </span>1,558.2 <span class=\"_ _218\"> </span>251.7 <span class=\"_ _218\"> </span>760.8 <span class=\"_ _bc\"> </span>1,367.9 <span class=\"_ _177\"> </span>20,735.9 </span>Accumulated depreciation  as at 1/1 <span class=\"_ _24b\"> </span><span class=\"ls0 ws0\">3,280.5 <span class=\"_ _180\"> </span>2,675.6 <span class=\"_ _d8\"> </span>2,343.9 <span class=\"_ _21d\"> </span>825.8 <span class=\"_ _c\"> </span>149.4 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _e\"> </span>0.3 <span class=\"_ _21a\"> </span>9,275.4 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _277\"> </span><span class=\"ls0\">0.0 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>2.3 </span>Change in the basis of consolidation <span class=\"_ _20a\"> </span><span class=\"ls0\">48.8 <span class=\"_ _1e6\"> </span>101.4 <span class=\"_ _190\"> </span>0.2 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _1e6\"> </span>130.3 <span class=\"_ _1e6\"> </span>341.9 <span class=\"_ _190\"> </span>1.9 <span class=\"_ _16d\"> </span>624.5 </span>Depreciation <span class=\"_ _19f\"> </span><span class=\"ls0\">96.2 <span class=\"_ _1e5\"> </span>98.7 <span class=\"_ _1e6\"> </span>121.9 <span class=\"_ _185\"> </span>30.1 <span class=\"_ _5d\"> </span>13.6 <span class=\"_ _1e5\"> </span>14.8 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _16d\"> </span>375.3 </span>Impairment losses <span class=\"_ _24c\"> </span><span class=\"ls0 ws0\">0.3 <span class=\"_ _4d\"> </span>0.2 <span class=\"_ _190\"> </span>0.1 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.5 <span class=\"_ _5\"> </span>1.1 </span>Reversals of  impairment losses <span class=\"_ _125\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>46.4 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>53.1 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>9.3 <span class=\"_ _1e8\"> </span>\u2013<span class=\"fsa\"> </span>1.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _170\"> </span>\u2013<span class=\"fsa\"> </span>110.2 </span>Disposals <span class=\"_ _277\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>9.5 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>30.6 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>51.0 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>8.4 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e7\"> </span>\u2013<span class=\"fsa\"> </span>99.8 </span>Reclassifications  <span class=\"_ _1da\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _5d\"> </span>65.8 <span class=\"_ _1e5\"> </span>44.5 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _21b\"> </span>\u2013<span class=\"fsa\"> </span>109.8 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _190\"> </span>3.9 <span class=\"_ _5\"> </span>0.0 </span>Accumulated depreciation  as at 31/12 <span class=\"_ _fe\"> </span><span class=\"ls35 ws0\">3,370.0 <span class=\"_ _17a\"> </span><span class=\"ls18\">2,85<span class=\"_ _92\"></span>5.6 <span class=\"_ _17a\"> </span>2,45<span class=\"_ _92\"></span>0.2 <span class=\"_ _a7\"> </span>854.9 <span class=\"_ _218\"> </span>175.1 <span class=\"_ _218\"> </span>351.9 <span class=\"_ _147\"> </span>6.2 <span class=\"_ _177\"> </span>10,063.8 </span></span>Net carrying amount  as at 31/12 <span class=\"_ _fe\"> </span><span class=\"ls18 ws0\">4,622.8<span class=\"_ _92\"></span> <span class=\"_ _17a\"> </span>2,038.<span class=\"_ _92\"></span>0 <span class=\"_ _17a\"> </span>1,461.<span class=\"_ _92\"></span>0 <span class=\"_ _a\"> </span><span class=\"ls31\">703.3 <span class=\"_ _1e2\"> </span></span>76.5 <span class=\"_ _218\"> </span>408.9 <span class=\"_ _278\"> </span>1,361.6 <span class=\"_ _177\"> </span>10,672.<span class=\"_ _92\"></span>1 </span>Net carrying amount  as at 1/1 <span class=\"_ _24b\"> </span><span class=\"ls0 ws0\">4,507.8 <span class=\"_ _180\"> </span>1,928.0 <span class=\"_ _d8\"> </span>1,352.3 <span class=\"_ _21d\"> </span>710.1 <span class=\"_ _1e5\"> </span>53.4 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _c\"> </span>856.2 <span class=\"_ _21a\"> </span>9,407.6<span class=\"_ _333\"> </span></span>4.4.1 Impairment testin<span class=\"_ _92\"></span>g of goodwill<span class=\"_ _333\"> </span> For the purpose of impairment test<span class=\"_ _43\"></span>ing, VERBUND\u2019<span class=\"_ _92\"></span><span class=\"ls77 wsb41\">s goodw<span class=\"_ _43\"></span>ill was allocated to the following cash<span class=\"_ _43\"></span>-<span class=\"_ _333\"> </span></span>genera<span class=\"_ _0\"></span>ting units or gr<span class=\"_ _92\"></span>oups of cash-genera<span class=\"_ _92\"></span>ting units<span class=\"_ _43\"></span>: Goodwill<span class=\"_ _92\"></span> <span class=\"_ _283\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Hydro segment<span class=\"_ _92\"></span> <span class=\"_ _284\"> </span><span class=\"fc4 ls0 ws0\">287.0 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">287.0 </span></span>Sales segment <span class=\"_ _24d\"> </span><span class=\"fc4 ls0 ws0\">13.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>3.0 </span></span>Inn River po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _26b\"> </span><span class=\"fc4 ls0 ws0\">126.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">126.6 </span></span>Grenzkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _4\"> </span><span class=\"fc4 ls0 ws0\">161.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">161.1 </span></span>Gas Connect Austria <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">39.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG <span class=\"_ _ed\"> </span><span class=\"fc4 ls0 ws0\">40.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">40.5 </span></span>Spanish renewa<span class=\"_ _92\"></span>bles portfolio<span class=\"_ _333\"> </span>1 <span class=\"_ _285\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">78.4 </span>Goodwill <span class=\"_ _286\"> </span><span class=\"fc4 ls18\">667.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">706.6</span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span>1 Details regardin<span class=\"_ _92\"></span>g the goodwill recognised for the first time i<span class=\"_ _92\"></span>n<span class=\"_ _43\"></span> the 2022 reporting perio<span class=\"_ _92\"></span>d can be found in the section entitled<span class=\"ls144 wsb43\"> Business acquisition<span class=\"_ _43\"></span>s<span class=\"_ _333\"> </span></span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Hy<span class=\"_ _92\"></span>dro segment <span class=\"_ _f6\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls21 ws22\">Average <span class=\"_ _92\"></span>expected generation of the </span>respective power plant<span class=\"_ _92\"></span>s Average expected generation of the respective power plants Price <span class=\"_ _209\"> </span><span class=\"fc4 ls1e ws63\">Internal price fore<span class=\"_ _92\"></span>casts and power  </span>plant-specific premiums or discounts  (for example, the <span class=\"_ _92\"></span>sale of guarantees of origin) Internal price forecasts and power  plant-specific premiums or discounts  (for example, the sale of guarantees of origin) Planning period<span class=\"_ _333\"> </span>1 <span class=\"_ _39\"> </span><span class=\"fc4 ls1c ws1d\">Detailed planning phase: up <span class=\"_ _92\"></span>to a maximum </span>of 6 years depending on the specific  power plant; rough plannin<span class=\"_ _92\"></span>g phase: up to  a maximum of 23 years depending on the specific power plant; <span class=\"ls149 wsb44\">subsequent termina<span class=\"_ _43\"></span>l </span>value phase following<span class=\"ls62 ws64\"> rough planni<span class=\"_ _92\"></span>ng  </span>phase depending on the s<span class=\"_ _92\"></span>pecific  power plant Detailed planning phase: up to a maximum of 6 years depending on the sp<span class=\"_ _92\"></span>ecific power plant; rough planning phase: up to a maximum of 32 years depending on the specific power plant; subsequent terminal value phase following rough planning phase depending on the specific  power plant Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4\">WACC: 4.00 % to 8.50 %  </span>depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>WACC: 5.75 % to 12.50 %  depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The planning peri<span class=\"_ _92\"></span>od was extended to 2060 due to the avai<span class=\"_ _92\"></span>lability of price curves.<span class=\"_ _92\"></span> // 2 The iterativel<span class=\"_ _43\"></span>y calcula<span class=\"_ _43\"></span>ted implicit pre-tax<span class=\"_ _43\"></span> interest r<span class=\"_ _43\"></span>ate was 6.43 %\u2013<span class=\"fsa ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls16c ws6d7\">13.79 % (previ<span class=\"_ _92\"></span>ous year: </span>4.82 %\u2013 <span class=\"fsc ls42 ws40\">9.37 %). //<span class=\"_ _92\"></span> </span>3 Management <span class=\"_ _43\"></span>believes th<span class=\"_ _43\"></span>e carrying a<span class=\"_ _43\"></span>mount of the<span class=\"_ _43\"></span> Hydro se<span class=\"_ _43\"></span>gment\u2019s assets<span class=\"_ _43\"></span> includin<span class=\"_ _43\"></span>g goodwill <span class=\"_ _43\"></span>will not exce<span class=\"_ _43\"></span>ed the r<span class=\"_ _43\"></span>ecoverable a<span class=\"_ _43\"></span>moun<span class=\"ls137 wsb46\">t as a r<span class=\"_ _43\"></span>esult of p<span class=\"_ _43\"></span>otential </span>changes in the key measurement assumptions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Sal<span class=\"_ _92\"></span>es segment <span class=\"_ _cf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All of VERBUND\u2019s sales activities  plus goodwill All of VERBUND\u2019s sales activities  plus goodwill Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls33 ws30\">Expected tr<span class=\"_ _92\"></span>ading and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Price <span class=\"_ _209\"> </span><span class=\"fc4 ls33 ws30\">Expected tradin<span class=\"_ _92\"></span>g and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1e ws1f\">Detailed planning phase of 6 years  </span>followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase of 6 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Expected trading and dis<span class=\"_ _92\"></span>tribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins Expected trading and distribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls59 ws5a\">WACC after taxes (4.00 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls5b ws5c\">4.25 %)<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _fd\"> </span><span class=\"ff2f fc0 ls33 ws91c\">WACC after taxes (5.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1aa wsb48\">6.25 %)<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 8<span class=\"_ _43\"></span>.46 % (previou<span class=\"_ _43\"></span>s year: 5<span class=\"_ _43\"></span>.60 %). // 2 Management bel<span class=\"_ _43\"></span>ieves the carryin<span class=\"_ _43\"></span>g amount of<span class=\"_ _43\"></span> the Sales segmen<span class=\"_ _43\"></span>t\u2019s assets including g<span class=\"_ _43\"></span>oodwill will n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recovera<span class=\"_ _43\"></span>ble amoun<span class=\"_ _43\"></span>t as a result<span class=\"_ _43\"></span> of potent<span class=\"_ _43\"></span>ial changes <span class=\"_ _43\"></span>in the key m<span class=\"_ _43\"></span>easuremen<span class=\"_ _43\"></span>t assumpti<span class=\"_ _43\"></span>ons<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for t<span class=\"_ _92\"></span>he Inn River pow<span class=\"_ _92\"></span>er plant group<span class=\"_ _92\"></span> <span class=\"_ _37\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that f<span class=\"_ _43\"></span>urther<span class=\"_ _43\"></span>more  each represent a <span class=\"_ _0\"></span>cash-generating u<span class=\"_ _0\"></span>nit,  plus goodwill and de<span class=\"ls61 ws62\">ferred tax accruals </span>Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that furthermore  each represent a cash-generating unit,  plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls60 ws61\">VERBUND Innkraftwerke GmbH budgets  </span>(based mainly on near-marke<span class=\"_ _92\"></span>t data) VERBUND Innkraftwerke GmbH budgets  (based mainly on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls46 ws45\">Annual output correspondin<span class=\"_ _92\"></span>g to the  </span>mean energy capability of 1,855 or 1,994 GWh (after conclusion of the T\u00f6ging modernisation proj<span class=\"_ _92\"></span>ect) Annual output corresponding to the  mean energy capability of 1,994 GWh  (after conclusion of the T\u00f6ging modernisation project) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration of the  water charges based on<span class=\"lsca ws25c\"> official notices; </span>estimate of the m<span class=\"_ _92\"></span>aintenance costs by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the  water charges based on offi<span class=\"_ _92\"></span>cial notices; estimate of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>2 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.00 %<span class=\"_ _333\"> </span></span>3 <span class=\"_ _288\"> </span><span class=\"ff2f fc0 ls46 ws2b\">WACC: 5.75 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The Inn River p<span class=\"_ _43\"></span>ower plant g<span class=\"_ _43\"></span>roup comprises<span class=\"_ _43\"></span> the followin<span class=\"_ _43\"></span>g run-of-river<span class=\"_ _43\"></span> power pla<span class=\"_ _43\"></span>nts: Aubach, Fe<span class=\"_ _43\"></span>ldkirchen, <span class=\"_ _43\"></span>Gars, Jettenbach<span class=\"_ _43\"></span> II, N<span class=\"ws9ee\">eu\u00f6ttin<span class=\"_ _43\"></span>g, Perach, Rosenh<span class=\"_ _43\"></span>eim, Stammh<span class=\"_ _43\"></span>am, </span>Teufelsbruc<span class=\"_ _43\"></span>k, T\u00f6ging, W<span class=\"_ _43\"></span>asserbur<span class=\"_ _43\"></span>g. // 2 The planning period wa<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>extended to 2060 due<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>o the availabili<span class=\"_ _92\"></span>ty <span class=\"_ _43\"></span>of price curves. //<span class=\"_ _92\"></span> 3 The iterat<span class=\"_ _43\"></span>ively calcu<span class=\"_ _43\"></span>lated implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest rate<span class=\"_ _43\"></span> was 7.71 % (previ<span class=\"_ _92\"></span>ous year: 4.82 %). // 4 Management believes the carrying amount of the Inn River power plant group\u2019s asse<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> including goodwill will not exceed the recoverable<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>mount as a result of po<span class=\"_ _92\"></span>tential <span class=\"ls1f5 wsaeb\">changes in the key <span class=\"_ _43\"></span>measurement assumptions<span class=\"_ _333\"> </span></span>Impairment testing of good<span class=\"_ _92\"></span>will for the Grenzkraftw<span class=\"_ _92\"></span>erke po<span class=\"_ _92\"></span>wer plant group<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of th<span class=\"_ _92\"></span>e Grenzkraftwerke power plant gro<span class=\"_ _92\"></span>up<span class=\"_ _333\"> </span>2 that each represent a cash-g<span class=\"_ _92\"></span>enerating unit, plus goodwill and deferre<span class=\"ls1a ws256\">d tax accruals </span>Run-of-river power plants of the Grenzkraftwerke power plant group<span class=\"_ _333\"> </span>2 that each represent a cash-generating unit, plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws792\">Grenzkraftwerke Gm<span class=\"ls106 ws35e\">bH\u2019s budgets  </span></span>(based primarily on near-market data) Grenzkraftwerke GmbH\u2019s budgets  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls60 ws61\">Annual output correspondin<span class=\"_ _92\"></span>g to the mean </span>energy capability of 3,957 GWh Annual output corresponding to the mean energy capability of 3,957 or 4,007 GWh (after completing measures to increase efficiency at Ering-Frauenstein) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the water charges based on official notices; estimate of the maintenance co<span class=\"_ _92\"></span>sts by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the water charges based on off<span class=\"_ _92\"></span>ici<span class=\"ls46 ws2b\">al notices; estimate </span>of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>3 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls62 ws64\">Austria: WACC: 4.25 %<span class=\"_ _333\"> </span></span>4<span class=\"_ _333\"> </span>Germany: WACC: 4.00 % Austria: WACC: 6.25 %<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>Germany: WACC: 5.75 % Impairment loss  during the period<span class=\"_ _333\"> </span>5<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The following notes relate to the second step of the two-step <span class=\"ls4f ws51\">impairment test of the Gr<span class=\"_ _43\"></span>enzkraftwer<span class=\"_ _43\"></span>ke power plan<span class=\"_ _43\"></span>t group. The r<span class=\"_ _43\"></span>e<span class=\"ls4e ws50\">coverabil<span class=\"_ _43\"></span>ity of the in<span class=\"_ _43\"></span>dividual run<span class=\"_ _43\"></span>-of-river power<span class=\"_ _43\"></span> </span></span>plants was tested in the firs<span class=\"_ _43\"></span>t step. // 2 The Grenzkraftwerk<span class=\"_ _92\"></span>e <span class=\"_ _43\"></span>power plant gro<span class=\"_ _92\"></span>u<span class=\"_ _43\"></span>p comprises the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>following power pl<span class=\"_ _92\"></span>ants: Braunau-Simbach, Egglfing-Obe<span class=\"_ _92\"></span>rnberg, Ering-Frauens<span class=\"ls236 ws0\">tein, </span>Jochenstein, Nu\u00dfdorf, Oberaudorf-Ebbs, Passau-Ingling and<span class=\"_ _92\"></span> S<span class=\"_ _43\"></span>ch\u00e4rding-Neuhaus. // 3 The planning period wa<span class=\"_ _92\"></span>s extended to 2060 due to the availabili<span class=\"_ _92\"></span>ty of price curves. //  4 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 7<span class=\"_ _43\"></span>.98 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls238 wsb4f\">8.11 % (previous year: 5.<span class=\"_ _92\"></span>16 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls42 ws40\">5.24 %). // </span></span>5 According to management, the carrying amount of the Grenzkraftw<span class=\"_ _43\"></span>erke power <span class=\"_ _43\"></span>plant group\u2019s<span class=\"_ _43\"></span> assets (l<span class=\"_ _43\"></span>ess defer<span class=\"_ _43\"></span>red tax liabilit<span class=\"_ _43\"></span>ies) inc<span class=\"_ _43\"></span>luding goodw<span class=\"_ _43\"></span>ill does n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recoverable<span class=\"_ _43\"></span> a<span class=\"ls180 ws7db\">mount as a result of possible changes in key </span>measurement assumpt<span class=\"_ _43\"></span>ions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>mpairment testing <span class=\"_ _92\"></span>of goodwill for Gas C<span class=\"_ _92\"></span>onnect Austria<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Group of  cash-generating units Gas Connect Austria GmbH (GCA),  Austrian Gas Grid Management AG (AGGM), Trans Au<span class=\"_ _92\"></span>stria Gasleitung GmbH (TAG), profit par<span class=\"_ _92\"></span>ticipation right with respect to material assets of TAG plus goodwill  less deferred tax accruals Gas Connect Austria GmbH (GCA), Austrian Gas Grid Management AG (AGGM), Trans Austria<span class=\"ls37 ws26\"> Gasleitung GmbH </span>(TAG), profit participation right with respect to material assets of TAG plus goodwill less deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal<span class=\"_ _92\"></span> </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls1ab ws813\">GCA budgets <span class=\"_ _92\"></span> </span>(based primarily on near mark<span class=\"_ _92\"></span>et data) GCA budgets  (based primarily on <span class=\"lsca\">near market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls9c ws190\">Cap<span class=\"_ _43\"></span>acity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariffs published by t<span class=\"_ _92\"></span>he regulator <span class=\"_ _276\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by the </span></span>regulator Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years; <span class=\"_ _92\"></span> </span>rough planning phase: 23 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 22 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac852.7m <span class=\"_ _11f\"> </span><span class=\"ff2f fc0 ls18\">\u20ac7<span class=\"_ _92\"></span>04.6m </span></span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">8.8m <span class=\"_ _1a5\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls9c\">39.3m </span></span></span>1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the tw<span class=\"_ _43\"></span>o-step im<span class=\"_ _43\"></span>pairment tes<span class=\"_ _43\"></span>t of the Gas<span class=\"_ _43\"></span> Connect A<span class=\"_ _43\"></span>ustria g<span class=\"_ _43\"></span>roup of cas<span class=\"_ _43\"></span>h-g<span class=\"ls239 wsb51\">enerating units. In<span class=\"_ _43\"></span> the first step,<span class=\"_ _43\"></span> the </span>recoverabilit<span class=\"_ _43\"></span>y of the<span class=\"_ _43\"></span> GCA unit<span class=\"_ _43\"></span>s including<span class=\"_ _43\"></span> AGGM and t<span class=\"_ _43\"></span>he investm<span class=\"_ _43\"></span>ent<span class=\"ls235 wsb4c\"> in Trans Austria Gasleitung GmbH (TAG) was tested. TAG\u2019s asse<span class=\"ls1b5 ws91d\">t participation<span class=\"_ _43\"></span> right was mea<span class=\"_ _43\"></span>sured at f<span class=\"_ _43\"></span>air </span></span>value in accordan<span class=\"_ _43\"></span>ce with IFRS 9. /<span class=\"_ _43\"></span>/ 2 An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognise<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>in the 2022 report<span class=\"_ _92\"></span><span class=\"ls3d ws3b\">ing period in the amount of \u20ac16.8m as at 30 June 2022.<span class=\"_ _92\"></span> As at </span>31 December 2022, the i<span class=\"_ _92\"></span>mpairment recognised during the year i<span class=\"_ _92\"></span>ncreased to \u20ac39.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2022   <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.1m </span>\u20ac+<span class=\"fsa\"> </span>9.9m Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2021 <span class=\"_ _158\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.7m </span>\u20ac+<span class=\"fsa\"> </span>10.6m<span class=\"_ _333\"> </span>Impairment testing of good<span class=\"_ _92\"></span>will for SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls61 ws62\">SMATRICS GmbH &amp; Co KG,  </span>full-service provider for  electromobility charging solutions SMATRICS GmbH &amp; Co KG,  full-service provider for  electromobility charging solutions Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _257\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls34 ws32\">SMATRICS GmbH &amp; Co KG budgets  </span>(based primarily on near-market data) SMATRICS GmbH &amp; Co KG  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls5d ws5e\">Electric vehicle ramp-up <span class=\"_ _289\"> </span></span><span class=\"ff2f ls2b ws1f\">Electric vehicle ramp-up </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls33 ws30\">Charging rates <span class=\"_ _5c\"> </span></span><span class=\"ff2f ls20 ws25\">Charging rates </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 9 years plu<span class=\"_ _92\"></span>s </span>subsequent terminal value phase Detailed planning phase: 8 years plus subsequent terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electric vehicle ramp-up, discount rate <span class=\"_ _4d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Electric vehicle ramp-up, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 10.00 % <span class=\"_ _12a\"> </span></span><span class=\"ff2f ls33 ws91c\">WACC: 12.25 % </span>Impairment loss  during the period \u2013 <span class=\"_ _13\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"_ _333\"> </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2022    <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span>12.25 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.7m </span>\u20ac+<span class=\"fsa\"> </span>2.1m Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2021  V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span><span class=\"ls37 ws36\">10.00 % <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.8m </span>\u20ac+<span class=\"fsa\"> </span>3.8m<span class=\"_ _333\"> </span>Impairment test of the goodwill of the Spanish r<span class=\"_ _92\"></span>enewables portfolio<span class=\"_ _333\"> </span>1  <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Photovoltaic portfolios with a capac<span class=\"_ _43\"></span>ity of <span class=\"ls5d ws2d\">82.1 MWp in operation (Anselma Issuer, S.A. </span>and Topacio Energy, S.L.U.), <span class=\"ls0 ws1b\">wind/photovoltaic portfolios wi<span class=\"ls24 ws95a\">th a capacity of 2,129 MW </span></span>in development (Tejo Solar, S.L.U., Catalp<span class=\"ls9c ws61\">a Solar, S.L.U. and VERBU<span class=\"_ _43\"></span>ND Green Power </span>Renewable Projects, S.L.U.) plus <span class=\"ls1a ws24\">goodwill less deferred tax items </span>Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ls2b ws1f\">Tariffs for existing plants; internal price forecast for proj<span class=\"ls61 ws20\">ec<span class=\"_ _43\"></span>ts, premium for additional </span></span>proceeds from the sale of guarantees of<span class=\"ls5b wsb52\"> origin (derived from quoted prices) </span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 17 years for ex<span class=\"ls62 ws90e\">isting projects and 29 years (PV) or </span>24 years (wind) for de<span class=\"_ _92\"></span><span class=\"ls2b wsb54\">velopment p<span class=\"_ _43\"></span>rojects </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac766.1m<span class=\"_ _92\"></span> </span>Impairment losses  during the period \u20ac\u2013<span class=\"fsa ls0\"> </span>94.2m 1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the two-s<span class=\"_ _43\"></span>tep impa<span class=\"_ _43\"></span>irment test<span class=\"_ _43\"></span> of the Spa<span class=\"_ _43\"></span>nish rene<span class=\"_ _43\"></span>wables portf<span class=\"_ _43\"></span>olio group<span class=\"_ _43\"></span> <span class=\"ls12c wsb55\">of cash-generating<span class=\"_ _43\"></span> units. In the f<span class=\"_ _43\"></span>irst step, the </span>recoverability o<span class=\"_ _43\"></span>f developmen<span class=\"_ _43\"></span>t projects was test<span class=\"_ _43\"></span>ed in accord<span class=\"_ _43\"></span>ance with IAS 3<span class=\"_ _43\"></span>6.10(a) while<span class=\"_ _43\"></span> the recoverab<span class=\"_ _43\"></span>ility of exist<span class=\"_ _43\"></span>ing projects<span class=\"ls233 wsb49\"> was t<span class=\"_ _43\"></span>ested if there was an<span class=\"_ _43\"></span>y indication<span class=\"_ _43\"></span> that they </span>might be impaired. // 2 The Spanish renewab<span class=\"_ _43\"></span>les portfolio can be brok<span class=\"_ _43\"></span>en down into the follow<span class=\"_ _43\"></span>ing portfolios<span class=\"_ _43\"></span>: Anselma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, Topacio <span class=\"lsce ws261\">Ener<span class=\"_ _43\"></span>gy, S.L.U. with 1<span class=\"_ _43\"></span>9 </span>CGUs, Tejo S<span class=\"_ _43\"></span>olar, S.L.U. wi<span class=\"_ _43\"></span>th 18 CGUs, Catal<span class=\"_ _43\"></span>pa Solar, S.L.U<span class=\"_ _43\"></span>. with 5 CGUs an<span class=\"_ _43\"></span>d VERBUND Gr<span class=\"_ _43\"></span>een Power Rene<span class=\"_ _43\"></span>wable Projects<span class=\"_ _43\"></span>, S.L.U. wit<span class=\"ls206 wsb57\">h 3 CGUs. //<span class=\"_ _92\"></span> </span>3 Since the return on the Anselma Issuer, <span class=\"_ _43\"></span>S.A. and T<span class=\"_ _43\"></span>opacio Energy, S.<span class=\"_ _43\"></span>L.U. portfoli<span class=\"_ _43\"></span>os is secure<span class=\"_ _43\"></span>d by tariff for<span class=\"_ _43\"></span> the next 15<span class=\"_ _43\"></span> to 18 years, f<span class=\"_ _43\"></span>ollowed by a p<span class=\"_ _43\"></span>eri<span class=\"ls39 ws37\">od of merchant marke<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ing, two WACCs were used<span class=\"_ _92\"></span> </span>for the valu<span class=\"_ _43\"></span>ation. The <span class=\"_ _43\"></span>implicit <span class=\"_ _43\"></span>pre-tax inter<span class=\"_ _43\"></span>est rate det<span class=\"_ _43\"></span>ermined thr<span class=\"_ _43\"></span>ough a pro<span class=\"_ _43\"></span>cess of iter<span class=\"_ _43\"></span>ation am<span class=\"_ _43\"></span>ounted to 7.<span class=\"_ _43\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">8.67 %<span class=\"_ _333\"> </span></span><span class=\"fsc ls42 ws40\">. </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish renew<span class=\"_ _92\"></span>ables portfolio 12/1/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _a4\"> </span>5.75 %/6.50 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac+<span class=\"fsa\"> </span>30.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">30.0m </span>Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _19d\"> </span>\u20ac47.5 per MWh <span class=\"_ _d5\"> </span>\u00b1 5 % \u20ac+<span class=\"fsa\"> </span>62.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">62.0m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls124 ws2ca gs81b\">4.4.2 Impairment testin<span class=\"_ _92\"></span>g of pow<span class=\"_ _92\"></span>er plants </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws46 gs81c\">Impairment test \u2013 Mellach combined<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>cycle gas turbine po<span class=\"_ _92\"></span>wer plant </div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs81d\">  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws43 gs81e\">Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls1f ws20\">Combined cycle gas turbine power plant <span class=\"_ _92\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs81f\">(installed electrical capacity: 838 MW) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs820\">Combined cycle gas turbine power plant  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs821\">(installed electrical capacity: 838 MW) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs822\">Indications of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs823\">impairment </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws35 gs824\">Updated electricity and/or gas price </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls30 ws2d gs825\">forecasts and upd<span class=\"_ _92\"></span>ated discount rate </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gs826\">Updated electricity and/or gas price </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls9c ws61 gs827\">forecasts and updated disc<span class=\"_ _43\"></span>ount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs828\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs829\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls61 ws62 gs82a\">Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs82b\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs82c\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 lsca ws25c\">VERBUND Thermal Power GmbH &amp; Co KG </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws30 gs82d\">budgets (based m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>inly on  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2a ws28 gs82e\">near-market data) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs82f\">VERBUND Thermal Power GmbH &amp; Co KG </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs830\">budgets (based mainly on  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws31c gs831\">near-market data) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs832\">V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls32 ws2e\">Optimisation mo<span class=\"_ _92\"></span>del with primary inputs: </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1a ws1c gs833\">installed capacity, <span class=\"ls74 ws68\">heat extractio<span class=\"_ _0\"></span>n </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls46 ws45 gs834\">(maximum 400 MW) and efficiency at full </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs835\">capacity (58.8 %) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs836\">Optimisation model with primary inputs: </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs837\">installed capacity, heat extraction </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws91c gs838\">(maximum 400 MW) and eff<span class=\"_ _92\"></span>iciency at full </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls23 wsb58 gs839\">capacity (58.8 %<span class=\"_ _92\"></span>) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs83a\">Price<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs83b\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs83c\"> <span class=\"_ _22c\"> </span><span class=\"fc4 ls34 ws387\">internal price forecasts; temporarily </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls30 ws2d gs83d\">expected revenue<span class=\"_ _92\"></span> from the grid reserve, </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws30 gs83e\">congestion managem<span class=\"_ _92\"></span>ent, redispatch and </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws30 gs83f\">market use, including heat <span class=\"_ _92\"></span>extraction in the </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs840\">winter for one line (Q4/2022 to Q1/2023); </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1e ws1f gs841\">estimate of operat<span class=\"_ _92\"></span>ing, maintenance and </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws1b gs842\">downtime costs by<span class=\"_ _92\"></span> the responsible </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws0 gs843\">managers </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs844\">External price forecasts; temporarily </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs845\">expected revenue from the grid reserve, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs846\">congestion management, redispatch and </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs847\">market use, including heat extraction in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs848\">the winter for one line (Q4/2022 to </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws90d gs849\">Q1/2023); estimate of<span class=\"_ _92\"></span> operating, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gs84a\">maintenance and dow<span class=\"_ _92\"></span>ntime costs by the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs84b\">responsible managers </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs84c\">Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1c ws1d\">Total capacity averaging around </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls32 ws2e gs84d\">100,000 equivalent operating hour<span class=\"_ _92\"></span>s or  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws61 gs84e\">until 2040 (dependent on earlier entry) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs84f\">Total capacity averaging around </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws91c gs850\">100,000 equivalent op<span class=\"_ _92\"></span><span class=\"ls36 ws68\">erating hours or  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs851\">until 2040 (dependent on earlier entry) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs852\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs853\">assumptions </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2d ws33 gs854\">Discount rate, expected revenue fro<span class=\"_ _92\"></span>m the </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls26 ws26 gs855\">grid reserve, congestion manageme<span class=\"_ _92\"></span>nt and </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls25 ws25 gs856\">redispatch, devel<span class=\"_ _0\"></span>opment of clean spark </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls24 ws0 gs857\">spreads </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs858\">Discount rate, expected revenue from the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs859\">grid reserve, congestion management and </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs85a\">redispatch, development of clean spark </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls106 ws0 gs85b\">spreads </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs85c\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.25 % <span class=\"_ _1d3\"> </span></span><span class=\"ff2f ls60 ws813\">WACC: 6.25 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs85d\">Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac109.9m <span class=\"_ _75\"> </span><span class=\"ff2f fc0 ls18\">\u20ac231.5m </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws25e gs85e\">Reversal of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs85f\">impairment losses  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws2a gs860\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs861\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs862\">\u20ac+<span class=\"fsa\"> </span>24.5m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac+<span class=\"fsa ls0\"> </span>126.0m </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs863\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gs864\"> An average of the<span class=\"_ _43\"></span> price forecas<span class=\"_ _43\"></span>ts of the infor<span class=\"_ _43\"></span>mation service pr<span class=\"_ _43\"></span>oviders AFRY<span class=\"_ _43\"></span> and IHS was us<span class=\"_ _43\"></span>ed to determin<span class=\"_ _43\"></span>e the fair va<span class=\"_ _43\"></span>lue for r<span class=\"_ _43\"></span><span class=\"ls100 ws2fe\">eporting dates prior to 31 D<span class=\"_ _92\"></span>ecember 2022.  </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls136 wsb12 gs865\">Only the AFRY Cen<span class=\"_ _43\"></span>tral price scenar<span class=\"_ _43\"></span>io was used f<span class=\"_ _43\"></span>or the current rep<span class=\"_ _43\"></span>orting date due to<span class=\"_ _43\"></span> changes in the<span class=\"_ _43\"></span> energy market env<span class=\"_ _43\"></span>ironment. I<span class=\"ls4d ws4f\">f t<span class=\"_ _43\"></span>he prev<span class=\"_ _43\"></span>iously appli<span class=\"_ _43\"></span>e<span class=\"ls0 wsb59\">d average cost method </span></span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 lsce ws261 gs866\">had been retained,<span class=\"_ _43\"></span> the recover<span class=\"_ _43\"></span>able amount <span class=\"_ _43\"></span>for the Mella<span class=\"_ _43\"></span>ch combined cyc<span class=\"_ _43\"></span>le gas tur<span class=\"_ _43\"></span>bine power plant<span class=\"_ _43\"></span> cash-generating u<span class=\"_ _43\"></span>nit as at 31 <span class=\"ls16c ws6d7\">December 2022 would have been \u20ac192.<span class=\"_ _92\"></span>6m.  </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls16d ws6e0 gs867\">Thus, the reversal of<span class=\"_ _92\"></span> impairment losses would have been around \u20ac38.<span class=\"_ _92\"></span>9m lower. // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs868\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls55 ws57 gs869\"> A reversa<span class=\"_ _43\"></span>l of impairm<span class=\"_ _43\"></span>ent losses<span class=\"_ _43\"></span> loss had a<span class=\"_ _43\"></span>lready bee<span class=\"_ _43\"></span>n recognis<span class=\"_ _43\"></span>ed in the r<span class=\"_ _43\"></span>eporting peri<span class=\"_ _43\"></span>od in </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1c9 wsa4d gs86a\">the amount of \u20ac56.0m as at 30 June 2022.<span class=\"_ _92\"></span> The reversal of impairment losse<span class=\"_ _92\"></span>s recognised during the year increase<span class=\"_ _92\"></span>d to \u20ac126.0m as a<span class=\"ls42 ws40\">t 31 December 2022.<span class=\"_ _92\"></span> The increase in value in </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls53 ws55 gs86b\">the 2022 reporting p<span class=\"_ _92\"></span>eriod was reduced by the change in deferred<span class=\"_ _92\"></span> g<span class=\"_ _43\"></span>o<span class=\"ls231 wsb42\">vernment grants in the amo<span class=\"_ _92\"></span>unt <span class=\"_ _43\"></span>of \u20ac3.6m (previo<span class=\"_ _92\"></span>us <span class=\"_ _43\"></span>year: \u20ac0.7m<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\">)<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\"><span class=\"ls23a ws0\">.<span class=\"_ _333\"> </span></span></span><span class=\"ls231 wsb42\"><span class=\"ls23a ws0\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws7e4 gs86d\">Sensitivity analysis fo<span class=\"_ _92\"></span>r the Mellach co<span class=\"lsc4 ws2b2\">mbined cycle gas turbine po<span class=\"_ _92\"></span>wer plant 2022<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gs86e\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gs86f\">V<span class=\"_ _92\"></span>alue assigned </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs870\">to the ke<span class=\"_ _92\"></span>y </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs871\">valuation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1f ws0 gs872\">assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs873\">Change in  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls23b wsb5a gs874\">key<span class=\"_ _43\"></span>  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs875\">valuation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws0 gs876\">assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs877\">Effects on the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs878\">carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gs879\">amounts of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls106 ws0 gs87a\">assets </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs87b\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs87c\">\u20ac+<span class=\"fsa\"> </span>3.1m </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs87d\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.0m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws853 gs87e\">T<span class=\"_ _14\"></span>emporarily expected re<span class=\"_ _92\"></span>venue from the grid reserve, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs87f\">congestion managem<span class=\"_ _92\"></span>ent and redispatch <span class=\"_ _280\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs880\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs881\"> <span class=\"_ _117\"> </span><span class=\"ls1a ws1c\">\u00b1 10 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs882\">\u20ac+<span class=\"fsa\"> </span>10.3m </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs883\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">10.4m </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs884\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 lsce ws261 gs885\"> In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls55 ws57 gs886\">key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs887\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls16d ws6e0 gs888\"> A disclosure of the val<span class=\"_ _92\"></span>ue </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4f ws51 gs889\">assigned to the<span class=\"_ _43\"></span> temporarily<span class=\"_ _43\"></span> expected revenu<span class=\"_ _43\"></span>e from con<span class=\"_ _43\"></span>gestion manage<span class=\"_ _43\"></span>ment and redis<span class=\"_ _43\"></span>patch is omitt<span class=\"_ _43\"></span>ed because s<span class=\"_ _43\"></span>uch a disclosu<span class=\"_ _43\"></span>re cou<span class=\"ls12b wsabc\">ld h<span class=\"_ _43\"></span>arm VERBUN<span class=\"_ _43\"></span>D\u2019s positi<span class=\"_ _43\"></span>on in the </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4d ws6d8 gs88a\">bidding proces<span class=\"_ _43\"></span>s. </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls5f ws60 gs88b\">Sensitivity analysis f<span class=\"_ _92\"></span>or the Mellach comb<span class=\"ls7f ws23e\">ined cycle gas turbine po<span class=\"_ _92\"></span>wer plant 2021  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gs88c\">V<span class=\"_ _92\"></span>alue assigned </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs88d\">to the ke<span class=\"_ _92\"></span>y </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs88e\">valuation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1f ws0 gs88f\">assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs890\">Change in  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls23b wsb5a gs891\">key<span class=\"_ _43\"></span>  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs892\">valuation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws0 gs893\">assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs894\">Effects on the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs895\">carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gs896\">amounts of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls106 ws0 gs897\">assets </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs898\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">4.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs899\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">1.5m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs89a\">\u20ac+<span class=\"fsa\"> </span>1.5m </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws853 gs89b\">T<span class=\"_ _14\"></span>emporarily expected re<span class=\"_ _92\"></span>venue from the grid reserve, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs89c\">congestion managem<span class=\"_ _92\"></span>ent and redispatch <span class=\"_ _194\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _f3\"> </span><span class=\"ls1a ws1c\">\u00b1 10 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs89d\">\u20ac+<span class=\"fsa\"> </span>33.9m </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs89e\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">33.9m<span class=\"_ _333\"> </span></span><span class=\"ls59\"> </span></div>Impairment testing of the Gr<span class=\"_ _92\"></span>atkorn pow<span class=\"_ _92\"></span>er plant on the Mur River    <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"ff2f ls2b ws1f\">River power plant in the area of the Mur River (50 % owned by VERBUND Hydro </span>Power GmbH (VHP), 50 % owned<span class=\"_ _43\"></span> by Energie Steiermark Green Power GmbH)<span class=\"_ _43\"></span> Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls2b ws1f\">VHP budgets (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls2b ws1f\">The annual output corresponding to th<span class=\"ls59 ws22\">e mean energ<span class=\"_ _43\"></span>y capability of 56 GWh  </span></span>(for 100 % of the power plant) Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Internal price forecasts; discounts for genera<span class=\"ls32 ws5a8\">tion characteristics and the hydrological </span></span>forecast and availability risk; premium fo<span class=\"ls5d ws2d\">r additional proceeds from the sale of </span>guarantees of origin (derived from quoted pric<span class=\"ls1d ws35e\">es); e<span class=\"_ _43\"></span>stimate of the maintenance costs by </span>the managers responsible Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ls1a ws24\">Detailed planning phase: 6 years;  </span>rough planning phase: 32 years foll<span class=\"ls1d ws35e\">owed by a terminal value phase </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.25 %<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac12.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac<span class=\"ff2a\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls17\">10.4m </span>1 The implicit<span class=\"_ _43\"></span> pre-tax int<span class=\"_ _43\"></span>erest ra<span class=\"_ _43\"></span>te determine<span class=\"_ _43\"></span>d through a<span class=\"_ _43\"></span> process of <span class=\"_ _43\"></span>iteration a<span class=\"_ _43\"></span>mounted to 6<span class=\"_ _43\"></span>.43 %. // 2 An impairment loss ha<span class=\"_ _92\"></span>d already been recognised in<span class=\"_ _0\"></span> the reporting pe<span class=\"_ _92\"></span>riod in the amount of \u20ac12.9m a<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> at 30 June 2022. The impai<span class=\"_ _92\"></span>rment recognised during the year decrea<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>ed to \u20ac10.4m as at 31 Decem<span class=\"_ _92\"></span>ber 2022. <span class=\"ls52 ws54\">The impair<span class=\"_ _43\"></span>ment loss as<span class=\"_ _43\"></span> at 31<span class=\"_ _43\"></span> December </span>2022 was reduced<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>by the \u20ac0.7m change i<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>deferred governme<span class=\"_ _92\"></span>nt grants<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Gratk<span class=\"_ _92\"></span>orn <span class=\"lsea ws552\">power plant on the Mur River 31/1/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.25 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">0.7m </span>\u20ac+<span class=\"fsa\"> </span>0.7m Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _cb\"> </span><span class=\"ls34 ws32\">\u20ac86.3 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>1.8m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">1.8m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span>Impairment test Spa<span class=\"_ _0\"></span>nish ren<span class=\"_ _92\"></span>ewables portf<span class=\"_ _92\"></span>olio existing pr<span class=\"_ _92\"></span>ojects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>PV portfolios with a capacity of 82.1 MWp in operation  (Anselma Issuer, S.A. and Topacio Energy, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Tariffs for the next 15\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws1f\">18 years, followed <span class=\"_ _43\"></span>by internal price forecast </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 15 years for th<span class=\"lsca ws30\">e Anselma Issuer, S.A. portfolio and  </span>14 to 17 years for the Topacio Energy, S.L.U. portfolio. Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac393.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>49.7m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The existin<span class=\"_ _43\"></span>g projects can<span class=\"_ _43\"></span> be broken d<span class=\"_ _43\"></span>own into the f<span class=\"_ _43\"></span>ollowing port<span class=\"_ _43\"></span>folios: Ans<span class=\"_ _43\"></span>elma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, <span class=\"_ _43\"></span>Topacio Ener<span class=\"_ _43\"></span>gy, S.L.U. wit<span class=\"_ _43\"></span>h 19 CGUs. <span class=\"_ _43\"></span>// 3 Since the re<span class=\"_ _43\"></span>turn on the Ansel<span class=\"_ _43\"></span>ma Issuer, S.A.<span class=\"_ _43\"></span> and Topaci<span class=\"_ _43\"></span>o Energy, S.L.U<span class=\"_ _43\"></span>. portfol<span class=\"_ _43\"></span>ios is secur<span class=\"_ _43\"></span>ed by tariff for<span class=\"_ _43\"></span> the next 15 to 18 ye<span class=\"_ _92\"></span>ars, followed by a period of merc<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ant marketi<span class=\"_ _92\"></span>ng, two WACCs were used for the valuatio<span class=\"_ _92\"></span>n. The implicit pre-ta<span class=\"ls1d1 ws9ec\">x interest rate determined through a process <span class=\"_ _43\"></span>of </span>iteration amounted to 7.<span class=\"_ _92\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">7.51 %. // </span>4 The impairment as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31 December 2022 comp<span class=\"_ _92\"></span>rises the impairment of 9 CGUs in the Anselma Issuer,<span class=\"_ _92\"></span> <span class=\"ls39 wsb5c\">S.A. portfolio in the<span class=\"_ _92\"></span> amount o<span class=\"ls23e ws0\">f </span></span>\u20ac15.4m and 19 CG<span class=\"_ _92\"></span>Us <span class=\"_ _43\"></span>in the Topacio Ene<span class=\"_ _92\"></span>rgy, S.L.U. portfolio in the amount of<span class=\"_ _92\"></span> \u20ac34.2m.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the existing Span<span class=\"ls129 ws8df\">ish r<span class=\"_ _92\"></span>enewables portf<span class=\"_ _92\"></span>olio projects 31/12/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets 2<span class=\"_ _333\"> </span>Effects on the carrying amounts of assets 3<span class=\"_ _333\"> </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _193\"> </span><span class=\"ls20 ws21\">5.75 %/6.50 % <span class=\"_ _49\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span><span class=\"ls1a ws256\">1.5m  </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">1.5m  </span>\u20ac+<span class=\"fsa\"> </span>4.4m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">4.4m  </span>Electricity price<span class=\"_ _333\"> </span>4 <span class=\"_ _16b\"> </span><span class=\"ls34 ws32\">\u20ac47.5 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span><span class=\"ls1a ws256\">0.9m  </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">0.9m  </span>\u20ac+<span class=\"fsa\"> </span>1.8m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59 ws5a\">1.8m  </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 Anselma Issuer, S.A. portfolio //<span class=\"_ _43\"></span> 3 Topacio En<span class=\"_ _43\"></span>ergy, S.L.U. p<span class=\"_ _43\"></span>ortfolio <span class=\"_ _43\"></span>// 4 The electrici<span class=\"_ _92\"></span>ty price shown relates to the year 2030. T<span class=\"_ _92\"></span>he sensitivity analysis va<span class=\"_ _92\"></span>ries the price of electricity ste<span class=\"_ _92\"></span>adily over t<span class=\"ls1b5 ws91d\">ime up to </span>the planning horizon<span class=\"_ _333\"> </span>Impairment test Spanis<span class=\"_ _92\"></span>h renewables p<span class=\"_ _92\"></span>ortfolio deve<span class=\"_ _92\"></span>lopment projects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Wind/PV portfolios with a cap<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>city of 2,129 <span class=\"ls2d ws90d\">MW u<span class=\"_ _92\"></span>nder development (Tejo Solar, S.L.U,  </span>Catalpa Solar, S.L.U. and VERBUN<span class=\"_ _43\"></span>D Green Power Renewable Projects<span class=\"_ _43\"></span>, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f lsca ws30\">Internal price forecast for pr<span class=\"ls0 ws1b\">ojects, premium for addi<span class=\"_ _43\"></span>tional proceeds from the sale of </span></span>guarantees of origin (derived from quoted prices) Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 29 year<span class=\"ls26 ws91b\">s (PV) or 24 years (wind) </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac373.1m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>2.0m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The devel<span class=\"_ _43\"></span>opment projects<span class=\"_ _43\"></span> can be br<span class=\"_ _43\"></span>oken down int<span class=\"_ _43\"></span>o the follow<span class=\"_ _43\"></span>ing portf<span class=\"_ _43\"></span>olios: Tejo Solar, S.L.U. with 18 CGUs, Catalpa Solar, S.L.U. with 5 CGUs and VERBUND Green P<span class=\"_ _43\"></span>ower Renewable Projects, S.L.U. with 3 CGUs. /<span class=\"ls241 ws0\">/ </span>3 The implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest r<span class=\"_ _43\"></span>ate determined through a process of iteration amounted to 8.57 %\u2013 <span class=\"fsc ls234 wsb4a\">8.67 %. // </span>4 The impairment as at 31 Dec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mber 2022 relates to<span class=\"_ _92\"></span> 2 <span class=\"_ _43\"></span>CGUs in the Tejo Sol<span class=\"_ _92\"></span>ar, S.L.U. portfolio.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish re<span class=\"_ _92\"></span>newables portf<span class=\"_ _92\"></span>olio develop<span class=\"_ _92\"></span>ment projects 31/12/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _19a\"> </span><span class=\"ff2f ls34 ws772\">Value assigned<span class=\"_ _0\"></span> </span>to the ke<span class=\"_ _92\"></span>y valuation assumption Change in  key<span class=\"_ _43\"></span>  valuation assumptions Effects on the carrying amounts of assets<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _100\"> </span><span class=\"ls5b ws5c\">6.50 % <span class=\"_ _11c\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>2.6m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.6m </span>Electricity price<span class=\"_ _333\"> </span>3 <span class=\"_ _cb\"> </span><span class=\"ls34 ws32\">\u20ac47.5 per MWh <span class=\"_ _51\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>4.2m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">4.2m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 Tejo Sola<span class=\"_ _92\"></span>r, S.L.U. portfolio //  3 The electrici<span class=\"_ _92\"></span>ty price shown relates to the year 2030.<span class=\"_ _92\"></span> The sensitivity analysis vari<span class=\"_ _92\"></span>es the price of electricit<span class=\"_ _92\"></span>y st<span class=\"_ _43\"></span>eadily over t<span class=\"_ _92\"></span><span class=\"ls243 wsb60\">ime up to t<span class=\"_ _92\"></span>he planni<span class=\"_ _92\"></span>ng horizo<span class=\"_ _92\"></span>n<span class=\"_ _333\"> </span></span><span class=\"ls243 wsb60\">.<span class=\"_ _333\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-562": {
   "value": "<div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws431 gs388\">The result fr<span class=\"_ _92\"></span>om interests <span class=\"_ _92\"></span>accounted for using the equity method c<span class=\"_ _92\"></span>an be attributed mainly to KELAG-<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws2e9 gs389\">K\u00e4rntn<span class=\"_ _92\"></span>er Elektrizit\u00e4ts-Aktien<span class=\"_ _92\"></span>gesellschaft (KELAG), wh<span class=\"ls83 ws374\">ich oper<span class=\"_ _92\"></span>ates business lines pr<span class=\"_ _92\"></span>oviding electricity, </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls103 wsb10 gs38a\">gas a<span class=\"_ _43\"></span>nd h<span class=\"_ _43\"></span>eat. </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls129 ws552 gs3a9\">3.2.11  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls85 ws575 gs3aa\">Result from interests </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls12a ws6c9 gs3ab\">accounted f<span class=\"_ _92\"></span>or using </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls10b ws1a gs3ac\">the equity <span class=\"_ _92\"></span>method </div>The impairment in the financial r<span class=\"_ _92\"></span>e<span class=\"ls63 ws7bc\">sult for the 2022 reporting period re<span class=\"lsab ws1f8\">lates to the investmen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s in Trans </span></span>Austria G<span class=\"_ _92\"></span>asleitung GmbH (<span class=\"_ _43\"></span>T<span class=\"_ _14\"></span>AG) and Ashta Beteil<span class=\"ls26 ws7ca\">igungsverwaltung GmbH, w<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ich are acco<span class=\"_ _92\"></span>unted for </span>using the equity method<span class=\"_ _92\"></span>.  Ma<span class=\"_ _92\"></span>jor changes in the energ<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> industry environm<span class=\"_ _92\"></span>ent, in particular the significan<span class=\"_ _92\"></span>t increase in electricity and gas prices<span class=\"_ _92\"></span>, prompted T<span class=\"_ _14\"></span>AG to conduct an impairment tes<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span>Impairment test \u2013 T<span class=\"_ _80\"></span>rans Austria Gasleitung <span class=\"_ _92\"></span>GmbH    <span class=\"_ _173\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _16\"> </span><span class=\"fc4 ls27 ws27\">Trans Austria Gasleitung GmbH,  </span>Austrian transmission system opera<span class=\"_ _92\"></span>tor Trans Austria Gasl<span class=\"ls19 ws33\">eitung GmbH,  </span>Austrian transmission system operator<span class=\"_ _92\"></span> T<span class=\"_ _14\"></span>riggering event for  (an increase in) impairment Significant changes in the  energy industry environment Significant changes in the  energy industry environment Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _a7\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _219\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls1c ws1d\">Trans Austria Gasleitung GmbH budgets </span>(based primarily on near-market data) Trans Austria Gaslei<span class=\"ls5b ws2e\">tung GmbH budgets </span>(based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _65\"> </span><span class=\"fc4 ls9c ws190\">Capacity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _214\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariff<span class=\"_ _92\"></span>s published by the regulator <span class=\"_ _177\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by<span class=\"_ _43\"></span> the </span></span>regulator Planning period <span class=\"_ _23\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years;  </span>rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d8\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _1e\"> </span><span class=\"fc4 ls59 ws0\">\u20ac51.6m <span class=\"_ _1aa\"> </span><span class=\"ff2f fc0 ls18\">\u20ac21.9m </span></span>Impairment losses  during the period<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">18.3m <span class=\"_ _256\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span>46.2m </span></span>1 Impairment incl. tax gro<span class=\"_ _92\"></span>ss<span class=\"_ _43\"></span> up. An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognised in the 2022 re<span class=\"_ _92\"></span>porting period in the amount of \u20ac3<span class=\"ls1c9 wsa4d\">.3m as at 30 June 2022.<span class=\"_ _92\"></span> As at 31 December </span>2022, the impairm<span class=\"_ _92\"></span>ent<span class=\"_ _43\"></span> recognised during the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>year increased to \u20ac46.<span class=\"_ _92\"></span>2m<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or T<span class=\"_ _14\"></span>rans <span class=\"ls85 wsd6\">Austria Gasleitung GmbH<span class=\"_ _92\"></span> 31/12/2022</span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">0.5m </span>\u20ac+<span class=\"fsa\"> </span>0.5m 1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"ls136 wsb12\">ation of the effe<span class=\"_ _43\"></span>cts.  </span>Sensitivity analysis f<span class=\"_ _92\"></span>or T<span class=\"_ _14\"></span>rans <span class=\"ls85 wsd6\">Austria Gasleitung GmbH<span class=\"_ _92\"></span> 31/12/2021 </span>  <span class=\"_ _42\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the </span>ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls59 ws5a\">0.9m  </span>\u20ac+<span class=\"fsa\"> </span>0.9m The updated electricity price fo<span class=\"ls78 ws6ec\">r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>casts and the discount ra<span class=\"_ _92\"></span>tes adjusted as at 31 <span class=\"_ _88\"></span>December 2022 </span>prompted Ashta Beteiligungsverwaltung Gm<span class=\"ls80 wsde\">bH to conduct an impairment test. </span>Impairment<span class=\"_ _43\"></span> test \u2013 Ashta Beteil<span class=\"_ _43\"></span>igungsverwaltung GmbH    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls32 ws2e\">VERBUND and EVN AG joint venture that </span>holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates<span class=\"_ _92\"></span> a  two-stage Hydromatrix po<span class=\"_ _92\"></span>wer plant  (installed capacity: 53 MW) in Al<span class=\"_ _92\"></span>bania VERBUND and EVN AG joint venture that holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates a  two-stage Hydromatrix power plant  (installed capacity: 53 MW) in Albania Indications of a (reduction in) impairment Updated electricity price forecasts and updated discount rate<span class=\"_ _92\"></span> Updated electricity <span class=\"lsca ws30\">price forecasts and </span>updated discount rate Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls25 ws25\">Budgets o<span class=\"_ _92\"></span>f Energji Ashta Shpk <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls59 ws22\">Budgets of Energji Ashta Shpk </span></span>V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls1e ws1f\">The annu<span class=\"_ _92\"></span>al output corresponding to the </span>mean energy capability of 242 GWh The annual output corresponding to the mean energy capability of 242 GWh Price <span class=\"_ _209\"> </span><span class=\"fc4 ls0\">2022\u2013<span class=\"fsa\"> </span><span class=\"ls20 ws21\">2028: Electricity prices based on </span></span>purchase agreement with KESH 2029\u2013<span class=\"fsa\"> </span><span class=\"ls60 ws61\">2043: Internal price forecasts </span>2023\u2013<span class=\"fsa ls0\"> </span><span class=\"ls46 ws2b\">2028: Electricity prices base<span class=\"_ _92\"></span>d on </span>purchase agreement with KESH 2029\u2013<span class=\"fsa ls0\"> </span><span class=\"ls1f ws959\">2043: Inter<span class=\"_ _92\"></span>nal price forecasts </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls25 ws25\">Detailed planning phase: 1 year;  </span>rough planning phase: 21 years  (long-term reinvestment, repair and maintenance cycles for <span class=\"ls148 wsb19\">hydropower plants) </span>Detailed planning phase: 1 year;  rough planning phase: 20 years  (long-term reinvestment, repair and maintenance cycles for hydropower plants) Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price forecasts and discount rate <span class=\"_ _183\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price forecasts and discount </span>rate After-tax di<span class=\"_ _92\"></span>scount rate<span class=\"_ _333\"> </span>1 <span class=\"_ _258\"> </span><span class=\"fc4 ls1d ws1e\">WACC after taxes (2022\u2013</span><span class=\"fsa fc4\"> <span class=\"fs8 ls2b ws29\">2028): 7.75 % </span></span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws29\">2043): 8.50 % </span>WACC after taxes (2023\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>028): 10.75 % </span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>043): 12.50 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws5e\">\u20ac18.9m  <span class=\"_ _145\"> </span></span><span class=\"ff2f ls18 ws0\">\u20ac19.2m </span>Change in value  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>16.8m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls102\">0.3m </span></span>1 The iterati<span class=\"_ _92\"></span>vely calculated implicit<span class=\"_ _92\"></span> pre-tax interest rate was 13.79 % (previ<span class=\"_ _92\"></span>ous year: 9.37 %). // 2 An impairment loss had<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>lready been rec<span class=\"_ _0\"></span>ognised in the 2022 reporti<span class=\"_ _92\"></span>ng period in the amount of \u20ac0.9m as at 30 June<span class=\"_ _92\"></span> 2022. As at 31 December 2022, the impairment re<span class=\"_ _92\"></span>cognised during the year decreased to \u20ac0.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><span class=\"_ _92\"></span> Sensitivity analysis f<span class=\"_ _92\"></span>or Ashta Be<span class=\"ls129 ws8df\">teiligungsverw<span class=\"_ _92\"></span>altung GmbH 31/12/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _be\"> </span><span class=\"ls60 ws61\">\u20ac99.04 per MWh <span class=\"_ _da\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>3.3m \u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">3.3m </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d4\"> </span><span class=\"ls2b ws29\">10.75 % (12.5 %) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>1.0m \u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">1.0m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n. </span>Sensitivity analysis f<span class=\"_ _92\"></span>or Ashta Be<span class=\"ls129 ws8df\">teiligungsverw<span class=\"_ _92\"></span>altung GmbH 31/12/2021 <span class=\"_ _259\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets Electricity price <span class=\"_ _f8\"> </span><span class=\"ls34 ws32\">\u20ac73.2 per MWh <span class=\"_ _d5\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>2.9m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.9m </span>After tax discount rate <span class=\"_ _a4\"> </span><span class=\"ls2b ws29\">7.75 % (8.5 %) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>1.0m \u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">1.0m<span class=\"_ _333\"> </span></span>4.5<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb61\">Interests accounted for us<span class=\"ls101 wsacc\">ing the equity method </span></span>The carrying amoun<span class=\"_ _92\"></span>ts of interests accoun<span class=\"_ _92\"></span>ted for using the equity method ar<span class=\"_ _92\"></span>e adjusted to<span class=\"_ _92\"></span> reflect changes in the investee<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s net assets in accor<span class=\"_ _92\"></span>dance with IAS 28 no later th<span class=\"_ _92\"></span>an one quarter following the underlying changes<span class=\"_ _92\"></span>. If VERBUND\u2019<span class=\"_ _14\"></span>s share of l<span class=\"_ _92\"></span>osses from an int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rest acco<span class=\"_ _92\"></span>unted for using the equity me<span class=\"_ _92\"></span>thod corres<span class=\"_ _92\"></span>ponds to or exceeds the carrying amoun<span class=\"_ _92\"></span>t of th<span class=\"ls74 ws920\">e equity inter<span class=\"_ _92\"></span>est, additional losses ar<span class=\"_ _92\"></span>e only taken </span>into accoun<span class=\"_ _92\"></span>t and recognised as a liability to th<span class=\"_ _92\"></span>e extent that leg<span class=\"_ _92\"></span>al or constructive obligat<span class=\"_ _92\"></span>ions were undertaken or pa<span class=\"_ _92\"></span>yments were m<span class=\"_ _92\"></span>ade for the equity-accounted inter<span class=\"_ _92\"></span>est. The carrying amount of the equity-accounted int<span class=\"_ _92\"></span>erest includes the shar<span class=\"_ _92\"></span>e calculated based on<span class=\"_ _92\"></span> equity method accounting plus all<span class=\"_ _92\"></span> long-term equity inter<span class=\"_ _92\"></span>ests that ar<span class=\"_ _92\"></span>e to be allocated to the net in<span class=\"_ _92\"></span>vestment in the equity-accoun<span class=\"_ _92\"></span>ted interest based on their economi<span class=\"_ _92\"></span>c substance. Net in<span class=\"_ _92\"></span>vestments in associated compan<span class=\"_ _92\"></span>ies and joint ventures <span class=\"_ _92\"></span>are tested for objective indica<span class=\"_ _92\"></span>tions of<span class=\"_ _43\"></span> impairment at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. If there ar<span class=\"_ _92\"></span>e any such indic<span class=\"_ _92\"></span>ations, an impairment t<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st must b<span class=\"_ _92\"></span>e conducted for int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rests accoun<span class=\"_ _92\"></span>ted for using the equity method in accor<span class=\"_ _92\"></span>dance with IAS 36<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls10b ws35d gs946\">Interests acc<span class=\"_ _92\"></span>ounted for using the eq<span class=\"_ _0\"></span>uity method<span class=\"_ _92\"></span> <span class=\"_ _23f\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs947\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs948\">Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _28c\"> </span><span class=\"fc4 ls0 ws0\">294.7 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">417.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs949\">Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _1c1\"> </span><span class=\"fc4 ls0 ws0\">107.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs94a\">Additions <span class=\"_ _28d\"> </span><span class=\"fc4 ls0\">9.8 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">4.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs94b\">Dividends <span class=\"_ _28e\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>5.4 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.9 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs94c\">Result from eq<span class=\"ls102 ws31a\">uity accounting <span class=\"_ _1fe\"> </span><span class=\"fc4 ls0 ws0\">34.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">4.3 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs94d\">Other comprehensive income <span class=\"ls27 ws27\">from equity<span class=\"_ _92\"></span> accounting <span class=\"_ _1aa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">3.6 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs94e\">Disposals <span class=\"_ _28f\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>17.5 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2d ws90d gs94f\">Amortised cost as at 31/12 <span class=\"_ _26b\"> </span><span class=\"fc4 ls18 ws0\">417.5 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">425.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs950\">Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _d\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.8 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">13.3 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs951\">Impairment losses <span class=\"_ _290\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">46.5 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs952\">Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _e1\"> </span><span class=\"fc4 ls0 ws0\">16.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs953\">Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _71\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">13.3 <span class=\"_ _51\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">59.8<span class=\"_ _92\"></span> </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs954\">Net carrying amount as at 31/12 <span class=\"_ _291\"> </span><span class=\"fc4 ls18 ws0\">404.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">365.5<span class=\"_ _92\"></span> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs955\">Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _e1\"> </span><span class=\"fc4 ls0 ws0\">282.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">404.1 </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 wsb63 gs956\">A summary of aggreg<span class=\"_ _92\"></span>ated financial information for<span class=\"_ _92\"></span> the equity-accounted joint ventur<span class=\"_ _92\"></span>es and </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws186 gs957\">associates is pr<span class=\"_ _92\"></span>esented in sect<span class=\"ls26 ws340\">ion 13.4 Subsidiaries, join<span class=\"_ _92\"></span>t ventures and associat<span class=\"_ _92\"></span>es of VERBUND.<span class=\"_ _333\"> </span></span><span class=\"ls26 ws340\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs959\">4.5.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls86 wsb64 gs95a\">Interests<span class=\"_ _92\"></span>  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls12a ws6c9 gs95b\">accounted f<span class=\"_ _92\"></span>or using </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls10b ws1a gs95c\">the equity <span class=\"_ _92\"></span>method </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws7c0 gs13fd\">The tables belo<span class=\"_ _92\"></span>w show a summary of aggr<span class=\"_ _92\"></span>egated financial info<span class=\"_ _92\"></span>r<span class=\"_ _43\"></span>mation fo<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>the associates o<span class=\"_ _92\"></span>f VERBUND </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws277 gs13fe\">accounted for usin<span class=\"_ _92\"></span>g the equity method br<span class=\"_ _92\"></span>oken down according t<span class=\"_ _92\"></span>o material associates <span class=\"_ _92\"></span>and individually </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws8ba gs13ff\">immaterial<span class=\"_ _92\"></span> ass<span class=\"_ _43\"></span>ociates<span class=\"_ _92\"></span>. As a general rule, the r<span class=\"_ _92\"></span>eference da<span class=\"_ _92\"></span>te for investee balance she<span class=\"_ _92\"></span>et data is </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws3f7 gs1400\">30 <span class=\"_ _88\"></span>S<span class=\"_ _43\"></span>eptember 2022 (see section <span class=\"_ _87\"></span>1.2 F<span class=\"_ _92\"></span>inancial reportin<span class=\"ls6d ws589\">g principles); the data <span class=\"ls75 ws824\">are based on disclosed </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs1401\">financial sta<span class=\"_ _92\"></span>tements and/or on data updat<span class=\"_ _92\"></span>ed to the best of VERBUND\u2019<span class=\"_ _14\"></span>s knowl<span class=\"_ _0\"></span>edge. </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls5f ws60 gs1402\">Individually material associates: st<span class=\"_ _92\"></span><span class=\"lsc4 ws2b2\">atement of comprehensive i<span class=\"_ _92\"></span>n<span class=\"_ _43\"></span>come  <span class=\"_ _192\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs1403\">  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1404\">  <span class=\"_ _2f8\"> </span><span class=\"ff2f fc4 ls1a\">KELAG-K\u00e4rntner </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls2b ws0 gs1405\">Elektrizit\u00e4ts-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls60 ws0 gs1406\">Aktien- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls2c ws0 gs1407\">gesellschaft </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs1408\">KELAG-K\u00e4rntner </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs1409\">Elektrizit\u00e4ts-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs140a\">Aktien- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c ws0 gs140b\">gesellschaft </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs140c\">Revenue <span class=\"_ _23e\"> </span><span class=\"fc4\">1,043.5 <span class=\"_ _132\"> </span></span><span class=\"ff2f ls18\">1,483.9 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs140d\">Profit after tax <span class=\"_ _2f9\"> </span><span class=\"fc4 ls18 ws0\">154.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">134.6<span class=\"_ _92\"></span> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs140e\">Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs140f\">Profit or loss f<span class=\"_ _92\"></span>or t<span class=\"_ _43\"></span>he period attributable to VERBUND <span class=\"_ _145\"> </span><span class=\"fc4 ls18 ws0\">54.4 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">47.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws259 gs1410\">Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.4 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">43.0 </span></span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1f ws959 gs1411\">Share of prof<span class=\"_ _92\"></span>it or <span class=\"_ _43\"></span>loss from associates ac<span class=\"_ _92\"></span>counted for  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs1412\">using the equity method </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls29 ws0 gs1413\">36.0 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">4.3 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs1414\">Profit after tax <span class=\"_ _2f9\"> </span><span class=\"fc4 ls18 ws0\">154.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">134.6<span class=\"_ _92\"></span> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1415\">Other comprehensive income  <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>16.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.5 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs1416\">T<span class=\"_ _14\"></span>otal comprehensive income f<span class=\"_ _0\"></span>or the period <span class=\"_ _1db\"> </span><span class=\"fc4 ls18 ws0\">138.5 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">149.<span class=\"_ _92\"></span>1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs1417\">Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs1418\">T<span class=\"_ _14\"></span>otal comprehensive income fo<span class=\"_ _92\"></span>r the <span class=\"_ _43\"></span>period attributable to VERBUND <span class=\"_ _24b\"> </span><span class=\"fc4 ls18 ws0\">48.7 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">52.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws259 gs1419\">Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.9 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">44.5 </span></span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gs141a\">T<span class=\"_ _14\"></span>otal comprehensive income f<span class=\"_ _92\"></span>or the period from associates  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs141b\">accounted for using the equity method <span class=\"_ _1be\"> </span><span class=\"fc4 ls18 ws0\">29.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">8.0 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs141c\">Dividends received from associates<span class=\"_ _92\"></span> <span class=\"_ _2cd\"> </span><span class=\"fc4 ls18 ws0\">17.6 <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">21.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span></div>KEL<span class=\"_ _43\"></span>AG\u2019<span class=\"_ _92\"></span>s resolutions on the distr<span class=\"_ _43\"></span>ibution of dividends<span class=\"_ _43\"></span> must be approved with a simple majority. K\u00e4rntn<span class=\"_ _92\"></span>er Energieholding Beteiligun<span class=\"_ _92\"></span>gs GmbH holds 51 <span class=\"_ _86\"></span>% of the shar<span class=\"_ _92\"></span>es in KELAG and therefor<span class=\"_ _92\"></span>e determines their dis<span class=\"_ _92\"></span>tribution p<span class=\"_ _43\"></span>olicy. Individually material as<span class=\"ls94 ws464\">sociates: balance sheet <span class=\"_ _ae\"> </span></span><span class=\"ff2a fs7 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _2fb\"> </span><span class=\"fc4 ls159\">31/12/2021 <span class=\"_ _182\"> </span></span><span class=\"ff2c ls1eb\">31<span class=\"_ _43\"></span>/12/2022 </span>  <span class=\"_ _2f8\"> </span><span class=\"ff2f fc4 ls1a\">KELAG-K\u00e4rntner </span>Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft KELAG-K\u00e4rntner Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft Non-current assets <span class=\"_ _2fc\"> </span><span class=\"fc4 ls0 ws0\">1,947.7 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">2,553.0 </span></span>Current assets <span class=\"_ _1d9\"> </span><span class=\"fc4 ls0 ws0\">940.3 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">1,595.6 </span></span>Non-current liabilities <span class=\"_ _229\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,108.4 <span class=\"_ _10f\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,320.8 </span></span></span>Current liabilities <span class=\"_ _237\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>739.6 <span class=\"_ _10f\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,689.9 </span></span></span>Equity attributable to <span class=\"lscc ws0\">non-controllin<span class=\"ls2b ws29\">g interests <span class=\"_ _2fd\"> </span></span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>8.4 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">17.6 </span></span></span></span>Net assets <span class=\"_ _165\"> </span><span class=\"fc4 ls18 ws0\">1,<span class=\"_ _92\"></span>031.6 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,120.3 </span></span>Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span>Net assets attributab<span class=\"_ _92\"></span>le to VERBUND <span class=\"_ _b9\"> </span><span class=\"fc4 ls18 ws0\">362.<span class=\"_ _92\"></span>8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">394.0 </span></span>Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>72.8 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">99.6 </span></span></span></span>Carrying amount of associates acco<span class=\"_ _92\"></span>unted for using the equity method <span class=\"_ _96\"> </span><span class=\"fc4 ls18 ws0\">289.9 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">294.3<span class=\"_ _333\"> </span></span></span>The following list of Group<span class=\"_ _92\"></span> compan<span class=\"ls64 ws3fb\">ies prepared in accor<span class=\"_ _92\"></span>dance with <span class=\"ls96 ws631\">Section 245a(1) in conjunction with </span></span>Section 265(2) <span class=\"_ _2fe\"> </span>Austrian <span class=\"_ _83\"> </span>Commercial<span class=\"ls26 ws19d\"> Code (UGB) comprises VERBUND\u2019<span class=\"_ _14\"></span><span class=\"lsa2 ws76e\">s subsidiaries<span class=\"_ _92\"></span>, joint ventures </span></span>and associates<span class=\"_ _92\"></span>. In addition, this list also in<span class=\"_ _92\"></span>cludes unconsolidated subsidiaries and other jo<span class=\"_ _92\"></span>int venture<span class=\"_ _92\"></span>s and equity inter<span class=\"_ _92\"></span>ests of VERBUND not accounted for<span class=\"_ _92\"></span> using the equity method with an inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st of \u2265 20<span class=\"_ _333\"> </span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND AG  (VH) \u2013 Hydro <span class=\"_ _50\"> </span><span class=\"fc4 ls1ab ws0\">Wien <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _4f\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span></span></span></span>Innwerk AG  (VHP<span class=\"_ _14\"></span>-IW) Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>VERBUND Hydro Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VHP) <span class=\"_ _58\"> </span><span class=\"fc4 ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">80.54 % <span class=\"_ _1e\"> </span></span></span></span></span><span class=\"ls62\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.54 % </span></span></span></span>VERBUND Innkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _1d4\"> </span><span class=\"fc4 ls37\">T\u00f6ging <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span></span></span><span class=\"ws36\">70.27 % <span class=\"_ _218\"> </span></span><span class=\"fc0\">T\u00f6ging <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span></span></span><span class=\"ws36\">70.27 % </span></span></span>Donaukraftwerk Jochenstein Aktiengese<span class=\"_ _43\"></span>llschaft Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Grenzkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _16e\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % \u00d6sterreichisch-<span class=\"_ _333\"> </span>Bay<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rische Kraftwerk<span class=\"_ _92\"></span>e Aktiengese<span class=\"_ _43\"></span>llschaft <span class=\"_ _216\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % Ennskraftwerke Aktiengese<span class=\"_ _43\"></span>llschaft Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _94\"> </span></span></span></span><span class=\"fc0\">Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH &amp; Co KG <span class=\"_ _bd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH <span class=\"_ _7\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Ashta Beteiligungs-<span class=\"_ _333\"> </span>verwaltung GmbH  (VHP<span class=\"_ _92\"></span>-AL<span class=\"_ _14\"></span>-HII) Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">50.01 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">50.01 % </span></span>Energji Ashta Shpk  <span class=\"_ _187\"> </span><span class=\"fc4 ls1d ws0\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span><span class=\"fc0 ls1d\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lestin T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen Gesellschaft m.b.H. (LESTIN) <span class=\"_ _179\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _1e\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity Lestin &amp; Co. T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen GmbH  in liquidation Passau <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _187\"> </span><span class=\"lscc\">LESTIN <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _59\"> </span>\u2013 <span class=\"_ _b8\"> </span>\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span>Murkraftwerk Graz Errichtungs- und BetriebsgmbH <span class=\"_ _59\"> </span><span class=\"fc4 ls2f\">Gra<span class=\"_ _43\"></span>z <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span>VHP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.10 % <span class=\"_ _185\"> </span></span><span class=\"fc0\">Graz <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span></span>VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">25.10 % </span></span></span>VERBUND T<span class=\"_ _14\"></span>ourismus GmbH <span class=\"_ _94\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % <span class=\"_ _218\"> </span><span class=\"fc0 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % Manara HPP Operation Ltd. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _219\"> </span><span class=\"fc0 ls59\">Tel-Aviv <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">80.00 %<span class=\"_ _333\"> </span></span></span></span></span>Seg<span class=\"_ _43\"></span>men<span class=\"_ _43\"></span>t: N<span class=\"_ _43\"></span>ew renewab<span class=\"_ _43\"></span>le<span class=\"_ _43\"></span>s <span class=\"_ _302\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _c2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1cb\"> </span><span class=\"fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND Wind P<span class=\"_ _92\"></span>ower A<span class=\"_ _92\"></span>ustria GmbH (VRP<span class=\"_ _92\"></span>-A<span class=\"_ _92\"></span>T) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland GmbH (VGP<span class=\"_ _92\"></span>-DE) W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VGP) <span class=\"_ _18e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _b\"> </span></span></span></span></span><span class=\"ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> I<span class=\"_ _63\"></span>b<span class=\"_ _63\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>a<span class=\"_ _43\"></span>,<span class=\"_ _63\"></span> S.L.U. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Wind P<span class=\"_ _92\"></span>ower Romania SRL Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Windpark Dichtelbach GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></span>Infrastruktur Oberheimbach I GmbH &amp; Co. KG W\u00f6rr- stadt CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>W\u00f6rr- stadt CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>Infrastrukturgesell- schaft Bischheim GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">65.29 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.60 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland Photovoltaik GmbH Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W<span class=\"_ _92\"></span>att Development SPV 5 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL1) Pinos Puente CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 6 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL2) Pinos Puente <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _17f\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 7 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL3) <span class=\"_ _10d\"> </span><span class=\"fc4\">Valencia <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span></span></span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>nfraestructuras de Illora S.L. Barce-<span class=\"_ _333\"> </span>lona <span class=\"_ _8\"> </span>UC VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % <span class=\"_ _16\"> </span><span class=\"fc0 ls60 ws0\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % SOLA<span class=\"_ _92\"></span>VOL<span class=\"_ _14\"></span>T<span class=\"_ _92\"></span>A Energie- und Umwelttechnik GmbH Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ay<span class=\"_ _92\"></span>amonte S.L. <span class=\"_ _55\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _162\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _1d4\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _d4\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Lusitania Renovables S.L. <span class=\"_ _127\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Anselma Issuer<span class=\"_ _14\"></span>, S.A. (VGP<span class=\"_ _92\"></span>-IB-ANI) <span class=\"_ _69\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>opacio Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Catalpa Solar<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-CAS) <span class=\"_ _f1\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _92\"></span>, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _14\"></span>TES) <span class=\"_ _ba\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green P<span class=\"_ _92\"></span>ower<span class=\"_ _43\"></span> Ren<span class=\"_ _43\"></span>ewab<span class=\"_ _43\"></span>le Projects, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-GRP) <span class=\"_ _f1\"> </span><span class=\"fc4\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Sica Desarrollos Cuerva, S.L.U. <span class=\"_ _54\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ws0\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Los Navalmorales, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Albarreal, S.L.U. <span class=\"_ _16a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos T<span class=\"_ _14\"></span>otan\u00e9s, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SDC) <span class=\"_ _154\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span></span>CS VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span>\u00e9<span class=\"_ _81\"></span>s<span class=\"_ _63\"></span> Infraestructuras Comunes, S.L. <span class=\"_ _18d\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>SDC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">38.89 %<span class=\"_ _333\"> </span></span>Murcia Solar P<span class=\"_ _92\"></span>ark GmbH  (VGP<span class=\"_ _92\"></span>-IB-MUR) <span class=\"_ _123\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls1a\">Berlin <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baluma Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baviera Energy<span class=\"_ _80\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Blacky Energy<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-BLA) <span class=\"_ _e3\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Bolardo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Boyante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Braganza Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cairo Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Camareta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Carmesi Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cenida Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Comunidad de Bienes del Huerto Solar del Hinojar<span class=\"_ _14\"></span>, C.B. <span class=\"_ _2d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls2c\">Lorca <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>SVL <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">92.72 % </span>Cornamusa Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cruceta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cyopsa El Molino Energia Eolica, S.A.U. <span class=\"_ _1d8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>BLA <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Musas, S.L.U. <span class=\"_ _24c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _1f\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Ofion, S.L.U. (VGP<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>IB-ERO) <span class=\"_ _25\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Faballones Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Feanor Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Galadrien Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>Helice Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Imai Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _11b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Koe Ene<span class=\"_ _92\"></span>rgy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _66\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lima Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Miriel Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _4a\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Mosqueton Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Nairobi Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Natera Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Obenque Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orion Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _a5\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orla Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _3c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>anol Solar<span class=\"_ _92\"></span>, S.L. <span class=\"_ _127\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">51.00 % </span>P<span class=\"_ _92\"></span>enalara Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>erdiguero Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>eregrino Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>osets Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Radar Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Reclamo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rehala Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rotor Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sentina Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sextante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stopper Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stein V<span class=\"_ _92\"></span>on Liebig Balears I, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SVL) <span class=\"_ _128\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>MUR <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>T<span class=\"_ _333\"> </span><span class=\"_ _14\"></span>rufa Energy<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower V<span class=\"_ _14\"></span>alderrama,<span class=\"_ _333\"> </span> S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>AL) <span class=\"_ _112\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>V<span class=\"_ _92\"></span>olateo Solar<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zelanda Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zuncho Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower Albania<span class=\"_ _333\"> </span> Sh.p.k. <span class=\"_ _303\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16d\"> </span><span class=\"ls1d\">Tirana <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31\"><span class=\"ls1d\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>PV Invest Project 3<span class=\"_ _333\"> </span> S.R.L.  <span class=\"_ _2c0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _183\"> </span><span class=\"ls33\">Sternatia <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31 ws0\"><span class=\"ls33\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head-<span class=\"_ _333\"> </span></span><span class=\"ff2f fc4 ls1d\"> </span>quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> Head-<span class=\"_ _333\"> </span> quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> VERBUND AG<span class=\"_ _333\"> </span> (VH)\u2013  Sales activities <span class=\"_ _68\"> </span><span class=\"fc4 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ws0\"><span class=\"lscc\"><span class=\"ls31\"> </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc\"><span class=\"ls31\"> </span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> Germany GmbH <span class=\"_ _190\"> </span><span class=\"fc4 ls59 ws0\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls59 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> GmbH (VEB) <span class=\"_ _5b\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Customer<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span> GmbH (VEC) <span class=\"_ _59\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _177\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Flex G<span class=\"_ _92\"></span>mbH <span class=\"_ _17\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Future<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _46\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">74.90 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls37 ws36\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS EnBW<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls62\"><span class=\"ls2f\"> </span></span>SMA-<span class=\"_ _333\"> </span>TRICS <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span><span class=\"ls2f\"> </span>SMATRIC<span class=\"_ _333\"> </span>S GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>VERBUND T<span class=\"_ _14\"></span>rading<span class=\"_ _333\"> </span> Romania S.R.L.  in liquidation<span class=\"_ _333\"> </span> Bucha-<span class=\"_ _333\"> </span> rest <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span><span class=\"ls0\"> </span>VEB<span class=\"_ _333\"> </span> VH<span class=\"_ _333\"> </span> 99.00 %<span class=\"_ _333\"> </span> 1.00 %<span class=\"_ _333\"> </span> \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _14\"></span>rading Serbia d.o.o. -  u likvidaciji/ in liquidation Belgrade <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 E-Mobility Provider Austria GmbH<span class=\"_ _92\"></span> Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">74.90 % </span></span></span>smart Energy Services GmbH <span class=\"_ _1cd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span></span>Segment: Grid <span class=\"_ _305\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Austrian P<span class=\"_ _14\"></span>ower Grid AG (APG) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Gas Connect Austria GmbH (GC<span class=\"_ _92\"></span>A) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Austrian Gas Grid Management AG (AGGM<span class=\"_ _92\"></span>) <span class=\"_ _17d\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG) <span class=\"_ _126\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">15.53 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">15.53 % </span></span></span></span></span>AGCS Gas Clearing and Settlement A<span class=\"_ _92\"></span>G Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _1e8\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">23.13 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">23.13 % </span></span></span></span>ASGM Austrian Strategic Gas Storage Manage- ment GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _a8\"> </span><span class=\"ls31\">AGGM <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>OeMAG Abwicklungsstelle f\u00fcr \u00d6kostrom AG <span class=\"_ _190\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">24.40 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">24.40 % </span></span></span></span></span>VUM V<span class=\"_ _92\"></span>erfahren Umwelt Manage- ment GmbH Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Equigy B.<span class=\"_ _14\"></span>V<span class=\"_ _14\"></span>. Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">20.00 % </span></span></span>Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">20.00 %<span class=\"_ _333\"> </span></span></span></span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls7f ws23e gs16e5\">All other segments: Equity <span class=\"_ _92\"></span>interests <span class=\"_ _290\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs16e6\">  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs0 fc0 sc0 ls22c ws0 gs16e7\">Company <span class=\"_ _60\"> </span><span class=\"ff2f fs8 fc4 ls1d\">Head- </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls61 ws0 gs16e8\">quarters </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws0 gs16e9\">Consoli- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls37 ws0 gs16ea\">dation </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lsca ws0 gs16eb\">method </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs16ec\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls24 ws0 gs16ed\">company </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs16ee\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1c ws0 gs16ef\">com- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls28 ws0 gs16f0\">pany's </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws35e gs16f1\">share of </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gs16f2\">equity </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs16f3\">Head- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs16f4\">quarters </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs16f5\">Consoli- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs16f6\">dation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws0 gs16f7\">method </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs16f8\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws0 gs16f9\">company </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs16fa\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws0 gs16fb\">com- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls28 ws0 gs16fc\">pany's </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs16fd\">share of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs16fe\">equity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs16ff\">VERBUND AG (VH) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs1700\">\u2013 Equity interests<span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls62 ws0 gs1701\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs1702\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws0 gs1703\">KELAG-K\u00e4rntner<span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws0 gs1704\">Elektrizit\u00e4ts-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls49 ws0 gs1705\">Aktiengese<span class=\"_ _43\"></span>llschaft </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls21 ws0 gs1706\">Klagen- </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs1707\">furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">35.17 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws0 gs1708\">Klagen- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs1709\">furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">35.17 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs170a\">C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH &amp;  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws25e gs170b\">Co. KG </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls62 ws0 gs170c\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs170d\">C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH <span class=\"_ _2c\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"fc0\"><span class=\"ls0\"><span class=\"ls37 ws36\"> </span></span></span></span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls27f wsbfc gs170f\">CS = Conso<span class=\"_ _92\"></span>lidated subsidia<span class=\"_ _92\"></span>ry / EM = Investee<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>accounte<span class=\"_ _92\"></span>d for using <span class=\"ls54 ws56\">the equity method / JO = Jo<span class=\"_ _43\"></span>int operation, proportionate <span class=\"_ _43\"></span>inclus<span class=\"ls4d ws4f\">ion <span class=\"_ _43\"></span>of assets an<span class=\"_ _43\"></span>d liabiliti<span class=\"_ _43\"></span>es as well<span class=\"_ _43\"></span> as income<span class=\"_ _43\"></span> </span></span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gs1710\">and expenses / UC<span class=\"_ _43\"></span> = Unconsoli<span class=\"_ _43\"></span>dated entities du<span class=\"_ _43\"></span>e to immater<span class=\"_ _43\"></span>iality or lack <span class=\"_ _43\"></span>of significant in<span class=\"_ _43\"></span>fluence </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs1711\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls55 ws57 gs1712\"> joint ventu<span class=\"_ _43\"></span>res // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs1713\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3d ws3b gs1714\"> VERBUND Thermal Powe<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>GmbH holds an inte<span class=\"_ _92\"></span>rest of &lt; 0.01 % as a limited partner of VERBUND T<span class=\"_ _92\"></span>her<span class=\"_ _43\"></span>mal Power Gmb<span class=\"_ _92\"></span>H &amp; <span class=\"_ _43\"></span>Co KG<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-577": {
   "value": "The result fr<span class=\"_ _92\"></span>om interests <span class=\"_ _92\"></span>accounted for using the equity method c<span class=\"_ _92\"></span>an be attributed mainly to KELAG-<span class=\"_ _333\"> </span>K\u00e4rntn<span class=\"_ _92\"></span>er Elektrizit\u00e4ts-Aktien<span class=\"_ _92\"></span>gesellschaft (KELAG), wh<span class=\"ls83 ws374\">ich oper<span class=\"_ _92\"></span>ates business lines pr<span class=\"_ _92\"></span>oviding electricity, </span>gas a<span class=\"_ _43\"></span>nd h<span class=\"_ _43\"></span>eat. Other result fr<span class=\"_ _92\"></span>om equity interests <span class=\"_ _6f\"> </span><span class=\"ff2a fs7 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Income from equity inter<span class=\"_ _92\"></span>ests and unconsolidated subsidiari<span class=\"_ _92\"></span>es <span class=\"_ _24a\"> </span><span class=\"fc4 ls0 ws0\">8.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">8<span class=\"_ _43\"></span>.3 </span></span>Income from the disposal of e<span class=\"_ _92\"></span>quity interests and unconsolidated sub<span class=\"_ _92\"></span>sidiaries <span class=\"_ _123\"> </span><span class=\"fc4 ls0 ws0\">12.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.2 </span></span>Expenses arising from<span class=\"_ _0\"></span> equity intere<span class=\"ls1f ws20\">sts and unconso<span class=\"_ _92\"></span>lidated subsidiaries <span class=\"_ _24b\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.<span class=\"_ _92\"></span>6 </span></span></span></span>Other result from equity interests <span class=\"_ _5e\"> </span><span class=\"fc4 ls18 ws0\">19.5 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">8.0<span class=\"_ _333\"> </span></span></span>The impairment in the financial r<span class=\"_ _92\"></span>e<span class=\"ls63 ws7bc\">sult for the 2022 reporting period re<span class=\"lsab ws1f8\">lates to the investmen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s in Trans </span></span>Austria G<span class=\"_ _92\"></span>asleitung GmbH (<span class=\"_ _43\"></span>T<span class=\"_ _14\"></span>AG) and Ashta Beteil<span class=\"ls26 ws7ca\">igungsverwaltung GmbH, w<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ich are acco<span class=\"_ _92\"></span>unted for </span>using the equity method<span class=\"_ _92\"></span>.  Ma<span class=\"_ _92\"></span>jor changes in the energ<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> industry environm<span class=\"_ _92\"></span>ent, in particular the significan<span class=\"_ _92\"></span>t increase in electricity and gas prices<span class=\"_ _92\"></span>, prompted T<span class=\"_ _14\"></span>AG to conduct an impairment tes<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span>Impairment test \u2013 T<span class=\"_ _80\"></span>rans Austria Gasleitung <span class=\"_ _92\"></span>GmbH    <span class=\"_ _173\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _16\"> </span><span class=\"fc4 ls27 ws27\">Trans Austria Gasleitung GmbH,  </span>Austrian transmission system opera<span class=\"_ _92\"></span>tor Trans Austria Gasl<span class=\"ls19 ws33\">eitung GmbH,  </span>Austrian transmission system operator<span class=\"_ _92\"></span> T<span class=\"_ _14\"></span>riggering event for  (an increase in) impairment Significant changes in the  energy industry environment Significant changes in the  energy industry environment Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _a7\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _219\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls1c ws1d\">Trans Austria Gasleitung GmbH budgets </span>(based primarily on near-market data) Trans Austria Gaslei<span class=\"ls5b ws2e\">tung GmbH budgets </span>(based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _65\"> </span><span class=\"fc4 ls9c ws190\">Capacity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _214\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariff<span class=\"_ _92\"></span>s published by the regulator <span class=\"_ _177\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by<span class=\"_ _43\"></span> the </span></span>regulator Planning period <span class=\"_ _23\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years;  </span>rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d8\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _1e\"> </span><span class=\"fc4 ls59 ws0\">\u20ac51.6m <span class=\"_ _1aa\"> </span><span class=\"ff2f fc0 ls18\">\u20ac21.9m </span></span>Impairment losses  during the period<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">18.3m <span class=\"_ _256\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span>46.2m </span></span>1 Impairment incl. tax gro<span class=\"_ _92\"></span>ss<span class=\"_ _43\"></span> up. An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognised in the 2022 re<span class=\"_ _92\"></span>porting period in the amount of \u20ac3<span class=\"ls1c9 wsa4d\">.3m as at 30 June 2022.<span class=\"_ _92\"></span> As at 31 December </span>2022, the impairm<span class=\"_ _92\"></span>ent<span class=\"_ _43\"></span> recognised during the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>year increased to \u20ac46.<span class=\"_ _92\"></span>2m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or T<span class=\"_ _14\"></span>rans <span class=\"ls85 wsd6\">Austria Gasleitung GmbH<span class=\"_ _92\"></span> 31/12/2022</span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">0.5m </span>\u20ac+<span class=\"fsa\"> </span>0.5m 1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"ls136 wsb12\">ation of the effe<span class=\"_ _43\"></span>cts.  </span>Sensitivity analysis f<span class=\"_ _92\"></span>or T<span class=\"_ _14\"></span>rans <span class=\"ls85 wsd6\">Austria Gasleitung GmbH<span class=\"_ _92\"></span> 31/12/2021 </span>  <span class=\"_ _42\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the </span>ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls59 ws5a\">0.9m  </span>\u20ac+<span class=\"fsa\"> </span>0.9m The updated electricity price fo<span class=\"ls78 ws6ec\">r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>casts and the discount ra<span class=\"_ _92\"></span>tes adjusted as at 31 <span class=\"_ _88\"></span>December 2022 </span>prompted Ashta Beteiligungsverwaltung Gm<span class=\"ls80 wsde\">bH to conduct an impairment test. </span>Impairment<span class=\"_ _43\"></span> test \u2013 Ashta Beteil<span class=\"_ _43\"></span>igungsverwaltung GmbH    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls32 ws2e\">VERBUND and EVN AG joint venture that </span>holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates<span class=\"_ _92\"></span> a  two-stage Hydromatrix po<span class=\"_ _92\"></span>wer plant  (installed capacity: 53 MW) in Al<span class=\"_ _92\"></span>bania VERBUND and EVN AG joint venture that holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates a  two-stage Hydromatrix power plant  (installed capacity: 53 MW) in Albania Indications of a (reduction in) impairment Updated electricity price forecasts and updated discount rate<span class=\"_ _92\"></span> Updated electricity <span class=\"lsca ws30\">price forecasts and </span>updated discount rate Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls25 ws25\">Budgets o<span class=\"_ _92\"></span>f Energji Ashta Shpk <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls59 ws22\">Budgets of Energji Ashta Shpk </span></span>V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls1e ws1f\">The annu<span class=\"_ _92\"></span>al output corresponding to the </span>mean energy capability of 242 GWh The annual output corresponding to the mean energy capability of 242 GWh Price <span class=\"_ _209\"> </span><span class=\"fc4 ls0\">2022\u2013<span class=\"fsa\"> </span><span class=\"ls20 ws21\">2028: Electricity prices based on </span></span>purchase agreement with KESH 2029\u2013<span class=\"fsa\"> </span><span class=\"ls60 ws61\">2043: Internal price forecasts </span>2023\u2013<span class=\"fsa ls0\"> </span><span class=\"ls46 ws2b\">2028: Electricity prices base<span class=\"_ _92\"></span>d on </span>purchase agreement with KESH 2029\u2013<span class=\"fsa ls0\"> </span><span class=\"ls1f ws959\">2043: Inter<span class=\"_ _92\"></span>nal price forecasts </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls25 ws25\">Detailed planning phase: 1 year;  </span>rough planning phase: 21 years  (long-term reinvestment, repair and maintenance cycles for <span class=\"ls148 wsb19\">hydropower plants) </span>Detailed planning phase: 1 year;  rough planning phase: 20 years  (long-term reinvestment, repair and maintenance cycles for hydropower plants) Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price forecasts and discount rate <span class=\"_ _183\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price forecasts and discount </span>rate After-tax di<span class=\"_ _92\"></span>scount rate<span class=\"_ _333\"> </span>1 <span class=\"_ _258\"> </span><span class=\"fc4 ls1d ws1e\">WACC after taxes (2022\u2013</span><span class=\"fsa fc4\"> <span class=\"fs8 ls2b ws29\">2028): 7.75 % </span></span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws29\">2043): 8.50 % </span>WACC after taxes (2023\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>028): 10.75 % </span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>043): 12.50 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws5e\">\u20ac18.9m  <span class=\"_ _145\"> </span></span><span class=\"ff2f ls18 ws0\">\u20ac19.2m </span>Change in value  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>16.8m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls102\">0.3m </span></span>1 The iterati<span class=\"_ _92\"></span>vely calculated implicit<span class=\"_ _92\"></span> pre-tax interest rate was 13.79 % (previ<span class=\"_ _92\"></span>ous year: 9.37 %). // 2 An impairment loss had<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>lready been rec<span class=\"_ _0\"></span>ognised in the 2022 reporti<span class=\"_ _92\"></span>ng period in the amount of \u20ac0.9m as at 30 June<span class=\"_ _92\"></span> 2022. As at 31 December 2022, the impairment re<span class=\"_ _92\"></span>cognised during the year decreased to \u20ac0.3m<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or Ashta Be<span class=\"ls129 ws8df\">teiligungsverw<span class=\"_ _92\"></span>altung GmbH 31/12/2022<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _be\"> </span><span class=\"ls60 ws61\">\u20ac99.04 per MWh <span class=\"_ _da\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>3.3m \u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">3.3m </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d4\"> </span><span class=\"ls2b ws29\">10.75 % (12.5 %) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>1.0m \u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">1.0m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e remaine<span class=\"ls204 wsb18\">d c<span class=\"_ _43\"></span>onstant. However,<span class=\"_ _43\"></span> in reality <span class=\"_ _43\"></span>changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n. </span>Sensitivity analysis f<span class=\"_ _92\"></span>or Ashta Be<span class=\"ls129 ws8df\">teiligungsverw<span class=\"_ _92\"></span>altung GmbH 31/12/2021 <span class=\"_ _259\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></span>V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets Electricity price <span class=\"_ _f8\"> </span><span class=\"ls34 ws32\">\u20ac73.2 per MWh <span class=\"_ _d5\"> </span><span class=\"ls2c ws1b\">\u00b1 5 % </span></span>\u20ac+<span class=\"fsa\"> </span>2.9m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.9m </span>After tax discount rate <span class=\"_ _a4\"> </span><span class=\"ls2b ws29\">7.75 % (8.5 %) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac+<span class=\"fsa\"> </span>1.0m \u20ac<span class=\"ff2f\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls1a\">1.0m<span class=\"_ _333\"> </span></span>4.5<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb61\">Interests accounted for us<span class=\"ls101 wsacc\">ing the equity method </span></span>The carrying amoun<span class=\"_ _92\"></span>ts of interests accoun<span class=\"_ _92\"></span>ted for using the equity method ar<span class=\"_ _92\"></span>e adjusted to<span class=\"_ _92\"></span> reflect changes in the investee<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s net assets in accor<span class=\"_ _92\"></span>dance with IAS 28 no later th<span class=\"_ _92\"></span>an one quarter following the underlying changes<span class=\"_ _92\"></span>. If VERBUND\u2019<span class=\"_ _14\"></span>s share of l<span class=\"_ _92\"></span>osses from an int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rest acco<span class=\"_ _92\"></span>unted for using the equity me<span class=\"_ _92\"></span>thod corres<span class=\"_ _92\"></span>ponds to or exceeds the carrying amoun<span class=\"_ _92\"></span>t of th<span class=\"ls74 ws920\">e equity inter<span class=\"_ _92\"></span>est, additional losses ar<span class=\"_ _92\"></span>e only taken </span>into accoun<span class=\"_ _92\"></span>t and recognised as a liability to th<span class=\"_ _92\"></span>e extent that leg<span class=\"_ _92\"></span>al or constructive obligat<span class=\"_ _92\"></span>ions were undertaken or pa<span class=\"_ _92\"></span>yments were m<span class=\"_ _92\"></span>ade for the equity-accounted inter<span class=\"_ _92\"></span>est. The carrying amount of the equity-accounted int<span class=\"_ _92\"></span>erest includes the shar<span class=\"_ _92\"></span>e calculated based on<span class=\"_ _92\"></span> equity method accounting plus all<span class=\"_ _92\"></span> long-term equity inter<span class=\"_ _92\"></span>ests that ar<span class=\"_ _92\"></span>e to be allocated to the net in<span class=\"_ _92\"></span>vestment in the equity-accoun<span class=\"_ _92\"></span>ted interest based on their economi<span class=\"_ _92\"></span>c substance. Net in<span class=\"_ _92\"></span>vestments in associated compan<span class=\"_ _92\"></span>ies and joint ventures <span class=\"_ _92\"></span>are tested for objective indica<span class=\"_ _92\"></span>tions of<span class=\"_ _43\"></span> impairment at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. If there ar<span class=\"_ _92\"></span>e any such indic<span class=\"_ _92\"></span>ations, an impairment t<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st must b<span class=\"_ _92\"></span>e conducted for int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rests accoun<span class=\"_ _92\"></span>ted for using the equity method in accor<span class=\"_ _92\"></span>dance with IAS 36<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Interests acc<span class=\"_ _92\"></span>ounted for using the eq<span class=\"_ _0\"></span>uity method<span class=\"_ _92\"></span> <span class=\"_ _23f\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _28c\"> </span><span class=\"fc4 ls0 ws0\">294.7 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">417.5 </span></span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _1c1\"> </span><span class=\"fc4 ls0 ws0\">107.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Additions <span class=\"_ _28d\"> </span><span class=\"fc4 ls0\">9.8 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">4.0 </span>Dividends <span class=\"_ _28e\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>5.4 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.9 </span></span></span>Result from eq<span class=\"ls102 ws31a\">uity accounting <span class=\"_ _1fe\"> </span><span class=\"fc4 ls0 ws0\">34.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">4.3 </span></span></span>Other comprehensive income <span class=\"ls27 ws27\">from equity<span class=\"_ _92\"></span> accounting <span class=\"_ _1aa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">3.6 </span></span></span>Disposals <span class=\"_ _28f\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>17.5 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.0 </span>Amortised cost as at 31/12 <span class=\"_ _26b\"> </span><span class=\"fc4 ls18 ws0\">417.5 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">425.4 </span></span>Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _d\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.8 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">13.3 </span></span></span>Impairment losses <span class=\"_ _290\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">46.5 </span></span></span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _e1\"> </span><span class=\"fc4 ls0 ws0\">16.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _71\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">13.3 <span class=\"_ _51\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">59.8<span class=\"_ _92\"></span> </span></span></span>Net carrying amount as at 31/12 <span class=\"_ _291\"> </span><span class=\"fc4 ls18 ws0\">404.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">365.5<span class=\"_ _92\"></span> </span></span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _e1\"> </span><span class=\"fc4 ls0 ws0\">282.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">404.1 </span></span>A summary of aggreg<span class=\"_ _92\"></span>ated financial information for<span class=\"_ _92\"></span> the equity-accounted joint ventur<span class=\"_ _92\"></span>es and associates is pr<span class=\"_ _92\"></span>esented in sect<span class=\"ls26 ws340\">ion 13.4 Subsidiaries, join<span class=\"_ _92\"></span>t ventures and associat<span class=\"_ _92\"></span>es of VERBUND.<span class=\"_ _333\"> </span></span>4.6<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb23\">Other equity interests</span><span class=\"ls1ba wsb23\"> </span>Equity interests in unconsolidat<span class=\"_ _43\"></span>ed (for lack of mater<span class=\"_ _43\"></span>i<span class=\"ls83 ws45\">ality) subsidiaries<span class=\"_ _92\"></span>, associates and joint ventur<span class=\"_ _92\"></span>es not </span>accounted for usin<span class=\"_ _92\"></span>g the equity method and other equity inter<span class=\"_ _92\"></span>ests are accoun<span class=\"_ _0\"></span>ted for in accordance with IFRS <span class=\"_ _87\"></span>9. If these equity<span class=\"_ _43\"></span> interests are held for the long term due to strategic considerations, they are classified as measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough other compre<span class=\"_ _92\"></span>hensive income (FVO<span class=\"_ _43\"></span>CI). Otherwise they are classified as measur<span class=\"_ _92\"></span>ed at fair value thro<span class=\"_ _92\"></span>ugh profit or los<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> (FVPL). The fair value of the<span class=\"_ _92\"></span> equity interests is derived, dep<span class=\"_ _43\"></span>ending on the situation, from market quotations, compara<span class=\"_ _92\"></span>ble<span class=\"_ _43\"></span> recent transactions, valuations based on th<span class=\"_ _43\"></span>e discounted cash flow or market multiples me<span class=\"_ _43\"></span>thods and/or cost<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls10b ws1a1 gs960\">Other equity <span class=\"_ _92\"></span>interests <span class=\"_ _ca\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs961\">  <span class=\"_ _292\"> </span><span class=\"ff2f ls1c ws61b\">Interests in </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws0 gs962\">unconsolidated </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws0 gs963\">subsidiaries </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs964\">Other equity </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws0 gs965\">interests </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs966\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs967\">2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs968\">(Amortised) cost as a<span class=\"_ _92\"></span>t 1/1 <span class=\"_ _b1\"> </span><span class=\"ls0 ws0\">4.8 <span class=\"_ _3\"> </span>143.1 <span class=\"_ _127\"> </span>147.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs969\">Additions from acquisitio<span class=\"_ _92\"></span>ns of interests and  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs96a\">capital increases </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs96b\">13.4 <span class=\"_ _60\"> </span>0.1 <span class=\"_ _de\"> </span>13.5 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs96c\">Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1e wsb20 gs96d\">(Amortised) cost as at 31/12<span class=\"_ _92\"></span> <span class=\"_ _1cc\"> </span><span class=\"ls18 ws0\">17.8 <span class=\"_ _125\"> </span><span class=\"ls49\">143.2 <span class=\"_ _16a\"> </span></span>161.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs96e\">Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _1\"> </span><span class=\"ls0 ws0\">9.3 <span class=\"_ _9c\"> </span>19.9 <span class=\"_ _de\"> </span>29.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs96f\">Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _293\"> </span><span class=\"ls0 ws0\">1.9 <span class=\"_ _60\"> </span>0.6 <span class=\"_ _61\"> </span>2.5 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs970\">Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _57\"> </span><span class=\"ls18 ws0\">11.2 <span class=\"_ _133\"> </span>20.5 <span class=\"_ _12b\"> </span><span class=\"ls29\">31<span class=\"_ _43\"></span>.7 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs971\">Net carrying amount as at 31/12 <span class=\"_ _1e1\"> </span><span class=\"ls18 ws0\">29.<span class=\"_ _92\"></span>0 <span class=\"_ _53\"> </span><span class=\"ls49\">163.7 <span class=\"_ _16a\"> </span></span>192.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs972\">Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">14.1 <span class=\"_ _3\"> </span>163.0 <span class=\"_ _127\"> </span>177.1 </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls10b ws1a1 gs973\">Other equity <span class=\"_ _92\"></span>interests <span class=\"_ _ca\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gs974\">Interests in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws0 gs975\">unconsolidated </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws0 gs976\">subsidiaries </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs977\">Other equity </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws0 gs978\">interests </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs979\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs97a\">2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs97b\">(Amortised) cost as a<span class=\"_ _92\"></span>t 1/1 <span class=\"_ _b1\"> </span><span class=\"ls0 ws0\">5.3 <span class=\"_ _3\"> </span>133.9 <span class=\"_ _127\"> </span>139.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs97c\">Change in the basis of consolidation <span class=\"_ _1b1\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _16c\"> </span>8.6 <span class=\"_ _61\"> </span>8.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs97d\">Additions from acquisitio<span class=\"_ _92\"></span>ns of interests and  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs97e\">capital increases <span class=\"_ _291\"> </span>0.0 <span class=\"_ _16c\"> </span>0.6 <span class=\"_ _61\"> </span>0.6 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs97f\">Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.2 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1e wsb20 gs980\">(Amortised) cost as at 31/12<span class=\"_ _92\"></span> <span class=\"_ _13\"> </span><span class=\"ls18 ws0\">4.8 <span class=\"_ _125\"> </span><span class=\"ls49\">143.1 <span class=\"_ _16a\"> </span></span>147.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs981\">Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _1\"> </span><span class=\"ls0 ws0\">6.5 <span class=\"_ _60\"> </span>0.1 <span class=\"_ _61\"> </span>6.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs982\">Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _293\"> </span><span class=\"ls0 ws0\">2.8 <span class=\"_ _9c\"> </span>19.8 <span class=\"_ _de\"> </span>22.6 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs983\">Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _d3\"> </span><span class=\"ls31 ws0\">9<span class=\"_ _43\"></span>.3 <span class=\"_ _9d\"> </span><span class=\"ls18\">19.9 <span class=\"_ _9c\"> </span>29.2 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs984\">Net carrying amount as at 31/12 <span class=\"_ _1e1\"> </span><span class=\"ls18 ws0\">14.<span class=\"_ _92\"></span>1 <span class=\"_ _53\"> </span><span class=\"ls49\">163.0 <span class=\"_ _16a\"> </span></span>177.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs985\">Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">11.9 <span class=\"_ _3\"> </span>134.0 <span class=\"_ _127\"> </span>145.8<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs987\">4.6.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls1fa wsb67 gs988\">Other equity<span class=\"_ _92\"></span> </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls244 ws0 gs989\">int<span class=\"_ _43\"></span>erests </div>13.4<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"lsef ws877\">Subsidiaries, joint ventures and associates of VERBUND<span class=\"_ _333\"> </span></span>The tables belo<span class=\"_ _92\"></span>w show a summary of aggr<span class=\"_ _92\"></span>egated financial info<span class=\"_ _92\"></span>r<span class=\"_ _43\"></span>mation fo<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>the associates o<span class=\"_ _92\"></span>f VERBUND accounted for usin<span class=\"_ _92\"></span>g the equity method br<span class=\"_ _92\"></span>oken down according t<span class=\"_ _92\"></span>o material associates <span class=\"_ _92\"></span>and individually immaterial<span class=\"_ _92\"></span> ass<span class=\"_ _43\"></span>ociates<span class=\"_ _92\"></span>. As a general rule, the r<span class=\"_ _92\"></span>eference da<span class=\"_ _92\"></span>te for investee balance she<span class=\"_ _92\"></span>et data is 30 <span class=\"_ _88\"></span>S<span class=\"_ _43\"></span>eptember 2022 (see section <span class=\"_ _87\"></span>1.2 F<span class=\"_ _92\"></span>inancial reportin<span class=\"ls6d ws589\">g principles); the data <span class=\"ls75 ws824\">are based on disclosed </span></span>financial sta<span class=\"_ _92\"></span>tements and/or on data updat<span class=\"_ _92\"></span>ed to the best of VERBUND\u2019<span class=\"_ _14\"></span>s knowl<span class=\"_ _0\"></span>edge. Individually material associates: st<span class=\"_ _92\"></span><span class=\"lsc4 ws2b2\">atement of comprehensive i<span class=\"_ _92\"></span>n<span class=\"_ _43\"></span>come  <span class=\"_ _192\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2f8\"> </span><span class=\"ff2f fc4 ls1a\">KELAG-K\u00e4rntner </span>Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft KELAG-K\u00e4rntner Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft Revenue <span class=\"_ _23e\"> </span><span class=\"fc4\">1,043.5 <span class=\"_ _132\"> </span></span><span class=\"ff2f ls18\">1,483.9 </span>Profit after tax <span class=\"_ _2f9\"> </span><span class=\"fc4 ls18 ws0\">154.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">134.6<span class=\"_ _92\"></span> </span></span>Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span>Profit or loss f<span class=\"_ _92\"></span>or t<span class=\"_ _43\"></span>he period attributable to VERBUND <span class=\"_ _145\"> </span><span class=\"fc4 ls18 ws0\">54.4 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">47.3 </span></span>Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.4 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">43.0 </span></span></span></span>Share of prof<span class=\"_ _92\"></span>it or <span class=\"_ _43\"></span>loss from associates ac<span class=\"_ _92\"></span>counted for  using the equity method 36.0 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">4.3 </span>Profit after tax <span class=\"_ _2f9\"> </span><span class=\"fc4 ls18 ws0\">154.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">134.6<span class=\"_ _92\"></span> </span></span>Other comprehensive income  <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>16.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.5 </span></span>T<span class=\"_ _14\"></span>otal comprehensive income f<span class=\"_ _0\"></span>or the period <span class=\"_ _1db\"> </span><span class=\"fc4 ls18 ws0\">138.5 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">149.<span class=\"_ _92\"></span>1 </span></span>Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span>T<span class=\"_ _14\"></span>otal comprehensive income fo<span class=\"_ _92\"></span>r the <span class=\"_ _43\"></span>period attributable to VERBUND <span class=\"_ _24b\"> </span><span class=\"fc4 ls18 ws0\">48.7 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">52.4 </span></span>Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.9 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">44.5 </span></span></span></span>T<span class=\"_ _14\"></span>otal comprehensive income f<span class=\"_ _92\"></span>or the period from associates  accounted for using the equity method <span class=\"_ _1be\"> </span><span class=\"fc4 ls18 ws0\">29.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">8.0 </span></span>Dividends received from associates<span class=\"_ _92\"></span> <span class=\"_ _2cd\"> </span><span class=\"fc4 ls18 ws0\">17.6 <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">21.1<span class=\"_ _333\"> </span></span></span><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls28 ws2ee gs1420\">KEL<span class=\"_ _43\"></span>AG\u2019<span class=\"_ _92\"></span>s resolutions on the distr<span class=\"_ _43\"></span>ibution of dividends<span class=\"_ _43\"></span> must be approved with a simple majority. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 wsbf9 gs1421\">K\u00e4rntn<span class=\"_ _92\"></span>er Energieholding Beteiligun<span class=\"_ _92\"></span>gs GmbH holds 51 <span class=\"_ _86\"></span>% of the shar<span class=\"_ _92\"></span>es in KELAG and therefor<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs1422\">determines their dis<span class=\"_ _92\"></span>tribution p<span class=\"_ _43\"></span>olicy. </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws63a gs1423\">Individually material as<span class=\"ls94 ws464\">sociates: balance sheet <span class=\"_ _ae\"> </span></span><span class=\"ff2a fs7 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs1424\">  <span class=\"_ _2fb\"> </span><span class=\"fc4 ls159\">31/12/2021 <span class=\"_ _182\"> </span></span><span class=\"ff2c ls1eb\">31<span class=\"_ _43\"></span>/12/2022 </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1425\">  <span class=\"_ _2f8\"> </span><span class=\"ff2f fc4 ls1a\">KELAG-K\u00e4rntner </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls2b ws0 gs1426\">Elektrizit\u00e4ts-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls60 ws0 gs1427\">Aktien- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls2c ws0 gs1428\">gesellschaft </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs1429\">KELAG-K\u00e4rntner </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs142a\">Elektrizit\u00e4ts-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs142b\">Aktien- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c ws0 gs142c\">gesellschaft </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws259 gs142d\">Non-current assets <span class=\"_ _2fc\"> </span><span class=\"fc4 ls0 ws0\">1,947.7 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">2,553.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs142e\">Current assets <span class=\"_ _1d9\"> </span><span class=\"fc4 ls0 ws0\">940.3 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">1,595.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs142f\">Non-current liabilities <span class=\"_ _229\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,108.4 <span class=\"_ _10f\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,320.8 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs1430\">Current liabilities <span class=\"_ _237\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>739.6 <span class=\"_ _10f\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,689.9 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1431\">Equity attributable to <span class=\"lscc ws0\">non-controllin<span class=\"ls2b ws29\">g interests <span class=\"_ _2fd\"> </span></span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>8.4 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">17.6 </span></span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws95a gs1432\">Net assets <span class=\"_ _165\"> </span><span class=\"fc4 ls18 ws0\">1,<span class=\"_ _92\"></span>031.6 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,120.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs1433\">Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs1434\">Net assets attributab<span class=\"_ _92\"></span>le to VERBUND <span class=\"_ _b9\"> </span><span class=\"fc4 ls18 ws0\">362.<span class=\"_ _92\"></span>8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">394.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws259 gs1435\">Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>72.8 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">99.6 </span></span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws5a7 gs1436\">Carrying amount of associates acco<span class=\"_ _92\"></span>unted for using the equity method <span class=\"_ _96\"> </span><span class=\"fc4 ls18 ws0\">289.9 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">294.3<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span></div>List of  Group companies<span class=\"_ _333\"> </span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND AG  (VH) \u2013 Hydro <span class=\"_ _50\"> </span><span class=\"fc4 ls1ab ws0\">Wien <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _4f\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span></span></span></span>Innwerk AG  (VHP<span class=\"_ _14\"></span>-IW) Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>VERBUND Hydro Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VHP) <span class=\"_ _58\"> </span><span class=\"fc4 ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">80.54 % <span class=\"_ _1e\"> </span></span></span></span></span><span class=\"ls62\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.54 % </span></span></span></span>VERBUND Innkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _1d4\"> </span><span class=\"fc4 ls37\">T\u00f6ging <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span></span></span><span class=\"ws36\">70.27 % <span class=\"_ _218\"> </span></span><span class=\"fc0\">T\u00f6ging <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span></span></span><span class=\"ws36\">70.27 % </span></span></span>Donaukraftwerk Jochenstein Aktiengese<span class=\"_ _43\"></span>llschaft Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Grenzkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _16e\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % \u00d6sterreichisch-<span class=\"_ _333\"> </span>Bay<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rische Kraftwerk<span class=\"_ _92\"></span>e Aktiengese<span class=\"_ _43\"></span>llschaft <span class=\"_ _216\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % Ennskraftwerke Aktiengese<span class=\"_ _43\"></span>llschaft Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _94\"> </span></span></span></span><span class=\"fc0\">Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH &amp; Co KG <span class=\"_ _bd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH <span class=\"_ _7\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Ashta Beteiligungs-<span class=\"_ _333\"> </span>verwaltung GmbH  (VHP<span class=\"_ _92\"></span>-AL<span class=\"_ _14\"></span>-HII) Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">50.01 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">50.01 % </span></span>Energji Ashta Shpk  <span class=\"_ _187\"> </span><span class=\"fc4 ls1d ws0\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span><span class=\"fc0 ls1d\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lestin T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen Gesellschaft m.b.H. (LESTIN) <span class=\"_ _179\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _1e\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity Lestin &amp; Co. T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen GmbH  in liquidation Passau <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _187\"> </span><span class=\"lscc\">LESTIN <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _59\"> </span>\u2013 <span class=\"_ _b8\"> </span>\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span>Murkraftwerk Graz Errichtungs- und BetriebsgmbH <span class=\"_ _59\"> </span><span class=\"fc4 ls2f\">Gra<span class=\"_ _43\"></span>z <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span>VHP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.10 % <span class=\"_ _185\"> </span></span><span class=\"fc0\">Graz <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span></span>VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">25.10 % </span></span></span>VERBUND T<span class=\"_ _14\"></span>ourismus GmbH <span class=\"_ _94\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % <span class=\"_ _218\"> </span><span class=\"fc0 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % Manara HPP Operation Ltd. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _219\"> </span><span class=\"fc0 ls59\">Tel-Aviv <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">80.00 %<span class=\"_ _333\"> </span></span></span></span></span>Seg<span class=\"_ _43\"></span>men<span class=\"_ _43\"></span>t: N<span class=\"_ _43\"></span>ew renewab<span class=\"_ _43\"></span>le<span class=\"_ _43\"></span>s <span class=\"_ _302\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _c2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1cb\"> </span><span class=\"fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND Wind P<span class=\"_ _92\"></span>ower A<span class=\"_ _92\"></span>ustria GmbH (VRP<span class=\"_ _92\"></span>-A<span class=\"_ _92\"></span>T) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland GmbH (VGP<span class=\"_ _92\"></span>-DE) W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VGP) <span class=\"_ _18e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _b\"> </span></span></span></span></span><span class=\"ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> I<span class=\"_ _63\"></span>b<span class=\"_ _63\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>a<span class=\"_ _43\"></span>,<span class=\"_ _63\"></span> S.L.U. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Wind P<span class=\"_ _92\"></span>ower Romania SRL Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Windpark Dichtelbach GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></span>Infrastruktur Oberheimbach I GmbH &amp; Co. KG W\u00f6rr- stadt CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>W\u00f6rr- stadt CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>Infrastrukturgesell- schaft Bischheim GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">65.29 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.60 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland Photovoltaik GmbH Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W<span class=\"_ _92\"></span>att Development SPV 5 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL1) Pinos Puente CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 6 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL2) Pinos Puente <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _17f\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 7 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL3) <span class=\"_ _10d\"> </span><span class=\"fc4\">Valencia <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span></span></span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>nfraestructuras de Illora S.L. Barce-<span class=\"_ _333\"> </span>lona <span class=\"_ _8\"> </span>UC VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % <span class=\"_ _16\"> </span><span class=\"fc0 ls60 ws0\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % SOLA<span class=\"_ _92\"></span>VOL<span class=\"_ _14\"></span>T<span class=\"_ _92\"></span>A Energie- und Umwelttechnik GmbH Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ay<span class=\"_ _92\"></span>amonte S.L. <span class=\"_ _55\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _162\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _1d4\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _d4\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Lusitania Renovables S.L. <span class=\"_ _127\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Anselma Issuer<span class=\"_ _14\"></span>, S.A. (VGP<span class=\"_ _92\"></span>-IB-ANI) <span class=\"_ _69\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>opacio Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Catalpa Solar<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-CAS) <span class=\"_ _f1\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _92\"></span>, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _14\"></span>TES) <span class=\"_ _ba\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green P<span class=\"_ _92\"></span>ower<span class=\"_ _43\"></span> Ren<span class=\"_ _43\"></span>ewab<span class=\"_ _43\"></span>le Projects, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-GRP) <span class=\"_ _f1\"> </span><span class=\"fc4\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Sica Desarrollos Cuerva, S.L.U. <span class=\"_ _54\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ws0\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Los Navalmorales, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Albarreal, S.L.U. <span class=\"_ _16a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos T<span class=\"_ _14\"></span>otan\u00e9s, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SDC) <span class=\"_ _154\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span></span>CS VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span>\u00e9<span class=\"_ _81\"></span>s<span class=\"_ _63\"></span> Infraestructuras Comunes, S.L. <span class=\"_ _18d\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>SDC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">38.89 %<span class=\"_ _333\"> </span></span>Murcia Solar P<span class=\"_ _92\"></span>ark GmbH  (VGP<span class=\"_ _92\"></span>-IB-MUR) <span class=\"_ _123\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls1a\">Berlin <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baluma Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baviera Energy<span class=\"_ _80\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Blacky Energy<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-BLA) <span class=\"_ _e3\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Bolardo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Boyante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Braganza Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cairo Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Camareta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Carmesi Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cenida Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Comunidad de Bienes del Huerto Solar del Hinojar<span class=\"_ _14\"></span>, C.B. <span class=\"_ _2d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls2c\">Lorca <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>SVL <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">92.72 % </span>Cornamusa Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cruceta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cyopsa El Molino Energia Eolica, S.A.U. <span class=\"_ _1d8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>BLA <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Musas, S.L.U. <span class=\"_ _24c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _1f\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Ofion, S.L.U. (VGP<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>IB-ERO) <span class=\"_ _25\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Faballones Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Feanor Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Galadrien Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>Helice Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Imai Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _11b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Koe Ene<span class=\"_ _92\"></span>rgy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _66\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lima Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Miriel Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _4a\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Mosqueton Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Nairobi Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Natera Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Obenque Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orion Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _a5\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orla Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _3c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>anol Solar<span class=\"_ _92\"></span>, S.L. <span class=\"_ _127\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">51.00 % </span>P<span class=\"_ _92\"></span>enalara Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>erdiguero Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>eregrino Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>osets Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Radar Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Reclamo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rehala Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rotor Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sentina Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sextante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stopper Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stein V<span class=\"_ _92\"></span>on Liebig Balears I, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SVL) <span class=\"_ _128\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>MUR <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>rufa Energy<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower V<span class=\"_ _14\"></span>alderrama,<span class=\"_ _333\"> </span> S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>AL) <span class=\"_ _112\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>V<span class=\"_ _92\"></span>olateo Solar<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zelanda Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zuncho Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower Albania<span class=\"_ _333\"> </span> Sh.p.k. <span class=\"_ _303\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16d\"> </span><span class=\"ls1d\">Tirana <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31\"><span class=\"ls1d\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>PV Invest Project 3<span class=\"_ _333\"> </span> S.R.L.  <span class=\"_ _2c0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _183\"> </span><span class=\"ls33\">Sternatia <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31 ws0\"><span class=\"ls33\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head-<span class=\"_ _333\"> </span></span><span class=\"ff2f fc4 ls1d\"> </span>quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> Head-<span class=\"_ _333\"> </span> quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> VERBUND AG<span class=\"_ _333\"> </span> (VH)\u2013  Sales activities <span class=\"_ _68\"> </span><span class=\"fc4 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ws0\"><span class=\"lscc\"><span class=\"ls31\"> </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc\"><span class=\"ls31\"> </span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> Germany GmbH <span class=\"_ _190\"> </span><span class=\"fc4 ls59 ws0\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls59 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> GmbH (VEB) <span class=\"_ _5b\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Customer<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span> GmbH (VEC) <span class=\"_ _59\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _177\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Flex G<span class=\"_ _92\"></span>mbH <span class=\"_ _17\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Future<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _46\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">74.90 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls37 ws36\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS EnBW<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls62\"><span class=\"ls2f\"> </span></span>SMA-<span class=\"_ _333\"> </span>TRICS <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span><span class=\"ls2f\"> </span>SMATRIC<span class=\"_ _333\"> </span>S GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>VERBUND T<span class=\"_ _14\"></span>rading<span class=\"_ _333\"> </span> Romania S.R.L.  in liquidation<span class=\"_ _333\"> </span> Bucha-<span class=\"_ _333\"> </span> rest <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span><span class=\"ls0\"> </span>VEB<span class=\"_ _333\"> </span> VH<span class=\"_ _333\"> </span> 99.00 %<span class=\"_ _333\"> </span> 1.00 %<span class=\"_ _333\"> </span> \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _14\"></span>rading Serbia d.o.o. -  u likvidaciji/ in liquidation Belgrade <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 E-Mobility Provider Austria GmbH<span class=\"_ _92\"></span> Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">74.90 % </span></span></span>smart Energy Services GmbH <span class=\"_ _1cd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span></span>Segment: Grid <span class=\"_ _305\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Austrian P<span class=\"_ _14\"></span>ower Grid AG (APG) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Gas Connect Austria GmbH (GC<span class=\"_ _92\"></span>A) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Austrian Gas Grid Management AG (AGGM<span class=\"_ _92\"></span>) <span class=\"_ _17d\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG) <span class=\"_ _126\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">15.53 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">15.53 % </span></span></span></span></span>AGCS Gas Clearing and Settlement A<span class=\"_ _92\"></span>G Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _1e8\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">23.13 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">23.13 % </span></span></span></span>ASGM Austrian Strategic Gas Storage Manage- ment GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _a8\"> </span><span class=\"ls31\">AGGM <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>OeMAG Abwicklungsstelle f\u00fcr \u00d6kostrom AG <span class=\"_ _190\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">24.40 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">24.40 % </span></span></span></span></span>VUM V<span class=\"_ _92\"></span>erfahren Umwelt Manage- ment GmbH Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Equigy B.<span class=\"_ _14\"></span>V<span class=\"_ _14\"></span>. Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">20.00 % </span></span></span>Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">20.00 %<span class=\"_ _333\"> </span></span></span></span>All other segments:<span class=\"_ _92\"></span> Thermal gener<span class=\"_ _92\"></span>ation <span class=\"_ _306\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH &amp; Co KG Neudorf ob Wildon CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2 <span class=\"_ _187\"> </span><span class=\"fc0 ls36\">Fernitz-<span class=\"_ _333\"> </span></span>Mellach CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH (VTP GmbH) Neudorf ob Wildon <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Fernitz-<span class=\"_ _333\"> </span>Mellach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>All other segments:<span class=\"_ _92\"></span> Services <span class=\"_ _307\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND Services GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>All other segments: Equity <span class=\"_ _92\"></span>interests <span class=\"_ _290\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company <span class=\"_ _60\"> </span><span class=\"ff2f fs8 fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 Equity interests<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>KELAG-K\u00e4rntner<span class=\"_ _92\"></span> Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktiengese<span class=\"_ _43\"></span>llschaft Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">35.17 % </span>Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">35.17 % </span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH &amp;  Co. KG Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 % </span></span></span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH <span class=\"_ _2c\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"fc0\"><span class=\"ls0\"><span class=\"ls37 ws36\"> </span></span></span></span>Other Group c<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>mpanies <span class=\"_ _308\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 All other activities<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>VERBUND Finanzierungs- service GmbH <span class=\"_ _5a\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND V<span class=\"_ _92\"></span>entures GmbH (VVE) \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>HalloSonne GmbH (HAS) <span class=\"_ _7a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span></span>VVE <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>HalloSonne PV Finanzierungs-<span class=\"_ _333\"> </span>Holding GmbH (HAF) <span class=\"_ _13a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _a8\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls106\">HAS <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>HalloSonne 1. PV V<span class=\"_ _92\"></span>ermietungs-<span class=\"_ _333\"> </span>GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls61\">HAF <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>CS = Conso<span class=\"_ _92\"></span>lidated subsidia<span class=\"_ _92\"></span>ry / EM = Investee<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>accounte<span class=\"_ _92\"></span>d for using <span class=\"ls54 ws56\">the equity method / JO = Jo<span class=\"_ _43\"></span>int operation, proportionate <span class=\"_ _43\"></span>inclus<span class=\"ls4d ws4f\">ion <span class=\"_ _43\"></span>of assets an<span class=\"_ _43\"></span>d liabiliti<span class=\"_ _43\"></span>es as well<span class=\"_ _43\"></span> as income<span class=\"_ _43\"></span> </span></span>and expenses / UC<span class=\"_ _43\"></span> = Unconsoli<span class=\"_ _43\"></span>dated entities du<span class=\"_ _43\"></span>e to immater<span class=\"_ _43\"></span>iality or lack <span class=\"_ _43\"></span>of significant in<span class=\"_ _43\"></span>fluence 1 joint ventu<span class=\"_ _43\"></span>res // 2 VERBUND Thermal Powe<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>GmbH holds an inte<span class=\"_ _92\"></span>rest of &lt; 0.01 % as a limited partner of VERBUND T<span class=\"_ _92\"></span>her<span class=\"_ _43\"></span>mal Power Gmb<span class=\"_ _92\"></span>H &amp; <span class=\"_ _43\"></span>Co KG<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-580": {
   "value": "<div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws63a gs38c\">Other result fr<span class=\"_ _92\"></span>om equity interests <span class=\"_ _6f\"> </span><span class=\"ff2a fs7 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs38d\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs38e\">Income from equity inter<span class=\"_ _92\"></span>ests and unconsolidated subsidiari<span class=\"_ _92\"></span>es <span class=\"_ _24a\"> </span><span class=\"fc4 ls0 ws0\">8.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">8<span class=\"_ _43\"></span>.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs38f\">Income from the disposal of e<span class=\"_ _92\"></span>quity interests and unconsolidated sub<span class=\"_ _92\"></span>sidiaries <span class=\"_ _123\"> </span><span class=\"fc4 ls0 ws0\">12.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs390\">Expenses arising from<span class=\"_ _0\"></span> equity intere<span class=\"ls1f ws20\">sts and unconso<span class=\"_ _92\"></span>lidated subsidiaries <span class=\"_ _24b\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.<span class=\"_ _92\"></span>6 </span></span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs391\">Other result from equity interests <span class=\"_ _5e\"> </span><span class=\"fc4 ls18 ws0\">19.5 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">8.0<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span></div>Other equity <span class=\"_ _92\"></span>interests <span class=\"_ _ca\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _292\"> </span><span class=\"ff2f ls1c ws61b\">Interests in </span>unconsolidated subsidiaries Other equity interests To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>(Amortised) cost as a<span class=\"_ _92\"></span>t 1/1 <span class=\"_ _b1\"> </span><span class=\"ls0 ws0\">4.8 <span class=\"_ _3\"> </span>143.1 <span class=\"_ _127\"> </span>147.9 </span>Additions from acquisitio<span class=\"_ _92\"></span>ns of interests and  capital increases 13.4 <span class=\"_ _60\"> </span>0.1 <span class=\"_ _de\"> </span>13.5 Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span>(Amortised) cost as at 31/12<span class=\"_ _92\"></span> <span class=\"_ _1cc\"> </span><span class=\"ls18 ws0\">17.8 <span class=\"_ _125\"> </span><span class=\"ls49\">143.2 <span class=\"_ _16a\"> </span></span>161.0 </span>Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _1\"> </span><span class=\"ls0 ws0\">9.3 <span class=\"_ _9c\"> </span>19.9 <span class=\"_ _de\"> </span>29.2 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _293\"> </span><span class=\"ls0 ws0\">1.9 <span class=\"_ _60\"> </span>0.6 <span class=\"_ _61\"> </span>2.5 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _57\"> </span><span class=\"ls18 ws0\">11.2 <span class=\"_ _133\"> </span>20.5 <span class=\"_ _12b\"> </span><span class=\"ls29\">31<span class=\"_ _43\"></span>.7 </span></span>Net carrying amount as at 31/12 <span class=\"_ _1e1\"> </span><span class=\"ls18 ws0\">29.<span class=\"_ _92\"></span>0 <span class=\"_ _53\"> </span><span class=\"ls49\">163.7 <span class=\"_ _16a\"> </span></span>192.7 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">14.1 <span class=\"_ _3\"> </span>163.0 <span class=\"_ _127\"> </span>177.1 </span>Other equity <span class=\"_ _92\"></span>interests <span class=\"_ _ca\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>Interests in unconsolidated subsidiaries Other equity interests To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>(Amortised) cost as a<span class=\"_ _92\"></span>t 1/1 <span class=\"_ _b1\"> </span><span class=\"ls0 ws0\">5.3 <span class=\"_ _3\"> </span>133.9 <span class=\"_ _127\"> </span>139.2 </span>Change in the basis of consolidation <span class=\"_ _1b1\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _16c\"> </span>8.6 <span class=\"_ _61\"> </span>8.3 </span>Additions from acquisitio<span class=\"_ _92\"></span>ns of interests and  capital increases <span class=\"_ _291\"> </span>0.0 <span class=\"_ _16c\"> </span>0.6 <span class=\"_ _61\"> </span>0.6 Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.2 </span>(Amortised) cost as at 31/12<span class=\"_ _92\"></span> <span class=\"_ _13\"> </span><span class=\"ls18 ws0\">4.8 <span class=\"_ _125\"> </span><span class=\"ls49\">143.1 <span class=\"_ _16a\"> </span></span>147.9 </span>Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _1\"> </span><span class=\"ls0 ws0\">6.5 <span class=\"_ _60\"> </span>0.1 <span class=\"_ _61\"> </span>6.6 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _293\"> </span><span class=\"ls0 ws0\">2.8 <span class=\"_ _9c\"> </span>19.8 <span class=\"_ _de\"> </span>22.6 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _d3\"> </span><span class=\"ls31 ws0\">9<span class=\"_ _43\"></span>.3 <span class=\"_ _9d\"> </span><span class=\"ls18\">19.9 <span class=\"_ _9c\"> </span>29.2 </span></span>Net carrying amount as at 31/12 <span class=\"_ _1e1\"> </span><span class=\"ls18 ws0\">14.<span class=\"_ _92\"></span>1 <span class=\"_ _53\"> </span><span class=\"ls49\">163.0 <span class=\"_ _16a\"> </span></span>177.1 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">11.9 <span class=\"_ _3\"> </span>134.0 <span class=\"_ _127\"> </span>145.8<span class=\"_ _333\"> </span></span>The following list of Group<span class=\"_ _92\"></span> compan<span class=\"ls64 ws3fb\">ies prepared in accor<span class=\"_ _92\"></span>dance with <span class=\"ls96 ws631\">Section 245a(1) in conjunction with </span></span>Section 265(2) <span class=\"_ _2fe\"> </span>Austrian <span class=\"_ _83\"> </span>Commercial<span class=\"ls26 ws19d\"> Code (UGB) comprises VERBUND\u2019<span class=\"_ _14\"></span><span class=\"lsa2 ws76e\">s subsidiaries<span class=\"_ _92\"></span>, joint ventures </span></span>and associates<span class=\"_ _92\"></span>. In addition, this list also in<span class=\"_ _92\"></span>cludes unconsolidated subsidiaries and other jo<span class=\"_ _92\"></span>int venture<span class=\"_ _92\"></span>s and equity inter<span class=\"_ _92\"></span>ests of VERBUND not accounted for<span class=\"_ _92\"></span> using the equity method with an inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st of \u2265 20<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND AG  (VH) \u2013 Hydro <span class=\"_ _50\"> </span><span class=\"fc4 ls1ab ws0\">Wien <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _4f\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span></span></span></span>Innwerk AG  (VHP<span class=\"_ _14\"></span>-IW) Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>VERBUND Hydro Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VHP) <span class=\"_ _58\"> </span><span class=\"fc4 ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">80.54 % <span class=\"_ _1e\"> </span></span></span></span></span><span class=\"ls62\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.54 % </span></span></span></span>VERBUND Innkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _1d4\"> </span><span class=\"fc4 ls37\">T\u00f6ging <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span></span></span><span class=\"ws36\">70.27 % <span class=\"_ _218\"> </span></span><span class=\"fc0\">T\u00f6ging <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span></span></span><span class=\"ws36\">70.27 % </span></span></span>Donaukraftwerk Jochenstein Aktiengese<span class=\"_ _43\"></span>llschaft Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Grenzkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _16e\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % \u00d6sterreichisch-<span class=\"_ _333\"> </span>Bay<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rische Kraftwerk<span class=\"_ _92\"></span>e Aktiengese<span class=\"_ _43\"></span>llschaft <span class=\"_ _216\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % Ennskraftwerke Aktiengese<span class=\"_ _43\"></span>llschaft Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _94\"> </span></span></span></span><span class=\"fc0\">Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH &amp; Co KG <span class=\"_ _bd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH <span class=\"_ _7\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Ashta Beteiligungs-<span class=\"_ _333\"> </span>verwaltung GmbH  (VHP<span class=\"_ _92\"></span>-AL<span class=\"_ _14\"></span>-HII) Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">50.01 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">50.01 % </span></span>Energji Ashta Shpk  <span class=\"_ _187\"> </span><span class=\"fc4 ls1d ws0\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span><span class=\"fc0 ls1d\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lestin T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen Gesellschaft m.b.H. (LESTIN) <span class=\"_ _179\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _1e\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity Lestin &amp; Co. T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen GmbH  in liquidation Passau <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _187\"> </span><span class=\"lscc\">LESTIN <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _59\"> </span>\u2013 <span class=\"_ _b8\"> </span>\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span>Murkraftwerk Graz Errichtungs- und BetriebsgmbH <span class=\"_ _59\"> </span><span class=\"fc4 ls2f\">Gra<span class=\"_ _43\"></span>z <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span>VHP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.10 % <span class=\"_ _185\"> </span></span><span class=\"fc0\">Graz <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span></span>VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">25.10 % </span></span></span>VERBUND T<span class=\"_ _14\"></span>ourismus GmbH <span class=\"_ _94\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % <span class=\"_ _218\"> </span><span class=\"fc0 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % Manara HPP Operation Ltd. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _219\"> </span><span class=\"fc0 ls59\">Tel-Aviv <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">80.00 %<span class=\"_ _333\"> </span></span></span></span></span>Seg<span class=\"_ _43\"></span>men<span class=\"_ _43\"></span>t: N<span class=\"_ _43\"></span>ew renewab<span class=\"_ _43\"></span>le<span class=\"_ _43\"></span>s <span class=\"_ _302\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _c2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1cb\"> </span><span class=\"fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND Wind P<span class=\"_ _92\"></span>ower A<span class=\"_ _92\"></span>ustria GmbH (VRP<span class=\"_ _92\"></span>-A<span class=\"_ _92\"></span>T) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland GmbH (VGP<span class=\"_ _92\"></span>-DE) W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VGP) <span class=\"_ _18e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _b\"> </span></span></span></span></span><span class=\"ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> I<span class=\"_ _63\"></span>b<span class=\"_ _63\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>a<span class=\"_ _43\"></span>,<span class=\"_ _63\"></span> S.L.U. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Wind P<span class=\"_ _92\"></span>ower Romania SRL Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Windpark Dichtelbach GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></span>Infrastruktur Oberheimbach I GmbH &amp; Co. KG W\u00f6rr- stadt CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>W\u00f6rr- stadt CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>Infrastrukturgesell- schaft Bischheim GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">65.29 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.60 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland Photovoltaik GmbH Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W<span class=\"_ _92\"></span>att Development SPV 5 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL1) Pinos Puente CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 6 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL2) Pinos Puente <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _17f\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 7 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL3) <span class=\"_ _10d\"> </span><span class=\"fc4\">Valencia <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span></span></span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>nfraestructuras de Illora S.L. Barce-<span class=\"_ _333\"> </span>lona <span class=\"_ _8\"> </span>UC VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % <span class=\"_ _16\"> </span><span class=\"fc0 ls60 ws0\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % SOLA<span class=\"_ _92\"></span>VOL<span class=\"_ _14\"></span>T<span class=\"_ _92\"></span>A Energie- und Umwelttechnik GmbH Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ay<span class=\"_ _92\"></span>amonte S.L. <span class=\"_ _55\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _162\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _1d4\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _d4\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Lusitania Renovables S.L. <span class=\"_ _127\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Anselma Issuer<span class=\"_ _14\"></span>, S.A. (VGP<span class=\"_ _92\"></span>-IB-ANI) <span class=\"_ _69\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>opacio Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Catalpa Solar<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-CAS) <span class=\"_ _f1\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _92\"></span>, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _14\"></span>TES) <span class=\"_ _ba\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green P<span class=\"_ _92\"></span>ower<span class=\"_ _43\"></span> Ren<span class=\"_ _43\"></span>ewab<span class=\"_ _43\"></span>le Projects, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-GRP) <span class=\"_ _f1\"> </span><span class=\"fc4\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Sica Desarrollos Cuerva, S.L.U. <span class=\"_ _54\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ws0\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Los Navalmorales, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Albarreal, S.L.U. <span class=\"_ _16a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos T<span class=\"_ _14\"></span>otan\u00e9s, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SDC) <span class=\"_ _154\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span></span>CS VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span>\u00e9<span class=\"_ _81\"></span>s<span class=\"_ _63\"></span> Infraestructuras Comunes, S.L. <span class=\"_ _18d\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>SDC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">38.89 %<span class=\"_ _333\"> </span></span>Murcia Solar P<span class=\"_ _92\"></span>ark GmbH  (VGP<span class=\"_ _92\"></span>-IB-MUR) <span class=\"_ _123\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls1a\">Berlin <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baluma Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baviera Energy<span class=\"_ _80\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Blacky Energy<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-BLA) <span class=\"_ _e3\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Bolardo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Boyante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Braganza Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cairo Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Camareta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Carmesi Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cenida Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Comunidad de Bienes del Huerto Solar del Hinojar<span class=\"_ _14\"></span>, C.B. <span class=\"_ _2d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls2c\">Lorca <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>SVL <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">92.72 % </span>Cornamusa Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cruceta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cyopsa El Molino Energia Eolica, S.A.U. <span class=\"_ _1d8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>BLA <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Musas, S.L.U. <span class=\"_ _24c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _1f\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Ofion, S.L.U. (VGP<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>IB-ERO) <span class=\"_ _25\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Faballones Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Feanor Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Galadrien Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>Helice Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Imai Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _11b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Koe Ene<span class=\"_ _92\"></span>rgy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _66\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lima Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Miriel Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _4a\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Mosqueton Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Nairobi Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Natera Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Obenque Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orion Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _a5\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orla Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _3c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>anol Solar<span class=\"_ _92\"></span>, S.L. <span class=\"_ _127\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">51.00 % </span>P<span class=\"_ _92\"></span>enalara Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>erdiguero Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>eregrino Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>osets Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Radar Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Reclamo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rehala Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rotor Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sentina Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sextante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stopper Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stein V<span class=\"_ _92\"></span>on Liebig Balears I, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SVL) <span class=\"_ _128\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>MUR <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>T<span class=\"_ _333\"> </span><span class=\"_ _14\"></span>rufa Energy<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>VERBUND Green<span class=\"_ _333\"> </span>P<span class=\"_ _92\"></span>ower V<span class=\"_ _14\"></span>alderrama,<span class=\"_ _333\"> </span>S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>AL) <span class=\"_ _112\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>V<span class=\"_ _92\"></span>olateo Solar<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>Zelanda Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>Zuncho Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>VERBUND Green<span class=\"_ _333\"> </span>P<span class=\"_ _92\"></span>ower Albania<span class=\"_ _333\"> </span>Sh.p.k. <span class=\"_ _303\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16d\"> </span><span class=\"ls1d\">Tirana <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span>PV Invest Project 3<span class=\"_ _333\"> </span>S.R.L.  <span class=\"_ _2c0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _183\"> </span><span class=\"ls33\">Sternatia <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head-<span class=\"_ _333\"> </span></span>quarters<span class=\"_ _333\"> </span>Consoli-<span class=\"_ _333\"> </span>dation<span class=\"_ _333\"> </span>method<span class=\"_ _333\"> </span>P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span>company<span class=\"_ _333\"> </span>P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span>com-<span class=\"_ _333\"> </span>pany's<span class=\"_ _333\"> </span>share of<span class=\"_ _333\"> </span>equity<span class=\"_ _333\"> </span>Head-<span class=\"_ _333\"> </span>quarters<span class=\"_ _333\"> </span>Consoli-<span class=\"_ _333\"> </span>dation<span class=\"_ _333\"> </span>method<span class=\"_ _333\"> </span>P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span>company<span class=\"_ _333\"> </span>P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span>com-<span class=\"_ _333\"> </span>pany's<span class=\"_ _333\"> </span>share of<span class=\"_ _333\"> </span>equity<span class=\"_ _333\"> </span>VERBUND AG<span class=\"_ _333\"> </span>(VH)\u2013 Sales activities <span class=\"_ _68\"> </span><span class=\"fc4 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013<span class=\"_ _333\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span>Energy4Business<span class=\"_ _333\"> </span>Germany GmbH <span class=\"_ _190\"> </span><span class=\"fc4 ls59 ws0\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span>VERBUND<span class=\"_ _333\"> </span>Energy4Business<span class=\"_ _333\"> </span>GmbH (VEB) <span class=\"_ _5b\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span>VERBUND<span class=\"_ _333\"> </span>Energy4Customer<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span>GmbH (VEC) <span class=\"_ _59\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _177\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span>VERBUND<span class=\"_ _333\"> </span>Energy4Flex G<span class=\"_ _92\"></span>mbH <span class=\"_ _17\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span>VERBUND<span class=\"_ _333\"> </span>Energy4Future<span class=\"_ _333\"> </span>GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH<span class=\"_ _333\"> </span>&amp; Co KG <span class=\"_ _46\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">74.90 %<span class=\"_ _333\"> </span></span></span></span>SMA<span class=\"_ _14\"></span>TRICS EnBW<span class=\"_ _333\"> </span>GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span></span>SMA-<span class=\"_ _333\"> </span>TRICS <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span>Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span>SMATRIC<span class=\"_ _333\"> </span>S GmbH<span class=\"_ _333\"> </span>&amp; Co KG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span>VERBUND T<span class=\"_ _14\"></span>rading<span class=\"_ _333\"> </span>Romania S.R.L. in liquidation<span class=\"_ _333\"> </span>Bucha-<span class=\"_ _333\"> </span>rest <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span>VEB<span class=\"_ _333\"> </span>VH<span class=\"_ _333\"> </span>99.00 %<span class=\"_ _333\"> </span>1.00 %<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _14\"></span>rading Serbia d.o.o. -  u likvidaciji/ in liquidation Belgrade <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 E-Mobility Provider Austria GmbH<span class=\"_ _92\"></span> Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">74.90 % </span></span></span>smart Energy Services GmbH <span class=\"_ _1cd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span></span>Segment: Grid <span class=\"_ _305\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Austrian P<span class=\"_ _14\"></span>ower Grid AG (APG) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Gas Connect Austria GmbH (GC<span class=\"_ _92\"></span>A) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Austrian Gas Grid Management AG (AGGM<span class=\"_ _92\"></span>) <span class=\"_ _17d\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG) <span class=\"_ _126\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">15.53 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">15.53 % </span></span></span></span></span>AGCS Gas Clearing and Settlement A<span class=\"_ _92\"></span>G Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _1e8\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">23.13 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">23.13 % </span></span></span></span>ASGM Austrian Strategic Gas Storage Manage- ment GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _a8\"> </span><span class=\"ls31\">AGGM <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>OeMAG Abwicklungsstelle f\u00fcr \u00d6kostrom AG <span class=\"_ _190\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">24.40 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">24.40 % </span></span></span></span></span>VUM V<span class=\"_ _92\"></span>erfahren Umwelt Manage- ment GmbH Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Equigy B.<span class=\"_ _14\"></span>V<span class=\"_ _14\"></span>. Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">20.00 % </span></span></span>Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">20.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"ls0\"><span class=\"ls1d\"><span class=\"ls37 ws36\"> </span></span></span>All other segments:<span class=\"_ _92\"></span> Thermal gener<span class=\"_ _92\"></span>ation <span class=\"_ _306\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH &amp; Co KG Neudorf ob Wildon CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2 <span class=\"_ _187\"> </span><span class=\"fc0 ls36\">Fernitz-<span class=\"_ _333\"> </span></span>Mellach CS VH VTP GmbH 100.00 % 0.00 %<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>VERBUND T<span class=\"_ _92\"></span>hermal P<span class=\"_ _92\"></span>ower GmbH (VTP GmbH) Neudorf ob Wildon <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Fernitz-<span class=\"_ _333\"> </span>Mellach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>All other segments:<span class=\"_ _92\"></span> Services <span class=\"_ _307\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND Services GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>All other segments: Equity <span class=\"_ _92\"></span>interests <span class=\"_ _290\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company <span class=\"_ _60\"> </span><span class=\"ff2f fs8 fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 Equity interests<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>KELAG-K\u00e4rntner<span class=\"_ _92\"></span> Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktiengese<span class=\"_ _43\"></span>llschaft Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">35.17 % </span>Klagen- furt <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _8\"> </span></span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">35.17 % </span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH &amp;  Co. KG Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 % </span></span></span>C2P<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T GmbH <span class=\"_ _2c\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.00 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _8\"> </span>VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">25.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"fc0\"><span class=\"ls0\"><span class=\"ls37 ws36\"> </span></span></span></span>Other Group c<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>mpanies <span class=\"_ _308\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND AG (VH) \u2013 All other activities<span class=\"_ _92\"></span> Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 </span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span>VERBUND Finanzierungs- service GmbH <span class=\"_ _5a\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND V<span class=\"_ _92\"></span>entures GmbH (VVE) \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>HalloSonne GmbH (HAS) <span class=\"_ _7a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span></span>VVE <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>HalloSonne PV Finanzierungs-<span class=\"_ _333\"> </span>Holding GmbH (HAF) <span class=\"_ _13a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _a8\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls106\">HAS <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>HalloSonne 1. PV V<span class=\"_ _92\"></span>ermietungs-<span class=\"_ _333\"> </span>GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls61\">HAF <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>CS = Conso<span class=\"_ _92\"></span>lidated subsidia<span class=\"_ _92\"></span>ry / EM = Investee<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>accounte<span class=\"_ _92\"></span>d for using <span class=\"ls54 ws56\">the equity method / JO = Jo<span class=\"_ _43\"></span>int operation, proportionate <span class=\"_ _43\"></span>inclus<span class=\"ls4d ws4f\">ion <span class=\"_ _43\"></span>of assets an<span class=\"_ _43\"></span>d liabiliti<span class=\"_ _43\"></span>es as well<span class=\"_ _43\"></span> as income<span class=\"_ _43\"></span> </span></span>and expenses / UC<span class=\"_ _43\"></span> = Unconsoli<span class=\"_ _43\"></span>dated entities du<span class=\"_ _43\"></span>e to immater<span class=\"_ _43\"></span>iality or lack <span class=\"_ _43\"></span>of significant in<span class=\"_ _43\"></span>fluence 1 joint ventu<span class=\"_ _43\"></span>res // 2 VERBUND Thermal Powe<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>GmbH holds an inte<span class=\"_ _92\"></span>rest of &lt; 0.01 % as a limited partner of VERBUND T<span class=\"_ _92\"></span>her<span class=\"_ _43\"></span>mal Power Gmb<span class=\"_ _92\"></span>H &amp; <span class=\"_ _43\"></span>Co KG<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "Interest income <span class=\"_ _24d\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm</span></span><span class=\"ff2a fs7 ls0 ws0\"><span class=\"ls31\"> </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"ff2f fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Interest from inv<span class=\"_ _92\"></span>estments under closed items on the <span class=\"_ _92\"></span>balance sheet  <span class=\"_ _1d\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls29\"> </span></span>Interest from money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _137\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.7<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Other interest and similar income <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">5.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest income <span class=\"_ _1c7\"> </span><span class=\"fc4 ls29 ws0\">38<span class=\"_ _43\"></span>.4 <span class=\"_ _133\"> </span><span class=\"ff2c fc0 ls18\">40.1<span class=\"_ _333\"> </span></span></span><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls129 ws552 gs37f\">3.2.15  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls202 wsb15 gs380\">Other  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls113 ws320 gs381\">financial result<span class=\"_ _333\"> </span></div>Other financial<span class=\"_ _92\"></span> result <span class=\"_ _251\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Measurement of an obligation to return an in<span class=\"_ _92\"></span>terest<span class=\"_ _333\"> </span>1 <span class=\"_ _70\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>23.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.6 </span>Measurement of deriva<span class=\"_ _92\"></span>tive financial instruments in the financ<span class=\"_ _92\"></span>e area <span class=\"_ _20b\"> </span><span class=\"fc4 ls0 ws0\">2.4 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.4 </span></span>Income from securities and loans <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">3.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange gains <span class=\"_ _255\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange losses <span class=\"_ _77\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.4 </span></span></span>Change in expected credit losses <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.<span class=\"_ _92\"></span>1 </span></span></span>Measurement of a pro<span class=\"_ _92\"></span>fit participation ri<span class=\"ls74 ws68\">ght with resp<span class=\"_ _92\"></span>ect to material assets<span class=\"_ _333\"> </span></span>2 <span class=\"_ _1d4\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">22.7<span class=\"_ _92\"></span> </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.3 </span></span></span>Other financial result <span class=\"_ _ef\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">15.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.6 </span></span></span>1 The obligation<span class=\"_ _43\"></span> to transfer <span class=\"_ _43\"></span>the 50 % interest<span class=\"_ _43\"></span> in Donaukra<span class=\"_ _43\"></span>ftwerk Jochenste<span class=\"_ _43\"></span>in AG to the <span class=\"_ _43\"></span>Free State of Bav<span class=\"_ _43\"></span>aria without exch<span class=\"_ _43\"></span>ange of<span class=\"ls4c ws4e\"> cons<span class=\"_ _43\"></span>ideration is<span class=\"_ _43\"></span> measured at a<span class=\"_ _43\"></span>mortised cos<span class=\"_ _43\"></span>t. </span>The expecte<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span> fair value of the i<span class=\"_ _92\"></span>nterest at the transfer date (31 December 2050) i<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>calculated pe<span class=\"_ _92\"></span>riodically and discounted based<span class=\"_ _92\"></span><span class=\"ls4d ws6d8\"> on the or<span class=\"_ _43\"></span>iginal effe<span class=\"_ _43\"></span>ctive interest ra<span class=\"_ _43\"></span>te </span>(correspondin<span class=\"_ _43\"></span>g to the w<span class=\"_ _43\"></span>eighted aver<span class=\"_ _43\"></span>age cost<span class=\"_ _43\"></span> of capital at<span class=\"_ _43\"></span> the acquis<span class=\"_ _43\"></span>ition date<span class=\"_ _43\"></span>). Chan<span class=\"_ _43\"></span>ges in the ex<span class=\"_ _43\"></span>pected fair<span class=\"_ _43\"></span> value of th<span class=\"_ _43\"></span>e inte<span class=\"ls39 ws37\">rest are recognised in the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other financial re<span class=\"_ _92\"></span>sult. See </span>section 8.2 O<span class=\"_ _43\"></span>ther long-t<span class=\"_ _43\"></span>erm liabilit<span class=\"_ _43\"></span>ies // 2 The profit p<span class=\"_ _43\"></span>articipation<span class=\"_ _43\"></span> right exists wit<span class=\"_ _43\"></span>h respect to the <span class=\"_ _43\"></span>material assets<span class=\"_ _43\"></span> of TAG. They<span class=\"_ _43\"></span> are measu<span class=\"_ _43\"></span>red at fair value th<span class=\"_ _43\"></span>rough pr<span class=\"_ _43\"></span>of<span class=\"ls201 wsb11\">it or loss in </span>accordance with<span class=\"_ _43\"></span> IFRS 9<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "Interest income <span class=\"_ _24d\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm</span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span>Interest from inv<span class=\"_ _92\"></span>estments under closed items on the <span class=\"_ _92\"></span>balance sheet  <span class=\"_ _1d\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span>Interest from money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _137\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.7<span class=\"_ _333\"> </span></span></span>Other interest and similar income <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">5.9<span class=\"_ _333\"> </span></span></span>Interest income <span class=\"_ _1c7\"> </span><span class=\"fc4 ls29 ws0\">38<span class=\"_ _43\"></span>.4 <span class=\"_ _133\"> </span><span class=\"ff2c fc0 ls18\">40.1<span class=\"_ _333\"> </span></span></span>Interest expe<span class=\"_ _92\"></span>nses <span class=\"_ _166\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm</span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span>Interest for financial liabilities under<span class=\"ls1d ws1e\"> closed items on the bal<span class=\"_ _92\"></span>ance sheet <span class=\"_ _24f\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span></span>Interest for bonds<span class=\"_ _92\"></span> <span class=\"_ _250\"> </span><span class=\"fc4 ls0 ws0\">10.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.6<span class=\"_ _333\"> </span></span></span>Interest for other liabilities from<span class=\"ls1d ws1e\"> elec<span class=\"_ _92\"></span>tricity supply commitments <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">13.7 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">12.7<span class=\"_ _333\"> </span></span></span></span>Interest for bank l<span class=\"_ _92\"></span>oans <span class=\"_ _251\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">10.4<span class=\"_ _333\"> </span></span></span>Interest on a shar<span class=\"_ _92\"></span>e redemption obligation <span class=\"_ _196\"> </span><span class=\"fc4 ls0 ws0\">6.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9<span class=\"_ _333\"> </span></span></span>Interest for money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _ad\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.6<span class=\"_ _333\"> </span></span></span>Net interest expense on pe<span class=\"ls59 ws0\">rsonnel-<span class=\"_ _92\"></span>relate<span class=\"_ _43\"></span><span class=\"ls2f ws2c\">d liabilities <span class=\"_ _7f\"> </span></span><span class=\"fc4 ls0\">5.6 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">7.0<span class=\"_ _333\"> </span></span></span>Interest to clearin<span class=\"_ _92\"></span>g banks <span class=\"_ _252\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.8<span class=\"_ _333\"> </span></span></span>Interest for other non-current pro<span class=\"_ _92\"></span>visions <span class=\"_ _e5\"> </span><span class=\"fc4 ls0 ws0\">1.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.8<span class=\"_ _333\"> </span></span></span>Borrowing costs capitalised in<span class=\"ls60 ws259\"> accordance with IAS 23 <span class=\"_ _1a4\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">6.<span class=\"_ _92\"></span>7<span class=\"_ _333\"> </span></span></span></span></span>Other interest and<span class=\"_ _0\"></span> similar expenses<span class=\"_ _92\"></span> <span class=\"_ _253\"> </span><span class=\"fc4 ls0 ws0\">5.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1<span class=\"_ _333\"> </span></span></span>Interest expenses <span class=\"_ _254\"> </span><span class=\"fc4 ls18 ws0\">77.8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">101.<span class=\"_ _333\"> </span></span></span>3.2.15  Other  financial result<span class=\"_ _333\"> </span>Other financial<span class=\"_ _92\"></span> result <span class=\"_ _251\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Measurement of an obligation to return an in<span class=\"_ _92\"></span>terest<span class=\"_ _333\"> </span>1 <span class=\"_ _70\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>23.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.6 </span>Measurement of deriva<span class=\"_ _92\"></span>tive financial instruments in the financ<span class=\"_ _92\"></span>e area <span class=\"_ _20b\"> </span><span class=\"fc4 ls0 ws0\">2.4 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.4 </span></span>Income from securities and loans <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">3.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange gains <span class=\"_ _255\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange losses <span class=\"_ _77\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.4 </span></span></span>Change in expected credit losses <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.<span class=\"_ _92\"></span>1 </span></span></span>Measurement of a pro<span class=\"_ _92\"></span>fit participation ri<span class=\"ls74 ws68\">ght with resp<span class=\"_ _92\"></span>ect to material assets<span class=\"_ _333\"> </span></span>2 <span class=\"_ _1d4\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">22.7<span class=\"_ _92\"></span> </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.3 </span></span></span>Other financial result <span class=\"_ _ef\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">15.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.6 </span></span></span>1 The obligation<span class=\"_ _43\"></span> to transfer <span class=\"_ _43\"></span>the 50 % interest<span class=\"_ _43\"></span> in Donaukra<span class=\"_ _43\"></span>ftwerk Jochenste<span class=\"_ _43\"></span>in AG to the <span class=\"_ _43\"></span>Free State of Bav<span class=\"_ _43\"></span>aria without exch<span class=\"_ _43\"></span>ange of<span class=\"ls4c ws4e\"> cons<span class=\"_ _43\"></span>ideration is<span class=\"_ _43\"></span> measured at a<span class=\"_ _43\"></span>mortised cos<span class=\"_ _43\"></span>t. </span>The expecte<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span> fair value of the i<span class=\"_ _92\"></span>nterest at the transfer date (31 December 2050) i<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>calculated pe<span class=\"_ _92\"></span>riodically and discounted based<span class=\"_ _92\"></span><span class=\"ls4d ws6d8\"> on the or<span class=\"_ _43\"></span>iginal effe<span class=\"_ _43\"></span>ctive interest ra<span class=\"_ _43\"></span>te </span>(correspondin<span class=\"_ _43\"></span>g to the w<span class=\"_ _43\"></span>eighted aver<span class=\"_ _43\"></span>age cost<span class=\"_ _43\"></span> of capital at<span class=\"_ _43\"></span> the acquis<span class=\"_ _43\"></span>ition date<span class=\"_ _43\"></span>). Chan<span class=\"_ _43\"></span>ges in the ex<span class=\"_ _43\"></span>pected fair<span class=\"_ _43\"></span> value of th<span class=\"_ _43\"></span>e inte<span class=\"ls39 ws37\">rest are recognised in the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other financial re<span class=\"_ _92\"></span>sult. See </span>section 8.2 O<span class=\"_ _43\"></span>ther long-t<span class=\"_ _43\"></span>erm liabilit<span class=\"_ _43\"></span>ies // 2 The profit p<span class=\"_ _43\"></span>articipation<span class=\"_ _43\"></span> right exists wit<span class=\"_ _43\"></span>h respect to the <span class=\"_ _43\"></span>material assets<span class=\"_ _43\"></span> of TAG. They<span class=\"_ _43\"></span> are measu<span class=\"_ _43\"></span>red at fair value th<span class=\"_ _43\"></span>rough pr<span class=\"_ _43\"></span>of<span class=\"ls201 wsb11\">it or loss in </span>accordance with<span class=\"_ _43\"></span> IFRS 9<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "Interest expe<span class=\"_ _92\"></span>nses <span class=\"_ _166\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm</span></span><span class=\"ff2a fs7 ls0 ws0\"><span class=\"ls31\"> </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"ff2f fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Interest for financial liabilities under<span class=\"ls1d ws1e\"> closed items on the bal<span class=\"_ _92\"></span>ance sheet <span class=\"_ _24f\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls29\"> </span></span></span>Interest for bonds<span class=\"_ _92\"></span> <span class=\"_ _250\"> </span><span class=\"fc4 ls0 ws0\">10.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls49\"> </span></span>Interest for other liabilities from<span class=\"ls1d ws1e\"> elec<span class=\"_ _92\"></span>tricity supply commitments <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">13.7 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">12.7<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></span>Interest for bank l<span class=\"_ _92\"></span>oans <span class=\"_ _251\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">10.4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest on a shar<span class=\"_ _92\"></span>e redemption obligation <span class=\"_ _196\"> </span><span class=\"fc4 ls0 ws0\">6.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest for money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _ad\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Net interest expense on pe<span class=\"ls59 ws0\">rsonnel-<span class=\"_ _92\"></span>relate<span class=\"_ _43\"></span><span class=\"ls2f ws2c\">d liabilities <span class=\"_ _7f\"> </span></span><span class=\"fc4 ls0\">5.6 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">7.0<span class=\"_ _333\"> </span></span></span><span class=\"ls59 ws0\"><span class=\"ff2f ls18\"> </span></span>Interest to clearin<span class=\"_ _92\"></span>g banks <span class=\"_ _252\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest for other non-current pro<span class=\"_ _92\"></span>visions <span class=\"_ _e5\"> </span><span class=\"fc4 ls0 ws0\">1.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Borrowing costs capitalised in<span class=\"ls60 ws259\"> accordance with IAS 23 <span class=\"_ _1a4\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">6.<span class=\"_ _92\"></span>7<span class=\"_ _333\"> </span></span></span></span></span><span class=\"ls60 ws259\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0\"><span class=\"ls18\"> </span></span></span></span>Other interest and<span class=\"_ _0\"></span> similar expenses<span class=\"_ _92\"></span> <span class=\"_ _253\"> </span><span class=\"fc4 ls0 ws0\">5.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest expenses <span class=\"_ _254\"> </span><span class=\"fc4 ls18 ws0\">77.8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">101.<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\">7<span class=\"_ _333\"> </span></span></span>3.2.15  Other  financial result<span class=\"_ _333\"> </span>Other financial<span class=\"_ _92\"></span> result <span class=\"_ _251\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Measurement of an obligation to return an in<span class=\"_ _92\"></span>terest<span class=\"_ _333\"> </span>1 <span class=\"_ _70\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>23.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.6 </span>Measurement of deriva<span class=\"_ _92\"></span>tive financial instruments in the financ<span class=\"_ _92\"></span>e area <span class=\"_ _20b\"> </span><span class=\"fc4 ls0 ws0\">2.4 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.4 </span></span>Income from securities and loans <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">3.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange gains <span class=\"_ _255\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span>Foreign e<span class=\"_ _92\"></span>xchange losses <span class=\"_ _77\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.4 </span></span></span>Change in expected credit losses <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.<span class=\"_ _92\"></span>1 </span></span></span>Measurement of a pro<span class=\"_ _92\"></span>fit participation ri<span class=\"ls74 ws68\">ght with resp<span class=\"_ _92\"></span>ect to material assets<span class=\"_ _333\"> </span></span>2 <span class=\"_ _1d4\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _3\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">22.7<span class=\"_ _92\"></span> </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.3 </span></span></span>Other financial result <span class=\"_ _ef\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">15.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.6 </span></span></span>1 The obligation<span class=\"_ _43\"></span> to transfer <span class=\"_ _43\"></span>the 50 % interest<span class=\"_ _43\"></span> in Donaukra<span class=\"_ _43\"></span>ftwerk Jochenste<span class=\"_ _43\"></span>in AG to the <span class=\"_ _43\"></span>Free State of Bav<span class=\"_ _43\"></span>aria without exch<span class=\"_ _43\"></span>ange of<span class=\"ls4c ws4e\"> cons<span class=\"_ _43\"></span>ideration is<span class=\"_ _43\"></span> measured at a<span class=\"_ _43\"></span>mortised cos<span class=\"_ _43\"></span>t. </span>The expecte<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span> fair value of the i<span class=\"_ _92\"></span>nterest at the transfer date (31 December 2050) i<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>calculated pe<span class=\"_ _92\"></span>riodically and discounted based<span class=\"_ _92\"></span><span class=\"ls4d ws6d8\"> on the or<span class=\"_ _43\"></span>iginal effe<span class=\"_ _43\"></span>ctive interest ra<span class=\"_ _43\"></span>te </span>(correspondin<span class=\"_ _43\"></span>g to the w<span class=\"_ _43\"></span>eighted aver<span class=\"_ _43\"></span>age cost<span class=\"_ _43\"></span> of capital at<span class=\"_ _43\"></span> the acquis<span class=\"_ _43\"></span>ition date<span class=\"_ _43\"></span>). Chan<span class=\"_ _43\"></span>ges in the ex<span class=\"_ _43\"></span>pected fair<span class=\"_ _43\"></span> value of th<span class=\"_ _43\"></span>e inte<span class=\"ls39 ws37\">rest are recognised in the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other financial re<span class=\"_ _92\"></span>sult. See </span>section 8.2 O<span class=\"_ _43\"></span>ther long-t<span class=\"_ _43\"></span>erm liabilit<span class=\"_ _43\"></span>ies // 2 The profit p<span class=\"_ _43\"></span>articipation<span class=\"_ _43\"></span> right exists wit<span class=\"_ _43\"></span>h respect to the <span class=\"_ _43\"></span>material assets<span class=\"_ _43\"></span> of TAG. They<span class=\"_ _43\"></span> are measu<span class=\"_ _43\"></span>red at fair value th<span class=\"_ _43\"></span>rough pr<span class=\"_ _43\"></span>of<span class=\"ls201 wsb11\">it or loss in </span>accordance with<span class=\"_ _43\"></span> IFRS 9<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "Interest expe<span class=\"_ _92\"></span>nses <span class=\"_ _166\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm</span></span><span class=\"ff2a fs7 ls0 ws0\"><span class=\"ls31\"> </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"ff2f fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Interest for financial liabilities under<span class=\"ls1d ws1e\"> closed items on the bal<span class=\"_ _92\"></span>ance sheet <span class=\"_ _24f\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls29\"> </span></span></span>Interest for bonds<span class=\"_ _92\"></span> <span class=\"_ _250\"> </span><span class=\"fc4 ls0 ws0\">10.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls49\"> </span></span>Interest for other liabilities from<span class=\"ls1d ws1e\"> elec<span class=\"_ _92\"></span>tricity supply commitments <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">13.7 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">12.7<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></span>Interest for bank l<span class=\"_ _92\"></span>oans <span class=\"_ _251\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">10.4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest on a shar<span class=\"_ _92\"></span>e redemption obligation <span class=\"_ _196\"> </span><span class=\"fc4 ls0 ws0\">6.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest for money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _ad\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Net interest expense on pe<span class=\"ls59 ws0\">rsonnel-<span class=\"_ _92\"></span>relate<span class=\"_ _43\"></span><span class=\"ls2f ws2c\">d liabilities <span class=\"_ _7f\"> </span></span><span class=\"fc4 ls0\">5.6 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">7.0<span class=\"_ _333\"> </span></span></span><span class=\"ls59 ws0\"><span class=\"ff2f ls18\"> </span></span>Interest to clearin<span class=\"_ _92\"></span>g banks <span class=\"_ _252\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest for other non-current pro<span class=\"_ _92\"></span>visions <span class=\"_ _e5\"> </span><span class=\"fc4 ls0 ws0\">1.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Borrowing costs capitalised in<span class=\"ls60 ws259\"> accordance with IAS 23 <span class=\"_ _1a4\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">6.<span class=\"_ _92\"></span>7<span class=\"_ _333\"> </span></span></span></span></span><span class=\"ls60 ws259\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0\"><span class=\"ls18\"> </span></span></span></span>Other interest and<span class=\"_ _0\"></span> similar expenses<span class=\"_ _92\"></span> <span class=\"_ _253\"> </span><span class=\"fc4 ls0 ws0\">5.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest expenses <span class=\"_ _254\"> </span><span class=\"fc4 ls18 ws0\">77.8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">101.<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\">7<span class=\"_ _333\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "<div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls129 ws552 gs3ae\">3.2.13  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls14c ws97d gs3af\">Interest in<span class=\"_ _92\"></span>come<span class=\"_ _333\"> </span> </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls113 ws4be gs393\">Interest income <span class=\"_ _24d\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm</span></span><span class=\"ff2a fs7 ls0 ws0\"><span class=\"ls31\"> </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs394\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"ff2f fc4 ls18\"><span class=\"ff2c fc0\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs395\">Interest from inv<span class=\"_ _92\"></span>estments under closed items on the <span class=\"_ _92\"></span>balance sheet  <span class=\"_ _1d\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls29\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs396\">Interest from money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _137\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.7<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs397\">Other interest and similar income <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">5.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs398\">Interest income <span class=\"_ _1c7\"> </span><span class=\"fc4 ls29 ws0\">38<span class=\"_ _43\"></span>.4 <span class=\"_ _133\"> </span><span class=\"ff2c fc0 ls18\">40.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls29 ws0\"><span class=\"ff2c fc0 ls18\"> </span></span></div>3.2.14  Interest e<span class=\"_ _92\"></span>xpenses<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9e wsd1 gs39a\">Interest expe<span class=\"_ _92\"></span>nses <span class=\"_ _166\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm</span></span><span class=\"ff2a fs7 ls0 ws0\"><span class=\"ls31\"> </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs39b\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"ff2f fc4 ls18\"><span class=\"ff2c fc0\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs39c\">Interest for financial liabilities under<span class=\"ls1d ws1e\"> closed items on the bal<span class=\"_ _92\"></span>ance sheet <span class=\"_ _24f\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls29\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs39d\">Interest for bonds<span class=\"_ _92\"></span> <span class=\"_ _250\"> </span><span class=\"fc4 ls0 ws0\">10.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls49\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs39e\">Interest for other liabilities from<span class=\"ls1d ws1e\"> elec<span class=\"_ _92\"></span>tricity supply commitments <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">13.7 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">12.7<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs39f\">Interest for bank l<span class=\"_ _92\"></span>oans <span class=\"_ _251\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">10.4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs3a0\">Interest on a shar<span class=\"_ _92\"></span>e redemption obligation <span class=\"_ _196\"> </span><span class=\"fc4 ls0 ws0\">6.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs3a1\">Interest for money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _ad\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs3a2\">Net interest expense on pe<span class=\"ls59 ws0\">rsonnel-<span class=\"_ _92\"></span>relate<span class=\"_ _43\"></span><span class=\"ls2f ws2c\">d liabilities <span class=\"_ _7f\"> </span></span><span class=\"fc4 ls0\">5.6 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">7.0<span class=\"_ _333\"> </span></span></span><span class=\"ls59 ws0\"><span class=\"ff2f ls18\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs3a3\">Interest to clearin<span class=\"_ _92\"></span>g banks <span class=\"_ _252\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs3a4\">Interest for other non-current pro<span class=\"_ _92\"></span>visions <span class=\"_ _e5\"> </span><span class=\"fc4 ls0 ws0\">1.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs3a5\">Borrowing costs capitalised in<span class=\"ls60 ws259\"> accordance with IAS 23 <span class=\"_ _1a4\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">6.<span class=\"_ _92\"></span>7<span class=\"_ _333\"> </span></span></span></span></span><span class=\"ls60 ws259\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0\"><span class=\"ls18\"> </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs3a6\">Other interest and<span class=\"_ _0\"></span> similar expenses<span class=\"_ _92\"></span> <span class=\"_ _253\"> </span><span class=\"fc4 ls0 ws0\">5.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs3a7\">Interest expenses <span class=\"_ _254\"> </span><span class=\"fc4 ls18 ws0\">77.8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">101.<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\">7<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-28": {
   "value": "3.2.13  Interest in<span class=\"_ _92\"></span>come<span class=\"_ _333\"> </span>Interest income <span class=\"_ _24d\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm</span></span><span class=\"ff2a fs7 ls0 ws0\"><span class=\"ls31\"> </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"ff2f fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Interest from inv<span class=\"_ _92\"></span>estments under closed items on the <span class=\"_ _92\"></span>balance sheet  <span class=\"_ _1d\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls29\"> </span></span>Interest from money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _137\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.7<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Other interest and similar income <span class=\"_ _24e\"> </span><span class=\"fc4 ls0 ws0\">6.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">5.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest income <span class=\"_ _1c7\"> </span><span class=\"fc4 ls29 ws0\">38<span class=\"_ _43\"></span>.4 <span class=\"_ _133\"> </span><span class=\"ff2c fc0 ls18\">40.1<span class=\"_ _333\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-29": {
   "value": "3.2.14  Interest e<span class=\"_ _92\"></span>xpenses<span class=\"_ _333\"> </span>Interest expe<span class=\"_ _92\"></span>nses <span class=\"_ _166\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm</span></span><span class=\"ff2a fs7 ls0 ws0\"><span class=\"ls31\"> </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"ff2f fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Interest for financial liabilities under<span class=\"ls1d ws1e\"> closed items on the bal<span class=\"_ _92\"></span>ance sheet <span class=\"_ _24f\"> </span><span class=\"fc4 ls0 ws0\">30.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">31.5<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls29\"> </span></span></span>Interest for bonds<span class=\"_ _92\"></span> <span class=\"_ _250\"> </span><span class=\"fc4 ls0 ws0\">10.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls49\"> </span></span>Interest for other liabilities from<span class=\"ls1d ws1e\"> elec<span class=\"_ _92\"></span>tricity supply commitments <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">13.7 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">12.7<span class=\"_ _333\"> </span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span></span>Interest for bank l<span class=\"_ _92\"></span>oans <span class=\"_ _251\"> </span><span class=\"fc4 ls0 ws0\">7.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">10.4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest on a shar<span class=\"_ _92\"></span>e redemption obligation <span class=\"_ _196\"> </span><span class=\"fc4 ls0 ws0\">6.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest for money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _ad\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.6<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Net interest expense on pe<span class=\"ls59 ws0\">rsonnel-<span class=\"_ _92\"></span>relate<span class=\"_ _43\"></span><span class=\"ls2f ws2c\">d liabilities <span class=\"_ _7f\"> </span></span><span class=\"fc4 ls0\">5.6 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">7.0<span class=\"_ _333\"> </span></span></span><span class=\"ls59 ws0\"><span class=\"ff2f ls18\"> </span></span>Interest to clearin<span class=\"_ _92\"></span>g banks <span class=\"_ _252\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">6.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest for other non-current pro<span class=\"_ _92\"></span>visions <span class=\"_ _e5\"> </span><span class=\"fc4 ls0 ws0\">1.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.8<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Borrowing costs capitalised in<span class=\"ls60 ws259\"> accordance with IAS 23 <span class=\"_ _1a4\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>4.9 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">6.<span class=\"_ _92\"></span>7<span class=\"_ _333\"> </span></span></span></span></span><span class=\"ls60 ws259\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0\"><span class=\"ls18\"> </span></span></span></span>Other interest and<span class=\"_ _0\"></span> similar expenses<span class=\"_ _92\"></span> <span class=\"_ _253\"> </span><span class=\"fc4 ls0 ws0\">5.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0 ls18\"> </span></span>Interest expenses <span class=\"_ _254\"> </span><span class=\"fc4 ls18 ws0\">77.8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">101.<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\">7<span class=\"_ _333\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "1 The obligation<span class=\"_ _43\"></span> to transfer <span class=\"_ _43\"></span>the 50 % interest<span class=\"_ _43\"></span> in Donaukra<span class=\"_ _43\"></span>ftwerk Jochenste<span class=\"_ _43\"></span>in AG to the <span class=\"_ _43\"></span>Free State of Bav<span class=\"_ _43\"></span>aria without exch<span class=\"_ _43\"></span>ange of<span class=\"ls4c ws4e\"> cons<span class=\"_ _43\"></span>ideration is<span class=\"_ _43\"></span> measured at a<span class=\"_ _43\"></span>mortised cos<span class=\"_ _43\"></span>t. </span>The expecte<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span> fair value of the i<span class=\"_ _92\"></span>nterest at the transfer date (31 December 2050) i<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>calculated pe<span class=\"_ _92\"></span>riodically and discounted based<span class=\"_ _92\"></span><span class=\"ls4d ws6d8\"> on the or<span class=\"_ _43\"></span>iginal effe<span class=\"_ _43\"></span>ctive interest ra<span class=\"_ _43\"></span>te </span>(correspondin<span class=\"_ _43\"></span>g to the w<span class=\"_ _43\"></span>eighted aver<span class=\"_ _43\"></span>age cost<span class=\"_ _43\"></span> of capital at<span class=\"_ _43\"></span> the acquis<span class=\"_ _43\"></span>ition date<span class=\"_ _43\"></span>). Chan<span class=\"_ _43\"></span>ges in the ex<span class=\"_ _43\"></span>pected fair<span class=\"_ _43\"></span> value of th<span class=\"_ _43\"></span>e inte<span class=\"ls39 ws37\">rest are recognised in the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other financial re<span class=\"_ _92\"></span>sult. See </span>section 8.2 O<span class=\"_ _43\"></span>ther long-t<span class=\"_ _43\"></span>erm liabilit<span class=\"_ _43\"></span>ies // 2 The profit p<span class=\"_ _43\"></span>articipation<span class=\"_ _43\"></span> right exists wit<span class=\"_ _43\"></span>h respect to the <span class=\"_ _43\"></span>material assets<span class=\"_ _43\"></span> of TAG. They<span class=\"_ _43\"></span> are measu<span class=\"_ _43\"></span>red at fair value th<span class=\"_ _43\"></span>rough pr<span class=\"_ _43\"></span>of<span class=\"ls201 wsb11\">it or loss in </span>accordance with<span class=\"_ _43\"></span> IFRS 9<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "1 The obligation<span class=\"_ _43\"></span> to transfer <span class=\"_ _43\"></span>the 50 % interest<span class=\"_ _43\"></span> in Donaukra<span class=\"_ _43\"></span>ftwerk Jochenste<span class=\"_ _43\"></span>in AG to the <span class=\"_ _43\"></span>Free State of Bav<span class=\"_ _43\"></span>aria without exch<span class=\"_ _43\"></span>ange of<span class=\"ls4c ws4e\"> cons<span class=\"_ _43\"></span>ideration is<span class=\"_ _43\"></span> measured at a<span class=\"_ _43\"></span>mortised cos<span class=\"_ _43\"></span>t. </span>The expecte<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span> fair value of the i<span class=\"_ _92\"></span>nterest at the transfer date (31 December 2050) i<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>calculated pe<span class=\"_ _92\"></span>riodically and discounted based<span class=\"_ _92\"></span><span class=\"ls4d ws6d8\"> on the or<span class=\"_ _43\"></span>iginal effe<span class=\"_ _43\"></span>ctive interest ra<span class=\"_ _43\"></span>te </span>(correspondin<span class=\"_ _43\"></span>g to the w<span class=\"_ _43\"></span>eighted aver<span class=\"_ _43\"></span>age cost<span class=\"_ _43\"></span> of capital at<span class=\"_ _43\"></span> the acquis<span class=\"_ _43\"></span>ition date<span class=\"_ _43\"></span>). Chan<span class=\"_ _43\"></span>ges in the ex<span class=\"_ _43\"></span>pected fair<span class=\"_ _43\"></span> value of th<span class=\"_ _43\"></span>e inte<span class=\"ls39 ws37\">rest are recognised in the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other financial re<span class=\"_ _92\"></span>sult. See </span>section 8.2 O<span class=\"_ _43\"></span>ther long-t<span class=\"_ _43\"></span>erm liabilit<span class=\"_ _43\"></span>ies // 2 The profit p<span class=\"_ _43\"></span>articipation<span class=\"_ _43\"></span> right exists wit<span class=\"_ _43\"></span>h respect to the <span class=\"_ _43\"></span>material assets<span class=\"_ _43\"></span> of TAG. They<span class=\"_ _43\"></span> are measu<span class=\"_ _43\"></span>red at fair value th<span class=\"_ _43\"></span>rough pr<span class=\"_ _43\"></span>of<span class=\"ls201 wsb11\">it or loss in </span>accordance with<span class=\"_ _43\"></span> IFRS 9<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "<div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsdf wsb13 gs3ba\">As a rule, the changes in value<span class=\"_ _43\"></span> of derivative<span class=\"_ _43\"></span> financial instruments<span class=\"_ _43\"></span> related to closed items on t<span class=\"_ _43\"></span>he </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws5c7 gs3bb\">balance sheet, <span class=\"_ _92\"></span>and the liabilities measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s are, in principle<span class=\"_ _92\"></span>, also<span class=\"_ _43\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws806 gs3bc\">recognised in the oth<span class=\"_ _92\"></span>er financial resul<span class=\"_ _92\"></span>t. However<span class=\"_ _14\"></span>, the effec<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s on pr<span class=\"_ _92\"></span>ofit or loss of these two items balan<span class=\"_ _92\"></span>ce </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs3bd\">each other out an<span class=\"_ _92\"></span>d were therefo<span class=\"_ _92\"></span>re not included in the abo<span class=\"_ _92\"></span>ve table.<span class=\"_ _333\"> </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs98b\">4.7<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Investments, non-current receivables from derivativ<span class=\"_ _92\"></span>e  </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1ba wsb23 gs98c\">financial instruments and no<span class=\"ls120 ws6d1\">n-current other receivables</span><span class=\"ls120 ws6d1\"> </span></div>Deriva<span class=\"_ _92\"></span>tive financia<span class=\"_ _92\"></span>l instruments  Derivative fina<span class=\"_ _92\"></span>ncial instruments are r<span class=\"_ _92\"></span>ecognised at fair value when the contr<span class=\"_ _92\"></span>act is entered in<span class=\"_ _92\"></span>to and are subsequently me<span class=\"_ _92\"></span>asured at fair value<span class=\"_ _92\"></span>. As a rule, unrealised r<span class=\"_ _92\"></span>emeasuremen<span class=\"_ _92\"></span>t gains or losses are recognised in the inco<span class=\"_ _92\"></span>me statement if the requir<span class=\"_ _92\"></span>ements for recognition o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships (hedg<span class=\"_ _92\"></span>e accounting) in <span class=\"_ _92\"></span>accordance with IFRS <span class=\"_ _80\"></span>9 are n<span class=\"_ _92\"></span>ot met (see section <span class=\"_ _87\"></span>5.2 Accounting trea<span class=\"_ _92\"></span>tment of hedging relationships). Derivative fin<span class=\"_ _92\"></span>ancial instruments with positive fair<span class=\"_ _0\"></span> values ar<span class=\"_ _92\"></span>e recognised under r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables fr<span class=\"_ _92\"></span>om derivative finan<span class=\"_ _92\"></span>cial instruments, while those <span class=\"_ _92\"></span>with ne<span class=\"ws105\">gative fair values ar<span class=\"_ _92\"></span>e recognised under liabilities </span>from deriv<span class=\"_ _92\"></span>ative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments. If a f<span class=\"_ _92\"></span>ramework agr<span class=\"_ _92\"></span>eement with a netting arr<span class=\"_ _92\"></span>angement h<span class=\"_ _92\"></span>as been enter<span class=\"_ _92\"></span>ed into with a counterparty, th<span class=\"_ _92\"></span>e positive and negative fair v<span class=\"_ _92\"></span>alues of the transactio<span class=\"_ _92\"></span>ns for this counterparty fo<span class=\"_ _92\"></span>r the corresponding periods ar<span class=\"_ _92\"></span>e netted for accountin<span class=\"_ _92\"></span>g purposes because the aim is to settle on a net<span class=\"_ _43\"></span> basis. So-called own-use contracts are not accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for as <span class=\"lsbc ws978\">derivative financial inst<span class=\"ls98 ws671\">ruments, but instead as </span></span>executory contracts (<span class=\"_ _92\"></span>own use exem<span class=\"_ _92\"></span>ption). If supplier contr<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>cts that<span class=\"_ _92\"></span> previously repr<span class=\"_ _92\"></span>esented own-use contracts le<span class=\"_ _92\"></span>ad to a net settlement within the <span class=\"_ _92\"></span>meaning of IFRS <span class=\"_ _92\"></span>9, they must be qualified as fr<span class=\"_ _92\"></span>eestanding derivatives and r<span class=\"_ _92\"></span>ecognised at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws1ad gsb25\">In the even<span class=\"_ _92\"></span>t of insolvency, derivative fin<span class=\"_ _92\"></span>ancial instruments in the fin<span class=\"_ _92\"></span>ance area (under closed it<span class=\"_ _92\"></span>ems on </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws108 gsb26\">the balance sheet)<span class=\"_ _92\"></span> can be netted agains<span class=\"_ _92\"></span>t the financial liabilities cl<span class=\"_ _92\"></span>assified as FVPL (under closed items </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb6 ws199 gsa3f\">on the balance <span class=\"_ _92\"></span>sheet) (see section 11 Risk man<span class=\"_ _92\"></span>agement).<span class=\"_ _333\"> </span></div>5.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Accounting treatment of <span class=\"ls124 ws2ca\">hedging relationships</span></span><span class=\"lsef ws877\"><span class=\"ls124 ws2ca\"> </span></span>VERBUND applies speci<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l accountin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> policies fo<span class=\"_ _92\"></span>r hedging relatio<span class=\"_ _92\"></span>nships in the energy are<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span> as well as in<span class=\"_ _92\"></span> the finance area. 5.2.1 Hedging transactions in the energy area VERBUND emplo<span class=\"_ _92\"></span>ys electricity for<span class=\"_ _43\"></span>ward con<span class=\"_ _92\"></span>tracts and electricity futur<span class=\"_ _92\"></span>es contracts as well as <span class=\"_ _92\"></span>options as derivatives within th<span class=\"ls63 ws42e\">e meaning of IFRS <span class=\"_ _14\"></span>9 as part of cash fl<span class=\"ls82 ws801\">ow hedges in the energy ar<span class=\"_ _92\"></span>ea. Since the 2020 </span></span>financial year<span class=\"_ _80\"></span>, options have been used as part <span class=\"_ _92\"></span>of a collar strategy in which a certain<span class=\"_ _92\"></span> price band is to be hedged for futur<span class=\"_ _92\"></span>e electricity purchases<span class=\"_ _92\"></span>. The goal of<span class=\"lsa2 ws10c\"> hedging rel<span class=\"_ _92\"></span>ationships is to reduce the cash fl<span class=\"_ _92\"></span>ow </span>volatility r<span class=\"_ _92\"></span>esulting from<span class=\"_ _92\"></span> market price fluctuation<span class=\"_ _92\"></span>s by hedging the prices for the fo<span class=\"_ _0\"></span>llowing tran<span class=\"_ _92\"></span>sactions<span class=\"_ _43\"></span>: (1)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"ws366\">sale of own gener<span class=\"_ _92\"></span>ation and marketin<span class=\"_ _92\"></span>g of electricity from r<span class=\"_ _92\"></span>enewable energy plan<span class=\"_ _92\"></span>ts not owned by </span>VERBUND; (2)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for electricity deliveries to customers; and </span>(3)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for gas deliveries to customer<span class=\"_ _92\"></span>s. </span>The timing and amo<span class=\"_ _92\"></span>unt of the hedging of futur<span class=\"_ _92\"></span>e electricity deliveries depends in each c<span class=\"_ _92\"></span>ase on the curren<span class=\"_ _92\"></span>t price trend. As a gener<span class=\"_ _92\"></span>al rule, the hed<span class=\"_ _92\"></span>ges are enter<span class=\"_ _92\"></span>ed into successively. A <span class=\"_ _92\"></span>portion of the entir<span class=\"_ _92\"></span>e volume anticipa<span class=\"_ _92\"></span>ted is hedged correspondin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> to the risk man<span class=\"_ _92\"></span>agement stra<span class=\"_ _92\"></span>tegy. As a rule, once th<span class=\"_ _92\"></span>e relevan<span class=\"_ _92\"></span>t contractual terms of the <span class=\"_ _92\"></span>electricity futures<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> forwards and option<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> enter<span class=\"_ _92\"></span>ed into coincide with those of the underl<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span>ing trans<span class=\"_ _92\"></span>actions, a qualitative meas<span class=\"_ _92\"></span>urement of effectivenes<span class=\"_ _92\"></span>s is carried out. As a general rule<span class=\"_ _92\"></span>, it can be assumed that <span class=\"_ _92\"></span>the changes in the value o<span class=\"_ _92\"></span>f the hedging instruments en<span class=\"_ _92\"></span>tirely offset the changes in<span class=\"_ _92\"></span> the future cash flo<span class=\"_ _92\"></span>ws.  The exception<span class=\"_ _92\"></span> to this rule is hedges of electrici<span class=\"_ _92\"></span><span class=\"ls33 ws349\">ty deliveries on a mark<span class=\"_ _92\"></span>et differing from the place of<span class=\"_ _92\"></span> </span>delivery. Such hedges ha<span class=\"_ _92\"></span>ve been used since 1 <span class=\"_ _87\"></span>Oc<span class=\"ls7d wsad1\">tober 2018 as a consequence of the restriction on </span>unlimited tradin<span class=\"_ _92\"></span>g on the German-Austrian electricity <span class=\"ls74 ws7a5\">m<span class=\"_ _92\"></span>arket. Due t<span class=\"_ _92\"></span>o the higher liquidity, the m<span class=\"_ _92\"></span>ajority </span>of Aus<span class=\"_ _92\"></span>trian electricity deliveries are hedged with Germ<span class=\"_ _92\"></span>an futures mark<span class=\"_ _92\"></span>et products<span class=\"_ _92\"></span>. The Austrian price is made up of the German<span class=\"_ _92\"></span> pr<span class=\"_ _43\"></span>ice plus a German/Austrian<span class=\"_ _92\"></span> spread. German forward pr<span class=\"_ _92\"></span>oducts are therefo<span class=\"_ _92\"></span>re used to hedge A<span class=\"_ _92\"></span>ustrian electrici<span class=\"ls81 ws4f2\">ty deliveries, <span class=\"_ _92\"></span>whereby the co<span class=\"_ _92\"></span>nditions between the hedging ins<span class=\"_ _92\"></span>truments </span>and the planned cash fl<span class=\"_ _92\"></span>ows essentially ma<span class=\"_ _92\"></span>tch also in these cases<span class=\"_ _92\"></span>.  Insignifican<span class=\"_ _92\"></span>t ineffective portions of the hed<span class=\"_ _92\"></span>ges can result fr<span class=\"_ _92\"></span>om the German/Austrian<span class=\"_ _92\"></span> location spr<span class=\"_ _92\"></span>ead, from ch<span class=\"_ _92\"></span>anges in the counterparty\u2019<span class=\"_ _14\"></span>s or VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s credit risk or a r<span class=\"_ _92\"></span>educed volume of the expected electricity delivery.  Accounting tr<span class=\"_ _92\"></span>eatment of hedging<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>transactions i<span class=\"_ _92\"></span>n the energy area In the case of <span class=\"_ _92\"></span>derivative financial instrumen<span class=\"_ _92\"></span>ts that are desig<span class=\"_ _92\"></span>nated as cash flow hedges in<span class=\"_ _92\"></span> accordance with IFRS <span class=\"_ _14\"></span>9, the portion of<span class=\"_ _92\"></span> the unrealised gains or<span class=\"_ _92\"></span> losses that is determin<span class=\"_ _92\"></span>ed to be an effective hedge is recognised in o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her compr<span class=\"_ _92\"></span>ehensive income. In<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>contras<span class=\"_ _92\"></span>t, ineffective portions of the hedge ar<span class=\"_ _92\"></span>e recognised in profit o<span class=\"_ _92\"></span>r loss. When using op<span class=\"_ _92\"></span>tions, only the in<span class=\"_ _92\"></span>trinsi<span class=\"ls108 ws329\">c value of the op<span class=\"_ _92\"></span>tions will <span class=\"lsa3 ws152\">be designat<span class=\"_ _92\"></span>ed within the<span class=\"_ _43\"></span> </span></span>framewor<span class=\"_ _92\"></span>k of the hedging rela<span class=\"_ _92\"></span>tionship and the change in fair value wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be recognised separ<span class=\"_ _92\"></span>ately as costs of hedging in othe<span class=\"ls99 ws369\">r compre<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ensive income.<span class=\"_ _333\"> </span></span>Unr<span class=\"_ _92\"></span>ealised gains or losses ar<span class=\"_ _92\"></span>e only reclas<span class=\"_ _92\"></span>sified <span class=\"_ _43\"></span>(\u201c<span class=\"ls7c ws361\">r<span class=\"_ _92\"></span>ec<span class=\"_ _43\"></span>ycled\u201d) to t<span class=\"_ _92\"></span>he income statemen<span class=\"_ _92\"></span>t when the hedged </span>item affects profit or loss<span class=\"_ _92\"></span>.  Electricity, gas and CO<span class=\"_ _333\"> </span>2 derivatives<span class=\"_ _92\"></span> not designated as hed<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>ing instruments <span class=\"_ _92\"></span>are allocated to<span class=\"_ _92\"></span> the wholesale portf<span class=\"_ _92\"></span>olio<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> F<span class=\"_ _92\"></span>air value changes<span class=\"_ _92\"></span> in (freestanding) el<span class=\"_ _92\"></span>ectricity and gas deriva<span class=\"_ _92\"></span>tives in the wholesale portfolio tha<span class=\"_ _92\"></span>t were not designa<span class=\"_ _92\"></span>ted as hedging instruments ar<span class=\"_ _92\"></span>e recognised in profit or<span class=\"_ _92\"></span> loss net of previously r<span class=\"_ _92\"></span>ealised futures and follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing the netting of <span class=\"_ _92\"></span>positive and negative fair values<span class=\"_ _92\"></span>. 5.2.2 Hedging trans<span class=\"_ _92\"></span>actions<span class=\"ls250 wsa81\"> in the finance area </span>Apart fr<span class=\"_ _92\"></span>om derivative transac<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ions in connection with closed items on<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he balance sheet, futur<span class=\"_ _92\"></span>e payments un<span class=\"_ _92\"></span>der financial liabilities bearing in<span class=\"_ _92\"></span>terest at a varia<span class=\"_ _92\"></span>ble rate are hedged b<span class=\"_ _92\"></span>y means of inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> s<span class=\"_ _80\"></span>w<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>p<span class=\"_ _87\"></span>s<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> o<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>d<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span>u<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> c<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> f<span class=\"_ _80\"></span>l<span class=\"_ _80\"></span>o<span class=\"_ _87\"></span>w<span class=\"_ _80\"></span> r<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span> w<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> m<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _87\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _87\"></span>.<span class=\"_ _80\"></span> <span class=\"_ _80\"></span> The hedging instr<span class=\"_ _43\"></span>uments\u2019 contract terms are almost <span class=\"ls76 ws1f6\">identical to those o<span class=\"_ _92\"></span>f th<span class=\"ls6f ws74\">e hedged items (critic<span class=\"_ _92\"></span>al </span></span>terms matc<span class=\"_ _92\"></span>h). The qualitative basis of <span class=\"_ _92\"></span>this economic relatio<span class=\"_ _92\"></span>nship is regularly r<span class=\"_ _92\"></span>eviewed by VERBUND<span class=\"_ _92\"></span>. <span class=\"_ _80\"></span> As a general rul<span class=\"_ _92\"></span>e, it can be assum<span class=\"_ _92\"></span>ed that the changes in <span class=\"_ _92\"></span>the value of the he<span class=\"_ _92\"></span>dging instruments entir<span class=\"_ _92\"></span>ely offset the chang<span class=\"_ _92\"></span>es in the future cash flo<span class=\"_ _92\"></span>ws. The entir<span class=\"_ _92\"></span>e risk of an increase in the m<span class=\"_ _92\"></span>arket inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st ra<span class=\"_ _92\"></span>te with respect to v<span class=\"_ _92\"></span>ariable-interest-be<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ring financial liabilities is n<span class=\"_ _92\"></span>ot always hedged, i.e<span class=\"_ _92\"></span>. the hedge ratio doe<span class=\"_ _0\"></span>s not always amount to 100 <span class=\"_ _87\"></span>%. In<span class=\"_ _0\"></span>effe<span class=\"ls0 ws11c\">ctive portions of the hedges can only r<span class=\"_ _92\"></span>esult from changes in the </span>counterparty\u2019<span class=\"_ _14\"></span>s or VERBUND\u2019<span class=\"_ _14\"></span>s cr<span class=\"_ _92\"></span>edit <span class=\"_ _43\"></span>risk. Pa<span class=\"_ _92\"></span>yments are m<span class=\"_ _92\"></span>ade on interest r<span class=\"_ _92\"></span>ate swaps every six months<span class=\"_ _92\"></span>. The underlying variabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> market in<span class=\"_ _92\"></span>terest rate is the six-month EURIBOR. The future interest payments hedged by the interest rate swaps occur in the following 13 years (2023 to 2035) and will be <span class=\"ls7d ws21e\">recognised in profit <span class=\"ls0\">or loss accor<span class=\"_ _92\"></span>dingly. </span></span>Accounting t<span class=\"_ _92\"></span>reatment of he<span class=\"_ _92\"></span>dging transactions i<span class=\"_ _92\"></span>n the finance ar<span class=\"_ _92\"></span>ea  Some of the inter<span class=\"_ _92\"></span>est rate s<span class=\"_ _92\"></span>waps are designa<span class=\"_ _92\"></span>ted as cash flow hedges in acco<span class=\"_ _92\"></span>rdance with IFRS <span class=\"_ _80\"></span>9. Those inter<span class=\"_ _92\"></span>est rate swaps tha<span class=\"_ _92\"></span>t hedge intra-Gr<span class=\"_ _92\"></span>oup financing at the subsidiary level are <span class=\"_ _92\"></span>accounted for as derivatives meas<span class=\"_ _92\"></span>ured at fair value thro<span class=\"_ _92\"></span>ugh prof<span class=\"ls80 ws54e\">it or loss in VERBUND\u2019<span class=\"_ _14\"></span>s consolidated financial </span>statemen<span class=\"_ _92\"></span>ts. With r<span class=\"_ _92\"></span>espect to individual closed items o<span class=\"_ _92\"></span>n the balance sheet (see sectio<span class=\"_ _92\"></span>n <span class=\"_ _87\"></span>8.1 F<span class=\"_ _92\"></span>inancial liabilities and section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>11 Risk management), <span class=\"_ _92\"></span>the investme<span class=\"ls97 ws9af\">nts result in variable income that is offset by </span>fixed expenses<span class=\"_ _92\"></span>. In order to<span class=\"_ _92\"></span> avoid risk, inter<span class=\"_ _92\"></span>est rate swaps h<span class=\"_ _92\"></span>ave been ent<span class=\"_ _92\"></span>ered into for the corr<span class=\"_ _92\"></span>esponding financial li<span class=\"_ _92\"></span>abilities. These<span class=\"_ _92\"></span> interest ra<span class=\"_ _92\"></span>te swaps exhibit a risk pr<span class=\"_ _92\"></span>ofile that <span class=\"_ _92\"></span>perfectly opposes the corres<span class=\"_ _92\"></span>ponding profile of the as<span class=\"_ _92\"></span>sociated balance sheet items<span class=\"_ _92\"></span>. Therefor<span class=\"_ _92\"></span>e, the carrying amoun<span class=\"_ _92\"></span>t of the associated financial liabilities is adjusted accordin<span class=\"_ _92\"></span><span class=\"ls74 ws347\">g to the hedged risk to balance o<span class=\"_ _92\"></span>ut the fair value </span>measur<span class=\"_ _92\"></span>ement of the inter<span class=\"_ _92\"></span>est rate swa<span class=\"_ _92\"></span>ps. The fair value of in<span class=\"_ _92\"></span>terest rate s<span class=\"_ _92\"></span>waps corresponds to<span class=\"_ _92\"></span> the amount that VERBUN<span class=\"_ _92\"></span>D would receive or ha<span class=\"_ _92\"></span>ve to pay if the <span class=\"_ _92\"></span>transaction wer<span class=\"_ _92\"></span>e terminated on the r<span class=\"_ _92\"></span>eporting date<span class=\"_ _92\"></span>. When calculatin<span class=\"_ _92\"></span>g that amoun<span class=\"_ _92\"></span>t, current inter<span class=\"_ _92\"></span>est rates, yield curves and coun<span class=\"_ _92\"></span>terparty<span class=\"_ _43\"></span> credit risk in particular ar<span class=\"_ _92\"></span>e taken into account (see<span class=\"_ _92\"></span> section 5 Financia<span class=\"ls38 ws1a0\">l instrument<span class=\"_ _43\"></span>s).</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-574": {
   "value": "As a rule, the changes in value<span class=\"_ _43\"></span> of derivative<span class=\"_ _43\"></span> financial instruments<span class=\"_ _43\"></span> related to closed items on t<span class=\"_ _43\"></span>he balance sheet, <span class=\"_ _92\"></span>and the liabilities measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s are, in principle<span class=\"_ _92\"></span>, also<span class=\"_ _43\"></span> recognised in the oth<span class=\"_ _92\"></span>er financial resul<span class=\"_ _92\"></span>t. However<span class=\"_ _14\"></span>, the effec<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s on pr<span class=\"_ _92\"></span>ofit or loss of these two items balan<span class=\"_ _92\"></span>ce each other out an<span class=\"_ _92\"></span>d were therefo<span class=\"_ _92\"></span>re not included in the abo<span class=\"_ _92\"></span>ve table.<span class=\"_ _333\"> </span>The carrying amoun<span class=\"_ _92\"></span>ts of interests accoun<span class=\"_ _92\"></span>ted for using the equity method ar<span class=\"_ _92\"></span>e adjusted to<span class=\"_ _92\"></span> reflect changes in the investee<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s net assets in accor<span class=\"_ _92\"></span>dance with IAS 28 no later th<span class=\"_ _92\"></span>an one quarter following the underlying changes<span class=\"_ _92\"></span>. If VERBUND\u2019<span class=\"_ _14\"></span>s share of l<span class=\"_ _92\"></span>osses from an int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rest acco<span class=\"_ _92\"></span>unted for using the equity me<span class=\"_ _92\"></span>thod corres<span class=\"_ _92\"></span>ponds to or exceeds the carrying amoun<span class=\"_ _92\"></span>t of th<span class=\"ls74 ws920\">e equity inter<span class=\"_ _92\"></span>est, additional losses ar<span class=\"_ _92\"></span>e only taken </span>into accoun<span class=\"_ _92\"></span>t and recognised as a liability to th<span class=\"_ _92\"></span>e extent that leg<span class=\"_ _92\"></span>al or constructive obligat<span class=\"_ _92\"></span>ions were undertaken or pa<span class=\"_ _92\"></span>yments were m<span class=\"_ _92\"></span>ade for the equity-accounted inter<span class=\"_ _92\"></span>est. The carrying amount of the equity-accounted int<span class=\"_ _92\"></span>erest includes the shar<span class=\"_ _92\"></span>e calculated based on<span class=\"_ _92\"></span> equity method accounting plus all<span class=\"_ _92\"></span> long-term equity inter<span class=\"_ _92\"></span>ests that ar<span class=\"_ _92\"></span>e to be allocated to the net in<span class=\"_ _92\"></span>vestment in the equity-accoun<span class=\"_ _92\"></span>ted interest based on their economi<span class=\"_ _92\"></span>c substance. Net in<span class=\"_ _92\"></span>vestments in associated compan<span class=\"_ _92\"></span>ies and joint ventures <span class=\"_ _92\"></span>are tested for objective indica<span class=\"_ _92\"></span>tions of<span class=\"_ _43\"></span> impairment at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. If there ar<span class=\"_ _92\"></span>e any such indic<span class=\"_ _92\"></span>ations, an impairment t<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st must b<span class=\"_ _92\"></span>e conducted for int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rests accoun<span class=\"_ _92\"></span>ted for using the equity method in accor<span class=\"_ _92\"></span>dance with IAS 36<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>4.6<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb23\">Other equity interests</span><span class=\"ls1ba wsb23\"> </span>Equity interests in unconsolidat<span class=\"_ _43\"></span>ed (for lack of mater<span class=\"_ _43\"></span>i<span class=\"ls83 ws45\">ality) subsidiaries<span class=\"_ _92\"></span>, associates and joint ventur<span class=\"_ _92\"></span>es not </span>accounted for usin<span class=\"_ _92\"></span>g the equity method and other equity inter<span class=\"_ _92\"></span>ests are accoun<span class=\"_ _0\"></span>ted for in accordance with IFRS <span class=\"_ _87\"></span>9. If these equity<span class=\"_ _43\"></span> interests are held for the long term due to strategic considerations, they are classified as measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough other compre<span class=\"_ _92\"></span>hensive income (FVO<span class=\"_ _43\"></span>CI). Otherwise they are classified as measur<span class=\"_ _92\"></span>ed at fair value thro<span class=\"_ _92\"></span>ugh profit or los<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> (FVPL). The fair value of the<span class=\"_ _92\"></span> equity interests is derived, dep<span class=\"_ _43\"></span>ending on the situation, from market quotations, compara<span class=\"_ _92\"></span>ble<span class=\"_ _43\"></span> recent transactions, valuations based on th<span class=\"_ _43\"></span>e discounted cash flow or market multiples me<span class=\"_ _43\"></span>thods and/or cost<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>4.7<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Investments, non-current receivables from derivativ<span class=\"_ _92\"></span>e  </span>financial instruments and no<span class=\"ls120 ws6d1\">n-current other receivables</span><span class=\"ls120 ws6d1\"> </span>Investments and loans are classified based on the provisions of IFRS <span class=\"_ _80\"></span>9.<span class=\"_ _43\"></span> Acquisitions and disposals of investmen<span class=\"_ _92\"></span>ts are recognised a<span class=\"_ _92\"></span>t the trade date<span class=\"_ _92\"></span>. The carrying amount of fin<span class=\"_ _92\"></span>ancial assets measured a<span class=\"_ _92\"></span>t amortised cost is determined based o<span class=\"_ _92\"></span>n the effective interest meth<span class=\"_ _92\"></span>od in consideration of any im<span class=\"_ _92\"></span>pairment losses<span class=\"_ _92\"></span>. The carr<span class=\"_ _43\"></span>ying amount<span class=\"_ _92\"></span> of financial assets measur<span class=\"_ _92\"></span>ed at fair value in the bal<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nce sheet is derive<span class=\"_ _92\"></span>d based on IFRS <span class=\"_ _80\"></span>13\u2019<span class=\"_ _92\"></span>s fair value hier<span class=\"_ _92\"></span>archy (see section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>5 Fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instruments). T<span class=\"_ _0\"></span>he notes r<span class=\"_ _92\"></span>egarding the closed items on the b<span class=\"_ _92\"></span>alance sheet can be found in<span class=\"_ _0\"></span> secti<span class=\"ls6f ws5d3\">on 8.1 F<span class=\"_ _92\"></span>inancial liabilities <span class=\"_ _92\"></span>as well as in section 11 </span>Risk mana<span class=\"_ _92\"></span>gement.<span class=\"_ _333\"> </span>5.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1e0 wsa81\">Financial instrument<span class=\"_ _92\"></span>s </span>5.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span><span class=\"ff2a\">Accounting treatment of finan<span class=\"_ _92\"></span>cial instruments</span></span><span class=\"ff36 ls0\"><span class=\"ff2a\"> </span></span>Primary financial instruments For information r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>garding acco<span class=\"_ _92\"></span>unting polici<span class=\"ls80 wsde\">es for primar<span class=\"_ _43\"></span>y financial instruments see: </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls28 ws2ae\">Interests accounted for using the e<span class=\"_ _43\"></span>quity method \u2013<span class=\"_ _43\"></span> section 4.5 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">Other equity inter<span class=\"_ _92\"></span>ests \u2013 section 4.6 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls98 wsc6\">Investments and non-current othe<span class=\"_ _43\"></span>r receivables \u2013 section 4.7 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital \u2013 section 6 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls80 wsde\">Liabilities \u2013 section 8 </span></span>Deriva<span class=\"_ _92\"></span>tive financia<span class=\"_ _92\"></span>l instruments  Derivative fina<span class=\"_ _92\"></span>ncial instruments are r<span class=\"_ _92\"></span>ecognised at fair value when the contr<span class=\"_ _92\"></span>act is entered in<span class=\"_ _92\"></span>to and are subsequently me<span class=\"_ _92\"></span>asured at fair value<span class=\"_ _92\"></span>. As a rule, unrealised r<span class=\"_ _92\"></span>emeasuremen<span class=\"_ _92\"></span>t gains or losses are recognised in the inco<span class=\"_ _92\"></span>me statement if the requir<span class=\"_ _92\"></span>ements for recognition o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships (hedg<span class=\"_ _92\"></span>e accounting) in <span class=\"_ _92\"></span>accordance with IFRS <span class=\"_ _80\"></span>9 are n<span class=\"_ _92\"></span>ot met (see section <span class=\"_ _87\"></span>5.2 Accounting trea<span class=\"_ _92\"></span>tment of hedging relationships). Derivative fin<span class=\"_ _92\"></span>ancial instruments with positive fair<span class=\"_ _0\"></span> values ar<span class=\"_ _92\"></span>e recognised under r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables fr<span class=\"_ _92\"></span>om derivative finan<span class=\"_ _92\"></span>cial instruments, while those <span class=\"_ _92\"></span>with ne<span class=\"ws105\">gative fair values ar<span class=\"_ _92\"></span>e recognised under liabilities </span>from deriv<span class=\"_ _92\"></span>ative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments. If a f<span class=\"_ _92\"></span>ramework agr<span class=\"_ _92\"></span>eement with a netting arr<span class=\"_ _92\"></span>angement h<span class=\"_ _92\"></span>as been enter<span class=\"_ _92\"></span>ed into with a counterparty, th<span class=\"_ _92\"></span>e positive and negative fair v<span class=\"_ _92\"></span>alues of the transactio<span class=\"_ _92\"></span>ns for this counterparty fo<span class=\"_ _92\"></span>r the corresponding periods ar<span class=\"_ _92\"></span>e netted for accountin<span class=\"_ _92\"></span>g purposes because the aim is to settle on a net<span class=\"_ _43\"></span> basis. So-called own-use contracts are not accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for as <span class=\"lsbc ws978\">derivative financial inst<span class=\"ls98 ws671\">ruments, but instead as </span></span>executory contracts (<span class=\"_ _92\"></span>own use exem<span class=\"_ _92\"></span>ption). If supplier contr<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>cts that<span class=\"_ _92\"></span> previously repr<span class=\"_ _92\"></span>esented own-use contracts le<span class=\"_ _92\"></span>ad to a net settlement within the <span class=\"_ _92\"></span>meaning of IFRS <span class=\"_ _92\"></span>9, they must be qualified as fr<span class=\"_ _92\"></span>eestanding derivatives and r<span class=\"_ _92\"></span>ecognised at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span>In the even<span class=\"_ _92\"></span>t of insolvency, derivative fin<span class=\"_ _92\"></span>ancial instruments in the fin<span class=\"_ _92\"></span>ance area (under closed it<span class=\"_ _92\"></span>ems on the balance sheet)<span class=\"_ _92\"></span> can be netted agains<span class=\"_ _92\"></span>t the financial liabilities cl<span class=\"_ _92\"></span>assified as FVPL (under closed items on the balance <span class=\"_ _92\"></span>sheet) (see section 11 Risk man<span class=\"_ _92\"></span>agement).<span class=\"_ _333\"> </span>5.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Accounting treatment of <span class=\"ls124 ws2ca\">hedging relationships</span></span><span class=\"lsef ws877\"><span class=\"ls124 ws2ca\"> </span></span>VERBUND applies speci<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l accountin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> policies fo<span class=\"_ _92\"></span>r hedging relatio<span class=\"_ _92\"></span>nships in the energy are<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span> as well as in<span class=\"_ _92\"></span> the finance area. 5.2.1 Hedging transactions in the energy area VERBUND emplo<span class=\"_ _92\"></span>ys electricity for<span class=\"_ _43\"></span>ward con<span class=\"_ _92\"></span>tracts and electricity futur<span class=\"_ _92\"></span>es contracts as well as <span class=\"_ _92\"></span>options as derivatives within th<span class=\"ls63 ws42e\">e meaning of IFRS <span class=\"_ _14\"></span>9 as part of cash fl<span class=\"ls82 ws801\">ow hedges in the energy ar<span class=\"_ _92\"></span>ea. Since the 2020 </span></span>financial year<span class=\"_ _80\"></span>, options have been used as part <span class=\"_ _92\"></span>of a collar strategy in which a certain<span class=\"_ _92\"></span> price band is to be hedged for futur<span class=\"_ _92\"></span>e electricity purchases<span class=\"_ _92\"></span>. The goal of<span class=\"lsa2 ws10c\"> hedging rel<span class=\"_ _92\"></span>ationships is to reduce the cash fl<span class=\"_ _92\"></span>ow </span>volatility r<span class=\"_ _92\"></span>esulting from<span class=\"_ _92\"></span> market price fluctuation<span class=\"_ _92\"></span>s by hedging the prices for the fo<span class=\"_ _0\"></span>llowing tran<span class=\"_ _92\"></span>sactions<span class=\"_ _43\"></span>: (1)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"ws366\">sale of own gener<span class=\"_ _92\"></span>ation and marketin<span class=\"_ _92\"></span>g of electricity from r<span class=\"_ _92\"></span>enewable energy plan<span class=\"_ _92\"></span>ts not owned by </span>VERBUND; (2)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for electricity deliveries to customers; and </span>(3)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for gas deliveries to customer<span class=\"_ _92\"></span>s. </span>The timing and amo<span class=\"_ _92\"></span>unt of the hedging of futur<span class=\"_ _92\"></span>e electricity deliveries depends in each c<span class=\"_ _92\"></span>ase on the curren<span class=\"_ _92\"></span>t price trend. As a gener<span class=\"_ _92\"></span>al rule, the hed<span class=\"_ _92\"></span>ges are enter<span class=\"_ _92\"></span>ed into successively. A <span class=\"_ _92\"></span>portion of the entir<span class=\"_ _92\"></span>e volume anticipa<span class=\"_ _92\"></span>ted is hedged correspondin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> to the risk man<span class=\"_ _92\"></span>agement stra<span class=\"_ _92\"></span>tegy. As a rule, once th<span class=\"_ _92\"></span>e relevan<span class=\"_ _92\"></span>t contractual terms of the <span class=\"_ _92\"></span>electricity futures<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> forwards and option<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> enter<span class=\"_ _92\"></span>ed into coincide with those of the underl<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span>ing trans<span class=\"_ _92\"></span>actions, a qualitative meas<span class=\"_ _92\"></span>urement of effectivenes<span class=\"_ _92\"></span>s is carried out. As a general rule<span class=\"_ _92\"></span>, it can be assumed that <span class=\"_ _92\"></span>the changes in the value o<span class=\"_ _92\"></span>f the hedging instruments en<span class=\"_ _92\"></span>tirely offset the changes in<span class=\"_ _92\"></span> the future cash flo<span class=\"_ _92\"></span>ws.  The exception<span class=\"_ _92\"></span> to this rule is hedges of electrici<span class=\"_ _92\"></span><span class=\"ls33 ws349\">ty deliveries on a mark<span class=\"_ _92\"></span>et differing from the place of<span class=\"_ _92\"></span> </span>delivery. Such hedges ha<span class=\"_ _92\"></span>ve been used since 1 <span class=\"_ _87\"></span>Oc<span class=\"ls7d wsad1\">tober 2018 as a consequence of the restriction on </span>unlimited tradin<span class=\"_ _92\"></span>g on the German-Austrian electricity <span class=\"ls74 ws7a5\">m<span class=\"_ _92\"></span>arket. Due t<span class=\"_ _92\"></span>o the higher liquidity, the m<span class=\"_ _92\"></span>ajority </span>of Aus<span class=\"_ _92\"></span>trian electricity deliveries are hedged with Germ<span class=\"_ _92\"></span>an futures mark<span class=\"_ _92\"></span>et products<span class=\"_ _92\"></span>. The Austrian price is made up of the German<span class=\"_ _92\"></span> pr<span class=\"_ _43\"></span>ice plus a German/Austrian<span class=\"_ _92\"></span> spread. German forward pr<span class=\"_ _92\"></span>oducts are therefo<span class=\"_ _92\"></span>re used to hedge A<span class=\"_ _92\"></span>ustrian electrici<span class=\"ls81 ws4f2\">ty deliveries, <span class=\"_ _92\"></span>whereby the co<span class=\"_ _92\"></span>nditions between the hedging ins<span class=\"_ _92\"></span>truments </span>and the planned cash fl<span class=\"_ _92\"></span>ows essentially ma<span class=\"_ _92\"></span>tch also in these cases<span class=\"_ _92\"></span>.  Insignifican<span class=\"_ _92\"></span>t ineffective portions of the hed<span class=\"_ _92\"></span>ges can result fr<span class=\"_ _92\"></span>om the German/Austrian<span class=\"_ _92\"></span> location spr<span class=\"_ _92\"></span>ead, from ch<span class=\"_ _92\"></span>anges in the counterparty\u2019<span class=\"_ _14\"></span>s or VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s credit risk or a r<span class=\"_ _92\"></span>educed volume of the expected electricity delivery.  Accounting tr<span class=\"_ _92\"></span>eatment of hedging<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>transactions i<span class=\"_ _92\"></span>n the energy area In the case of <span class=\"_ _92\"></span>derivative financial instrumen<span class=\"_ _92\"></span>ts that are desig<span class=\"_ _92\"></span>nated as cash flow hedges in<span class=\"_ _92\"></span> accordance with IFRS <span class=\"_ _14\"></span>9, the portion of<span class=\"_ _92\"></span> the unrealised gains or<span class=\"_ _92\"></span> losses that is determin<span class=\"_ _92\"></span>ed to be an effective hedge is recognised in o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her compr<span class=\"_ _92\"></span>ehensive income. In<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>contras<span class=\"_ _92\"></span>t, ineffective portions of the hedge ar<span class=\"_ _92\"></span>e recognised in profit o<span class=\"_ _92\"></span>r loss. When using op<span class=\"_ _92\"></span>tions, only the in<span class=\"_ _92\"></span>trinsi<span class=\"ls108 ws329\">c value of the op<span class=\"_ _92\"></span>tions will <span class=\"lsa3 ws152\">be designat<span class=\"_ _92\"></span>ed within the<span class=\"_ _43\"></span> </span></span>framewor<span class=\"_ _92\"></span>k of the hedging rela<span class=\"_ _92\"></span>tionship and the change in fair value wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be recognised separ<span class=\"_ _92\"></span>ately as costs of hedging in othe<span class=\"ls99 ws369\">r compre<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ensive income.<span class=\"_ _333\"> </span></span>Unr<span class=\"_ _92\"></span>ealised gains or losses ar<span class=\"_ _92\"></span>e only reclas<span class=\"_ _92\"></span>sified <span class=\"_ _43\"></span>(\u201c<span class=\"ls7c ws361\">r<span class=\"_ _92\"></span>ec<span class=\"_ _43\"></span>ycled\u201d) to t<span class=\"_ _92\"></span>he income statemen<span class=\"_ _92\"></span>t when the hedged </span>item affects profit or loss<span class=\"_ _92\"></span>.  Electricity, gas and CO<span class=\"_ _333\"> </span>2 derivatives<span class=\"_ _92\"></span> not designated as hed<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>ing instruments <span class=\"_ _92\"></span>are allocated to<span class=\"_ _92\"></span> the wholesale portf<span class=\"_ _92\"></span>olio<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> F<span class=\"_ _92\"></span>air value changes<span class=\"_ _92\"></span> in (freestanding) el<span class=\"_ _92\"></span>ectricity and gas deriva<span class=\"_ _92\"></span>tives in the wholesale portfolio tha<span class=\"_ _92\"></span>t were not designa<span class=\"_ _92\"></span>ted as hedging instruments ar<span class=\"_ _92\"></span>e recognised in profit or<span class=\"_ _92\"></span> loss net of previously r<span class=\"_ _92\"></span>ealised futures and follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing the netting of <span class=\"_ _92\"></span>positive and negative fair values<span class=\"_ _92\"></span>. 5.2.2 Hedging trans<span class=\"_ _92\"></span>actions<span class=\"ls250 wsa81\"> in the finance area </span>Apart fr<span class=\"_ _92\"></span>om derivative transac<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ions in connection with closed items on<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he balance sheet, futur<span class=\"_ _92\"></span>e payments un<span class=\"_ _92\"></span>der financial liabilities bearing in<span class=\"_ _92\"></span>terest at a varia<span class=\"_ _92\"></span>ble rate are hedged b<span class=\"_ _92\"></span>y means of inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> s<span class=\"_ _80\"></span>w<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>p<span class=\"_ _87\"></span>s<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> o<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>d<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span>u<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> c<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> f<span class=\"_ _80\"></span>l<span class=\"_ _80\"></span>o<span class=\"_ _87\"></span>w<span class=\"_ _80\"></span> r<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span> w<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> m<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _87\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _87\"></span>.<span class=\"_ _80\"></span> <span class=\"_ _80\"></span> The hedging instr<span class=\"_ _43\"></span>uments\u2019 contract terms are almost <span class=\"ls76 ws1f6\">identical to those o<span class=\"_ _92\"></span>f th<span class=\"ls6f ws74\">e hedged items (critic<span class=\"_ _92\"></span>al </span></span>terms matc<span class=\"_ _92\"></span>h). The qualitative basis of <span class=\"_ _92\"></span>this economic relatio<span class=\"_ _92\"></span>nship is regularly r<span class=\"_ _92\"></span>eviewed by VERBUND<span class=\"_ _92\"></span>. <span class=\"_ _80\"></span> As a general rul<span class=\"_ _92\"></span>e, it can be assum<span class=\"_ _92\"></span>ed that the changes in <span class=\"_ _92\"></span>the value of the he<span class=\"_ _92\"></span>dging instruments entir<span class=\"_ _92\"></span>ely offset the chang<span class=\"_ _92\"></span>es in the future cash flo<span class=\"_ _92\"></span>ws. The entir<span class=\"_ _92\"></span>e risk of an increase in the m<span class=\"_ _92\"></span>arket inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st ra<span class=\"_ _92\"></span>te with respect to v<span class=\"_ _92\"></span>ariable-interest-be<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ring financial liabilities is n<span class=\"_ _92\"></span>ot always hedged, i.e<span class=\"_ _92\"></span>. the hedge ratio doe<span class=\"_ _0\"></span>s not always amount to 100 <span class=\"_ _87\"></span>%. In<span class=\"_ _0\"></span>effe<span class=\"ls0 ws11c\">ctive portions of the hedges can only r<span class=\"_ _92\"></span>esult from changes in the </span>counterparty\u2019<span class=\"_ _14\"></span>s or VERBUND\u2019<span class=\"_ _14\"></span>s cr<span class=\"_ _92\"></span>edit <span class=\"_ _43\"></span>risk. Pa<span class=\"_ _92\"></span>yments are m<span class=\"_ _92\"></span>ade on interest r<span class=\"_ _92\"></span>ate swaps every six months<span class=\"_ _92\"></span>. The underlying variabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> market in<span class=\"_ _92\"></span>terest rate is the six-month EURIBOR. The future interest payments hedged by the interest rate swaps occur in the following 13 years (2023 to 2035) and will be <span class=\"ls7d ws21e\">recognised in profit <span class=\"ls0\">or loss accor<span class=\"_ _92\"></span>dingly. </span></span>Accounting t<span class=\"_ _92\"></span>reatment of he<span class=\"_ _92\"></span>dging transactions i<span class=\"_ _92\"></span>n the finance ar<span class=\"_ _92\"></span>ea  Some of the inter<span class=\"_ _92\"></span>est rate s<span class=\"_ _92\"></span>waps are designa<span class=\"_ _92\"></span>ted as cash flow hedges in acco<span class=\"_ _92\"></span>rdance with IFRS <span class=\"_ _80\"></span>9. Those inter<span class=\"_ _92\"></span>est rate swaps tha<span class=\"_ _92\"></span>t hedge intra-Gr<span class=\"_ _92\"></span>oup financing at the subsidiary level are <span class=\"_ _92\"></span>accounted for as derivatives meas<span class=\"_ _92\"></span>ured at fair value thro<span class=\"_ _92\"></span>ugh prof<span class=\"ls80 ws54e\">it or loss in VERBUND\u2019<span class=\"_ _14\"></span>s consolidated financial </span>statemen<span class=\"_ _92\"></span>ts. With r<span class=\"_ _92\"></span>espect to individual closed items o<span class=\"_ _92\"></span>n the balance sheet (see sectio<span class=\"_ _92\"></span>n <span class=\"_ _87\"></span>8.1 F<span class=\"_ _92\"></span>inancial liabilities and section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>11 Risk management), <span class=\"_ _92\"></span>the investme<span class=\"ls97 ws9af\">nts result in variable income that is offset by </span>fixed expenses<span class=\"_ _92\"></span>. In order to<span class=\"_ _92\"></span> avoid risk, inter<span class=\"_ _92\"></span>est rate swaps h<span class=\"_ _92\"></span>ave been ent<span class=\"_ _92\"></span>ered into for the corr<span class=\"_ _92\"></span>esponding financial li<span class=\"_ _92\"></span>abilities. These<span class=\"_ _92\"></span> interest ra<span class=\"_ _92\"></span>te swaps exhibit a risk pr<span class=\"_ _92\"></span>ofile that <span class=\"_ _92\"></span>perfectly opposes the corres<span class=\"_ _92\"></span>ponding profile of the as<span class=\"_ _92\"></span>sociated balance sheet items<span class=\"_ _92\"></span>. Therefor<span class=\"_ _92\"></span>e, the carrying amoun<span class=\"_ _92\"></span>t of the associated financial liabilities is adjusted accordin<span class=\"_ _92\"></span><span class=\"ls74 ws347\">g to the hedged risk to balance o<span class=\"_ _92\"></span>ut the fair value </span>measur<span class=\"_ _92\"></span>ement of the inter<span class=\"_ _92\"></span>est rate swa<span class=\"_ _92\"></span>ps. The fair value of in<span class=\"_ _92\"></span>terest rate s<span class=\"_ _92\"></span>waps corresponds to<span class=\"_ _92\"></span> the amount that VERBUN<span class=\"_ _92\"></span>D would receive or ha<span class=\"_ _92\"></span>ve to pay if the <span class=\"_ _92\"></span>transaction wer<span class=\"_ _92\"></span>e terminated on the r<span class=\"_ _92\"></span>eporting date<span class=\"_ _92\"></span>. When calculatin<span class=\"_ _92\"></span>g that amoun<span class=\"_ _92\"></span>t, current inter<span class=\"_ _92\"></span>est rates, yield curves and coun<span class=\"_ _92\"></span>terparty<span class=\"_ _43\"></span> credit risk in particular ar<span class=\"_ _92\"></span>e taken into account (see<span class=\"_ _92\"></span> section 5 Financia<span class=\"ls38 ws1a0\">l instrument<span class=\"_ _43\"></span>s).</span><span class=\"ls38 ws1a0\"> </span>6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span>W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span>instruments<span class=\"_ _43\"></span>; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span>Trade receiv<span class=\"_ _92\"></span>ables and receivables from investees ar<span class=\"_ _92\"></span>e cl<span class=\"ls95 wsa66\">assified as measured a<span class=\"_ _92\"></span>t amortised cost (AC) and </span>thus account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for at cost less a<span class=\"_ _92\"></span>ny impairment losses (see section 5 F<span class=\"_ _92\"></span>inancial assets).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "As a rule, the changes in value<span class=\"_ _43\"></span> of derivative<span class=\"_ _43\"></span> financial instruments<span class=\"_ _43\"></span> related to closed items on t<span class=\"_ _43\"></span>he balance sheet, <span class=\"_ _92\"></span>and the liabilities measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s are, in principle<span class=\"_ _92\"></span>, also<span class=\"_ _43\"></span> recognised in the oth<span class=\"_ _92\"></span>er financial resul<span class=\"_ _92\"></span>t. However<span class=\"_ _14\"></span>, the effec<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s on pr<span class=\"_ _92\"></span>ofit or loss of these two items balan<span class=\"_ _92\"></span>ce each other out an<span class=\"_ _92\"></span>d were therefo<span class=\"_ _92\"></span>re not included in the abo<span class=\"_ _92\"></span>ve table.<span class=\"_ _333\"> </span>4.7<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Investments, non-current receivables from derivativ<span class=\"_ _92\"></span>e  </span>financial instruments and no<span class=\"ls120 ws6d1\">n-current other receivables</span><span class=\"ls120 ws6d1\"> </span>Investments and loans are classified based on the provisions of IFRS <span class=\"_ _80\"></span>9.<span class=\"_ _43\"></span> Acquisitions and disposals of investmen<span class=\"_ _92\"></span>ts are recognised a<span class=\"_ _92\"></span>t the trade date<span class=\"_ _92\"></span>. The carrying amount of fin<span class=\"_ _92\"></span>ancial assets measured a<span class=\"_ _92\"></span>t amortised cost is determined based o<span class=\"_ _92\"></span>n the effective interest meth<span class=\"_ _92\"></span>od in consideration of any im<span class=\"_ _92\"></span>pairment losses<span class=\"_ _92\"></span>. The carr<span class=\"_ _43\"></span>ying amount<span class=\"_ _92\"></span> of financial assets measur<span class=\"_ _92\"></span>ed at fair value in the bal<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nce sheet is derive<span class=\"_ _92\"></span>d based on IFRS <span class=\"_ _80\"></span>13\u2019<span class=\"_ _92\"></span>s fair value hier<span class=\"_ _92\"></span>archy (see section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>5 Fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instruments). T<span class=\"_ _0\"></span>he notes r<span class=\"_ _92\"></span>egarding the closed items on the b<span class=\"_ _92\"></span>alance sheet can be found in<span class=\"_ _0\"></span> secti<span class=\"ls6f ws5d3\">on 8.1 F<span class=\"_ _92\"></span>inancial liabilities <span class=\"_ _92\"></span>as well as in section 11 </span>Risk mana<span class=\"_ _92\"></span>gement.<span class=\"_ _333\"> </span>Deriva<span class=\"_ _92\"></span>tive financia<span class=\"_ _92\"></span>l instruments  Derivative fina<span class=\"_ _92\"></span>ncial instruments are r<span class=\"_ _92\"></span>ecognised at fair value when the contr<span class=\"_ _92\"></span>act is entered in<span class=\"_ _92\"></span>to and are subsequently me<span class=\"_ _92\"></span>asured at fair value<span class=\"_ _92\"></span>. As a rule, unrealised r<span class=\"_ _92\"></span>emeasuremen<span class=\"_ _92\"></span>t gains or losses are recognised in the inco<span class=\"_ _92\"></span>me statement if the requir<span class=\"_ _92\"></span>ements for recognition o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships (hedg<span class=\"_ _92\"></span>e accounting) in <span class=\"_ _92\"></span>accordance with IFRS <span class=\"_ _80\"></span>9 are n<span class=\"_ _92\"></span>ot met (see section <span class=\"_ _87\"></span>5.2 Accounting trea<span class=\"_ _92\"></span>tment of hedging relationships). Derivative fin<span class=\"_ _92\"></span>ancial instruments with positive fair<span class=\"_ _0\"></span> values ar<span class=\"_ _92\"></span>e recognised under r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables fr<span class=\"_ _92\"></span>om derivative finan<span class=\"_ _92\"></span>cial instruments, while those <span class=\"_ _92\"></span>with ne<span class=\"ws105\">gative fair values ar<span class=\"_ _92\"></span>e recognised under liabilities </span>from deriv<span class=\"_ _92\"></span>ative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments. If a f<span class=\"_ _92\"></span>ramework agr<span class=\"_ _92\"></span>eement with a netting arr<span class=\"_ _92\"></span>angement h<span class=\"_ _92\"></span>as been enter<span class=\"_ _92\"></span>ed into with a counterparty, th<span class=\"_ _92\"></span>e positive and negative fair v<span class=\"_ _92\"></span>alues of the transactio<span class=\"_ _92\"></span>ns for this counterparty fo<span class=\"_ _92\"></span>r the corresponding periods ar<span class=\"_ _92\"></span>e netted for accountin<span class=\"_ _92\"></span>g purposes because the aim is to settle on a net<span class=\"_ _43\"></span> basis. So-called own-use contracts are not accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for as <span class=\"lsbc ws978\">derivative financial inst<span class=\"ls98 ws671\">ruments, but instead as </span></span>executory contracts (<span class=\"_ _92\"></span>own use exem<span class=\"_ _92\"></span>ption). If supplier contr<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>cts that<span class=\"_ _92\"></span> previously repr<span class=\"_ _92\"></span>esented own-use contracts le<span class=\"_ _92\"></span>ad to a net settlement within the <span class=\"_ _92\"></span>meaning of IFRS <span class=\"_ _92\"></span>9, they must be qualified as fr<span class=\"_ _92\"></span>eestanding derivatives and r<span class=\"_ _92\"></span>ecognised at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span>8.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba\">Liabilities </span>The notes in this s<span class=\"_ _43\"></span>ection relate to non-current and current financial liabilities as we<span class=\"_ _43\"></span>ll as non-current other liabilities. Details reg<span class=\"_ _92\"></span>arding trade payables an<span class=\"ls78 ws421\">d curr<span class=\"_ _92\"></span>ent other liabilities are pr<span class=\"_ _92\"></span>ovided in section <span class=\"_ _14\"></span>6 </span>W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital.<span class=\"_ _333\"> </span>8.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 ws309\">Financial liabilities<span class=\"_ _333\"> </span></span><span class=\"ls101 ws309\"> </span>Financial liabilities ar<span class=\"_ _92\"></span>e recognised at fair value when<span class=\"lsa8 ws78b\"> the funds are pro<span class=\"_ _92\"></span>vide<span class=\"_ _43\"></span>d. As a rule, this<span class=\"_ _43\"></span> corresponds </span>to the amoun<span class=\"_ _92\"></span>t actually received. Any pr<span class=\"_ _92\"></span>emiums or discounts ar<span class=\"_ _92\"></span>e allocated over th<span class=\"_ _92\"></span>e financing term by applying the effective in<span class=\"_ _92\"></span>terest method and pr<span class=\"_ _92\"></span>esented on an accrual basis in inter<span class=\"_ _92\"></span>est expenses. Individual financial liabilities originally incur<span class=\"_ _43\"></span>red in connection with<span class=\"_ _43\"></span> cross-border leasing transactions were classified at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue throug<span class=\"ls9c ws598\">h pr<span class=\"_ _92\"></span>ofit or loss up<span class=\"_ _43\"></span>on initial recogn<span class=\"ls26 ws4d7\">ition using the fair<span class=\"_ _92\"></span> value option. <span class=\"_ _80\"></span> </span></span>As a result<span class=\"_ _92\"></span>, measurement in<span class=\"_ _92\"></span>consistencies that would ha<span class=\"_ _92\"></span>ve otherwise arisen could be eliminated. The closed items on the balance<span class=\"_ _43\"></span> sheet reported under financial liabilit<span class=\"_ _43\"></span>ies as well as under investments r<span class=\"_ _92\"></span>elate to the cross-bo<span class=\"ls71\">r<span class=\"_ _92\"></span>der leasing transactions that we<span class=\"ls7a ws86\">re terminated early in 2009 and 2010. </span></span>Some of the tr<span class=\"_ _92\"></span>ansactions wer<span class=\"_ _92\"></span>e terminated in their en<span class=\"_ _92\"></span>tirety, i.e<span class=\"_ _92\"></span>. all investments an<span class=\"_ _92\"></span>d all liabilities (A-loans and B-loans) wer<span class=\"_ _92\"></span>e repaid. Some of the tr<span class=\"_ _92\"></span>ansactions were onl<span class=\"_ _92\"></span>y <span class=\"_ _43\"></span>partially terminat<span class=\"_ _92\"></span>ed, whereby the existin<span class=\"_ _92\"></span>g B-loans and the corr<span class=\"_ _92\"></span>esponding investment<span class=\"_ _92\"></span>s were continued. Ther<span class=\"_ _92\"></span>efore, balan<span class=\"_ _92\"></span>ce sheet cover r<span class=\"_ _92\"></span>emains in place. Th<span class=\"_ _92\"></span>e accounting balances denomin<span class=\"_ _92\"></span>ated in foreign curr<span class=\"_ _92\"></span>ency<span class=\"_ _43\"></span> (US dollar) ar<span class=\"_ _92\"></span>e measured at the exchange<span class=\"_ _92\"></span> rate pr<span class=\"_ _92\"></span>evailing at the <span class=\"_ _92\"></span>reporting date<span class=\"_ _92\"></span>. Expenses and income fr<span class=\"_ _92\"></span>om the measur<span class=\"_ _92\"></span>ement corres<span class=\"_ _92\"></span>pond to one ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her both in terms<span class=\"_ _92\"></span> of value as well as with r<span class=\"_ _92\"></span>espect to the val<span class=\"_ _92\"></span>ue date and are offset<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> The financial in<span class=\"_ _92\"></span>vestments and liabilities r<span class=\"_ _92\"></span>esulting from the cr<span class=\"_ _92\"></span>oss-border leasing tr<span class=\"_ _92\"></span>ansactions that wer<span class=\"_ _92\"></span>e terminat<span class=\"_ _92\"></span>ed early continue to be pr<span class=\"_ _92\"></span>esented separately in the not<span class=\"_ _92\"></span>es to the consolidated financial statemen<span class=\"_ _92\"></span>ts in order to impr<span class=\"_ _92\"></span>ove clarity; with the ex<span class=\"_ _92\"></span>ception of the valuation<span class=\"_ _92\"></span> allowances recognised fo<span class=\"_ _92\"></span>r expected credit <span class=\"_ _92\"></span>losses, all items ar<span class=\"_ _92\"></span>e closed on the balance sheet <span class=\"_ _92\"></span>(see section 11 Risk manageme<span class=\"_ _92\"></span>nt).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-581": {
   "value": "As a rule, the changes in value<span class=\"_ _43\"></span> of derivative<span class=\"_ _43\"></span> financial instruments<span class=\"_ _43\"></span> related to closed items on t<span class=\"_ _43\"></span>he balance sheet, <span class=\"_ _92\"></span>and the liabilities measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s are, in principle<span class=\"_ _92\"></span>, also<span class=\"_ _43\"></span> recognised in the oth<span class=\"_ _92\"></span>er financial resul<span class=\"_ _92\"></span>t. However<span class=\"_ _14\"></span>, the effec<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s on pr<span class=\"_ _92\"></span>ofit or loss of these two items balan<span class=\"_ _92\"></span>ce each other out an<span class=\"_ _92\"></span>d were therefo<span class=\"_ _92\"></span>re not included in the abo<span class=\"_ _92\"></span>ve table.<span class=\"_ _333\"> </span>Deriva<span class=\"_ _92\"></span>tive financia<span class=\"_ _92\"></span>l instruments  Derivative fina<span class=\"_ _92\"></span>ncial instruments are r<span class=\"_ _92\"></span>ecognised at fair value when the contr<span class=\"_ _92\"></span>act is entered in<span class=\"_ _92\"></span>to and are subsequently me<span class=\"_ _92\"></span>asured at fair value<span class=\"_ _92\"></span>. As a rule, unrealised r<span class=\"_ _92\"></span>emeasuremen<span class=\"_ _92\"></span>t gains or losses are recognised in the inco<span class=\"_ _92\"></span>me statement if the requir<span class=\"_ _92\"></span>ements for recognition o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships (hedg<span class=\"_ _92\"></span>e accounting) in <span class=\"_ _92\"></span>accordance with IFRS <span class=\"_ _80\"></span>9 are n<span class=\"_ _92\"></span>ot met (see section <span class=\"_ _87\"></span>5.2 Accounting trea<span class=\"_ _92\"></span>tment of hedging relationships). Derivative fin<span class=\"_ _92\"></span>ancial instruments with positive fair<span class=\"_ _0\"></span> values ar<span class=\"_ _92\"></span>e recognised under r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables fr<span class=\"_ _92\"></span>om derivative finan<span class=\"_ _92\"></span>cial instruments, while those <span class=\"_ _92\"></span>with ne<span class=\"ws105\">gative fair values ar<span class=\"_ _92\"></span>e recognised under liabilities </span>from deriv<span class=\"_ _92\"></span>ative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments. If a f<span class=\"_ _92\"></span>ramework agr<span class=\"_ _92\"></span>eement with a netting arr<span class=\"_ _92\"></span>angement h<span class=\"_ _92\"></span>as been enter<span class=\"_ _92\"></span>ed into with a counterparty, th<span class=\"_ _92\"></span>e positive and negative fair v<span class=\"_ _92\"></span>alues of the transactio<span class=\"_ _92\"></span>ns for this counterparty fo<span class=\"_ _92\"></span>r the corresponding periods ar<span class=\"_ _92\"></span>e netted for accountin<span class=\"_ _92\"></span>g purposes because the aim is to settle on a net<span class=\"_ _43\"></span> basis. So-called own-use contracts are not accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for as <span class=\"lsbc ws978\">derivative financial inst<span class=\"ls98 ws671\">ruments, but instead as </span></span>executory contracts (<span class=\"_ _92\"></span>own use exem<span class=\"_ _92\"></span>ption). If supplier contr<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>cts that<span class=\"_ _92\"></span> previously repr<span class=\"_ _92\"></span>esented own-use contracts le<span class=\"_ _92\"></span>ad to a net settlement within the <span class=\"_ _92\"></span>meaning of IFRS <span class=\"_ _92\"></span>9, they must be qualified as fr<span class=\"_ _92\"></span>eestanding derivatives and r<span class=\"_ _92\"></span>ecognised at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span>In the even<span class=\"_ _92\"></span>t of insolvency, derivative fin<span class=\"_ _92\"></span>ancial instruments in the fin<span class=\"_ _92\"></span>ance area (under closed it<span class=\"_ _92\"></span>ems on the balance sheet)<span class=\"_ _92\"></span> can be netted agains<span class=\"_ _92\"></span>t the financial liabilities cl<span class=\"_ _92\"></span>assified as FVPL (under closed items on the balance <span class=\"_ _92\"></span>sheet) (see section 11 Risk man<span class=\"_ _92\"></span>agement).<span class=\"_ _333\"> </span>5.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Accounting treatment of <span class=\"ls124 ws2ca\">hedging relationships</span></span><span class=\"lsef ws877\"><span class=\"ls124 ws2ca\"> </span></span>VERBUND applies speci<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l accountin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> policies fo<span class=\"_ _92\"></span>r hedging relatio<span class=\"_ _92\"></span>nships in the energy are<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span> as well as in<span class=\"_ _92\"></span> the finance area. 5.2.1 Hedging transactions in the energy area VERBUND emplo<span class=\"_ _92\"></span>ys electricity for<span class=\"_ _43\"></span>ward con<span class=\"_ _92\"></span>tracts and electricity futur<span class=\"_ _92\"></span>es contracts as well as <span class=\"_ _92\"></span>options as derivatives within th<span class=\"ls63 ws42e\">e meaning of IFRS <span class=\"_ _14\"></span>9 as part of cash fl<span class=\"ls82 ws801\">ow hedges in the energy ar<span class=\"_ _92\"></span>ea. Since the 2020 </span></span>financial year<span class=\"_ _80\"></span>, options have been used as part <span class=\"_ _92\"></span>of a collar strategy in which a certain<span class=\"_ _92\"></span> price band is to be hedged for futur<span class=\"_ _92\"></span>e electricity purchases<span class=\"_ _92\"></span>. The goal of<span class=\"lsa2 ws10c\"> hedging rel<span class=\"_ _92\"></span>ationships is to reduce the cash fl<span class=\"_ _92\"></span>ow </span>volatility r<span class=\"_ _92\"></span>esulting from<span class=\"_ _92\"></span> market price fluctuation<span class=\"_ _92\"></span>s by hedging the prices for the fo<span class=\"_ _0\"></span>llowing tran<span class=\"_ _92\"></span>sactions<span class=\"_ _43\"></span>: (1)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"ws366\">sale of own gener<span class=\"_ _92\"></span>ation and marketin<span class=\"_ _92\"></span>g of electricity from r<span class=\"_ _92\"></span>enewable energy plan<span class=\"_ _92\"></span>ts not owned by </span>VERBUND; (2)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for electricity deliveries to customers; and </span>(3)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for gas deliveries to customer<span class=\"_ _92\"></span>s. </span>The timing and amo<span class=\"_ _92\"></span>unt of the hedging of futur<span class=\"_ _92\"></span>e electricity deliveries depends in each c<span class=\"_ _92\"></span>ase on the curren<span class=\"_ _92\"></span>t price trend. As a gener<span class=\"_ _92\"></span>al rule, the hed<span class=\"_ _92\"></span>ges are enter<span class=\"_ _92\"></span>ed into successively. A <span class=\"_ _92\"></span>portion of the entir<span class=\"_ _92\"></span>e volume anticipa<span class=\"_ _92\"></span>ted is hedged correspondin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> to the risk man<span class=\"_ _92\"></span>agement stra<span class=\"_ _92\"></span>tegy. As a rule, once th<span class=\"_ _92\"></span>e relevan<span class=\"_ _92\"></span>t contractual terms of the <span class=\"_ _92\"></span>electricity futures<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> forwards and option<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> enter<span class=\"_ _92\"></span>ed into coincide with those of the underl<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span>ing trans<span class=\"_ _92\"></span>actions, a qualitative meas<span class=\"_ _92\"></span>urement of effectivenes<span class=\"_ _92\"></span>s is carried out. As a general rule<span class=\"_ _92\"></span>, it can be assumed that <span class=\"_ _92\"></span>the changes in the value o<span class=\"_ _92\"></span>f the hedging instruments en<span class=\"_ _92\"></span>tirely offset the changes in<span class=\"_ _92\"></span> the future cash flo<span class=\"_ _92\"></span>ws.  The exception<span class=\"_ _92\"></span> to this rule is hedges of electrici<span class=\"_ _92\"></span><span class=\"ls33 ws349\">ty deliveries on a mark<span class=\"_ _92\"></span>et differing from the place of<span class=\"_ _92\"></span> </span>delivery. Such hedges ha<span class=\"_ _92\"></span>ve been used since 1 <span class=\"_ _87\"></span>Oc<span class=\"ls7d wsad1\">tober 2018 as a consequence of the restriction on </span>unlimited tradin<span class=\"_ _92\"></span>g on the German-Austrian electricity <span class=\"ls74 ws7a5\">m<span class=\"_ _92\"></span>arket. Due t<span class=\"_ _92\"></span>o the higher liquidity, the m<span class=\"_ _92\"></span>ajority </span>of Aus<span class=\"_ _92\"></span>trian electricity deliveries are hedged with Germ<span class=\"_ _92\"></span>an futures mark<span class=\"_ _92\"></span>et products<span class=\"_ _92\"></span>. The Austrian price is made up of the German<span class=\"_ _92\"></span> pr<span class=\"_ _43\"></span>ice plus a German/Austrian<span class=\"_ _92\"></span> spread. German forward pr<span class=\"_ _92\"></span>oducts are therefo<span class=\"_ _92\"></span>re used to hedge A<span class=\"_ _92\"></span>ustrian electrici<span class=\"ls81 ws4f2\">ty deliveries, <span class=\"_ _92\"></span>whereby the co<span class=\"_ _92\"></span>nditions between the hedging ins<span class=\"_ _92\"></span>truments </span>and the planned cash fl<span class=\"_ _92\"></span>ows essentially ma<span class=\"_ _92\"></span>tch also in these cases<span class=\"_ _92\"></span>.  Insignifican<span class=\"_ _92\"></span>t ineffective portions of the hed<span class=\"_ _92\"></span>ges can result fr<span class=\"_ _92\"></span>om the German/Austrian<span class=\"_ _92\"></span> location spr<span class=\"_ _92\"></span>ead, from ch<span class=\"_ _92\"></span>anges in the counterparty\u2019<span class=\"_ _14\"></span>s or VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s credit risk or a r<span class=\"_ _92\"></span>educed volume of the expected electricity delivery.  Accounting tr<span class=\"_ _92\"></span>eatment of hedging<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>transactions i<span class=\"_ _92\"></span>n the energy area In the case of <span class=\"_ _92\"></span>derivative financial instrumen<span class=\"_ _92\"></span>ts that are desig<span class=\"_ _92\"></span>nated as cash flow hedges in<span class=\"_ _92\"></span> accordance with IFRS <span class=\"_ _14\"></span>9, the portion of<span class=\"_ _92\"></span> the unrealised gains or<span class=\"_ _92\"></span> losses that is determin<span class=\"_ _92\"></span>ed to be an effective hedge is recognised in o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her compr<span class=\"_ _92\"></span>ehensive income. In<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>contras<span class=\"_ _92\"></span>t, ineffective portions of the hedge ar<span class=\"_ _92\"></span>e recognised in profit o<span class=\"_ _92\"></span>r loss. When using op<span class=\"_ _92\"></span>tions, only the in<span class=\"_ _92\"></span>trinsi<span class=\"ls108 ws329\">c value of the op<span class=\"_ _92\"></span>tions will <span class=\"lsa3 ws152\">be designat<span class=\"_ _92\"></span>ed within the<span class=\"_ _43\"></span> </span></span>framewor<span class=\"_ _92\"></span>k of the hedging rela<span class=\"_ _92\"></span>tionship and the change in fair value wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be recognised separ<span class=\"_ _92\"></span>ately as costs of hedging in othe<span class=\"ls99 ws369\">r compre<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ensive income.<span class=\"_ _333\"> </span></span>Unr<span class=\"_ _92\"></span>ealised gains or losses ar<span class=\"_ _92\"></span>e only reclas<span class=\"_ _92\"></span>sified <span class=\"_ _43\"></span>(\u201c<span class=\"ls7c ws361\">r<span class=\"_ _92\"></span>ec<span class=\"_ _43\"></span>ycled\u201d) to t<span class=\"_ _92\"></span>he income statemen<span class=\"_ _92\"></span>t when the hedged </span>item affects profit or loss<span class=\"_ _92\"></span>.  Electricity, gas and CO<span class=\"_ _333\"> </span>2 derivatives<span class=\"_ _92\"></span> not designated as hed<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>ing instruments <span class=\"_ _92\"></span>are allocated to<span class=\"_ _92\"></span> the wholesale portf<span class=\"_ _92\"></span>olio<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> F<span class=\"_ _92\"></span>air value changes<span class=\"_ _92\"></span> in (freestanding) el<span class=\"_ _92\"></span>ectricity and gas deriva<span class=\"_ _92\"></span>tives in the wholesale portfolio tha<span class=\"_ _92\"></span>t were not designa<span class=\"_ _92\"></span>ted as hedging instruments ar<span class=\"_ _92\"></span>e recognised in profit or<span class=\"_ _92\"></span> loss net of previously r<span class=\"_ _92\"></span>ealised futures and follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing the netting of <span class=\"_ _92\"></span>positive and negative fair values<span class=\"_ _92\"></span>. 5.2.2 Hedging trans<span class=\"_ _92\"></span>actions<span class=\"ls250 wsa81\"> in the finance area </span>Apart fr<span class=\"_ _92\"></span>om derivative transac<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ions in connection with closed items on<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he balance sheet, futur<span class=\"_ _92\"></span>e payments un<span class=\"_ _92\"></span>der financial liabilities bearing in<span class=\"_ _92\"></span>terest at a varia<span class=\"_ _92\"></span>ble rate are hedged b<span class=\"_ _92\"></span>y means of inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> s<span class=\"_ _80\"></span>w<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>p<span class=\"_ _87\"></span>s<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> o<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>d<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span>u<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> c<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> f<span class=\"_ _80\"></span>l<span class=\"_ _80\"></span>o<span class=\"_ _87\"></span>w<span class=\"_ _80\"></span> r<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span> w<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> m<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _87\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _87\"></span>.<span class=\"_ _80\"></span> <span class=\"_ _80\"></span> The hedging instr<span class=\"_ _43\"></span>uments\u2019 contract terms are almost <span class=\"ls76 ws1f6\">identical to those o<span class=\"_ _92\"></span>f th<span class=\"ls6f ws74\">e hedged items (critic<span class=\"_ _92\"></span>al </span></span>terms matc<span class=\"_ _92\"></span>h). The qualitative basis of <span class=\"_ _92\"></span>this economic relatio<span class=\"_ _92\"></span>nship is regularly r<span class=\"_ _92\"></span>eviewed by VERBUND<span class=\"_ _92\"></span>. <span class=\"_ _80\"></span> As a general rul<span class=\"_ _92\"></span>e, it can be assum<span class=\"_ _92\"></span>ed that the changes in <span class=\"_ _92\"></span>the value of the he<span class=\"_ _92\"></span>dging instruments entir<span class=\"_ _92\"></span>ely offset the chang<span class=\"_ _92\"></span>es in the future cash flo<span class=\"_ _92\"></span>ws. The entir<span class=\"_ _92\"></span>e risk of an increase in the m<span class=\"_ _92\"></span>arket inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st ra<span class=\"_ _92\"></span>te with respect to v<span class=\"_ _92\"></span>ariable-interest-be<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ring financial liabilities is n<span class=\"_ _92\"></span>ot always hedged, i.e<span class=\"_ _92\"></span>. the hedge ratio doe<span class=\"_ _0\"></span>s not always amount to 100 <span class=\"_ _87\"></span>%. In<span class=\"_ _0\"></span>effe<span class=\"ls0 ws11c\">ctive portions of the hedges can only r<span class=\"_ _92\"></span>esult from changes in the </span>counterparty\u2019<span class=\"_ _14\"></span>s or VERBUND\u2019<span class=\"_ _14\"></span>s cr<span class=\"_ _92\"></span>edit <span class=\"_ _43\"></span>risk. Pa<span class=\"_ _92\"></span>yments are m<span class=\"_ _92\"></span>ade on interest r<span class=\"_ _92\"></span>ate swaps every six months<span class=\"_ _92\"></span>. The underlying variabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> market in<span class=\"_ _92\"></span>terest rate is the six-month EURIBOR. The future interest payments hedged by the interest rate swaps occur in the following 13 years (2023 to 2035) and will be <span class=\"ls7d ws21e\">recognised in profit <span class=\"ls0\">or loss accor<span class=\"_ _92\"></span>dingly. </span></span>Accounting t<span class=\"_ _92\"></span>reatment of he<span class=\"_ _92\"></span>dging transactions i<span class=\"_ _92\"></span>n the finance ar<span class=\"_ _92\"></span>ea  Some of the inter<span class=\"_ _92\"></span>est rate s<span class=\"_ _92\"></span>waps are designa<span class=\"_ _92\"></span>ted as cash flow hedges in acco<span class=\"_ _92\"></span>rdance with IFRS <span class=\"_ _80\"></span>9. Those inter<span class=\"_ _92\"></span>est rate swaps tha<span class=\"_ _92\"></span>t hedge intra-Gr<span class=\"_ _92\"></span>oup financing at the subsidiary level are <span class=\"_ _92\"></span>accounted for as derivatives meas<span class=\"_ _92\"></span>ured at fair value thro<span class=\"_ _92\"></span>ugh prof<span class=\"ls80 ws54e\">it or loss in VERBUND\u2019<span class=\"_ _14\"></span>s consolidated financial </span>statemen<span class=\"_ _92\"></span>ts. With r<span class=\"_ _92\"></span>espect to individual closed items o<span class=\"_ _92\"></span>n the balance sheet (see sectio<span class=\"_ _92\"></span>n <span class=\"_ _87\"></span>8.1 F<span class=\"_ _92\"></span>inancial liabilities and section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>11 Risk management), <span class=\"_ _92\"></span>the investme<span class=\"ls97 ws9af\">nts result in variable income that is offset by </span>fixed expenses<span class=\"_ _92\"></span>. In order to<span class=\"_ _92\"></span> avoid risk, inter<span class=\"_ _92\"></span>est rate swaps h<span class=\"_ _92\"></span>ave been ent<span class=\"_ _92\"></span>ered into for the corr<span class=\"_ _92\"></span>esponding financial li<span class=\"_ _92\"></span>abilities. These<span class=\"_ _92\"></span> interest ra<span class=\"_ _92\"></span>te swaps exhibit a risk pr<span class=\"_ _92\"></span>ofile that <span class=\"_ _92\"></span>perfectly opposes the corres<span class=\"_ _92\"></span>ponding profile of the as<span class=\"_ _92\"></span>sociated balance sheet items<span class=\"_ _92\"></span>. Therefor<span class=\"_ _92\"></span>e, the carrying amoun<span class=\"_ _92\"></span>t of the associated financial liabilities is adjusted accordin<span class=\"_ _92\"></span><span class=\"ls74 ws347\">g to the hedged risk to balance o<span class=\"_ _92\"></span>ut the fair value </span>measur<span class=\"_ _92\"></span>ement of the inter<span class=\"_ _92\"></span>est rate swa<span class=\"_ _92\"></span>ps. The fair value of in<span class=\"_ _92\"></span>terest rate s<span class=\"_ _92\"></span>waps corresponds to<span class=\"_ _92\"></span> the amount that VERBUN<span class=\"_ _92\"></span>D would receive or ha<span class=\"_ _92\"></span>ve to pay if the <span class=\"_ _92\"></span>transaction wer<span class=\"_ _92\"></span>e terminated on the r<span class=\"_ _92\"></span>eporting date<span class=\"_ _92\"></span>. When calculatin<span class=\"_ _92\"></span>g that amoun<span class=\"_ _92\"></span>t, current inter<span class=\"_ _92\"></span>est rates, yield curves and coun<span class=\"_ _92\"></span>terparty<span class=\"_ _43\"></span> credit risk in particular ar<span class=\"_ _92\"></span>e taken into account (see<span class=\"_ _92\"></span> section 5 Financia<span class=\"ls38 ws1a0\">l instrument<span class=\"_ _43\"></span>s).</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "Impairment test \u2013 T<span class=\"_ _80\"></span>rans Austria Gasleitung <span class=\"_ _92\"></span>GmbH    <span class=\"_ _173\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _16\"> </span><span class=\"fc4 ls27 ws27\">Trans Austria Gasleitung GmbH,  </span>Austrian transmission system opera<span class=\"_ _92\"></span>tor Trans Austria Gasl<span class=\"ls19 ws33\">eitung GmbH,  </span>Austrian transmission system operator<span class=\"_ _92\"></span> T<span class=\"_ _14\"></span>riggering event for  (an increase in) impairment Significant changes in the  energy industry environment Significant changes in the  energy industry environment Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _a7\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _219\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls1c ws1d\">Trans Austria Gasleitung GmbH budgets </span>(based primarily on near-market data) Trans Austria Gaslei<span class=\"ls5b ws2e\">tung GmbH budgets </span>(based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _65\"> </span><span class=\"fc4 ls9c ws190\">Capacity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _214\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariff<span class=\"_ _92\"></span>s published by the regulator <span class=\"_ _177\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by<span class=\"_ _43\"></span> the </span></span>regulator Planning period <span class=\"_ _23\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years;  </span>rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d8\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _1e\"> </span><span class=\"fc4 ls59 ws0\">\u20ac51.6m <span class=\"_ _1aa\"> </span><span class=\"ff2f fc0 ls18\">\u20ac21.9m </span></span>Impairment losses  during the period<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">18.3m <span class=\"_ _256\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span>46.2m </span></span>1 Impairment incl. tax gro<span class=\"_ _92\"></span>ss<span class=\"_ _43\"></span> up. An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognised in the 2022 re<span class=\"_ _92\"></span>porting period in the amount of \u20ac3<span class=\"ls1c9 wsa4d\">.3m as at 30 June 2022.<span class=\"_ _92\"></span> As at 31 December </span>2022, the impairm<span class=\"_ _92\"></span>ent<span class=\"_ _43\"></span> recognised during the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>year increased to \u20ac46.<span class=\"_ _92\"></span>2m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment<span class=\"_ _43\"></span> test \u2013 Ashta Beteil<span class=\"_ _43\"></span>igungsverwaltung GmbH    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls32 ws2e\">VERBUND and EVN AG joint venture that </span>holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates<span class=\"_ _92\"></span> a  two-stage Hydromatrix po<span class=\"_ _92\"></span>wer plant  (installed capacity: 53 MW) in Al<span class=\"_ _92\"></span>bania VERBUND and EVN AG joint venture that holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates a  two-stage Hydromatrix power plant  (installed capacity: 53 MW) in Albania Indications of a (reduction in) impairment Updated electricity price forecasts and updated discount rate<span class=\"_ _92\"></span> Updated electricity <span class=\"lsca ws30\">price forecasts and </span>updated discount rate Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls25 ws25\">Budgets o<span class=\"_ _92\"></span>f Energji Ashta Shpk <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls59 ws22\">Budgets of Energji Ashta Shpk </span></span>V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls1e ws1f\">The annu<span class=\"_ _92\"></span>al output corresponding to the </span>mean energy capability of 242 GWh The annual output corresponding to the mean energy capability of 242 GWh Price <span class=\"_ _209\"> </span><span class=\"fc4 ls0\">2022\u2013<span class=\"fsa\"> </span><span class=\"ls20 ws21\">2028: Electricity prices based on </span></span>purchase agreement with KESH 2029\u2013<span class=\"fsa\"> </span><span class=\"ls60 ws61\">2043: Internal price forecasts </span>2023\u2013<span class=\"fsa ls0\"> </span><span class=\"ls46 ws2b\">2028: Electricity prices base<span class=\"_ _92\"></span>d on </span>purchase agreement with KESH 2029\u2013<span class=\"fsa ls0\"> </span><span class=\"ls1f ws959\">2043: Inter<span class=\"_ _92\"></span>nal price forecasts </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls25 ws25\">Detailed planning phase: 1 year;  </span>rough planning phase: 21 years  (long-term reinvestment, repair and maintenance cycles for <span class=\"ls148 wsb19\">hydropower plants) </span>Detailed planning phase: 1 year;  rough planning phase: 20 years  (long-term reinvestment, repair and maintenance cycles for hydropower plants) Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price forecasts and discount rate <span class=\"_ _183\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price forecasts and discount </span>rate After-tax di<span class=\"_ _92\"></span>scount rate<span class=\"_ _333\"> </span>1 <span class=\"_ _258\"> </span><span class=\"fc4 ls1d ws1e\">WACC after taxes (2022\u2013</span><span class=\"fsa fc4\"> <span class=\"fs8 ls2b ws29\">2028): 7.75 % </span></span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws29\">2043): 8.50 % </span>WACC after taxes (2023\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>028): 10.75 % </span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>043): 12.50 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws5e\">\u20ac18.9m  <span class=\"_ _145\"> </span></span><span class=\"ff2f ls18 ws0\">\u20ac19.2m </span>Change in value  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>16.8m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls102\">0.3m </span></span>1 The iterati<span class=\"_ _92\"></span>vely calculated implicit<span class=\"_ _92\"></span> pre-tax interest rate was 13.79 % (previ<span class=\"_ _92\"></span>ous year: 9.37 %). // 2 An impairment loss had<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>lready been rec<span class=\"_ _0\"></span>ognised in the 2022 reporti<span class=\"_ _92\"></span>ng period in the amount of \u20ac0.9m as at 30 June<span class=\"_ _92\"></span> 2022. As at 31 December 2022, the impairment re<span class=\"_ _92\"></span>cognised during the year decreased to \u20ac0.3m<span class=\"_ _333\"> </span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs624\">4.4<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span><span class=\"ff2a wsb3a\">Recov<span class=\"_ _92\"></span>erability of non-financial assets </span></span></div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls113 ws320 gs625\">Recove<span class=\"_ _92\"></span>rability of intangible assets<span class=\"lsb0 ws22e\"> and property<span class=\"_ _92\"></span>, plant and equipment </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws4a3 gs626\">Under IAS <span class=\"_ _86\"></span>36, the carrying amoun<span class=\"_ _92\"></span>ts, in particular<span class=\"_ _14\"></span>, of in<span class=\"_ _92\"></span>tangible assets and pro<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>erty, plant an<span class=\"_ _92\"></span>d </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d wsbf gs627\">equipment ar<span class=\"_ _92\"></span>e tested for impairment if ther<span class=\"_ _92\"></span>e are indications th<span class=\"_ _92\"></span>ereof. An impairm<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nt test is to be<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsb3b gs628\">conducted at least o<span class=\"_ _92\"></span>nce per year for goodwill, intangible assets with an<span class=\"_ _92\"></span> indefinite useful life and </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs629\">intangible assets th<span class=\"_ _92\"></span>at are not y<span class=\"_ _92\"></span>et available for<span class=\"_ _92\"></span> use (see section 4.4.1 Impairment testing of goo<span class=\"_ _92\"></span>dwill).<span class=\"_ _333\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 lsac ws253 gs62a\">Determination<span class=\"_ _92\"></span> of the discount ra<span class=\"_ _92\"></span>te </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws1bd gs62b\">The discount r<span class=\"_ _92\"></span>ate is an after-tax int<span class=\"_ _92\"></span>erest rate <span class=\"_ _92\"></span>that reflects cu<span class=\"_ _92\"></span>rrent mark<span class=\"_ _92\"></span>et estimates<span class=\"_ _92\"></span>, the time value of<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs62c\">money and the specific risks associa<span class=\"_ _92\"></span>ted with the asset (<span class=\"_ _92\"></span>or cash-generating unit<span class=\"_ _92\"></span>). The correspondin<span class=\"_ _92\"></span>g pre-<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs62d\">tax inter<span class=\"_ _92\"></span>est rate is determined iter<span class=\"_ _92\"></span>atively.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws24b gs62e\">The weighted a<span class=\"_ _92\"></span>verage c<span class=\"_ _92\"></span>apital costs (W<span class=\"_ _14\"></span>ACC) are applied to determi<span class=\"_ _92\"></span>ne recovera<span class=\"_ _92\"></span>ble amounts using net </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws107 gs62f\">presen<span class=\"_ _92\"></span>t value methods. T<span class=\"_ _92\"></span>he weighting of the r<span class=\"_ _92\"></span>eturn on equity and the cost of de<span class=\"_ _92\"></span>bt was derived from an </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws2e9 gs630\">adequate peer gr<span class=\"_ _92\"></span>oup. T<span class=\"_ _92\"></span>he return on<span class=\"_ _92\"></span> equity is dete<span class=\"ls76 ws47d\">rmined from a refer<span class=\"_ _92\"></span>ence rat<span class=\"_ _92\"></span>e, market risk<span class=\"_ _92\"></span> premium </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 wsfa gs631\">and beta factor using <span class=\"_ _92\"></span>the capital asset pricing model (CAPM). The co<span class=\"_ _92\"></span>st of debt before tax corr<span class=\"_ _92\"></span>esponds to </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 wsb3c gs632\">the ret<span class=\"_ _92\"></span>urn on debt instruments tr<span class=\"_ _92\"></span>aded on the market <span class=\"ls75 wsa9d\">with a<span class=\"_ _92\"></span>n equivalent risk of default and matc<span class=\"_ _92\"></span>hing<span class=\"_ _43\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws137 gs633\">maturities<span class=\"_ _92\"></span>. Correspondin<span class=\"_ _92\"></span>g premiums are take<span class=\"_ _92\"></span>n into account in or<span class=\"_ _92\"></span>der to adequately depict coun<span class=\"_ _92\"></span>tr<span class=\"_ _43\"></span>y risks. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws45d gs634\">In view of the v<span class=\"_ _92\"></span>olatile financial mar<span class=\"_ _92\"></span>ket environm<span class=\"_ _92\"></span>ent, the developmen<span class=\"_ _92\"></span>t of capital costs (and in particular </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 ws249 gs635\">country risk premiums) is un<span class=\"ls38 ws1a0\">der contin<span class=\"_ _92\"></span>uous<span class=\"_ _43\"></span> obser<span class=\"_ _43\"></span>vation<span class=\"_ _333\"> </span></span><span class=\"ls38 ws1a0\">.<span class=\"_ _333\"> </span></span><span class=\"ls38 ws1a0\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc0 sc0 ls112 ws377 gs636\">Determination of fair value </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws30c gs637\">F<span class=\"_ _92\"></span>air values ar<span class=\"_ _92\"></span>e to be determined primarily based on<span class=\"ls0 ws101\"> market prices and can, for example, be based on </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 wsb3d gs638\">existing binding pur<span class=\"_ _92\"></span>chase offers, secondary pricing on active m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>rkets or<span class=\"_ _92\"></span> comparable r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cent </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 ws659 gs639\">transactions within the<span class=\"_ _43\"></span> industry<span class=\"_ _43\"></span> according to the me<span class=\"ls99 ws54a\">asurement hierarch<span class=\"_ _92\"></span>y in IFR<span class=\"_ _43\"></span>S 13. If fair value cannot </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws1da gs63a\">be determined based on mar<span class=\"_ _92\"></span>ket prices, valuation t<span class=\"_ _92\"></span>echniques based on a net present valu<span class=\"_ _0\"></span>e appr<span class=\"_ _92\"></span>oach </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a wscd gs63b\">(d<span class=\"_ _92\"></span>iscounted cash flow method) ar<span class=\"_ _92\"></span>e used. Future in<span class=\"_ _92\"></span>vestments to enhanc<span class=\"_ _92\"></span>e or improve perform<span class=\"_ _92\"></span>ance and </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws72f gs63c\">restructuring ex<span class=\"_ _92\"></span>penditures ar<span class=\"_ _92\"></span>e taken into account when<span class=\"_ _92\"></span> determining fair value<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> Price listings for<span class=\"_ _92\"></span> energy </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws181 gs63d\">futures ar<span class=\"_ _92\"></span>e used in pricing as long as ther<span class=\"_ _0\"></span>e is a liquid mar<span class=\"_ _92\"></span>ket. Accordin<span class=\"_ _92\"></span>gly, the most recent price l<span class=\"_ _92\"></span>istings </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws39a gs63e\">are applied t<span class=\"_ _92\"></span>o the price forecast of a r<span class=\"_ _92\"></span>eputable informa<span class=\"_ _0\"></span>tion service provider in the en<span class=\"_ _92\"></span>ergy market b<span class=\"_ _92\"></span>y </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls98 wsc6 gs63f\">means of linear interpolat<span class=\"_ _43\"></span>ion.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6f6 gs640\">The excess fin<span class=\"_ _92\"></span>ancial return expected in the period aft<span class=\"_ _92\"></span>er the end of the applicability o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the price </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws652 gs641\">forec<span class=\"_ _92\"></span>asts in the energy marke<span class=\"_ _92\"></span>t (= terminal value phase) is tak<span class=\"_ _92\"></span>en into account by wa<span class=\"_ _92\"></span>y of terminal val<span class=\"_ _92\"></span>ue </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws305 gs642\">calculatio<span class=\"_ _92\"></span>n, whereby the c<span class=\"_ _92\"></span>alculation is based on an assump<span class=\"_ _92\"></span>tion that the excess fin<span class=\"_ _92\"></span>ancial return will </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls64 ws9a gs643\">grow<span class=\"_ _92\"></span> at a rate of 2 %.<span class=\"_ _333\"> </span></div>Determination of value in use As a rule, v<span class=\"_ _92\"></span>alue in use is determined using net pr<span class=\"_ _92\"></span>esent value method<span class=\"_ _92\"></span>s (discoun<span class=\"_ _92\"></span>ted cash flow method). Prices are d<span class=\"_ _92\"></span>etermined using price listings for<span class=\"_ _92\"></span> energy futures an<span class=\"_ _92\"></span>d the VERBUND Outloo<span class=\"_ _92\"></span>k model. VERBUND Out<span class=\"_ _92\"></span>look is an energy simula<span class=\"_ _92\"></span>tion tool for the developmen<span class=\"_ _92\"></span>t of medium- and long-term electricity and nat<span class=\"_ _92\"></span>ural gas price scenarios fo<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>energy mark<span class=\"_ _92\"></span>ets. Cash fl<span class=\"_ _92\"></span>ows are gener<span class=\"_ _92\"></span>ally derived from the recent medium-term plans appro<span class=\"_ _92\"></span>ved by management<span class=\"_ _92\"></span>.  The excess fin<span class=\"_ _92\"></span>ancial return expected in the period aft<span class=\"_ _92\"></span>er the end of the applicability o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the price forecasts from VERBUND Outlook (<span class=\"_ _43\"></span>= terminal value pha<span class=\"_ _43\"></span>se) is take<span class=\"_ _43\"></span>n into account by way of terminal value calc<span class=\"_ _92\"></span>ulation, whereb<span class=\"_ _92\"></span>y the calculation is based on<span class=\"_ _92\"></span> an assumption that the exc<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ss financial<span class=\"_ _92\"></span> return will grow<span class=\"_ _92\"></span> at a rate of 2 %. Recognition of impairment losses an<span class=\"_ _92\"></span><span class=\"ls85 ws575\">d reversals of impa<span class=\"_ _92\"></span>ir<span class=\"_ _43\"></span>ment losses </span>If the reaso<span class=\"_ _92\"></span>ns for impairment no longer apply in<span class=\"_ _92\"></span> a subsequent period, a reversal is t<span class=\"_ _92\"></span>o be recognised in profit or loss. Both impairment losses as we<span class=\"_ _43\"></span>ll as reve<span class=\"lsab ws42d\">rsals of impairment losses are recognised in profit </span>or loss<span class=\"_ _92\"></span>, presented in the in<span class=\"_ _92\"></span>come statement and segm<span class=\"_ _92\"></span>ent reporting as impairmen<span class=\"_ _92\"></span>t losses and/or reversals o<span class=\"_ _92\"></span>f impairment losses and explained in the no<span class=\"_ _92\"></span>tes. 4.4.1 Impairment testin<span class=\"_ _92\"></span>g of goodwill<span class=\"_ _333\"> </span> For the purpose of impairment test<span class=\"_ _43\"></span>ing, VERBUND\u2019<span class=\"_ _92\"></span><span class=\"ls77 wsb41\">s goodw<span class=\"_ _43\"></span>ill was allocated to the following cash<span class=\"_ _43\"></span>-<span class=\"_ _333\"> </span></span>genera<span class=\"_ _0\"></span>ting units or gr<span class=\"_ _92\"></span>oups of cash-genera<span class=\"_ _92\"></span>ting units<span class=\"_ _43\"></span>: Goodwill<span class=\"_ _92\"></span> <span class=\"_ _283\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Hydro segment<span class=\"_ _92\"></span> <span class=\"_ _284\"> </span><span class=\"fc4 ls0 ws0\">287.0 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">287.0 </span></span>Sales segment <span class=\"_ _24d\"> </span><span class=\"fc4 ls0 ws0\">13.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>3.0 </span></span>Inn River po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _26b\"> </span><span class=\"fc4 ls0 ws0\">126.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">126.6 </span></span>Grenzkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _4\"> </span><span class=\"fc4 ls0 ws0\">161.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">161.1 </span></span>Gas Connect Austria <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">39.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG <span class=\"_ _ed\"> </span><span class=\"fc4 ls0 ws0\">40.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">40.5 </span></span>Spanish renewa<span class=\"_ _92\"></span>bles portfolio<span class=\"_ _333\"> </span>1 <span class=\"_ _285\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">78.4 </span>Goodwill <span class=\"_ _286\"> </span><span class=\"fc4 ls18\">667.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">706.6</span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span>1 Details regardin<span class=\"_ _92\"></span>g the goodwill recognised for the first time i<span class=\"_ _92\"></span>n<span class=\"_ _43\"></span> the 2022 reporting perio<span class=\"_ _92\"></span>d can be found in the section entitled<span class=\"ls144 wsb43\"> Business acquisition<span class=\"_ _43\"></span>s<span class=\"_ _333\"> </span></span><span class=\"ls144 wsb43\">.<span class=\"_ _333\"> </span></span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Hy<span class=\"_ _92\"></span>dro segment <span class=\"_ _f6\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls21 ws22\">Average <span class=\"_ _92\"></span>expected generation of the </span>respective power plant<span class=\"_ _92\"></span>s Average expected generation of the respective power plants Price <span class=\"_ _209\"> </span><span class=\"fc4 ls1e ws63\">Internal price fore<span class=\"_ _92\"></span>casts and power  </span>plant-specific premiums or discounts  (for example, the <span class=\"_ _92\"></span>sale of guarantees of origin) Internal price forecasts and power  plant-specific premiums or discounts  (for example, the sale of guarantees of origin) Planning period<span class=\"_ _333\"> </span>1 <span class=\"_ _39\"> </span><span class=\"fc4 ls1c ws1d\">Detailed planning phase: up <span class=\"_ _92\"></span>to a maximum </span>of 6 years depending on the specific  power plant; rough plannin<span class=\"_ _92\"></span>g phase: up to  a maximum of 23 years depending on the specific power plant; <span class=\"ls149 wsb44\">subsequent termina<span class=\"_ _43\"></span>l </span>value phase following<span class=\"ls62 ws64\"> rough planni<span class=\"_ _92\"></span>ng  </span>phase depending on the s<span class=\"_ _92\"></span>pecific  power plant Detailed planning phase: up to a maximum of 6 years depending on the sp<span class=\"_ _92\"></span>ecific power plant; rough planning phase: up to a maximum of 32 years depending on the specific power plant; subsequent terminal value phase following rough planning phase depending on the specific  power plant Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4\">WACC: 4.00 % to 8.50 %  </span>depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>WACC: 5.75 % to 12.50 %  depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The planning peri<span class=\"_ _92\"></span>od was extended to 2060 due to the avai<span class=\"_ _92\"></span>lability of price curves.<span class=\"_ _92\"></span> // 2 The iterativel<span class=\"_ _43\"></span>y calcula<span class=\"_ _43\"></span>ted implicit pre-tax<span class=\"_ _43\"></span> interest r<span class=\"_ _43\"></span>ate was 6.43 %\u2013<span class=\"fsa ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls16c ws6d7\">13.79 % (previ<span class=\"_ _92\"></span>ous year: </span>4.82 %\u2013 <span class=\"fsc ls42 ws40\">9.37 %). //<span class=\"_ _92\"></span> </span>3 Management <span class=\"_ _43\"></span>believes th<span class=\"_ _43\"></span>e carrying a<span class=\"_ _43\"></span>mount of the<span class=\"_ _43\"></span> Hydro se<span class=\"_ _43\"></span>gment\u2019s assets<span class=\"_ _43\"></span> includin<span class=\"_ _43\"></span>g goodwill <span class=\"_ _43\"></span>will not exce<span class=\"_ _43\"></span>ed the r<span class=\"_ _43\"></span>ecoverable a<span class=\"_ _43\"></span>moun<span class=\"ls137 wsb46\">t as a r<span class=\"_ _43\"></span>esult of p<span class=\"_ _43\"></span>otential </span>changes in the key measurement assumptions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls14c ws55e gs6ae\">Impairment testing <span class=\"_ _92\"></span>of goodwill for the Sal<span class=\"_ _92\"></span>es segment <span class=\"_ _cf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs6af\">  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs6b0\">Group of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs6b1\">cash-generating units </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls34 ws32 gs6b2\">All of VERBUND\u2019s sales activities  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2f ws2c gs6b3\">plus goodwill </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs6b4\">All of VERBUND\u2019s sales activities  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2f ws28 gs6b5\">plus goodwill </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs6b6\">Basis for recov<span class=\"_ _92\"></span>erable </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws0 gs6b7\">amount </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls61 ws62 gs6b8\">Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs6b9\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls24 ws25d gs6ba\">net present value approach (DCF method<span class=\"_ _0\"></span>) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gs6bb\">Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs6bc\">net present value approach (DCF method) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs6bd\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs6be\">(based primarily on near-market data) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs6bf\">Budgets of VERBUND  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs6c0\">(based primarily on near-market data) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs6c1\">V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls33 ws30\">Expected tr<span class=\"_ _92\"></span>ading and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs6c2\">Price <span class=\"_ _209\"> </span><span class=\"fc4 ls33 ws30\">Expected tradin<span class=\"_ _92\"></span>g and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs6c3\">Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1e ws1f\">Detailed planning phase of 6 years  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws30 gs6c4\">followed by a terminal value <span class=\"_ _92\"></span>phase </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs6c5\">Detailed planning phase of 6 years  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs6c6\">followed by a terminal value phase </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs6c7\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs6c8\">assumptions </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws30 gs6c9\">Expected trading and dis<span class=\"_ _92\"></span>tribution volumes </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1c ws1d gs6ca\">as well as trading and sales m<span class=\"_ _92\"></span>argins </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs6cb\">Expected trading and distribution volumes </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws91c gs6cc\">as well as trading and sales m<span class=\"_ _92\"></span>argins </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs6cd\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls59 ws5a\">WACC after taxes (4.00 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls5b ws5c\">4.25 %)<span class=\"_ _333\"> </span></span></span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs6ce\">1</div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs6cf\"> <span class=\"_ _fd\"> </span><span class=\"ff2f fc0 ls33 ws91c\">WACC after taxes (5.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1aa wsb48\">6.25 %)<span class=\"_ _333\"> </span></span></span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs6d0\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs6d1\">Impairment loss  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2a gs6d2\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs6d3\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls31 ws0 gs6d4\">\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs6d5\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1cd wsa89 gs6d6\"> The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 8<span class=\"_ _43\"></span>.46 % (previou<span class=\"_ _43\"></span>s year: 5<span class=\"_ _43\"></span>.60 %). // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs6d7\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls233 wsb49 gs6d8\"> Management bel<span class=\"_ _43\"></span>ieves the carryin<span class=\"_ _43\"></span>g amount of<span class=\"_ _43\"></span> the Sales segmen<span class=\"_ _43\"></span>t\u2019s assets </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1b5 ws91d gs6d9\">including g<span class=\"_ _43\"></span>oodwill will n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recovera<span class=\"_ _43\"></span>ble amoun<span class=\"_ _43\"></span>t as a result<span class=\"_ _43\"></span> of potent<span class=\"_ _43\"></span>ial changes <span class=\"_ _43\"></span>in the key m<span class=\"_ _43\"></span>easuremen<span class=\"_ _43\"></span>t assumpti<span class=\"_ _43\"></span>ons<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13c ws4b3 gs6db\">Impairment testing <span class=\"_ _92\"></span>of goodwill for t<span class=\"_ _92\"></span>he Inn River pow<span class=\"_ _92\"></span>er plant group<span class=\"_ _92\"></span> <span class=\"_ _37\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _97\"> </span>  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs6dc\">  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs6dd\">Group of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs6de\">cash-generating units </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs6df\">Run-of-river power plants of the Inn River </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2e ws556 gs6e0\">power plant group<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs6e1\">1</div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d5 wsb45 gs6e2\"> that f<span class=\"_ _43\"></span>urther<span class=\"_ _43\"></span>more  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls30 ws2d gs6e3\">each represent a <span class=\"_ _0\"></span>cash-generating u<span class=\"_ _0\"></span>nit,  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws35 gs6e4\">plus goodwill and de<span class=\"ls61 ws62\">ferred tax accruals </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs6e5\">Run-of-river power plants of the Inn River </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 wsfa gs6e6\">power plant group<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs6e7\">1</div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs6e8\"> that furthermore  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs6e9\">each represent a cash-generating unit,  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs6ea\">plus goodwill and deferred tax accruals </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs6eb\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs6ec\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls61 ws62 gs6ed\">Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs6ee\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs6ef\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls60 ws61\">VERBUND Innkraftwerke GmbH budgets  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1f ws20 gs6f0\">(based mainly on near-marke<span class=\"_ _92\"></span>t data) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5b ws2e gs6f1\">VERBUND Innkraftwerke GmbH budgets  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs6f2\">(based mainly on near-market data) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs6f3\">V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls46 ws45\">Annual output correspondin<span class=\"_ _92\"></span>g to the  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs6f4\">mean energy capability of 1,855 or </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws35 gs6f5\">1,994 GWh (after conclusion of the T\u00f6ging </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1e ws1f gs6f6\">modernisation proj<span class=\"_ _92\"></span>ect) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs6f7\">Annual output corresponding to the  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs6f8\">mean energy capability of 1,994 GWh  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs6f9\">(after conclusion of the T\u00f6ging </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs6fa\">modernisation project) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs6fb\">Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws1b gs6fc\">generation characteris<span class=\"_ _92\"></span>tics and the </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs6fd\">hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws1b gs6fe\">premium for additio<span class=\"_ _92\"></span>nal proceeds from the </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1f3 wsabb gs6ff\">sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2a ws28 gs700\">quoted price); consideration of the  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5d ws5e gs701\">water charges based on<span class=\"lsca ws25c\"> official notices; </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls30 ws2d gs702\">estimate of the m<span class=\"_ _92\"></span>aintenance costs by the </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls34 ws387 gs703\">managers responsible </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs704\">Internal price forecasts; discounts for </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs705\">generation characteristics and the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs706\">hydrological forecast and availability risk; </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs707\">premium for additional proceeds from the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs708\">sale of guarantees of origin (derived from </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs709\">quoted price); consideration of the  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs70a\">water charges based on offi<span class=\"_ _92\"></span>cial notices; </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs70b\">estimate of the maintenance costs by the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs70c\">managers responsible </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs70d\">Planning period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs70e\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs70f\"> <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws61 gs710\">rough planning phase: 23 years  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws30 gs711\">followed by a terminal value <span class=\"_ _92\"></span>phase </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs712\">Detailed planning phase: 6 years;  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs713\">rough planning phase: 32 years  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs714\">followed by a terminal value phase </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs715\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs716\">assumptions </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2b ws29 gs717\">Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs718\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.00 %<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs719\">3</div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs71a\"> <span class=\"_ _288\"> </span><span class=\"ff2f fc0 ls46 ws2b\">WACC: 5.75 %<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs71b\">3<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs71c\">Impairment loss  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2a gs71d\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs71e\">4<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls31 ws0 gs71f\">\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs720\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4f ws51 gs721\"> The Inn River p<span class=\"_ _43\"></span>ower plant g<span class=\"_ _43\"></span>roup comprises<span class=\"_ _43\"></span> the followin<span class=\"_ _43\"></span>g run-of-river<span class=\"_ _43\"></span> power pla<span class=\"_ _43\"></span>nts: Aubach, Fe<span class=\"_ _43\"></span>ldkirchen, <span class=\"_ _43\"></span>Gars, Jettenbach<span class=\"_ _43\"></span> II, N<span class=\"ws9ee\">eu\u00f6ttin<span class=\"_ _43\"></span>g, Perach, Rosenh<span class=\"_ _43\"></span>eim, Stammh<span class=\"_ _43\"></span>am, </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls55 ws57 gs722\">Teufelsbruc<span class=\"_ _43\"></span>k, T\u00f6ging, W<span class=\"_ _43\"></span>asserbur<span class=\"_ _43\"></span>g. // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs723\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls184 ws814 gs724\"> The planning period wa<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>extended to 2060 due<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>o the availabili<span class=\"_ _92\"></span>ty <span class=\"_ _43\"></span>of price curves. //<span class=\"_ _92\"></span> </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs725\">3</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1fd wsb06 gs726\"> The iterat<span class=\"_ _43\"></span>ively calcu<span class=\"_ _43\"></span>lated implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest rate<span class=\"_ _43\"></span> </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls234 wsb4a gs727\">was 7.71 % (previ<span class=\"_ _92\"></span>ous year: 4.82 %). // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs728\">4</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls178 wsb07 gs729\"> Management believes the carrying amount of the Inn River power plant group\u2019s asse<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> including goodwill will not exceed the </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3d ws3b gs72a\">recoverable<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>mount as a result of po<span class=\"_ _92\"></span>tential <span class=\"ls1f5 wsaeb\">changes in the key <span class=\"_ _43\"></span>measurement assumptions<span class=\"_ _333\"> </span></span><span class=\"ls1f5 wsaeb\">.<span class=\"_ _333\"> </span></span><span class=\"ls1f5 wsaeb\"> </span></div>Impairment testing of good<span class=\"_ _92\"></span>will for the Grenzkraftw<span class=\"_ _92\"></span>erke po<span class=\"_ _92\"></span>wer plant group<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of th<span class=\"_ _92\"></span>e Grenzkraftwerke power plant gro<span class=\"_ _92\"></span>up<span class=\"_ _333\"> </span>2 that each represent a cash-g<span class=\"_ _92\"></span>enerating unit, plus goodwill and deferre<span class=\"ls1a ws256\">d tax accruals </span>Run-of-river power plants of the Grenzkraftwerke power plant group<span class=\"_ _333\"> </span>2 that each represent a cash-generating unit, plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws792\">Grenzkraftwerke Gm<span class=\"ls106 ws35e\">bH\u2019s budgets  </span></span>(based primarily on near-market data) Grenzkraftwerke GmbH\u2019s budgets  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls60 ws61\">Annual output correspondin<span class=\"_ _92\"></span>g to the mean </span>energy capability of 3,957 GWh Annual output corresponding to the mean energy capability of 3,957 or 4,007 GWh (after completing measures to increase efficiency at Ering-Frauenstein) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the water charges based on official notices; estimate of the maintenance co<span class=\"_ _92\"></span>sts by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the water charges based on off<span class=\"_ _92\"></span>ici<span class=\"ls46 ws2b\">al notices; estimate </span>of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>3 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls62 ws64\">Austria: WACC: 4.25 %<span class=\"_ _333\"> </span></span>4<span class=\"_ _333\"> </span>Germany: WACC: 4.00 % Austria: WACC: 6.25 %<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>Germany: WACC: 5.75 % Impairment loss  during the period<span class=\"_ _333\"> </span>5<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The following notes relate to the second step of the two-step <span class=\"ls4f ws51\">impairment test of the Gr<span class=\"_ _43\"></span>enzkraftwer<span class=\"_ _43\"></span>ke power plan<span class=\"_ _43\"></span>t group. The r<span class=\"_ _43\"></span>e<span class=\"ls4e ws50\">coverabil<span class=\"_ _43\"></span>ity of the in<span class=\"_ _43\"></span>dividual run<span class=\"_ _43\"></span>-of-river power<span class=\"_ _43\"></span> </span></span>plants was tested in the firs<span class=\"_ _43\"></span>t step. // 2 The Grenzkraftwerk<span class=\"_ _92\"></span>e <span class=\"_ _43\"></span>power plant gro<span class=\"_ _92\"></span>u<span class=\"_ _43\"></span>p comprises the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>following power pl<span class=\"_ _92\"></span>ants: Braunau-Simbach, Egglfing-Obe<span class=\"_ _92\"></span>rnberg, Ering-Frauens<span class=\"ls236 ws0\">tein, </span>Jochenstein, Nu\u00dfdorf, Oberaudorf-Ebbs, Passau-Ingling and<span class=\"_ _92\"></span> S<span class=\"_ _43\"></span>ch\u00e4rding-Neuhaus. // 3 The planning period wa<span class=\"_ _92\"></span>s extended to 2060 due to the availabili<span class=\"_ _92\"></span>ty of price curves. //  4 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 7<span class=\"_ _43\"></span>.98 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls238 wsb4f\">8.11 % (previous year: 5.<span class=\"_ _92\"></span>16 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls42 ws40\">5.24 %). // </span></span>5 According to management, the carrying amount of the Grenzkraftw<span class=\"_ _43\"></span>erke power <span class=\"_ _43\"></span>plant group\u2019s<span class=\"_ _43\"></span> assets (l<span class=\"_ _43\"></span>ess defer<span class=\"_ _43\"></span>red tax liabilit<span class=\"_ _43\"></span>ies) inc<span class=\"_ _43\"></span>luding goodw<span class=\"_ _43\"></span>ill does n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recoverable<span class=\"_ _43\"></span> a<span class=\"ls180 ws7db\">mount as a result of possible changes in key </span>measurement assumpt<span class=\"_ _43\"></span>ions<span class=\"_ _333\"> </span>I<span class=\"_ _333\"> </span>mpairment testing <span class=\"_ _92\"></span>of goodwill for Gas C<span class=\"_ _92\"></span>onnect Austria<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Group of  cash-generating units Gas Connect Austria GmbH (GCA),  Austrian Gas Grid Management AG (AGGM), Trans Au<span class=\"_ _92\"></span>stria Gasleitung GmbH (TAG), profit par<span class=\"_ _92\"></span>ticipation right with respect to material assets of TAG plus goodwill  less deferred tax accruals Gas Connect Austria GmbH (GCA), Austrian Gas Grid Management AG (AGGM), Trans Austria<span class=\"ls37 ws26\"> Gasleitung GmbH </span>(TAG), profit participation right with respect to material assets of TAG plus goodwill less deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal<span class=\"_ _92\"></span> </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls1ab ws813\">GCA budgets <span class=\"_ _92\"></span> </span>(based primarily on near mark<span class=\"_ _92\"></span>et data) GCA budgets  (based primarily on <span class=\"lsca\">near market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls9c ws190\">Cap<span class=\"_ _43\"></span>acity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariffs published by t<span class=\"_ _92\"></span>he regulator <span class=\"_ _276\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by the </span></span>regulator Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years; <span class=\"_ _92\"></span> </span>rough planning phase: 23 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 22 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac852.7m <span class=\"_ _11f\"> </span><span class=\"ff2f fc0 ls18\">\u20ac7<span class=\"_ _92\"></span>04.6m </span></span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">8.8m <span class=\"_ _1a5\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls9c\">39.3m </span></span></span>1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the tw<span class=\"_ _43\"></span>o-step im<span class=\"_ _43\"></span>pairment tes<span class=\"_ _43\"></span>t of the Gas<span class=\"_ _43\"></span> Connect A<span class=\"_ _43\"></span>ustria g<span class=\"_ _43\"></span>roup of cas<span class=\"_ _43\"></span>h-g<span class=\"ls239 wsb51\">enerating units. In<span class=\"_ _43\"></span> the first step,<span class=\"_ _43\"></span> the </span>recoverabilit<span class=\"_ _43\"></span>y of the<span class=\"_ _43\"></span> GCA unit<span class=\"_ _43\"></span>s including<span class=\"_ _43\"></span> AGGM and t<span class=\"_ _43\"></span>he investm<span class=\"_ _43\"></span>ent<span class=\"ls235 wsb4c\"> in Trans Austria Gasleitung GmbH (TAG) was tested. TAG\u2019s asse<span class=\"ls1b5 ws91d\">t participation<span class=\"_ _43\"></span> right was mea<span class=\"_ _43\"></span>sured at f<span class=\"_ _43\"></span>air </span></span>value in accordan<span class=\"_ _43\"></span>ce with IFRS 9. /<span class=\"_ _43\"></span>/ 2 An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognise<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>in the 2022 report<span class=\"_ _92\"></span><span class=\"ls3d ws3b\">ing period in the amount of \u20ac16.8m as at 30 June 2022.<span class=\"_ _92\"></span> As at </span>31 December 2022, the i<span class=\"_ _92\"></span>mpairment recognised during the year i<span class=\"_ _92\"></span>ncreased to \u20ac39.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls44 ws42 gs7cf\">Impairment testing of good<span class=\"_ _92\"></span>will for SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG  </div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs7d0\">  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws43 gs7d1\">Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls61 ws62\">SMATRICS GmbH &amp; Co KG,  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws84e gs7d2\">full-service provider for  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2b ws29 gs7d3\">electromobility charging solutions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls45 ws32 gs7d4\">SMATRICS GmbH &amp; Co KG,  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs7d5\">full-service provider for  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws20 gs7d6\">electromobility charging solutions </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs7d7\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs7d8\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls61 ws62 gs7d9\">Value in use <span class=\"_ _257\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs7da\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs7db\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls34 ws32\">SMATRICS GmbH &amp; Co KG budgets  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs7dc\">(based primarily on near-market data) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2f ws28 gs7dd\">SMATRICS GmbH &amp; Co KG  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs7de\">(based primarily on near-market data) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs7df\">V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls5d ws5e\">Electric vehicle ramp-up <span class=\"_ _289\"> </span></span><span class=\"ff2f ls2b ws1f\">Electric vehicle ramp-up </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs7e0\">Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls33 ws30\">Charging rates <span class=\"_ _5c\"> </span></span><span class=\"ff2f ls20 ws25\">Charging rates </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs7e1\">Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 9 years plu<span class=\"_ _92\"></span>s </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls25 ws43 gs7e2\">subsequent terminal value phase </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs7e3\">Detailed planning phase: 8 years plus </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs7e4\">subsequent terminal value phase </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs7e5\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs7e6\">assumptions </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs7e7\">Electric vehicle ramp-up, discount rate <span class=\"_ _4d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Electric vehicle ramp-up, discount rate </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs7e8\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 10.00 % <span class=\"_ _12a\"> </span></span><span class=\"ff2f ls33 ws91c\">WACC: 12.25 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs7e9\">Impairment loss  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2a gs7ea\">during the period </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls31 ws0 gs7eb\">\u2013 <span class=\"_ _13\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"_ _333\"> </span></span><span class=\"ff2f fc0 ls0\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws46 gs7ed\">Impairment test of the goodwill of the Spanish r<span class=\"_ _92\"></span>enewables portfolio<span class=\"_ _333\"> </span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gs7ee\">1</div><div class=\"t m0 h5d ff2b fs8 fc0 sc0 ls17 ws0 gs7ef\">  <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs7f0\">Group of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs7f1\">cash-generating units<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs7f2\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5b ws2e gs7f3\">Photovoltaic portfolios with a capac<span class=\"_ _43\"></span>ity of <span class=\"ls5d ws2d\">82.1 MWp in operation (Anselma Issuer, S.A. </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs7f4\">and Topacio Energy, S.L.U.), <span class=\"ls0 ws1b\">wind/photovoltaic portfolios wi<span class=\"ls24 ws95a\">th a capacity of 2,129 MW </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs7f5\">in development (Tejo Solar, S.L.U., Catalp<span class=\"ls9c ws61\">a Solar, S.L.U. and VERBU<span class=\"_ _43\"></span>ND Green Power </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs7f6\">Renewable Projects, S.L.U.) plus <span class=\"ls1a ws24\">goodwill less deferred tax items </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs7f7\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs7f8\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs7f9\">Value in use </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs7fa\">Indications of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs7fb\">impairment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gs7fc\">Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs7fd\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs7fe\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs7ff\">V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs800\">Price <span class=\"_ _16f\"> </span><span class=\"ff2f ls2b ws1f\">Tariffs for existing plants; internal price forecast for proj<span class=\"ls61 ws20\">ec<span class=\"_ _43\"></span>ts, premium for additional </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs801\">proceeds from the sale of guarantees of<span class=\"ls5b wsb52\"> origin (derived from quoted prices) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs802\">Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs803\">Rough planning phase: 14 to 17 years for ex<span class=\"ls62 ws90e\">isting projects and 29 years (PV) or </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls21 wsb53 gs804\">24 years (wind) for de<span class=\"_ _92\"></span><span class=\"ls2b wsb54\">velopment p<span class=\"_ _43\"></span>rojects </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs805\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs806\">assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs807\">Electricity price, discount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs808\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs809\">3<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs80a\">Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac766.1m<span class=\"_ _92\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs80b\">Impairment losses  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws2a gs80c\">during the period </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs80d\">\u20ac\u2013<span class=\"fsa ls0\"> </span>94.2m </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs80e\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls51 ws53 gs80f\"> The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the two-s<span class=\"_ _43\"></span>tep impa<span class=\"_ _43\"></span>irment test<span class=\"_ _43\"></span> of the Spa<span class=\"_ _43\"></span>nish rene<span class=\"_ _43\"></span>wables portf<span class=\"_ _43\"></span>olio group<span class=\"_ _43\"></span> <span class=\"ls12c wsb55\">of cash-generating<span class=\"_ _43\"></span> units. In the f<span class=\"_ _43\"></span>irst step, the </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 lsce ws261 gs810\">recoverability o<span class=\"_ _43\"></span>f developmen<span class=\"_ _43\"></span>t projects was test<span class=\"_ _43\"></span>ed in accord<span class=\"_ _43\"></span>ance with IAS 3<span class=\"_ _43\"></span>6.10(a) while<span class=\"_ _43\"></span> the recoverab<span class=\"_ _43\"></span>ility of exist<span class=\"_ _43\"></span>ing projects<span class=\"ls233 wsb49\"> was t<span class=\"_ _43\"></span>ested if there was an<span class=\"_ _43\"></span>y indication<span class=\"_ _43\"></span> that they </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1cd ws9dc gs811\">might be impaired. // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs812\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls12b wsb56 gs813\"> The Spanish renewab<span class=\"_ _43\"></span>les portfolio can be brok<span class=\"_ _43\"></span>en down into the follow<span class=\"_ _43\"></span>ing portfolios<span class=\"_ _43\"></span>: Anselma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, Topacio <span class=\"lsce ws261\">Ener<span class=\"_ _43\"></span>gy, S.L.U. with 1<span class=\"_ _43\"></span>9 </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 lsce ws261 gs814\">CGUs, Tejo S<span class=\"_ _43\"></span>olar, S.L.U. wi<span class=\"_ _43\"></span>th 18 CGUs, Catal<span class=\"_ _43\"></span>pa Solar, S.L.U<span class=\"_ _43\"></span>. with 5 CGUs an<span class=\"_ _43\"></span>d VERBUND Gr<span class=\"_ _43\"></span>een Power Rene<span class=\"_ _43\"></span>wable Projects<span class=\"_ _43\"></span>, S.L.U. wit<span class=\"ls206 wsb57\">h 3 CGUs. //<span class=\"_ _92\"></span> </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs815\">3</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls54 ws56 gs816\"> Since the return on the </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1cc ws9ee gs817\">Anselma Issuer, <span class=\"_ _43\"></span>S.A. and T<span class=\"_ _43\"></span>opacio Energy, S.<span class=\"_ _43\"></span>L.U. portfoli<span class=\"_ _43\"></span>os is secure<span class=\"_ _43\"></span>d by tariff for<span class=\"_ _43\"></span> the next 15<span class=\"_ _43\"></span> to 18 years, f<span class=\"_ _43\"></span>ollowed by a p<span class=\"_ _43\"></span>eri<span class=\"ls39 ws37\">od of merchant marke<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ing, two WACCs were used<span class=\"_ _92\"></span> </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1b5 ws91d gs818\">for the valu<span class=\"_ _43\"></span>ation. The <span class=\"_ _43\"></span>implicit <span class=\"_ _43\"></span>pre-tax inter<span class=\"_ _43\"></span>est rate det<span class=\"_ _43\"></span>ermined thr<span class=\"_ _43\"></span>ough a pro<span class=\"_ _43\"></span>cess of iter<span class=\"_ _43\"></span>ation am<span class=\"_ _43\"></span>ounted to 7.<span class=\"_ _43\"></span>24 %\u2013</div><div class=\"t m0 h12 ff2a fsa fc0 sc0 ls0 ws0 gs819\"> <span class=\"fsc ls42 ws40\">8.67 %<span class=\"_ _333\"> </span></span><span class=\"fsc ls42 ws40\">. </span></div>4.4.2 Impairment testin<span class=\"_ _92\"></span>g of pow<span class=\"_ _92\"></span>er plants Impairment test \u2013 Mellach combined<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>cycle gas turbine po<span class=\"_ _92\"></span>wer plant   <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls1f ws20\">Combined cycle gas turbine power plant <span class=\"_ _92\"></span> </span>(installed electrical capacity: 838 MW) Combined cycle gas turbine power plant  (installed electrical capacity: 838 MW) Indications of impairment Updated electricity and/or gas price forecasts and upd<span class=\"_ _92\"></span>ated discount rate Updated electricity and/or gas price forecasts and updated disc<span class=\"_ _43\"></span>ount rate Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 lsca ws25c\">VERBUND Thermal Power GmbH &amp; Co KG </span>budgets (based m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>inly on  near-market data) VERBUND Thermal Power GmbH &amp; Co KG budgets (based mainly on  near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls32 ws2e\">Optimisation mo<span class=\"_ _92\"></span>del with primary inputs: </span>installed capacity, <span class=\"ls74 ws68\">heat extractio<span class=\"_ _0\"></span>n </span>(maximum 400 MW) and efficiency at full capacity (58.8 %) Optimisation model with primary inputs: installed capacity, heat extraction (maximum 400 MW) and eff<span class=\"_ _92\"></span>iciency at full capacity (58.8 %<span class=\"_ _92\"></span>) Price<span class=\"_ _333\"> </span>1 <span class=\"_ _22c\"> </span><span class=\"fc4 ls34 ws387\">internal price forecasts; temporarily </span>expected revenue<span class=\"_ _92\"></span> from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent, redispatch and market use, including heat <span class=\"_ _92\"></span>extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of operat<span class=\"_ _92\"></span>ing, maintenance and downtime costs by<span class=\"_ _92\"></span> the responsible managers External price forecasts; temporarily expected revenue from the grid reserve, congestion management, redispatch and market use, including heat extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of<span class=\"_ _92\"></span> operating, maintenance and dow<span class=\"_ _92\"></span>ntime costs by the responsible managers Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1c ws1d\">Total capacity averaging around </span>100,000 equivalent operating hour<span class=\"_ _92\"></span>s or  until 2040 (dependent on earlier entry) Total capacity averaging around 100,000 equivalent op<span class=\"_ _92\"></span><span class=\"ls36 ws68\">erating hours or  </span>until 2040 (dependent on earlier entry) Ke<span class=\"_ _0\"></span>y measurement assumptions Discount rate, expected revenue fro<span class=\"_ _92\"></span>m the grid reserve, congestion manageme<span class=\"_ _92\"></span>nt and redispatch, devel<span class=\"_ _0\"></span>opment of clean spark spreads Discount rate, expected revenue from the grid reserve, congestion management and redispatch, development of clean spark spreads After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.25 % <span class=\"_ _1d3\"> </span></span><span class=\"ff2f ls60 ws813\">WACC: 6.25 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac109.9m <span class=\"_ _75\"> </span><span class=\"ff2f fc0 ls18\">\u20ac231.5m </span></span>Reversal of  impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>24.5m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac+<span class=\"fsa ls0\"> </span>126.0m </span>1 An average of the<span class=\"_ _43\"></span> price forecas<span class=\"_ _43\"></span>ts of the infor<span class=\"_ _43\"></span>mation service pr<span class=\"_ _43\"></span>oviders AFRY<span class=\"_ _43\"></span> and IHS was us<span class=\"_ _43\"></span>ed to determin<span class=\"_ _43\"></span>e the fair va<span class=\"_ _43\"></span>lue for r<span class=\"_ _43\"></span><span class=\"ls100 ws2fe\">eporting dates prior to 31 D<span class=\"_ _92\"></span>ecember 2022.  </span>Only the AFRY Cen<span class=\"_ _43\"></span>tral price scenar<span class=\"_ _43\"></span>io was used f<span class=\"_ _43\"></span>or the current rep<span class=\"_ _43\"></span>orting date due to<span class=\"_ _43\"></span> changes in the<span class=\"_ _43\"></span> energy market env<span class=\"_ _43\"></span>ironment. I<span class=\"ls4d ws4f\">f t<span class=\"_ _43\"></span>he prev<span class=\"_ _43\"></span>iously appli<span class=\"_ _43\"></span>e<span class=\"ls0 wsb59\">d average cost method </span></span>had been retained,<span class=\"_ _43\"></span> the recover<span class=\"_ _43\"></span>able amount <span class=\"_ _43\"></span>for the Mella<span class=\"_ _43\"></span>ch combined cyc<span class=\"_ _43\"></span>le gas tur<span class=\"_ _43\"></span>bine power plant<span class=\"_ _43\"></span> cash-generating u<span class=\"_ _43\"></span>nit as at 31 <span class=\"ls16c ws6d7\">December 2022 would have been \u20ac192.<span class=\"_ _92\"></span>6m.  </span>Thus, the reversal of<span class=\"_ _92\"></span> impairment losses would have been around \u20ac38.<span class=\"_ _92\"></span>9m lower. // 2 A reversa<span class=\"_ _43\"></span>l of impairm<span class=\"_ _43\"></span>ent losses<span class=\"_ _43\"></span> loss had a<span class=\"_ _43\"></span>lready bee<span class=\"_ _43\"></span>n recognis<span class=\"_ _43\"></span>ed in the r<span class=\"_ _43\"></span>eporting peri<span class=\"_ _43\"></span>od in the amount of \u20ac56.0m as at 30 June 2022.<span class=\"_ _92\"></span> The reversal of impairment losse<span class=\"_ _92\"></span>s recognised during the year increase<span class=\"_ _92\"></span>d to \u20ac126.0m as a<span class=\"ls42 ws40\">t 31 December 2022.<span class=\"_ _92\"></span> The increase in value in </span>the 2022 reporting p<span class=\"_ _92\"></span>eriod was reduced by the change in deferred<span class=\"_ _92\"></span> g<span class=\"_ _43\"></span>o<span class=\"ls231 wsb42\">vernment grants in the amo<span class=\"_ _92\"></span>unt <span class=\"_ _43\"></span>of \u20ac3.6m (previo<span class=\"_ _92\"></span>us <span class=\"_ _43\"></span>year: \u20ac0.7m<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\">)<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\"><span class=\"ls23a ws0\">.<span class=\"_ _333\"> </span></span></span>Impairment testing of the Gr<span class=\"_ _92\"></span>atkorn pow<span class=\"_ _92\"></span>er plant on the Mur River    <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"ff2f ls2b ws1f\">River power plant in the area of the Mur River (50 % owned by VERBUND Hydro </span>Power GmbH (VHP), 50 % owned<span class=\"_ _43\"></span> by Energie Steiermark Green Power GmbH)<span class=\"_ _43\"></span> Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls2b ws1f\">VHP budgets (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls2b ws1f\">The annual output corresponding to th<span class=\"ls59 ws22\">e mean energ<span class=\"_ _43\"></span>y capability of 56 GWh  </span></span>(for 100 % of the power plant) Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Internal price forecasts; discounts for genera<span class=\"ls32 ws5a8\">tion characteristics and the hydrological </span></span>forecast and availability risk; premium fo<span class=\"ls5d ws2d\">r additional proceeds from the sale of </span>guarantees of origin (derived from quoted pric<span class=\"ls1d ws35e\">es); e<span class=\"_ _43\"></span>stimate of the maintenance costs by </span>the managers responsible Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ls1a ws24\">Detailed planning phase: 6 years;  </span>rough planning phase: 32 years foll<span class=\"ls1d ws35e\">owed by a terminal value phase </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.25 %<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac12.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac<span class=\"ff2a\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls17\">10.4m </span>1 The implicit<span class=\"_ _43\"></span> pre-tax int<span class=\"_ _43\"></span>erest ra<span class=\"_ _43\"></span>te determine<span class=\"_ _43\"></span>d through a<span class=\"_ _43\"></span> process of <span class=\"_ _43\"></span>iteration a<span class=\"_ _43\"></span>mounted to 6<span class=\"_ _43\"></span>.43 %. // 2 An impairment loss ha<span class=\"_ _92\"></span>d already been recognised in<span class=\"_ _0\"></span> the reporting pe<span class=\"_ _92\"></span>riod in the amount of \u20ac12.9m a<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> at 30 June 2022. The impai<span class=\"_ _92\"></span>rment recognised during the year decrea<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>ed to \u20ac10.4m as at 31 Decem<span class=\"_ _92\"></span>ber 2022. <span class=\"ls52 ws54\">The impair<span class=\"_ _43\"></span>ment loss as<span class=\"_ _43\"></span> at 31<span class=\"_ _43\"></span> December </span>2022 was reduced<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>by the \u20ac0.7m change i<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>deferred governme<span class=\"_ _92\"></span>nt grants<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws29c gs8e1\">Impairment test Spa<span class=\"_ _0\"></span>nish ren<span class=\"_ _92\"></span>ewables portf<span class=\"_ _92\"></span>olio existing pr<span class=\"_ _92\"></span>ojects  </div><div class=\"t m0 h5d ff2b fs8 fc0 sc0 ls17 ws0 gs8e2\">  <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5e ff2c fs9 fc0 sc0 ls0 ws0 gs8e3\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs8e4\">Group of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs8e5\">cash-generating units<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs8e6\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs8e7\">PV portfolios with a capacity of 82.1 MWp in operation  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs8e8\">(Anselma Issuer, S.A. and Topacio Energy, S.L.U.) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs8e9\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs8ea\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs8eb\">Value in use </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs8ec\">Indications of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8ed\">impairment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gs8ee\">Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8ef\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs8f0\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs8f1\">V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs8f2\">Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Tariffs for the next 15\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws1f\">18 years, followed <span class=\"_ _43\"></span>by internal price forecast </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs8f3\">Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs8f4\">Rough planning phase: 14 to 15 years for th<span class=\"lsca ws30\">e Anselma Issuer, S.A. portfolio and  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs8f5\">14 to 17 years for the Topacio Energy, S.L.U. portfolio. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs8f6\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs8f7\">assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs8f8\">Electricity price, discount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs8f9\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs8fa\">3<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs8fb\">Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac393.0m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs8fc\">Impairment losses  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws2a gs8fd\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs8fe\">4<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs8ff\">\u20ac\u2013<span class=\"fsa ls0\"> </span>49.7m </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs900\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls16d ws6e0 gs901\"> Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs902\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls143 ws537 gs903\"> The existin<span class=\"_ _43\"></span>g projects can<span class=\"_ _43\"></span> be broken d<span class=\"_ _43\"></span>own into the f<span class=\"_ _43\"></span>ollowing port<span class=\"_ _43\"></span>folios: Ans<span class=\"_ _43\"></span>elma </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4e ws50 gs904\">Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, <span class=\"_ _43\"></span>Topacio Ener<span class=\"_ _43\"></span>gy, S.L.U. wit<span class=\"_ _43\"></span>h 19 CGUs. <span class=\"_ _43\"></span>// </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs905\">3</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1cc ws9ee gs906\"> Since the re<span class=\"_ _43\"></span>turn on the Ansel<span class=\"_ _43\"></span>ma Issuer, S.A.<span class=\"_ _43\"></span> and Topaci<span class=\"_ _43\"></span>o Energy, S.L.U<span class=\"_ _43\"></span>. portfol<span class=\"_ _43\"></span>ios is secur<span class=\"_ _43\"></span>ed by tariff for<span class=\"_ _43\"></span> </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls162 ws61c gs907\">the next 15 to 18 ye<span class=\"_ _92\"></span>ars, followed by a period of merc<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ant marketi<span class=\"_ _92\"></span>ng, two WACCs were used for the valuatio<span class=\"_ _92\"></span>n. The implicit pre-ta<span class=\"ls1d1 ws9ec\">x interest rate determined through a process <span class=\"_ _43\"></span>of </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls23d wsb5b gs908\">iteration amounted to 7.<span class=\"_ _92\"></span>24 %\u2013</div><div class=\"t m0 h12 ff2a fsa fc0 sc0 ls0 ws0 gs909\"> <span class=\"fsc ls42 ws40\">7.51 %. // </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs90a\">4</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls53 ws55 gs90b\"> The impairment as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31 December 2022 comp<span class=\"_ _92\"></span>rises the impairment of 9 CGUs in the Anselma Issuer,<span class=\"_ _92\"></span> <span class=\"ls39 wsb5c\">S.A. portfolio in the<span class=\"_ _92\"></span> amount o<span class=\"ls23e ws0\">f </span></span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3f ws3d gs90c\">\u20ac15.4m and 19 CG<span class=\"_ _92\"></span>Us <span class=\"_ _43\"></span>in the Topacio Ene<span class=\"_ _92\"></span>rgy, S.L.U. portfolio in the amount of<span class=\"_ _92\"></span> \u20ac34.2m.<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls146 ws674 gs90e\">Impairment test Spanis<span class=\"_ _92\"></span>h renewables p<span class=\"_ _92\"></span>ortfolio deve<span class=\"_ _92\"></span>lopment projects  </div><div class=\"t m0 h5d ff2b fs8 fc0 sc0 ls17 ws0 gs90f\">  <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5e ff2c fs9 fc0 sc0 ls0 ws0 gs910\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs911\">Group of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs912\">cash-generating units<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs913\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls30 ws5c6 gs914\">Wind/PV portfolios with a cap<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>city of 2,129 <span class=\"ls2d ws90d\">MW u<span class=\"_ _92\"></span>nder development (Tejo Solar, S.L.U,  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5b ws2e gs915\">Catalpa Solar, S.L.U. and VERBUN<span class=\"_ _43\"></span>D Green Power Renewable Projects<span class=\"_ _43\"></span>, S.L.U.) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs916\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs917\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs918\">Value in use </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs919\">Indications of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs91a\">impairment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gs91b\">Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs91c\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs91d\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs91e\">V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs91f\">Price <span class=\"_ _16f\"> </span><span class=\"ff2f lsca ws30\">Internal price forecast for pr<span class=\"ls0 ws1b\">ojects, premium for addi<span class=\"_ _43\"></span>tional proceeds from the sale of </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs920\">guarantees of origin (derived from quoted prices) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs921\">Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs922\">Rough planning phase: 29 year<span class=\"ls26 ws91b\">s (PV) or 24 years (wind) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs923\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs924\">assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs925\">Electricity price, discount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs926\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.50 %<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs927\">3<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs928\">Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac373.1m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs929\">Impairment losses  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws2a gs92a\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs92b\">4<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs92c\">\u20ac\u2013<span class=\"fsa ls0\"> </span>2.0m </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs92d\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls16d ws6e0 gs92e\"> Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs92f\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1cd wsa89 gs930\"> The devel<span class=\"_ _43\"></span>opment projects<span class=\"_ _43\"></span> can be br<span class=\"_ _43\"></span>oken down int<span class=\"_ _43\"></span>o the follow<span class=\"_ _43\"></span>ing portf<span class=\"_ _43\"></span>olios: Tejo </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls240 wsb5e gs931\">Solar, S.L.U. with 18 CGUs, Catalpa Solar, S.L.U. with 5 CGUs and VERBUND Green P<span class=\"_ _43\"></span>ower Renewable Projects, S.L.U. with 3 CGUs. /<span class=\"ls241 ws0\">/ </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs932\">3</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3b ws39 gs933\"> The implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest r<span class=\"_ _43\"></span>ate </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls235 wsb4c gs934\">determined through a process of iteration amounted to 8.57 %\u2013</div><div class=\"t m0 h12 ff2a fsa fc0 sc0 ls0 ws0 gs935\"> <span class=\"fsc ls234 wsb4a\">8.67 %. // </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs936\">4</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls40 wsb05 gs937\"> The impairment as at 31 Dec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mber 2022 relates to<span class=\"_ _92\"></span> 2 <span class=\"_ _43\"></span>CGUs in the Tejo Sol<span class=\"_ _92\"></span>ar, S.L.U. portfolio.<span class=\"_ _333\"> </span></div>5.3 Recov<span class=\"_ _92\"></span>erability of financial assets<span class=\"_ _92\"></span> V<span class=\"_ _14\"></span>aluation allowanc<span class=\"_ _92\"></span>es are recognised a<span class=\"_ _92\"></span>t ever<span class=\"_ _43\"></span>y reporting date<span class=\"_ _92\"></span> for expected credit losses for fin<span class=\"_ _92\"></span>ancial assets that wer<span class=\"_ _92\"></span>e classified as measured a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> amorti<span class=\"lsa5 wsb84\">sed cost (<span class=\"_ _43\"></span>AC) and/or debt<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span> that were </span>classified as measur<span class=\"_ _92\"></span>ed at fair value throu<span class=\"_ _92\"></span>gh othe<span class=\"ls99 ws7f7\">r comprehensive income (F<span class=\"_ _43\"></span><span class=\"ls87 wsa14\">VO<span class=\"_ _43\"></span>CI), receivables under </span></span>leases, con<span class=\"_ _92\"></span>tract assets and financial guaran<span class=\"_ _92\"></span>tee contracts.<span class=\"_ _333\"> </span>Impairment of assets <span class=\"_ _29\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _22c\"> </span><span class=\"ff2f ls24 ws95a\">Stage 1 <span class=\"_ _13a\"> </span>Stage 2 <span class=\"_ _136\"> </span><span class=\"ls9c ws61\">Stage 3 </span></span>Credit risk: <span class=\"_ _49\"> </span>Low credit risk \u2013  (credit risk has not increased significantly since its initial recognition) Elevated credit risk \u2013  (credit risk has increased significantly since its initial recognition) Significant financial difficulties on the part of the borrower or the issuer (breach of contract) Recognition of loss allow<span class=\"_ _92\"></span>ance: Impairment in the amount of the 12-month expected losses Impairment in the amount of expected lifetime losses Impairment in the amount of expected lifetime losses Calculation of interest income: Based on the effective interest rate on the gross carrying amount Based on the effective interest rate on the gross carrying amount Based on the effective interest rate on the net carrying amount \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws808\">The credit risk <span class=\"_ _92\"></span>is presumed to be low if the in<span class=\"_ _92\"></span>ternal rating c<span class=\"_ _92\"></span>orresponds to an extern<span class=\"_ _92\"></span>al investment </span></span>grade ra<span class=\"_ _92\"></span>ting (Standard &amp; P<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>or\u2019<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>: &gt; BBB\u2013; Moody\u2019<span class=\"_ _14\"></span>s: &gt; Baa3).  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws72e\">The credit risk i<span class=\"_ _92\"></span>s presumed to ha<span class=\"_ _92\"></span>ve increased significantly if t<span class=\"_ _92\"></span>he financial asset is more th<span class=\"_ _92\"></span>an 30 <span class=\"_ _14\"></span>days </span></span>past due. Recla<span class=\"_ _92\"></span>ssifications are carried out in<span class=\"_ _92\"></span> sta<span class=\"ls33 ws3a2\">ge 3 as soon as a financial a<span class=\"_ _92\"></span>sset has become credit-<span class=\"_ _333\"> </span></span>impaired, fin<span class=\"_ _92\"></span>ancial assets are mor<span class=\"_ _92\"></span>e than 90 <span class=\"_ _86\"></span>day<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> over<span class=\"_ _92\"></span>due or a breach of con<span class=\"_ _0\"></span>tract has been ascertained.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws366\">Proba<span class=\"_ _92\"></span>bilities of default and collection r<span class=\"_ _92\"></span>ates depending on the r<span class=\"_ _92\"></span>ating category serve to determine the </span></span>amount of im<span class=\"_ _92\"></span>pairment losses to be recognised. T<span class=\"_ _92\"></span>he valuation allo<span class=\"_ _92\"></span>wance is recognised in the amo<span class=\"_ _92\"></span>unt of the pres<span class=\"_ _92\"></span>ent value of the e<span class=\"_ _92\"></span>xpected credit losses.<span class=\"_ _92\"></span> For<span class=\"_ _92\"></span> trade receivables<span class=\"_ _92\"></span>, contract assets <span class=\"_ _92\"></span>and receivabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s under leases<span class=\"_ _92\"></span>, a simplified method is ap<span class=\"_ _92\"></span>plied to measur<span class=\"_ _92\"></span>e the valuation all<span class=\"_ _92\"></span>owance. F<span class=\"_ _92\"></span>or these receiva<span class=\"_ _92\"></span>b<span class=\"ls71 ws65d\">les and assets, a valuation allowance is alway<span class=\"_ _92\"></span>s </span>recognised in the amoun<span class=\"_ _92\"></span>t of the lifetime expected cr<span class=\"_ _92\"></span>edit loss using a loss all<span class=\"_ _92\"></span>owance table.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-30": {
   "value": "Impairment test \u2013 T<span class=\"_ _80\"></span>rans Austria Gasleitung <span class=\"_ _92\"></span>GmbH    <span class=\"_ _173\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _16\"> </span><span class=\"fc4 ls27 ws27\">Trans Austria Gasleitung GmbH,  </span>Austrian transmission system opera<span class=\"_ _92\"></span>tor Trans Austria Gasl<span class=\"ls19 ws33\">eitung GmbH,  </span>Austrian transmission system operator<span class=\"_ _92\"></span> T<span class=\"_ _14\"></span>riggering event for  (an increase in) impairment Significant changes in the  energy industry environment Significant changes in the  energy industry environment Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _a7\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _219\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls1c ws1d\">Trans Austria Gasleitung GmbH budgets </span>(based primarily on near-market data) Trans Austria Gaslei<span class=\"ls5b ws2e\">tung GmbH budgets </span>(based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _65\"> </span><span class=\"fc4 ls9c ws190\">Capacity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _214\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariff<span class=\"_ _92\"></span>s published by the regulator <span class=\"_ _177\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by<span class=\"_ _43\"></span> the </span></span>regulator Planning period <span class=\"_ _23\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years;  </span>rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 5 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _d8\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _1e\"> </span><span class=\"fc4 ls59 ws0\">\u20ac51.6m <span class=\"_ _1aa\"> </span><span class=\"ff2f fc0 ls18\">\u20ac21.9m </span></span>Impairment losses  during the period<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">18.3m <span class=\"_ _256\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span>46.2m </span></span>1 Impairment incl. tax gro<span class=\"_ _92\"></span>ss<span class=\"_ _43\"></span> up. An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognised in the 2022 re<span class=\"_ _92\"></span>porting period in the amount of \u20ac3<span class=\"ls1c9 wsa4d\">.3m as at 30 June 2022.<span class=\"_ _92\"></span> As at 31 December </span>2022, the impairm<span class=\"_ _92\"></span>ent<span class=\"_ _43\"></span> recognised during the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>year increased to \u20ac46.<span class=\"_ _92\"></span>2m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment<span class=\"_ _43\"></span> test \u2013 Ashta Beteil<span class=\"_ _43\"></span>igungsverwaltung GmbH    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls32 ws2e\">VERBUND and EVN AG joint venture that </span>holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates<span class=\"_ _92\"></span> a  two-stage Hydromatrix po<span class=\"_ _92\"></span>wer plant  (installed capacity: 53 MW) in Al<span class=\"_ _92\"></span>bania VERBUND and EVN AG joint venture that holds 100 % of the interest in Energji  Ashta Shpk, which in turn operates a  two-stage Hydromatrix power plant  (installed capacity: 53 MW) in Albania Indications of a (reduction in) impairment Updated electricity price forecasts and updated discount rate<span class=\"_ _92\"></span> Updated electricity <span class=\"lsca ws30\">price forecasts and </span>updated discount rate Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _22b\"> </span><span class=\"fc4 ls25 ws25\">Budgets o<span class=\"_ _92\"></span>f Energji Ashta Shpk <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls59 ws22\">Budgets of Energji Ashta Shpk </span></span>V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls1e ws1f\">The annu<span class=\"_ _92\"></span>al output corresponding to the </span>mean energy capability of 242 GWh The annual output corresponding to the mean energy capability of 242 GWh Price <span class=\"_ _209\"> </span><span class=\"fc4 ls0\">2022\u2013<span class=\"fsa\"> </span><span class=\"ls20 ws21\">2028: Electricity prices based on </span></span>purchase agreement with KESH 2029\u2013<span class=\"fsa\"> </span><span class=\"ls60 ws61\">2043: Internal price forecasts </span>2023\u2013<span class=\"fsa ls0\"> </span><span class=\"ls46 ws2b\">2028: Electricity prices base<span class=\"_ _92\"></span>d on </span>purchase agreement with KESH 2029\u2013<span class=\"fsa ls0\"> </span><span class=\"ls1f ws959\">2043: Inter<span class=\"_ _92\"></span>nal price forecasts </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls25 ws25\">Detailed planning phase: 1 year;  </span>rough planning phase: 21 years  (long-term reinvestment, repair and maintenance cycles for <span class=\"ls148 wsb19\">hydropower plants) </span>Detailed planning phase: 1 year;  rough planning phase: 20 years  (long-term reinvestment, repair and maintenance cycles for hydropower plants) Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price forecasts and discount rate <span class=\"_ _183\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price forecasts and discount </span>rate After-tax di<span class=\"_ _92\"></span>scount rate<span class=\"_ _333\"> </span>1 <span class=\"_ _258\"> </span><span class=\"fc4 ls1d ws1e\">WACC after taxes (2022\u2013</span><span class=\"fsa fc4\"> <span class=\"fs8 ls2b ws29\">2028): 7.75 % </span></span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws29\">2043): 8.50 % </span>WACC after taxes (2023\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>028): 10.75 % </span>WACC after taxes (2029\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">2<span class=\"_ _92\"></span>043): 12.50 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws5e\">\u20ac18.9m  <span class=\"_ _145\"> </span></span><span class=\"ff2f ls18 ws0\">\u20ac19.2m </span>Change in value  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>16.8m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls102\">0.3m </span></span>1 The iterati<span class=\"_ _92\"></span>vely calculated implicit<span class=\"_ _92\"></span> pre-tax interest rate was 13.79 % (previ<span class=\"_ _92\"></span>ous year: 9.37 %). // 2 An impairment loss had<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>lready been rec<span class=\"_ _0\"></span>ognised in the 2022 reporti<span class=\"_ _92\"></span>ng period in the amount of \u20ac0.9m as at 30 June<span class=\"_ _92\"></span> 2022. As at 31 December 2022, the impairment re<span class=\"_ _92\"></span>cognised during the year decreased to \u20ac0.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><span class=\"_ _92\"></span> 5.3 Recov<span class=\"_ _92\"></span>erability of financial assets<span class=\"_ _92\"></span> V<span class=\"_ _14\"></span>aluation allowanc<span class=\"_ _92\"></span>es are recognised a<span class=\"_ _92\"></span>t ever<span class=\"_ _43\"></span>y reporting date<span class=\"_ _92\"></span> for expected credit losses for fin<span class=\"_ _92\"></span>ancial assets that wer<span class=\"_ _92\"></span>e classified as measured a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> amorti<span class=\"lsa5 wsb84\">sed cost (<span class=\"_ _43\"></span>AC) and/or debt<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span> that were </span>classified as measur<span class=\"_ _92\"></span>ed at fair value throu<span class=\"_ _92\"></span>gh othe<span class=\"ls99 ws7f7\">r comprehensive income (F<span class=\"_ _43\"></span><span class=\"ls87 wsa14\">VO<span class=\"_ _43\"></span>CI), receivables under </span></span>leases, con<span class=\"_ _92\"></span>tract assets and financial guaran<span class=\"_ _92\"></span>tee contracts.<span class=\"_ _333\"> </span>The expected cr<span class=\"_ _92\"></span>edit losses are taken<span class=\"_ _92\"></span> into account in the fo<span class=\"_ _92\"></span>llowing stages (see section <span class=\"_ _89\"></span>11 Risk<span class=\"_ _92\"></span> mana<span class=\"_ _92\"></span>gement for quantitative disclo<span class=\"_ _92\"></span>sures):  Impairment of assets <span class=\"_ _29\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _22c\"> </span><span class=\"ff2f ls24 ws95a\">Stage 1 <span class=\"_ _13a\"> </span>Stage 2 <span class=\"_ _136\"> </span><span class=\"ls9c ws61\">Stage 3 </span></span>Credit risk: <span class=\"_ _49\"> </span>Low credit risk \u2013  (credit risk has not increased significantly since its initial recognition) Elevated credit risk \u2013  (credit risk has increased significantly since its initial recognition) Significant financial difficulties on the part of the borrower or the issuer (breach of contract) Recognition of loss allow<span class=\"_ _92\"></span>ance: Impairment in the amount of the 12-month expected losses Impairment in the amount of expected lifetime losses Impairment in the amount of expected lifetime losses Calculation of interest income: Based on the effective interest rate on the gross carrying amount Based on the effective interest rate on the gross carrying amount Based on the effective interest rate on the net carrying amount \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws808\">The credit risk <span class=\"_ _92\"></span>is presumed to be low if the in<span class=\"_ _92\"></span>ternal rating c<span class=\"_ _92\"></span>orresponds to an extern<span class=\"_ _92\"></span>al investment </span></span>grade ra<span class=\"_ _92\"></span>ting (Standard &amp; P<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span>or\u2019<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>: &gt; BBB\u2013; Moody\u2019<span class=\"_ _14\"></span>s: &gt; Baa3).  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws72e\">The credit risk i<span class=\"_ _92\"></span>s presumed to ha<span class=\"_ _92\"></span>ve increased significantly if t<span class=\"_ _92\"></span>he financial asset is more th<span class=\"_ _92\"></span>an 30 <span class=\"_ _14\"></span>days </span></span>past due. Recla<span class=\"_ _92\"></span>ssifications are carried out in<span class=\"_ _92\"></span> sta<span class=\"ls33 ws3a2\">ge 3 as soon as a financial a<span class=\"_ _92\"></span>sset has become credit-<span class=\"_ _333\"> </span></span>impaired, fin<span class=\"_ _92\"></span>ancial assets are mor<span class=\"_ _92\"></span>e than 90 <span class=\"_ _86\"></span>day<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> over<span class=\"_ _92\"></span>due or a breach of con<span class=\"_ _0\"></span>tract has been ascertained.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws366\">Proba<span class=\"_ _92\"></span>bilities of default and collection r<span class=\"_ _92\"></span>ates depending on the r<span class=\"_ _92\"></span>ating category serve to determine the </span></span>amount of im<span class=\"_ _92\"></span>pairment losses to be recognised. T<span class=\"_ _92\"></span>he valuation allo<span class=\"_ _92\"></span>wance is recognised in the amo<span class=\"_ _92\"></span>unt of the pres<span class=\"_ _92\"></span>ent value of the e<span class=\"_ _92\"></span>xpected credit losses.<span class=\"_ _92\"></span> For<span class=\"_ _92\"></span> trade receivables<span class=\"_ _92\"></span>, contract assets <span class=\"_ _92\"></span>and receivabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s under leases<span class=\"_ _92\"></span>, a simplified method is ap<span class=\"_ _92\"></span>plied to measur<span class=\"_ _92\"></span>e the valuation all<span class=\"_ _92\"></span>owance. F<span class=\"_ _92\"></span>or these receiva<span class=\"_ _92\"></span>b<span class=\"ls71 ws65d\">les and assets, a valuation allowance is alway<span class=\"_ _92\"></span>s </span>recognised in the amoun<span class=\"_ _92\"></span>t of the lifetime expected cr<span class=\"_ _92\"></span>edit loss using a loss all<span class=\"_ _92\"></span>owance table.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "<div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls77 ws79a gs477\">The corporate income tax rate applying to VERBUND <span class=\"_ _14\"></span><span class=\"ls69 ws8c\">AG is 25.0 <span class=\"_ _14\"></span>%. The follow<span class=\"_ _43\"></span>ing income tax rates are </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws45 gs478\">applied by consolida<span class=\"_ _92\"></span>ted subsidiaries (dependin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> on the coun<span class=\"_ _92\"></span>tr<span class=\"_ _43\"></span>y in which they are loc<span class=\"_ _92\"></span>ated):<span class=\"_ _333\"> </span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws45d gs47a\">Beginning with the 2005 reporti<span class=\"_ _92\"></span>ng period, VERBUND to<span class=\"ls7d ws272\">ok advantage of the option to form a group of </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws2bc gs47b\">companies for tax purposes as <span class=\"_ _92\"></span>granted by the legislat<span class=\"_ _92\"></span>ure; VERBUND <span class=\"_ _92\"></span>AG is the tax group par<span class=\"_ _92\"></span>ent. The tax<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws67b gs47c\">benefit resulting fr<span class=\"_ _92\"></span>om the amortisa<span class=\"ls70 wsf3\">tion of goodwill (Section <span class=\"_ _92\"></span>9(7) of the 1988 Corporate Income T<span class=\"_ _14\"></span>ax Act </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws70b gs47d\">(K\u00f6rper<span class=\"_ _92\"></span>schaftsteuergesetz, KS<span class=\"_ _92\"></span>tG)) within the corporat<span class=\"_ _92\"></span>e group is trea<span class=\"_ _92\"></span>ted as a temporary difference for </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws186 gs47e\">shares in<span class=\"_ _92\"></span> subsidiaries (outside basis differ<span class=\"_ _92\"></span>ence).<span class=\"_ _333\"> </span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-31": {
   "value": "The corporate income tax rate applying to VERBUND <span class=\"_ _14\"></span><span class=\"ls69 ws8c\">AG is 25.0 <span class=\"_ _14\"></span>%. The follow<span class=\"_ _43\"></span>ing income tax rates are </span>applied by consolida<span class=\"_ _92\"></span>ted subsidiaries (dependin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> on the coun<span class=\"_ _92\"></span>tr<span class=\"_ _43\"></span>y in which they are loc<span class=\"_ _92\"></span>ated):<span class=\"_ _333\"> </span> Income tax rates appli<span class=\"_ _92\"></span>cable to subsidiaries <span class=\"_ _13\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _54\"> </span><span class=\"ls134 wsb1b\">in % </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Aust<span class=\"_ _43\"></span>ri<span class=\"_ _43\"></span>a<span class=\"_ _333\"> </span>1 <span class=\"_ _25a\"> </span><span class=\"fc4\">25.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">25.0 </span>Germany \u2013 partnerships<span class=\"_ _333\"> </span>2 <span class=\"_ _1ba\"> </span><span class=\"fc4\">28.6 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">28.6 </span>Germany \u2013 limited companies<span class=\"_ _333\"> </span>2 <span class=\"_ _25b\"> </span><span class=\"fc4\">24.23\u2013<span class=\"fsa\"> </span>32.43 <span class=\"_ _1e2\"> </span></span><span class=\"ff2f ls18\">24.23\u2013<span class=\"fsa ls0\"> </span><span class=\"ls28\">32.40 </span></span>Spain <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">25.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">25.0 </span>Romania <span class=\"_ _25c\"> </span><span class=\"fc4 ls0\">16.0 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">16.0 </span>1 Due to the reductio<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>of the corporat<span class=\"_ _92\"></span>e income tax rate to 24 % from 2023 and 23 % from 2024,<span class=\"_ _92\"></span> a composite rate is used to calcul<span class=\"ls4b ws4d\">ate the deferred taxes. //<span class=\"_ _43\"></span> </span>2 The corporate income tax rate sh<span class=\"_ _43\"></span>own also in<span class=\"_ _43\"></span>cludes the sol<span class=\"_ _43\"></span>idarity surcharg<span class=\"_ _43\"></span>e an<span class=\"ls3a wsb1c\">d municipal trad<span class=\"_ _43\"></span>e tax. The trade tax de<span class=\"_ _43\"></span>pends on the loca<span class=\"_ _43\"></span>l multip<span class=\"ls1b5 ws91d\">lier, wh<span class=\"_ _43\"></span>ich varies fr<span class=\"_ _43\"></span>om one mu<span class=\"_ _43\"></span>nicipialit<span class=\"_ _43\"></span>y to </span></span>another. Beginning with the 2005 reporti<span class=\"_ _92\"></span>ng period, VERBUND to<span class=\"ls7d ws272\">ok advantage of the option to form a group of </span>companies for tax purposes as <span class=\"_ _92\"></span>granted by the legislat<span class=\"_ _92\"></span>ure; VERBUND <span class=\"_ _92\"></span>AG is the tax group par<span class=\"_ _92\"></span>ent. The tax<span class=\"_ _92\"></span> benefit resulting fr<span class=\"_ _92\"></span>om the amortisa<span class=\"ls70 wsf3\">tion of goodwill (Section <span class=\"_ _92\"></span>9(7) of the 1988 Corporate Income T<span class=\"_ _14\"></span>ax Act </span>(K\u00f6rper<span class=\"_ _92\"></span>schaftsteuergesetz, KS<span class=\"_ _92\"></span>tG)) within the corporat<span class=\"_ _92\"></span>e group is trea<span class=\"_ _92\"></span>ted as a temporary difference for shares in<span class=\"_ _92\"></span> subsidiaries (outside basis differ<span class=\"_ _92\"></span>ence).<span class=\"_ _333\"> </span>3.2.17  Ta<span class=\"_ _81\"> </span>x<span class=\"_ _109\"> </span>e<span class=\"_ _109\"> </span>s<span class=\"_ _81\"> </span> o<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span> i<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span>c<span class=\"_ _109\"> </span>o<span class=\"_ _81\"> </span>m<span class=\"_ _109\"> </span>e<span class=\"_ _333\"> </span>Ta<span class=\"_ _63\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span>s<span class=\"_ _81\"></span> o<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span> i<span class=\"_ _63\"></span>n<span class=\"_ _81\"> </span>c<span class=\"_ _81\"></span>o<span class=\"_ _81\"></span>m<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span> <span class=\"_ _1dc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Current tax expen<span class=\"_ _92\"></span>ses<span class=\"_ _333\"> </span>1 <span class=\"_ _ef\"> </span><span class=\"fc4\">250.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">582.0 </span>Future tax e<span class=\"_ _92\"></span>xpense for subsequent taxation<span class=\"_ _92\"></span> of transfers of  losses from foreign members of the<span class=\"_ _92\"></span> tax group <span class=\"_ _25d\"> </span><span class=\"fc4 ls0 ws0\">5.2 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Deferred income tax expens<span class=\"_ _92\"></span>es <span class=\"_ _f2\"> </span><span class=\"fc4 ls0 ws0\">24.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">1.3 </span></span>T<span class=\"_ _14\"></span>axes on income <span class=\"_ _25e\"> </span><span class=\"fc4 ls18 ws0\">279.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">583.4<span class=\"_ _92\"></span> </span></span>1 Current tax expenses include adjustments from prior perio<span class=\"_ _92\"></span>ds <span class=\"_ _43\"></span>of \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls4e ws50\">7.0m (previo<span class=\"_ _43\"></span>us year: income<span class=\"_ _43\"></span> \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ff2a ls42\">1.2m).<span class=\"_ _333\"> </span></span></span></span>The re<span class=\"_ _92\"></span>asons for the difference betwe<span class=\"_ _92\"></span>en VERBUND\u2019<span class=\"_ _14\"></span>s computed and r<span class=\"_ _92\"></span>ecognised tax expense are <span class=\"_ _89\"></span> as follows: <span class=\"_ _43\"></span> T<span class=\"_ _14\"></span>ax rec<span class=\"_ _92\"></span>onciliation <span class=\"_ _161\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Computed income tax expense <span class=\"_ _25f\"> </span><span class=\"fc4 ls0 ws0\">316.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls31\">633.0 </span></span>Change in Austrian corp<span class=\"ls62 ws64\">orate income tax rate  <span class=\"_ _131\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">56.6 </span></span></span></span>T<span class=\"_ _14\"></span>ax-exempt inv<span class=\"_ _92\"></span>estment income <span class=\"_ _260\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>5.0 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">2.<span class=\"_ _92\"></span>1 </span></span></span>Differ<span class=\"_ _43\"></span>ing ta<span class=\"_ _43\"></span>x rates <span class=\"_ _261\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.8 </span></span>Differences from partnerships <span class=\"_ _15d\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">6.<span class=\"_ _92\"></span>0 </span></span></span>Interests accounted fo<span class=\"_ _92\"></span>r using the equity method <span class=\"_ _118\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>8.7 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1.1 </span></span></span>Impairment testing of equi<span class=\"_ _92\"></span>ty-a<span class=\"ls34 ws32\">ccounted and other interests <span class=\"_ _6d\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>4.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span></span>T<span class=\"_ _14\"></span>ax-allowable impairmen<span class=\"_ _92\"></span>t losses on investments  <span class=\"_ _c3\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">36.7<span class=\"_ _43\"></span> </span></span></span>Amortisation of goodwill for tax purposes <span class=\"_ _262\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>2.9 <span class=\"_ _9c\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">2.<span class=\"_ _92\"></span>9 </span></span>Goodwill amortisation IFRS <span class=\"_ _229\"> </span><span class=\"fc4 ls0 ws0\">2.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.4 </span></span>Other line items <span class=\"_ _1dc\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>7.6 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.7 </span></span></span>Income tax expenses f<span class=\"_ _92\"></span>or the perio<span class=\"_ _43\"></span>d <span class=\"_ _263\"> </span><span class=\"fc4 ls18 ws0\">282.3 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">562.3 </span></span>Income tax income or expenses fro<span class=\"_ _0\"></span>m<span class=\"ls2a ws28\"> prior periods (current and deferred) <span class=\"_ _1b0\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">21.1 </span></span></span>Recognised incom<span class=\"ls1a ws24\">e tax expenses <span class=\"_ _1de\"> </span><span class=\"fc4 ls18 ws0\">279.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">583.4 </span></span></span>Effectiv<span class=\"_ _92\"></span>e tax rate <span class=\"_ _163\"> </span><span class=\"fc4 ls18 ws6d6\">22.1 %<span class=\"_ _92\"></span> <span class=\"_ _117\"> </span><span class=\"ff2c fc0\">23.0 %<span class=\"_ _333\"> </span></span></span>T<span class=\"_ _14\"></span>axes on income on other comprehe<span class=\"_ _92\"></span>nsive income <span class=\"_ _e5\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _30\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1e8\"> </span>2021 <span class=\"_ _37\"> </span>2021 <span class=\"_ _134\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _134\"> </span>2022 <span class=\"_ _1e8\"> </span>2022 </span></span>  <span class=\"_ _cb\"> </span><span class=\"ff2f fc4 ls0\">Before </span>taxes Ta<span class=\"_ _63\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _63\"></span>s<span class=\"_ _81\"></span> <span class=\"_ _147\"> </span><span class=\"ls61\">After </span>taxes Before taxes Ta<span class=\"_ _63\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _63\"></span>s<span class=\"_ _81\"></span> <span class=\"_ _e\"> </span><span class=\"ls61\">After </span>taxes Remeasurements of the net <span class=\"_ _92\"></span>defined benefit liability <span class=\"_ _257\"> </span><span class=\"fc4 ls0 ws0\">86.5 <span class=\"_ _b\"> </span>\u2013<span class=\"fsa\"> </span>22.0 <span class=\"_ _179\"> </span>64.4 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">172.0 <span class=\"_ _1e2\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>52.0 <span class=\"_ _a9\"> </span>120.1 </span></span>Measurements of financial instruments<span class=\"_ _92\"></span> <span class=\"_ _b8\"> </span><span class=\"fc4 ls0 ws0\">23.5 <span class=\"_ _e\"> </span>\u2013<span class=\"fsa\"> </span>5.9 <span class=\"_ _179\"> </span>17.6 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls31\">3.0 <span class=\"_ _39\"> </span><span class=\"ls18\">0.0 <span class=\"_ _b8\"> </span></span>3.0 </span></span>Other comprehensive income from interests accounted for usin<span class=\"_ _92\"></span>g the  equity method <span class=\"_ _1a9\"> </span><span class=\"fc4 ls0 ws0\">5.1 <span class=\"_ _4b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _49\"> </span></span>5.1 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls49\">13.7 <span class=\"_ _4b\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _5\"> </span></span>13.7 </span></span>T<span class=\"_ _14\"></span>otal of items that will not be reclassified subsequently to the income statement 115.0 <span class=\"_ _1e2\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>27.9 <span class=\"_ _e\"> </span>87.1 <span class=\"_ _a\"> </span><span class=\"ff2c fc0\">188.7 <span class=\"_ _a7\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>52.0 <span class=\"_ _22d\"> </span>136.7 </span>Differences from currency translation <span class=\"_ _26\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _4b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _e\"> </span></span>\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls31\">0.3 <span class=\"_ _4b\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _b8\"> </span></span>0.3 </span></span>Measurements of cash flo<span class=\"_ _92\"></span>w hedges <span class=\"_ _15e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,819.9 <span class=\"_ _94\"> </span>455.0 <span class=\"_ _d8\"> </span>\u2013<span class=\"fsa\"> </span>1,364.9 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">465.1 <span class=\"_ _218\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>136.6 <span class=\"_ _94\"> </span>328.5 </span></span>Other comprehensive income from interests accounted for usin<span class=\"_ _92\"></span>g the  equity method <span class=\"_ _be\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.9 <span class=\"_ _4b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1e5\"> </span></span>\u2013<span class=\"fsa\"> </span>11.9 <span class=\"_ _190\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.9 <span class=\"_ _4b\"> </span></span>\u2013 <span class=\"_ _191\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.9 </span></span></span>T<span class=\"_ _14\"></span>otal of items that will be reclassified subsequently to the income statement <span class=\"_ _219\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,835.3 <span class=\"_ _1e5\"> </span>455.0 <span class=\"_ _17a\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls31\">1,380.3 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0 ls18\">455.5 <span class=\"_ _187\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>136.6 <span class=\"_ _1e2\"> </span>318.9 </span></span></span>Other comprehensive income  <span class=\"_ _6a\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,720.3 <span class=\"_ _1e5\"> </span>427.1 <span class=\"_ _17a\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,293<span class=\"_ _92\"></span>.2 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">644.2 <span class=\"_ _187\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>188.6 <span class=\"_ _22d\"> </span>455.6<span class=\"_ _333\"> </span></span></span></span>3.3.2  Ta<span class=\"_ _81\"> </span>x<span class=\"_ _109\"> </span>e<span class=\"_ _109\"> </span>s<span class=\"_ _81\"> </span> o<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span> o<span class=\"_ _109\"> </span>t<span class=\"_ _109\"> </span>h<span class=\"_ _109\"> </span>e<span class=\"_ _81\"></span>r<span class=\"_ _109\"> </span> compreh<span class=\"_ _92\"></span>ensive income<span class=\"_ _333\"> </span>10.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"ls26b\">Ta<span class=\"_ _83\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _83\"></span>s<span class=\"_ _109\"></span> </span>Curr<span class=\"_ _92\"></span>ent tax liabilities in<span class=\"_ _92\"></span> the 2022 reporting period c<span class=\"_ _92\"></span>an be broken down as fol<span class=\"_ _92\"></span>lows<span class=\"_ _43\"></span>: Current<span class=\"_ _92\"></span> tax liabilities <span class=\"_ _23b\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>T<span class=\"_ _14\"></span>axes on income <span class=\"_ _261\"> </span><span class=\"fc4 ls0 ws0\">219.5 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">454.0 </span></span>Other taxes <span class=\"_ _28e\"> </span><span class=\"fc4 ls0 ws0\">2.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.9 </span></span>Current tax liabilities <span class=\"_ _153\"> </span><span class=\"fc4 ls18 ws0\">222.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">457.9<span class=\"_ _333\"> </span></span></span>Deferred tax<span class=\"_ _92\"></span>es were netted ag<span class=\"_ _92\"></span>ainst the same ta<span class=\"_ _92\"></span>x authority as follo<span class=\"_ _92\"></span>ws<span class=\"_ _43\"></span>: Net def<span class=\"_ _92\"></span>erred tax assets and l<span class=\"_ _92\"></span>iabilities  <span class=\"_ _2e0\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _df\"> </span><span class=\"fc4 ls18 ws6d5\">2021  <span class=\"_ _2e\"> </span><span class=\"ff2c fc0\">2022  </span></span>  <span class=\"_ _12f\"> </span><span class=\"ff2f fc4 ls24 ws95a\"> T<span class=\"_ _14\"></span>otal assets  <span class=\"_ _180\"> </span><span class=\"ls60 ws813\"> T<span class=\"_ _14\"></span>otal liabilities  <span class=\"_ _b\"> </span><span class=\"fc0 ls30 ws5c6\">T<span class=\"_ _14\"></span>otal assets <span class=\"_ _bc\"> </span><span class=\"ls5d ws2d\">T<span class=\"_ _14\"></span>otal equity and </span></span></span></span>liabilities Property<span class=\"_ _14\"></span>, plant and equi<span class=\"_ _92\"></span>pment <span class=\"_ _7a\"> </span><span class=\"fc4 ls0 ws0\">0.3 <span class=\"_ _3\"> </span>936.5 <span class=\"_ _60\"> </span><span class=\"fc0\">2.6 <span class=\"_ _aa\"> </span>1,011.6 </span></span>T<span class=\"_ _14\"></span>ax-deductible goodwill <span class=\"_ _1d3\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span>82.0 <span class=\"_ _16c\"> </span><span class=\"fc0\">0.0 <span class=\"_ _de\"> </span>95.6 </span></span>Financial instruments <span class=\"_ _1ac\"> </span><span class=\"fc4 ls0 ws0\">492.4 <span class=\"_ _60\"> </span>7.0 <span class=\"_ _3\"> </span><span class=\"fc0\">334.1 <span class=\"_ _de\"> </span>22.6 </span></span>Special depreciation<span class=\"ls60 ws61\"> for tax purposes <span class=\"_ _1d4\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span>87.9 <span class=\"_ _60\"> </span><span class=\"fc0\">0.0 <span class=\"_ _de\"> </span>80.1 </span></span></span>Provisions fo<span class=\"_ _92\"></span>r employee benefits relating to pensions and  termination benefits (Sozi<span class=\"_ _92\"></span>alkapital) 121.0 <span class=\"_ _60\"> </span>0.8 <span class=\"_ _9c\"> </span><span class=\"fc0\">67.6 <span class=\"_ _61\"> </span>0.0 </span>Regulatory <span class=\"ls0\">obligations <span class=\"_ _186\"> </span><span class=\"fc4\">0.0 <span class=\"_ _9c\"> </span>98.4 <span class=\"_ _16c\"> </span></span>0.0 <span class=\"_ _de\"> </span>81.8 </span>T<span class=\"_ _14\"></span>ax loss carryforwards <span class=\"_ _234\"> </span><span class=\"fc4 ls0 ws0\">136.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _3\"> </span><span class=\"fc0\">123.2 <span class=\"_ _61\"> </span>0.0 </span></span>Other line items <span class=\"_ _38\"> </span><span class=\"fc4 ls0 ws0\">46.1 <span class=\"_ _9c\"> </span>34.4 <span class=\"_ _9c\"> </span><span class=\"fc0\">78.5 <span class=\"_ _de\"> </span>79.0 </span></span>Deferred tax assets/liabilities <span class=\"_ _3b\"> </span><span class=\"fc4 ls18 ws0\">795.9 <span class=\"_ _66\"> </span>1,247.0 <span class=\"_ _157\"> </span><span class=\"fc0\">606.0 <span class=\"_ _132\"> </span>1,370.6 </span></span>Netting of deferred tax<span class=\"_ _92\"></span> assets and liabilities against the same  tax authority \u2013<span class=\"fsa\"> </span><span class=\"ls18\">760.1 <span class=\"_ _f3\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">760.1 <span class=\"_ _f3\"> </span></span><span class=\"fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">570.1 <span class=\"_ _5b\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">570.1 </span></span>Net deferred tax assets and liabilities <span class=\"_ _54\"> </span><span class=\"fc4 ls29 ws0\">35.8 <span class=\"_ _125\"> </span><span class=\"ls18\">486.9 <span class=\"_ _9d\"> </span></span><span class=\"fc0\">35.8 <span class=\"_ _16a\"> </span><span class=\"ls18\">800.5 </span></span></span>Outside basis differences<span class=\"_ _92\"></span> At 31 <span class=\"_ _14\"></span>December 2022 (and in the previous year), it <span class=\"ls7d ws284\">could be assumed under present tax rules tha<span class=\"_ _92\"></span>t the </span>differences between<span class=\"_ _92\"></span> the tax base of equity interests <span class=\"ls6b ws311\">and the pr<span class=\"_ _92\"></span>oportionate shar<span class=\"_ _92\"></span>e of equity (outside basis </span>differences) o<span class=\"_ _92\"></span>f the consolidated subsidiaries, br<span class=\"_ _92\"></span>an<span class=\"lsa2 wsb63\">ch offices, as<span class=\"_ _92\"></span>sociates and joint arrangemen<span class=\"_ _92\"></span>ts </span>included in VERBUND\u2019<span class=\"_ _92\"></span>s consolidated IFRS financia<span class=\"ls6b ws398\">l statements<span class=\"_ _92\"></span>, which result in particular fr<span class=\"_ _92\"></span>om </span>retained ear<span class=\"_ _92\"></span>nings and uncover<span class=\"_ _92\"></span>ed losses, will rem<span class=\"_ _92\"></span>ain tax-free for the fo<span class=\"_ _92\"></span>reseeable futur<span class=\"_ _92\"></span>e. Therefo<span class=\"_ _0\"></span>re<span class=\"_ _92\"></span>, no tax liability was recognised at 31 <span class=\"_ _88\"></span>D<span class=\"_ _43\"></span>ecember 2022 for <span class=\"lsab wsacf\">temporary differences in the amount of \u20ac3,418.0m<span class=\"_ _92\"></span> </span>(previous year: \u20ac3,061.1m) in connecti<span class=\"ls87 ws185\">on with these equity interests.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "Beginning with the 2005 reporti<span class=\"_ _92\"></span>ng period, VERBUND to<span class=\"ls7d ws272\">ok advantage of the option to form a group of </span>companies for tax purposes as <span class=\"_ _92\"></span>granted by the legislat<span class=\"_ _92\"></span>ure; VERBUND <span class=\"_ _92\"></span>AG is the tax group par<span class=\"_ _92\"></span>ent. The tax<span class=\"_ _92\"></span> benefit resulting fr<span class=\"_ _92\"></span>om the amortisa<span class=\"ls70 wsf3\">tion of goodwill (Section <span class=\"_ _92\"></span>9(7) of the 1988 Corporate Income T<span class=\"_ _14\"></span>ax Act </span>(K\u00f6rper<span class=\"_ _92\"></span>schaftsteuergesetz, KS<span class=\"_ _92\"></span>tG)) within the corporat<span class=\"_ _92\"></span>e group is trea<span class=\"_ _92\"></span>ted as a temporary difference for shares in<span class=\"_ _92\"></span> subsidiaries (outside basis differ<span class=\"_ _92\"></span>ence).<span class=\"_ _333\"> </span><div class=\"t m0 h19 ff2c fs6 fc0 sc0 lscf ws2f4 gs10ae\">Outside basis differences<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 ws283 gs10af\">At 31 <span class=\"_ _14\"></span>December 2022 (and in the previous year), it <span class=\"ls7d ws284\">could be assumed under present tax rules tha<span class=\"_ _92\"></span>t the </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws48c gs10b0\">differences between<span class=\"_ _92\"></span> the tax base of equity interests <span class=\"ls6b ws311\">and the pr<span class=\"_ _92\"></span>oportionate shar<span class=\"_ _92\"></span>e of equity (outside basis </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 wsbb2 gs10b1\">differences) o<span class=\"_ _92\"></span>f the consolidated subsidiaries, br<span class=\"_ _92\"></span>an<span class=\"lsa2 wsb63\">ch offices, as<span class=\"_ _92\"></span>sociates and joint arrangemen<span class=\"_ _92\"></span>ts </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9c wsbb3 gs10b2\">included in VERBUND\u2019<span class=\"_ _92\"></span>s consolidated IFRS financia<span class=\"ls6b ws398\">l statements<span class=\"_ _92\"></span>, which result in particular fr<span class=\"_ _92\"></span>om </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws1ef gs10b3\">retained ear<span class=\"_ _92\"></span>nings and uncover<span class=\"_ _92\"></span>ed losses, will rem<span class=\"_ _92\"></span>ain tax-free for the fo<span class=\"_ _92\"></span>reseeable futur<span class=\"_ _92\"></span>e. Therefo<span class=\"_ _0\"></span>re<span class=\"_ _92\"></span>, no tax </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 ws3a5 gs10b4\">liability was recognised at 31 <span class=\"_ _88\"></span>D<span class=\"_ _43\"></span>ecember 2022 for <span class=\"lsab wsacf\">temporary differences in the amount of \u20ac3,418.0m<span class=\"_ _92\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 wsde gs10b5\">(previous year: \u20ac3,061.1m) in connecti<span class=\"ls87 ws185\">on with these equity interests.</span><span class=\"ls87 ws185\"><span class=\"_ _92\"></span> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "Ta<span class=\"_ _63\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span>s<span class=\"_ _81\"></span> o<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span> i<span class=\"_ _63\"></span>n<span class=\"_ _81\"> </span>c<span class=\"_ _81\"></span>o<span class=\"_ _81\"></span>m<span class=\"_ _81\"></span>e<span class=\"_ _81\"></span> <span class=\"_ _1dc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Current tax expen<span class=\"_ _92\"></span>ses<span class=\"_ _333\"> </span>1 <span class=\"_ _ef\"> </span><span class=\"fc4\">250.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">582.0 </span>Future tax e<span class=\"_ _92\"></span>xpense for subsequent taxation<span class=\"_ _92\"></span> of transfers of  losses from foreign members of the<span class=\"_ _92\"></span> tax group <span class=\"_ _25d\"> </span><span class=\"fc4 ls0 ws0\">5.2 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Deferred income tax expens<span class=\"_ _92\"></span>es <span class=\"_ _f2\"> </span><span class=\"fc4 ls0 ws0\">24.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">1.3 </span></span>T<span class=\"_ _14\"></span>axes on income <span class=\"_ _25e\"> </span><span class=\"fc4 ls18 ws0\">279.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">583.4<span class=\"_ _92\"></span> </span></span>1 Current tax expenses include adjustments from prior perio<span class=\"_ _92\"></span>ds <span class=\"_ _43\"></span>of \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls4e ws50\">7.0m (previo<span class=\"_ _43\"></span>us year: income<span class=\"_ _43\"></span> \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ff2a ls42\">1.2m).<span class=\"_ _333\"> </span></span></span></span><span class=\"ls4e ws50\"><span class=\"ff2f ls0 ws0\"><span class=\"ff2a ls42\"> </span></span></span>Deferred tax<span class=\"_ _92\"></span>es were netted ag<span class=\"_ _92\"></span>ainst the same ta<span class=\"_ _92\"></span>x authority as follo<span class=\"_ _92\"></span>ws<span class=\"_ _43\"></span>: Net def<span class=\"_ _92\"></span>erred tax assets and l<span class=\"_ _92\"></span>iabilities  <span class=\"_ _2e0\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _df\"> </span><span class=\"fc4 ls18 ws6d5\">2021  <span class=\"_ _2e\"> </span><span class=\"ff2c fc0\">2022  </span></span>  <span class=\"_ _12f\"> </span><span class=\"ff2f fc4 ls24 ws95a\"> T<span class=\"_ _14\"></span>otal assets  <span class=\"_ _180\"> </span><span class=\"ls60 ws813\"> T<span class=\"_ _14\"></span>otal liabilities  <span class=\"_ _b\"> </span><span class=\"fc0 ls30 ws5c6\">T<span class=\"_ _14\"></span>otal assets <span class=\"_ _bc\"> </span><span class=\"ls5d ws2d\">T<span class=\"_ _14\"></span>otal equity and </span></span></span></span>liabilities Property<span class=\"_ _14\"></span>, plant and equi<span class=\"_ _92\"></span>pment <span class=\"_ _7a\"> </span><span class=\"fc4 ls0 ws0\">0.3 <span class=\"_ _3\"> </span>936.5 <span class=\"_ _60\"> </span><span class=\"fc0\">2.6 <span class=\"_ _aa\"> </span>1,011.6 </span></span>T<span class=\"_ _14\"></span>ax-deductible goodwill <span class=\"_ _1d3\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span>82.0 <span class=\"_ _16c\"> </span><span class=\"fc0\">0.0 <span class=\"_ _de\"> </span>95.6 </span></span>Financial instruments <span class=\"_ _1ac\"> </span><span class=\"fc4 ls0 ws0\">492.4 <span class=\"_ _60\"> </span>7.0 <span class=\"_ _3\"> </span><span class=\"fc0\">334.1 <span class=\"_ _de\"> </span>22.6 </span></span>Special depreciation<span class=\"ls60 ws61\"> for tax purposes <span class=\"_ _1d4\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span>87.9 <span class=\"_ _60\"> </span><span class=\"fc0\">0.0 <span class=\"_ _de\"> </span>80.1 </span></span></span>Provisions fo<span class=\"_ _92\"></span>r employee benefits relating to pensions and  termination benefits (Sozi<span class=\"_ _92\"></span>alkapital) 121.0 <span class=\"_ _60\"> </span>0.8 <span class=\"_ _9c\"> </span><span class=\"fc0\">67.6 <span class=\"_ _61\"> </span>0.0 </span>Regulatory <span class=\"ls0\">obligations <span class=\"_ _186\"> </span><span class=\"fc4\">0.0 <span class=\"_ _9c\"> </span>98.4 <span class=\"_ _16c\"> </span></span>0.0 <span class=\"_ _de\"> </span>81.8 </span>T<span class=\"_ _14\"></span>ax loss carryforwards <span class=\"_ _234\"> </span><span class=\"fc4 ls0 ws0\">136.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _3\"> </span><span class=\"fc0\">123.2 <span class=\"_ _61\"> </span>0.0 </span></span>Other line items <span class=\"_ _38\"> </span><span class=\"fc4 ls0 ws0\">46.1 <span class=\"_ _9c\"> </span>34.4 <span class=\"_ _9c\"> </span><span class=\"fc0\">78.5 <span class=\"_ _de\"> </span>79.0 </span></span>Deferred tax assets/liabilities <span class=\"_ _3b\"> </span><span class=\"fc4 ls18 ws0\">795.9 <span class=\"_ _66\"> </span>1,247.0 <span class=\"_ _157\"> </span><span class=\"fc0\">606.0 <span class=\"_ _132\"> </span>1,370.6 </span></span>Netting of deferred tax<span class=\"_ _92\"></span> assets and liabilities against the same  tax authority \u2013<span class=\"fsa\"> </span><span class=\"ls18\">760.1 <span class=\"_ _f3\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">760.1 <span class=\"_ _f3\"> </span></span><span class=\"fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">570.1 <span class=\"_ _5b\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">570.1 </span></span>Net deferred tax assets and liabilities <span class=\"_ _54\"> </span><span class=\"fc4 ls29 ws0\">35.8 <span class=\"_ _125\"> </span><span class=\"ls18\">486.9 <span class=\"_ _9d\"> </span></span><span class=\"fc0\">35.8 <span class=\"_ _16a\"> </span><span class=\"ls18\">800.5 </span></span></span>Outside basis differences<span class=\"_ _92\"></span> At 31 <span class=\"_ _14\"></span>December 2022 (and in the previous year), it <span class=\"ls7d ws284\">could be assumed under present tax rules tha<span class=\"_ _92\"></span>t the </span>differences between<span class=\"_ _92\"></span> the tax base of equity interests <span class=\"ls6b ws311\">and the pr<span class=\"_ _92\"></span>oportionate shar<span class=\"_ _92\"></span>e of equity (outside basis </span>differences) o<span class=\"_ _92\"></span>f the consolidated subsidiaries, br<span class=\"_ _92\"></span>an<span class=\"lsa2 wsb63\">ch offices, as<span class=\"_ _92\"></span>sociates and joint arrangemen<span class=\"_ _92\"></span>ts </span>included in VERBUND\u2019<span class=\"_ _92\"></span>s consolidated IFRS financia<span class=\"ls6b ws398\">l statements<span class=\"_ _92\"></span>, which result in particular fr<span class=\"_ _92\"></span>om </span>retained ear<span class=\"_ _92\"></span>nings and uncover<span class=\"_ _92\"></span>ed losses, will rem<span class=\"_ _92\"></span>ain tax-free for the fo<span class=\"_ _92\"></span>reseeable futur<span class=\"_ _92\"></span>e. Therefo<span class=\"_ _0\"></span>re<span class=\"_ _92\"></span>, no tax liability was recognised at 31 <span class=\"_ _88\"></span>D<span class=\"_ _43\"></span>ecember 2022 for <span class=\"lsab wsacf\">temporary differences in the amount of \u20ac3,418.0m<span class=\"_ _92\"></span> </span>(previous year: \u20ac3,061.1m) in connecti<span class=\"ls87 ws185\">on with these equity interests.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-32": {
   "value": "3.2.18  Earnings per share<span class=\"_ _333\"> </span>Determination of earnings per shar<span class=\"_ _92\"></span>e <span class=\"_ _98\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Profit for the perio<span class=\"_ _92\"></span>d <span class=\"_ _23b\"> </span><span class=\"fc4 ls0 ws0\">985.1 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">1,948.8 </span></span>Profit for the period attributab<span class=\"ls0 ws0\">le to non-controlling interests <span class=\"_ _1dd\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>111.5 <span class=\"_ _5b\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">231.8 </span></span></span>Group result  <span class=\"_ _264\"> </span><span class=\"fc4 ls49 ws0\">873.6 <span class=\"_ _2c\"> </span><span class=\"ff2c fc0 ls18\">1,71<span class=\"_ _92\"></span>7.0 </span></span>W<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ighted avera<span class=\"_ _92\"></span>ge number of shares in circulation <span class=\"_ _1af\"> </span><span class=\"fc4 ls0 ws0\">347,415,686 <span class=\"_ _5d\"> </span><span class=\"ff2f fc0 ls18\">347,415,686 </span></span>Earnings per share in \u20ac<span class=\"_ _333\"> </span>1 <span class=\"_ _1ba\"> </span><span class=\"fc4 ls18\">2.51 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">4.94 </span></span>1 There were no opt<span class=\"_ _43\"></span>ions on<span class=\"_ _43\"></span> the issue of ne<span class=\"_ _43\"></span>w shares or<span class=\"_ _43\"></span> other facts <span class=\"_ _43\"></span>or circumstan<span class=\"_ _43\"></span>ces that cou<span class=\"_ _43\"></span>ld have a dilu<span class=\"_ _43\"></span>ting effect; t<span class=\"_ _43\"></span>herefore,<span class=\"lsce wsb1f\"> bas<span class=\"_ _43\"></span>ic and diluted e<span class=\"_ _43\"></span>arnings per sh<span class=\"_ _43\"></span>are are the same.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "<div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws7e4 gs48c\">Reclassification adjustment<span class=\"lsb0 ws38d\">s to the income statement <span class=\"_ _104\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs48d\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs48e\">Measurement gai<span class=\"_ _92\"></span>ns or losses recognised in equity <span class=\"_ _265\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">0<span class=\"_ _43\"></span>.3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs48f\">Differences fr<span class=\"_ _92\"></span>om <span class=\"_ _43\"></span>currency translation <span class=\"_ _b9\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.5 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">0.3 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs490\">Measurement gai<span class=\"_ _92\"></span>ns or losses recognised in equity<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs491\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs492\"> <span class=\"_ _266\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>1,897.4 <span class=\"_ _68\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,135.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs493\">Reclassification adjustment <span class=\"ls2e ws2b\">to the i<span class=\"_ _92\"></span>ncome statement <span class=\"_ _152\"> </span><span class=\"fc4 ls0 ws0\">77.5 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">1,600.6 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1e wsb20 gs494\">Measurements of cash flo<span class=\"_ _92\"></span>w hedges <span class=\"_ _1ea\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,819.9 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">465.1 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs495\">Measurement gai<span class=\"_ _92\"></span>ns or losses recognised in equity <span class=\"_ _74\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.9 <span class=\"_ _9d\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.9 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs496\">Other comprehensive income from interests accounted f<span class=\"_ _92\"></span>or  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs497\">using the equity method <span class=\"_ _267\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">11.9 <span class=\"_ _56\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.9 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs498\">Other comprehensive income  <span class=\"_ _210\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,835.3 <span class=\"_ _3\"> </span><span class=\"fc0\">455.5 </span></span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs499\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls20a wsb21 gs49a\"> Of which \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls39 ws37\">3.3m (previous year:<span class=\"_ _92\"></span> \u20ac<span class=\"ff2f ls0 ws0\">\u2013<span class=\"_ _43\"></span><span class=\"fsa\"> </span></span><span class=\"ls20b wsb22\">4.9m) relates to costs from hedgi<span class=\"_ _0\"></span>ng with options (see section 5.2 Accounting treatment of hed<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>ing relationships). </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls129 wsa3c gs49b\">T<span class=\"_ _14\"></span>axes on income on other comprehe<span class=\"_ _92\"></span>nsive income <span class=\"_ _e5\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs49c\">  <span class=\"_ _30\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1e8\"> </span>2021 <span class=\"_ _37\"> </span>2021 <span class=\"_ _134\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _134\"> </span>2022 <span class=\"_ _1e8\"> </span>2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs49d\">  <span class=\"_ _cb\"> </span><span class=\"ff2f fc4 ls0\">Before </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls7b ws0 gs49e\">taxes </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls16b ws0 gs49f\">Ta<span class=\"_ _63\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _63\"></span>s<span class=\"_ _81\"></span> <span class=\"_ _147\"> </span><span class=\"ls61\">After </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls7b ws0 gs4a0\">taxes </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs4a1\">Before </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls7b ws0 gs4a2\">taxes </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs4a3\">Ta<span class=\"_ _63\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _63\"></span>s<span class=\"_ _81\"></span> <span class=\"_ _e\"> </span><span class=\"ls61\">After </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls7b ws0 gs4a4\">taxes </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs4a5\">Remeasurements of the net <span class=\"_ _92\"></span>defined </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs4a6\">benefit liability <span class=\"_ _257\"> </span><span class=\"fc4 ls0 ws0\">86.5 <span class=\"_ _b\"> </span>\u2013<span class=\"fsa\"> </span>22.0 <span class=\"_ _179\"> </span>64.4 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">172.0 <span class=\"_ _1e2\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>52.0 <span class=\"_ _a9\"> </span>120.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs4a7\">Measurements of financial instruments<span class=\"_ _92\"></span> <span class=\"_ _b8\"> </span><span class=\"fc4 ls0 ws0\">23.5 <span class=\"_ _e\"> </span>\u2013<span class=\"fsa\"> </span>5.9 <span class=\"_ _179\"> </span>17.6 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls31\">3.0 <span class=\"_ _39\"> </span><span class=\"ls18\">0.0 <span class=\"_ _b8\"> </span></span>3.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs4a8\">Other comprehensive income from </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs4a9\">interests accounted for usin<span class=\"_ _92\"></span>g the  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gs4aa\">equity method <span class=\"_ _1a9\"> </span><span class=\"fc4 ls0 ws0\">5.1 <span class=\"_ _4b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _49\"> </span></span>5.1 <span class=\"_ _191\"> </span><span class=\"ff2f fc0 ls49\">13.7 <span class=\"_ _4b\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _5\"> </span></span>13.7 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs4ab\">T<span class=\"_ _14\"></span>otal of items that will not be </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs4ac\">reclassified subsequently to the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs4ad\">income statement </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls18 ws0 gs4ae\">115.0 <span class=\"_ _1e2\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>27.9 <span class=\"_ _e\"> </span>87.1 <span class=\"_ _a\"> </span><span class=\"ff2c fc0\">188.7 <span class=\"_ _a7\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>52.0 <span class=\"_ _22d\"> </span>136.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs4af\">Differences from currency translation <span class=\"_ _26\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _4b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _e\"> </span></span>\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _1cd\"> </span><span class=\"ff2f fc0 ls31\">0.3 <span class=\"_ _4b\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _b8\"> </span></span>0.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs4b0\">Measurements of cash flo<span class=\"_ _92\"></span>w hedges <span class=\"_ _15e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,819.9 <span class=\"_ _94\"> </span>455.0 <span class=\"_ _d8\"> </span>\u2013<span class=\"fsa\"> </span>1,364.9 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">465.1 <span class=\"_ _218\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>136.6 <span class=\"_ _94\"> </span>328.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs4b1\">Other comprehensive income from </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs4b2\">interests accounted for usin<span class=\"_ _92\"></span>g the  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gs4b3\">equity method <span class=\"_ _be\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.9 <span class=\"_ _4b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1e5\"> </span></span>\u2013<span class=\"fsa\"> </span>11.9 <span class=\"_ _190\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.9 <span class=\"_ _4b\"> </span></span>\u2013 <span class=\"_ _191\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">9.9 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs4b4\">T<span class=\"_ _14\"></span>otal of items that will be reclassified </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs4b5\">subsequently to the income statement <span class=\"_ _219\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,835.3 <span class=\"_ _1e5\"> </span>455.0 <span class=\"_ _17a\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls31\">1,380.3 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0 ls18\">455.5 <span class=\"_ _187\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>136.6 <span class=\"_ _1e2\"> </span>318.9 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs4b6\">Other comprehensive income  <span class=\"_ _6a\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,720.3 <span class=\"_ _1e5\"> </span>427.1 <span class=\"_ _17a\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,293<span class=\"_ _92\"></span>.2 <span class=\"_ _21d\"> </span><span class=\"ff2c fc0\">644.2 <span class=\"_ _187\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>188.6 <span class=\"_ _22d\"> </span>455.6<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ls0 ws0\"><span class=\"ls18\"><span class=\"ff2c fc0\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-33": {
   "value": "3.4<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb23\">Notes to the cash flow statement</span><span class=\"ls1ba wsb23\">  </span>The indirect meth<span class=\"_ _92\"></span>od has been used to prepar<span class=\"_ _92\"></span>e VE<span class=\"lsa5 wsa40\">RBUND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s cash<span class=\"_ _43\"></span> flow statement. The compos<span class=\"_ _43\"></span>ition of </span>cash a<span class=\"_ _43\"></span>nd cash equ<span class=\"_ _43\"></span>ivalent<span class=\"_ _43\"></span>s can be<span class=\"_ _43\"></span> seen<span class=\"_ _43\"></span> in sect<span class=\"_ _43\"></span>ion 6 Working capita<span class=\"_ _43\"></span>l.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "3.4<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb23\">Notes to the cash flow statement</span><span class=\"ls1ba wsb23\">  </span>The indirect meth<span class=\"_ _92\"></span>od has been used to prepar<span class=\"_ _92\"></span>e VE<span class=\"lsa5 wsa40\">RBUND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s cash<span class=\"_ _43\"></span> flow statement. The compos<span class=\"_ _43\"></span>ition of </span>cash a<span class=\"_ _43\"></span>nd cash equ<span class=\"_ _43\"></span>ivalent<span class=\"_ _43\"></span>s can be<span class=\"_ _43\"></span> seen<span class=\"_ _43\"></span> in sect<span class=\"_ _43\"></span>ion 6 Working capita<span class=\"_ _43\"></span>l. Outstanding items w<span class=\"_ _43\"></span>ith respect to cur<span class=\"_ _43\"></span>rent liabilities arose in connecti<span class=\"_ _43\"></span>on with<span class=\"_ _43\"></span> additions to intang<span class=\"_ _43\"></span>ible assets and property, pl<span class=\"ls63 ws208\">ant and equipmen<span class=\"_ _92\"></span>t in the amount of<span class=\"ls78 ws184\"> \u20ac142.9m (previous year: \u20ac137.5m).</span></span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13f ws4dd gs4bb\">Additional inf<span class=\"_ _92\"></span>ormation on cas<span class=\"_ _92\"></span>h flow from<span class=\"_ _92\"></span> financing activiti<span class=\"_ _92\"></span>es </div><div class=\"t m0 h30 ff2a fs7 fc0 sc0 ls31 ws0 gs4bc\">\u20acm </div><div class=\"t m0 he ff38 fs8 fc0 sc0 ls31 ws0 gs4bd\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws43 gs4be\">Dividends paid to the shareholders of VERBUND AG <span class=\"_ _256\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>260.6 <span class=\"_ _69\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">364.8 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws921 gs4bf\">Dividends paid to non<span class=\"ls1d ws1e\">-controlling interests <span class=\"_ _104\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>58.8 <span class=\"_ _59\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">11<span class=\"_ _43\"></span>3.0</span></span></span></span><span class=\"ls1d ws1e\"><span class=\"fc4 ls0 ws0\"><span class=\"ff2f fc0\"><span class=\"ls49\"> </span></span></span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws8b gs4c1\">The following ta<span class=\"_ _92\"></span>ble shows the development of<span class=\"_ _92\"></span> liabilities from financin<span class=\"_ _92\"></span>g activities, including cash and </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws24b gs4c2\">non-cash chan<span class=\"_ _92\"></span>ges. Liabilities fr<span class=\"_ _92\"></span>om financing activities for which th<span class=\"_ _92\"></span>ere were or wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be cash flo<span class=\"_ _92\"></span>ws in the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws145 gs4c3\">cash flow s<span class=\"_ _92\"></span>tatement are clas<span class=\"_ _92\"></span>sified as cash flows from<span class=\"_ _92\"></span> financing activities. </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13c ws4b3 gs4c5\">Additional inf<span class=\"_ _92\"></span>ormation regard<span class=\"_ _92\"></span>ing liabilities from f<span class=\"_ _92\"></span>inancing activities  <span class=\"_ _10c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _1d1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs4c6\">  <span class=\"_ _269\"> </span><span class=\"ff2f fs0 ls20d wsb24\">Non-cash changes <span class=\"_ _be\"> </span></span><span class=\"ff2f ls31\">  </span></div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls20e ws0 gs4c7\">Balance </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls20f wsb25 gs4c8\">sheet as at  </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls210 ws95e gs4c9\">1 January </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls211 ws0 gs4ca\">2022 </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls212 wsb26 gs4cb\">Cash flow </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls213 ws0 gs4cc\">from </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls214 ws0 gs4cd\">financing </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 lsf4 ws0 gs4ce\">activities </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls215 ws0 gs4cf\">Acquisition </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls20e wsb27 gs4d0\">of a </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls0 ws0 gs4d1\">subsidiary </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls20f wsb25 gs4d2\">Fair value </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls20e ws0 gs4d3\">adjustments </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls216 wsb28 gs4d4\">Changes in </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls1a3 ws0 gs4d5\">exchange </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls217 ws0 gs4d6\">rates </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls218 ws0 gs4d7\">Other </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls219 ws0 gs4d8\">changes </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls20e ws0 gs4d9\">Balance </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls20f wsb25 gs4da\">sheet as at </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls211 wsb29 gs4db\">31 December </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls211 ws0 gs4dc\">2022 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs4dd\">Bonds <span class=\"_ _162\"> </span><span class=\"ls0\">990.6 <span class=\"_ _1b3\"> </span>\u2013<span class=\"fsa\"> </span>6.3 <span class=\"_ _11\"> </span>163.6 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _68\"> </span>3.1 <span class=\"_ _190\"> </span>1,151.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs4de\">Bank loans <span class=\"_ _a5\"> </span><span class=\"ls0 ws0\">2,159.0 <span class=\"_ _11\"> </span>129.8 <span class=\"_ _11\"> </span>284.1 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>38.8 <span class=\"_ _24\"> </span>19.7 <span class=\"_ _7\"> </span>14.6 <span class=\"_ _190\"> </span>2,568.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs4df\">Other financial </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws0 gs4e0\">liabilities </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs4e1\">147.0 <span class=\"_ _1c\"> </span>14.2 <span class=\"_ _1c\"> </span>13.3 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _68\"> </span>0.6 <span class=\"_ _1c\"> </span>175.1 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs4e2\">Put liability <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _24\"> </span>52.1 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _68\"> </span>0.0 <span class=\"_ _1c5\"> </span>52.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs4e3\">Capital shares </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ab ws813 gs4e4\">attributable to </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws31 gs4e5\">limited partners <span class=\"_ _4b\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _26\"> </span>0.0 <span class=\"_ _68\"> </span>7.3 <span class=\"_ _5b\"> </span>7.3 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws5a7 gs4e6\">T<span class=\"_ _14\"></span>otal liabilities </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs4e7\">from financing </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs4e8\">activities <span class=\"_ _157\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _5\"> </span>137.7<span class=\"_ _92\"></span> <span class=\"_ _21\"> </span>461.0<span class=\"_ _92\"></span> <span class=\"_ _1b3\"> </span><span class=\"ls31\">13.3 <span class=\"_ _1b3\"> </span></span>19.7 <span class=\"_ _8\"> </span>25.6 <span class=\"_ _185\"> </span><span class=\"ls38\">3,953.7</span></span><span class=\"ls18\"><span class=\"ls38\"> </span></span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs4ea\">3.4.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13b ws0 gs4eb\">Additional </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls1de wsb2a gs4ec\">information on cash </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls14c ws97d gs4ed\">flow fr<span class=\"_ _92\"></span>om financing </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls86 ws0 gs4ee\">activities </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs4f0\">3.4.2  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsfb ws2f9 gs4f1\">Change in liabilities </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls114 ws456 gs4f2\">from fina<span class=\"_ _92\"></span>ncing </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls86 ws0 gs4f3\">activities </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "Additional inf<span class=\"_ _92\"></span>ormation on cas<span class=\"_ _92\"></span>h flow from<span class=\"_ _92\"></span> financing activiti<span class=\"_ _92\"></span>es \u20acm   <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Dividends paid to the shareholders of VERBUND AG <span class=\"_ _256\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>260.6 <span class=\"_ _69\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">364.8 </span></span></span>Dividends paid to non<span class=\"ls1d ws1e\">-controlling interests <span class=\"_ _104\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>58.8 <span class=\"_ _59\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">11<span class=\"_ _43\"></span>3.0</span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gs4f5\">4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span><span class=\"lsef ws877\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs538\">4.1.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsd1 ws60 gs539\">Intangible assets<span class=\"_ _333\"> </span> </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws29c gs50e\">Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs50f\">Concessions, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs510\">rights, licences </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsc9 ws0 gs511\">Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs512\">2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs513\">Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">265.8 <span class=\"_ _3\"> </span>855.3 <span class=\"_ _59\"> </span>1,121.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs514\">Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">618.0 <span class=\"_ _3\"> </span>172.6 <span class=\"_ _2\"> </span>790.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs515\">Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">46.3 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>46.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs516\">Disposals <span class=\"_ _26a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>11.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _16a\"> </span>\u2013<span class=\"fsa\"> </span>11.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs517\">Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">3.7 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>3.7 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gs518\">Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">922.5 <span class=\"_ _66\"> </span>1,027.9 <span class=\"_ _a5\"> </span>1,950.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs519\">Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">144.5 <span class=\"_ _3\"> </span>187.9 <span class=\"_ _127\"> </span>332.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs51a\">Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">227.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _127\"> </span>227.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gs51b\">Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">16.8 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>16.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs51c\">Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">2.2 <span class=\"_ _3\"> </span>133.5 <span class=\"_ _2\"> </span>135.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs51d\">Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs51e\">Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>5.7 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>5.7 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1f ws959 gs51f\">Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">384.2 <span class=\"_ _125\"> </span>321.4 <span class=\"_ _3\"> </span>705.6 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs520\">Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">538.2 <span class=\"_ _125\"> </span>706.5 <span class=\"_ _a5\"> </span>1,244.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs521\">Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _22\"> </span><span class=\"ls0 ws0\">121.3 <span class=\"_ _3\"> </span>667.4 <span class=\"_ _127\"> </span>788.7 </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws29c gs522\">Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs523\">  <span class=\"_ _26c\"> </span><span class=\"ff2f ls60\">Concessions, </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs524\">rights, licences </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsc9 ws0 gs525\">Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs526\">2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs527\">Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">183.0 <span class=\"_ _3\"> </span>766.8 <span class=\"_ _127\"> </span>949.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs528\">Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs529\">Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _144\"> </span><span class=\"ls0 ws0\">63.4 <span class=\"_ _12b\"> </span>88.5 <span class=\"_ _127\"> </span>151.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs52a\">Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">25.5 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>25.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs52b\">Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>6.9 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs52c\">Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">0.9 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>0.9 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gs52d\">Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">265.8 <span class=\"_ _125\"> </span>855.3 <span class=\"_ _132\"> </span>1,121.1<span class=\"_ _92\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs52e\">Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">102.5 <span class=\"_ _3\"> </span>179.1 <span class=\"_ _127\"> </span>281.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs52f\">Change in the basis of consolidation <span class=\"_ _31\"> </span><span class=\"ls0 ws0\">37.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _de\"> </span>37.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gs530\">Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">12.4 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>12.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs531\">Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _24c\"> </span>8.8 <span class=\"_ _61\"> </span>8.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs532\">Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs533\">Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>1.2 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1f ws959 gs534\">Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">144.5 <span class=\"_ _125\"> </span>187.9 <span class=\"_ _3\"> </span><span class=\"ls31\">332.4 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs535\">Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">121.3 <span class=\"_ _125\"> </span>667.4 <span class=\"_ _3\"> </span>788.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs536\">Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">80.5 <span class=\"_ _3\"> </span>587.7 <span class=\"_ _127\"> </span>668.1<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span><span class=\"lsef ws877\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls7f ws23e gs558\">Property<span class=\"_ _14\"></span>, plant and equipment  <span class=\"_ _273\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 hb4 ff2b fs8 fc0 sc0 ls17 ws0 gs559\">  <span class=\"_ _1ae\"> </span><span class=\"ff2f fs0 ls21a wsb36\">Land and </span></div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21b ws0 gs55a\">buildings </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21c ws0 gs55b\">Machin- </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21d ws0 gs55c\">ery </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21b ws0 gs55d\">Electrical </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21e ws0 gs55e\">instal- </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21f ws0 gs55f\">lations </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls220 ws0 gs560\">Power </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls221 ws0 gs561\">lines </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls222 ws0 gs562\">Office </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls220 ws73 gs563\">and plant </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls223 ws0 gs564\">equip- </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls224 ws0 gs565\">ment </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls225 ws0 gs566\">Gas </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls226 ws0 gs567\">pipelines </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls227 ws0 gs568\">Plants </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls228 ws0 gs569\">under </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls229 ws0 gs56a\">construc-<span class=\"_ _333\"> </span></div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls22a wsb37 gs56b\">tion and </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls22b ws0 gs56c\">project<span class=\"_ _92\"></span>s </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls22c ws0 gs56d\">Total </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs56e\">2022 <span class=\"_ _1\"> </span><span class=\"ls31\">  <span class=\"_ _fd\"> </span>  <span class=\"_ _23\"> </span>  <span class=\"_ _1c5\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _23\"> </span>  <span class=\"_ _fd\"> </span>  <span class=\"_ _2b\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs56f\">Cost as at 1/1 <span class=\"_ _171\"> </span><span class=\"ls0 ws0\">7,992.8 <span class=\"_ _274\"> </span>4,893.6 <span class=\"_ _17a\"> </span>3,911.1 <span class=\"_ _216\"> </span>1,558.2 <span class=\"_ _1e\"> </span>251.7 <span class=\"_ _218\"> </span>760.8 <span class=\"_ _274\"> </span>1,367.9 <span class=\"_ _177\"> </span>20,735.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs570\">Additions from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs571\">business acquisitions <span class=\"_ _51\"> </span><span class=\"ls0 ws0\">77.3 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _1e\"> </span>618.8 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>5.9 <span class=\"_ _17\"> </span>702.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs572\">Additions <span class=\"_ _236\"> </span><span class=\"ls0\">140.3 <span class=\"_ _1e\"> </span>151.3 <span class=\"_ _1e2\"> </span>46.0 <span class=\"_ _37\"> </span>15.8 <span class=\"_ _1e2\"> </span>29.7 <span class=\"_ _22d\"> </span>10.7 <span class=\"_ _1e\"> </span>787.0 <span class=\"_ _d8\"> </span>1,180.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs573\">Disposals <span class=\"_ _7a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>8.0 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>48.4 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>48.6 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>7.3 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.7 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>125.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs574\">Reclassifications  <span class=\"_ _24c\"> </span><span class=\"ls0 ws0\">250.2 <span class=\"_ _1e\"> </span>162.5 <span class=\"_ _22d\"> </span>90.4 <span class=\"_ _a7\"> </span>105.0 <span class=\"_ _4d\"> </span>2.5 <span class=\"_ _147\"> </span>3.0 <span class=\"_ _217\"> </span>\u2013<span class=\"fsa\"> </span>613.0 <span class=\"_ _e\"> </span>0.6 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gs575\">Cost as at 31/12 <span class=\"_ _9a\"> </span><span class=\"ls18 ws0\">8,452.6 <span class=\"_ _175\"> </span>5,159.0 <span class=\"_ _175\"> </span>4,617.8 <span class=\"_ _21b\"> </span>1,672.4 <span class=\"_ _1e9\"> </span>276.6 <span class=\"_ _1e9\"> </span>767.9 <span class=\"_ _175\"> </span>1,547.8 <span class=\"_ _b0\"> </span>22,4<span class=\"_ _92\"></span>94.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws25b gs576\">Accumulated depreciation  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs577\">as at 1/1 <span class=\"_ _35\"> </span><span class=\"ls0 ws0\">3,370.0 <span class=\"_ _274\"> </span>2,855.6 <span class=\"_ _17a\"> </span>2,450.2 <span class=\"_ _a\"> </span>854.9 <span class=\"_ _218\"> </span>175.1 <span class=\"_ _1e\"> </span>351.9 <span class=\"_ _147\"> </span>6.2 <span class=\"_ _276\"> </span>10,063.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs578\">Additions from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs579\">business acquisitions <span class=\"_ _56\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _1e\"> </span>285.0 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _17\"> </span>285.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gs57a\">Depreciation <span class=\"_ _16f\"> </span><span class=\"ls0\">109.1 <span class=\"_ _1e\"> </span>113.6 <span class=\"_ _218\"> </span>129.7 <span class=\"_ _37\"> </span>32.3 <span class=\"_ _1e2\"> </span>19.5 <span class=\"_ _22d\"> </span>26.1 <span class=\"_ _147\"> </span>5.9 <span class=\"_ _17\"> </span>436.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs57b\">Impairment losses <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">25.3 <span class=\"_ _4d\"> </span>0.3 <span class=\"_ _1e2\"> </span>30.6 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _147\"> </span>1.4 <span class=\"_ _147\"> </span>5.0 <span class=\"_ _b\"> </span>62.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs57c\">Reversals of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs57d\">impairment losses <span class=\"_ _9d\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.2 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>85.9 <span class=\"_ _a8\"> </span>\u2013<span class=\"fsa\"> </span>20.4 <span class=\"_ _a9\"> </span>\u2013<span class=\"fsa\"> </span>4.7 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>129.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs57e\">Disposals <span class=\"_ _7a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>34.7 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>43.4 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>5.6 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.8 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>6.3 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _275\"> </span>\u2013<span class=\"fsa\"> </span>101.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs57f\">Reclassifications  <span class=\"_ _ba\"> </span><span class=\"ls0 ws0\">87.0 <span class=\"_ _147\"> </span>5.3 <span class=\"_ _1e9\"> </span>\u2013<span class=\"fsa\"> </span>87.0 <span class=\"_ _21\"> </span>0.0 <span class=\"_ _4d\"> </span>0.1 <span class=\"_ _147\"> </span>0.0 <span class=\"_ _21d\"> </span>\u2013<span class=\"fsa\"> </span>5.3 <span class=\"_ _e\"> </span>0.1 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs580\">Accumulated depreciation  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gs581\">as at 31/12 <span class=\"_ _20a\"> </span><span class=\"ls18 ws0\">3,568.7 <span class=\"_ _183\"> </span>2,854.2 <span class=\"_ _175\"> </span>2,744.8<span class=\"_ _92\"></span> <span class=\"_ _16d\"> </span>876.9 <span class=\"_ _1e9\"> </span>187.9 <span class=\"_ _1e9\"> </span><span class=\"ls31\">373.2 <span class=\"_ _17c\"> </span></span>11.9 <span class=\"_ _b0\"> </span>10,6<span class=\"_ _92\"></span>17.5 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs582\">Net carrying amount  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gs583\">as at 31/12 <span class=\"_ _20a\"> </span><span class=\"ls18 ws0\">4,883.9 <span class=\"_ _183\"> </span>2,304.8 <span class=\"_ _175\"> </span>1,873.1 <span class=\"_ _151\"> </span>795.5 <span class=\"_ _21d\"> </span>88.7 <span class=\"_ _1e9\"> </span>394.6 <span class=\"_ _175\"> </span>1,535.9 <span class=\"_ _b0\"> </span>11,876.5<span class=\"_ _92\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs584\">Net carrying amount  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs585\">as at 1/1 <span class=\"_ _35\"> </span><span class=\"ls0 ws0\">4,622.8 <span class=\"_ _274\"> </span>2,038.0 <span class=\"_ _17a\"> </span>1,461.0 <span class=\"_ _a\"> </span>703.3 <span class=\"_ _1e2\"> </span>76.5 <span class=\"_ _1e\"> </span>408.9 <span class=\"_ _17a\"> </span>1,361.6 <span class=\"_ _276\"> </span>10,672.1<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div>4.2.1  Property<span class=\"_ _14\"></span>, plant and equipment<div class=\"t m0 hd ff2b fs6 fc0 sc0 ls7f ws23e gs587\">Property<span class=\"_ _14\"></span>, plant and equipment  <span class=\"_ _1c7\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 hb4 ff2b fs8 fc0 sc0 ls17 ws0 gs588\">  <span class=\"_ _b2\"> </span><span class=\"ff2f fs0 ls21a wsb36\">Land and </span></div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21b ws0 gs589\">buildings </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21c ws0 gs58a\">Machin- </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21d ws0 gs58b\">ery </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21b ws0 gs58c\">Electrical </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21e ws0 gs58d\">instal- </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21f ws0 gs58e\">lations </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls220 ws0 gs58f\">Power </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls221 ws0 gs590\">lines </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls222 ws0 gs591\">Office </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls220 ws73 gs592\">and plant </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls22d ws0 gs593\">equip- </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls224 ws0 gs594\">ment </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls225 ws0 gs595\">Gas </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls226 ws0 gs596\">pipelines </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls227 ws0 gs597\">Plants </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls228 ws0 gs598\">under </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls224 ws0 gs599\">construc-<span class=\"_ _43\"></span> </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls21e wsb38 gs59a\">tion and </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls22e ws0 gs59b\">projects </div><div class=\"t m0 hb4 ff2f fs0 fc0 sc0 ls22c ws0 gs59c\">Total </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs59d\">2021 <span class=\"_ _1ec\"> </span><span class=\"ls31\">  <span class=\"_ _68\"> </span>  <span class=\"_ _10f\"> </span>  <span class=\"_ _2c\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _10f\"> </span>  <span class=\"_ _68\"> </span>  <span class=\"_ _119\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs59e\">Cost as at 1/1 <span class=\"_ _47\"> </span><span class=\"ls0 ws0\">7,788.3 <span class=\"_ _d8\"> </span>4,603.6 <span class=\"_ _180\"> </span>3,696.2 <span class=\"_ _170\"> </span>1,535.9 <span class=\"_ _1e6\"> </span>202.8 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e6\"> </span>856.5 <span class=\"_ _22b\"> </span>18,683.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs59f\">Foreign e<span class=\"_ _92\"></span>xchange </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws0 gs5a0\">differences <span class=\"_ _b4\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _1f\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _94\"> </span>\u2013<span class=\"fsa\"> </span>5.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs5a1\">Additions from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs5a2\">business acquisitions <span class=\"_ _10d\"> </span><span class=\"ls0 ws0\">149.1 <span class=\"_ _1e6\"> </span>182.6 <span class=\"_ _190\"> </span>7.8 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _1e6\"> </span>187.8 <span class=\"_ _1e6\"> </span>754.5 <span class=\"_ _5d\"> </span>39.3 <span class=\"_ _219\"> </span>1,321.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs5a3\">Additions <span class=\"_ _1d8\"> </span><span class=\"ls0\">21.6 <span class=\"_ _5d\"> </span>32.9 <span class=\"_ _5d\"> </span>65.9 <span class=\"_ _185\"> </span>19.4 <span class=\"_ _1e5\"> </span>21.2 <span class=\"_ _5d\"> </span>10.7 <span class=\"_ _c\"> </span>671.2 <span class=\"_ _16d\"> </span>842.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs5a4\">Disposals <span class=\"_ _277\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>33.4 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>51.6 <span class=\"_ _37\"> </span>\u2013<span class=\"fsa\"> </span>0.9 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>8.5 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.6 <span class=\"_ _170\"> </span>\u2013<span class=\"fsa\"> </span>105.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs5a5\">Reclassifications  <span class=\"_ _16e\"> </span><span class=\"ls0 ws0\">44.3 <span class=\"_ _1e6\"> </span>112.5 <span class=\"_ _1e6\"> </span>193.0 <span class=\"_ _8\"> </span>3.8 <span class=\"_ _21a\"> </span>\u2013<span class=\"fsa\"> </span>151.6 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>4.1 <span class=\"_ _21a\"> </span>\u2013<span class=\"fsa\"> </span>198.4 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gs5a6\">Cost as at 31/12 <span class=\"_ _50\"> </span><span class=\"ls18 ws0\">7,992.8 <span class=\"_ _bc\"> </span>4,893.6 <span class=\"_ _bc\"> </span>3,911.1 <span class=\"_ _219\"> </span>1,558.2 <span class=\"_ _218\"> </span>251.7 <span class=\"_ _218\"> </span>760.8 <span class=\"_ _bc\"> </span>1,367.9 <span class=\"_ _177\"> </span>20,735.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws25b gs5a7\">Accumulated depreciation  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs5a8\">as at 1/1 <span class=\"_ _24b\"> </span><span class=\"ls0 ws0\">3,280.5 <span class=\"_ _180\"> </span>2,675.6 <span class=\"_ _d8\"> </span>2,343.9 <span class=\"_ _21d\"> </span>825.8 <span class=\"_ _c\"> </span>149.4 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _e\"> </span>0.3 <span class=\"_ _21a\"> </span>9,275.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs5a9\">Foreign e<span class=\"_ _92\"></span>xchange </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws0 gs5aa\">differences <span class=\"_ _277\"> </span><span class=\"ls0\">0.0 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _134\"> </span>\u2013<span class=\"fsa\"> </span>2.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs5ab\">Change in the basis of </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws0 gs5ac\">consolidation <span class=\"_ _20a\"> </span><span class=\"ls0\">48.8 <span class=\"_ _1e6\"> </span>101.4 <span class=\"_ _190\"> </span>0.2 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _1e6\"> </span>130.3 <span class=\"_ _1e6\"> </span>341.9 <span class=\"_ _190\"> </span>1.9 <span class=\"_ _16d\"> </span>624.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gs5ad\">Depreciation <span class=\"_ _19f\"> </span><span class=\"ls0\">96.2 <span class=\"_ _1e5\"> </span>98.7 <span class=\"_ _1e6\"> </span>121.9 <span class=\"_ _185\"> </span>30.1 <span class=\"_ _5d\"> </span>13.6 <span class=\"_ _1e5\"> </span>14.8 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _16d\"> </span>375.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs5ae\">Impairment losses <span class=\"_ _24c\"> </span><span class=\"ls0 ws0\">0.3 <span class=\"_ _4d\"> </span>0.2 <span class=\"_ _190\"> </span>0.1 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _4d\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.5 <span class=\"_ _5\"> </span>1.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs5af\">Reversals of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs5b0\">impairment losses <span class=\"_ _125\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>46.4 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>53.1 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>9.3 <span class=\"_ _1e8\"> </span>\u2013<span class=\"fsa\"> </span>1.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _170\"> </span>\u2013<span class=\"fsa\"> </span>110.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs5b1\">Disposals <span class=\"_ _277\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>9.5 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>30.6 <span class=\"_ _218\"> </span>\u2013<span class=\"fsa\"> </span>51.0 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _17c\"> </span>\u2013<span class=\"fsa\"> </span>8.4 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _1e7\"> </span>\u2013<span class=\"fsa\"> </span>99.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs5b2\">Reclassifications  <span class=\"_ _1da\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _5d\"> </span>65.8 <span class=\"_ _1e5\"> </span>44.5 <span class=\"_ _8\"> </span>0.0 <span class=\"_ _21b\"> </span>\u2013<span class=\"fsa\"> </span>109.8 <span class=\"_ _1e2\"> </span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _190\"> </span>3.9 <span class=\"_ _5\"> </span>0.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs5b3\">Accumulated </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws26 gs5b4\">depreciation  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gs5b5\">as at 31/12 <span class=\"_ _fe\"> </span><span class=\"ls35 ws0\">3,370.0 <span class=\"_ _17a\"> </span><span class=\"ls18\">2,85<span class=\"_ _92\"></span>5.6 <span class=\"_ _17a\"> </span>2,45<span class=\"_ _92\"></span>0.2 <span class=\"_ _a7\"> </span>854.9 <span class=\"_ _218\"> </span>175.1 <span class=\"_ _218\"> </span>351.9 <span class=\"_ _147\"> </span>6.2 <span class=\"_ _177\"> </span>10,063.8 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gs5b6\">Net carrying amount  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gs5b7\">as at 31/12 <span class=\"_ _fe\"> </span><span class=\"ls18 ws0\">4,622.8<span class=\"_ _92\"></span> <span class=\"_ _17a\"> </span>2,038.<span class=\"_ _92\"></span>0 <span class=\"_ _17a\"> </span>1,461.<span class=\"_ _92\"></span>0 <span class=\"_ _a\"> </span><span class=\"ls31\">703.3 <span class=\"_ _1e2\"> </span></span>76.5 <span class=\"_ _218\"> </span>408.9 <span class=\"_ _278\"> </span>1,361.6 <span class=\"_ _177\"> </span>10,672.<span class=\"_ _92\"></span>1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs5b8\">Net carrying amount  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs5b9\">as at 1/1 <span class=\"_ _24b\"> </span><span class=\"ls0 ws0\">4,507.8 <span class=\"_ _180\"> </span>1,928.0 <span class=\"_ _d8\"> </span>1,352.3 <span class=\"_ _21d\"> </span>710.1 <span class=\"_ _1e5\"> </span>53.4 <span class=\"_ _190\"> </span>0.0 <span class=\"_ _c\"> </span>856.2 <span class=\"_ _21a\"> </span>9,407.6<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf8 ws0 gs5bb\">Additions <span class=\"_ _279\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs5bc\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs5bd\">380-kV Salzburg line <span class=\"_ _23d\"> </span><span class=\"fc4 ls0 ws0\">166.2 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">164.8 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs5be\">Kaprun\u2013Limberg III<span class=\"_ _92\"></span> power plant <span class=\"_ _27a\"> </span><span class=\"fc4 ls0 ws0\">41.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">152.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs5bf\">Wind pro<span class=\"_ _92\"></span>jects under construction <span class=\"_ _122\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">145.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs5c0\">Buseco wind turbines <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">84.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ab ws813 gs5c1\">Battery storag<span class=\"_ _92\"></span>e <span class=\"_ _27b\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">58.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs5c2\">T<span class=\"_ _14\"></span>\u00f6ging pow<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r plant <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">78.4 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">55.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs5c3\">Reschenpass line <span class=\"_ _273\"> </span><span class=\"fc4 ls0 ws0\">17.1 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs5c4\">General ov<span class=\"_ _92\"></span>erhaul of substations <span class=\"_ _27c\"> </span><span class=\"fc4 ls0 ws0\">14.3 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">36.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs5c5\">W<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>inviertel grid area <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">59.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">30.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs5c6\">Rei\u00dfeck pumping station <span class=\"_ _27d\"> </span><span class=\"fc4 ls0 ws0\">21.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">22.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs5c7\">Automation of hy<span class=\"_ _92\"></span>dropower plants<span class=\"_ _92\"></span> <span class=\"_ _1ee\"> </span><span class=\"fc4 ls0 ws0\">13.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">18.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs5c8\">Optimised new construc<span class=\"_ _92\"></span>tion of the primary supply system nodes <span class=\"_ _6e\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">16.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs5c9\">General line/switching <span class=\"ls62 ws64\">station reno<span class=\"_ _92\"></span>vations  <span class=\"_ _27e\"> </span><span class=\"fc4 ls0 ws0\">15.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">16.2 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs5ca\">Photovoltaic instal<span class=\"_ _92\"></span>lation Lusitania <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0 ls18\">16.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs5cb\">Construction of Gratkorn po<span class=\"_ _92\"></span>wer plant  <span class=\"_ _4\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">15.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs5cc\">V<span class=\"_ _92\"></span>arious structural measures at hydr<span class=\"_ _92\"></span>opower plants <span class=\"_ _118\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs5cd\">Gerlos power plan<span class=\"_ _92\"></span>t modernisation <span class=\"_ _27f\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs5ce\">Malta pow<span class=\"_ _92\"></span>er plant increase in efficiency <span class=\"_ _e6\"> </span><span class=\"fc4 ls0 ws0\">28.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"c w26 hba gs5cf\"><div class=\"t m0 x40 hf y1460 ff2a fs8 fc0 sc0 ls0 ws0\">Y<span class=\"_ _333\"> </span></div></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws34 gs5d0\">bbs pow<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r plant modernisation <span class=\"_ _27f\"> </span><span class=\"fc4 ls0 ws0\">13.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs5d1\">Efficiency increase of Kaprun pow<span class=\"_ _92\"></span>er plant <span class=\"_ _107\"> </span><span class=\"fc4 ls0 ws0\">11.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs5d2\">P<span class=\"_ _92\"></span>ower plant Ottensheim efficiency i<span class=\"_ _92\"></span>ncrease <span class=\"_ _18\"> </span><span class=\"fc4 ls0 ws0\">9.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs5d3\">Other additions (&lt; \u20ac10.0m)<span class=\"_ _92\"></span> <span class=\"_ _13f\"> </span><span class=\"fc4 ls0 ws0\">352.4 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">286.9 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws1d gs5d4\">T<span class=\"_ _14\"></span>otal additions to property<span class=\"_ _92\"></span>, plant a<span class=\"_ _43\"></span>nd equipment <span class=\"_ _a1\"> </span><span class=\"fc4 ls18 ws0\">842.8 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,180.9</span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-555": {
   "value": "4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span><span class=\"lsef ws877\"> </span>4.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 wsb2b\">Intangible assets<span class=\"_ _333\"> </span></span><span class=\"ls118 wsb2b\"> </span>Other inta<span class=\"_ _92\"></span>ngible assets In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _8a\"></span>38, purchased intan<span class=\"_ _92\"></span>gible assets are measur<span class=\"_ _92\"></span>ed at cost less straig<span class=\"_ _92\"></span>ht-line amortisation and an<span class=\"_ _0\"></span>y impairment los<span class=\"_ _92\"></span>ses if their useful life is not classified as indefinite. T<span class=\"_ _92\"></span>he useful lives are main<span class=\"_ _92\"></span>ly between 10 and 20 years. Softw<span class=\"_ _92\"></span>are is amortised over fo<span class=\"_ _92\"></span>ur years.<span class=\"_ _333\"> </span>Emission rights Emission rights are accounted <span class=\"_ _92\"></span>for in <span class=\"lsa2 wsa0d\">accordance with the accoun<span class=\"_ _92\"></span>ting policies set out in IAS <span class=\"_ _80\"></span>38, IAS <span class=\"_ _14\"></span>20 </span>and IAS <span class=\"_ _85\"></span>37. Emission<span class=\"_ _92\"></span> rights are recognised a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> fair value (all<span class=\"_ _92\"></span>owances allotted without exchan<span class=\"_ _92\"></span>ge of consideration) or at cost (<span class=\"_ _43\"></span>purchased allowances).<span class=\"ls33 ws6ff\"> For em<span class=\"_ _92\"></span>ission rights allotted without ex<span class=\"_ _92\"></span>change of </span>consideration<span class=\"_ _92\"></span>, an item of deferred income is recognised in<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he amount of their fair<span class=\"_ _92\"></span> value for the grant received tha<span class=\"_ _92\"></span>t is then reversed to pr<span class=\"_ _92\"></span>ofit or loss <span class=\"ls81 ws577\">under fuel expenses when th<span class=\"_ _92\"></span>e emission rights ar<span class=\"_ _92\"></span>e used, </span>amortised or sold. The obl<span class=\"_ _92\"></span>igation to r<span class=\"_ _92\"></span>eturn is taken into accoun<span class=\"_ _92\"></span>t by means of another<span class=\"_ _92\"></span> liability. If cover is insufficient, VERB<span class=\"_ _92\"></span>UND recognises an additional pro<span class=\"_ _92\"></span>vision in the amount of the fair value of the mis<span class=\"_ _92\"></span>sing emission rights<span class=\"_ _92\"></span>.  Emission rights<span class=\"_ _92\"></span> held for trading b<span class=\"_ _92\"></span>y VERBUND are me<span class=\"_ _92\"></span>asured through pr<span class=\"_ _92\"></span>ofit or loss under o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her revenu<span class=\"_ _0\"></span>e. Acco<span class=\"_ _92\"></span>rding to the br<span class=\"_ _92\"></span>okerage exemp<span class=\"_ _92\"></span>tion for raw ma<span class=\"_ _92\"></span>terials and commodity dealers, t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e measurement benchmark is fair value less costs to sell.<span class=\"_ _333\"> </span>Recove<span class=\"_ _92\"></span>rability of intangible assets<span class=\"lsb0 ws22e\"> and property<span class=\"_ _92\"></span>, plant and equipment </span>Under IAS <span class=\"_ _86\"></span>36, the carrying amoun<span class=\"_ _92\"></span>ts, in particular<span class=\"_ _14\"></span>, of in<span class=\"_ _92\"></span>tangible assets and pro<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>erty, plant an<span class=\"_ _92\"></span>d equipment ar<span class=\"_ _92\"></span>e tested for impairment if ther<span class=\"_ _92\"></span>e are indications th<span class=\"_ _92\"></span>ereof. An impairm<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nt test is to be<span class=\"_ _92\"></span> conducted at least o<span class=\"_ _92\"></span>nce per year for goodwill, intangible assets with an<span class=\"_ _92\"></span> indefinite useful life and intangible assets th<span class=\"_ _92\"></span>at are not y<span class=\"_ _92\"></span>et available for<span class=\"_ _92\"></span> use (see section 4.4.1 Impairment testing of goo<span class=\"_ _92\"></span>dwill).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span><span class=\"lsef ws877\"> </span>4.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 wsb2b\">Intangible assets<span class=\"_ _333\"> </span></span><span class=\"ls118 wsb2b\"> </span>Goodwill  Goodw<span class=\"_ _43\"></span>ill is not to be syste<span class=\"_ _43\"></span>matically amortised; instead,<span class=\"_ _43\"></span><span class=\"ls96 ws5bf\"> it is to be tested for impa<span class=\"_ _43\"></span>irment at least once per </span>year in accordance with IAS 36 (see <span class=\"ls1b wsb2d\">section 4.4.1 Impairment testing of<span class=\"ls9a ws562\"> goodwill). In addition, a quality-<span class=\"_ _333\"> </span></span></span>oriented analysis of whethe<span class=\"_ _43\"></span>r there is any indication of impairment is conducted on t<span class=\"_ _43\"></span>he reporting date for all consolidat<span class=\"_ _92\"></span>ed interim financial statem<span class=\"_ _92\"></span>ents.<span class=\"_ _333\"> </span>Other inta<span class=\"_ _92\"></span>ngible assets In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _8a\"></span>38, purchased intan<span class=\"_ _92\"></span>gible assets are measur<span class=\"_ _92\"></span>ed at cost less straig<span class=\"_ _92\"></span>ht-line amortisation and an<span class=\"_ _0\"></span>y impairment los<span class=\"_ _92\"></span>ses if their useful life is not classified as indefinite. T<span class=\"_ _92\"></span>he useful lives are main<span class=\"_ _92\"></span>ly between 10 and 20 years. Softw<span class=\"_ _92\"></span>are is amortised over fo<span class=\"_ _92\"></span>ur years.<span class=\"_ _333\"> </span>Emission rights Emission rights are accounted <span class=\"_ _92\"></span>for in <span class=\"lsa2 wsa0d\">accordance with the accoun<span class=\"_ _92\"></span>ting policies set out in IAS <span class=\"_ _80\"></span>38, IAS <span class=\"_ _14\"></span>20 </span>and IAS <span class=\"_ _85\"></span>37. Emission<span class=\"_ _92\"></span> rights are recognised a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> fair value (all<span class=\"_ _92\"></span>owances allotted without exchan<span class=\"_ _92\"></span>ge of consideration) or at cost (<span class=\"_ _43\"></span>purchased allowances).<span class=\"ls33 ws6ff\"> For em<span class=\"_ _92\"></span>ission rights allotted without ex<span class=\"_ _92\"></span>change of </span>consideration<span class=\"_ _92\"></span>, an item of deferred income is recognised in<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he amount of their fair<span class=\"_ _92\"></span> value for the grant received tha<span class=\"_ _92\"></span>t is then reversed to pr<span class=\"_ _92\"></span>ofit or loss <span class=\"ls81 ws577\">under fuel expenses when th<span class=\"_ _92\"></span>e emission rights ar<span class=\"_ _92\"></span>e used, </span>amortised or sold. The obl<span class=\"_ _92\"></span>igation to r<span class=\"_ _92\"></span>eturn is taken into accoun<span class=\"_ _92\"></span>t by means of another<span class=\"_ _92\"></span> liability. If cover is insufficient, VERB<span class=\"_ _92\"></span>UND recognises an additional pro<span class=\"_ _92\"></span>vision in the amount of the fair value of the mis<span class=\"_ _92\"></span>sing emission rights<span class=\"_ _92\"></span>.  Emission rights<span class=\"_ _92\"></span> held for trading b<span class=\"_ _92\"></span>y VERBUND are me<span class=\"_ _92\"></span>asured through pr<span class=\"_ _92\"></span>ofit or loss under o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her revenu<span class=\"_ _0\"></span>e. Acco<span class=\"_ _92\"></span>rding to the br<span class=\"_ _92\"></span>okerage exemp<span class=\"_ _92\"></span>tion for raw ma<span class=\"_ _92\"></span>terials and commodity dealers, t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e measurement benchmark is fair value less costs to sell.<span class=\"_ _333\"> </span>Recove<span class=\"_ _92\"></span>rability of intangible assets<span class=\"lsb0 ws22e\"> and property<span class=\"_ _92\"></span>, plant and equipment </span>Under IAS <span class=\"_ _86\"></span>36, the carrying amoun<span class=\"_ _92\"></span>ts, in particular<span class=\"_ _14\"></span>, of in<span class=\"_ _92\"></span>tangible assets and pro<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>erty, plant an<span class=\"_ _92\"></span>d equipment ar<span class=\"_ _92\"></span>e tested for impairment if ther<span class=\"_ _92\"></span>e are indications th<span class=\"_ _92\"></span>ereof. An impairm<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nt test is to be<span class=\"_ _92\"></span> conducted at least o<span class=\"_ _92\"></span>nce per year for goodwill, intangible assets with an<span class=\"_ _92\"></span> indefinite useful life and intangible assets th<span class=\"_ _92\"></span>at are not y<span class=\"_ _92\"></span>et available for<span class=\"_ _92\"></span> use (see section 4.4.1 Impairment testing of goo<span class=\"_ _92\"></span>dwill).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-575": {
   "value": "4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span><span class=\"lsef ws877\"> </span>Goodwill  Goodw<span class=\"_ _43\"></span>ill is not to be syste<span class=\"_ _43\"></span>matically amortised; instead,<span class=\"_ _43\"></span><span class=\"ls96 ws5bf\"> it is to be tested for impa<span class=\"_ _43\"></span>irment at least once per </span>year in accordance with IAS 36 (see <span class=\"ls1b wsb2d\">section 4.4.1 Impairment testing of<span class=\"ls9a ws562\"> goodwill). In addition, a quality-<span class=\"_ _333\"> </span></span></span>oriented analysis of whethe<span class=\"_ _43\"></span>r there is any indication of impairment is conducted on t<span class=\"_ _43\"></span>he reporting date for all consolidat<span class=\"_ _92\"></span>ed interim financial statem<span class=\"_ _92\"></span>ents.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-569": {
   "value": "4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span>4.7<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Investments, non-current receivables from derivativ<span class=\"_ _92\"></span>e  </span>financial instruments and no<span class=\"ls120 ws6d1\">n-current other receivables</span><span class=\"ls120 ws6d1\"> </span>Investments and loans are classified based on the provisions of IFRS <span class=\"_ _80\"></span>9.<span class=\"_ _43\"></span> Acquisitions and disposals of investmen<span class=\"_ _92\"></span>ts are recognised a<span class=\"_ _92\"></span>t the trade date<span class=\"_ _92\"></span>. The carrying amount of fin<span class=\"_ _92\"></span>ancial assets measured a<span class=\"_ _92\"></span>t amortised cost is determined based o<span class=\"_ _92\"></span>n the effective interest meth<span class=\"_ _92\"></span>od in consideration of any im<span class=\"_ _92\"></span>pairment losses<span class=\"_ _92\"></span>. The carr<span class=\"_ _43\"></span>ying amount<span class=\"_ _92\"></span> of financial assets measur<span class=\"_ _92\"></span>ed at fair value in the bal<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nce sheet is derive<span class=\"_ _92\"></span>d based on IFRS <span class=\"_ _80\"></span>13\u2019<span class=\"_ _92\"></span>s fair value hier<span class=\"_ _92\"></span>archy (see section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>5 Fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instruments). T<span class=\"_ _0\"></span>he notes r<span class=\"_ _92\"></span>egarding the closed items on the b<span class=\"_ _92\"></span>alance sheet can be found in<span class=\"_ _0\"></span> secti<span class=\"ls6f ws5d3\">on 8.1 F<span class=\"_ _92\"></span>inancial liabilities <span class=\"_ _92\"></span>as well as in section 11 </span>Risk mana<span class=\"_ _92\"></span>gement.<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13b ws4a7 gs996\">Investme<span class=\"_ _92\"></span>nts, non-current r<span class=\"_ _92\"></span>eceivables from deriv<span class=\"_ _92\"></span>ative financial </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsa6 ws5f3 gs997\">instrument<span class=\"_ _43\"></span>s and non-current other receivables <span class=\"_ _74\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs998\">  <span class=\"_ _21f\"> </span><span class=\"ff2f fc4 ls18\">2021<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gs999\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gs99a\"> <span class=\"_ _2\"> </span><span class=\"ff2c fc0 ls18\">2022 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs99b\">Investments \u2013 closed items on <span class=\"_ _92\"></span>the balance sheet <span class=\"_ _294\"> </span><span class=\"fc4 ls0 ws0\">376.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">407.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs99c\">Interest rate sw<span class=\"_ _92\"></span>aps \u2013 closed items on the balance she<span class=\"_ _92\"></span>et<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs99d\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs99e\"> <span class=\"_ _144\"> </span><span class=\"fc4\">70.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs99f\">Other investments and other r<span class=\"_ _92\"></span>eceivables <span class=\"_ _262\"> </span><span class=\"fc4 ls0 ws0\">523.2 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">538.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs9a0\">Other receivables from derivativ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> financial instruments<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs9a1\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs9a2\"> <span class=\"_ _194\"> </span><span class=\"fc4\">454.9 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">405.8 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs9a3\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _295\"> </span><span class=\"fc4 ls18\">1,425.3 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,382.7<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs9a5\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3e ws3c gs9a6\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. // </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsa9 ws1e6 gs9a8\">Investments \u2013 <span class=\"_ _92\"></span>cross-border leasing and closed items on the balance sheet <span class=\"_ _1ad\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs9a9\">Securities (loan </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs9aa\">stock rights) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs9ab\">under closed </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs9ac\">items on the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs9ad\">balance sheet </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs9ae\">Other loans </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs9af\">under closed </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs9b0\">items on the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs9b1\">balance sheet </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs9b2\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs9b3\">2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs9b4\">Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _158\"> </span><span class=\"ls0 ws0\">67.7 <span class=\"_ _3\"> </span>309.2 <span class=\"_ _127\"> </span>376.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs9b5\">Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">4.0 <span class=\"_ _9c\"> </span>16.8 <span class=\"_ _de\"> </span>20.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs9b6\">Additions <span class=\"_ _cd\"> </span><span class=\"ls0\">2.7 <span class=\"_ _60\"> </span>3.5 <span class=\"_ _61\"> </span>6.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs9b7\">Capitalised interest <span class=\"_ _296\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _9c\"> </span>11.2 <span class=\"_ _de\"> </span>11.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs9b8\">Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>7.8 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs9b9\">Amortised acquisition <span class=\"ls22 ws62\">cost as at 31/1<span class=\"_ _43\"></span>2 <span class=\"_ _2f\"> </span><span class=\"ls49 ws0\">73.2 <span class=\"_ _53\"> </span><span class=\"ls31\">334.1 <span class=\"_ _16a\"> </span><span class=\"ls18\">407.3 </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs9ba\">of which non-current assets <span class=\"_ _ce\"> </span><span class=\"ls0 ws0\">73.2 <span class=\"_ _3\"> </span>334.1 <span class=\"_ _127\"> </span>407.3<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs9bc\">4.7.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsc1 ws20f gs9bd\">Inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ments,  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsc7 ws0 gs9be\">non-cur<span class=\"_ _92\"></span>rent </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls115 wsb68 gs9bf\">receiva<span class=\"_ _43\"></span>ble<span class=\"_ _43\"></span>s from </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls1fa wsafc gs9c0\">deriva<span class=\"_ _92\"></span>tive financi<span class=\"_ _92\"></span>al </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls84 ws9b gs9c1\">instruments and  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls17a ws36d gs9c2\">non-cur<span class=\"_ _92\"></span>rent other </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls245 ws0 gs9c3\">receiva<span class=\"_ _43\"></span>ble<span class=\"_ _43\"></span>s<span class=\"_ _333\"> </span> </div>Investments \u2013 <span class=\"_ _92\"></span>cross-border leasing and closed items on the balance sheet <span class=\"_ _1ad\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Securities (loan stock rights) under closed items on the balance sheet Other loans under closed items on the balance sheet To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _158\"> </span><span class=\"ls0 ws0\">60.7 <span class=\"_ _3\"> </span>279.3 <span class=\"_ _127\"> </span>340.0 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">4.8 <span class=\"_ _9c\"> </span>20.1 <span class=\"_ _de\"> </span>24.8 </span>Additions <span class=\"_ _cd\"> </span><span class=\"ls0\">2.6 <span class=\"_ _60\"> </span>4.8 <span class=\"_ _61\"> </span>7.4 </span>Capitalised interest <span class=\"_ _296\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _9c\"> </span>11.1 <span class=\"_ _de\"> </span>11.2 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.5 </span>Amortised acquisition <span class=\"ls22 ws62\">cost as at 31/1<span class=\"_ _43\"></span>2 <span class=\"_ _2f\"> </span><span class=\"ls18 ws0\">67.7 <span class=\"_ _125\"> </span>309.2 <span class=\"_ _3\"> </span>376.9 </span></span>of which non-current assets <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">67.7 <span class=\"_ _3\"> </span>309.2 <span class=\"_ _127\"> </span>376.9<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>On 31 <span class=\"_ _87\"></span>D<span class=\"_ _43\"></span>ecember 2022, the securities<span class=\"ls19 ws4af\"> consisted of medium-term note<span class=\"ls7d ws30e\">s with a principal amount of </span></span>$75.3m (previous year: $74.0m) and an amortise<span class=\"ls79 ws190\">d cost of \u20ac73.2m (previous year: \u20ac67.7m). </span>Securities in the amount of \u20ac73.2m (previous <span class=\"ls80\">year: \u20ac67.7m) and loans in the amount of \u20ac334.1m </span>(previous year: \u20ac309.2m) are pledged<span class=\"ls0 ws99d\">. The securities and loans all <span class=\"ls80 wsa5e\">serve banks as collateral for </span></span>borrowin<span class=\"_ _92\"></span>gs.<span class=\"_ _333\"> </span>Other investments and non-cu<span class=\"_ _43\"></span>rrent other receivables  <span class=\"_ _18a\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Loans to affiliated companies \u2013 not included in the basis of consolidation  Loans to inves<span class=\"_ _43\"></span>t<span class=\"_ _43\"></span>ees<span class=\"_ _43\"></span> Securities (loan stock rights) Other loans <span class=\"_ _1d1\"> </span><span class=\"ls16b ws0\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span>2022 <span class=\"_ _30\"> </span><span class=\"ls31\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _9c\"> </span>  </span>Cost as at 1/1 <span class=\"_ _27\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _4a\"> </span>24.6 <span class=\"_ _68\"> </span>148.8 <span class=\"_ _a3\"> </span>5.6 <span class=\"_ _24\"> </span>179.1 </span>Additions from  business acquisitions <span class=\"_ _199\"> </span><span class=\"ls0 ws0\">1.2 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _6c\"> </span>1.2 </span>Additions <span class=\"_ _70\"> </span><span class=\"ls0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _66\"> </span>32.4 <span class=\"_ _a3\"> </span>0.1 <span class=\"_ _2c\"> </span>32.5 </span>Reclassifications <span class=\"_ _2e\"> </span><span class=\"ls0\">1.5 <span class=\"_ _4a\"> </span>34.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _2c\"> </span>36.0 </span>Cost as at 31/12 <span class=\"_ _186\"> </span><span class=\"ls18 ws0\">2.7 <span class=\"_ _4b\"> </span>59.1 <span class=\"_ _23\"> </span>181.2 <span class=\"_ _15f\"> </span>5.7 <span class=\"_ _b8\"> </span>248.8 </span>Accumulated value adjustments <span class=\"_ _92\"></span> as at 1/1 <span class=\"_ _74\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _fd\"> </span>\u2013<span class=\"fsa\"> </span>10.4 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _1b3\"> </span>\u2013<span class=\"fsa\"> </span>10.4 </span>Impairment losses <span class=\"_ _11d\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4b\"> </span>\u2013<span class=\"fsa\"> </span>9.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4f\"> </span>\u2013<span class=\"fsa\"> </span>9.1 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _fe\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _6c\"> </span>0.5 </span>Disposals <span class=\"_ _1e1\"> </span><span class=\"ls0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4b\"> </span>\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4f\"> </span>\u2013<span class=\"fsa\"> </span>1.3 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s  as at 31/12 <span class=\"_ _73\"> </span><span class=\"ls18 ws0\">0.0<span class=\"_ _92\"></span> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _24\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">20.3 <span class=\"_ _15f\"> </span></span></span>0.0 <span class=\"_ _11c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">20.3 </span></span></span>Net carrying amount as at 31/12 <span class=\"_ _130\"> </span><span class=\"ls18 ws0\">2.7 <span class=\"_ _4b\"> </span>59.1 <span class=\"_ _fd\"> </span>160.9 <span class=\"_ _6a\"> </span>5.7 <span class=\"_ _1b3\"> </span>228.5 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _138\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _4a\"> </span>24.6 <span class=\"_ _10f\"> </span>138.4 <span class=\"_ _a3\"> </span>5.6 <span class=\"_ _24\"> </span>168.7 </span>Net carrying amount of other non-<span class=\"_ _333\"> </span>current receivables as at 31/12<span class=\"_ _333\"> </span>1 <span class=\"_ _6b\"> </span><span class=\"ls31\">  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">341.1 </span></span>Net carrying amount of other non-<span class=\"_ _333\"> </span>current receivables as at 1/1<span class=\"_ _333\"> </span>1 <span class=\"_ _1d8\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _1cd\"> </span>424.7 T<span class=\"_ _14\"></span>otal net carrying amount  as at 31/12 <span class=\"_ _178\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">569.6 </span></span>T<span class=\"_ _14\"></span>otal net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _1d4\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _1cd\"> </span>593.4 </span>1 incl. the carr<span class=\"_ _43\"></span>ying amoun<span class=\"_ _43\"></span>t of interest<span class=\"_ _43\"></span> rate swaps \u2013 <span class=\"_ _43\"></span>closed items<span class=\"_ _43\"></span> on balan<span class=\"_ _43\"></span>ce sheet; ex<span class=\"_ _43\"></span>cl. other non<span class=\"_ _43\"></span>-current r<span class=\"_ _43\"></span>eceivables from<span class=\"_ _43\"></span> der<span class=\"ls4d ws4f\">iva<span class=\"_ _43\"></span>tive finan<span class=\"_ _43\"></span>cial instru<span class=\"_ _43\"></span>ment<span class=\"_ _333\"> </span></span>Other investments and non-cu<span class=\"_ _43\"></span>rrent other receivables<span class=\"_ _333\"> </span>1  <span class=\"_ _100\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Loans to inves<span class=\"_ _43\"></span>t<span class=\"_ _43\"></span>ees<span class=\"_ _43\"></span> Securities (loan stock rights) Other loans <span class=\"_ _59\"> </span><span class=\"ls16b ws0\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _81\"></span> </span>2021 <span class=\"_ _c3\"> </span><span class=\"ls0\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _60\"> </span>  <span class=\"_ _24c\"> </span>  <span class=\"_ _61\"> </span>  </span></span>Cost as at 1/1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _4b\"> </span>73.7 <span class=\"_ _2c\"> </span>147.5 <span class=\"_ _53\"> </span>5.4 <span class=\"_ _66\"> </span>226.8 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _157\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>7.1 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>7.1 </span>Additions <span class=\"_ _ae\"> </span><span class=\"ls0\"> <span class=\"_ _6a\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.2 <span class=\"_ _127\"> </span>0.2 </span>Disposals <span class=\"_ _99\"> </span><span class=\"ls0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>1.5 </span>Reclassifications <span class=\"_ _34\"> </span><span class=\"ls0\"> <span class=\"_ _24\"> </span>\u2013<span class=\"fsa\"> </span>49.1 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>4.3 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>53.4 </span>Cost as at 31/12 <span class=\"_ _2f\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _2c\"> </span><span class=\"ls18\">24.6<span class=\"_ _92\"></span> <span class=\"_ _4f\"> </span>148.8 <span class=\"_ _53\"> </span>5.6 <span class=\"_ _26\"> </span>179.1 </span></span>Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _8\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _119\"> </span>\u2013<span class=\"fsa\"> </span>18.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>18.5 </span>Rev<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rsal of impairment losses<span class=\"_ _92\"></span> <span class=\"_ _58\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>5.6 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2\"> </span>5.6 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _b5\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>0.9 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>0.9 </span>Disposals <span class=\"_ _99\"> </span><span class=\"ls0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>1.6 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2\"> </span>1.6 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _a8\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _6a\"> </span><span class=\"ls18\">0.0 <span class=\"_ _1d1\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">10.4 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _4f\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">10.4 </span></span>Net carrying amount as at 31/12 <span class=\"_ _e3\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _2c\"> </span><span class=\"ls18\">24.6 <span class=\"_ _119\"> </span>138.4 <span class=\"_ _125\"> </span>5.6 <span class=\"_ _2c\"> </span>168.7 </span></span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _19f\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _4b\"> </span>73.7 <span class=\"_ _2c\"> </span>129.0 <span class=\"_ _53\"> </span>5.4 <span class=\"_ _66\"> </span>208.2 </span>Net carrying amount of other non- current receivables as at 31/12<span class=\"_ _333\"> </span>2 <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _24c\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _10d\"> </span><span class=\"ls18\">424.7 </span></span>Net carrying amount of other non- current receivables as at 1/1<span class=\"_ _333\"> </span>2 <span class=\"_ _123\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _119\"> </span>146.4 T<span class=\"_ _14\"></span>otal net carrying amount as at 31/12 <span class=\"_ _a5\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _24c\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _10d\"> </span><span class=\"ls49\">593.4 </span></span></span>T<span class=\"_ _14\"></span>otal net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _55\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _130\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _119\"> </span>354.7 </span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. // 2 incl. the car<span class=\"_ _43\"></span>rying amount o<span class=\"_ _43\"></span>f interest ra<span class=\"_ _43\"></span>te swaps \u2013 cl<span class=\"_ _43\"></span>osed items <span class=\"_ _43\"></span>on balance <span class=\"_ _43\"></span>sheet;  excl. other non-c<span class=\"_ _92\"></span>urrent receivables from deriva<span class=\"_ _92\"></span>tive financial instruments<span class=\"_ _333\"> </span> Securities in the amount of \u20ac160.9m (previous year:<span class=\"ls46 ws466\"> \u20ac138.4m) primarily includ<span class=\"ls71 ws1fa\">e shar<span class=\"_ _92\"></span>es of investment </span></span>funds to co<span class=\"_ _92\"></span>ver employee benefit oblig<span class=\"_ _92\"></span>ations and were clas<span class=\"_ _92\"></span>sified as measured at fair value <span class=\"_ _92\"></span>through profit or loss.<span class=\"_ _333\"> </span>Non-curr<span class=\"_ _92\"></span>ent receivables from deriva<span class=\"_ _92\"></span>tive financial in<span class=\"ls265 ws9ce\">str<span class=\"_ _43\"></span>ume<span class=\"_ _43\"></span>nts<span class=\"_ _43\"></span> in th<span class=\"_ _43\"></span>e fi<span class=\"_ _43\"></span>nance<span class=\"_ _43\"></span> area c<span class=\"_ _43\"></span>onta<span class=\"_ _43\"></span>in de<span class=\"_ _43\"></span>rivat<span class=\"_ _43\"></span>ive </span>financial instruments measured at fair value i<span class=\"_ _92\"></span>n <span class=\"ls0 ws5aa\">the amount of \u20ac31.5m (previous year: \u20ac70.3m) which </span>relate to financial liabilities un<span class=\"ls76 ws836\">der closed items on the balance she<span class=\"_ _92\"></span>et. Furthermor<span class=\"_ _92\"></span>e, this item also </span>includes the no<span class=\"_ _92\"></span>n-current portion o<span class=\"_ _92\"></span>f the positive fair values of in<span class=\"_ _92\"></span>terest rat<span class=\"_ _92\"></span>e swaps held to <span class=\"_ _0\"></span>hedge the inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st rate risk as<span class=\"_ _92\"></span>sociated with financial liabilities (\u20ac36.2m; previous year: \u20ac0.0m).  Curr<span class=\"_ _92\"></span>ent receivab<span class=\"_ _92\"></span>les from derivative financial<span class=\"_ _92\"></span> instruments in the finance ar<span class=\"_ _92\"></span>ea include the current portion of p<span class=\"_ _43\"></span>ositive fair value<span class=\"_ _43\"></span>s of interest rate swaps <span class=\"ls74 ws32f\">held to hedge the in<span class=\"_ _92\"></span>terest ra<span class=\"_ _92\"></span>te risk associated with </span>financial lia<span class=\"_ _92\"></span>b<span class=\"_ _43\"></span>ilities (\u20ac8.3 million; pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: other liability: \u20ac5.9m).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-34": {
   "value": "4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span>4.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 wsb31\">Property<span class=\"_ _80\"></span>, plant and equipment</span><span class=\"ls101 wsb31\"> </span>Property, plan<span class=\"_ _92\"></span>t and equipment is measur<span class=\"_ _92\"></span>ed at cost (including decommissioning an<span class=\"_ _92\"></span>d dismantling costs required to be c<span class=\"_ _92\"></span>apitalised) less<span class=\"lsbc wsb32\"> straight-line depreciation and any <span class=\"ls6d wsb33\">impairment los<span class=\"_ _92\"></span>ses. In addition to </span></span>direct ma<span class=\"_ _92\"></span>terial and production costs<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> the cost of in<span class=\"_ _92\"></span>ternally manufactur<span class=\"_ _92\"></span>ed plant and equipment also includes appropriate indirect ma<span class=\"ls6b ws398\">t<span class=\"_ _92\"></span>erial and production costs<span class=\"_ _92\"></span>. Borrowing costs ar<span class=\"_ _92\"></span>e capitalised for </span>qualifying assets<span class=\"_ _92\"></span>. VERBUND\u2019<span class=\"_ _14\"></span>s aver<span class=\"_ _92\"></span>age monthly borr<span class=\"_ _92\"></span>owing costs in the 2022 r<span class=\"_ _92\"></span>eporting period were around 1.7 % (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: around 1.9 %).<span class=\"_ _333\"> </span>Depreciation<span class=\"_ _92\"></span> charges on deprecia<span class=\"_ _92\"></span>ble property, plant and equipm<span class=\"_ _92\"></span>ent are based on the expect<span class=\"_ _92\"></span>ed useful lives of its components. Specifically, the following<span class=\"_ _43\"></span> useful lives are applied:  Useful life In year<span class=\"_ _92\"></span>s Residential, office, plant and other plant facilities <span class=\"_ _e1\"> </span><span class=\"ls0 ws0\">10\u2013<span class=\"fsa\"> </span>50 </span>Hydroplant buildings <span class=\"_ _26d\"> </span><span class=\"ls0 ws0\">20\u2013<span class=\"fsa\"> </span>100 </span>Gas pipelines <span class=\"_ _26e\"> </span><span class=\"ls0 ws0\">30 </span>Machinery <span class=\"_ _26f\"> </span><span class=\"ls0\">10\u2013<span class=\"fsa\"> </span>80 </span>Electrical installations <span class=\"_ _270\"> </span><span class=\"ls0 ws0\">3\u2013<span class=\"fsa\"> </span>50 </span>P<span class=\"_ _92\"></span>ower lines <span class=\"_ _271\"> </span><span class=\"ls0 ws0\">50 </span>Office and plant equipment<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ls0 ws0\">4\u2013<span class=\"fsa\"> </span>10  </span>The expected useful<span class=\"_ _92\"></span> life of hydro<span class=\"_ _92\"></span>power plants is determined independ<span class=\"_ _92\"></span>ently from the t<span class=\"_ _92\"></span>erms of water rights permits<span class=\"_ _92\"></span> because it is pr<span class=\"_ _92\"></span>esumed that these <span class=\"_ _92\"></span>pe<span class=\"ls74 ws111\">rmits will be reissu<span class=\"_ _92\"></span>ed when they expire<span class=\"_ _92\"></span>. Based on </span>experience, this<span class=\"_ _92\"></span> also applies for those Bav<span class=\"_ _92\"></span>arian run-of<span class=\"ls76 ws354\">-river power plants with existin<span class=\"_ _0\"></span>g reversi<span class=\"_ _92\"></span>on rights </span>for the benefit of the Fr<span class=\"_ _92\"></span>ee State of B<span class=\"_ _92\"></span>avaria. The expected useful<span class=\"_ _92\"></span> life of the Jochens<span class=\"_ _92\"></span>tein power plant on the Danube was also determined independently of the ex<span class=\"lsbc ws467\">isting obligation to r<span class=\"_ _92\"></span>eturn the power plant in 2050 </span>(see section <span class=\"_ _92\"></span>8.2 Non-curr<span class=\"_ _92\"></span>ent other liabilities), sin<span class=\"_ _92\"></span>ce it is expected that VERBU<span class=\"_ _92\"></span>ND will also be the owner and operator of the Jochenstein power pl<span class=\"ls78 ws184\">an<span class=\"_ _92\"></span>t on the Danube even after the year 2050. </span>In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _85\"></span>36, the r<span class=\"_ _92\"></span>ecoverability o<span class=\"_ _92\"></span>f property, plant and equipmen<span class=\"_ _92\"></span>t is tested when indicators o<span class=\"_ _92\"></span>f impairment are identified (see sect<span class=\"lsb4 ws2b6\">ion 4.4 Impairment of non-financial assets).</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span>Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>Concessions, rights, licences Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span>2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">265.8 <span class=\"_ _3\"> </span>855.3 <span class=\"_ _59\"> </span>1,121.1 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">618.0 <span class=\"_ _3\"> </span>172.6 <span class=\"_ _2\"> </span>790.7 </span>Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">46.3 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>46.3 </span>Disposals <span class=\"_ _26a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>11.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _16a\"> </span>\u2013<span class=\"fsa\"> </span>11.4 </span>Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">3.7 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>3.7 </span>Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">922.5 <span class=\"_ _66\"> </span>1,027.9 <span class=\"_ _a5\"> </span>1,950.4 </span>Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">144.5 <span class=\"_ _3\"> </span>187.9 <span class=\"_ _127\"> </span>332.4 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">227.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _127\"> </span>227.0 </span>Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">16.8 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>16.8 </span>Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">2.2 <span class=\"_ _3\"> </span>133.5 <span class=\"_ _2\"> </span>135.7 </span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>5.7 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>5.7 </span>Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">384.2 <span class=\"_ _125\"> </span>321.4 <span class=\"_ _3\"> </span>705.6 </span>Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">538.2 <span class=\"_ _125\"> </span>706.5 <span class=\"_ _a5\"> </span>1,244.8 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _22\"> </span><span class=\"ls0 ws0\">121.3 <span class=\"_ _3\"> </span>667.4 <span class=\"_ _127\"> </span>788.7 </span>Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _26c\"> </span><span class=\"ff2f ls60\">Concessions, </span>rights, licences Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span>2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">183.0 <span class=\"_ _3\"> </span>766.8 <span class=\"_ _127\"> </span>949.8 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _144\"> </span><span class=\"ls0 ws0\">63.4 <span class=\"_ _12b\"> </span>88.5 <span class=\"_ _127\"> </span>151.9 </span>Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">25.5 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>25.5 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>6.9 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.9 </span>Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">0.9 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>0.9 </span>Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">265.8 <span class=\"_ _125\"> </span>855.3 <span class=\"_ _132\"> </span>1,121.1<span class=\"_ _92\"></span> </span>Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">102.5 <span class=\"_ _3\"> </span>179.1 <span class=\"_ _127\"> </span>281.7 </span>Change in the basis of consolidation <span class=\"_ _31\"> </span><span class=\"ls0 ws0\">37.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _de\"> </span>37.4 </span>Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">12.4 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>12.4 </span>Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _24c\"> </span>8.8 <span class=\"_ _61\"> </span>8.8 </span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.6 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>1.2 </span>Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">144.5 <span class=\"_ _125\"> </span>187.9 <span class=\"_ _3\"> </span><span class=\"ls31\">332.4 </span></span>Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">121.3 <span class=\"_ _125\"> </span>667.4 <span class=\"_ _3\"> </span>788.7 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">80.5 <span class=\"_ _3\"> </span>587.7 <span class=\"_ _127\"> </span>668.1<span class=\"_ _333\"> </span></span>4.1.1  Intangible assets<span class=\"_ _333\"> </span>4.4.1 Impairment testin<span class=\"_ _92\"></span>g of goodwill<span class=\"_ _333\"> </span> For the purpose of impairment test<span class=\"_ _43\"></span>ing, VERBUND\u2019<span class=\"_ _92\"></span><span class=\"ls77 wsb41\">s goodw<span class=\"_ _43\"></span>ill was allocated to the following cash<span class=\"_ _43\"></span>-<span class=\"_ _333\"> </span></span>genera<span class=\"_ _0\"></span>ting units or gr<span class=\"_ _92\"></span>oups of cash-genera<span class=\"_ _92\"></span>ting units<span class=\"_ _43\"></span>: Goodwill<span class=\"_ _92\"></span> <span class=\"_ _283\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Hydro segment<span class=\"_ _92\"></span> <span class=\"_ _284\"> </span><span class=\"fc4 ls0 ws0\">287.0 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">287.0 </span></span>Sales segment <span class=\"_ _24d\"> </span><span class=\"fc4 ls0 ws0\">13.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>3.0 </span></span>Inn River po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _26b\"> </span><span class=\"fc4 ls0 ws0\">126.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">126.6 </span></span>Grenzkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _4\"> </span><span class=\"fc4 ls0 ws0\">161.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">161.1 </span></span>Gas Connect Austria <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">39.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG <span class=\"_ _ed\"> </span><span class=\"fc4 ls0 ws0\">40.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">40.5 </span></span>Spanish renewa<span class=\"_ _92\"></span>bles portfolio<span class=\"_ _333\"> </span>1 <span class=\"_ _285\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">78.4 </span>Goodwill <span class=\"_ _286\"> </span><span class=\"fc4 ls18\">667.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">706.6</span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span>1 Details regardin<span class=\"_ _92\"></span>g the goodwill recognised for the first time i<span class=\"_ _92\"></span>n<span class=\"_ _43\"></span> the 2022 reporting perio<span class=\"_ _92\"></span>d can be found in the section entitled<span class=\"ls144 wsb43\"> Business acquisition<span class=\"_ _43\"></span>s<span class=\"_ _333\"> </span></span><span class=\"ls144 wsb43\">.<span class=\"_ _333\"> </span></span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Hy<span class=\"_ _92\"></span>dro segment <span class=\"_ _f6\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls21 ws22\">Average <span class=\"_ _92\"></span>expected generation of the </span>respective power plant<span class=\"_ _92\"></span>s Average expected generation of the respective power plants Price <span class=\"_ _209\"> </span><span class=\"fc4 ls1e ws63\">Internal price fore<span class=\"_ _92\"></span>casts and power  </span>plant-specific premiums or discounts  (for example, the <span class=\"_ _92\"></span>sale of guarantees of origin) Internal price forecasts and power  plant-specific premiums or discounts  (for example, the sale of guarantees of origin) Planning period<span class=\"_ _333\"> </span>1 <span class=\"_ _39\"> </span><span class=\"fc4 ls1c ws1d\">Detailed planning phase: up <span class=\"_ _92\"></span>to a maximum </span>of 6 years depending on the specific  power plant; rough plannin<span class=\"_ _92\"></span>g phase: up to  a maximum of 23 years depending on the specific power plant; <span class=\"ls149 wsb44\">subsequent termina<span class=\"_ _43\"></span>l </span>value phase following<span class=\"ls62 ws64\"> rough planni<span class=\"_ _92\"></span>ng  </span>phase depending on the s<span class=\"_ _92\"></span>pecific  power plant Detailed planning phase: up to a maximum of 6 years depending on the sp<span class=\"_ _92\"></span>ecific power plant; rough planning phase: up to a maximum of 32 years depending on the specific power plant; subsequent terminal value phase following rough planning phase depending on the specific  power plant Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4\">WACC: 4.00 % to 8.50 %  </span>depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>WACC: 5.75 % to 12.50 %  depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The planning peri<span class=\"_ _92\"></span>od was extended to 2060 due to the avai<span class=\"_ _92\"></span>lability of price curves.<span class=\"_ _92\"></span> // 2 The iterativel<span class=\"_ _43\"></span>y calcula<span class=\"_ _43\"></span>ted implicit pre-tax<span class=\"_ _43\"></span> interest r<span class=\"_ _43\"></span>ate was 6.43 %\u2013<span class=\"fsa ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls16c ws6d7\">13.79 % (previ<span class=\"_ _92\"></span>ous year: </span>4.82 %\u2013 <span class=\"fsc ls42 ws40\">9.37 %). //<span class=\"_ _92\"></span> </span>3 Management <span class=\"_ _43\"></span>believes th<span class=\"_ _43\"></span>e carrying a<span class=\"_ _43\"></span>mount of the<span class=\"_ _43\"></span> Hydro se<span class=\"_ _43\"></span>gment\u2019s assets<span class=\"_ _43\"></span> includin<span class=\"_ _43\"></span>g goodwill <span class=\"_ _43\"></span>will not exce<span class=\"_ _43\"></span>ed the r<span class=\"_ _43\"></span>ecoverable a<span class=\"_ _43\"></span>moun<span class=\"ls137 wsb46\">t as a r<span class=\"_ _43\"></span>esult of p<span class=\"_ _43\"></span>otential </span>changes in the key measurement assumptions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Sal<span class=\"_ _92\"></span>es segment <span class=\"_ _cf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All of VERBUND\u2019s sales activities  plus goodwill All of VERBUND\u2019s sales activities  plus goodwill Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls33 ws30\">Expected tr<span class=\"_ _92\"></span>ading and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Price <span class=\"_ _209\"> </span><span class=\"fc4 ls33 ws30\">Expected tradin<span class=\"_ _92\"></span>g and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1e ws1f\">Detailed planning phase of 6 years  </span>followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase of 6 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Expected trading and dis<span class=\"_ _92\"></span>tribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins Expected trading and distribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls59 ws5a\">WACC after taxes (4.00 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls5b ws5c\">4.25 %)<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _fd\"> </span><span class=\"ff2f fc0 ls33 ws91c\">WACC after taxes (5.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1aa wsb48\">6.25 %)<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 8<span class=\"_ _43\"></span>.46 % (previou<span class=\"_ _43\"></span>s year: 5<span class=\"_ _43\"></span>.60 %). // 2 Management bel<span class=\"_ _43\"></span>ieves the carryin<span class=\"_ _43\"></span>g amount of<span class=\"_ _43\"></span> the Sales segmen<span class=\"_ _43\"></span>t\u2019s assets including g<span class=\"_ _43\"></span>oodwill will n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recovera<span class=\"_ _43\"></span>ble amoun<span class=\"_ _43\"></span>t as a result<span class=\"_ _43\"></span> of potent<span class=\"_ _43\"></span>ial changes <span class=\"_ _43\"></span>in the key m<span class=\"_ _43\"></span>easuremen<span class=\"_ _43\"></span>t assumpti<span class=\"_ _43\"></span>ons<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for t<span class=\"_ _92\"></span>he Inn River pow<span class=\"_ _92\"></span>er plant group<span class=\"_ _92\"></span> <span class=\"_ _37\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that f<span class=\"_ _43\"></span>urther<span class=\"_ _43\"></span>more  each represent a <span class=\"_ _0\"></span>cash-generating u<span class=\"_ _0\"></span>nit,  plus goodwill and de<span class=\"ls61 ws62\">ferred tax accruals </span>Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that furthermore  each represent a cash-generating unit,  plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls60 ws61\">VERBUND Innkraftwerke GmbH budgets  </span>(based mainly on near-marke<span class=\"_ _92\"></span>t data) VERBUND Innkraftwerke GmbH budgets  (based mainly on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls46 ws45\">Annual output correspondin<span class=\"_ _92\"></span>g to the  </span>mean energy capability of 1,855 or 1,994 GWh (after conclusion of the T\u00f6ging modernisation proj<span class=\"_ _92\"></span>ect) Annual output corresponding to the  mean energy capability of 1,994 GWh  (after conclusion of the T\u00f6ging modernisation project) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration of the  water charges based on<span class=\"lsca ws25c\"> official notices; </span>estimate of the m<span class=\"_ _92\"></span>aintenance costs by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the  water charges based on offi<span class=\"_ _92\"></span>cial notices; estimate of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>2 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.00 %<span class=\"_ _333\"> </span></span>3 <span class=\"_ _288\"> </span><span class=\"ff2f fc0 ls46 ws2b\">WACC: 5.75 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The Inn River p<span class=\"_ _43\"></span>ower plant g<span class=\"_ _43\"></span>roup comprises<span class=\"_ _43\"></span> the followin<span class=\"_ _43\"></span>g run-of-river<span class=\"_ _43\"></span> power pla<span class=\"_ _43\"></span>nts: Aubach, Fe<span class=\"_ _43\"></span>ldkirchen, <span class=\"_ _43\"></span>Gars, Jettenbach<span class=\"_ _43\"></span> II, N<span class=\"ws9ee\">eu\u00f6ttin<span class=\"_ _43\"></span>g, Perach, Rosenh<span class=\"_ _43\"></span>eim, Stammh<span class=\"_ _43\"></span>am, </span>Teufelsbruc<span class=\"_ _43\"></span>k, T\u00f6ging, W<span class=\"_ _43\"></span>asserbur<span class=\"_ _43\"></span>g. // 2 The planning period wa<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>extended to 2060 due<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>o the availabili<span class=\"_ _92\"></span>ty <span class=\"_ _43\"></span>of price curves. //<span class=\"_ _92\"></span> 3 The iterat<span class=\"_ _43\"></span>ively calcu<span class=\"_ _43\"></span>lated implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest rate<span class=\"_ _43\"></span> was 7.71 % (previ<span class=\"_ _92\"></span>ous year: 4.82 %). // 4 Management believes the carrying amount of the Inn River power plant group\u2019s asse<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> including goodwill will not exceed the recoverable<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>mount as a result of po<span class=\"_ _92\"></span>tential <span class=\"ls1f5 wsaeb\">changes in the key <span class=\"_ _43\"></span>measurement assumptions<span class=\"_ _333\"> </span></span><span class=\"ls1f5 wsaeb\">.<span class=\"_ _333\"> </span></span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws851 gs72c\">Impairment testing of good<span class=\"_ _92\"></span>will for the Grenzkraftw<span class=\"_ _92\"></span>erke po<span class=\"_ _92\"></span>wer plant group<span class=\"_ _333\"> </span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gs72d\">1</div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs72e\">  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs72f\">Group of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs730\">cash-generating units </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1f ws20 gs731\">Run-of-river power plants of th<span class=\"_ _92\"></span>e </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls106 ws321 gs732\">Grenzkraftwerke power plant gro<span class=\"_ _92\"></span>up<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs733\">2</div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1f ws20 gs734\"> that </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws1b gs735\">each represent a cash-g<span class=\"_ _92\"></span>enerating unit, plus </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls46 ws45 gs736\">goodwill and deferre<span class=\"ls1a ws256\">d tax accruals </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs737\">Run-of-river power plants of the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc wsb4b gs738\">Grenzkraftwerke power plant group<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs739\">2</div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gs73a\"> that </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs73b\">each represent a cash-generating unit, </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs73c\">plus goodwill and deferred tax accruals </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs73d\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs73e\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls61 ws62 gs73f\">Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs740\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs741\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws792\">Grenzkraftwerke Gm<span class=\"ls106 ws35e\">bH\u2019s budgets  </span></span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs742\">(based primarily on near-market data) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs743\">Grenzkraftwerke GmbH\u2019s budgets  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs744\">(based primarily on near-market data) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs745\">V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls60 ws61\">Annual output correspondin<span class=\"_ _92\"></span>g to the mean </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs746\">energy capability of 3,957 GWh </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs747\">Annual output corresponding to the mean </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs748\">energy capability of 3,957 or 4,007 GWh </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs749\">(after completing measures to increase </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs74a\">efficiency at Ering-Frauenstein) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs74b\">Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws1b gs74c\">generation characteris<span class=\"_ _92\"></span>tics and the </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs74d\">hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws1b gs74e\">premium for additio<span class=\"_ _92\"></span>nal proceeds from the </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1f3 wsabb gs74f\">sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1c ws1d gs750\">quoted price); consideration o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the water </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws1e gs751\">charges based on official notices; estimate </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls30 ws2d gs752\">of the maintenance co<span class=\"_ _92\"></span>sts by the managers </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2d ws0 gs753\">responsible </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs754\">Internal price forecasts; discounts for </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs755\">generation characteristics and the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs756\">hydrological forecast and availability risk; </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs757\">premium for additional proceeds from the </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs758\">sale of guarantees of origin (derived from </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs759\">quoted price); consideration of the water </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws91c gs75a\">charges based on off<span class=\"_ _92\"></span>ici<span class=\"ls46 ws2b\">al notices; estimate </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs75b\">of the maintenance costs by the managers </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs75c\">responsible </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs75d\">Planning period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs75e\">3</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs75f\"> <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws61 gs760\">rough planning phase: 23 years  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws30 gs761\">followed by a terminal value <span class=\"_ _92\"></span>phase </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs762\">Detailed planning phase: 6 years;  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs763\">rough planning phase: 32 years  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs764\">followed by a terminal value phase </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs765\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs766\">assumptions </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2b ws29 gs767\">Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs768\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls62 ws64\">Austria: WACC: 4.25 %<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs769\">4<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls59 ws5a gs76a\">Germany: WACC: 4.00 % </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs76b\">Austria: WACC: 6.25 %<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs76c\">4<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gs76d\">Germany: WACC: 5.75 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs76e\">Impairment loss  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2a gs76f\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs770\">5<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls31 ws0 gs771\">\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs772\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls235 wsb4c gs773\"> The following notes relate to the second step of the two-step <span class=\"ls4f ws51\">impairment test of the Gr<span class=\"_ _43\"></span>enzkraftwer<span class=\"_ _43\"></span>ke power plan<span class=\"_ _43\"></span>t group. The r<span class=\"_ _43\"></span>e<span class=\"ls4e ws50\">coverabil<span class=\"_ _43\"></span>ity of the in<span class=\"_ _43\"></span>dividual run<span class=\"_ _43\"></span>-of-river power<span class=\"_ _43\"></span> </span></span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls135 wsb4d gs774\">plants was tested in the firs<span class=\"_ _43\"></span>t step. // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs775\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls53 ws55 gs776\"> The Grenzkraftwerk<span class=\"_ _92\"></span>e <span class=\"_ _43\"></span>power plant gro<span class=\"_ _92\"></span>u<span class=\"_ _43\"></span>p comprises the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>following power pl<span class=\"_ _92\"></span>ants: Braunau-Simbach, Egglfing-Obe<span class=\"_ _92\"></span>rnberg, Ering-Frauens<span class=\"ls236 ws0\">tein, </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls237 wsb4e gs777\">Jochenstein, Nu\u00dfdorf, Oberaudorf-Ebbs, Passau-Ingling and<span class=\"_ _92\"></span> S<span class=\"_ _43\"></span>ch\u00e4rding-Neuhaus. // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs778\">3</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3d ws3b gs779\"> The planning period wa<span class=\"_ _92\"></span>s extended to 2060 due to the availabili<span class=\"_ _92\"></span>ty of price curves. //  </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs77a\">4</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1cd wsa89 gs77b\"> The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 7<span class=\"_ _43\"></span>.98 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls238 wsb4f\">8.11 % (previous year: 5.<span class=\"_ _92\"></span>16 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls42 ws40\">5.24 %). // </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs77c\">5</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls235 wsb4c gs77d\"> According to management, the carrying amount of the </div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls3b ws39 gs77e\">Grenzkraftw<span class=\"_ _43\"></span>erke power <span class=\"_ _43\"></span>plant group\u2019s<span class=\"_ _43\"></span> assets (l<span class=\"_ _43\"></span>ess defer<span class=\"_ _43\"></span>red tax liabilit<span class=\"_ _43\"></span>ies) inc<span class=\"_ _43\"></span>luding goodw<span class=\"_ _43\"></span>ill does n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recoverable<span class=\"_ _43\"></span> a<span class=\"ls180 ws7db\">mount as a result of possible changes in key </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls131 wsb50 gs77f\">measurement assumpt<span class=\"_ _43\"></span>ions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls13c ws4b3 gs781\">I<span class=\"_ _333\"> </span>mpairment testing <span class=\"_ _92\"></span>of goodwill for Gas C<span class=\"_ _92\"></span>onnect Austria<span class=\"_ _333\"> </span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gs782\">1</div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs783\">  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs784\">Group of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs785\">cash-generating units </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws35 gs786\">Gas Connect Austria GmbH (GCA),  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls26 ws26 gs787\">Austrian Gas Grid Management AG </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls30 ws2d gs788\">(AGGM), Trans Au<span class=\"_ _92\"></span>stria Gasleitung GmbH </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls24 ws24 gs789\">(TAG), profit par<span class=\"_ _92\"></span>ticipation right with respect </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5d ws5e gs78a\">to material assets of TAG plus goodwill  </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws35 gs78b\">less deferred tax accruals </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs78c\">Gas Connect Austria GmbH (GCA), </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs78d\">Austrian Gas Grid Management AG </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws24 gs78e\">(AGGM), Trans Austria<span class=\"ls37 ws26\"> Gasleitung GmbH </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs78f\">(TAG), profit participation right with </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs790\">respect to material assets of TAG plus </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws35e gs791\">goodwill less deferred tax accruals </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs792\">Basis for  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs793\">recov<span class=\"_ _92\"></span>erable amount </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws61 gs794\">Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal<span class=\"_ _92\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs795\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs796\">Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls1ab ws813\">GCA budgets <span class=\"_ _92\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1f ws20 gs797\">(based primarily on near mark<span class=\"_ _92\"></span>et data) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs798\">GCA budgets  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs799\">(based primarily on <span class=\"lsca\">near market data) </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs79a\">V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls9c ws190\">Cap<span class=\"_ _43\"></span>acity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs79b\">Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariffs published by t<span class=\"_ _92\"></span>he regulator <span class=\"_ _276\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by the </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs79c\">regulator </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs79d\">Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years; <span class=\"_ _92\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws61 gs79e\">rough planning phase: 23 years plus </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls21 ws31 gs79f\">Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs7a0\">Detailed planning phase: 6 years;  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs7a1\">rough planning phase: 22 years plus </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs7a2\">Regulatory Asset Base (RAB) as exit value </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs7a3\">Ke<span class=\"_ _0\"></span>y measurement </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs7a4\">assumptions </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls106 ws35e gs7a5\">Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs7a6\">After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1a ws1c gs7a7\">account regulatory framework conditions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs7a8\">Determination of discount rate taking into </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs7a9\">account regulatory framework conditions </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs7aa\">Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac852.7m <span class=\"_ _11f\"> </span><span class=\"ff2f fc0 ls18\">\u20ac7<span class=\"_ _92\"></span>04.6m </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs7ab\">Impairment loss  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2a gs7ac\">during the period<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs7ad\">2<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs7ae\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">8.8m <span class=\"_ _1a5\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls9c\">39.3m </span></span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs7af\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4d ws4f gs7b0\"> The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the tw<span class=\"_ _43\"></span>o-step im<span class=\"_ _43\"></span>pairment tes<span class=\"_ _43\"></span>t of the Gas<span class=\"_ _43\"></span> Connect A<span class=\"_ _43\"></span>ustria g<span class=\"_ _43\"></span>roup of cas<span class=\"_ _43\"></span>h-g<span class=\"ls239 wsb51\">enerating units. In<span class=\"_ _43\"></span> the first step,<span class=\"_ _43\"></span> the </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4d ws4f gs7b1\">recoverabilit<span class=\"_ _43\"></span>y of the<span class=\"_ _43\"></span> GCA unit<span class=\"_ _43\"></span>s including<span class=\"_ _43\"></span> AGGM and t<span class=\"_ _43\"></span>he investm<span class=\"_ _43\"></span>ent<span class=\"ls235 wsb4c\"> in Trans Austria Gasleitung GmbH (TAG) was tested. TAG\u2019s asse<span class=\"ls1b5 ws91d\">t participation<span class=\"_ _43\"></span> right was mea<span class=\"_ _43\"></span>sured at f<span class=\"_ _43\"></span>air </span></span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls131 wsb50 gs7b2\">value in accordan<span class=\"_ _43\"></span>ce with IFRS 9. /<span class=\"_ _43\"></span>/ </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs7b3\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls53 ws55 gs7b4\"> An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognise<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>in the 2022 report<span class=\"_ _92\"></span><span class=\"ls3d ws3b\">ing period in the amount of \u20ac16.8m as at 30 June 2022.<span class=\"_ _92\"></span> As at </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1c9 wsa4d gs7b5\">31 December 2022, the i<span class=\"_ _92\"></span>mpairment recognised during the year i<span class=\"_ _92\"></span>ncreased to \u20ac39.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsc4 ws2b2 gs7b6\">Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2022 </div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs7b7\">  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws95b gs7b8\">valuation assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs7b9\">Change in ke<span class=\"_ _92\"></span>y </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws5a6 gs7ba\">valuation assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs7bb\">Effects on the carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs7bc\">amounts of assets </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs7bd\">After-tax di<span class=\"_ _92\"></span>scount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs7be\">(Please refer to  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ef wsb17 gs7bf\">the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs7c0\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.1m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs7c1\">\u20ac+<span class=\"fsa\"> </span>9.9m </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsc4 ws2b2 gs7c2\">Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2021 <span class=\"_ _158\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs7c3\">  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws95b gs7c4\">valuation assumption </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs7c5\">Change in ke<span class=\"_ _92\"></span>y </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws5a6 gs7c6\">valuation assumptions </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs7c7\">Effects on the carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws8f0 gs7c8\">amounts of assets </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs7c9\">After-tax di<span class=\"_ _92\"></span>scount rate </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs7ca\">(Please refer to  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ef wsb17 gs7cb\">the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs7cc\">\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.7m </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs7cd\">\u20ac+<span class=\"fsa\"> </span>10.6m<span class=\"_ _333\"> </span></div>Impairment testing of good<span class=\"_ _92\"></span>will for SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls61 ws62\">SMATRICS GmbH &amp; Co KG,  </span>full-service provider for  electromobility charging solutions SMATRICS GmbH &amp; Co KG,  full-service provider for  electromobility charging solutions Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _257\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls34 ws32\">SMATRICS GmbH &amp; Co KG budgets  </span>(based primarily on near-market data) SMATRICS GmbH &amp; Co KG  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls5d ws5e\">Electric vehicle ramp-up <span class=\"_ _289\"> </span></span><span class=\"ff2f ls2b ws1f\">Electric vehicle ramp-up </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls33 ws30\">Charging rates <span class=\"_ _5c\"> </span></span><span class=\"ff2f ls20 ws25\">Charging rates </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 9 years plu<span class=\"_ _92\"></span>s </span>subsequent terminal value phase Detailed planning phase: 8 years plus subsequent terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electric vehicle ramp-up, discount rate <span class=\"_ _4d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Electric vehicle ramp-up, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 10.00 % <span class=\"_ _12a\"> </span></span><span class=\"ff2f ls33 ws91c\">WACC: 12.25 % </span>Impairment loss  during the period \u2013 <span class=\"_ _13\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"_ _333\"> </span></span><span class=\"ff2f fc0 ls0\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2022    <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span>12.25 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.7m </span>\u20ac+<span class=\"fsa\"> </span>2.1m Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2021  V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span><span class=\"ls37 ws36\">10.00 % <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.8m </span>\u20ac+<span class=\"fsa\"> </span>3.8m<span class=\"_ _333\"> </span>Impairment test of the goodwill of the Spanish r<span class=\"_ _92\"></span>enewables portfolio<span class=\"_ _333\"> </span>1  <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Photovoltaic portfolios with a capac<span class=\"_ _43\"></span>ity of <span class=\"ls5d ws2d\">82.1 MWp in operation (Anselma Issuer, S.A. </span>and Topacio Energy, S.L.U.), <span class=\"ls0 ws1b\">wind/photovoltaic portfolios wi<span class=\"ls24 ws95a\">th a capacity of 2,129 MW </span></span>in development (Tejo Solar, S.L.U., Catalp<span class=\"ls9c ws61\">a Solar, S.L.U. and VERBU<span class=\"_ _43\"></span>ND Green Power </span>Renewable Projects, S.L.U.) plus <span class=\"ls1a ws24\">goodwill less deferred tax items </span>Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ls2b ws1f\">Tariffs for existing plants; internal price forecast for proj<span class=\"ls61 ws20\">ec<span class=\"_ _43\"></span>ts, premium for additional </span></span>proceeds from the sale of guarantees of<span class=\"ls5b wsb52\"> origin (derived from quoted prices) </span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 17 years for ex<span class=\"ls62 ws90e\">isting projects and 29 years (PV) or </span>24 years (wind) for de<span class=\"_ _92\"></span><span class=\"ls2b wsb54\">velopment p<span class=\"_ _43\"></span>rojects </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac766.1m<span class=\"_ _92\"></span> </span>Impairment losses  during the period \u20ac\u2013<span class=\"fsa ls0\"> </span>94.2m 1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the two-s<span class=\"_ _43\"></span>tep impa<span class=\"_ _43\"></span>irment test<span class=\"_ _43\"></span> of the Spa<span class=\"_ _43\"></span>nish rene<span class=\"_ _43\"></span>wables portf<span class=\"_ _43\"></span>olio group<span class=\"_ _43\"></span> <span class=\"ls12c wsb55\">of cash-generating<span class=\"_ _43\"></span> units. In the f<span class=\"_ _43\"></span>irst step, the </span>recoverability o<span class=\"_ _43\"></span>f developmen<span class=\"_ _43\"></span>t projects was test<span class=\"_ _43\"></span>ed in accord<span class=\"_ _43\"></span>ance with IAS 3<span class=\"_ _43\"></span>6.10(a) while<span class=\"_ _43\"></span> the recoverab<span class=\"_ _43\"></span>ility of exist<span class=\"_ _43\"></span>ing projects<span class=\"ls233 wsb49\"> was t<span class=\"_ _43\"></span>ested if there was an<span class=\"_ _43\"></span>y indication<span class=\"_ _43\"></span> that they </span>might be impaired. // 2 The Spanish renewab<span class=\"_ _43\"></span>les portfolio can be brok<span class=\"_ _43\"></span>en down into the follow<span class=\"_ _43\"></span>ing portfolios<span class=\"_ _43\"></span>: Anselma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, Topacio <span class=\"lsce ws261\">Ener<span class=\"_ _43\"></span>gy, S.L.U. with 1<span class=\"_ _43\"></span>9 </span>CGUs, Tejo S<span class=\"_ _43\"></span>olar, S.L.U. wi<span class=\"_ _43\"></span>th 18 CGUs, Catal<span class=\"_ _43\"></span>pa Solar, S.L.U<span class=\"_ _43\"></span>. with 5 CGUs an<span class=\"_ _43\"></span>d VERBUND Gr<span class=\"_ _43\"></span>een Power Rene<span class=\"_ _43\"></span>wable Projects<span class=\"_ _43\"></span>, S.L.U. wit<span class=\"ls206 wsb57\">h 3 CGUs. //<span class=\"_ _92\"></span> </span>3 Since the return on the Anselma Issuer, <span class=\"_ _43\"></span>S.A. and T<span class=\"_ _43\"></span>opacio Energy, S.<span class=\"_ _43\"></span>L.U. portfoli<span class=\"_ _43\"></span>os is secure<span class=\"_ _43\"></span>d by tariff for<span class=\"_ _43\"></span> the next 15<span class=\"_ _43\"></span> to 18 years, f<span class=\"_ _43\"></span>ollowed by a p<span class=\"_ _43\"></span>eri<span class=\"ls39 ws37\">od of merchant marke<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ing, two WACCs were used<span class=\"_ _92\"></span> </span>for the valu<span class=\"_ _43\"></span>ation. The <span class=\"_ _43\"></span>implicit <span class=\"_ _43\"></span>pre-tax inter<span class=\"_ _43\"></span>est rate det<span class=\"_ _43\"></span>ermined thr<span class=\"_ _43\"></span>ough a pro<span class=\"_ _43\"></span>cess of iter<span class=\"_ _43\"></span>ation am<span class=\"_ _43\"></span>ounted to 7.<span class=\"_ _43\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">8.67 %<span class=\"_ _333\"> </span></span><span class=\"fsc ls42 ws40\">. </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish renew<span class=\"_ _92\"></span>ables portfolio 12/1/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _a4\"> </span>5.75 %/6.50 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac+<span class=\"fsa\"> </span>30.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">30.0m </span>Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _19d\"> </span>\u20ac47.5 per MWh <span class=\"_ _d5\"> </span>\u00b1 5 % \u20ac+<span class=\"fsa\"> </span>62.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">62.0m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span><span class=\"ls206 ws0\">.<span class=\"_ _333\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-578": {
   "value": "4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span>Goodwill  Goodw<span class=\"_ _43\"></span>ill is not to be syste<span class=\"_ _43\"></span>matically amortised; instead,<span class=\"_ _43\"></span><span class=\"ls96 ws5bf\"> it is to be tested for impa<span class=\"_ _43\"></span>irment at least once per </span>year in accordance with IAS 36 (see <span class=\"ls1b wsb2d\">section 4.4.1 Impairment testing of<span class=\"ls9a ws562\"> goodwill). In addition, a quality-<span class=\"_ _333\"> </span></span></span>oriented analysis of whethe<span class=\"_ _43\"></span>r there is any indication of impairment is conducted on t<span class=\"_ _43\"></span>he reporting date for all consolidat<span class=\"_ _92\"></span>ed interim financial statem<span class=\"_ _92\"></span>ents.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "4.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsef ws877\">Non-current assets<span class=\"_ _333\"> </span></span>4.7<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Investments, non-current receivables from derivativ<span class=\"_ _92\"></span>e  </span>financial instruments and no<span class=\"ls120 ws6d1\">n-current other receivables</span><span class=\"ls120 ws6d1\"> </span>Investments and loans are classified based on the provisions of IFRS <span class=\"_ _80\"></span>9.<span class=\"_ _43\"></span> Acquisitions and disposals of investmen<span class=\"_ _92\"></span>ts are recognised a<span class=\"_ _92\"></span>t the trade date<span class=\"_ _92\"></span>. The carrying amount of fin<span class=\"_ _92\"></span>ancial assets measured a<span class=\"_ _92\"></span>t amortised cost is determined based o<span class=\"_ _92\"></span>n the effective interest meth<span class=\"_ _92\"></span>od in consideration of any im<span class=\"_ _92\"></span>pairment losses<span class=\"_ _92\"></span>. The carr<span class=\"_ _43\"></span>ying amount<span class=\"_ _92\"></span> of financial assets measur<span class=\"_ _92\"></span>ed at fair value in the bal<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nce sheet is derive<span class=\"_ _92\"></span>d based on IFRS <span class=\"_ _80\"></span>13\u2019<span class=\"_ _92\"></span>s fair value hier<span class=\"_ _92\"></span>archy (see section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>5 Fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instruments). T<span class=\"_ _0\"></span>he notes r<span class=\"_ _92\"></span>egarding the closed items on the b<span class=\"_ _92\"></span>alance sheet can be found in<span class=\"_ _0\"></span> secti<span class=\"ls6f ws5d3\">on 8.1 F<span class=\"_ _92\"></span>inancial liabilities <span class=\"_ _92\"></span>as well as in section 11 </span>Risk mana<span class=\"_ _92\"></span>gement.<span class=\"_ _333\"> </span>Investme<span class=\"_ _92\"></span>nts, non-current r<span class=\"_ _92\"></span>eceivables from deriv<span class=\"_ _92\"></span>ative financial instrument<span class=\"_ _43\"></span>s and non-current other receivables <span class=\"_ _74\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _21f\"> </span><span class=\"ff2f fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _2\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>Investments \u2013 closed items on <span class=\"_ _92\"></span>the balance sheet <span class=\"_ _294\"> </span><span class=\"fc4 ls0 ws0\">376.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">407.3 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 closed items on the balance she<span class=\"_ _92\"></span>et<span class=\"_ _333\"> </span>2 <span class=\"_ _144\"> </span><span class=\"fc4\">70.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls29\">31<span class=\"_ _43\"></span>.5 </span>Other investments and other r<span class=\"_ _92\"></span>eceivables <span class=\"_ _262\"> </span><span class=\"fc4 ls0 ws0\">523.2 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">538.1 </span></span>Other receivables from derivativ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> financial instruments<span class=\"_ _333\"> </span>2 <span class=\"_ _194\"> </span><span class=\"fc4\">454.9 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">405.8 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _295\"> </span><span class=\"fc4 ls18\">1,425.3 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,382.7<span class=\"_ _333\"> </span></span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>Investments \u2013 <span class=\"_ _92\"></span>cross-border leasing and closed items on the balance sheet <span class=\"_ _1ad\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Securities (loan stock rights) under closed items on the balance sheet Other loans under closed items on the balance sheet To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _158\"> </span><span class=\"ls0 ws0\">67.7 <span class=\"_ _3\"> </span>309.2 <span class=\"_ _127\"> </span>376.9 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">4.0 <span class=\"_ _9c\"> </span>16.8 <span class=\"_ _de\"> </span>20.8 </span>Additions <span class=\"_ _cd\"> </span><span class=\"ls0\">2.7 <span class=\"_ _60\"> </span>3.5 <span class=\"_ _61\"> </span>6.2 </span>Capitalised interest <span class=\"_ _296\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _9c\"> </span>11.2 <span class=\"_ _de\"> </span>11.3 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>7.8 </span>Amortised acquisition <span class=\"ls22 ws62\">cost as at 31/1<span class=\"_ _43\"></span>2 <span class=\"_ _2f\"> </span><span class=\"ls49 ws0\">73.2 <span class=\"_ _53\"> </span><span class=\"ls31\">334.1 <span class=\"_ _16a\"> </span><span class=\"ls18\">407.3 </span></span></span></span>of which non-current assets <span class=\"_ _ce\"> </span><span class=\"ls0 ws0\">73.2 <span class=\"_ _3\"> </span>334.1 <span class=\"_ _127\"> </span>407.3<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>Investments \u2013 <span class=\"_ _92\"></span>cross-border leasing and closed items on the balance sheet <span class=\"_ _1ad\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Securities (loan stock rights) under closed items on the balance sheet Other loans under closed items on the balance sheet To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> 2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Amortised cost as at 1/1<span class=\"_ _92\"></span> <span class=\"_ _158\"> </span><span class=\"ls0 ws0\">60.7 <span class=\"_ _3\"> </span>279.3 <span class=\"_ _127\"> </span>340.0 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">4.8 <span class=\"_ _9c\"> </span>20.1 <span class=\"_ _de\"> </span>24.8 </span>Additions <span class=\"_ _cd\"> </span><span class=\"ls0\">2.6 <span class=\"_ _60\"> </span>4.8 <span class=\"_ _61\"> </span>7.4 </span>Capitalised interest <span class=\"_ _296\"> </span><span class=\"ls0 ws0\">0.1 <span class=\"_ _9c\"> </span>11.1 <span class=\"_ _de\"> </span>11.2 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>6.1 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.5 </span>Amortised acquisition <span class=\"ls22 ws62\">cost as at 31/1<span class=\"_ _43\"></span>2 <span class=\"_ _2f\"> </span><span class=\"ls18 ws0\">67.7 <span class=\"_ _125\"> </span>309.2 <span class=\"_ _3\"> </span>376.9 </span></span>of which non-current assets <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">67.7 <span class=\"_ _3\"> </span>309.2 <span class=\"_ _127\"> </span>376.9<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span>On 31 <span class=\"_ _87\"></span>D<span class=\"_ _43\"></span>ecember 2022, the securities<span class=\"ls19 ws4af\"> consisted of medium-term note<span class=\"ls7d ws30e\">s with a principal amount of </span></span>$75.3m (previous year: $74.0m) and an amortise<span class=\"ls79 ws190\">d cost of \u20ac73.2m (previous year: \u20ac67.7m). </span>Securities in the amount of \u20ac73.2m (previous <span class=\"ls80\">year: \u20ac67.7m) and loans in the amount of \u20ac334.1m </span>(previous year: \u20ac309.2m) are pledged<span class=\"ls0 ws99d\">. The securities and loans all <span class=\"ls80 wsa5e\">serve banks as collateral for </span></span>borrowin<span class=\"_ _92\"></span>gs.<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls14f ws45b gs9d9\">Other investments and non-cu<span class=\"_ _43\"></span>rrent other receivables  <span class=\"_ _18a\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gs9da\">Loans to </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs9db\">affiliated </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws5a7 gs9dc\">companies \u2013 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs9dd\">not included </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws5a7 gs9de\">in the basis of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws321 gs9df\">consolidation  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gs9e0\">Loans to </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls246 ws0 gs9e1\">inves<span class=\"_ _43\"></span>t<span class=\"_ _43\"></span>ees<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs9e2\">Securities </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs9e3\">(loan stock </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs9e4\">rights) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs9e5\">Other loans <span class=\"_ _1d1\"> </span><span class=\"ls16b ws0\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs9e6\">2022 <span class=\"_ _30\"> </span><span class=\"ls31\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _9c\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs9e7\">Cost as at 1/1 <span class=\"_ _27\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _4a\"> </span>24.6 <span class=\"_ _68\"> </span>148.8 <span class=\"_ _a3\"> </span>5.6 <span class=\"_ _24\"> </span>179.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs9e8\">Additions from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs9e9\">business acquisitions <span class=\"_ _199\"> </span><span class=\"ls0 ws0\">1.2 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _6c\"> </span>1.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs9ea\">Additions <span class=\"_ _70\"> </span><span class=\"ls0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _66\"> </span>32.4 <span class=\"_ _a3\"> </span>0.1 <span class=\"_ _2c\"> </span>32.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs9eb\">Reclassifications <span class=\"_ _2e\"> </span><span class=\"ls0\">1.5 <span class=\"_ _4a\"> </span>34.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _2c\"> </span>36.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls74 wsac9 gs9ec\">Cost as at 31/12 <span class=\"_ _186\"> </span><span class=\"ls18 ws0\">2.7 <span class=\"_ _4b\"> </span>59.1 <span class=\"_ _23\"> </span>181.2 <span class=\"_ _15f\"> </span>5.7 <span class=\"_ _b8\"> </span>248.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs9ed\">Accumulated value adjustments <span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs9ee\">as at 1/1 <span class=\"_ _74\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _fd\"> </span>\u2013<span class=\"fsa\"> </span>10.4 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _1b3\"> </span>\u2013<span class=\"fsa\"> </span>10.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs9ef\">Impairment losses <span class=\"_ _11d\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4b\"> </span>\u2013<span class=\"fsa\"> </span>9.1 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4f\"> </span>\u2013<span class=\"fsa\"> </span>9.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs9f0\">Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _fe\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _a3\"> </span>0.5 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _6c\"> </span>0.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs9f1\">Disposals <span class=\"_ _1e1\"> </span><span class=\"ls0\">0.0 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4b\"> </span>\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _a3\"> </span>0.0 <span class=\"_ _4f\"> </span>\u2013<span class=\"fsa\"> </span>1.3 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs9f2\">Accumulated value adjustment<span class=\"_ _92\"></span>s  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gs9f3\">as at 31/12 <span class=\"_ _73\"> </span><span class=\"ls18 ws0\">0.0<span class=\"_ _92\"></span> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _24\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">20.3 <span class=\"_ _15f\"> </span></span></span>0.0 <span class=\"_ _11c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">20.3 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gs9f4\">Net carrying amount as at 31/12 <span class=\"_ _130\"> </span><span class=\"ls18 ws0\">2.7 <span class=\"_ _4b\"> </span>59.1 <span class=\"_ _fd\"> </span>160.9 <span class=\"_ _6a\"> </span>5.7 <span class=\"_ _1b3\"> </span>228.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs9f5\">Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _138\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _4a\"> </span>24.6 <span class=\"_ _10f\"> </span>138.4 <span class=\"_ _a3\"> </span>5.6 <span class=\"_ _24\"> </span>168.7 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs9f6\">Net carrying amount of other non-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gs9f7\">current receivables as at 31/12<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gs9f8\">1</div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs9f9\"> <span class=\"_ _6b\"> </span><span class=\"ls31\">  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">341.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs9fa\">Net carrying amount of other non-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs9fb\">current receivables as at 1/1<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs9fc\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs9fd\"> <span class=\"_ _1d8\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _1cd\"> </span>424.7 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws5a7 gs9fe\">T<span class=\"_ _14\"></span>otal net carrying amount  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gs9ff\">as at 31/12 <span class=\"_ _178\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _de\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">569.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gsa00\">T<span class=\"_ _14\"></span>otal net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _1d4\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _18d\"> </span>  <span class=\"_ _1cd\"> </span>593.4 </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsa01\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls1cd wsa89 gsa02\"> incl. the carr<span class=\"_ _43\"></span>ying amoun<span class=\"_ _43\"></span>t of interest<span class=\"_ _43\"></span> rate swaps \u2013 <span class=\"_ _43\"></span>closed items<span class=\"_ _43\"></span> on balan<span class=\"_ _43\"></span>ce sheet; ex<span class=\"_ _43\"></span>cl. other non<span class=\"_ _43\"></span>-current r<span class=\"_ _43\"></span>eceivables from<span class=\"_ _43\"></span> der<span class=\"ls4d ws4f\">iva<span class=\"_ _43\"></span>tive finan<span class=\"_ _43\"></span>cial instru<span class=\"_ _43\"></span>ment<span class=\"_ _333\"> </span></span><span class=\"ls4d ws4f\">s<span class=\"_ _333\"> </span></span><span class=\"ls4d ws4f\"> </span></div>Other investments and non-cu<span class=\"_ _43\"></span>rrent other receivables<span class=\"_ _333\"> </span>1  <span class=\"_ _100\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Loans to inves<span class=\"_ _43\"></span>t<span class=\"_ _43\"></span>ees<span class=\"_ _43\"></span> Securities (loan stock rights) Other loans <span class=\"_ _59\"> </span><span class=\"ls16b ws0\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _81\"></span> </span>2021 <span class=\"_ _c3\"> </span><span class=\"ls0\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _60\"> </span>  <span class=\"_ _24c\"> </span>  <span class=\"_ _61\"> </span>  </span></span>Cost as at 1/1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _4b\"> </span>73.7 <span class=\"_ _2c\"> </span>147.5 <span class=\"_ _53\"> </span>5.4 <span class=\"_ _66\"> </span>226.8 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _157\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>7.1 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>7.1 </span>Additions <span class=\"_ _ae\"> </span><span class=\"ls0\"> <span class=\"_ _6a\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.2 <span class=\"_ _127\"> </span>0.2 </span>Disposals <span class=\"_ _99\"> </span><span class=\"ls0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>1.5 </span>Reclassifications <span class=\"_ _34\"> </span><span class=\"ls0\"> <span class=\"_ _24\"> </span>\u2013<span class=\"fsa\"> </span>49.1 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>4.3 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>53.4 </span>Cost as at 31/12 <span class=\"_ _2f\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _2c\"> </span><span class=\"ls18\">24.6<span class=\"_ _92\"></span> <span class=\"_ _4f\"> </span>148.8 <span class=\"_ _53\"> </span>5.6 <span class=\"_ _26\"> </span>179.1 </span></span>Accumulated value adjustments as <span class=\"_ _92\"></span>at 1/1 <span class=\"_ _8\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _119\"> </span>\u2013<span class=\"fsa\"> </span>18.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>18.5 </span>Rev<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rsal of impairment losses<span class=\"_ _92\"></span> <span class=\"_ _58\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>5.6 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2\"> </span>5.6 </span>Fair value measuremen<span class=\"_ _92\"></span>t in OCI <span class=\"_ _b5\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>0.9 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>0.9 </span>Disposals <span class=\"_ _99\"> </span><span class=\"ls0\"> <span class=\"_ _15f\"> </span>0.0 <span class=\"_ _3\"> </span>1.6 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _2\"> </span>1.6 </span>Accumulated value adjustment<span class=\"_ _92\"></span>s as at 31/12 <span class=\"_ _a8\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _6a\"> </span><span class=\"ls18\">0.0 <span class=\"_ _1d1\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">10.4 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _4f\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">10.4 </span></span>Net carrying amount as at 31/12 <span class=\"_ _e3\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _2c\"> </span><span class=\"ls18\">24.6 <span class=\"_ _119\"> </span>138.4 <span class=\"_ _125\"> </span>5.6 <span class=\"_ _2c\"> </span>168.7 </span></span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _19f\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _4b\"> </span>73.7 <span class=\"_ _2c\"> </span>129.0 <span class=\"_ _53\"> </span>5.4 <span class=\"_ _66\"> </span>208.2 </span>Net carrying amount of other non- current receivables as at 31/12<span class=\"_ _333\"> </span>2 <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _24c\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _10d\"> </span><span class=\"ls18\">424.7 </span></span>Net carrying amount of other non- current receivables as at 1/1<span class=\"_ _333\"> </span>2 <span class=\"_ _123\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _119\"> </span>146.4 T<span class=\"_ _14\"></span>otal net carrying amount as at 31/12 <span class=\"_ _a5\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _123\"> </span><span class=\"ls31\">  <span class=\"_ _24c\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _10d\"> </span><span class=\"ls49\">593.4 </span></span></span>T<span class=\"_ _14\"></span>otal net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _55\"> </span><span class=\"ls0 ws0\"> <span class=\"_ _130\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _60\"> </span>  <span class=\"_ _119\"> </span>354.7 </span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. // 2 incl. the car<span class=\"_ _43\"></span>rying amount o<span class=\"_ _43\"></span>f interest ra<span class=\"_ _43\"></span>te swaps \u2013 cl<span class=\"_ _43\"></span>osed items <span class=\"_ _43\"></span>on balance <span class=\"_ _43\"></span>sheet;  excl. other non-c<span class=\"_ _92\"></span>urrent receivables from deriva<span class=\"_ _92\"></span>tive financial instruments<span class=\"_ _333\"> </span> Securities in the amount of \u20ac160.9m (previous year:<span class=\"ls46 ws466\"> \u20ac138.4m) primarily includ<span class=\"ls71 ws1fa\">e shar<span class=\"_ _92\"></span>es of investment </span></span>funds to co<span class=\"_ _92\"></span>ver employee benefit oblig<span class=\"_ _92\"></span>ations and were clas<span class=\"_ _92\"></span>sified as measured at fair value <span class=\"_ _92\"></span>through profit or loss.<span class=\"_ _333\"> </span>Non-curr<span class=\"_ _92\"></span>ent receivables from deriva<span class=\"_ _92\"></span>tive financial in<span class=\"ls265 ws9ce\">str<span class=\"_ _43\"></span>ume<span class=\"_ _43\"></span>nts<span class=\"_ _43\"></span> in th<span class=\"_ _43\"></span>e fi<span class=\"_ _43\"></span>nance<span class=\"_ _43\"></span> area c<span class=\"_ _43\"></span>onta<span class=\"_ _43\"></span>in de<span class=\"_ _43\"></span>rivat<span class=\"_ _43\"></span>ive </span>financial instruments measured at fair value i<span class=\"_ _92\"></span>n <span class=\"ls0 ws5aa\">the amount of \u20ac31.5m (previous year: \u20ac70.3m) which </span>relate to financial liabilities un<span class=\"ls76 ws836\">der closed items on the balance she<span class=\"_ _92\"></span>et. Furthermor<span class=\"_ _92\"></span>e, this item also </span>includes the no<span class=\"_ _92\"></span>n-current portion o<span class=\"_ _92\"></span>f the positive fair values of in<span class=\"_ _92\"></span>terest rat<span class=\"_ _92\"></span>e swaps held to <span class=\"_ _0\"></span>hedge the inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st rate risk as<span class=\"_ _92\"></span>sociated with financial liabilities (\u20ac36.2m; previous year: \u20ac0.0m).  Curr<span class=\"_ _92\"></span>ent receivab<span class=\"_ _92\"></span>les from derivative financial<span class=\"_ _92\"></span> instruments in the finance ar<span class=\"_ _92\"></span>ea include the current portion of p<span class=\"_ _43\"></span>ositive fair value<span class=\"_ _43\"></span>s of interest rate swaps <span class=\"ls74 ws32f\">held to hedge the in<span class=\"_ _92\"></span>terest ra<span class=\"_ _92\"></span>te risk associated with </span>financial lia<span class=\"_ _92\"></span>b<span class=\"_ _43\"></span>ilities (\u20ac8.3 million; pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: other liability: \u20ac5.9m).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "4.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 wsb2b\">Intangible assets<span class=\"_ _333\"> </span></span>Other inta<span class=\"_ _92\"></span>ngible assets In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _8a\"></span>38, purchased intan<span class=\"_ _92\"></span>gible assets are measur<span class=\"_ _92\"></span>ed at cost less straig<span class=\"_ _92\"></span>ht-line amortisation and an<span class=\"_ _0\"></span>y impairment los<span class=\"_ _92\"></span>ses if their useful life is not classified as indefinite. T<span class=\"_ _92\"></span>he useful lives are main<span class=\"_ _92\"></span>ly between 10 and 20 years. Softw<span class=\"_ _92\"></span>are is amortised over fo<span class=\"_ _92\"></span>ur years.<span class=\"_ _333\"> </span> Depreciation<span class=\"_ _92\"></span> charges on deprecia<span class=\"_ _92\"></span>ble property, plant and equipm<span class=\"_ _92\"></span>ent are based on the expect<span class=\"_ _92\"></span>ed useful lives of its components. Specifically, the following<span class=\"_ _43\"></span> useful lives are applied:  Useful life In year<span class=\"_ _92\"></span>s Residential, office, plant and other plant facilities <span class=\"_ _e1\"> </span><span class=\"ls0 ws0\">10\u2013<span class=\"fsa\"> </span>50 </span>Hydroplant buildings <span class=\"_ _26d\"> </span><span class=\"ls0 ws0\">20\u2013<span class=\"fsa\"> </span>100 </span>Gas pipelines <span class=\"_ _26e\"> </span><span class=\"ls0 ws0\">30 </span>Machinery <span class=\"_ _26f\"> </span><span class=\"ls0\">10\u2013<span class=\"fsa\"> </span>80 </span>Electrical installations <span class=\"_ _270\"> </span><span class=\"ls0 ws0\">3\u2013<span class=\"fsa\"> </span>50 </span>P<span class=\"_ _92\"></span>ower lines <span class=\"_ _271\"> </span><span class=\"ls0 ws0\">50 </span>Office and plant equipment<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ls0 ws0\">4\u2013<span class=\"fsa\"> </span>10  </span>The expected useful<span class=\"_ _92\"></span> life of hydro<span class=\"_ _92\"></span>power plants is determined independ<span class=\"_ _92\"></span>ently from the t<span class=\"_ _92\"></span>erms of water rights permits<span class=\"_ _92\"></span> because it is pr<span class=\"_ _92\"></span>esumed that these <span class=\"_ _92\"></span>pe<span class=\"ls74 ws111\">rmits will be reissu<span class=\"_ _92\"></span>ed when they expire<span class=\"_ _92\"></span>. Based on </span>experience, this<span class=\"_ _92\"></span> also applies for those Bav<span class=\"_ _92\"></span>arian run-of<span class=\"ls76 ws354\">-river power plants with existin<span class=\"_ _0\"></span>g reversi<span class=\"_ _92\"></span>on rights </span>for the benefit of the Fr<span class=\"_ _92\"></span>ee State of B<span class=\"_ _92\"></span>avaria. The expected useful<span class=\"_ _92\"></span> life of the Jochens<span class=\"_ _92\"></span>tein power plant on the Danube was also determined independently of the ex<span class=\"lsbc ws467\">isting obligation to r<span class=\"_ _92\"></span>eturn the power plant in 2050 </span>(see section <span class=\"_ _92\"></span>8.2 Non-curr<span class=\"_ _92\"></span>ent other liabilities), sin<span class=\"_ _92\"></span>ce it is expected that VERBU<span class=\"_ _92\"></span>ND will also be the owner and operator of the Jochenstein power pl<span class=\"ls78 ws184\">an<span class=\"_ _92\"></span>t on the Danube even after the year 2050. </span>In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _85\"></span>36, the r<span class=\"_ _92\"></span>ecoverability o<span class=\"_ _92\"></span>f property, plant and equipmen<span class=\"_ _92\"></span>t is tested when indicators o<span class=\"_ _92\"></span>f impairment are identified (see sect<span class=\"lsb4 ws2b6\">ion 4.4 Impairment of non-financial assets).</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-35": {
   "value": "Research<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>and dev<span class=\"_ _92\"></span>elopment costs Development costs were ca<span class=\"_ _92\"></span>pitalised <span class=\"ls63 ws632\">in the amount of \u20ac10.2m (previous <span class=\"ls78 ws4a9\">year: \u20ac2.4m) in accordance with </span></span>IAS <span class=\"_ _92\"></span>38. E<span class=\"_ _43\"></span>xpenses for research in the total amo<span class=\"_ _92\"></span>unt of<span class=\"ls63 ws551\"> \u20ac10.2m (previous year<span class=\"_ _43\"></span>: \u20ac11.3m) were r<span class=\"_ _0\"></span>ecognised in </span>profit or loss in the 2022 re<span class=\"_ _0\"></span>porting period. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-36": {
   "value": "Emission rights Emission rights are accounted <span class=\"_ _92\"></span>for in <span class=\"lsa2 wsa0d\">accordance with the accoun<span class=\"_ _92\"></span>ting policies set out in IAS <span class=\"_ _80\"></span>38, IAS <span class=\"_ _14\"></span>20 </span>and IAS <span class=\"_ _85\"></span>37. Emission<span class=\"_ _92\"></span> rights are recognised a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> fair value (all<span class=\"_ _92\"></span>owances allotted without exchan<span class=\"_ _92\"></span>ge of consideration) or at cost (<span class=\"_ _43\"></span>purchased allowances).<span class=\"ls33 ws6ff\"> For em<span class=\"_ _92\"></span>ission rights allotted without ex<span class=\"_ _92\"></span>change of </span>consideration<span class=\"_ _92\"></span>, an item of deferred income is recognised in<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he amount of their fair<span class=\"_ _92\"></span> value for the grant received tha<span class=\"_ _92\"></span>t is then reversed to pr<span class=\"_ _92\"></span>ofit or loss <span class=\"ls81 ws577\">under fuel expenses when th<span class=\"_ _92\"></span>e emission rights ar<span class=\"_ _92\"></span>e used, </span>amortised or sold. The obl<span class=\"_ _92\"></span>igation to r<span class=\"_ _92\"></span>eturn is taken into accoun<span class=\"_ _92\"></span>t by means of another<span class=\"_ _92\"></span> liability. If cover is insufficient, VERB<span class=\"_ _92\"></span>UND recognises an additional pro<span class=\"_ _92\"></span>vision in the amount of the fair value of the mis<span class=\"_ _92\"></span>sing emission rights<span class=\"_ _92\"></span>.  Emission rights<span class=\"_ _92\"></span> held for trading b<span class=\"_ _92\"></span>y VERBUND are me<span class=\"_ _92\"></span>asured through pr<span class=\"_ _92\"></span>ofit or loss under o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her revenu<span class=\"_ _0\"></span>e. Acco<span class=\"_ _92\"></span>rding to the br<span class=\"_ _92\"></span>okerage exemp<span class=\"_ _92\"></span>tion for raw ma<span class=\"_ _92\"></span>terials and commodity dealers, t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e measurement benchmark is fair value less costs to sell.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmissionRightsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-564": {
   "value": "Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>Concessions, rights, licences Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span>2022 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">265.8 <span class=\"_ _3\"> </span>855.3 <span class=\"_ _59\"> </span>1,121.1 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">618.0 <span class=\"_ _3\"> </span>172.6 <span class=\"_ _2\"> </span>790.7 </span>Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">46.3 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>46.3 </span>Disposals <span class=\"_ _26a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>11.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _16a\"> </span>\u2013<span class=\"fsa\"> </span>11.4 </span>Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">3.7 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>3.7 </span>Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">922.5 <span class=\"_ _66\"> </span>1,027.9 <span class=\"_ _a5\"> </span>1,950.4 </span>Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">144.5 <span class=\"_ _3\"> </span>187.9 <span class=\"_ _127\"> </span>332.4 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _149\"> </span><span class=\"ls0 ws0\">227.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _127\"> </span>227.0 </span>Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">16.8 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>16.8 </span>Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">2.2 <span class=\"_ _3\"> </span>133.5 <span class=\"_ _2\"> </span>135.7 </span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.4 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.4 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>5.7 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>5.7 </span>Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">384.2 <span class=\"_ _125\"> </span>321.4 <span class=\"_ _3\"> </span>705.6 </span>Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">538.2 <span class=\"_ _125\"> </span>706.5 <span class=\"_ _a5\"> </span>1,244.8 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _22\"> </span><span class=\"ls0 ws0\">121.3 <span class=\"_ _3\"> </span>667.4 <span class=\"_ _127\"> </span>788.7 </span>Intangible assets<span class=\"_ _92\"></span> <span class=\"_ _e4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _26c\"> </span><span class=\"ff2f ls60\">Concessions, </span>rights, licences Goodwill <span class=\"_ _133\"> </span><span class=\"ls16b\">To<span class=\"_ _81\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _63\"></span>l<span class=\"_ _81\"></span> </span>2021 <span class=\"_ _df\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _96\"> </span>  </span>Cost as at 1/1 <span class=\"_ _5e\"> </span><span class=\"ls0 ws0\">183.0 <span class=\"_ _3\"> </span>766.8 <span class=\"_ _127\"> </span>949.8 </span>Foreign e<span class=\"_ _92\"></span>xchange differences <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _144\"> </span><span class=\"ls0 ws0\">63.4 <span class=\"_ _12b\"> </span>88.5 <span class=\"_ _127\"> </span>151.9 </span>Additions <span class=\"_ _e9\"> </span><span class=\"ls0\">25.5 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>25.5 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>6.9 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.9 </span>Reclassifications  <span class=\"_ _af\"> </span><span class=\"ls0 ws0\">0.9 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>0.9 </span>Cost as at 31/12 <span class=\"_ _139\"> </span><span class=\"ls18 ws0\">265.8 <span class=\"_ _125\"> </span>855.3 <span class=\"_ _132\"> </span>1,121.1<span class=\"_ _92\"></span> </span>Accumulated amortisation as at 1/<span class=\"_ _92\"></span>1 <span class=\"_ _72\"> </span><span class=\"ls0 ws0\">102.5 <span class=\"_ _3\"> </span>179.1 <span class=\"_ _127\"> </span>281.7 </span>Change in the basis of consolidation <span class=\"_ _31\"> </span><span class=\"ls0 ws0\">37.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _de\"> </span>37.4 </span>Depreciation <span class=\"_ _24e\"> </span><span class=\"ls0\">12.4 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _de\"> </span>12.4 </span>Impairment losses <span class=\"_ _c5\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _24c\"> </span>8.8 <span class=\"_ _61\"> </span>8.8 </span>Reversals of impai<span class=\"_ _92\"></span>rment losses <span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6.6 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>6.6 </span>Disposals <span class=\"_ _26b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>1.2 </span>Accumulated amortisation as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31/12 <span class=\"_ _24a\"> </span><span class=\"ls18 ws0\">144.5 <span class=\"_ _125\"> </span>187.9 <span class=\"_ _3\"> </span><span class=\"ls31\">332.4 </span></span>Net carrying amount as at 31/12 <span class=\"_ _ab\"> </span><span class=\"ls18 ws0\">121.3 <span class=\"_ _125\"> </span>667.4 <span class=\"_ _3\"> </span>788.7 </span>Net carrying amount as at 1<span class=\"_ _92\"></span>/1 <span class=\"_ _a0\"> </span><span class=\"ls0 ws0\">80.5 <span class=\"_ _3\"> </span>587.7 <span class=\"_ _127\"> </span>668.1<span class=\"_ _333\"> </span></span>4.4.1 Impairment testin<span class=\"_ _92\"></span>g of goodwill<span class=\"_ _333\"> </span> For the purpose of impairment test<span class=\"_ _43\"></span>ing, VERBUND\u2019<span class=\"_ _92\"></span><span class=\"ls77 wsb41\">s goodw<span class=\"_ _43\"></span>ill was allocated to the following cash<span class=\"_ _43\"></span>-<span class=\"_ _333\"> </span></span>genera<span class=\"_ _0\"></span>ting units or gr<span class=\"_ _92\"></span>oups of cash-genera<span class=\"_ _92\"></span>ting units<span class=\"_ _43\"></span>: Goodwill<span class=\"_ _92\"></span> <span class=\"_ _283\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Hydro segment<span class=\"_ _92\"></span> <span class=\"_ _284\"> </span><span class=\"fc4 ls0 ws0\">287.0 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">287.0 </span></span>Sales segment <span class=\"_ _24d\"> </span><span class=\"fc4 ls0 ws0\">13.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>3.0 </span></span>Inn River po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _26b\"> </span><span class=\"fc4 ls0 ws0\">126.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">126.6 </span></span>Grenzkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _4\"> </span><span class=\"fc4 ls0 ws0\">161.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">161.1 </span></span>Gas Connect Austria <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">39.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG <span class=\"_ _ed\"> </span><span class=\"fc4 ls0 ws0\">40.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">40.5 </span></span>Spanish renewa<span class=\"_ _92\"></span>bles portfolio<span class=\"_ _333\"> </span>1 <span class=\"_ _285\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">78.4 </span>Goodwill <span class=\"_ _286\"> </span><span class=\"fc4 ls18\">667.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">706.6</span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span>1 Details regardin<span class=\"_ _92\"></span>g the goodwill recognised for the first time i<span class=\"_ _92\"></span>n<span class=\"_ _43\"></span> the 2022 reporting perio<span class=\"_ _92\"></span>d can be found in the section entitled<span class=\"ls144 wsb43\"> Business acquisition<span class=\"_ _43\"></span>s<span class=\"_ _333\"> </span></span><span class=\"ls144 wsb43\">.<span class=\"_ _333\"> </span></span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Hy<span class=\"_ _92\"></span>dro segment <span class=\"_ _f6\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls21 ws22\">Average <span class=\"_ _92\"></span>expected generation of the </span>respective power plant<span class=\"_ _92\"></span>s Average expected generation of the respective power plants Price <span class=\"_ _209\"> </span><span class=\"fc4 ls1e ws63\">Internal price fore<span class=\"_ _92\"></span>casts and power  </span>plant-specific premiums or discounts  (for example, the <span class=\"_ _92\"></span>sale of guarantees of origin) Internal price forecasts and power  plant-specific premiums or discounts  (for example, the sale of guarantees of origin) Planning period<span class=\"_ _333\"> </span>1 <span class=\"_ _39\"> </span><span class=\"fc4 ls1c ws1d\">Detailed planning phase: up <span class=\"_ _92\"></span>to a maximum </span>of 6 years depending on the specific  power plant; rough plannin<span class=\"_ _92\"></span>g phase: up to  a maximum of 23 years depending on the specific power plant; <span class=\"ls149 wsb44\">subsequent termina<span class=\"_ _43\"></span>l </span>value phase following<span class=\"ls62 ws64\"> rough planni<span class=\"_ _92\"></span>ng  </span>phase depending on the s<span class=\"_ _92\"></span>pecific  power plant Detailed planning phase: up to a maximum of 6 years depending on the sp<span class=\"_ _92\"></span>ecific power plant; rough planning phase: up to a maximum of 32 years depending on the specific power plant; subsequent terminal value phase following rough planning phase depending on the specific  power plant Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4\">WACC: 4.00 % to 8.50 %  </span>depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>WACC: 5.75 % to 12.50 %  depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The planning peri<span class=\"_ _92\"></span>od was extended to 2060 due to the avai<span class=\"_ _92\"></span>lability of price curves.<span class=\"_ _92\"></span> // 2 The iterativel<span class=\"_ _43\"></span>y calcula<span class=\"_ _43\"></span>ted implicit pre-tax<span class=\"_ _43\"></span> interest r<span class=\"_ _43\"></span>ate was 6.43 %\u2013<span class=\"fsa ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls16c ws6d7\">13.79 % (previ<span class=\"_ _92\"></span>ous year: </span>4.82 %\u2013 <span class=\"fsc ls42 ws40\">9.37 %). //<span class=\"_ _92\"></span> </span>3 Management <span class=\"_ _43\"></span>believes th<span class=\"_ _43\"></span>e carrying a<span class=\"_ _43\"></span>mount of the<span class=\"_ _43\"></span> Hydro se<span class=\"_ _43\"></span>gment\u2019s assets<span class=\"_ _43\"></span> includin<span class=\"_ _43\"></span>g goodwill <span class=\"_ _43\"></span>will not exce<span class=\"_ _43\"></span>ed the r<span class=\"_ _43\"></span>ecoverable a<span class=\"_ _43\"></span>moun<span class=\"ls137 wsb46\">t as a r<span class=\"_ _43\"></span>esult of p<span class=\"_ _43\"></span>otential </span>changes in the key measurement assumptions<span class=\"_ _333\"> </span>mpairment testing <span class=\"_ _92\"></span>of goodwill for the Sal<span class=\"_ _92\"></span>es segment <span class=\"_ _cf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All of VERBUND\u2019s sales activities  plus goodwill All of VERBUND\u2019s sales activities  plus goodwill Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls33 ws30\">Expected tr<span class=\"_ _92\"></span>ading and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Price <span class=\"_ _209\"> </span><span class=\"fc4 ls33 ws30\">Expected tradin<span class=\"_ _92\"></span>g and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1e ws1f\">Detailed planning phase of 6 years  </span>followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase of 6 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Expected trading and dis<span class=\"_ _92\"></span>tribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins Expected trading and distribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls59 ws5a\">WACC after taxes (4.00 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls5b ws5c\">4.25 %)<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _fd\"> </span><span class=\"ff2f fc0 ls33 ws91c\">WACC after taxes (5.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1aa wsb48\">6.25 %)<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 8<span class=\"_ _43\"></span>.46 % (previou<span class=\"_ _43\"></span>s year: 5<span class=\"_ _43\"></span>.60 %). // 2 Management bel<span class=\"_ _43\"></span>ieves the carryin<span class=\"_ _43\"></span>g amount of<span class=\"_ _43\"></span> the Sales segmen<span class=\"_ _43\"></span>t\u2019s assets including g<span class=\"_ _43\"></span>oodwill will n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recovera<span class=\"_ _43\"></span>ble amoun<span class=\"_ _43\"></span>t as a result<span class=\"_ _43\"></span> of potent<span class=\"_ _43\"></span>ial changes <span class=\"_ _43\"></span>in the key m<span class=\"_ _43\"></span>easuremen<span class=\"_ _43\"></span>t assumpti<span class=\"_ _43\"></span>ons<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> Impairment testing <span class=\"_ _92\"></span>of goodwill for t<span class=\"_ _92\"></span>he Inn River pow<span class=\"_ _92\"></span>er plant group<span class=\"_ _92\"></span> <span class=\"_ _37\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that f<span class=\"_ _43\"></span>urther<span class=\"_ _43\"></span>more  each represent a <span class=\"_ _0\"></span>cash-generating u<span class=\"_ _0\"></span>nit,  plus goodwill and de<span class=\"ls61 ws62\">ferred tax accruals </span>Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that furthermore  each represent a cash-generating unit,  plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls60 ws61\">VERBUND Innkraftwerke GmbH budgets  </span>(based mainly on near-marke<span class=\"_ _92\"></span>t data) VERBUND Innkraftwerke GmbH budgets  (based mainly on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls46 ws45\">Annual output correspondin<span class=\"_ _92\"></span>g to the  </span>mean energy capability of 1,855 or 1,994 GWh (after conclusion of the T\u00f6ging modernisation proj<span class=\"_ _92\"></span>ect) Annual output corresponding to the  mean energy capability of 1,994 GWh  (after conclusion of the T\u00f6ging modernisation project) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration of the  water charges based on<span class=\"lsca ws25c\"> official notices; </span>estimate of the m<span class=\"_ _92\"></span>aintenance costs by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the  water charges based on offi<span class=\"_ _92\"></span>cial notices; estimate of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>2 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.00 %<span class=\"_ _333\"> </span></span>3 <span class=\"_ _288\"> </span><span class=\"ff2f fc0 ls46 ws2b\">WACC: 5.75 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The Inn River p<span class=\"_ _43\"></span>ower plant g<span class=\"_ _43\"></span>roup comprises<span class=\"_ _43\"></span> the followin<span class=\"_ _43\"></span>g run-of-river<span class=\"_ _43\"></span> power pla<span class=\"_ _43\"></span>nts: Aubach, Fe<span class=\"_ _43\"></span>ldkirchen, <span class=\"_ _43\"></span>Gars, Jettenbach<span class=\"_ _43\"></span> II, N<span class=\"ws9ee\">eu\u00f6ttin<span class=\"_ _43\"></span>g, Perach, Rosenh<span class=\"_ _43\"></span>eim, Stammh<span class=\"_ _43\"></span>am, </span>Teufelsbruc<span class=\"_ _43\"></span>k, T\u00f6ging, W<span class=\"_ _43\"></span>asserbur<span class=\"_ _43\"></span>g. // 2 The planning period wa<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>extended to 2060 due<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>o the availabili<span class=\"_ _92\"></span>ty <span class=\"_ _43\"></span>of price curves. //<span class=\"_ _92\"></span> 3 The iterat<span class=\"_ _43\"></span>ively calcu<span class=\"_ _43\"></span>lated implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest rate<span class=\"_ _43\"></span> was 7.71 % (previ<span class=\"_ _92\"></span>ous year: 4.82 %). // 4 Management believes the carrying amount of the Inn River power plant group\u2019s asse<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> including goodwill will not exceed the recoverable<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>mount as a result of po<span class=\"_ _92\"></span>tential <span class=\"ls1f5 wsaeb\">changes in the key <span class=\"_ _43\"></span>measurement assumptions<span class=\"_ _333\"> </span></span><span class=\"ls1f5 wsaeb\">.<span class=\"_ _333\"> </span></span><span class=\"ls1f5 wsaeb\"> </span>Impairment testing of good<span class=\"_ _92\"></span>will for the Grenzkraftw<span class=\"_ _92\"></span>erke po<span class=\"_ _92\"></span>wer plant group<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of th<span class=\"_ _92\"></span>e Grenzkraftwerke power plant gro<span class=\"_ _92\"></span>up<span class=\"_ _333\"> </span>2 that each represent a cash-g<span class=\"_ _92\"></span>enerating unit, plus goodwill and deferre<span class=\"ls1a ws256\">d tax accruals </span>Run-of-river power plants of the Grenzkraftwerke power plant group<span class=\"_ _333\"> </span>2 that each represent a cash-generating unit, plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws792\">Grenzkraftwerke Gm<span class=\"ls106 ws35e\">bH\u2019s budgets  </span></span>(based primarily on near-market data) Grenzkraftwerke GmbH\u2019s budgets  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls60 ws61\">Annual output correspondin<span class=\"_ _92\"></span>g to the mean </span>energy capability of 3,957 GWh Annual output corresponding to the mean energy capability of 3,957 or 4,007 GWh (after completing measures to increase efficiency at Ering-Frauenstein) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the water charges based on official notices; estimate of the maintenance co<span class=\"_ _92\"></span>sts by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the water charges based on off<span class=\"_ _92\"></span>ici<span class=\"ls46 ws2b\">al notices; estimate </span>of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>3 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls62 ws64\">Austria: WACC: 4.25 %<span class=\"_ _333\"> </span></span>4<span class=\"_ _333\"> </span>Germany: WACC: 4.00 % Austria: WACC: 6.25 %<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>Germany: WACC: 5.75 % Impairment loss  during the period<span class=\"_ _333\"> </span>5<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The following notes relate to the second step of the two-step <span class=\"ls4f ws51\">impairment test of the Gr<span class=\"_ _43\"></span>enzkraftwer<span class=\"_ _43\"></span>ke power plan<span class=\"_ _43\"></span>t group. The r<span class=\"_ _43\"></span>e<span class=\"ls4e ws50\">coverabil<span class=\"_ _43\"></span>ity of the in<span class=\"_ _43\"></span>dividual run<span class=\"_ _43\"></span>-of-river power<span class=\"_ _43\"></span> </span></span>plants was tested in the firs<span class=\"_ _43\"></span>t step. // 2 The Grenzkraftwerk<span class=\"_ _92\"></span>e <span class=\"_ _43\"></span>power plant gro<span class=\"_ _92\"></span>u<span class=\"_ _43\"></span>p comprises the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>following power pl<span class=\"_ _92\"></span>ants: Braunau-Simbach, Egglfing-Obe<span class=\"_ _92\"></span>rnberg, Ering-Frauens<span class=\"ls236 ws0\">tein, </span>Jochenstein, Nu\u00dfdorf, Oberaudorf-Ebbs, Passau-Ingling and<span class=\"_ _92\"></span> S<span class=\"_ _43\"></span>ch\u00e4rding-Neuhaus. // 3 The planning period wa<span class=\"_ _92\"></span>s extended to 2060 due to the availabili<span class=\"_ _92\"></span>ty of price curves. //  4 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 7<span class=\"_ _43\"></span>.98 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls238 wsb4f\">8.11 % (previous year: 5.<span class=\"_ _92\"></span>16 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls42 ws40\">5.24 %). // </span></span>5 According to management, the carrying amount of the Grenzkraftw<span class=\"_ _43\"></span>erke power <span class=\"_ _43\"></span>plant group\u2019s<span class=\"_ _43\"></span> assets (l<span class=\"_ _43\"></span>ess defer<span class=\"_ _43\"></span>red tax liabilit<span class=\"_ _43\"></span>ies) inc<span class=\"_ _43\"></span>luding goodw<span class=\"_ _43\"></span>ill does n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recoverable<span class=\"_ _43\"></span> a<span class=\"ls180 ws7db\">mount as a result of possible changes in key </span>measurement assumpt<span class=\"_ _43\"></span>ions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>I<span class=\"_ _333\"> </span>mpairment testing <span class=\"_ _92\"></span>of goodwill for Gas C<span class=\"_ _92\"></span>onnect Austria<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Group of  cash-generating units Gas Connect Austria GmbH (GCA),  Austrian Gas Grid Management AG (AGGM), Trans Au<span class=\"_ _92\"></span>stria Gasleitung GmbH (TAG), profit par<span class=\"_ _92\"></span>ticipation right with respect to material assets of TAG plus goodwill  less deferred tax accruals Gas Connect Austria GmbH (GCA), Austrian Gas Grid Management AG (AGGM), Trans Austria<span class=\"ls37 ws26\"> Gasleitung GmbH </span>(TAG), profit participation right with respect to material assets of TAG plus goodwill less deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal<span class=\"_ _92\"></span> </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls1ab ws813\">GCA budgets <span class=\"_ _92\"></span> </span>(based primarily on near mark<span class=\"_ _92\"></span>et data) GCA budgets  (based primarily on <span class=\"lsca\">near market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls9c ws190\">Cap<span class=\"_ _43\"></span>acity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariffs published by t<span class=\"_ _92\"></span>he regulator <span class=\"_ _276\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by the </span></span>regulator Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years; <span class=\"_ _92\"></span> </span>rough planning phase: 23 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 22 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac852.7m <span class=\"_ _11f\"> </span><span class=\"ff2f fc0 ls18\">\u20ac7<span class=\"_ _92\"></span>04.6m </span></span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">8.8m <span class=\"_ _1a5\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls9c\">39.3m </span></span></span>1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the tw<span class=\"_ _43\"></span>o-step im<span class=\"_ _43\"></span>pairment tes<span class=\"_ _43\"></span>t of the Gas<span class=\"_ _43\"></span> Connect A<span class=\"_ _43\"></span>ustria g<span class=\"_ _43\"></span>roup of cas<span class=\"_ _43\"></span>h-g<span class=\"ls239 wsb51\">enerating units. In<span class=\"_ _43\"></span> the first step,<span class=\"_ _43\"></span> the </span>recoverabilit<span class=\"_ _43\"></span>y of the<span class=\"_ _43\"></span> GCA unit<span class=\"_ _43\"></span>s including<span class=\"_ _43\"></span> AGGM and t<span class=\"_ _43\"></span>he investm<span class=\"_ _43\"></span>ent<span class=\"ls235 wsb4c\"> in Trans Austria Gasleitung GmbH (TAG) was tested. TAG\u2019s asse<span class=\"ls1b5 ws91d\">t participation<span class=\"_ _43\"></span> right was mea<span class=\"_ _43\"></span>sured at f<span class=\"_ _43\"></span>air </span></span>value in accordan<span class=\"_ _43\"></span>ce with IFRS 9. /<span class=\"_ _43\"></span>/ 2 An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognise<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>in the 2022 report<span class=\"_ _92\"></span><span class=\"ls3d ws3b\">ing period in the amount of \u20ac16.8m as at 30 June 2022.<span class=\"_ _92\"></span> As at </span>31 December 2022, the i<span class=\"_ _92\"></span>mpairment recognised during the year i<span class=\"_ _92\"></span>ncreased to \u20ac39.3m<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2022   <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.1m </span>\u20ac+<span class=\"fsa\"> </span>9.9m Sensitivity analysis fo<span class=\"_ _92\"></span>r Gas Connect Austria 31/12/2021 <span class=\"_ _158\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate (Please refer to  the table above) <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">9.7m </span>\u20ac+<span class=\"fsa\"> </span>10.6m<span class=\"_ _333\"> </span>Impairment testing of good<span class=\"_ _92\"></span>will for SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls61 ws62\">SMATRICS GmbH &amp; Co KG,  </span>full-service provider for  electromobility charging solutions SMATRICS GmbH &amp; Co KG,  full-service provider for  electromobility charging solutions Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _257\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls34 ws32\">SMATRICS GmbH &amp; Co KG budgets  </span>(based primarily on near-market data) SMATRICS GmbH &amp; Co KG  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls5d ws5e\">Electric vehicle ramp-up <span class=\"_ _289\"> </span></span><span class=\"ff2f ls2b ws1f\">Electric vehicle ramp-up </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls33 ws30\">Charging rates <span class=\"_ _5c\"> </span></span><span class=\"ff2f ls20 ws25\">Charging rates </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 9 years plu<span class=\"_ _92\"></span>s </span>subsequent terminal value phase Detailed planning phase: 8 years plus subsequent terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electric vehicle ramp-up, discount rate <span class=\"_ _4d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Electric vehicle ramp-up, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 10.00 % <span class=\"_ _12a\"> </span></span><span class=\"ff2f ls33 ws91c\">WACC: 12.25 % </span>Impairment loss  during the period \u2013 <span class=\"_ _13\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"_ _333\"> </span></span><span class=\"ff2f fc0 ls0\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2022    <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span>12.25 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">2.7m </span>\u20ac+<span class=\"fsa\"> </span>2.1m Sensitivity analysis f<span class=\"_ _92\"></span>or SMA<span class=\"_ _92\"></span>TRICS GmbH &amp; Co K<span class=\"_ _92\"></span>G 31/12/2021  V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _149\"> </span><span class=\"ls37 ws36\">10.00 % <span class=\"_ _18d\"> </span><span class=\"ls59 ws5a\">\u00b1 0.25 PP </span></span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">3.8m </span>\u20ac+<span class=\"fsa\"> </span>3.8m<span class=\"_ _333\"> </span>Impairment test of the goodwill of the Spanish r<span class=\"_ _92\"></span>enewables portfolio<span class=\"_ _333\"> </span>1  <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Photovoltaic portfolios with a capac<span class=\"_ _43\"></span>ity of <span class=\"ls5d ws2d\">82.1 MWp in operation (Anselma Issuer, S.A. </span>and Topacio Energy, S.L.U.), <span class=\"ls0 ws1b\">wind/photovoltaic portfolios wi<span class=\"ls24 ws95a\">th a capacity of 2,129 MW </span></span>in development (Tejo Solar, S.L.U., Catalp<span class=\"ls9c ws61\">a Solar, S.L.U. and VERBU<span class=\"_ _43\"></span>ND Green Power </span>Renewable Projects, S.L.U.) plus <span class=\"ls1a ws24\">goodwill less deferred tax items </span>Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ls2b ws1f\">Tariffs for existing plants; internal price forecast for proj<span class=\"ls61 ws20\">ec<span class=\"_ _43\"></span>ts, premium for additional </span></span>proceeds from the sale of guarantees of<span class=\"ls5b wsb52\"> origin (derived from quoted prices) </span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 17 years for ex<span class=\"ls62 ws90e\">isting projects and 29 years (PV) or </span>24 years (wind) for de<span class=\"_ _92\"></span><span class=\"ls2b wsb54\">velopment p<span class=\"_ _43\"></span>rojects </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac766.1m<span class=\"_ _92\"></span> </span>Impairment losses  during the period \u20ac\u2013<span class=\"fsa ls0\"> </span>94.2m 1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the two-s<span class=\"_ _43\"></span>tep impa<span class=\"_ _43\"></span>irment test<span class=\"_ _43\"></span> of the Spa<span class=\"_ _43\"></span>nish rene<span class=\"_ _43\"></span>wables portf<span class=\"_ _43\"></span>olio group<span class=\"_ _43\"></span> <span class=\"ls12c wsb55\">of cash-generating<span class=\"_ _43\"></span> units. In the f<span class=\"_ _43\"></span>irst step, the </span>recoverability o<span class=\"_ _43\"></span>f developmen<span class=\"_ _43\"></span>t projects was test<span class=\"_ _43\"></span>ed in accord<span class=\"_ _43\"></span>ance with IAS 3<span class=\"_ _43\"></span>6.10(a) while<span class=\"_ _43\"></span> the recoverab<span class=\"_ _43\"></span>ility of exist<span class=\"_ _43\"></span>ing projects<span class=\"ls233 wsb49\"> was t<span class=\"_ _43\"></span>ested if there was an<span class=\"_ _43\"></span>y indication<span class=\"_ _43\"></span> that they </span>might be impaired. // 2 The Spanish renewab<span class=\"_ _43\"></span>les portfolio can be brok<span class=\"_ _43\"></span>en down into the follow<span class=\"_ _43\"></span>ing portfolios<span class=\"_ _43\"></span>: Anselma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, Topacio <span class=\"lsce ws261\">Ener<span class=\"_ _43\"></span>gy, S.L.U. with 1<span class=\"_ _43\"></span>9 </span>CGUs, Tejo S<span class=\"_ _43\"></span>olar, S.L.U. wi<span class=\"_ _43\"></span>th 18 CGUs, Catal<span class=\"_ _43\"></span>pa Solar, S.L.U<span class=\"_ _43\"></span>. with 5 CGUs an<span class=\"_ _43\"></span>d VERBUND Gr<span class=\"_ _43\"></span>een Power Rene<span class=\"_ _43\"></span>wable Projects<span class=\"_ _43\"></span>, S.L.U. wit<span class=\"ls206 wsb57\">h 3 CGUs. //<span class=\"_ _92\"></span> </span>3 Since the return on the Anselma Issuer, <span class=\"_ _43\"></span>S.A. and T<span class=\"_ _43\"></span>opacio Energy, S.<span class=\"_ _43\"></span>L.U. portfoli<span class=\"_ _43\"></span>os is secure<span class=\"_ _43\"></span>d by tariff for<span class=\"_ _43\"></span> the next 15<span class=\"_ _43\"></span> to 18 years, f<span class=\"_ _43\"></span>ollowed by a p<span class=\"_ _43\"></span>eri<span class=\"ls39 ws37\">od of merchant marke<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ing, two WACCs were used<span class=\"_ _92\"></span> </span>for the valu<span class=\"_ _43\"></span>ation. The <span class=\"_ _43\"></span>implicit <span class=\"_ _43\"></span>pre-tax inter<span class=\"_ _43\"></span>est rate det<span class=\"_ _43\"></span>ermined thr<span class=\"_ _43\"></span>ough a pro<span class=\"_ _43\"></span>cess of iter<span class=\"_ _43\"></span>ation am<span class=\"_ _43\"></span>ounted to 7.<span class=\"_ _43\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">8.67 %<span class=\"_ _333\"> </span></span><span class=\"fsc ls42 ws40\">. </span>Sensitivity analysis f<span class=\"_ _92\"></span>or the Spanish renew<span class=\"_ _92\"></span>ables portfolio 12/1/2022<span class=\"_ _333\"> </span>1  <span class=\"_ _1aa\"> </span><span class=\"ff2f ls60 ws813\">V<span class=\"_ _92\"></span>alue assigned to the ke<span class=\"_ _92\"></span>y </span>valuation assumption Change in ke<span class=\"_ _92\"></span>y valuation assumptions Effects on the carrying amounts of assets After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _a4\"> </span>5.75 %/6.50 % <span class=\"_ _18d\"> </span>\u00b1 0.25 PP \u20ac+<span class=\"fsa\"> </span>30.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">30.0m </span>Electricity price<span class=\"_ _333\"> </span>2 <span class=\"_ _19d\"> </span>\u20ac47.5 per MWh <span class=\"_ _d5\"> </span>\u00b1 5 % \u20ac+<span class=\"fsa\"> </span>62.0m \u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls59\">62.0m </span>1 In the sensitivity <span class=\"_ _43\"></span>analysis, on<span class=\"_ _43\"></span>e key measur<span class=\"_ _43\"></span>ement assumption w<span class=\"_ _43\"></span>as changed at<span class=\"_ _43\"></span> a time while th<span class=\"_ _43\"></span>e other factor<span class=\"_ _43\"></span>s of influenc<span class=\"_ _43\"></span>e were he<span class=\"ls4b\">ld <span class=\"_ _43\"></span>constant. However<span class=\"_ _43\"></span>, in reality<span class=\"_ _43\"></span> changes to the </span>key measure<span class=\"_ _43\"></span>ment assumpt<span class=\"_ _43\"></span>ions can a<span class=\"_ _43\"></span>lso occur s<span class=\"_ _43\"></span>imulta<span class=\"_ _43\"></span>neously. Th<span class=\"_ _43\"></span>is can resu<span class=\"_ _43\"></span>lt in th<span class=\"_ _43\"></span>e amplificati<span class=\"_ _43\"></span>on or (at <span class=\"_ _43\"></span>least partial<span class=\"_ _43\"></span>) neutral<span class=\"_ _43\"></span>is<span class=\"lsce ws261\">ation of the ef<span class=\"_ _43\"></span>fects. // </span>2 The elec<span class=\"_ _92\"></span>tricity price s<span class=\"_ _92\"></span>hown relates to the year 2030. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e sensitivity analysi<span class=\"_ _92\"></span>s varies the price of electricity steadily ove<span class=\"_ _92\"></span>r t<span class=\"_ _43\"></span>ime up to the planning horizo<span class=\"_ _92\"></span><span class=\"ls206 ws0\">n<span class=\"_ _333\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "Borrowing costs ar<span class=\"_ _92\"></span>e capitalised for qualifying assets<span class=\"_ _92\"></span>. VERBUND\u2019<span class=\"_ _14\"></span>s aver<span class=\"_ _92\"></span>age monthly borr<span class=\"_ _92\"></span>owing costs in the 2022 r<span class=\"_ _92\"></span>eporting period were around 1.7 % (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: around 1.9 %).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-37": {
   "value": "Gov<span class=\"_ _92\"></span>ernment grants Governmen<span class=\"_ _92\"></span>t investment gr<span class=\"_ _92\"></span>ants do not reduce <span class=\"_ _92\"></span>the cost of assets for<span class=\"_ _92\"></span> which they were gr<span class=\"_ _92\"></span>anted, but inste<span class=\"_ _92\"></span>ad lead to the r<span class=\"_ _92\"></span>ecognition of an item of deferr<span class=\"_ _92\"></span>ed income in the amount of thei<span class=\"_ _92\"></span>r fair value. The deferr<span class=\"_ _92\"></span>ed income is rever<span class=\"_ _92\"></span>sed to profit or loss o<span class=\"_ _92\"></span>ver the expected useful life of the r<span class=\"_ _92\"></span>espective asset. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "<div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf0 ws6c9 gs5db\">Contributions t<span class=\"_ _92\"></span>o building costs and gr<span class=\"_ _92\"></span>ants <span class=\"_ _cb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs5dc\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs5dd\">Contributions to building costs <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">744.1 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">744.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2f gs5de\">Government gran<span class=\"_ _92\"></span>ts <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">44.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">46.4 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs5df\">Contributions to building costs and grants <span class=\"_ _c0\"> </span><span class=\"fc4 ls18 ws0\">788.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">791.</span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\">2</span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-38": {
   "value": "Contributions t<span class=\"_ _92\"></span>o building costs and gr<span class=\"_ _92\"></span>ants <span class=\"_ _cb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Contributions to building costs <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">744.1 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">744.7 </span></span>Government gran<span class=\"_ _92\"></span>ts <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">44.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">46.4 </span></span>Contributions to building costs and grants <span class=\"_ _c0\"> </span><span class=\"fc4 ls18 ws0\">788.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">791.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "Contributions t<span class=\"_ _92\"></span>o building costs and gr<span class=\"_ _92\"></span>ants <span class=\"_ _cb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Contributions to building costs <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">744.1 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">744.7 </span></span>Government gran<span class=\"_ _92\"></span>ts <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">44.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">46.4 </span></span>Contributions to building costs and grants <span class=\"_ _c0\"> </span><span class=\"fc4 ls18 ws0\">788.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">791.</span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\">2</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "4.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1d3\">Leases </span>VERBUND\u2019<span class=\"_ _14\"></span>s leases include m<span class=\"_ _92\"></span>ainly arrangements r<span class=\"_ _92\"></span>egarding the pr<span class=\"_ _92\"></span>ovision of power<span class=\"_ _92\"></span> plants, buildings<span class=\"_ _92\"></span>, land, power lines and vehicles. Initial recognition of leases At the inception<span class=\"_ _92\"></span> of a contract, VERBUND as<span class=\"_ _92\"></span>sesses whethe<span class=\"ls22f ws0\">r<span class=\"_ _14\"></span> t<span class=\"_ _14\"></span>h<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span> c<span class=\"_ _14\"></span>o<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span>r<span class=\"_ _14\"></span>a<span class=\"_ _14\"></span>c<span class=\"_ _14\"></span>t<span class=\"_ _92\"></span> i<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> o<span class=\"_ _14\"></span>r<span class=\"_ _14\"></span> c<span class=\"_ _14\"></span>o<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span>a<span class=\"_ _14\"></span>i<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> a<span class=\"_ _14\"></span> l<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>a<span class=\"_ _92\"></span>s<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>.<span class=\"_ _14\"></span> I<span class=\"_ _14\"></span>f<span class=\"_ _14\"></span> i<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span> i<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> a<span class=\"_ _92\"></span> </span>lease, a righ<span class=\"_ _92\"></span>t-of-use asset is capitalised at the com<span class=\"_ _92\"></span>mencement date and a lease liab<span class=\"_ _92\"></span>ility is recognised. The amoun<span class=\"_ _0\"></span>t of the righ<span class=\"_ _92\"></span>t-of-use asset when the contr<span class=\"_ _92\"></span>act is first recognised correspo<span class=\"_ _92\"></span>nds to the amount of the lease lia<span class=\"_ _92\"></span>bility, adjusted, amon<span class=\"_ _92\"></span>g other things, fo<span class=\"_ _92\"></span>r any direct costs on th<span class=\"_ _92\"></span>e part of the lessee<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> advance paymen<span class=\"_ _92\"></span>ts, lease incentives or<span class=\"_ _92\"></span> dismantling oblig<span class=\"_ _92\"></span>ations. The c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount of the le<span class=\"_ _92\"></span>ase liability is derived by discounting t<span class=\"_ _92\"></span>he lease payments ex<span class=\"_ _92\"></span>pected <span class=\"ls88 wsb6\">during the term of the lease<span class=\"_ _92\"></span>, expected payments<span class=\"_ _92\"></span> </span>from r<span class=\"_ _92\"></span>esidual value guarantee<span class=\"_ _92\"></span>s, exercise prices for pur<span class=\"_ _92\"></span>chase options (if it is reaso<span class=\"_ _92\"></span>nably likely that the option will be exer<span class=\"_ _92\"></span>cised) and the payment of<span class=\"_ _92\"></span> any penalties for<span class=\"_ _92\"></span> the early termination<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>of the contr<span class=\"_ _92\"></span>act <span class=\"_ _80\"></span> (if it is likely that th<span class=\"_ _43\"></span>e lease will be<span class=\"_ _43\"></span> terminated early<span class=\"_ _43\"></span><span class=\"ls76 ws1cb\">). The carrying amount is discou<span class=\"_ _92\"></span>nted at the inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st </span>rate implicit in the lease if that<span class=\"lsa4 wsaec\"> rate can be r<span class=\"_ _92\"></span>eadily<span class=\"_ _43\"></span> determine<span class=\"_ _43\"></span>d. Other<span class=\"_ _43\"></span>wis<span class=\"_ _43\"></span>e, the carr<span class=\"_ _43\"></span>ying amount is </span>discounted based on VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s incremental<span class=\"_ _92\"></span> borrowing rate<span class=\"_ _92\"></span>.  Determin<span class=\"_ _43\"></span>ation of the term of lease<span class=\"_ _43\"></span>s Determining the t<span class=\"_ _92\"></span>erm of a lease when a clear fixed term has no<span class=\"_ _92\"></span>t been agreed in advance can be fr<span class=\"_ _92\"></span>aught with measur<span class=\"_ _92\"></span>ement uncertainties<span class=\"_ _92\"></span>. All facts and circumstances <span class=\"_ _92\"></span>that repr<span class=\"_ _92\"></span>esent an economic incen<span class=\"_ _92\"></span>tive for the exercise of a renewal option and/or th<span class=\"_ _43\"></span>e non-exercise of a termination opt<span class=\"_ _43\"></span>ion are taken into account when determining the t<span class=\"_ _92\"></span>erm. For land<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>leases in particular<span class=\"_ _14\"></span>, cont<span class=\"_ _92\"></span>racts are freque<span class=\"_ _92\"></span>ntly concluded for as long as the leased power<span class=\"_ _92\"></span> plant or line is expected to contin<span class=\"_ _92\"></span>ue to function at its presen<span class=\"_ _92\"></span>t level or in the form of an indefinite lease<span class=\"_ _92\"></span>. In these cases, the pr<span class=\"_ _92\"></span>esumed dura<span class=\"ls76 ws7e\">tion<span class=\"_ _92\"></span> of the lease is oriented on the expect<span class=\"_ _92\"></span>ed useful </span>life of the po<span class=\"_ _92\"></span>wer plant or line<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span>Subsequent measurement of leases The right-of-use as<span class=\"_ _92\"></span>set is depreciated syst<span class=\"_ _92\"></span>ematically based on the short<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r period of the useful l<span class=\"_ _92\"></span>ife of the asset or the r<span class=\"_ _92\"></span>emaining term o<span class=\"_ _0\"></span>f the lease<span class=\"_ _92\"></span>. The lease liability is<span class=\"_ _92\"></span> marked up for accruing i<span class=\"_ _92\"></span>nterest and reduced by le<span class=\"_ _92\"></span>ase payments<span class=\"_ _92\"></span>.  4.2.2  Contributions to building costs and grants<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "<div class=\"t m0 hd ff2b fs6 fc0 sc0 ls152 ws97d gs5ec\">Right<span class=\"_ _92\"></span>-of-use assets <span class=\"_ _44\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _45\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs5ed\">Land and </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gs5ee\">buildings </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls32 ws0 gs5ef\">Electrical </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs5f0\">installations </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs5f1\">P<span class=\"_ _92\"></span>ower lines </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws1d gs5f2\">Operating and </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1b ws0 gs5f3\">office </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs5f4\">equipment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs5f5\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs5f6\">As at 1/1/2022 <span class=\"_ _1a2\"> </span><span class=\"ls0 ws0\">73.1 <span class=\"_ _3\"> </span>7.7 <span class=\"_ _69\"> </span>19.5 <span class=\"_ _3\"> </span>3.6 <span class=\"_ _66\"> </span>103.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs5f7\">Additions from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs5f8\">business acquisition <span class=\"_ _181\"> </span><span class=\"ls0 ws0\">13.4 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _6a\"> </span>13.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs5f9\">Additions <span class=\"_ _280\"> </span><span class=\"ls0\">35.6 <span class=\"_ _3\"> </span>2.1 <span class=\"_ _3\"> </span>0.6 <span class=\"_ _53\"> </span>2.5 <span class=\"_ _15f\"> </span>40.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gs5fa\">Depreciation <span class=\"_ _168\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>7.5 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>9.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs5fb\">Disposals <span class=\"_ _f8\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _69\"> </span>\u2013<span class=\"fsa\"> </span>1.6 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls148 ws184 gs5fc\">As at 31/12/20<span class=\"_ _43\"></span>22 <span class=\"_ _281\"> </span><span class=\"ls49 ws0\">113.1 <span class=\"_ _53\"> </span><span class=\"ls18\">9.2 <span class=\"_ _59\"> </span>20.0 <span class=\"_ _53\"> </span>4.4 <span class=\"_ _26\"> </span>146.6 </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls152 ws97d gs5fd\">Right<span class=\"_ _92\"></span>-of-use assets <span class=\"_ _44\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _46\"> </span>  <span class=\"_ _45\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs5fe\">  <span class=\"_ _1a5\"> </span><span class=\"ls61 ws20\">Land and </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws0 gs5ff\">buildings </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls32 ws0 gs600\">Electrical </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs601\">installations </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs602\">P<span class=\"_ _92\"></span>ower lines <span class=\"_ _b0\"> </span><span class=\"lscc ws1d\">Operating and </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1b ws0 gs603\">office </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs604\">equipment </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs605\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs606\">As at 1/1/2021 <span class=\"_ _1a2\"> </span><span class=\"ls0 ws0\">85.9 <span class=\"_ _3\"> </span>7.8 <span class=\"_ _69\"> </span>14.0 <span class=\"_ _3\"> </span>3.0 <span class=\"_ _66\"> </span>110.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs607\">Additions from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs608\">business acquisition <span class=\"_ _281\"> </span><span class=\"ls0 ws0\">3.3 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _53\"> </span>0.0 <span class=\"_ _127\"> </span>3.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs609\">Additions <span class=\"_ _280\"> </span><span class=\"ls0\">12.3 <span class=\"_ _3\"> </span>0.4 <span class=\"_ _3\"> </span>5.5 <span class=\"_ _53\"> </span>2.0 <span class=\"_ _15f\"> </span>20.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gs60a\">Depreciation <span class=\"_ _234\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>27.7 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>1.4 <span class=\"_ _2c\"> </span>\u2013<span class=\"fsa\"> </span>29.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws0 gs60b\">Disposals <span class=\"_ _f8\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.7 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _3\"> </span>0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _69\"> </span>\u2013<span class=\"fsa\"> </span>0.7 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls148 ws184 gs60c\">As at 31/12/20<span class=\"_ _43\"></span>21 <span class=\"_ _156\"> </span><span class=\"ls49 ws0\">73.1 <span class=\"_ _53\"> </span><span class=\"ls18\">7.7 <span class=\"_ _59\"> </span>19.5 <span class=\"_ _53\"> </span><span class=\"ls31\">3.6 <span class=\"_ _2c\"> </span></span></span>103.8 </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsc7 ws8ae gs60d\">Amounts f<span class=\"_ _92\"></span>rom leases rec<span class=\"_ _92\"></span>ognised in prof<span class=\"_ _92\"></span>it or loss <span class=\"_ _1a4\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs60e\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs60f\">Expenses from unwinding of th<span class=\"ls5d ws5e\">e discount of lease liability <span class=\"_ _194\"> </span><span class=\"fc4 ls0 ws0\">1.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">1.3 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs610\">V<span class=\"_ _92\"></span>ariable lease payments that w<span class=\"_ _92\"></span>ere no<span class=\"ls1d ws1e\">t recognised in the lease liability <span class=\"_ _1ad\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs611\">Expenses from short-term le<span class=\"_ _92\"></span>ases<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs612\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs613\"> <span class=\"_ _19b\"> </span><span class=\"fc4\">9.2 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">56.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs614\">Expenses from underlying assets of lo<span class=\"_ _92\"></span>w value <span class=\"_ _282\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs615\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls4c ws4e gs616\"> mainly relates t<span class=\"_ _43\"></span>o short-term c<span class=\"_ _43\"></span>ongestion man<span class=\"_ _43\"></span>agement cont<span class=\"_ _43\"></span>racts. <span class=\"lsce ws261\">Th<span class=\"_ _43\"></span>ese contracts<span class=\"_ _43\"></span> serve to secur<span class=\"_ _43\"></span>e reserve capacit<span class=\"_ _43\"></span>y that can be cal<span class=\"_ _43\"></span>led up in the ev<span class=\"_ _43\"></span>ent of congesti<span class=\"_ _43\"></span>on. </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb1 ws409 gs617\">V<span class=\"_ _14\"></span>ariable paymen<span class=\"_ _92\"></span>ts that are no<span class=\"_ _92\"></span>t factored into the me<span class=\"_ _92\"></span>asurement o<span class=\"_ _92\"></span>f the lease liability in accor<span class=\"_ _92\"></span>dance with </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws17d gs618\">IFRS <span class=\"_ _92\"></span>16 relat<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> in particular to<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>lease contr<span class=\"_ _92\"></span>acts for wind farms in Austria<span class=\"_ _92\"></span>. Such payments ar<span class=\"_ _92\"></span>e expected in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7a ws72 gs619\">subsequent years in a similar volume as in the reporting period.<span class=\"_ _43\"></span>  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9b ws90 gs61a\">Expected cash outflows as<span class=\"_ _92\"></span> at 31/12/2022 <span class=\"_ _209\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _133\"> </span>  <span class=\"_ _9d\"> </span>  <span class=\"_ _6c\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls5d ws0 gs61b\">Maturity <span class=\"_ _210\"> </span><span class=\"ff2f ls18\">20<span class=\"_ _92\"></span>23 <span class=\"_ _24\"> </span>2024 <span class=\"_ _bc\"> </span>2025\u2013<span class=\"fsa ls0\"> </span><span class=\"ls17\">2027 <span class=\"_ _187\"> </span><span class=\"ls1ab wsb39\">from 2028 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs61c\">Lease liabilities <span class=\"_ _cf\"> </span>12.2 <span class=\"_ _5a\"> </span>11.7 <span class=\"_ _5a\"> </span>27.8 <span class=\"_ _4f\"> </span>97.2 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs61d\">Cash outflows on liabilities <span class=\"ls62 ws90e\">in accordance with IFRS 7 <span class=\"_ _119\"> </span><span class=\"ls18 ws0\">12.2 <span class=\"_ _2b\"> </span>11.7 <span class=\"_ _2b\"> </span>27.8 <span class=\"_ _5a\"> </span>97.2</span></span><span class=\"ls62 ws90e\"><span class=\"ls18 ws0\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9b ws90 gs61f\">Expected cash outflows as<span class=\"_ _92\"></span> at 31/12/2021 <span class=\"_ _214\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _9d\"> </span>  <span class=\"_ _133\"> </span>  <span class=\"_ _6c\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls5d ws0 gs620\">Maturity <span class=\"_ _210\"> </span><span class=\"ff2f ls18\">2022 <span class=\"_ _1c\"> </span>2023 <span class=\"_ _278\"> </span>2024\u2013<span class=\"fsa ls0\"> </span><span class=\"ls17\">2026 <span class=\"_ _17f\"> </span><span class=\"ls1ab wsb39\">fr<span class=\"_ _92\"></span>om 2027 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs621\">Lease liabilities <span class=\"_ _f4\"> </span>9.3 <span class=\"_ _f3\"> </span>8.2 <span class=\"_ _5a\"> </span>17.2 <span class=\"_ _1c5\"> </span>78.4 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs622\">Cash outflows on liabilities <span class=\"ls62 ws90e\">in accordance with IFRS 7 <span class=\"_ _5b\"> </span><span class=\"ls31 ws0\">9.3 <span class=\"_ _f3\"> </span><span class=\"ls18\">8.2 <span class=\"_ _2b\"> </span>17.2 <span class=\"_ _119\"> </span>78.4</span></span></span><span class=\"ls62 ws90e\"><span class=\"ls31 ws0\"><span class=\"ls18\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "4.4<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span><span class=\"ff2a wsb3a\">Recov<span class=\"_ _92\"></span>erability of non-financial assets </span></span>Recove<span class=\"_ _92\"></span>rability of intangible assets<span class=\"lsb0 ws22e\"> and property<span class=\"_ _92\"></span>, plant and equipment </span>Under IAS <span class=\"_ _86\"></span>36, the carrying amoun<span class=\"_ _92\"></span>ts, in particular<span class=\"_ _14\"></span>, of in<span class=\"_ _92\"></span>tangible assets and pro<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>erty, plant an<span class=\"_ _92\"></span>d equipment ar<span class=\"_ _92\"></span>e tested for impairment if ther<span class=\"_ _92\"></span>e are indications th<span class=\"_ _92\"></span>ereof. An impairm<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nt test is to be<span class=\"_ _92\"></span> conducted at least o<span class=\"_ _92\"></span>nce per year for goodwill, intangible assets with an<span class=\"_ _92\"></span> indefinite useful life and intangible assets th<span class=\"_ _92\"></span>at are not y<span class=\"_ _92\"></span>et available for<span class=\"_ _92\"></span> use (see section 4.4.1 Impairment testing of goo<span class=\"_ _92\"></span>dwill).<span class=\"_ _333\"> </span>Determination<span class=\"_ _92\"></span> of the discount ra<span class=\"_ _92\"></span>te The discount r<span class=\"_ _92\"></span>ate is an after-tax int<span class=\"_ _92\"></span>erest rate <span class=\"_ _92\"></span>that reflects cu<span class=\"_ _92\"></span>rrent mark<span class=\"_ _92\"></span>et estimates<span class=\"_ _92\"></span>, the time value of<span class=\"_ _92\"></span> money and the specific risks associa<span class=\"_ _92\"></span>ted with the asset (<span class=\"_ _92\"></span>or cash-generating unit<span class=\"_ _92\"></span>). The correspondin<span class=\"_ _92\"></span>g pre-<span class=\"_ _333\"> </span>tax inter<span class=\"_ _92\"></span>est rate is determined iter<span class=\"_ _92\"></span>atively.  The weighted a<span class=\"_ _92\"></span>verage c<span class=\"_ _92\"></span>apital costs (W<span class=\"_ _14\"></span>ACC) are applied to determi<span class=\"_ _92\"></span>ne recovera<span class=\"_ _92\"></span>ble amounts using net presen<span class=\"_ _92\"></span>t value methods. T<span class=\"_ _92\"></span>he weighting of the r<span class=\"_ _92\"></span>eturn on equity and the cost of de<span class=\"_ _92\"></span>bt was derived from an adequate peer gr<span class=\"_ _92\"></span>oup. T<span class=\"_ _92\"></span>he return on<span class=\"_ _92\"></span> equity is dete<span class=\"ls76 ws47d\">rmined from a refer<span class=\"_ _92\"></span>ence rat<span class=\"_ _92\"></span>e, market risk<span class=\"_ _92\"></span> premium </span>and beta factor using <span class=\"_ _92\"></span>the capital asset pricing model (CAPM). The co<span class=\"_ _92\"></span>st of debt before tax corr<span class=\"_ _92\"></span>esponds to the ret<span class=\"_ _92\"></span>urn on debt instruments tr<span class=\"_ _92\"></span>aded on the market <span class=\"ls75 wsa9d\">with a<span class=\"_ _92\"></span>n equivalent risk of default and matc<span class=\"_ _92\"></span>hing<span class=\"_ _43\"></span> </span>maturities<span class=\"_ _92\"></span>. Correspondin<span class=\"_ _92\"></span>g premiums are take<span class=\"_ _92\"></span>n into account in or<span class=\"_ _92\"></span>der to adequately depict coun<span class=\"_ _92\"></span>tr<span class=\"_ _43\"></span>y risks. In view of the v<span class=\"_ _92\"></span>olatile financial mar<span class=\"_ _92\"></span>ket environm<span class=\"_ _92\"></span>ent, the developmen<span class=\"_ _92\"></span>t of capital costs (and in particular country risk premiums) is un<span class=\"ls38 ws1a0\">der contin<span class=\"_ _92\"></span>uous<span class=\"_ _43\"></span> obser<span class=\"_ _43\"></span>vation<span class=\"_ _333\"> </span></span><span class=\"ls38 ws1a0\">.<span class=\"_ _333\"> </span></span><span class=\"ls38 ws1a0\"> </span>Determination of fair value F<span class=\"_ _92\"></span>air values ar<span class=\"_ _92\"></span>e to be determined primarily based on<span class=\"ls0 ws101\"> market prices and can, for example, be based on </span>existing binding pur<span class=\"_ _92\"></span>chase offers, secondary pricing on active m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>rkets or<span class=\"_ _92\"></span> comparable r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cent transactions within the<span class=\"_ _43\"></span> industry<span class=\"_ _43\"></span> according to the me<span class=\"ls99 ws54a\">asurement hierarch<span class=\"_ _92\"></span>y in IFR<span class=\"_ _43\"></span>S 13. If fair value cannot </span>be determined based on mar<span class=\"_ _92\"></span>ket prices, valuation t<span class=\"_ _92\"></span>echniques based on a net present valu<span class=\"_ _0\"></span>e appr<span class=\"_ _92\"></span>oach (d<span class=\"_ _92\"></span>iscounted cash flow method) ar<span class=\"_ _92\"></span>e used. Future in<span class=\"_ _92\"></span>vestments to enhanc<span class=\"_ _92\"></span>e or improve perform<span class=\"_ _92\"></span>ance and restructuring ex<span class=\"_ _92\"></span>penditures ar<span class=\"_ _92\"></span>e taken into account when<span class=\"_ _92\"></span> determining fair value<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> Price listings for<span class=\"_ _92\"></span> energy futures ar<span class=\"_ _92\"></span>e used in pricing as long as ther<span class=\"_ _0\"></span>e is a liquid mar<span class=\"_ _92\"></span>ket. Accordin<span class=\"_ _92\"></span>gly, the most recent price l<span class=\"_ _92\"></span>istings are applied t<span class=\"_ _92\"></span>o the price forecast of a r<span class=\"_ _92\"></span>eputable informa<span class=\"_ _0\"></span>tion service provider in the en<span class=\"_ _92\"></span>ergy market b<span class=\"_ _92\"></span>y means of linear interpolat<span class=\"_ _43\"></span>ion.  The excess fin<span class=\"_ _92\"></span>ancial return expected in the period aft<span class=\"_ _92\"></span>er the end of the applicability o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the price forec<span class=\"_ _92\"></span>asts in the energy marke<span class=\"_ _92\"></span>t (= terminal value phase) is tak<span class=\"_ _92\"></span>en into account by wa<span class=\"_ _92\"></span>y of terminal val<span class=\"_ _92\"></span>ue calculatio<span class=\"_ _92\"></span>n, whereby the c<span class=\"_ _92\"></span>alculation is based on an assump<span class=\"_ _92\"></span>tion that the excess fin<span class=\"_ _92\"></span>ancial return will grow<span class=\"_ _92\"></span> at a rate of 2 %.<span class=\"_ _333\"> </span>Determination of value in use As a rule, v<span class=\"_ _92\"></span>alue in use is determined using net pr<span class=\"_ _92\"></span>esent value method<span class=\"_ _92\"></span>s (discoun<span class=\"_ _92\"></span>ted cash flow method). Prices are d<span class=\"_ _92\"></span>etermined using price listings for<span class=\"_ _92\"></span> energy futures an<span class=\"_ _92\"></span>d the VERBUND Outloo<span class=\"_ _92\"></span>k model. VERBUND Out<span class=\"_ _92\"></span>look is an energy simula<span class=\"_ _92\"></span>tion tool for the developmen<span class=\"_ _92\"></span>t of medium- and long-term electricity and nat<span class=\"_ _92\"></span>ural gas price scenarios fo<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>energy mark<span class=\"_ _92\"></span>ets. Cash fl<span class=\"_ _92\"></span>ows are gener<span class=\"_ _92\"></span>ally derived from the recent medium-term plans appro<span class=\"_ _92\"></span>ved by management<span class=\"_ _92\"></span>.  The excess fin<span class=\"_ _92\"></span>ancial return expected in the period aft<span class=\"_ _92\"></span>er the end of the applicability o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the price forecasts from VERBUND Outlook (<span class=\"_ _43\"></span>= terminal value pha<span class=\"_ _43\"></span>se) is take<span class=\"_ _43\"></span>n into account by way of terminal value calc<span class=\"_ _92\"></span>ulation, whereb<span class=\"_ _92\"></span>y the calculation is based on<span class=\"_ _92\"></span> an assumption that the exc<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ss financial<span class=\"_ _92\"></span> return will grow<span class=\"_ _92\"></span> at a rate of 2 %. Recognition of impairment losses an<span class=\"_ _92\"></span><span class=\"ls85 ws575\">d reversals of impa<span class=\"_ _92\"></span>ir<span class=\"_ _43\"></span>ment losses </span>If the reaso<span class=\"_ _92\"></span>ns for impairment no longer apply in<span class=\"_ _92\"></span> a subsequent period, a reversal is t<span class=\"_ _92\"></span>o be recognised in profit or loss. Both impairment losses as we<span class=\"_ _43\"></span>ll as reve<span class=\"lsab ws42d\">rsals of impairment losses are recognised in profit </span>or loss<span class=\"_ _92\"></span>, presented in the in<span class=\"_ _92\"></span>come statement and segm<span class=\"_ _92\"></span>ent reporting as impairmen<span class=\"_ _92\"></span>t losses and/or reversals o<span class=\"_ _92\"></span>f impairment losses and explained in the no<span class=\"_ _92\"></span>tes. 4.4.1 Impairment testin<span class=\"_ _92\"></span>g of goodwill<span class=\"_ _333\"> </span> For the purpose of impairment test<span class=\"_ _43\"></span>ing, VERBUND\u2019<span class=\"_ _92\"></span><span class=\"ls77 wsb41\">s goodw<span class=\"_ _43\"></span>ill was allocated to the following cash<span class=\"_ _43\"></span>-<span class=\"_ _333\"> </span></span>genera<span class=\"_ _0\"></span>ting units or gr<span class=\"_ _92\"></span>oups of cash-genera<span class=\"_ _92\"></span>ting units<span class=\"_ _43\"></span>: Goodwill<span class=\"_ _92\"></span> <span class=\"_ _283\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Hydro segment<span class=\"_ _92\"></span> <span class=\"_ _284\"> </span><span class=\"fc4 ls0 ws0\">287.0 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">287.0 </span></span>Sales segment <span class=\"_ _24d\"> </span><span class=\"fc4 ls0 ws0\">13.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>3.0 </span></span>Inn River po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _26b\"> </span><span class=\"fc4 ls0 ws0\">126.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">126.6 </span></span>Grenzkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke po<span class=\"_ _92\"></span>wer plant group <span class=\"_ _4\"> </span><span class=\"fc4 ls0 ws0\">161.1 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">161.1 </span></span>Gas Connect Austria <span class=\"_ _238\"> </span><span class=\"fc4 ls0 ws0\">39.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG <span class=\"_ _ed\"> </span><span class=\"fc4 ls0 ws0\">40.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">40.5 </span></span>Spanish renewa<span class=\"_ _92\"></span>bles portfolio<span class=\"_ _333\"> </span>1 <span class=\"_ _285\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">78.4 </span>Goodwill <span class=\"_ _286\"> </span><span class=\"fc4 ls18\">667.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">706.6</span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span>1 Details regardin<span class=\"_ _92\"></span>g the goodwill recognised for the first time i<span class=\"_ _92\"></span>n<span class=\"_ _43\"></span> the 2022 reporting perio<span class=\"_ _92\"></span>d can be found in the section entitled<span class=\"ls144 wsb43\"> Business acquisition<span class=\"_ _43\"></span>s<span class=\"_ _333\"> </span></span><span class=\"ls144 wsb43\">.<span class=\"_ _333\"> </span></span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Hy<span class=\"_ _92\"></span>dro segment <span class=\"_ _f6\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items All hydraulic energy power plants of VERBUND plus goodwill and  deferred tax items Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls21 ws22\">Average <span class=\"_ _92\"></span>expected generation of the </span>respective power plant<span class=\"_ _92\"></span>s Average expected generation of the respective power plants Price <span class=\"_ _209\"> </span><span class=\"fc4 ls1e ws63\">Internal price fore<span class=\"_ _92\"></span>casts and power  </span>plant-specific premiums or discounts  (for example, the <span class=\"_ _92\"></span>sale of guarantees of origin) Internal price forecasts and power  plant-specific premiums or discounts  (for example, the sale of guarantees of origin) Planning period<span class=\"_ _333\"> </span>1 <span class=\"_ _39\"> </span><span class=\"fc4 ls1c ws1d\">Detailed planning phase: up <span class=\"_ _92\"></span>to a maximum </span>of 6 years depending on the specific  power plant; rough plannin<span class=\"_ _92\"></span>g phase: up to  a maximum of 23 years depending on the specific power plant; <span class=\"ls149 wsb44\">subsequent termina<span class=\"_ _43\"></span>l </span>value phase following<span class=\"ls62 ws64\"> rough planni<span class=\"_ _92\"></span>ng  </span>phase depending on the s<span class=\"_ _92\"></span>pecific  power plant Detailed planning phase: up to a maximum of 6 years depending on the sp<span class=\"_ _92\"></span>ecific power plant; rough planning phase: up to a maximum of 32 years depending on the specific power plant; subsequent terminal value phase following rough planning phase depending on the specific  power plant Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4\">WACC: 4.00 % to 8.50 %  </span>depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>WACC: 5.75 % to 12.50 %  depending on the location<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The planning peri<span class=\"_ _92\"></span>od was extended to 2060 due to the avai<span class=\"_ _92\"></span>lability of price curves.<span class=\"_ _92\"></span> // 2 The iterativel<span class=\"_ _43\"></span>y calcula<span class=\"_ _43\"></span>ted implicit pre-tax<span class=\"_ _43\"></span> interest r<span class=\"_ _43\"></span>ate was 6.43 %\u2013<span class=\"fsa ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls16c ws6d7\">13.79 % (previ<span class=\"_ _92\"></span>ous year: </span>4.82 %\u2013 <span class=\"fsc ls42 ws40\">9.37 %). //<span class=\"_ _92\"></span> </span>3 Management <span class=\"_ _43\"></span>believes th<span class=\"_ _43\"></span>e carrying a<span class=\"_ _43\"></span>mount of the<span class=\"_ _43\"></span> Hydro se<span class=\"_ _43\"></span>gment\u2019s assets<span class=\"_ _43\"></span> includin<span class=\"_ _43\"></span>g goodwill <span class=\"_ _43\"></span>will not exce<span class=\"_ _43\"></span>ed the r<span class=\"_ _43\"></span>ecoverable a<span class=\"_ _43\"></span>moun<span class=\"ls137 wsb46\">t as a r<span class=\"_ _43\"></span>esult of p<span class=\"_ _43\"></span>otential </span>changes in the key measurement assumptions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment testing <span class=\"_ _92\"></span>of goodwill for the Sal<span class=\"_ _92\"></span>es segment <span class=\"_ _cf\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units All of VERBUND\u2019s sales activities  plus goodwill All of VERBUND\u2019s sales activities  plus goodwill Basis for recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls30 ws255\">Sum-of-the-parts measurement based on a </span>net present value approach (DCF method<span class=\"_ _0\"></span>) Sum-of-the-parts measurement based<span class=\"_ _92\"></span> on a net present value approach (DCF method) Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws5a\">Budgets of VERBUND  </span>(based primarily on near-market data) Budgets of VERBUND  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls33 ws30\">Expected tr<span class=\"_ _92\"></span>ading and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Price <span class=\"_ _209\"> </span><span class=\"fc4 ls33 ws30\">Expected tradin<span class=\"_ _92\"></span>g and distribution volumes <span class=\"_ _21a\"> </span><span class=\"ff2f fc0 ls61\">Expected trading and distribution volumes </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1e ws1f\">Detailed planning phase of 6 years  </span>followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase of 6 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Expected trading and dis<span class=\"_ _92\"></span>tribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins Expected trading and distribution volumes as well as trading and sales m<span class=\"_ _92\"></span>argins After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls59 ws5a\">WACC after taxes (4.00 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls5b ws5c\">4.25 %)<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _fd\"> </span><span class=\"ff2f fc0 ls33 ws91c\">WACC after taxes (5.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1aa wsb48\">6.25 %)<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 8<span class=\"_ _43\"></span>.46 % (previou<span class=\"_ _43\"></span>s year: 5<span class=\"_ _43\"></span>.60 %). // 2 Management bel<span class=\"_ _43\"></span>ieves the carryin<span class=\"_ _43\"></span>g amount of<span class=\"_ _43\"></span> the Sales segmen<span class=\"_ _43\"></span>t\u2019s assets including g<span class=\"_ _43\"></span>oodwill will n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recovera<span class=\"_ _43\"></span>ble amoun<span class=\"_ _43\"></span>t as a result<span class=\"_ _43\"></span> of potent<span class=\"_ _43\"></span>ial changes <span class=\"_ _43\"></span>in the key m<span class=\"_ _43\"></span>easuremen<span class=\"_ _43\"></span>t assumpti<span class=\"_ _43\"></span>ons<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> Impairment testing <span class=\"_ _92\"></span>of goodwill for t<span class=\"_ _92\"></span>he Inn River pow<span class=\"_ _92\"></span>er plant group<span class=\"_ _92\"></span> <span class=\"_ _37\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that f<span class=\"_ _43\"></span>urther<span class=\"_ _43\"></span>more  each represent a <span class=\"_ _0\"></span>cash-generating u<span class=\"_ _0\"></span>nit,  plus goodwill and de<span class=\"ls61 ws62\">ferred tax accruals </span>Run-of-river power plants of the Inn River power plant group<span class=\"_ _333\"> </span>1 that furthermore  each represent a cash-generating unit,  plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls60 ws61\">VERBUND Innkraftwerke GmbH budgets  </span>(based mainly on near-marke<span class=\"_ _92\"></span>t data) VERBUND Innkraftwerke GmbH budgets  (based mainly on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls46 ws45\">Annual output correspondin<span class=\"_ _92\"></span>g to the  </span>mean energy capability of 1,855 or 1,994 GWh (after conclusion of the T\u00f6ging modernisation proj<span class=\"_ _92\"></span>ect) Annual output corresponding to the  mean energy capability of 1,994 GWh  (after conclusion of the T\u00f6ging modernisation project) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration of the  water charges based on<span class=\"lsca ws25c\"> official notices; </span>estimate of the m<span class=\"_ _92\"></span>aintenance costs by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the  water charges based on offi<span class=\"_ _92\"></span>cial notices; estimate of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>2 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.00 %<span class=\"_ _333\"> </span></span>3 <span class=\"_ _288\"> </span><span class=\"ff2f fc0 ls46 ws2b\">WACC: 5.75 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Impairment loss  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The Inn River p<span class=\"_ _43\"></span>ower plant g<span class=\"_ _43\"></span>roup comprises<span class=\"_ _43\"></span> the followin<span class=\"_ _43\"></span>g run-of-river<span class=\"_ _43\"></span> power pla<span class=\"_ _43\"></span>nts: Aubach, Fe<span class=\"_ _43\"></span>ldkirchen, <span class=\"_ _43\"></span>Gars, Jettenbach<span class=\"_ _43\"></span> II, N<span class=\"ws9ee\">eu\u00f6ttin<span class=\"_ _43\"></span>g, Perach, Rosenh<span class=\"_ _43\"></span>eim, Stammh<span class=\"_ _43\"></span>am, </span>Teufelsbruc<span class=\"_ _43\"></span>k, T\u00f6ging, W<span class=\"_ _43\"></span>asserbur<span class=\"_ _43\"></span>g. // 2 The planning period wa<span class=\"_ _92\"></span>s <span class=\"_ _43\"></span>extended to 2060 due<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>o the availabili<span class=\"_ _92\"></span>ty <span class=\"_ _43\"></span>of price curves. //<span class=\"_ _92\"></span> 3 The iterat<span class=\"_ _43\"></span>ively calcu<span class=\"_ _43\"></span>lated implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest rate<span class=\"_ _43\"></span> was 7.71 % (previ<span class=\"_ _92\"></span>ous year: 4.82 %). // 4 Management believes the carrying amount of the Inn River power plant group\u2019s asse<span class=\"_ _92\"></span>ts<span class=\"_ _43\"></span> including goodwill will not exceed the recoverable<span class=\"_ _92\"></span> a<span class=\"_ _43\"></span>mount as a result of po<span class=\"_ _92\"></span>tential <span class=\"ls1f5 wsaeb\">changes in the key <span class=\"_ _43\"></span>measurement assumptions<span class=\"_ _333\"> </span></span>Impairment testing of good<span class=\"_ _92\"></span>will for the Grenzkraftw<span class=\"_ _92\"></span>erke po<span class=\"_ _92\"></span>wer plant group<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units Run-of-river power plants of th<span class=\"_ _92\"></span>e Grenzkraftwerke power plant gro<span class=\"_ _92\"></span>up<span class=\"_ _333\"> </span>2 that each represent a cash-g<span class=\"_ _92\"></span>enerating unit, plus goodwill and deferre<span class=\"ls1a ws256\">d tax accruals </span>Run-of-river power plants of the Grenzkraftwerke power plant group<span class=\"_ _333\"> </span>2 that each represent a cash-generating unit, plus goodwill and deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls59 ws22\">Value in use </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls59 ws792\">Grenzkraftwerke Gm<span class=\"ls106 ws35e\">bH\u2019s budgets  </span></span>(based primarily on near-market data) Grenzkraftwerke GmbH\u2019s budgets  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls60 ws61\">Annual output correspondin<span class=\"_ _92\"></span>g to the mean </span>energy capability of 3,957 GWh Annual output corresponding to the mean energy capability of 3,957 or 4,007 GWh (after completing measures to increase efficiency at Ering-Frauenstein) Price <span class=\"_ _209\"> </span><span class=\"fc4 ls2a ws25b\">Internal price forecasts; discounts fo<span class=\"_ _92\"></span>r </span>generation characteris<span class=\"_ _92\"></span>tics and the hydrological forecast <span class=\"ls46 ws45\">and availability risk; </span>premium for additio<span class=\"_ _92\"></span>nal proceeds from the sale of guarante<span class=\"_ _43\"></span>es of <span class=\"ls59 ws5a\">origin (derived from </span>quoted price); consideration o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the water charges based on official notices; estimate of the maintenance co<span class=\"_ _92\"></span>sts by the managers responsible Internal price forecasts; discounts for generation characteristics and the hydrological forecast and availability risk; premium for additional proceeds from the sale of guarantees of origin (derived from quoted price); consideration of the water charges based on off<span class=\"_ _92\"></span>ici<span class=\"ls46 ws2b\">al notices; estimate </span>of the maintenance costs by the managers responsible Planning period<span class=\"_ _333\"> </span>3 <span class=\"_ _39\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 y<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ars;  </span>rough planning phase: 23 years  followed by a terminal value <span class=\"_ _92\"></span>phase Detailed planning phase: 6 years;  rough planning phase: 32 years  followed by a terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate <span class=\"_ _154\"> </span><span class=\"ff2f fc0 ls46 ws2b\">Electricity price, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls62 ws64\">Austria: WACC: 4.25 %<span class=\"_ _333\"> </span></span>4<span class=\"_ _333\"> </span>Germany: WACC: 4.00 % Austria: WACC: 6.25 %<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>Germany: WACC: 5.75 % Impairment loss  during the period<span class=\"_ _333\"> </span>5<span class=\"_ _333\"> </span>\u2013 <span class=\"_ _287\"> </span><span class=\"ff2f fc0 ls0\">\u2013 </span>1 The following notes relate to the second step of the two-step <span class=\"ls4f ws51\">impairment test of the Gr<span class=\"_ _43\"></span>enzkraftwer<span class=\"_ _43\"></span>ke power plan<span class=\"_ _43\"></span>t group. The r<span class=\"_ _43\"></span>e<span class=\"ls4e ws50\">coverabil<span class=\"_ _43\"></span>ity of the in<span class=\"_ _43\"></span>dividual run<span class=\"_ _43\"></span>-of-river power<span class=\"_ _43\"></span> </span></span>plants was tested in the firs<span class=\"_ _43\"></span>t step. // 2 The Grenzkraftwerk<span class=\"_ _92\"></span>e <span class=\"_ _43\"></span>power plant gro<span class=\"_ _92\"></span>u<span class=\"_ _43\"></span>p comprises the<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>following power pl<span class=\"_ _92\"></span>ants: Braunau-Simbach, Egglfing-Obe<span class=\"_ _92\"></span>rnberg, Ering-Frauens<span class=\"ls236 ws0\">tein, </span>Jochenstein, Nu\u00dfdorf, Oberaudorf-Ebbs, Passau-Ingling and<span class=\"_ _92\"></span> S<span class=\"_ _43\"></span>ch\u00e4rding-Neuhaus. // 3 The planning period wa<span class=\"_ _92\"></span>s extended to 2060 due to the availabili<span class=\"_ _92\"></span>ty of price curves. //  4 The iterative<span class=\"_ _43\"></span>ly calculate<span class=\"_ _43\"></span>d implicit pre<span class=\"_ _43\"></span>-tax interes<span class=\"_ _43\"></span>t rate was 7<span class=\"_ _43\"></span>.98 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls238 wsb4f\">8.11 % (previous year: 5.<span class=\"_ _92\"></span>16 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls42 ws40\">5.24 %). // </span></span>5 According to management, the carrying amount of the Grenzkraftw<span class=\"_ _43\"></span>erke power <span class=\"_ _43\"></span>plant group\u2019s<span class=\"_ _43\"></span> assets (l<span class=\"_ _43\"></span>ess defer<span class=\"_ _43\"></span>red tax liabilit<span class=\"_ _43\"></span>ies) inc<span class=\"_ _43\"></span>luding goodw<span class=\"_ _43\"></span>ill does n<span class=\"_ _43\"></span>ot exceed th<span class=\"_ _43\"></span>e recoverable<span class=\"_ _43\"></span> a<span class=\"ls180 ws7db\">mount as a result of possible changes in key </span>measurement assumpt<span class=\"_ _43\"></span>ions<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>I<span class=\"_ _333\"> </span>mpairment testing <span class=\"_ _92\"></span>of goodwill for Gas C<span class=\"_ _92\"></span>onnect Austria<span class=\"_ _333\"> </span>1  <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Group of  cash-generating units Gas Connect Austria GmbH (GCA),  Austrian Gas Grid Management AG (AGGM), Trans Au<span class=\"_ _92\"></span>stria Gasleitung GmbH (TAG), profit par<span class=\"_ _92\"></span>ticipation right with respect to material assets of TAG plus goodwill  less deferred tax accruals Gas Connect Austria GmbH (GCA), Austrian Gas Grid Management AG (AGGM), Trans Austria<span class=\"ls37 ws26\"> Gasleitung GmbH </span>(TAG), profit participation right with respect to material assets of TAG plus goodwill less deferred tax accruals Basis for  recov<span class=\"_ _92\"></span>erable amount Fair value (Level 3) less costs of disposal <span class=\"_ _16d\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal<span class=\"_ _92\"></span> </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls1ab ws813\">GCA budgets <span class=\"_ _92\"></span> </span>(based primarily on near mark<span class=\"_ _92\"></span>et data) GCA budgets  (based primarily on <span class=\"lsca\">near market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls9c ws190\">Cap<span class=\"_ _43\"></span>acity bookings <span class=\"_ _199\"> </span></span><span class=\"ff2f ls20 ws25\">Capacity bookings </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls1e ws1f\">Regulatory tariffs published by t<span class=\"_ _92\"></span>he regulator <span class=\"_ _276\"> </span><span class=\"ff2f fc0 ls19 ws33\">Regulatory tariffs published by the </span></span>regulator Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 6 years; <span class=\"_ _92\"></span> </span>rough planning phase: 23 years plus Regulatory Asset Base (RAB) as exi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> value Detailed planning phase: 6 years;  rough planning phase: 22 years plus Regulatory Asset Base (RAB) as exit value Ke<span class=\"_ _0\"></span>y measurement assumptions Regulatory inter<span class=\"_ _92\"></span>est rate of the RAB <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls59 ws22\">Regulatory interest rate of the RAB </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls2a ws28\">Determination of discount rate taking into </span>account regulatory framework conditions Determination of discount rate taking into account regulatory framework conditions Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac852.7m <span class=\"_ _11f\"> </span><span class=\"ff2f fc0 ls18\">\u20ac7<span class=\"_ _92\"></span>04.6m </span></span>Impairment loss  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa\"> </span><span class=\"ls1a\">8.8m <span class=\"_ _1a5\"> </span><span class=\"ff2f fc0 ls18\">\u20ac\u2013<span class=\"fsa ls0\"> </span><span class=\"ls9c\">39.3m </span></span></span>1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the tw<span class=\"_ _43\"></span>o-step im<span class=\"_ _43\"></span>pairment tes<span class=\"_ _43\"></span>t of the Gas<span class=\"_ _43\"></span> Connect A<span class=\"_ _43\"></span>ustria g<span class=\"_ _43\"></span>roup of cas<span class=\"_ _43\"></span>h-g<span class=\"ls239 wsb51\">enerating units. In<span class=\"_ _43\"></span> the first step,<span class=\"_ _43\"></span> the </span>recoverabilit<span class=\"_ _43\"></span>y of the<span class=\"_ _43\"></span> GCA unit<span class=\"_ _43\"></span>s including<span class=\"_ _43\"></span> AGGM and t<span class=\"_ _43\"></span>he investm<span class=\"_ _43\"></span>ent<span class=\"ls235 wsb4c\"> in Trans Austria Gasleitung GmbH (TAG) was tested. TAG\u2019s asse<span class=\"ls1b5 ws91d\">t participation<span class=\"_ _43\"></span> right was mea<span class=\"_ _43\"></span>sured at f<span class=\"_ _43\"></span>air </span></span>value in accordan<span class=\"_ _43\"></span>ce with IFRS 9. /<span class=\"_ _43\"></span>/ 2 An impairment loss had alre<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>dy been recognise<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>in the 2022 report<span class=\"_ _92\"></span><span class=\"ls3d ws3b\">ing period in the amount of \u20ac16.8m as at 30 June 2022.<span class=\"_ _92\"></span> As at </span>31 December 2022, the i<span class=\"_ _92\"></span>mpairment recognised during the year i<span class=\"_ _92\"></span>ncreased to \u20ac39.3m<span class=\"_ _333\"> </span>Impairment testing of good<span class=\"_ _92\"></span>will for SMA<span class=\"_ _14\"></span>TRICS GmbH &amp; Co KG    <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31<span class=\"_ _43\"></span>/12/2021 <span class=\"_ _114\"> </span></span><span class=\"ff2c ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls61 ws62\">SMATRICS GmbH &amp; Co KG,  </span>full-service provider for  electromobility charging solutions SMATRICS GmbH &amp; Co KG,  full-service provider for  electromobility charging solutions Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _257\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method)<span class=\"_ _92\"></span> <span class=\"_ _216\"> </span><span class=\"ff2f fc0 ls36 ws68\">Net present value approach (DCF method) </span></span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 ls34 ws32\">SMATRICS GmbH &amp; Co KG budgets  </span>(based primarily on near-market data) SMATRICS GmbH &amp; Co KG  (based primarily on near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"fc4 ls5d ws5e\">Electric vehicle ramp-up <span class=\"_ _289\"> </span></span><span class=\"ff2f ls2b ws1f\">Electric vehicle ramp-up </span>Price <span class=\"_ _16f\"> </span><span class=\"fc4 ls33 ws30\">Charging rates <span class=\"_ _5c\"> </span></span><span class=\"ff2f ls20 ws25\">Charging rates </span>Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls33 ws30\">Detailed planning phase: 9 years plu<span class=\"_ _92\"></span>s </span>subsequent terminal value phase Detailed planning phase: 8 years plus subsequent terminal value phase Ke<span class=\"_ _0\"></span>y measurement assumptions Electric vehicle ramp-up, discount rate <span class=\"_ _4d\"> </span><span class=\"ff2f fc0 ls59 ws22\">Electric vehicle ramp-up, discount rate </span>After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 10.00 % <span class=\"_ _12a\"> </span></span><span class=\"ff2f ls33 ws91c\">WACC: 12.25 % </span>Impairment loss  during the period \u2013 <span class=\"_ _13\"> </span><span class=\"ff2f fc0 ls0\">\u2013<span class=\"_ _333\"> </span></span><span class=\"ff2f fc0 ls0\"> </span>Impairment test of the goodwill of the Spanish r<span class=\"_ _92\"></span>enewables portfolio<span class=\"_ _333\"> </span>1  <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Photovoltaic portfolios with a capac<span class=\"_ _43\"></span>ity of <span class=\"ls5d ws2d\">82.1 MWp in operation (Anselma Issuer, S.A. </span>and Topacio Energy, S.L.U.), <span class=\"ls0 ws1b\">wind/photovoltaic portfolios wi<span class=\"ls24 ws95a\">th a capacity of 2,129 MW </span></span>in development (Tejo Solar, S.L.U., Catalp<span class=\"ls9c ws61\">a Solar, S.L.U. and VERBU<span class=\"_ _43\"></span>ND Green Power </span>Renewable Projects, S.L.U.) plus <span class=\"ls1a ws24\">goodwill less deferred tax items </span>Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ls2b ws1f\">Tariffs for existing plants; internal price forecast for proj<span class=\"ls61 ws20\">ec<span class=\"_ _43\"></span>ts, premium for additional </span></span>proceeds from the sale of guarantees of<span class=\"ls5b wsb52\"> origin (derived from quoted prices) </span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 17 years for ex<span class=\"ls62 ws90e\">isting projects and 29 years (PV) or </span>24 years (wind) for de<span class=\"_ _92\"></span><span class=\"ls2b wsb54\">velopment p<span class=\"_ _43\"></span>rojects </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac766.1m<span class=\"_ _92\"></span> </span>Impairment losses  during the period \u20ac\u2013<span class=\"fsa ls0\"> </span>94.2m 1 The follow<span class=\"_ _43\"></span>ing explanat<span class=\"_ _43\"></span>ions refer<span class=\"_ _43\"></span> to the se<span class=\"_ _43\"></span>cond step <span class=\"_ _43\"></span>of the two-s<span class=\"_ _43\"></span>tep impa<span class=\"_ _43\"></span>irment test<span class=\"_ _43\"></span> of the Spa<span class=\"_ _43\"></span>nish rene<span class=\"_ _43\"></span>wables portf<span class=\"_ _43\"></span>olio group<span class=\"_ _43\"></span> <span class=\"ls12c wsb55\">of cash-generating<span class=\"_ _43\"></span> units. In the f<span class=\"_ _43\"></span>irst step, the </span>recoverability o<span class=\"_ _43\"></span>f developmen<span class=\"_ _43\"></span>t projects was test<span class=\"_ _43\"></span>ed in accord<span class=\"_ _43\"></span>ance with IAS 3<span class=\"_ _43\"></span>6.10(a) while<span class=\"_ _43\"></span> the recoverab<span class=\"_ _43\"></span>ility of exist<span class=\"_ _43\"></span>ing projects<span class=\"ls233 wsb49\"> was t<span class=\"_ _43\"></span>ested if there was an<span class=\"_ _43\"></span>y indication<span class=\"_ _43\"></span> that they </span>might be impaired. // 2 The Spanish renewab<span class=\"_ _43\"></span>les portfolio can be brok<span class=\"_ _43\"></span>en down into the follow<span class=\"_ _43\"></span>ing portfolios<span class=\"_ _43\"></span>: Anselma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, Topacio <span class=\"lsce ws261\">Ener<span class=\"_ _43\"></span>gy, S.L.U. with 1<span class=\"_ _43\"></span>9 </span>CGUs, Tejo S<span class=\"_ _43\"></span>olar, S.L.U. wi<span class=\"_ _43\"></span>th 18 CGUs, Catal<span class=\"_ _43\"></span>pa Solar, S.L.U<span class=\"_ _43\"></span>. with 5 CGUs an<span class=\"_ _43\"></span>d VERBUND Gr<span class=\"_ _43\"></span>een Power Rene<span class=\"_ _43\"></span>wable Projects<span class=\"_ _43\"></span>, S.L.U. wit<span class=\"ls206 wsb57\">h 3 CGUs. //<span class=\"_ _92\"></span> </span>3 Since the return on the Anselma Issuer, <span class=\"_ _43\"></span>S.A. and T<span class=\"_ _43\"></span>opacio Energy, S.<span class=\"_ _43\"></span>L.U. portfoli<span class=\"_ _43\"></span>os is secure<span class=\"_ _43\"></span>d by tariff for<span class=\"_ _43\"></span> the next 15<span class=\"_ _43\"></span> to 18 years, f<span class=\"_ _43\"></span>ollowed by a p<span class=\"_ _43\"></span>eri<span class=\"ls39 ws37\">od of merchant marke<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ing, two WACCs were used<span class=\"_ _92\"></span> </span>for the valu<span class=\"_ _43\"></span>ation. The <span class=\"_ _43\"></span>implicit <span class=\"_ _43\"></span>pre-tax inter<span class=\"_ _43\"></span>est rate det<span class=\"_ _43\"></span>ermined thr<span class=\"_ _43\"></span>ough a pro<span class=\"_ _43\"></span>cess of iter<span class=\"_ _43\"></span>ation am<span class=\"_ _43\"></span>ounted to 7.<span class=\"_ _43\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">8.67 %<span class=\"_ _333\"> </span></span>4.4.2 Impairment testin<span class=\"_ _92\"></span>g of pow<span class=\"_ _92\"></span>er plants Impairment test \u2013 Mellach combined<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>cycle gas turbine po<span class=\"_ _92\"></span>wer plant   <span class=\"_ _fb\"> </span><span class=\"ff2f fc4 ls159\">31/12/2021 <span class=\"_ _257\"> </span></span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"fc4 ls1f ws20\">Combined cycle gas turbine power plant <span class=\"_ _92\"></span> </span>(installed electrical capacity: 838 MW) Combined cycle gas turbine power plant  (installed electrical capacity: 838 MW) Indications of impairment Updated electricity and/or gas price forecasts and upd<span class=\"_ _92\"></span>ated discount rate Updated electricity and/or gas price forecasts and updated disc<span class=\"_ _43\"></span>ount rate Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use <span class=\"_ _1a1\"> </span><span class=\"ff2f fc0 ls2d ws90d\">Fair value (Level 3) less costs of disposal </span>V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"fc4 ls24 ws25d\">Net present value approach (DCF method) <span class=\"_ _21a\"> </span></span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"fc4 lsca ws25c\">VERBUND Thermal Power GmbH &amp; Co KG </span>budgets (based m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>inly on  near-market data) VERBUND Thermal Power GmbH &amp; Co KG budgets (based mainly on  near-market data) V<span class=\"_ _92\"></span>olume <span class=\"_ _162\"> </span><span class=\"fc4 ls32 ws2e\">Optimisation mo<span class=\"_ _92\"></span>del with primary inputs: </span>installed capacity, <span class=\"ls74 ws68\">heat extractio<span class=\"_ _0\"></span>n </span>(maximum 400 MW) and efficiency at full capacity (58.8 %) Optimisation model with primary inputs: installed capacity, heat extraction (maximum 400 MW) and eff<span class=\"_ _92\"></span>iciency at full capacity (58.8 %<span class=\"_ _92\"></span>) Price<span class=\"_ _333\"> </span>1 <span class=\"_ _22c\"> </span><span class=\"fc4 ls34 ws387\">internal price forecasts; temporarily </span>expected revenue<span class=\"_ _92\"></span> from the grid reserve, congestion managem<span class=\"_ _92\"></span>ent, redispatch and market use, including heat <span class=\"_ _92\"></span>extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of operat<span class=\"_ _92\"></span>ing, maintenance and downtime costs by<span class=\"_ _92\"></span> the responsible managers External price forecasts; temporarily expected revenue from the grid reserve, congestion management, redispatch and market use, including heat extraction in the winter for one line (Q4/2022 to Q1/2023); estimate of<span class=\"_ _92\"></span> operating, maintenance and dow<span class=\"_ _92\"></span>ntime costs by the responsible managers Planning period <span class=\"_ _24\"> </span><span class=\"fc4 ls1c ws1d\">Total capacity averaging around </span>100,000 equivalent operating hour<span class=\"_ _92\"></span>s or  until 2040 (dependent on earlier entry) Total capacity averaging around 100,000 equivalent op<span class=\"_ _92\"></span><span class=\"ls36 ws68\">erating hours or  </span>until 2040 (dependent on earlier entry) Ke<span class=\"_ _0\"></span>y measurement assumptions Discount rate, expected revenue fro<span class=\"_ _92\"></span>m the grid reserve, congestion manageme<span class=\"_ _92\"></span>nt and redispatch, devel<span class=\"_ _0\"></span>opment of clean spark spreads Discount rate, expected revenue from the grid reserve, congestion management and redispatch, development of clean spark spreads After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"fc4 ls46 ws45\">WACC: 4.25 % <span class=\"_ _1d3\"> </span></span><span class=\"ff2f ls60 ws813\">WACC: 6.25 % </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"fc4 ls5d ws0\">\u20ac109.9m <span class=\"_ _75\"> </span><span class=\"ff2f fc0 ls18\">\u20ac231.5m </span></span>Reversal of  impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac+<span class=\"fsa\"> </span>24.5m <span class=\"_ _31\"> </span><span class=\"ff2f fc0 ls18\">\u20ac+<span class=\"fsa ls0\"> </span>126.0m </span>1 An average of the<span class=\"_ _43\"></span> price forecas<span class=\"_ _43\"></span>ts of the infor<span class=\"_ _43\"></span>mation service pr<span class=\"_ _43\"></span>oviders AFRY<span class=\"_ _43\"></span> and IHS was us<span class=\"_ _43\"></span>ed to determin<span class=\"_ _43\"></span>e the fair va<span class=\"_ _43\"></span>lue for r<span class=\"_ _43\"></span><span class=\"ls100 ws2fe\">eporting dates prior to 31 D<span class=\"_ _92\"></span>ecember 2022.  </span>Only the AFRY Cen<span class=\"_ _43\"></span>tral price scenar<span class=\"_ _43\"></span>io was used f<span class=\"_ _43\"></span>or the current rep<span class=\"_ _43\"></span>orting date due to<span class=\"_ _43\"></span> changes in the<span class=\"_ _43\"></span> energy market env<span class=\"_ _43\"></span>ironment. I<span class=\"ls4d ws4f\">f t<span class=\"_ _43\"></span>he prev<span class=\"_ _43\"></span>iously appli<span class=\"_ _43\"></span>e<span class=\"ls0 wsb59\">d average cost method </span></span>had been retained,<span class=\"_ _43\"></span> the recover<span class=\"_ _43\"></span>able amount <span class=\"_ _43\"></span>for the Mella<span class=\"_ _43\"></span>ch combined cyc<span class=\"_ _43\"></span>le gas tur<span class=\"_ _43\"></span>bine power plant<span class=\"_ _43\"></span> cash-generating u<span class=\"_ _43\"></span>nit as at 31 <span class=\"ls16c ws6d7\">December 2022 would have been \u20ac192.<span class=\"_ _92\"></span>6m.  </span>Thus, the reversal of<span class=\"_ _92\"></span> impairment losses would have been around \u20ac38.<span class=\"_ _92\"></span>9m lower. // 2 A reversa<span class=\"_ _43\"></span>l of impairm<span class=\"_ _43\"></span>ent losses<span class=\"_ _43\"></span> loss had a<span class=\"_ _43\"></span>lready bee<span class=\"_ _43\"></span>n recognis<span class=\"_ _43\"></span>ed in the r<span class=\"_ _43\"></span>eporting peri<span class=\"_ _43\"></span>od in the amount of \u20ac56.0m as at 30 June 2022.<span class=\"_ _92\"></span> The reversal of impairment losse<span class=\"_ _92\"></span>s recognised during the year increase<span class=\"_ _92\"></span>d to \u20ac126.0m as a<span class=\"ls42 ws40\">t 31 December 2022.<span class=\"_ _92\"></span> The increase in value in </span>the 2022 reporting p<span class=\"_ _92\"></span>eriod was reduced by the change in deferred<span class=\"_ _92\"></span> g<span class=\"_ _43\"></span>o<span class=\"ls231 wsb42\">vernment grants in the amo<span class=\"_ _92\"></span>unt <span class=\"_ _43\"></span>of \u20ac3.6m (previo<span class=\"_ _92\"></span>us <span class=\"_ _43\"></span>year: \u20ac0.7m<span class=\"_ _333\"> </span></span><span class=\"ls231 wsb42\">)<span class=\"_ _333\"> </span></span>Impairment testing of the Gr<span class=\"_ _92\"></span>atkorn pow<span class=\"_ _92\"></span>er plant on the Mur River    <span class=\"_ _28a\"> </span><span class=\"ff2c ls1eb\">31/12/202<span class=\"_ _43\"></span>2 </span>Cash-generating unit <span class=\"_ _17f\"> </span><span class=\"ff2f ls2b ws1f\">River power plant in the area of the Mur River (50 % owned by VERBUND Hydro </span>Power GmbH (VHP), 50 % owned<span class=\"_ _43\"></span> by Energie Steiermark Green Power GmbH)<span class=\"_ _43\"></span> Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls2b ws1f\">VHP budgets (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls2b ws1f\">The annual output corresponding to th<span class=\"ls59 ws22\">e mean energ<span class=\"_ _43\"></span>y capability of 56 GWh  </span></span>(for 100 % of the power plant) Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Internal price forecasts; discounts for genera<span class=\"ls32 ws5a8\">tion characteristics and the hydrological </span></span>forecast and availability risk; premium fo<span class=\"ls5d ws2d\">r additional proceeds from the sale of </span>guarantees of origin (derived from quoted pric<span class=\"ls1d ws35e\">es); e<span class=\"_ _43\"></span>stimate of the maintenance costs by </span>the managers responsible Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ls1a ws24\">Detailed planning phase: 6 years;  </span>rough planning phase: 32 years foll<span class=\"ls1d ws35e\">owed by a terminal value phase </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.25 %<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac12.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>\u20ac<span class=\"ff2a\">\u2013<span class=\"fsa\"> </span></span><span class=\"ls17\">10.4m </span>1 The implicit<span class=\"_ _43\"></span> pre-tax int<span class=\"_ _43\"></span>erest ra<span class=\"_ _43\"></span>te determine<span class=\"_ _43\"></span>d through a<span class=\"_ _43\"></span> process of <span class=\"_ _43\"></span>iteration a<span class=\"_ _43\"></span>mounted to 6<span class=\"_ _43\"></span>.43 %. // 2 An impairment loss ha<span class=\"_ _92\"></span>d already been recognised in<span class=\"_ _0\"></span> the reporting pe<span class=\"_ _92\"></span>riod in the amount of \u20ac12.9m a<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> at 30 June 2022. The impai<span class=\"_ _92\"></span>rment recognised during the year decrea<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>ed to \u20ac10.4m as at 31 Decem<span class=\"_ _92\"></span>ber 2022. <span class=\"ls52 ws54\">The impair<span class=\"_ _43\"></span>ment loss as<span class=\"_ _43\"></span> at 31<span class=\"_ _43\"></span> December </span>2022 was reduced<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>by the \u20ac0.7m change i<span class=\"_ _92\"></span>n <span class=\"_ _43\"></span>deferred governme<span class=\"_ _92\"></span>nt grants<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Impairment test Spa<span class=\"_ _0\"></span>nish ren<span class=\"_ _92\"></span>ewables portf<span class=\"_ _92\"></span>olio existing pr<span class=\"_ _92\"></span>ojects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>PV portfolios with a capacity of 82.1 MWp in operation  (Anselma Issuer, S.A. and Topacio Energy, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f ws22\">Tariffs for the next 15\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls2b ws1f\">18 years, followed <span class=\"_ _43\"></span>by internal price forecast </span></span>Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 14 to 15 years for th<span class=\"lsca ws30\">e Anselma Issuer, S.A. portfolio and  </span>14 to 17 years for the Topacio Energy, S.L.U. portfolio. Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls74 wsac9\">WACC: 5.75 %/6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac393.0m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>49.7m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The existin<span class=\"_ _43\"></span>g projects can<span class=\"_ _43\"></span> be broken d<span class=\"_ _43\"></span>own into the f<span class=\"_ _43\"></span>ollowing port<span class=\"_ _43\"></span>folios: Ans<span class=\"_ _43\"></span>elma Issuer, S.A. with<span class=\"_ _43\"></span> 18 CGUs, <span class=\"_ _43\"></span>Topacio Ener<span class=\"_ _43\"></span>gy, S.L.U. wit<span class=\"_ _43\"></span>h 19 CGUs. <span class=\"_ _43\"></span>// 3 Since the re<span class=\"_ _43\"></span>turn on the Ansel<span class=\"_ _43\"></span>ma Issuer, S.A.<span class=\"_ _43\"></span> and Topaci<span class=\"_ _43\"></span>o Energy, S.L.U<span class=\"_ _43\"></span>. portfol<span class=\"_ _43\"></span>ios is secur<span class=\"_ _43\"></span>ed by tariff for<span class=\"_ _43\"></span> the next 15 to 18 ye<span class=\"_ _92\"></span>ars, followed by a period of merc<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ant marketi<span class=\"_ _92\"></span>ng, two WACCs were used for the valuatio<span class=\"_ _92\"></span>n. The implicit pre-ta<span class=\"ls1d1 ws9ec\">x interest rate determined through a process <span class=\"_ _43\"></span>of </span>iteration amounted to 7.<span class=\"_ _92\"></span>24 %\u2013 <span class=\"fsc ls42 ws40\">7.51 %. // </span>4 The impairment as a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31 December 2022 comp<span class=\"_ _92\"></span>rises the impairment of 9 CGUs in the Anselma Issuer,<span class=\"_ _92\"></span> <span class=\"ls39 wsb5c\">S.A. portfolio in the<span class=\"_ _92\"></span> amount o<span class=\"ls23e ws0\">f </span></span>\u20ac15.4m and 19 CG<span class=\"_ _92\"></span>Us <span class=\"_ _43\"></span>in the Topacio Ene<span class=\"_ _92\"></span>rgy, S.L.U. portfolio in the amount of<span class=\"_ _92\"></span> \u20ac34.2m.<span class=\"_ _333\"> </span>Impairment test Spanis<span class=\"_ _92\"></span>h renewables p<span class=\"_ _92\"></span>ortfolio deve<span class=\"_ _92\"></span>lopment projects    <span class=\"_ _28b\"> </span><span class=\"ff2c ls23c\">31/12/202<span class=\"_ _43\"></span>2<span class=\"_ _333\"> </span></span>1<span class=\"_ _333\"> </span>Group of  cash-generating units<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Wind/PV portfolios with a cap<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>city of 2,129 <span class=\"ls2d ws90d\">MW u<span class=\"_ _92\"></span>nder development (Tejo Solar, S.L.U,  </span>Catalpa Solar, S.L.U. and VERBUN<span class=\"_ _43\"></span>D Green Power Renewable Projects<span class=\"_ _43\"></span>, S.L.U.) Basis for  recov<span class=\"_ _92\"></span>erable amount Value in use Indications of impairment Updated electricity price forecasts a<span class=\"_ _43\"></span>nd updated discount rate V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _16d\"> </span><span class=\"ff2f ls36 ws68\">Net present value approach (DCF method) </span>Derivation of cash flo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span> <span class=\"_ _258\"> </span><span class=\"ff2f ls1a ws24\">VERBUND\u2019s planning (based primarily on near-market data) </span>V<span class=\"_ _92\"></span>olume <span class=\"_ _bd\"> </span><span class=\"ff2f ls59 ws22\">Electricity generation </span>Price <span class=\"_ _16f\"> </span><span class=\"ff2f lsca ws30\">Internal price forecast for pr<span class=\"ls0 ws1b\">ojects, premium for addi<span class=\"_ _43\"></span>tional proceeds from the sale of </span></span>guarantees of origin (derived from quoted prices) Planning period <span class=\"_ _24\"> </span><span class=\"ff2f ws1b\">Detailed planning phase: 6 years </span>Rough planning phase: 29 year<span class=\"ls26 ws91b\">s (PV) or 24 years (wind) </span>Ke<span class=\"_ _0\"></span>y measurement assumptions Electricity price, discount rate After-tax di<span class=\"_ _92\"></span>scount rate <span class=\"_ _274\"> </span><span class=\"ff2f ls46 ws2b\">WACC: 6.50 %<span class=\"_ _333\"> </span></span>3<span class=\"_ _333\"> </span>Recov<span class=\"_ _92\"></span>erable amount <span class=\"_ _a8\"> </span><span class=\"ff2f ls18 ws0\">\u20ac373.1m </span>Impairment losses  during the period<span class=\"_ _333\"> </span>4<span class=\"_ _333\"> </span>\u20ac\u2013<span class=\"fsa ls0\"> </span>2.0m 1 Impairment test on 31 Dece<span class=\"_ _92\"></span>mber 2022 following the acquisition of<span class=\"_ _92\"></span> shares on 28 July 2022. // 2 The devel<span class=\"_ _43\"></span>opment projects<span class=\"_ _43\"></span> can be br<span class=\"_ _43\"></span>oken down int<span class=\"_ _43\"></span>o the follow<span class=\"_ _43\"></span>ing portf<span class=\"_ _43\"></span>olios: Tejo Solar, S.L.U. with 18 CGUs, Catalpa Solar, S.L.U. with 5 CGUs and VERBUND Green P<span class=\"_ _43\"></span>ower Renewable Projects, S.L.U. with 3 CGUs. /<span class=\"ls241 ws0\">/ </span>3 The implic<span class=\"_ _43\"></span>it pre-tax in<span class=\"_ _43\"></span>terest r<span class=\"_ _43\"></span>ate determined through a process of iteration amounted to 8.57 %\u2013 <span class=\"fsc ls234 wsb4a\">8.67 %. // </span>4 The impairment as at 31 Dec<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mber 2022 relates to<span class=\"_ _92\"></span> 2 <span class=\"_ _43\"></span>CGUs in the Tejo Sol<span class=\"_ _92\"></span>ar, S.L.U. portfolio.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-39": {
   "value": "Determination of fair value F<span class=\"_ _92\"></span>air values ar<span class=\"_ _92\"></span>e to be determined primarily based on<span class=\"ls0 ws101\"> market prices and can, for example, be based on </span>existing binding pur<span class=\"_ _92\"></span>chase offers, secondary pricing on active m<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>rkets or<span class=\"_ _92\"></span> comparable r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cent transactions within the<span class=\"_ _43\"></span> industry<span class=\"_ _43\"></span> according to the me<span class=\"ls99 ws54a\">asurement hierarch<span class=\"_ _92\"></span>y in IFR<span class=\"_ _43\"></span>S 13. If fair value cannot </span>be determined based on mar<span class=\"_ _92\"></span>ket prices, valuation t<span class=\"_ _92\"></span>echniques based on a net present valu<span class=\"_ _0\"></span>e appr<span class=\"_ _92\"></span>oach (d<span class=\"_ _92\"></span>iscounted cash flow method) ar<span class=\"_ _92\"></span>e used. Future in<span class=\"_ _92\"></span>vestments to enhanc<span class=\"_ _92\"></span>e or improve perform<span class=\"_ _92\"></span>ance and restructuring ex<span class=\"_ _92\"></span>penditures ar<span class=\"_ _92\"></span>e taken into account when<span class=\"_ _92\"></span> determining fair value<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> Price listings for<span class=\"_ _92\"></span> energy futures ar<span class=\"_ _92\"></span>e used in pricing as long as ther<span class=\"_ _0\"></span>e is a liquid mar<span class=\"_ _92\"></span>ket. Accordin<span class=\"_ _92\"></span>gly, the most recent price l<span class=\"_ _92\"></span>istings are applied t<span class=\"_ _92\"></span>o the price forecast of a r<span class=\"_ _92\"></span>eputable informa<span class=\"_ _0\"></span>tion service provider in the en<span class=\"_ _92\"></span>ergy market b<span class=\"_ _92\"></span>y means of linear interpolat<span class=\"_ _43\"></span>ion.  The excess fin<span class=\"_ _92\"></span>ancial return expected in the period aft<span class=\"_ _92\"></span>er the end of the applicability o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> the price forec<span class=\"_ _92\"></span>asts in the energy marke<span class=\"_ _92\"></span>t (= terminal value phase) is tak<span class=\"_ _92\"></span>en into account by wa<span class=\"_ _92\"></span>y of terminal val<span class=\"_ _92\"></span>ue calculatio<span class=\"_ _92\"></span>n, whereby the c<span class=\"_ _92\"></span>alculation is based on an assump<span class=\"_ _92\"></span>tion that the excess fin<span class=\"_ _92\"></span>ancial return will grow<span class=\"_ _92\"></span> at a rate of 2 %.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-584": {
   "value": "The carrying amoun<span class=\"_ _92\"></span>ts of interests accoun<span class=\"_ _92\"></span>ted for using the equity method ar<span class=\"_ _92\"></span>e adjusted to<span class=\"_ _92\"></span> reflect changes in the investee<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s net assets in accor<span class=\"_ _92\"></span>dance with IAS 28 no later th<span class=\"_ _92\"></span>an one quarter following the underlying changes<span class=\"_ _92\"></span>. If VERBUND\u2019<span class=\"_ _14\"></span>s share of l<span class=\"_ _92\"></span>osses from an int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rest acco<span class=\"_ _92\"></span>unted for using the equity me<span class=\"_ _92\"></span>thod corres<span class=\"_ _92\"></span>ponds to or exceeds the carrying amoun<span class=\"_ _92\"></span>t of th<span class=\"ls74 ws920\">e equity inter<span class=\"_ _92\"></span>est, additional losses ar<span class=\"_ _92\"></span>e only taken </span>into accoun<span class=\"_ _92\"></span>t and recognised as a liability to th<span class=\"_ _92\"></span>e extent that leg<span class=\"_ _92\"></span>al or constructive obligat<span class=\"_ _92\"></span>ions were undertaken or pa<span class=\"_ _92\"></span>yments were m<span class=\"_ _92\"></span>ade for the equity-accounted inter<span class=\"_ _92\"></span>est. The carrying amount of the equity-accounted int<span class=\"_ _92\"></span>erest includes the shar<span class=\"_ _92\"></span>e calculated based on<span class=\"_ _92\"></span> equity method accounting plus all<span class=\"_ _92\"></span> long-term equity inter<span class=\"_ _92\"></span>ests that ar<span class=\"_ _92\"></span>e to be allocated to the net in<span class=\"_ _92\"></span>vestment in the equity-accoun<span class=\"_ _92\"></span>ted interest based on their economi<span class=\"_ _92\"></span>c substance. Net in<span class=\"_ _92\"></span>vestments in associated compan<span class=\"_ _92\"></span>ies and joint ventures <span class=\"_ _92\"></span>are tested for objective indica<span class=\"_ _92\"></span>tions of<span class=\"_ _43\"></span> impairment at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. If there ar<span class=\"_ _92\"></span>e any such indic<span class=\"_ _92\"></span>ations, an impairment t<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st must b<span class=\"_ _92\"></span>e conducted for int<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rests accoun<span class=\"_ _92\"></span>ted for using the equity method in accor<span class=\"_ _92\"></span>dance with IAS 36<span class=\"_ _333\"> </span>4.6<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb23\">Other equity interests</span><span class=\"ls1ba wsb23\"> </span>Equity interests in unconsolidat<span class=\"_ _43\"></span>ed (for lack of mater<span class=\"_ _43\"></span>i<span class=\"ls83 ws45\">ality) subsidiaries<span class=\"_ _92\"></span>, associates and joint ventur<span class=\"_ _92\"></span>es not </span>accounted for usin<span class=\"_ _92\"></span>g the equity method and other equity inter<span class=\"_ _92\"></span>ests are accoun<span class=\"_ _0\"></span>ted for in accordance with IFRS <span class=\"_ _87\"></span>9. If these equity<span class=\"_ _43\"></span> interests are held for the long term due to strategic considerations, they are classified as measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough other compre<span class=\"_ _92\"></span>hensive income (FVO<span class=\"_ _43\"></span>CI). Otherwise they are classified as measur<span class=\"_ _92\"></span>ed at fair value thro<span class=\"_ _92\"></span>ugh profit or los<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> (FVPL). The fair value of the<span class=\"_ _92\"></span> equity interests is derived, dep<span class=\"_ _43\"></span>ending on the situation, from market quotations, compara<span class=\"_ _92\"></span>ble<span class=\"_ _43\"></span> recent transactions, valuations based on th<span class=\"_ _43\"></span>e discounted cash flow or market multiples me<span class=\"_ _43\"></span>thods and/or cost<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>4.7<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Investments, non-current receivables from derivativ<span class=\"_ _92\"></span>e  </span>financial instruments and no<span class=\"ls120 ws6d1\">n-current other receivables</span><span class=\"ls120 ws6d1\"> </span>Investments and loans are classified based on the provisions of IFRS <span class=\"_ _80\"></span>9.<span class=\"_ _43\"></span> Acquisitions and disposals of investmen<span class=\"_ _92\"></span>ts are recognised a<span class=\"_ _92\"></span>t the trade date<span class=\"_ _92\"></span>. The carrying amount of fin<span class=\"_ _92\"></span>ancial assets measured a<span class=\"_ _92\"></span>t amortised cost is determined based o<span class=\"_ _92\"></span>n the effective interest meth<span class=\"_ _92\"></span>od in consideration of any im<span class=\"_ _92\"></span>pairment losses<span class=\"_ _92\"></span>. The carr<span class=\"_ _43\"></span>ying amount<span class=\"_ _92\"></span> of financial assets measur<span class=\"_ _92\"></span>ed at fair value in the bal<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nce sheet is derive<span class=\"_ _92\"></span>d based on IFRS <span class=\"_ _80\"></span>13\u2019<span class=\"_ _92\"></span>s fair value hier<span class=\"_ _92\"></span>archy (see section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>5 Fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instruments). T<span class=\"_ _0\"></span>he notes r<span class=\"_ _92\"></span>egarding the closed items on the b<span class=\"_ _92\"></span>alance sheet can be found in<span class=\"_ _0\"></span> secti<span class=\"ls6f ws5d3\">on 8.1 F<span class=\"_ _92\"></span>inancial liabilities <span class=\"_ _92\"></span>as well as in section 11 </span>Risk mana<span class=\"_ _92\"></span>gement.<span class=\"_ _333\"> </span>5.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span><span class=\"ff2a\">Accounting treatment of finan<span class=\"_ _92\"></span>cial instruments</span></span><span class=\"ff36 ls0\"><span class=\"ff2a\"> </span></span>Primary financial instruments For information r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>garding acco<span class=\"_ _92\"></span>unting polici<span class=\"ls80 wsde\">es for primar<span class=\"_ _43\"></span>y financial instruments see: </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls28 ws2ae\">Interests accounted for using the e<span class=\"_ _43\"></span>quity method \u2013<span class=\"_ _43\"></span> section 4.5 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">Other equity inter<span class=\"_ _92\"></span>ests \u2013 section 4.6 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls98 wsc6\">Investments and non-current othe<span class=\"_ _43\"></span>r receivables \u2013 section 4.7 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital \u2013 section 6 </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls80 wsde\">Liabilities \u2013 section 8 </span></span>Deriva<span class=\"_ _92\"></span>tive financia<span class=\"_ _92\"></span>l instruments  Derivative fina<span class=\"_ _92\"></span>ncial instruments are r<span class=\"_ _92\"></span>ecognised at fair value when the contr<span class=\"_ _92\"></span>act is entered in<span class=\"_ _92\"></span>to and are subsequently me<span class=\"_ _92\"></span>asured at fair value<span class=\"_ _92\"></span>. As a rule, unrealised r<span class=\"_ _92\"></span>emeasuremen<span class=\"_ _92\"></span>t gains or losses are recognised in the inco<span class=\"_ _92\"></span>me statement if the requir<span class=\"_ _92\"></span>ements for recognition o<span class=\"_ _92\"></span>f<span class=\"_ _43\"></span> hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships (hedg<span class=\"_ _92\"></span>e accounting) in <span class=\"_ _92\"></span>accordance with IFRS <span class=\"_ _80\"></span>9 are n<span class=\"_ _92\"></span>ot met (see section <span class=\"_ _87\"></span>5.2 Accounting trea<span class=\"_ _92\"></span>tment of hedging relationships). Derivative fin<span class=\"_ _92\"></span>ancial instruments with positive fair<span class=\"_ _0\"></span> values ar<span class=\"_ _92\"></span>e recognised under r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables fr<span class=\"_ _92\"></span>om derivative finan<span class=\"_ _92\"></span>cial instruments, while those <span class=\"_ _92\"></span>with ne<span class=\"ws105\">gative fair values ar<span class=\"_ _92\"></span>e recognised under liabilities </span>from deriv<span class=\"_ _92\"></span>ative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments. If a f<span class=\"_ _92\"></span>ramework agr<span class=\"_ _92\"></span>eement with a netting arr<span class=\"_ _92\"></span>angement h<span class=\"_ _92\"></span>as been enter<span class=\"_ _92\"></span>ed into with a counterparty, th<span class=\"_ _92\"></span>e positive and negative fair v<span class=\"_ _92\"></span>alues of the transactio<span class=\"_ _92\"></span>ns for this counterparty fo<span class=\"_ _92\"></span>r the corresponding periods ar<span class=\"_ _92\"></span>e netted for accountin<span class=\"_ _92\"></span>g purposes because the aim is to settle on a net<span class=\"_ _43\"></span> basis. So-called own-use contracts are not accoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d for as <span class=\"lsbc ws978\">derivative financial inst<span class=\"ls98 ws671\">ruments, but instead as </span></span>executory contracts (<span class=\"_ _92\"></span>own use exem<span class=\"_ _92\"></span>ption). If supplier contr<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>cts that<span class=\"_ _92\"></span> previously repr<span class=\"_ _92\"></span>esented own-use contracts le<span class=\"_ _92\"></span>ad to a net settlement within the <span class=\"_ _92\"></span>meaning of IFRS <span class=\"_ _92\"></span>9, they must be qualified as fr<span class=\"_ _92\"></span>eestanding derivatives and r<span class=\"_ _92\"></span>ecognised at fair value thr<span class=\"_ _92\"></span>ough profit or los<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span>In the even<span class=\"_ _92\"></span>t of insolvency, derivative fin<span class=\"_ _92\"></span>ancial instruments in the fin<span class=\"_ _92\"></span>ance area (under closed it<span class=\"_ _92\"></span>ems on the balance sheet)<span class=\"_ _92\"></span> can be netted agains<span class=\"_ _92\"></span>t the financial liabilities cl<span class=\"_ _92\"></span>assified as FVPL (under closed items on the balance <span class=\"_ _92\"></span>sheet) (see section 11 Risk man<span class=\"_ _92\"></span>agement).<span class=\"_ _333\"> </span>5.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Accounting treatment of <span class=\"ls124 ws2ca\">hedging relationships</span></span><span class=\"lsef ws877\"><span class=\"ls124 ws2ca\"> </span></span>VERBUND applies speci<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l accountin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> policies fo<span class=\"_ _92\"></span>r hedging relatio<span class=\"_ _92\"></span>nships in the energy are<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span> as well as in<span class=\"_ _92\"></span> the finance area. 5.2.1 Hedging transactions in the energy area VERBUND emplo<span class=\"_ _92\"></span>ys electricity for<span class=\"_ _43\"></span>ward con<span class=\"_ _92\"></span>tracts and electricity futur<span class=\"_ _92\"></span>es contracts as well as <span class=\"_ _92\"></span>options as derivatives within th<span class=\"ls63 ws42e\">e meaning of IFRS <span class=\"_ _14\"></span>9 as part of cash fl<span class=\"ls82 ws801\">ow hedges in the energy ar<span class=\"_ _92\"></span>ea. Since the 2020 </span></span>financial year<span class=\"_ _80\"></span>, options have been used as part <span class=\"_ _92\"></span>of a collar strategy in which a certain<span class=\"_ _92\"></span> price band is to be hedged for futur<span class=\"_ _92\"></span>e electricity purchases<span class=\"_ _92\"></span>. The goal of<span class=\"lsa2 ws10c\"> hedging rel<span class=\"_ _92\"></span>ationships is to reduce the cash fl<span class=\"_ _92\"></span>ow </span>volatility r<span class=\"_ _92\"></span>esulting from<span class=\"_ _92\"></span> market price fluctuation<span class=\"_ _92\"></span>s by hedging the prices for the fo<span class=\"_ _0\"></span>llowing tran<span class=\"_ _92\"></span>sactions<span class=\"_ _43\"></span>: (1)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"ws366\">sale of own gener<span class=\"_ _92\"></span>ation and marketin<span class=\"_ _92\"></span>g of electricity from r<span class=\"_ _92\"></span>enewable energy plan<span class=\"_ _92\"></span>ts not owned by </span>VERBUND; (2)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for electricity deliveries to customers; and </span>(3)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for gas deliveries to customer<span class=\"_ _92\"></span>s. </span>The timing and amo<span class=\"_ _92\"></span>unt of the hedging of futur<span class=\"_ _92\"></span>e electricity deliveries depends in each c<span class=\"_ _92\"></span>ase on the curren<span class=\"_ _92\"></span>t price trend. As a gener<span class=\"_ _92\"></span>al rule, the hed<span class=\"_ _92\"></span>ges are enter<span class=\"_ _92\"></span>ed into successively. A <span class=\"_ _92\"></span>portion of the entir<span class=\"_ _92\"></span>e volume anticipa<span class=\"_ _92\"></span>ted is hedged correspondin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> to the risk man<span class=\"_ _92\"></span>agement stra<span class=\"_ _92\"></span>tegy. As a rule, once th<span class=\"_ _92\"></span>e relevan<span class=\"_ _92\"></span>t contractual terms of the <span class=\"_ _92\"></span>electricity futures<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> forwards and option<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> enter<span class=\"_ _92\"></span>ed into coincide with those of the underl<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span>ing trans<span class=\"_ _92\"></span>actions, a qualitative meas<span class=\"_ _92\"></span>urement of effectivenes<span class=\"_ _92\"></span>s is carried out. As a general rule<span class=\"_ _92\"></span>, it can be assumed that <span class=\"_ _92\"></span>the changes in the value o<span class=\"_ _92\"></span>f the hedging instruments en<span class=\"_ _92\"></span>tirely offset the changes in<span class=\"_ _92\"></span> the future cash flo<span class=\"_ _92\"></span>ws.  The exception<span class=\"_ _92\"></span> to this rule is hedges of electrici<span class=\"_ _92\"></span><span class=\"ls33 ws349\">ty deliveries on a mark<span class=\"_ _92\"></span>et differing from the place of<span class=\"_ _92\"></span> </span>delivery. Such hedges ha<span class=\"_ _92\"></span>ve been used since 1 <span class=\"_ _87\"></span>Oc<span class=\"ls7d wsad1\">tober 2018 as a consequence of the restriction on </span>unlimited tradin<span class=\"_ _92\"></span>g on the German-Austrian electricity <span class=\"ls74 ws7a5\">m<span class=\"_ _92\"></span>arket. Due t<span class=\"_ _92\"></span>o the higher liquidity, the m<span class=\"_ _92\"></span>ajority </span>of Aus<span class=\"_ _92\"></span>trian electricity deliveries are hedged with Germ<span class=\"_ _92\"></span>an futures mark<span class=\"_ _92\"></span>et products<span class=\"_ _92\"></span>. The Austrian price is made up of the German<span class=\"_ _92\"></span> pr<span class=\"_ _43\"></span>ice plus a German/Austrian<span class=\"_ _92\"></span> spread. German forward pr<span class=\"_ _92\"></span>oducts are therefo<span class=\"_ _92\"></span>re used to hedge A<span class=\"_ _92\"></span>ustrian electrici<span class=\"ls81 ws4f2\">ty deliveries, <span class=\"_ _92\"></span>whereby the co<span class=\"_ _92\"></span>nditions between the hedging ins<span class=\"_ _92\"></span>truments </span>and the planned cash fl<span class=\"_ _92\"></span>ows essentially ma<span class=\"_ _92\"></span>tch also in these cases<span class=\"_ _92\"></span>.  Insignifican<span class=\"_ _92\"></span>t ineffective portions of the hed<span class=\"_ _92\"></span>ges can result fr<span class=\"_ _92\"></span>om the German/Austrian<span class=\"_ _92\"></span> location spr<span class=\"_ _92\"></span>ead, from ch<span class=\"_ _92\"></span>anges in the counterparty\u2019<span class=\"_ _14\"></span>s or VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s credit risk or a r<span class=\"_ _92\"></span>educed volume of the expected electricity delivery.  Accounting tr<span class=\"_ _92\"></span>eatment of hedging<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>transactions i<span class=\"_ _92\"></span>n the energy area In the case of <span class=\"_ _92\"></span>derivative financial instrumen<span class=\"_ _92\"></span>ts that are desig<span class=\"_ _92\"></span>nated as cash flow hedges in<span class=\"_ _92\"></span> accordance with IFRS <span class=\"_ _14\"></span>9, the portion of<span class=\"_ _92\"></span> the unrealised gains or<span class=\"_ _92\"></span> losses that is determin<span class=\"_ _92\"></span>ed to be an effective hedge is recognised in o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her compr<span class=\"_ _92\"></span>ehensive income. In<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>contras<span class=\"_ _92\"></span>t, ineffective portions of the hedge ar<span class=\"_ _92\"></span>e recognised in profit o<span class=\"_ _92\"></span>r loss. When using op<span class=\"_ _92\"></span>tions, only the in<span class=\"_ _92\"></span>trinsi<span class=\"ls108 ws329\">c value of the op<span class=\"_ _92\"></span>tions will <span class=\"lsa3 ws152\">be designat<span class=\"_ _92\"></span>ed within the<span class=\"_ _43\"></span> </span></span>framewor<span class=\"_ _92\"></span>k of the hedging rela<span class=\"_ _92\"></span>tionship and the change in fair value wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be recognised separ<span class=\"_ _92\"></span>ately as costs of hedging in othe<span class=\"ls99 ws369\">r compre<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ensive income.<span class=\"_ _333\"> </span></span>Unr<span class=\"_ _92\"></span>ealised gains or losses ar<span class=\"_ _92\"></span>e only reclas<span class=\"_ _92\"></span>sified <span class=\"_ _43\"></span>(\u201c<span class=\"ls7c ws361\">r<span class=\"_ _92\"></span>ec<span class=\"_ _43\"></span>ycled\u201d) to t<span class=\"_ _92\"></span>he income statemen<span class=\"_ _92\"></span>t when the hedged </span>item affects profit or loss<span class=\"_ _92\"></span>.  Electricity, gas and CO<span class=\"_ _333\"> </span>2 derivatives<span class=\"_ _92\"></span> not designated as hed<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>ing instruments <span class=\"_ _92\"></span>are allocated to<span class=\"_ _92\"></span> the wholesale portf<span class=\"_ _92\"></span>olio<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> F<span class=\"_ _92\"></span>air value changes<span class=\"_ _92\"></span> in (freestanding) el<span class=\"_ _92\"></span>ectricity and gas deriva<span class=\"_ _92\"></span>tives in the wholesale portfolio tha<span class=\"_ _92\"></span>t were not designa<span class=\"_ _92\"></span>ted as hedging instruments ar<span class=\"_ _92\"></span>e recognised in profit or<span class=\"_ _92\"></span> loss net of previously r<span class=\"_ _92\"></span>ealised futures and follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing the netting of <span class=\"_ _92\"></span>positive and negative fair values<span class=\"_ _92\"></span>. 5.2.2 Hedging trans<span class=\"_ _92\"></span>actions<span class=\"ls250 wsa81\"> in the finance area </span>Apart fr<span class=\"_ _92\"></span>om derivative transac<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ions in connection with closed items on<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he balance sheet, futur<span class=\"_ _92\"></span>e payments un<span class=\"_ _92\"></span>der financial liabilities bearing in<span class=\"_ _92\"></span>terest at a varia<span class=\"_ _92\"></span>ble rate are hedged b<span class=\"_ _92\"></span>y means of inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> s<span class=\"_ _80\"></span>w<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>p<span class=\"_ _87\"></span>s<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> o<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>d<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span>u<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> c<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> f<span class=\"_ _80\"></span>l<span class=\"_ _80\"></span>o<span class=\"_ _87\"></span>w<span class=\"_ _80\"></span> r<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span> w<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> m<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _87\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _87\"></span>.<span class=\"_ _80\"></span> <span class=\"_ _80\"></span> The hedging instr<span class=\"_ _43\"></span>uments\u2019 contract terms are almost <span class=\"ls76 ws1f6\">identical to those o<span class=\"_ _92\"></span>f th<span class=\"ls6f ws74\">e hedged items (critic<span class=\"_ _92\"></span>al </span></span>terms matc<span class=\"_ _92\"></span>h). The qualitative basis of <span class=\"_ _92\"></span>this economic relatio<span class=\"_ _92\"></span>nship is regularly r<span class=\"_ _92\"></span>eviewed by VERBUND<span class=\"_ _92\"></span>. <span class=\"_ _80\"></span> As a general rul<span class=\"_ _92\"></span>e, it can be assum<span class=\"_ _92\"></span>ed that the changes in <span class=\"_ _92\"></span>the value of the he<span class=\"_ _92\"></span>dging instruments entir<span class=\"_ _92\"></span>ely offset the chang<span class=\"_ _92\"></span>es in the future cash flo<span class=\"_ _92\"></span>ws. The entir<span class=\"_ _92\"></span>e risk of an increase in the m<span class=\"_ _92\"></span>arket inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st ra<span class=\"_ _92\"></span>te with respect to v<span class=\"_ _92\"></span>ariable-interest-be<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ring financial liabilities is n<span class=\"_ _92\"></span>ot always hedged, i.e<span class=\"_ _92\"></span>. the hedge ratio doe<span class=\"_ _0\"></span>s not always amount to 100 <span class=\"_ _87\"></span>%. In<span class=\"_ _0\"></span>effe<span class=\"ls0 ws11c\">ctive portions of the hedges can only r<span class=\"_ _92\"></span>esult from changes in the </span>counterparty\u2019<span class=\"_ _14\"></span>s or VERBUND\u2019<span class=\"_ _14\"></span>s cr<span class=\"_ _92\"></span>edit <span class=\"_ _43\"></span>risk. Pa<span class=\"_ _92\"></span>yments are m<span class=\"_ _92\"></span>ade on interest r<span class=\"_ _92\"></span>ate swaps every six months<span class=\"_ _92\"></span>. The underlying variabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> market in<span class=\"_ _92\"></span>terest rate is the six-month EURIBOR. The future interest payments hedged by the interest rate swaps occur in the following 13 years (2023 to 2035) and will be <span class=\"ls7d ws21e\">recognised in profit <span class=\"ls0\">or loss accor<span class=\"_ _92\"></span>dingly. </span></span>Accounting t<span class=\"_ _92\"></span>reatment of he<span class=\"_ _92\"></span>dging transactions i<span class=\"_ _92\"></span>n the finance ar<span class=\"_ _92\"></span>ea  Some of the inter<span class=\"_ _92\"></span>est rate s<span class=\"_ _92\"></span>waps are designa<span class=\"_ _92\"></span>ted as cash flow hedges in acco<span class=\"_ _92\"></span>rdance with IFRS <span class=\"_ _80\"></span>9. Those inter<span class=\"_ _92\"></span>est rate swaps tha<span class=\"_ _92\"></span>t hedge intra-Gr<span class=\"_ _92\"></span>oup financing at the subsidiary level are <span class=\"_ _92\"></span>accounted for as derivatives meas<span class=\"_ _92\"></span>ured at fair value thro<span class=\"_ _92\"></span>ugh prof<span class=\"ls80 ws54e\">it or loss in VERBUND\u2019<span class=\"_ _14\"></span>s consolidated financial </span>statemen<span class=\"_ _92\"></span>ts. With r<span class=\"_ _92\"></span>espect to individual closed items o<span class=\"_ _92\"></span>n the balance sheet (see sectio<span class=\"_ _92\"></span>n <span class=\"_ _87\"></span>8.1 F<span class=\"_ _92\"></span>inancial liabilities and section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>11 Risk management), <span class=\"_ _92\"></span>the investme<span class=\"ls97 ws9af\">nts result in variable income that is offset by </span>fixed expenses<span class=\"_ _92\"></span>. In order to<span class=\"_ _92\"></span> avoid risk, inter<span class=\"_ _92\"></span>est rate swaps h<span class=\"_ _92\"></span>ave been ent<span class=\"_ _92\"></span>ered into for the corr<span class=\"_ _92\"></span>esponding financial li<span class=\"_ _92\"></span>abilities. These<span class=\"_ _92\"></span> interest ra<span class=\"_ _92\"></span>te swaps exhibit a risk pr<span class=\"_ _92\"></span>ofile that <span class=\"_ _92\"></span>perfectly opposes the corres<span class=\"_ _92\"></span>ponding profile of the as<span class=\"_ _92\"></span>sociated balance sheet items<span class=\"_ _92\"></span>. Therefor<span class=\"_ _92\"></span>e, the carrying amoun<span class=\"_ _92\"></span>t of the associated financial liabilities is adjusted accordin<span class=\"_ _92\"></span><span class=\"ls74 ws347\">g to the hedged risk to balance o<span class=\"_ _92\"></span>ut the fair value </span>measur<span class=\"_ _92\"></span>ement of the inter<span class=\"_ _92\"></span>est rate swa<span class=\"_ _92\"></span>ps. The fair value of in<span class=\"_ _92\"></span>terest rate s<span class=\"_ _92\"></span>waps corresponds to<span class=\"_ _92\"></span> the amount that VERBUN<span class=\"_ _92\"></span>D would receive or ha<span class=\"_ _92\"></span>ve to pay if the <span class=\"_ _92\"></span>transaction wer<span class=\"_ _92\"></span>e terminated on the r<span class=\"_ _92\"></span>eporting date<span class=\"_ _92\"></span>. When calculatin<span class=\"_ _92\"></span>g that amoun<span class=\"_ _92\"></span>t, current inter<span class=\"_ _92\"></span>est rates, yield curves and coun<span class=\"_ _92\"></span>terparty<span class=\"_ _43\"></span> credit risk in particular ar<span class=\"_ _92\"></span>e taken into account (see<span class=\"_ _92\"></span> section 5 Financia<span class=\"ls38 ws1a0\">l instrument<span class=\"_ _43\"></span>s).</span><span class=\"ls38 ws1a0\"> </span>6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span>W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span>instruments<span class=\"_ _43\"></span>; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span>Trade receiv<span class=\"_ _92\"></span>ables and receivables from investees ar<span class=\"_ _92\"></span>e cl<span class=\"ls95 wsa66\">assified as measured a<span class=\"_ _92\"></span>t amortised cost (AC) and </span>thus account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for at cost less a<span class=\"_ _92\"></span>ny impairment losses (see section 5 F<span class=\"_ _92\"></span>inancial assets).<span class=\"_ _333\"> </span>8.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba\">Liabilities </span>The notes in this s<span class=\"_ _43\"></span>ection relate to non-current and current financial liabilities as we<span class=\"_ _43\"></span>ll as non-current other liabilities. Details reg<span class=\"_ _92\"></span>arding trade payables an<span class=\"ls78 ws421\">d curr<span class=\"_ _92\"></span>ent other liabilities are pr<span class=\"_ _92\"></span>ovided in section <span class=\"_ _14\"></span>6 </span>W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital.<span class=\"_ _333\"> </span>8.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 ws309\">Financial liabilities<span class=\"_ _333\"> </span></span><span class=\"ls101 ws309\"> </span>Financial liabilities ar<span class=\"_ _92\"></span>e recognised at fair value when<span class=\"lsa8 ws78b\"> the funds are pro<span class=\"_ _92\"></span>vide<span class=\"_ _43\"></span>d. As a rule, this<span class=\"_ _43\"></span> corresponds </span>to the amoun<span class=\"_ _92\"></span>t actually received. Any pr<span class=\"_ _92\"></span>emiums or discounts ar<span class=\"_ _92\"></span>e allocated over th<span class=\"_ _92\"></span>e financing term by applying the effective in<span class=\"_ _92\"></span>terest method and pr<span class=\"_ _92\"></span>esented on an accrual basis in inter<span class=\"_ _92\"></span>est expenses. Individual financial liabilities originally incur<span class=\"_ _43\"></span>red in connection with<span class=\"_ _43\"></span> cross-border leasing transactions were classified at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue throug<span class=\"ls9c ws598\">h pr<span class=\"_ _92\"></span>ofit or loss up<span class=\"_ _43\"></span>on initial recogn<span class=\"ls26 ws4d7\">ition using the fair<span class=\"_ _92\"></span> value option. <span class=\"_ _80\"></span> </span></span>As a result<span class=\"_ _92\"></span>, measurement in<span class=\"_ _92\"></span>consistencies that would ha<span class=\"_ _92\"></span>ve otherwise arisen could be eliminated. The closed items on the balance<span class=\"_ _43\"></span> sheet reported under financial liabilit<span class=\"_ _43\"></span>ies as well as under investments r<span class=\"_ _92\"></span>elate to the cross-bo<span class=\"ls71\">r<span class=\"_ _92\"></span>der leasing transactions that we<span class=\"ls7a ws86\">re terminated early in 2009 and 2010. </span></span>Some of the tr<span class=\"_ _92\"></span>ansactions wer<span class=\"_ _92\"></span>e terminated in their en<span class=\"_ _92\"></span>tirety, i.e<span class=\"_ _92\"></span>. all investments an<span class=\"_ _92\"></span>d all liabilities (A-loans and B-loans) wer<span class=\"_ _92\"></span>e repaid. Some of the tr<span class=\"_ _92\"></span>ansactions were onl<span class=\"_ _92\"></span>y <span class=\"_ _43\"></span>partially terminat<span class=\"_ _92\"></span>ed, whereby the existin<span class=\"_ _92\"></span>g B-loans and the corr<span class=\"_ _92\"></span>esponding investment<span class=\"_ _92\"></span>s were continued. Ther<span class=\"_ _92\"></span>efore, balan<span class=\"_ _92\"></span>ce sheet cover r<span class=\"_ _92\"></span>emains in place. Th<span class=\"_ _92\"></span>e accounting balances denomin<span class=\"_ _92\"></span>ated in foreign curr<span class=\"_ _92\"></span>ency<span class=\"_ _43\"></span> (US dollar) ar<span class=\"_ _92\"></span>e measured at the exchange<span class=\"_ _92\"></span> rate pr<span class=\"_ _92\"></span>evailing at the <span class=\"_ _92\"></span>reporting date<span class=\"_ _92\"></span>. Expenses and income fr<span class=\"_ _92\"></span>om the measur<span class=\"_ _92\"></span>ement corres<span class=\"_ _92\"></span>pond to one ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her both in terms<span class=\"_ _92\"></span> of value as well as with r<span class=\"_ _92\"></span>espect to the val<span class=\"_ _92\"></span>ue date and are offset<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> The financial in<span class=\"_ _92\"></span>vestments and liabilities r<span class=\"_ _92\"></span>esulting from the cr<span class=\"_ _92\"></span>oss-border leasing tr<span class=\"_ _92\"></span>ansactions that wer<span class=\"_ _92\"></span>e terminat<span class=\"_ _92\"></span>ed early continue to be pr<span class=\"_ _92\"></span>esented separately in the not<span class=\"_ _92\"></span>es to the consolidated financial statemen<span class=\"_ _92\"></span>ts in order to impr<span class=\"_ _92\"></span>ove clarity; with the ex<span class=\"_ _92\"></span>ception of the valuation<span class=\"_ _92\"></span> allowances recognised fo<span class=\"_ _92\"></span>r expected credit <span class=\"_ _92\"></span>losses, all items ar<span class=\"_ _92\"></span>e closed on the balance sheet <span class=\"_ _92\"></span>(see section 11 Risk manageme<span class=\"_ _92\"></span>nt).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-40": {
   "value": "4.6<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb23\">Other equity interests</span><span class=\"ls1ba wsb23\"> </span>Equity interests in unconsolidat<span class=\"_ _43\"></span>ed (for lack of mater<span class=\"_ _43\"></span>i<span class=\"ls83 ws45\">ality) subsidiaries<span class=\"_ _92\"></span>, associates and joint ventur<span class=\"_ _92\"></span>es not </span>accounted for usin<span class=\"_ _92\"></span>g the equity method and other equity inter<span class=\"_ _92\"></span>ests are accoun<span class=\"_ _0\"></span>ted for in accordance with IFRS <span class=\"_ _87\"></span>9. If these equity<span class=\"_ _43\"></span> interests are held for the long term due to strategic considerations, they are classified as measur<span class=\"_ _92\"></span>ed at fair value thr<span class=\"_ _92\"></span>ough other compre<span class=\"_ _92\"></span>hensive income (FVO<span class=\"_ _43\"></span>CI). Otherwise they are classified as measur<span class=\"_ _92\"></span>ed at fair value thro<span class=\"_ _92\"></span>ugh profit or los<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> (FVPL). The fair value of the<span class=\"_ _92\"></span> equity interests is derived, dep<span class=\"_ _43\"></span>ending on the situation, from market quotations, compara<span class=\"_ _92\"></span>ble<span class=\"_ _43\"></span> recent transactions, valuations based on th<span class=\"_ _43\"></span>e discounted cash flow or market multiples me<span class=\"_ _43\"></span>thods and/or cost<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-41": {
   "value": "Securities in the amount of \u20ac73.2m (previous <span class=\"ls80\">year: \u20ac67.7m) and loans in the amount of \u20ac334.1m </span>(previous year: \u20ac309.2m) are pledged<span class=\"ls0 ws99d\">. The securities and loans all <span class=\"ls80 wsa5e\">serve banks as collateral for </span></span>borrowin<span class=\"_ _92\"></span>gs.<span class=\"_ _333\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-42": {
   "value": "Derivative fin<span class=\"_ _92\"></span>ancial instruments with positive fair<span class=\"_ _0\"></span> values ar<span class=\"_ _92\"></span>e recognised under r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceivables fr<span class=\"_ _92\"></span>om derivative finan<span class=\"_ _92\"></span>cial instruments, while those <span class=\"_ _92\"></span>with ne<span class=\"ws105\">gative fair values ar<span class=\"_ _92\"></span>e recognised under liabilities </span>from deriv<span class=\"_ _92\"></span>ative financial ins<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ruments. If a f<span class=\"_ _92\"></span>ramework agr<span class=\"_ _92\"></span>eement with a netting arr<span class=\"_ _92\"></span>angement h<span class=\"_ _92\"></span>as been enter<span class=\"_ _92\"></span>ed into with a counterparty, th<span class=\"_ _92\"></span>e positive and negative fair v<span class=\"_ _92\"></span>alues of the transactio<span class=\"_ _92\"></span>ns for this counterparty fo<span class=\"_ _92\"></span>r the corresponding periods ar<span class=\"_ _92\"></span>e netted for accountin<span class=\"_ _92\"></span>g purposes because the aim is to settle on a net<span class=\"_ _43\"></span> basis. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "<div class=\"t m0 hd ff2b fs6 fc0 sc0 ls5f ws60 gsa41\">Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _1d\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls31 ws152 gsa42\">Assets \u2013 balance sheet items <span class=\"_ _a4\"> </span><span class=\"ff2f ls32 ws0\">Measurement </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gsa43\">categories in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gsa44\">accordance with </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls28 ws2c gsa45\">IFRS 9 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsa46\">Leve<span class=\"_ _92\"></span>l <span class=\"_ _1e6\"> </span><span class=\"ls1a\">Carrying </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws23 gsa47\">amount  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gsa48\">as at 31/12 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsa49\">Fair value  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gsa4a\">as at 31/12 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsa4b\">Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>15.4 <span class=\"_ _2\"> </span>15.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsa4c\">Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">13.6 <span class=\"_ _2\"> </span>13.6 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws25d gsa4d\">Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _b8\"> </span>27.4 <span class=\"_ _2\"> </span>27.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws25d gsa4e\">Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>121.2 <span class=\"_ _6a\"> </span>121.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws25d gsa4f\">Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">15.1 <span class=\"_ _2\"> </span>15.1 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsa50\">Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">192.7 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsa51\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>369.7 <span class=\"_ _6a\"> </span>369.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsa52\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>36.2 <span class=\"_ _2\"> </span>36.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gsa53\">Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws5b gsa54\">closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>31.5 <span class=\"_ _2\"> </span>31.5 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsa55\">Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gsa56\">(non-current) <span class=\"_ _27f\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">437.3 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws0 gsa57\">Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>152.4 <span class=\"_ _6a\"> </span>152.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws0 gsa58\">Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _119\"> </span>7.3 <span class=\"_ _ac\"> </span>7.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws0 gsa59\">Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _a9\"> </span><span class=\"ls1c\">AC <span class=\"_ _119\"> </span><span class=\"ls0\">1.3 <span class=\"_ _de\"> </span>1.3 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gsa5a\">Securities \u2013 closed items on th<span class=\"_ _92\"></span>e balance sheet <span class=\"_ _111\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>73.2 <span class=\"_ _16a\"> </span>71.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsa5b\">Other loans \u2013 closed item<span class=\"ls5e ws5f\">s on the balance sheet <span class=\"_ _14a\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>334.1 <span class=\"_ _6a\"> </span>335.9 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gsa5c\">Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>59.1 <span class=\"_ _2\"> </span>53.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gsa5d\">Loans to affiliated companies <span class=\"_ _32\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>2.7 <span class=\"_ _de\"> </span>2.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsa5e\">Other loans <span class=\"_ _298\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.8 <span class=\"_ _de\"> </span>5.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsa5f\">Other <span class=\"_ _26c\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">3 <span class=\"_ _1b3\"> </span>21.2 <span class=\"_ _2\"> </span>21.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsa60\">Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">250.2 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsa61\">Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsa62\">Other inve<span class=\"_ _92\"></span>stments and non-current other </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws0 gsa63\">receivables <span class=\"_ _299\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">945.5 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsa64\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _119\"> </span>4.7 <span class=\"_ _ac\"> </span>4.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsa65\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,820.7 <span class=\"_ _5a\"> </span>1,820.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsa66\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>8.3 <span class=\"_ _ac\"> </span>8.3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsa67\">Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws0 gsa68\">(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls29\">1,833.7 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc8 ws90e gsa69\">T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">968.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsa6a\">Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">57.9 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gsa6b\">Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>3.5 <span class=\"_ _ac\"> </span>3.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws0 gsa6c\">Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _4f\"> </span>0.2 <span class=\"_ _de\"> </span>0.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gsa6d\">Emission rights <span class=\"_ _e0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">49.0 <span class=\"_ _d9\"> </span></span>\u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsa6e\">Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">428.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsa6f\">Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsa70\">T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _b4\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,546.1 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gsa71\">Cash and cash equivalents <span class=\"_ _a0\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _179\"> </span><span class=\"ls18\">409.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsa72\">Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _125\"> </span>  <span class=\"_ _14b\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws853 gsa73\">Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _146\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,592.4 <span class=\"_ _93\"> </span>  </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2fd gsa74\">Financial assets measured at fair value through  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls45 ws44 gsa75\">profit or loss <span class=\"_ _6f\"> </span><span class=\"ws0\">FVPL <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,444.8 <span class=\"_ _14b\"> </span>  </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws2fd gsa76\">Financial assets measured at fair value through  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsa77\">other comprehensive income <span class=\"_ _13c\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _21\"> </span>201.3 <span class=\"_ _14b\"> </span></span></span><span class=\"ls48 ws0\"><span class=\"ls0\">  </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls5f ws60 gsa81\">Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _148\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls45 wsb69 gsa82\">Liabilities \u2013 balance sheet items <span class=\"_ _19c\"> </span><span class=\"ff2f ls247 ws0\">Measurement </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls248 ws24 gsa83\">categories in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls249 wsaf1 gsa84\">accordance with </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24a wsb6a gsa85\">IFRS 9 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls246 ws0 gsa86\">Level <span class=\"_ _17\"> </span><span class=\"ls24b\">Carrying </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24c wsb6b gsa87\">amount  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24a wsb6a gsa88\">as at 31/12 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24d ws33 gsa89\">Fair value  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24a wsb6a gsa8a\">as at 31/12 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gsa8b\">Bonds <span class=\"_ _29a\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,151.0 <span class=\"_ _15f\"> </span>956.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsa8c\">Financial liabilities to <span class=\"ls1f ws25a\">banks and to others <span class=\"_ _1a2\"> </span></span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span></span>2 <span class=\"_ _5d\"> </span>2,304.6 <span class=\"_ _5a\"> </span>2,323.5 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsa8d\">Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws5b gsa8e\">closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _266\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>126.6 <span class=\"_ _6a\"> </span>140.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsa8f\">Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws5b gsa90\">closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _4e\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _8\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _21\"> </span>312.3 <span class=\"_ _6a\"> </span>312.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsa91\">Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _199\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">7.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsa92\">Put liability <span class=\"_ _239\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">52.1 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsa93\">Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls38\">3,95<span class=\"_ _43\"></span>3.9 <span class=\"_ _93\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsa94\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,069.2 <span class=\"_ _5a\"> </span>1,069.2 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsa95\">Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gsa96\">(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,069.2<span class=\"_ _92\"></span> <span class=\"_ _93\"> </span><span class=\"ls31\">  </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gsa97\">Electricity supply commitment <span class=\"_ _101\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">113.4 <span class=\"_ _d9\"> </span></span>\u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsa98\">Obligation to return an interest <span class=\"_ _135\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _21\"> </span>116.7 <span class=\"_ _6a\"> </span>124.5 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws5a7 gsa99\">T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">2.8 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsa9a\">Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _21\"> </span></span>126.0 <span class=\"_ _14b\"> </span>  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f3 wsabb gsa9b\">Deferred income<span class=\"_ _43\"></span> for grants (emiss<span class=\"_ _43\"></span>ion rights) <span class=\"_ _1e4\"> </span><span class=\"ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls0\">0.1 <span class=\"_ _d9\"> </span><span class=\"ls31\">\u2013 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsa9c\">Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">204.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsa9d\">Other non-current liabilities  <span class=\"_ _1a7\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls49\">5<span class=\"_ _43\"></span>63.4 <span class=\"_ _93\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsa9e\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _5\"> </span>216.7 <span class=\"_ _15f\"> </span>216.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsa9f\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,274.9 <span class=\"_ _5a\"> </span>1,274.9 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsaa0\">Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws0 gsaa1\">(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,491.6 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws5a7 gsaa2\">T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">412.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsaa3\">Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _1b3\"> </span></span>10.8 <span class=\"_ _93\"> </span>  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsaa4\">Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">467.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsaa5\">Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">144.6 <span class=\"_ _d9\"> </span></span>\u2013 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gsaa6\">T<span class=\"_ _14\"></span>rade payables and other liabilities <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,035.8 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gsaa7\">Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _49\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsaa8\">Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _1ad\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _49\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>4,838.6 <span class=\"_ _93\"> </span>  </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gsaa9\">Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls45 ws44 gsaaa\">profit or loss <span class=\"_ _29b\"> </span><span class=\"ws0\">FVPL <span class=\"_ _11c\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,560.8 <span class=\"_ _93\"> </span>  </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gsaab\">Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsaac\">profit or loss \u2013 designated <span class=\"_ _1aa\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _21\"> </span>312.3 <span class=\"_ _14b\"> </span></span></span><span class=\"ls45 ws44\"><span class=\"ls0 ws0\">  </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf8 ws734 gsaae\">Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gsaaf\">1</div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws0 gsab0\"> <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span></div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls31 ws152 gsab1\">Assets \u2013 balance sheet items </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls32 ws0 gsab2\">Measurement </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gsab3\">categories in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gsab4\">accordance with </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls28 ws2c gsab5\">IFRS 9 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsab6\">Leve<span class=\"_ _92\"></span>l </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gsab7\">Carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gsab8\">amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsab9\">Fair value  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsaba\">Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _1b3\"> </span>13.4 <span class=\"_ _127\"> </span>13.4 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsabb\">Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _4f\"> </span>0.6 <span class=\"_ _de\"> </span>0.6 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws387 gsabc\">Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>1 <span class=\"_ _1b3\"> </span>29.7 <span class=\"_ _127\"> </span>29.7 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws387 gsabd\">Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>117.0 <span class=\"_ _15f\"> </span>117.0 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws387 gsabe\">Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _1b3\"> </span>16.4 <span class=\"_ _127\"> </span>16.4 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsabf\">Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">177.1 <span class=\"_ _93\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsac0\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>454.9 <span class=\"_ _6a\"> </span>454.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gsac1\">Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws5b gsac2\">closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>70.3 <span class=\"_ _2\"> </span>70.3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsac3\">Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gsac4\">(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">525.2 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca wsb6c gsac5\">Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _29e\"></span>130.4 <span class=\"_ _29f\"></span>130.4 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d wsb6d gsac6\">Securities FVOCI <span class=\"_ _2a0\"></span>3 <span class=\"_ _2a1\"></span>6.7 <span class=\"_ _2a2\"></span>6.7 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 wsb6d gsac7\">Securities FVOCI <span class=\"_ _2a3\"></span>AC <span class=\"_ _2a1\"></span>1.3 <span class=\"_ _2a2\"></span>1.3 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsac8\">Securities \u2013 closed items on the balance sheet <span class=\"_ _e7\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>67.7 <span class=\"_ _127\"> </span>65.4 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsac9\">Other loans \u2013 closed items on the balance sheet <span class=\"_ _35\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>309.2 <span class=\"_ _6a\"> </span>328.9 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gsaca\">Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>24.6 <span class=\"_ _127\"> </span>23.8 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsacb\">Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>5.6 <span class=\"_ _de\"> </span>6.0 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 wsb6e gsacc\">Other FVPL <span class=\"_ _2a4\"></span>3 <span class=\"_ _2a5\"></span>43.5 <span class=\"_ _2a6\"></span>43.5 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 wsb6f gsacd\">Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>274.5 <span class=\"_ _2a9\"></span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 wsb70 gsace\">Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>36.5 <span class=\"_ _2ac\"></span>\u2013 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsacf\">Other inve<span class=\"_ _92\"></span>stments and non-current other </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws0 gsad0\">receivables </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gsad1\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">900.1 <span class=\"_ _93\"> </span></span>  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsad2\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _1b3\"> </span>31.3 <span class=\"_ _2\"> </span>31.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsad3\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,941.3 <span class=\"_ _5a\"> </span>1,771.5 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsad4\">Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws0 gsad5\">(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,972.6 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsad6\">T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span>AC <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>818.4 <span class=\"_ _d9\"> </span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsad7\">Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>57.6 <span class=\"_ _d9\"> </span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gsad8\">Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>49.1 <span class=\"_ _127\"> </span>49.6 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsad9\">Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _de\"> </span>0.0 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 wsb71 gsada\">Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _2ad\"></span>4.3 <span class=\"_ _2ae\"></span>4.3 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsadb\">Emission rights <span class=\"_ _e0\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>31.2 <span class=\"_ _d9\"> </span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 wsb6f gsadc\">Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>334.7 <span class=\"_ _2a9\"></span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 wsb70 gsadd\">Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>38.1 <span class=\"_ _2ac\"></span>\u2013 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gsade\">T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _2af\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>1,333.4 <span class=\"_ _93\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gsadf\">Cash and cash equivalents <span class=\"_ _c6\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _15e\"> </span><span class=\"ls18\">318.6 <span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc ws0\"><span class=\"ls0\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf8 ws734 gsae1\">Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gsae2\">1</div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws0 gsae3\"> <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span></div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls31 ws152 gsae4\">Assets \u2013 balance sheet items </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls32 ws0 gsae5\">Measurement </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gsae6\">categories in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gsae7\">accordance with </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls28 ws2c gsae8\">IFRS 9 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsae9\">Leve<span class=\"_ _92\"></span>l </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gsaea\">Carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gsaeb\">amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsaec\">Fair value  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gsaed\">Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gsaee\">Financial assets at amor<span class=\"ls59 ws5a\">tised cost <span class=\"_ _bf\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,260.0 <span class=\"_ _93\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsaef\">Financial assets at fair value thro<span class=\"ls0 ws0\">u<span class=\"_ _92\"></span>gh profit or loss <span class=\"_ _d5\"> </span>FVPL <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,676.0 <span class=\"_ _93\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsaf0\">Financial assets at fair valu<span class=\"_ _92\"></span>e through other </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsaf1\">comprehensive income <span class=\"_ _118\"> </span>FVOCI <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>185.2 <span class=\"_ _93\"> </span>  </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsaf2\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gsaf3\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf8 ws734 gsaf5\">Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gsaf6\">1</div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws0 gsaf7\"> <span class=\"_ _16b\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span></div><div class=\"t m0 h21 ff2b fs8 fc0 sc0 ls45 wsb69 gsaf8\">Liabilities \u2013 balance sheet items </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls32 ws0 gsaf9\">Measurement </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gsafa\">categories in </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gsafb\">accordance with </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls28 ws2c gsafc\">IFRS 9 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsafd\">Leve<span class=\"_ _92\"></span>l </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gsafe\">Carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gsaff\">amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsb00\">Fair value  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a wsb72 gsb01\">Bonds AC <span class=\"_ _2b0\"></span>2 <span class=\"_ _2b1\"></span>990.6 <span class=\"_ _2b2\"></span>1,019.8 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gsb02\">Financial liabilities to banks<span class=\"ls46 ws2fb\"> and to others <span class=\"_ _1a2\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _22d\"> </span>1,858.8 <span class=\"_ _5a\"> </span>1,740.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsb03\">Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsb04\">closed items on the balance sheet <span class=\"_ _31\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>117.1 <span class=\"_ _6a\"> </span>150.9 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsb05\">Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsb06\">closed items on the balance<span class=\"ls19 ws184\"> sheet <span class=\"_ _288\"> </span>FVPL \u2013 D <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>330.1 <span class=\"_ _15f\"> </span>330.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsb07\">Capital shares attributable <span class=\"ls0 ws0\">to limited partners <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _d9\"> </span>\u2013 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsb08\">Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _21d\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsb09\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>734.8 <span class=\"_ _6a\"> </span>734.8 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsb0a\">Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gsb0b\">(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">734.8 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gsb0c\">Electricity supply commitment <span class=\"_ _2a\"> </span>\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>126.5 <span class=\"_ _d9\"> </span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsb0d\">Obligation to return an interest <span class=\"_ _135\"> </span>AC <span class=\"_ _8\"> </span>3 <span class=\"_ _5\"> </span>140.4 <span class=\"_ _6a\"> </span>243.3 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsb0e\">T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>2.1 <span class=\"_ _d9\"> </span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb0f\">Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>86.0 <span class=\"_ _d9\"> </span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 wsb73 gsb10\">Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>107.2 <span class=\"_ _2b3\"></span>\u2013 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsb11\">Non-current other liabilities <span class=\"_ _287\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">462.1 <span class=\"_ _93\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsb12\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>117.4 <span class=\"_ _6a\"> </span>117.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gsb13\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>3,190.1 <span class=\"_ _5a\"> </span>3,755.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gsb14\">Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.9 <span class=\"_ _de\"> </span>5.9 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gsb15\">Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws0 gsb16\">(current) </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gsb17\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>3,313.3 <span class=\"_ _93\"> </span>  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gsb18\">T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _5\"> </span>293.6 <span class=\"_ _d9\"> </span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsb19\">Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>8.3 <span class=\"_ _d9\"> </span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 wsb73 gsb1a\">Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>324.8 <span class=\"_ _2b3\"></span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 wsb74 gsb1b\">Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2b4\"></span>109.8 <span class=\"_ _29d\"></span>\u2013 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gsb1c\">T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _1a6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">736.4 <span class=\"_ _14b\"> </span></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gsb1d\">Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gsb1e\">Financial liabilities at amor<span class=\"_ _92\"></span>tised cost <span class=\"_ _2b5\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _5d\"> </span>3,834.5 <span class=\"_ _93\"> </span>  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gsb1f\">Financial liabilities at f<span class=\"_ _92\"></span>air value thro<span class=\"ls5d ws5e\">ugh profit or loss <span class=\"_ _e3\"> </span>FVPL <span class=\"_ _49\"> </span>  <span class=\"_ _5d\"> </span>4,048.1 <span class=\"_ _93\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gsb20\">Financial liabilities at <span class=\"ls60 ws259\">fair value through  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gsb21\">profit or loss \u2013 designated <span class=\"_ _1aa\"> </span>FVPL \u2013 D <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>330.1 <span class=\"_ _93\"> </span>  </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gsb22\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gsb23\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div>V<span class=\"_ _14\"></span>aluation techniques and<span class=\"_ _92\"></span> input factors f<span class=\"_ _92\"></span>or determining f<span class=\"_ _92\"></span>air values <span class=\"_ _24a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Lev<span class=\"_ _92\"></span>el <span class=\"_ _177\"> </span><span class=\"ff2f ls32 ws5a8\">Financial Instruments <span class=\"_ _2b9\"> </span><span class=\"ls46 ws2b\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _21a\"> </span><span class=\"ls2d ws90d\">Input factor </span></span></span>1 <span class=\"_ _1e5\"> </span><span class=\"ls21 ws22\">Energy forwards <span class=\"_ _2ba\"> </span><span class=\"ls1f ws20\">Market approach <span class=\"_ _1e8\"> </span><span class=\"ls24 ws24\">Settlement price <span class=\"_ _92\"></span>published by the  </span></span></span>stock exchange 1 <span class=\"_ _1e5\"> </span><span class=\"ls59 ws5a\">Securities, other eq<span class=\"ls36 ws35\">uity interest in </span></span>Burgenland Holding AG<span class=\"_ _92\"></span> Market approach <span class=\"_ _1e8\"> </span><span class=\"ls1a ws1c\">Stock exchange price </span>2 <span class=\"_ _1e5\"> </span><span class=\"ls32 ws2e\">Securities and other loans under  </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet,  long-term loans, li<span class=\"ls1d ws1e\">abilities to banks, </span>bonds and other financial liabilities Net present value approach Payments associated with the financial instruments, yield curve, credit risk of the contracting parties <span class=\"_ _92\"></span>(credit default swaps or credit spread curves) 2 <span class=\"_ _1e5\"> </span><span class=\"ls62 ws64\">Interests in unconsolidated subsidiaries, </span>other equity interest in En<span class=\"_ _92\"></span>ergie AG Ober\u00f6sterreich and RTE Market approach <span class=\"_ _1e8\"> </span><span class=\"ls2a ws28\">Trading multiple, transac<span class=\"_ _92\"></span>tion price </span>2 <span class=\"_ _1e5\"> </span><span class=\"ls32 ws2f\">Non-listed energy forwards <span class=\"_ _154\"> </span><span class=\"ls1cf ws95b\">Net present value </span></span>approach Forward price curve de<span class=\"_ _92\"></span>rived from  stock exchange, yi<span class=\"_ _92\"></span>eld curve, credit risk of the contracting parti<span class=\"_ _92\"></span>es 2 <span class=\"_ _1e5\"> </span><span class=\"ls1c ws31d\">Other assets and liabilities measured at </span>fair value in the finance a<span class=\"_ _92\"></span>rea Net present value approach Cash flows already fixed or<span class=\"_ _92\"></span> determined via forward rates, y<span class=\"_ _92\"></span>ield <span class=\"ls5d ws5e\">curve, credit risk </span>of the contracting parti<span class=\"_ _92\"></span>es 3 <span class=\"_ _1e5\"> </span><span class=\"ls46 ws45\">Return obligation (ob<span class=\"ls34 ws32\">ligation to transfer </span></span>back the 50 % interest acquire<span class=\"_ _92\"></span>d in Donaukraftwerk Jochenstein AG) Net present value approach Price forecasts for electricity,  weighted ave<span class=\"_ _43\"></span>rage cost of cap<span class=\"_ _43\"></span>ital  after taxes 3 <span class=\"_ _1e5\"> </span><span class=\"ls1c ws1d\">Securities (shares of Wiener B\u00f6rse AG)<span class=\"_ _92\"></span> <span class=\"_ _1e9\"> </span><span class=\"ls1cf ws95b\">Net present value </span></span>approach Expected distribution o<span class=\"_ _92\"></span>f profits,  cost of equity 3 <span class=\"_ _1e5\"> </span><span class=\"ls60 ws61\">Other non-current receivables  </span>(profit participation ri<span class=\"ls27 ws27\">ght with respect to </span>material assets of TAG) Net present value approach Expected distribution o<span class=\"_ _92\"></span>f profits,  cost of equity AC <span class=\"_ _1e9\"> </span><span class=\"ls34 ws32\">Other shares of unconsolidated </span>subsidiaries, other equity<span class=\"_ _92\"></span> interests and securities \u2013 <span class=\"_ _79\"> </span><span class=\"ls1e ws1f\">Cost as the bes<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> estimate of fair val<span class=\"_ _92\"></span>ue </span>\u2013 Cash and cash equivalents, <span class=\"_ _92\"></span> trade receivables and p<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>yables,  current other receivables, other borrowing within current credi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> lines  as well as current other liabilities \u2013 <span class=\"_ _79\"> </span><span class=\"ls74 ws68\">Carrying amount <span class=\"_ _92\"></span>as the best estimate of </span>fair value ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _1d\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Assets \u2013 balance sheet items <span class=\"_ _a4\"> </span><span class=\"ff2f ls32 ws0\">Measurement </span>categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l <span class=\"_ _1e6\"> </span><span class=\"ls1a\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>15.4 <span class=\"_ _2\"> </span>15.4 </span></span>Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">13.6 <span class=\"_ _2\"> </span>13.6 </span></span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _b8\"> </span>27.4 <span class=\"_ _2\"> </span>27.4 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>121.2 <span class=\"_ _6a\"> </span>121.2 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">15.1 <span class=\"_ _2\"> </span>15.1 </span></span></span>Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">192.7 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>369.7 <span class=\"_ _6a\"> </span>369.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>36.2 <span class=\"_ _2\"> </span>36.2 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>31.5 <span class=\"_ _2\"> </span>31.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _27f\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">437.3 <span class=\"_ _14b\"> </span></span>  </span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>152.4 <span class=\"_ _6a\"> </span>152.4 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _119\"> </span>7.3 <span class=\"_ _ac\"> </span>7.3 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _a9\"> </span><span class=\"ls1c\">AC <span class=\"_ _119\"> </span><span class=\"ls0\">1.3 <span class=\"_ _de\"> </span>1.3 </span></span></span>Securities \u2013 closed items on th<span class=\"_ _92\"></span>e balance sheet <span class=\"_ _111\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>73.2 <span class=\"_ _16a\"> </span>71.2 </span></span>Other loans \u2013 closed item<span class=\"ls5e ws5f\">s on the balance sheet <span class=\"_ _14a\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>334.1 <span class=\"_ _6a\"> </span>335.9 </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>59.1 <span class=\"_ _2\"> </span>53.4 </span></span>Loans to affiliated companies <span class=\"_ _32\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>2.7 <span class=\"_ _de\"> </span>2.7 </span></span>Other loans <span class=\"_ _298\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.8 <span class=\"_ _de\"> </span>5.0 </span></span>Other <span class=\"_ _26c\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">3 <span class=\"_ _1b3\"> </span>21.2 <span class=\"_ _2\"> </span>21.2 </span></span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">250.2 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.3 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other inve<span class=\"_ _92\"></span>stments and non-current other receivables <span class=\"_ _299\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">945.5 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _119\"> </span>4.7 <span class=\"_ _ac\"> </span>4.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,820.7 <span class=\"_ _5a\"> </span>1,820.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>8.3 <span class=\"_ _ac\"> </span>8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls29\">1,833.7 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">968.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">57.9 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>3.5 <span class=\"_ _ac\"> </span>3.0 </span></span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _4f\"> </span>0.2 <span class=\"_ _de\"> </span>0.2 </span></span>Emission rights <span class=\"_ _e0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">49.0 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">428.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.7 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _b4\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,546.1 <span class=\"_ _14b\"> </span></span>  </span>Cash and cash equivalents <span class=\"_ _a0\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _179\"> </span><span class=\"ls18\">409.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _125\"> </span>  <span class=\"_ _14b\"> </span>  </span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _146\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,592.4 <span class=\"_ _93\"> </span>  </span></span>Financial assets measured at fair value through  profit or loss <span class=\"_ _6f\"> </span><span class=\"ws0\">FVPL <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,444.8 <span class=\"_ _14b\"> </span>  </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _13c\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _21\"> </span>201.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _148\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Liabilities \u2013 balance sheet items <span class=\"_ _19c\"> </span><span class=\"ff2f ls247 ws0\">Measurement </span>categories in accordance with IFRS 9 Level <span class=\"_ _17\"> </span><span class=\"ls24b\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Bonds <span class=\"_ _29a\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,151.0 <span class=\"_ _15f\"> </span>956.5 </span></span>Financial liabilities to <span class=\"ls1f ws25a\">banks and to others <span class=\"_ _1a2\"> </span></span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span></span>2 <span class=\"_ _5d\"> </span>2,304.6 <span class=\"_ _5a\"> </span>2,323.5 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _266\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>126.6 <span class=\"_ _6a\"> </span>140.2 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _4e\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _8\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _21\"> </span>312.3 <span class=\"_ _6a\"> </span>312.3 </span></span>Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _199\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">7.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Put liability <span class=\"_ _239\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">52.1 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls38\">3,95<span class=\"_ _43\"></span>3.9 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,069.2 <span class=\"_ _5a\"> </span>1,069.2 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,069.2<span class=\"_ _92\"></span> <span class=\"_ _93\"> </span><span class=\"ls31\">  </span></span></span>Electricity supply commitment <span class=\"_ _101\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">113.4 <span class=\"_ _d9\"> </span></span>\u2013 </span>Obligation to return an interest <span class=\"_ _135\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _21\"> </span>116.7 <span class=\"_ _6a\"> </span>124.5 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">2.8 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _21\"> </span></span>126.0 <span class=\"_ _14b\"> </span>  Deferred income<span class=\"_ _43\"></span> for grants (emiss<span class=\"_ _43\"></span>ion rights) <span class=\"_ _1e4\"> </span><span class=\"ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls0\">0.1 <span class=\"_ _d9\"> </span><span class=\"ls31\">\u2013 </span></span></span>Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">204.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other non-current liabilities  <span class=\"_ _1a7\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls49\">5<span class=\"_ _43\"></span>63.4 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _5\"> </span>216.7 <span class=\"_ _15f\"> </span>216.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,274.9 <span class=\"_ _5a\"> </span>1,274.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,491.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">412.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _1b3\"> </span></span>10.8 <span class=\"_ _93\"> </span>  Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">467.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">144.6 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade payables and other liabilities <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,035.8 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _49\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _1ad\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _49\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>4,838.6 <span class=\"_ _93\"> </span>  </span></span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss <span class=\"_ _29b\"> </span><span class=\"ws0\">FVPL <span class=\"_ _11c\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,560.8 <span class=\"_ _93\"> </span>  </span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _21\"> </span>312.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _1b3\"> </span>13.4 <span class=\"_ _127\"> </span>13.4 Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _4f\"> </span>0.6 <span class=\"_ _de\"> </span>0.6 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>1 <span class=\"_ _1b3\"> </span>29.7 <span class=\"_ _127\"> </span>29.7 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>117.0 <span class=\"_ _15f\"> </span>117.0 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _1b3\"> </span>16.4 <span class=\"_ _127\"> </span>16.4 Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">177.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>454.9 <span class=\"_ _6a\"> </span>454.9 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>70.3 <span class=\"_ _2\"> </span>70.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">525.2 <span class=\"_ _14b\"> </span></span>  </span>Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _29e\"></span>130.4 <span class=\"_ _29f\"></span>130.4 Securities FVOCI <span class=\"_ _2a0\"></span>3 <span class=\"_ _2a1\"></span>6.7 <span class=\"_ _2a2\"></span>6.7 Securities FVOCI <span class=\"_ _2a3\"></span>AC <span class=\"_ _2a1\"></span>1.3 <span class=\"_ _2a2\"></span>1.3 Securities \u2013 closed items on the balance sheet <span class=\"_ _e7\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>67.7 <span class=\"_ _127\"> </span>65.4 Other loans \u2013 closed items on the balance sheet <span class=\"_ _35\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>309.2 <span class=\"_ _6a\"> </span>328.9 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>24.6 <span class=\"_ _127\"> </span>23.8 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>5.6 <span class=\"_ _de\"> </span>6.0 Other FVPL <span class=\"_ _2a4\"></span>3 <span class=\"_ _2a5\"></span>43.5 <span class=\"_ _2a6\"></span>43.5 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>274.5 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>36.5 <span class=\"_ _2ac\"></span>\u2013 Other inve<span class=\"_ _92\"></span>stments and non-current other receivables   <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">900.1 <span class=\"_ _93\"> </span></span>  Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _1b3\"> </span>31.3 <span class=\"_ _2\"> </span>31.3 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,941.3 <span class=\"_ _5a\"> </span>1,771.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,972.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span>AC <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>818.4 <span class=\"_ _d9\"> </span>\u2013 Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>57.6 <span class=\"_ _d9\"> </span>\u2013 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>49.1 <span class=\"_ _127\"> </span>49.6 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _de\"> </span>0.0 Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _2ad\"></span>4.3 <span class=\"_ _2ae\"></span>4.3 Emission rights <span class=\"_ _e0\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>31.2 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>334.7 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>38.1 <span class=\"_ _2ac\"></span>\u2013 T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _2af\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>1,333.4 <span class=\"_ _93\"> </span>  </span>Cash and cash equivalents <span class=\"_ _c6\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _15e\"> </span><span class=\"ls18\">318.6 <span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _333\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial assets at amor<span class=\"ls59 ws5a\">tised cost <span class=\"_ _bf\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,260.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair value thro<span class=\"ls0 ws0\">u<span class=\"_ _92\"></span>gh profit or loss <span class=\"_ _d5\"> </span>FVPL <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,676.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair valu<span class=\"_ _92\"></span>e through other comprehensive income <span class=\"_ _118\"> </span>FVOCI <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>185.2 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _16b\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Liabilities \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Bonds AC <span class=\"_ _2b0\"></span>2 <span class=\"_ _2b1\"></span>990.6 <span class=\"_ _2b2\"></span>1,019.8 Financial liabilities to banks<span class=\"ls46 ws2fb\"> and to others <span class=\"_ _1a2\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _22d\"> </span>1,858.8 <span class=\"_ _5a\"> </span>1,740.2 </span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance sheet <span class=\"_ _31\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>117.1 <span class=\"_ _6a\"> </span>150.9 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance<span class=\"ls19 ws184\"> sheet <span class=\"_ _288\"> </span>FVPL \u2013 D <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>330.1 <span class=\"_ _15f\"> </span>330.1 </span>Capital shares attributable <span class=\"ls0 ws0\">to limited partners <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _d9\"> </span>\u2013 </span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _21d\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>734.8 <span class=\"_ _6a\"> </span>734.8 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">734.8 <span class=\"_ _14b\"> </span></span>  </span>Electricity supply commitment <span class=\"_ _2a\"> </span>\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>126.5 <span class=\"_ _d9\"> </span>\u2013 Obligation to return an interest <span class=\"_ _135\"> </span>AC <span class=\"_ _8\"> </span>3 <span class=\"_ _5\"> </span>140.4 <span class=\"_ _6a\"> </span>243.3 T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>2.1 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>86.0 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>107.2 <span class=\"_ _2b3\"></span>\u2013 Non-current other liabilities <span class=\"_ _287\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">462.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>117.4 <span class=\"_ _6a\"> </span>117.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>3,190.1 <span class=\"_ _5a\"> </span>3,755.1 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.9 <span class=\"_ _de\"> </span>5.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current)   <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>3,313.3 <span class=\"_ _93\"> </span>  T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _5\"> </span>293.6 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>8.3 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>324.8 <span class=\"_ _2b3\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2b4\"></span>109.8 <span class=\"_ _29d\"></span>\u2013 T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _1a6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">736.4 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilities at amor<span class=\"_ _92\"></span>tised cost <span class=\"_ _2b5\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _5d\"> </span>3,834.5 <span class=\"_ _93\"> </span>  Financial liabilities at f<span class=\"_ _92\"></span>air value thro<span class=\"ls5d ws5e\">ugh profit or loss <span class=\"_ _e3\"> </span>FVPL <span class=\"_ _49\"> </span>  <span class=\"_ _5d\"> </span>4,048.1 <span class=\"_ _93\"> </span>  </span>Financial liabilities at <span class=\"ls60 ws259\">fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span>FVPL \u2013 D <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>330.1 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>For<span class=\"_ _92\"></span> financial liabilities (under closed items on<span class=\"_ _92\"></span> the balance sheet) classified as FVPL in the abo<span class=\"_ _92\"></span>ve table, the differ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nce b<span class=\"ls74 ws6bf\">etween the carrying amount as at <span class=\"_ _92\"></span><span class=\"ls79 ws685\">31 <span class=\"_ _85\"></span>December 2022 and the amount that </span></span>VERBUND would ha<span class=\"_ _92\"></span>ve to pay upon maturity is \u20ac26.3m<span class=\"ls7d ws284\"> (previous year: \u20ac2.9m). The amount due upon </span>maturity was tr<span class=\"_ _92\"></span>anslated at the rate (\u20ac1=$1) of <span class=\"lsab ws8a7\">1.0666 on the reporting date (pr<span class=\"_ _92\"></span>evious year<span class=\"_ _63\"></span>: 1.1326). <span class=\"_ _88\"></span> </span>In the even<span class=\"_ _92\"></span>t of insolvency, derivative fin<span class=\"_ _92\"></span>ancial instruments in the fin<span class=\"_ _92\"></span>ance area (under closed it<span class=\"_ _92\"></span>ems on the balance sheet)<span class=\"_ _92\"></span> can be netted agains<span class=\"_ _92\"></span>t the financial liabilities cl<span class=\"_ _92\"></span>assified as FVPL (under closed items on the balance <span class=\"_ _92\"></span>sheet) (see section 11 Risk man<span class=\"_ _92\"></span>agement).<span class=\"_ _333\"> </span>Of the derivative fin<span class=\"_ _92\"></span>ancial instruments in the energy<span class=\"_ _92\"></span> area classified as FVPL in the abo<span class=\"_ _92\"></span>ve table, positive fair values in the amoun<span class=\"_ _0\"></span>t of \u20ac1,012.1m (pre<span class=\"ls79 ws3a9\">vious year:<span class=\"_ _43\"></span> \u20ac504.1m) and negative fair values in the </span>amount of \u20ac2,491.9m (previous year: \u20ac2,425.8m) relate to hedging r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>lationships designated as c<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>sh flow hedges. T<span class=\"_ _92\"></span>hese fair values repr<span class=\"_ _92\"></span>esent gross am<span class=\"_ _92\"></span>ounts<span class=\"_ _43\"></span>; following the inter-<span class=\"_ _92\"></span>portfolio netting carried out in accordan<span class=\"_ _92\"></span>ce with VERBUND\u2019<span class=\"_ _14\"></span>s accounting policies (see sec<span class=\"_ _92\"></span>tion <span class=\"_ _88\"></span>11.2 Risk management in<span class=\"_ _92\"></span> the energy area), cash flow hedges can no longer be<span class=\"_ _43\"></span> isolated.<span class=\"_ _333\"> </span>Net results b<span class=\"_ _92\"></span>y measurement catego<span class=\"_ _92\"></span>ries Results in accordance with IFRS <span class=\"_ _87\"></span>7 comprise mainly impairment losses and reversals of impairment losses<span class=\"_ _92\"></span>, foreign exchange g<span class=\"_ _92\"></span>ains and losses and realised g<span class=\"_ _92\"></span>ains or losses on disposal.  Net results by measurement categories  <span class=\"_ _dd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Financial assets and liabilities measured <span class=\"_ _92\"></span>at<span class=\"ls59 ws5a\"> fair value through profit or loss <span class=\"_ _ba\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>41.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">101.1 </span></span></span>Financial assets and liabilities measured <span class=\"_ _92\"></span>at<span class=\"ls1a ws1c\"> fair value through profit or loss \u2013  </span>designated <span class=\"_ _28f\"> </span><span class=\"fc4 ls0\">20.6 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls49\">2<span class=\"_ _43\"></span>3.0 </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _78\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>21.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.8 </span></span></span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _1db\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.3 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">15.3 </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _11a\"> </span><span class=\"fc4 ls0 ws0\">23.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">4.3 </span></span>T<span class=\"_ _14\"></span>otal interest expenses from financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l <span class=\"ls62 ws64\">liabilities measured at amortised cost <span class=\"_ _16c\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>62.1 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">86.9 </span></span></span></span>T<span class=\"_ _14\"></span>otal interest income from financial <span class=\"ls1e ws1f\">asse<span class=\"_ _92\"></span>ts measured at amortised cost <span class=\"_ _2bc\"> </span><span class=\"fc4 ls0 ws0\">40.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">42.4 </span></span></span>Components<span class=\"_ _92\"></span> of the net result<span class=\"_ _92\"></span>s <span class=\"_ _2bd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Measurement category <span class=\"_ _23\"> </span><span class=\"ls5a ws0\">Notes </span>Financial assets and liabilities measured at fair value through  profit or loss The results arose fro<span class=\"_ _92\"></span>m the measurement of derivative financial instruments in <span class=\"_ _92\"></span>the energy area (wholesale and trading) in th<span class=\"ls32 ws2e\">e operating result <span class=\"_ _92\"></span>(electricity revenue),  </span>as well as from the measur<span class=\"_ _92\"></span>ement of (other) derivative and non-d<span class=\"_ _92\"></span>erivative financial instruments in the finance area <span class=\"ls27 ws27\">in the other <span class=\"_ _92\"></span>financial result. </span>Financial assets and liabilities measured at fair value through  profit or loss \u2013 designated The results arose from the measurement<span class=\"ls34 ws32\"> of financial l<span class=\"_ _92\"></span>iabilities to banks  </span>(closed items on the bal<span class=\"_ _92\"></span>ance sheet). These results have to<span class=\"_ _92\"></span> be seen alongside an equal amount of opposing results from <span class=\"ls2a ws28\">financial assets and liabilities that are </span>measured at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue through profit or <span class=\"ls2d ws33\">loss and net results from financ<span class=\"_ _92\"></span>ial assets </span>and liabilities that are measured at cost. Financial assets and liabilities measured at amortised cost<span class=\"_ _92\"></span> The net results rel<span class=\"_ _92\"></span>ate primarily to fina<span class=\"ls2a ws28\">ncial instruments in connection with <span class=\"_ _92\"></span> </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet in the other financial result as <span class=\"_ _92\"></span>well as to valuation allowances on tra<span class=\"_ _92\"></span>de receivables in the operating resul<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _1d\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Assets \u2013 balance sheet items <span class=\"_ _a4\"> </span><span class=\"ff2f ls32 ws0\">Measurement </span>categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l <span class=\"_ _1e6\"> </span><span class=\"ls1a\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>15.4 <span class=\"_ _2\"> </span>15.4 </span></span>Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">13.6 <span class=\"_ _2\"> </span>13.6 </span></span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _b8\"> </span>27.4 <span class=\"_ _2\"> </span>27.4 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>121.2 <span class=\"_ _6a\"> </span>121.2 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">15.1 <span class=\"_ _2\"> </span>15.1 </span></span></span>Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">192.7 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>369.7 <span class=\"_ _6a\"> </span>369.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>36.2 <span class=\"_ _2\"> </span>36.2 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>31.5 <span class=\"_ _2\"> </span>31.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _27f\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">437.3 <span class=\"_ _14b\"> </span></span>  </span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>152.4 <span class=\"_ _6a\"> </span>152.4 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _119\"> </span>7.3 <span class=\"_ _ac\"> </span>7.3 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _a9\"> </span><span class=\"ls1c\">AC <span class=\"_ _119\"> </span><span class=\"ls0\">1.3 <span class=\"_ _de\"> </span>1.3 </span></span></span>Securities \u2013 closed items on th<span class=\"_ _92\"></span>e balance sheet <span class=\"_ _111\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>73.2 <span class=\"_ _16a\"> </span>71.2 </span></span>Other loans \u2013 closed item<span class=\"ls5e ws5f\">s on the balance sheet <span class=\"_ _14a\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>334.1 <span class=\"_ _6a\"> </span>335.9 </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>59.1 <span class=\"_ _2\"> </span>53.4 </span></span>Loans to affiliated companies <span class=\"_ _32\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>2.7 <span class=\"_ _de\"> </span>2.7 </span></span>Other loans <span class=\"_ _298\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.8 <span class=\"_ _de\"> </span>5.0 </span></span>Other <span class=\"_ _26c\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">3 <span class=\"_ _1b3\"> </span>21.2 <span class=\"_ _2\"> </span>21.2 </span></span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">250.2 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.3 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other inve<span class=\"_ _92\"></span>stments and non-current other receivables <span class=\"_ _299\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">945.5 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _119\"> </span>4.7 <span class=\"_ _ac\"> </span>4.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,820.7 <span class=\"_ _5a\"> </span>1,820.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>8.3 <span class=\"_ _ac\"> </span>8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls29\">1,833.7 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">968.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">57.9 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>3.5 <span class=\"_ _ac\"> </span>3.0 </span></span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _4f\"> </span>0.2 <span class=\"_ _de\"> </span>0.2 </span></span>Emission rights <span class=\"_ _e0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">49.0 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">428.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.7 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _b4\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,546.1 <span class=\"_ _14b\"> </span></span>  </span>Cash and cash equivalents <span class=\"_ _a0\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _179\"> </span><span class=\"ls18\">409.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _125\"> </span>  <span class=\"_ _14b\"> </span>  </span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _146\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,592.4 <span class=\"_ _93\"> </span>  </span></span>Financial assets measured at fair value through  profit or loss <span class=\"_ _6f\"> </span><span class=\"ws0\">FVPL <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,444.8 <span class=\"_ _14b\"> </span>  </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _13c\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _21\"> </span>201.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _148\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Liabilities \u2013 balance sheet items <span class=\"_ _19c\"> </span><span class=\"ff2f ls247 ws0\">Measurement </span>categories in accordance with IFRS 9 Level <span class=\"_ _17\"> </span><span class=\"ls24b\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Bonds <span class=\"_ _29a\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,151.0 <span class=\"_ _15f\"> </span>956.5 </span></span>Financial liabilities to <span class=\"ls1f ws25a\">banks and to others <span class=\"_ _1a2\"> </span></span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span></span>2 <span class=\"_ _5d\"> </span>2,304.6 <span class=\"_ _5a\"> </span>2,323.5 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _266\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>126.6 <span class=\"_ _6a\"> </span>140.2 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _4e\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _8\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _21\"> </span>312.3 <span class=\"_ _6a\"> </span>312.3 </span></span>Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _199\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">7.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Put liability <span class=\"_ _239\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">52.1 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls38\">3,95<span class=\"_ _43\"></span>3.9 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,069.2 <span class=\"_ _5a\"> </span>1,069.2 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,069.2<span class=\"_ _92\"></span> <span class=\"_ _93\"> </span><span class=\"ls31\">  </span></span></span>Electricity supply commitment <span class=\"_ _101\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">113.4 <span class=\"_ _d9\"> </span></span>\u2013 </span>Obligation to return an interest <span class=\"_ _135\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _21\"> </span>116.7 <span class=\"_ _6a\"> </span>124.5 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">2.8 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _21\"> </span></span>126.0 <span class=\"_ _14b\"> </span>  Deferred income<span class=\"_ _43\"></span> for grants (emiss<span class=\"_ _43\"></span>ion rights) <span class=\"_ _1e4\"> </span><span class=\"ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls0\">0.1 <span class=\"_ _d9\"> </span><span class=\"ls31\">\u2013 </span></span></span>Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">204.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other non-current liabilities  <span class=\"_ _1a7\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls49\">5<span class=\"_ _43\"></span>63.4 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _5\"> </span>216.7 <span class=\"_ _15f\"> </span>216.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,274.9 <span class=\"_ _5a\"> </span>1,274.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,491.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">412.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _1b3\"> </span></span>10.8 <span class=\"_ _93\"> </span>  Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">467.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">144.6 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade payables and other liabilities <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,035.8 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _49\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _1ad\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _49\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>4,838.6 <span class=\"_ _93\"> </span>  </span></span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss <span class=\"_ _29b\"> </span><span class=\"ws0\">FVPL <span class=\"_ _11c\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,560.8 <span class=\"_ _93\"> </span>  </span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _21\"> </span>312.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _1b3\"> </span>13.4 <span class=\"_ _127\"> </span>13.4 Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _4f\"> </span>0.6 <span class=\"_ _de\"> </span>0.6 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>1 <span class=\"_ _1b3\"> </span>29.7 <span class=\"_ _127\"> </span>29.7 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>117.0 <span class=\"_ _15f\"> </span>117.0 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _1b3\"> </span>16.4 <span class=\"_ _127\"> </span>16.4 Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">177.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>454.9 <span class=\"_ _6a\"> </span>454.9 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>70.3 <span class=\"_ _2\"> </span>70.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">525.2 <span class=\"_ _14b\"> </span></span>  </span>Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _29e\"></span>130.4 <span class=\"_ _29f\"></span>130.4 Securities FVOCI <span class=\"_ _2a0\"></span>3 <span class=\"_ _2a1\"></span>6.7 <span class=\"_ _2a2\"></span>6.7 Securities FVOCI <span class=\"_ _2a3\"></span>AC <span class=\"_ _2a1\"></span>1.3 <span class=\"_ _2a2\"></span>1.3 Securities \u2013 closed items on the balance sheet <span class=\"_ _e7\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>67.7 <span class=\"_ _127\"> </span>65.4 Other loans \u2013 closed items on the balance sheet <span class=\"_ _35\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>309.2 <span class=\"_ _6a\"> </span>328.9 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>24.6 <span class=\"_ _127\"> </span>23.8 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>5.6 <span class=\"_ _de\"> </span>6.0 Other FVPL <span class=\"_ _2a4\"></span>3 <span class=\"_ _2a5\"></span>43.5 <span class=\"_ _2a6\"></span>43.5 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>274.5 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>36.5 <span class=\"_ _2ac\"></span>\u2013 Other inve<span class=\"_ _92\"></span>stments and non-current other receivables   <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">900.1 <span class=\"_ _93\"> </span></span>  Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _1b3\"> </span>31.3 <span class=\"_ _2\"> </span>31.3 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,941.3 <span class=\"_ _5a\"> </span>1,771.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,972.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span>AC <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>818.4 <span class=\"_ _d9\"> </span>\u2013 Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>57.6 <span class=\"_ _d9\"> </span>\u2013 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>49.1 <span class=\"_ _127\"> </span>49.6 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _de\"> </span>0.0 Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _2ad\"></span>4.3 <span class=\"_ _2ae\"></span>4.3 Emission rights <span class=\"_ _e0\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>31.2 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>334.7 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>38.1 <span class=\"_ _2ac\"></span>\u2013 T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _2af\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>1,333.4 <span class=\"_ _93\"> </span>  </span>Cash and cash equivalents <span class=\"_ _c6\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _15e\"> </span><span class=\"ls18\">318.6 <span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _333\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial assets at amor<span class=\"ls59 ws5a\">tised cost <span class=\"_ _bf\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,260.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair value thro<span class=\"ls0 ws0\">u<span class=\"_ _92\"></span>gh profit or loss <span class=\"_ _d5\"> </span>FVPL <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,676.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair valu<span class=\"_ _92\"></span>e through other comprehensive income <span class=\"_ _118\"> </span>FVOCI <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>185.2 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _16b\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Liabilities \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Bonds AC <span class=\"_ _2b0\"></span>2 <span class=\"_ _2b1\"></span>990.6 <span class=\"_ _2b2\"></span>1,019.8 Financial liabilities to banks<span class=\"ls46 ws2fb\"> and to others <span class=\"_ _1a2\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _22d\"> </span>1,858.8 <span class=\"_ _5a\"> </span>1,740.2 </span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance sheet <span class=\"_ _31\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>117.1 <span class=\"_ _6a\"> </span>150.9 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance<span class=\"ls19 ws184\"> sheet <span class=\"_ _288\"> </span>FVPL \u2013 D <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>330.1 <span class=\"_ _15f\"> </span>330.1 </span>Capital shares attributable <span class=\"ls0 ws0\">to limited partners <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _d9\"> </span>\u2013 </span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _21d\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>734.8 <span class=\"_ _6a\"> </span>734.8 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">734.8 <span class=\"_ _14b\"> </span></span>  </span>Electricity supply commitment <span class=\"_ _2a\"> </span>\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>126.5 <span class=\"_ _d9\"> </span>\u2013 Obligation to return an interest <span class=\"_ _135\"> </span>AC <span class=\"_ _8\"> </span>3 <span class=\"_ _5\"> </span>140.4 <span class=\"_ _6a\"> </span>243.3 T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>2.1 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>86.0 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>107.2 <span class=\"_ _2b3\"></span>\u2013 Non-current other liabilities <span class=\"_ _287\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">462.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>117.4 <span class=\"_ _6a\"> </span>117.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>3,190.1 <span class=\"_ _5a\"> </span>3,755.1 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.9 <span class=\"_ _de\"> </span>5.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current)   <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>3,313.3 <span class=\"_ _93\"> </span>  T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _5\"> </span>293.6 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>8.3 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>324.8 <span class=\"_ _2b3\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2b4\"></span>109.8 <span class=\"_ _29d\"></span>\u2013 T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _1a6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">736.4 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilities at amor<span class=\"_ _92\"></span>tised cost <span class=\"_ _2b5\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _5d\"> </span>3,834.5 <span class=\"_ _93\"> </span>  Financial liabilities at f<span class=\"_ _92\"></span>air value thro<span class=\"ls5d ws5e\">ugh profit or loss <span class=\"_ _e3\"> </span>FVPL <span class=\"_ _49\"> </span>  <span class=\"_ _5d\"> </span>4,048.1 <span class=\"_ _93\"> </span>  </span>Financial liabilities at <span class=\"ls60 ws259\">fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span>FVPL \u2013 D <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>330.1 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>Net results b<span class=\"_ _92\"></span>y measurement catego<span class=\"_ _92\"></span>ries Results in accordance with IFRS <span class=\"_ _87\"></span>7 comprise mainly impairment losses and reversals of impairment losses<span class=\"_ _92\"></span>, foreign exchange g<span class=\"_ _92\"></span>ains and losses and realised g<span class=\"_ _92\"></span>ains or losses on disposal.  Net results by measurement categories  <span class=\"_ _dd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Financial assets and liabilities measured <span class=\"_ _92\"></span>at<span class=\"ls59 ws5a\"> fair value through profit or loss <span class=\"_ _ba\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>41.8 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">101.1 </span></span></span>Financial assets and liabilities measured <span class=\"_ _92\"></span>at<span class=\"ls1a ws1c\"> fair value through profit or loss \u2013  </span>designated <span class=\"_ _28f\"> </span><span class=\"fc4 ls0\">20.6 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls49\">2<span class=\"_ _43\"></span>3.0 </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _78\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>21.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.8 </span></span></span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _1db\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>11.3 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">15.3 </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _11a\"> </span><span class=\"fc4 ls0 ws0\">23.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">4.3 </span></span>T<span class=\"_ _14\"></span>otal interest expenses from financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l <span class=\"ls62 ws64\">liabilities measured at amortised cost <span class=\"_ _16c\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>62.1 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">86.9 </span></span></span></span>T<span class=\"_ _14\"></span>otal interest income from financial <span class=\"ls1e ws1f\">asse<span class=\"_ _92\"></span>ts measured at amortised cost <span class=\"_ _2bc\"> </span><span class=\"fc4 ls0 ws0\">40.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">42.4 </span></span></span>Components<span class=\"_ _92\"></span> of the net result<span class=\"_ _92\"></span>s <span class=\"_ _2bd\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Measurement category <span class=\"_ _23\"> </span><span class=\"ls5a ws0\">Notes </span>Financial assets and liabilities measured at fair value through  profit or loss The results arose fro<span class=\"_ _92\"></span>m the measurement of derivative financial instruments in <span class=\"_ _92\"></span>the energy area (wholesale and trading) in th<span class=\"ls32 ws2e\">e operating result <span class=\"_ _92\"></span>(electricity revenue),  </span>as well as from the measur<span class=\"_ _92\"></span>ement of (other) derivative and non-d<span class=\"_ _92\"></span>erivative financial instruments in the finance area <span class=\"ls27 ws27\">in the other <span class=\"_ _92\"></span>financial result. </span>Financial assets and liabilities measured at fair value through  profit or loss \u2013 designated The results arose from the measurement<span class=\"ls34 ws32\"> of financial l<span class=\"_ _92\"></span>iabilities to banks  </span>(closed items on the bal<span class=\"_ _92\"></span>ance sheet). These results have to<span class=\"_ _92\"></span> be seen alongside an equal amount of opposing results from <span class=\"ls2a ws28\">financial assets and liabilities that are </span>measured at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue through profit or <span class=\"ls2d ws33\">loss and net results from financ<span class=\"_ _92\"></span>ial assets </span>and liabilities that are measured at cost. Financial assets and liabilities measured at amortised cost<span class=\"_ _92\"></span> The net results rel<span class=\"_ _92\"></span>ate primarily to fina<span class=\"ls2a ws28\">ncial instruments in connection with <span class=\"_ _92\"></span> </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet in the other financial result as <span class=\"_ _92\"></span>well as to valuation allowances on tra<span class=\"_ _92\"></span>de receivables in the operating resul<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _1d\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Assets \u2013 balance sheet items <span class=\"_ _a4\"> </span><span class=\"ff2f ls32 ws0\">Measurement </span>categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l <span class=\"_ _1e6\"> </span><span class=\"ls1a\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>15.4 <span class=\"_ _2\"> </span>15.4 </span></span>Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">13.6 <span class=\"_ _2\"> </span>13.6 </span></span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _b8\"> </span>27.4 <span class=\"_ _2\"> </span>27.4 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>121.2 <span class=\"_ _6a\"> </span>121.2 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">15.1 <span class=\"_ _2\"> </span>15.1 </span></span></span>Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">192.7 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>369.7 <span class=\"_ _6a\"> </span>369.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>36.2 <span class=\"_ _2\"> </span>36.2 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>31.5 <span class=\"_ _2\"> </span>31.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _27f\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">437.3 <span class=\"_ _14b\"> </span></span>  </span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>152.4 <span class=\"_ _6a\"> </span>152.4 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _119\"> </span>7.3 <span class=\"_ _ac\"> </span>7.3 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _a9\"> </span><span class=\"ls1c\">AC <span class=\"_ _119\"> </span><span class=\"ls0\">1.3 <span class=\"_ _de\"> </span>1.3 </span></span></span>Securities \u2013 closed items on th<span class=\"_ _92\"></span>e balance sheet <span class=\"_ _111\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>73.2 <span class=\"_ _16a\"> </span>71.2 </span></span>Other loans \u2013 closed item<span class=\"ls5e ws5f\">s on the balance sheet <span class=\"_ _14a\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>334.1 <span class=\"_ _6a\"> </span>335.9 </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>59.1 <span class=\"_ _2\"> </span>53.4 </span></span>Loans to affiliated companies <span class=\"_ _32\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>2.7 <span class=\"_ _de\"> </span>2.7 </span></span>Other loans <span class=\"_ _298\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.8 <span class=\"_ _de\"> </span>5.0 </span></span>Other <span class=\"_ _26c\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">3 <span class=\"_ _1b3\"> </span>21.2 <span class=\"_ _2\"> </span>21.2 </span></span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">250.2 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.3 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other inve<span class=\"_ _92\"></span>stments and non-current other receivables <span class=\"_ _299\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">945.5 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _119\"> </span>4.7 <span class=\"_ _ac\"> </span>4.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,820.7 <span class=\"_ _5a\"> </span>1,820.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>8.3 <span class=\"_ _ac\"> </span>8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls29\">1,833.7 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">968.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">57.9 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>3.5 <span class=\"_ _ac\"> </span>3.0 </span></span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _4f\"> </span>0.2 <span class=\"_ _de\"> </span>0.2 </span></span>Emission rights <span class=\"_ _e0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">49.0 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">428.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.7 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _b4\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,546.1 <span class=\"_ _14b\"> </span></span>  </span>Cash and cash equivalents <span class=\"_ _a0\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _179\"> </span><span class=\"ls18\">409.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _125\"> </span>  <span class=\"_ _14b\"> </span>  </span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _146\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,592.4 <span class=\"_ _93\"> </span>  </span></span>Financial assets measured at fair value through  profit or loss <span class=\"_ _6f\"> </span><span class=\"ws0\">FVPL <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,444.8 <span class=\"_ _14b\"> </span>  </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _13c\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _21\"> </span>201.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _1b3\"> </span>13.4 <span class=\"_ _127\"> </span>13.4 Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _4f\"> </span>0.6 <span class=\"_ _de\"> </span>0.6 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>1 <span class=\"_ _1b3\"> </span>29.7 <span class=\"_ _127\"> </span>29.7 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>117.0 <span class=\"_ _15f\"> </span>117.0 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _1b3\"> </span>16.4 <span class=\"_ _127\"> </span>16.4 Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">177.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>454.9 <span class=\"_ _6a\"> </span>454.9 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>70.3 <span class=\"_ _2\"> </span>70.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">525.2 <span class=\"_ _14b\"> </span></span>  </span>Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _29e\"></span>130.4 <span class=\"_ _29f\"></span>130.4 Securities FVOCI <span class=\"_ _2a0\"></span>3 <span class=\"_ _2a1\"></span>6.7 <span class=\"_ _2a2\"></span>6.7 Securities FVOCI <span class=\"_ _2a3\"></span>AC <span class=\"_ _2a1\"></span>1.3 <span class=\"_ _2a2\"></span>1.3 Securities \u2013 closed items on the balance sheet <span class=\"_ _e7\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>67.7 <span class=\"_ _127\"> </span>65.4 Other loans \u2013 closed items on the balance sheet <span class=\"_ _35\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>309.2 <span class=\"_ _6a\"> </span>328.9 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>24.6 <span class=\"_ _127\"> </span>23.8 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>5.6 <span class=\"_ _de\"> </span>6.0 Other FVPL <span class=\"_ _2a4\"></span>3 <span class=\"_ _2a5\"></span>43.5 <span class=\"_ _2a6\"></span>43.5 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>274.5 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>36.5 <span class=\"_ _2ac\"></span>\u2013 Other inve<span class=\"_ _92\"></span>stments and non-current other receivables   <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">900.1 <span class=\"_ _93\"> </span></span>  Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _1b3\"> </span>31.3 <span class=\"_ _2\"> </span>31.3 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,941.3 <span class=\"_ _5a\"> </span>1,771.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,972.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span>AC <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>818.4 <span class=\"_ _d9\"> </span>\u2013 Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>57.6 <span class=\"_ _d9\"> </span>\u2013 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>49.1 <span class=\"_ _127\"> </span>49.6 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _de\"> </span>0.0 Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _2ad\"></span>4.3 <span class=\"_ _2ae\"></span>4.3 Emission rights <span class=\"_ _e0\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>31.2 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>334.7 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>38.1 <span class=\"_ _2ac\"></span>\u2013 T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _2af\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>1,333.4 <span class=\"_ _93\"> </span>  </span>Cash and cash equivalents <span class=\"_ _c6\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _15e\"> </span><span class=\"ls18\">318.6 <span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _333\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial assets at amor<span class=\"ls59 ws5a\">tised cost <span class=\"_ _bf\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,260.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair value thro<span class=\"ls0 ws0\">u<span class=\"_ _92\"></span>gh profit or loss <span class=\"_ _d5\"> </span>FVPL <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,676.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair valu<span class=\"_ _92\"></span>e through other comprehensive income <span class=\"_ _118\"> </span>FVOCI <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>185.2 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>At 31 <span class=\"_ _88\"></span>December 2022, derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instrume<span class=\"ls64 ws4ce\">nts in the energy area <span class=\"_ _92\"></span><span class=\"ls63 ws410\">(electricity futur<span class=\"_ _92\"></span>es and </span></span>electricity forwards as well as g<span class=\"_ _92\"></span>as futures and gas forwards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span>2 futures and CO<span class=\"_ _333\"> </span>2 forwards) comprised the following: Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>2 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">580.8 <span class=\"_ _132\"> </span>1,618.4 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,037.6 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">426.6 <span class=\"_ _3\"> </span>701.1 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>274.5 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,012.1 <span class=\"_ _66\"> </span>2,491.9<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,479.8<span class=\"_ _92\"></span> </span>of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">948.1 <span class=\"_ _132\"> </span>1,879.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>931.5 </span>of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">64.0 <span class=\"_ _3\"> </span>612.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>548.3 </span>of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _114\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18c\"> </span>  <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,479.8 </span></span>Wh<span class=\"_ _92\"></span>olesale as at 31/12/2022 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,650.3 <span class=\"_ _3\"> </span>542.0 <span class=\"_ _aa\"> </span>1,108.3 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,994.7 <span class=\"_ _132\"> </span>2,875.3 <span class=\"_ _127\"> </span>119.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,645.0 <span class=\"_ _66\"> </span>3,417.3<span class=\"_ _92\"></span> <span class=\"_ _132\"> </span>1,227.6 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,798.3 <span class=\"_ _132\"> </span>2,410.0 <span class=\"_ _aa\"> </span>1,388.3 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">846.7 <span class=\"_ _132\"> </span>1,007.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>160.7 </span>Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">900.7 <span class=\"_ _132\"> </span>1,980.4 <span class=\"_ _1d1\"> </span>\u2013<span class=\"fsa\"> </span>1,079.7 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _224\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _16a\"> </span><span class=\"ls18\">147.9<span class=\"_ _333\"> </span></span></span>T<span class=\"_ _14\"></span>rading as at 31/12/2022<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  fair values Negative  fair values Net Futures <span class=\"_ _d1\"> </span><span class=\"ls0\">85.7 <span class=\"_ _9c\"> </span>88.5 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>2.8 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">1,354.6 <span class=\"_ _132\"> </span>1,353.2 <span class=\"_ _46\"> </span>1.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,440.3 <span class=\"_ _66\"> </span>1,441.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1.4 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,091.0 <span class=\"_ _132\"> </span>1,094.7 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>3.7 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">349.3 <span class=\"_ _3\"> </span>347.0 <span class=\"_ _46\"> </span>2.3 </span>T<span class=\"_ _14\"></span>otal as at 31/12/2022 <span class=\"_ _2ea\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">2,316.8 <span class=\"_ _132\"> </span>2,248.9 <span class=\"_ _de\"> </span>67.8 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,775.9 <span class=\"_ _132\"> </span>4,929.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>153.7 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">7,097.3 <span class=\"_ _66\"> </span>7,351.0<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span>Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _61\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,307.2 <span class=\"_ _66\"> </span>2,<span class=\"_ _92\"></span>560.8 <span class=\"_ _5b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span>EEX/ECX clearing variation margins of futures <span class=\"_ _111\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>112.2 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>112.2 </span>Recognised in either receivables from  derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span>derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,195.0 <span class=\"_ _66\"> </span>2,560.8<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>365.<span class=\"_ _92\"></span>8 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,825.3 <span class=\"_ _132\"> </span>1,491.6 <span class=\"_ _127\"> </span>333.7 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">369.7 <span class=\"_ _132\"> </span>1,069.2 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>699.5<span class=\"_ _333\"> </span></span>At 31 December 2021, deriva<span class=\"_ _92\"></span>tive financial instr<span class=\"_ _43\"></span>uments <span class=\"ls46 ws98b\">in the energy area (<span class=\"_ _92\"></span>electricity futures as well as </span>electricity forwards and option<span class=\"_ _92\"></span>s, gas futures an<span class=\"_ _92\"></span>d gas for<span class=\"_ _43\"></span>wards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span>2 futures a<span class=\"_ _43\"></span>nd CO<span class=\"_ _333\"> </span>2 forwards) comprised the following:  Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>1 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">267.6 <span class=\"_ _132\"> </span>1,334.8 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,067.2 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">229.1 <span class=\"_ _3\"> </span>973.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>744.5 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">504.1 <span class=\"_ _66\"> </span>2,425.8 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,921.<span class=\"_ _92\"></span>8 </span>of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">450.9 <span class=\"_ _132\"> </span>2,243.2 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,792.3 </span>of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">53.2 <span class=\"_ _3\"> </span>182.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>129.5 </span>of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _5c\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,921.8 </span></span>Wh<span class=\"_ _92\"></span>olesale as at 31/12/2021 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,489.9 <span class=\"_ _3\"> </span>595.6 <span class=\"_ _127\"> </span>894.3 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,435.8 <span class=\"_ _132\"> </span>3,209.9 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>774.1 </span>Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls31 ws0\">3,933.1<span class=\"_ _43\"></span> <span class=\"_ _66\"> </span><span class=\"ls18\">3,805.5 <span class=\"_ _3\"> </span>127.6 </span></span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,464.1 <span class=\"_ _132\"> </span>3,174.3 <span class=\"_ _127\"> </span>289.8 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">469.0 <span class=\"_ _3\"> </span>631.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>162.3 </span>Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">914.8 <span class=\"_ _132\"> </span>1,093.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>178.8 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2cf\"> </span><span class=\"ls18\">0.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _53\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">51.3 </span></span></span>T<span class=\"_ _14\"></span>rading as at 31/12/2021<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">222.7 <span class=\"_ _3\"> </span>207.6 <span class=\"_ _de\"> </span>15.1 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,019.8 <span class=\"_ _132\"> </span>4,037.1 <span class=\"_ _3\"> </span>\u2013<span class=\"fsa\"> </span>17.3 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,242.5 <span class=\"_ _66\"> </span>4,244.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>2.2 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,824.0 <span class=\"_ _132\"> </span>3,824.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.6 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">418.5 <span class=\"_ _3\"> </span>420.1 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>1.6<span class=\"_ _333\"> </span></span><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsaf ws262 gs127b\">T<span class=\"_ _14\"></span>otal as at 31/12/2021<span class=\"_ _333\"> </span></div><div class=\"t m0 h5f ff2b fsc fc0 sc0 ls0 ws0 gs127c\">1</div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws0 gs127d\"> <span class=\"_ _2eb\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls156 wsbd2 gs127e\">Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs127f\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1280\">Negative  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1281\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1282\">Net </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs1283\">Futures </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs1284\">1,980.2 <span class=\"_ _132\"> </span>2,138.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>157.8 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs1285\">Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">6,684.8 <span class=\"_ _132\"> </span>8,220.7 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,535.9 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls45 ws0 gs1286\">Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws0 gs1287\">Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1288\">T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">8,679.6 <span class=\"_ _fd\"> </span>10,476.1 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.<span class=\"_ _92\"></span>4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs1289\">Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _61\"> </span>0.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs128a\">T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _4b\"> </span>4,224.0 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs128b\">EEX/ECX clearing variation margins of futures <span class=\"_ _1e4\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>181.8 <span class=\"_ _5f\"> </span>181.8 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs128c\">Recognised in either receivables from  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs128d\">derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws68 gs128e\">derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _66\"> </span>4,042.2<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,614.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs128f\">of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,972.7 <span class=\"_ _132\"> </span>3,307.5 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,334.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs1290\">of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">454.9 <span class=\"_ _3\"> </span>734.8 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>279.8 </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs1291\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls199 ws896 gs1292\"> The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8.<span class=\"_ _333\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsHeldForTradingExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-556": {
   "value": "Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _1d\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Assets \u2013 balance sheet items <span class=\"_ _a4\"> </span><span class=\"ff2f ls32 ws0\">Measurement </span>categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l <span class=\"_ _1e6\"> </span><span class=\"ls1a\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>15.4 <span class=\"_ _2\"> </span>15.4 </span></span>Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">13.6 <span class=\"_ _2\"> </span>13.6 </span></span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _b8\"> </span>27.4 <span class=\"_ _2\"> </span>27.4 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>121.2 <span class=\"_ _6a\"> </span>121.2 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">15.1 <span class=\"_ _2\"> </span>15.1 </span></span></span>Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">192.7 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>369.7 <span class=\"_ _6a\"> </span>369.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>36.2 <span class=\"_ _2\"> </span>36.2 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>31.5 <span class=\"_ _2\"> </span>31.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _27f\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">437.3 <span class=\"_ _14b\"> </span></span>  </span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>152.4 <span class=\"_ _6a\"> </span>152.4 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _119\"> </span>7.3 <span class=\"_ _ac\"> </span>7.3 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _a9\"> </span><span class=\"ls1c\">AC <span class=\"_ _119\"> </span><span class=\"ls0\">1.3 <span class=\"_ _de\"> </span>1.3 </span></span></span>Securities \u2013 closed items on th<span class=\"_ _92\"></span>e balance sheet <span class=\"_ _111\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>73.2 <span class=\"_ _16a\"> </span>71.2 </span></span>Other loans \u2013 closed item<span class=\"ls5e ws5f\">s on the balance sheet <span class=\"_ _14a\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>334.1 <span class=\"_ _6a\"> </span>335.9 </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>59.1 <span class=\"_ _2\"> </span>53.4 </span></span>Loans to affiliated companies <span class=\"_ _32\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>2.7 <span class=\"_ _de\"> </span>2.7 </span></span>Other loans <span class=\"_ _298\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.8 <span class=\"_ _de\"> </span>5.0 </span></span>Other <span class=\"_ _26c\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">3 <span class=\"_ _1b3\"> </span>21.2 <span class=\"_ _2\"> </span>21.2 </span></span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">250.2 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.3 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other inve<span class=\"_ _92\"></span>stments and non-current other receivables <span class=\"_ _299\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">945.5 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _119\"> </span>4.7 <span class=\"_ _ac\"> </span>4.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,820.7 <span class=\"_ _5a\"> </span>1,820.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>8.3 <span class=\"_ _ac\"> </span>8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls29\">1,833.7 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">968.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">57.9 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>3.5 <span class=\"_ _ac\"> </span>3.0 </span></span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _4f\"> </span>0.2 <span class=\"_ _de\"> </span>0.2 </span></span>Emission rights <span class=\"_ _e0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">49.0 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">428.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.7 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _b4\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,546.1 <span class=\"_ _14b\"> </span></span>  </span>Cash and cash equivalents <span class=\"_ _a0\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _179\"> </span><span class=\"ls18\">409.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _125\"> </span>  <span class=\"_ _14b\"> </span>  </span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _146\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,592.4 <span class=\"_ _93\"> </span>  </span></span>Financial assets measured at fair value through  profit or loss <span class=\"_ _6f\"> </span><span class=\"ws0\">FVPL <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,444.8 <span class=\"_ _14b\"> </span>  </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _13c\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _21\"> </span>201.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _148\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Liabilities \u2013 balance sheet items <span class=\"_ _19c\"> </span><span class=\"ff2f ls247 ws0\">Measurement </span>categories in accordance with IFRS 9 Level <span class=\"_ _17\"> </span><span class=\"ls24b\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Bonds <span class=\"_ _29a\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,151.0 <span class=\"_ _15f\"> </span>956.5 </span></span>Financial liabilities to <span class=\"ls1f ws25a\">banks and to others <span class=\"_ _1a2\"> </span></span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span></span>2 <span class=\"_ _5d\"> </span>2,304.6 <span class=\"_ _5a\"> </span>2,323.5 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _266\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>126.6 <span class=\"_ _6a\"> </span>140.2 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _4e\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _8\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _21\"> </span>312.3 <span class=\"_ _6a\"> </span>312.3 </span></span>Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _199\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">7.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Put liability <span class=\"_ _239\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">52.1 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls38\">3,95<span class=\"_ _43\"></span>3.9 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,069.2 <span class=\"_ _5a\"> </span>1,069.2 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,069.2<span class=\"_ _92\"></span> <span class=\"_ _93\"> </span><span class=\"ls31\">  </span></span></span>Electricity supply commitment <span class=\"_ _101\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">113.4 <span class=\"_ _d9\"> </span></span>\u2013 </span>Obligation to return an interest <span class=\"_ _135\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _21\"> </span>116.7 <span class=\"_ _6a\"> </span>124.5 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">2.8 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _21\"> </span></span>126.0 <span class=\"_ _14b\"> </span>  Deferred income<span class=\"_ _43\"></span> for grants (emiss<span class=\"_ _43\"></span>ion rights) <span class=\"_ _1e4\"> </span><span class=\"ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls0\">0.1 <span class=\"_ _d9\"> </span><span class=\"ls31\">\u2013 </span></span></span>Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">204.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other non-current liabilities  <span class=\"_ _1a7\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls49\">5<span class=\"_ _43\"></span>63.4 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _5\"> </span>216.7 <span class=\"_ _15f\"> </span>216.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,274.9 <span class=\"_ _5a\"> </span>1,274.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,491.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">412.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _1b3\"> </span></span>10.8 <span class=\"_ _93\"> </span>  Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">467.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">144.6 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade payables and other liabilities <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,035.8 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _49\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _1ad\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _49\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>4,838.6 <span class=\"_ _93\"> </span>  </span></span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss <span class=\"_ _29b\"> </span><span class=\"ws0\">FVPL <span class=\"_ _11c\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,560.8 <span class=\"_ _93\"> </span>  </span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _21\"> </span>312.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _1b3\"> </span>13.4 <span class=\"_ _127\"> </span>13.4 Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _4f\"> </span>0.6 <span class=\"_ _de\"> </span>0.6 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>1 <span class=\"_ _1b3\"> </span>29.7 <span class=\"_ _127\"> </span>29.7 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>117.0 <span class=\"_ _15f\"> </span>117.0 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _1b3\"> </span>16.4 <span class=\"_ _127\"> </span>16.4 Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">177.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>454.9 <span class=\"_ _6a\"> </span>454.9 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>70.3 <span class=\"_ _2\"> </span>70.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">525.2 <span class=\"_ _14b\"> </span></span>  </span>Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _29e\"></span>130.4 <span class=\"_ _29f\"></span>130.4 Securities FVOCI <span class=\"_ _2a0\"></span>3 <span class=\"_ _2a1\"></span>6.7 <span class=\"_ _2a2\"></span>6.7 Securities FVOCI <span class=\"_ _2a3\"></span>AC <span class=\"_ _2a1\"></span>1.3 <span class=\"_ _2a2\"></span>1.3 Securities \u2013 closed items on the balance sheet <span class=\"_ _e7\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>67.7 <span class=\"_ _127\"> </span>65.4 Other loans \u2013 closed items on the balance sheet <span class=\"_ _35\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>309.2 <span class=\"_ _6a\"> </span>328.9 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>24.6 <span class=\"_ _127\"> </span>23.8 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>5.6 <span class=\"_ _de\"> </span>6.0 Other FVPL <span class=\"_ _2a4\"></span>3 <span class=\"_ _2a5\"></span>43.5 <span class=\"_ _2a6\"></span>43.5 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>274.5 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>36.5 <span class=\"_ _2ac\"></span>\u2013 Other inve<span class=\"_ _92\"></span>stments and non-current other receivables   <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">900.1 <span class=\"_ _93\"> </span></span>  Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _1b3\"> </span>31.3 <span class=\"_ _2\"> </span>31.3 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,941.3 <span class=\"_ _5a\"> </span>1,771.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,972.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span>AC <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>818.4 <span class=\"_ _d9\"> </span>\u2013 Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>57.6 <span class=\"_ _d9\"> </span>\u2013 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>49.1 <span class=\"_ _127\"> </span>49.6 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _de\"> </span>0.0 Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _2ad\"></span>4.3 <span class=\"_ _2ae\"></span>4.3 Emission rights <span class=\"_ _e0\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>31.2 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>334.7 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>38.1 <span class=\"_ _2ac\"></span>\u2013 T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _2af\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>1,333.4 <span class=\"_ _93\"> </span>  </span>Cash and cash equivalents <span class=\"_ _c6\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _15e\"> </span><span class=\"ls18\">318.6 <span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _333\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial assets at amor<span class=\"ls59 ws5a\">tised cost <span class=\"_ _bf\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,260.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair value thro<span class=\"ls0 ws0\">u<span class=\"_ _92\"></span>gh profit or loss <span class=\"_ _d5\"> </span>FVPL <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,676.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair valu<span class=\"_ _92\"></span>e through other comprehensive income <span class=\"_ _118\"> </span>FVOCI <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>185.2 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _16b\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Liabilities \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Bonds AC <span class=\"_ _2b0\"></span>2 <span class=\"_ _2b1\"></span>990.6 <span class=\"_ _2b2\"></span>1,019.8 Financial liabilities to banks<span class=\"ls46 ws2fb\"> and to others <span class=\"_ _1a2\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _22d\"> </span>1,858.8 <span class=\"_ _5a\"> </span>1,740.2 </span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance sheet <span class=\"_ _31\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>117.1 <span class=\"_ _6a\"> </span>150.9 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance<span class=\"ls19 ws184\"> sheet <span class=\"_ _288\"> </span>FVPL \u2013 D <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>330.1 <span class=\"_ _15f\"> </span>330.1 </span>Capital shares attributable <span class=\"ls0 ws0\">to limited partners <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _d9\"> </span>\u2013 </span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _21d\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>734.8 <span class=\"_ _6a\"> </span>734.8 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">734.8 <span class=\"_ _14b\"> </span></span>  </span>Electricity supply commitment <span class=\"_ _2a\"> </span>\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>126.5 <span class=\"_ _d9\"> </span>\u2013 Obligation to return an interest <span class=\"_ _135\"> </span>AC <span class=\"_ _8\"> </span>3 <span class=\"_ _5\"> </span>140.4 <span class=\"_ _6a\"> </span>243.3 T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>2.1 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>86.0 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>107.2 <span class=\"_ _2b3\"></span>\u2013 Non-current other liabilities <span class=\"_ _287\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">462.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>117.4 <span class=\"_ _6a\"> </span>117.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>3,190.1 <span class=\"_ _5a\"> </span>3,755.1 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.9 <span class=\"_ _de\"> </span>5.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current)   <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>3,313.3 <span class=\"_ _93\"> </span>  T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _5\"> </span>293.6 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>8.3 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>324.8 <span class=\"_ _2b3\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2b4\"></span>109.8 <span class=\"_ _29d\"></span>\u2013 T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _1a6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">736.4 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilities at amor<span class=\"_ _92\"></span>tised cost <span class=\"_ _2b5\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _5d\"> </span>3,834.5 <span class=\"_ _93\"> </span>  Financial liabilities at f<span class=\"_ _92\"></span>air value thro<span class=\"ls5d ws5e\">ugh profit or loss <span class=\"_ _e3\"> </span>FVPL <span class=\"_ _49\"> </span>  <span class=\"_ _5d\"> </span>4,048.1 <span class=\"_ _93\"> </span>  </span>Financial liabilities at <span class=\"ls60 ws259\">fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span>FVPL \u2013 D <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>330.1 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>At 31 <span class=\"_ _88\"></span>December 2022, derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instrume<span class=\"ls64 ws4ce\">nts in the energy area <span class=\"_ _92\"></span><span class=\"ls63 ws410\">(electricity futur<span class=\"_ _92\"></span>es and </span></span>electricity forwards as well as g<span class=\"_ _92\"></span>as futures and gas forwards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span>2 futures and CO<span class=\"_ _333\"> </span>2 forwards) comprised the following: Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>2 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">580.8 <span class=\"_ _132\"> </span>1,618.4 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,037.6 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">426.6 <span class=\"_ _3\"> </span>701.1 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>274.5 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,012.1 <span class=\"_ _66\"> </span>2,491.9<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,479.8<span class=\"_ _92\"></span> </span>of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">948.1 <span class=\"_ _132\"> </span>1,879.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>931.5 </span>of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">64.0 <span class=\"_ _3\"> </span>612.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>548.3 </span>of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _114\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18c\"> </span>  <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,479.8 </span></span>Wh<span class=\"_ _92\"></span>olesale as at 31/12/2022 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,650.3 <span class=\"_ _3\"> </span>542.0 <span class=\"_ _aa\"> </span>1,108.3 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,994.7 <span class=\"_ _132\"> </span>2,875.3 <span class=\"_ _127\"> </span>119.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,645.0 <span class=\"_ _66\"> </span>3,417.3<span class=\"_ _92\"></span> <span class=\"_ _132\"> </span>1,227.6 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,798.3 <span class=\"_ _132\"> </span>2,410.0 <span class=\"_ _aa\"> </span>1,388.3 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">846.7 <span class=\"_ _132\"> </span>1,007.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>160.7 </span>Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">900.7 <span class=\"_ _132\"> </span>1,980.4 <span class=\"_ _1d1\"> </span>\u2013<span class=\"fsa\"> </span>1,079.7 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _224\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _16a\"> </span><span class=\"ls18\">147.9<span class=\"_ _333\"> </span></span></span>T<span class=\"_ _14\"></span>rading as at 31/12/2022<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  fair values Negative  fair values Net Futures <span class=\"_ _d1\"> </span><span class=\"ls0\">85.7 <span class=\"_ _9c\"> </span>88.5 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>2.8 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">1,354.6 <span class=\"_ _132\"> </span>1,353.2 <span class=\"_ _46\"> </span>1.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,440.3 <span class=\"_ _66\"> </span>1,441.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1.4 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,091.0 <span class=\"_ _132\"> </span>1,094.7 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>3.7 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">349.3 <span class=\"_ _3\"> </span>347.0 <span class=\"_ _46\"> </span>2.3 </span>T<span class=\"_ _14\"></span>otal as at 31/12/2022 <span class=\"_ _2ea\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">2,316.8 <span class=\"_ _132\"> </span>2,248.9 <span class=\"_ _de\"> </span>67.8 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,775.9 <span class=\"_ _132\"> </span>4,929.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>153.7 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">7,097.3 <span class=\"_ _66\"> </span>7,351.0<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span>Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _61\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,307.2 <span class=\"_ _66\"> </span>2,<span class=\"_ _92\"></span>560.8 <span class=\"_ _5b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span>EEX/ECX clearing variation margins of futures <span class=\"_ _111\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>112.2 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>112.2 </span>Recognised in either receivables from  derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span>derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,195.0 <span class=\"_ _66\"> </span>2,560.8<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>365.<span class=\"_ _92\"></span>8 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,825.3 <span class=\"_ _132\"> </span>1,491.6 <span class=\"_ _127\"> </span>333.7 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">369.7 <span class=\"_ _132\"> </span>1,069.2 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>699.5<span class=\"_ _333\"> </span></span>At 31 December 2021, deriva<span class=\"_ _92\"></span>tive financial instr<span class=\"_ _43\"></span>uments <span class=\"ls46 ws98b\">in the energy area (<span class=\"_ _92\"></span>electricity futures as well as </span>electricity forwards and option<span class=\"_ _92\"></span>s, gas futures an<span class=\"_ _92\"></span>d gas for<span class=\"_ _43\"></span>wards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span>2 futures a<span class=\"_ _43\"></span>nd CO<span class=\"_ _333\"> </span>2 forwards) comprised the following:  Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>1 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">267.6 <span class=\"_ _132\"> </span>1,334.8 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,067.2 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">229.1 <span class=\"_ _3\"> </span>973.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>744.5 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">504.1 <span class=\"_ _66\"> </span>2,425.8 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,921.<span class=\"_ _92\"></span>8 </span>of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">450.9 <span class=\"_ _132\"> </span>2,243.2 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,792.3 </span>of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">53.2 <span class=\"_ _3\"> </span>182.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>129.5 </span>of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _5c\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,921.8 </span></span>Wh<span class=\"_ _92\"></span>olesale as at 31/12/2021 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,489.9 <span class=\"_ _3\"> </span>595.6 <span class=\"_ _127\"> </span>894.3 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,435.8 <span class=\"_ _132\"> </span>3,209.9 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>774.1 </span>Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls31 ws0\">3,933.1<span class=\"_ _43\"></span> <span class=\"_ _66\"> </span><span class=\"ls18\">3,805.5 <span class=\"_ _3\"> </span>127.6 </span></span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,464.1 <span class=\"_ _132\"> </span>3,174.3 <span class=\"_ _127\"> </span>289.8 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">469.0 <span class=\"_ _3\"> </span>631.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>162.3 </span>Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">914.8 <span class=\"_ _132\"> </span>1,093.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>178.8 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2cf\"> </span><span class=\"ls18\">0.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _53\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">51.3 </span></span></span>T<span class=\"_ _14\"></span>rading as at 31/12/2021<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span>fair values Negative  fair values Net Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">222.7 <span class=\"_ _3\"> </span>207.6 <span class=\"_ _de\"> </span>15.1 </span>Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,019.8 <span class=\"_ _132\"> </span>4,037.1 <span class=\"_ _3\"> </span>\u2013<span class=\"fsa\"> </span>17.3 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,242.5 <span class=\"_ _66\"> </span>4,244.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>2.2 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,824.0 <span class=\"_ _132\"> </span>3,824.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.6 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">418.5 <span class=\"_ _3\"> </span>420.1 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>1.6<span class=\"_ _333\"> </span></span>T<span class=\"_ _14\"></span>otal as at 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _2eb\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  fair values Negative  fair values Net Futures 1,980.2 <span class=\"_ _132\"> </span>2,138.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>157.8 Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">6,684.8 <span class=\"_ _132\"> </span>8,220.7 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,535.9 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span>Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">8,679.6 <span class=\"_ _fd\"> </span>10,476.1 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.<span class=\"_ _92\"></span>4 </span>Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _61\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _4b\"> </span>4,224.0 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.4 </span>EEX/ECX clearing variation margins of futures <span class=\"_ _1e4\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>181.8 <span class=\"_ _5f\"> </span>181.8 </span>Recognised in either receivables from  derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span>derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _66\"> </span>4,042.2<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,614.6 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,972.7 <span class=\"_ _132\"> </span>3,307.5 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,334.8 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">454.9 <span class=\"_ _3\"> </span>734.8 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>279.8 </span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsHeldForTradingExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-570": {
   "value": "Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _1d\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Assets \u2013 balance sheet items <span class=\"_ _a4\"> </span><span class=\"ff2f ls32 ws0\">Measurement </span>categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l <span class=\"_ _1e6\"> </span><span class=\"ls1a\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>15.4 <span class=\"_ _2\"> </span>15.4 </span></span>Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">13.6 <span class=\"_ _2\"> </span>13.6 </span></span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _b8\"> </span>27.4 <span class=\"_ _2\"> </span>27.4 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>121.2 <span class=\"_ _6a\"> </span>121.2 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">15.1 <span class=\"_ _2\"> </span>15.1 </span></span></span>Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">192.7 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>369.7 <span class=\"_ _6a\"> </span>369.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>36.2 <span class=\"_ _2\"> </span>36.2 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>31.5 <span class=\"_ _2\"> </span>31.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _27f\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">437.3 <span class=\"_ _14b\"> </span></span>  </span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>152.4 <span class=\"_ _6a\"> </span>152.4 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _119\"> </span>7.3 <span class=\"_ _ac\"> </span>7.3 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _a9\"> </span><span class=\"ls1c\">AC <span class=\"_ _119\"> </span><span class=\"ls0\">1.3 <span class=\"_ _de\"> </span>1.3 </span></span></span>Securities \u2013 closed items on th<span class=\"_ _92\"></span>e balance sheet <span class=\"_ _111\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>73.2 <span class=\"_ _16a\"> </span>71.2 </span></span>Other loans \u2013 closed item<span class=\"ls5e ws5f\">s on the balance sheet <span class=\"_ _14a\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>334.1 <span class=\"_ _6a\"> </span>335.9 </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>59.1 <span class=\"_ _2\"> </span>53.4 </span></span>Loans to affiliated companies <span class=\"_ _32\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>2.7 <span class=\"_ _de\"> </span>2.7 </span></span>Other loans <span class=\"_ _298\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.8 <span class=\"_ _de\"> </span>5.0 </span></span>Other <span class=\"_ _26c\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">3 <span class=\"_ _1b3\"> </span>21.2 <span class=\"_ _2\"> </span>21.2 </span></span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">250.2 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.3 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other inve<span class=\"_ _92\"></span>stments and non-current other receivables <span class=\"_ _299\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">945.5 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _119\"> </span>4.7 <span class=\"_ _ac\"> </span>4.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,820.7 <span class=\"_ _5a\"> </span>1,820.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>8.3 <span class=\"_ _ac\"> </span>8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls29\">1,833.7 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">968.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">57.9 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>3.5 <span class=\"_ _ac\"> </span>3.0 </span></span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _4f\"> </span>0.2 <span class=\"_ _de\"> </span>0.2 </span></span>Emission rights <span class=\"_ _e0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">49.0 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">428.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.7 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _b4\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,546.1 <span class=\"_ _14b\"> </span></span>  </span>Cash and cash equivalents <span class=\"_ _a0\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _179\"> </span><span class=\"ls18\">409.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _125\"> </span>  <span class=\"_ _14b\"> </span>  </span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _146\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,592.4 <span class=\"_ _93\"> </span>  </span></span>Financial assets measured at fair value through  profit or loss <span class=\"_ _6f\"> </span><span class=\"ws0\">FVPL <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,444.8 <span class=\"_ _14b\"> </span>  </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _13c\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _21\"> </span>201.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _148\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Liabilities \u2013 balance sheet items <span class=\"_ _19c\"> </span><span class=\"ff2f ls247 ws0\">Measurement </span>categories in accordance with IFRS 9 Level <span class=\"_ _17\"> </span><span class=\"ls24b\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Bonds <span class=\"_ _29a\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,151.0 <span class=\"_ _15f\"> </span>956.5 </span></span>Financial liabilities to <span class=\"ls1f ws25a\">banks and to others <span class=\"_ _1a2\"> </span></span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span></span>2 <span class=\"_ _5d\"> </span>2,304.6 <span class=\"_ _5a\"> </span>2,323.5 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _266\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>126.6 <span class=\"_ _6a\"> </span>140.2 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _4e\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _8\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _21\"> </span>312.3 <span class=\"_ _6a\"> </span>312.3 </span></span>Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _199\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">7.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Put liability <span class=\"_ _239\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">52.1 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls38\">3,95<span class=\"_ _43\"></span>3.9 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,069.2 <span class=\"_ _5a\"> </span>1,069.2 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,069.2<span class=\"_ _92\"></span> <span class=\"_ _93\"> </span><span class=\"ls31\">  </span></span></span>Electricity supply commitment <span class=\"_ _101\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">113.4 <span class=\"_ _d9\"> </span></span>\u2013 </span>Obligation to return an interest <span class=\"_ _135\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _21\"> </span>116.7 <span class=\"_ _6a\"> </span>124.5 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">2.8 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _21\"> </span></span>126.0 <span class=\"_ _14b\"> </span>  Deferred income<span class=\"_ _43\"></span> for grants (emiss<span class=\"_ _43\"></span>ion rights) <span class=\"_ _1e4\"> </span><span class=\"ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls0\">0.1 <span class=\"_ _d9\"> </span><span class=\"ls31\">\u2013 </span></span></span>Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">204.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other non-current liabilities  <span class=\"_ _1a7\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls49\">5<span class=\"_ _43\"></span>63.4 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _5\"> </span>216.7 <span class=\"_ _15f\"> </span>216.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,274.9 <span class=\"_ _5a\"> </span>1,274.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,491.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">412.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _1b3\"> </span></span>10.8 <span class=\"_ _93\"> </span>  Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">467.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">144.6 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade payables and other liabilities <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,035.8 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _49\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _1ad\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _49\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>4,838.6 <span class=\"_ _93\"> </span>  </span></span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss <span class=\"_ _29b\"> </span><span class=\"ws0\">FVPL <span class=\"_ _11c\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,560.8 <span class=\"_ _93\"> </span>  </span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _21\"> </span>312.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _1b3\"> </span>13.4 <span class=\"_ _127\"> </span>13.4 Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _4f\"> </span>0.6 <span class=\"_ _de\"> </span>0.6 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>1 <span class=\"_ _1b3\"> </span>29.7 <span class=\"_ _127\"> </span>29.7 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>117.0 <span class=\"_ _15f\"> </span>117.0 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _1b3\"> </span>16.4 <span class=\"_ _127\"> </span>16.4 Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">177.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>454.9 <span class=\"_ _6a\"> </span>454.9 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>70.3 <span class=\"_ _2\"> </span>70.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">525.2 <span class=\"_ _14b\"> </span></span>  </span>Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _29e\"></span>130.4 <span class=\"_ _29f\"></span>130.4 Securities FVOCI <span class=\"_ _2a0\"></span>3 <span class=\"_ _2a1\"></span>6.7 <span class=\"_ _2a2\"></span>6.7 Securities FVOCI <span class=\"_ _2a3\"></span>AC <span class=\"_ _2a1\"></span>1.3 <span class=\"_ _2a2\"></span>1.3 Securities \u2013 closed items on the balance sheet <span class=\"_ _e7\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>67.7 <span class=\"_ _127\"> </span>65.4 Other loans \u2013 closed items on the balance sheet <span class=\"_ _35\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>309.2 <span class=\"_ _6a\"> </span>328.9 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>24.6 <span class=\"_ _127\"> </span>23.8 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>5.6 <span class=\"_ _de\"> </span>6.0 Other FVPL <span class=\"_ _2a4\"></span>3 <span class=\"_ _2a5\"></span>43.5 <span class=\"_ _2a6\"></span>43.5 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>274.5 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>36.5 <span class=\"_ _2ac\"></span>\u2013 Other inve<span class=\"_ _92\"></span>stments and non-current other receivables   <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">900.1 <span class=\"_ _93\"> </span></span>  Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _1b3\"> </span>31.3 <span class=\"_ _2\"> </span>31.3 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,941.3 <span class=\"_ _5a\"> </span>1,771.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,972.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span>AC <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>818.4 <span class=\"_ _d9\"> </span>\u2013 Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>57.6 <span class=\"_ _d9\"> </span>\u2013 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>49.1 <span class=\"_ _127\"> </span>49.6 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _de\"> </span>0.0 Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _2ad\"></span>4.3 <span class=\"_ _2ae\"></span>4.3 Emission rights <span class=\"_ _e0\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>31.2 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>334.7 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>38.1 <span class=\"_ _2ac\"></span>\u2013 T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _2af\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>1,333.4 <span class=\"_ _93\"> </span>  </span>Cash and cash equivalents <span class=\"_ _c6\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _15e\"> </span><span class=\"ls18\">318.6 <span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _333\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial assets at amor<span class=\"ls59 ws5a\">tised cost <span class=\"_ _bf\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,260.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair value thro<span class=\"ls0 ws0\">u<span class=\"_ _92\"></span>gh profit or loss <span class=\"_ _d5\"> </span>FVPL <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,676.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair valu<span class=\"_ _92\"></span>e through other comprehensive income <span class=\"_ _118\"> </span>FVOCI <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>185.2 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _16b\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Liabilities \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Bonds AC <span class=\"_ _2b0\"></span>2 <span class=\"_ _2b1\"></span>990.6 <span class=\"_ _2b2\"></span>1,019.8 Financial liabilities to banks<span class=\"ls46 ws2fb\"> and to others <span class=\"_ _1a2\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _22d\"> </span>1,858.8 <span class=\"_ _5a\"> </span>1,740.2 </span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance sheet <span class=\"_ _31\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>117.1 <span class=\"_ _6a\"> </span>150.9 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance<span class=\"ls19 ws184\"> sheet <span class=\"_ _288\"> </span>FVPL \u2013 D <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>330.1 <span class=\"_ _15f\"> </span>330.1 </span>Capital shares attributable <span class=\"ls0 ws0\">to limited partners <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _d9\"> </span>\u2013 </span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _21d\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>734.8 <span class=\"_ _6a\"> </span>734.8 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">734.8 <span class=\"_ _14b\"> </span></span>  </span>Electricity supply commitment <span class=\"_ _2a\"> </span>\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>126.5 <span class=\"_ _d9\"> </span>\u2013 Obligation to return an interest <span class=\"_ _135\"> </span>AC <span class=\"_ _8\"> </span>3 <span class=\"_ _5\"> </span>140.4 <span class=\"_ _6a\"> </span>243.3 T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>2.1 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>86.0 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>107.2 <span class=\"_ _2b3\"></span>\u2013 Non-current other liabilities <span class=\"_ _287\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">462.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>117.4 <span class=\"_ _6a\"> </span>117.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>3,190.1 <span class=\"_ _5a\"> </span>3,755.1 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.9 <span class=\"_ _de\"> </span>5.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current)   <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>3,313.3 <span class=\"_ _93\"> </span>  T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _5\"> </span>293.6 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>8.3 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>324.8 <span class=\"_ _2b3\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2b4\"></span>109.8 <span class=\"_ _29d\"></span>\u2013 T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _1a6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">736.4 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilities at amor<span class=\"_ _92\"></span>tised cost <span class=\"_ _2b5\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _5d\"> </span>3,834.5 <span class=\"_ _93\"> </span>  Financial liabilities at f<span class=\"_ _92\"></span>air value thro<span class=\"ls5d ws5e\">ugh profit or loss <span class=\"_ _e3\"> </span>FVPL <span class=\"_ _49\"> </span>  <span class=\"_ _5d\"> </span>4,048.1 <span class=\"_ _93\"> </span>  </span>Financial liabilities at <span class=\"ls60 ws259\">fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span>FVPL \u2013 D <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>330.1 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls146 ws674 gse34\">Non-current an<span class=\"_ _92\"></span>d current financial liabilities<span class=\"_ _92\"></span>  <span class=\"_ _e1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gse35\">  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gse36\">  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gse37\">Bonds <span class=\"_ _1ce\"> </span><span class=\"fc4 ls0\">986.5 <span class=\"_ _66\"> </span></span><span class=\"ff2f ls18\">1,139.0 <span class=\"_ _24c\"> </span></span><span class=\"fc4 ls0\">4.1 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls18\">12.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gse38\">Financial liabilit<span class=\"lscc ws25e\">ies to banks <span class=\"_ _112\"> </span><span class=\"fc4 ls0 ws0\">253.4 <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls18\">1,032.9<span class=\"_ _92\"></span> <span class=\"_ _132\"> </span><span class=\"ff2a fc4 ls0\">1,458.3 <span class=\"_ _132\"> </span></span>1,096.6 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gse39\">Financial liabilit<span class=\"lscc ws25e\">ies to others <span class=\"_ _13a\"> </span><span class=\"fc4 ls0 ws0\">147.0 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">174.5 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.7 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gse3a\">Capital shares attributable to  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws31 gse3b\">limited partners <span class=\"_ _3e\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _16e\"> </span><span class=\"ff2f fc0 ls31\">7<span class=\"_ _43\"></span>.3 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gse3c\">Put liability <span class=\"_ _118\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">52.1 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gse3d\">Subtotal <span class=\"_ _95\"> </span><span class=\"fc4 ls18\">1,386.<span class=\"_ _92\"></span>9 <span class=\"_ _119\"> </span><span class=\"ff2c fc0\">2,405.7 <span class=\"_ _4b\"> </span></span>1,462.5 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,109.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gse3e\">Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws5b gse3f\">closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _9e\"> </span><span class=\"fc4 ls0 ws0\">447.2 <span class=\"_ _3\"> </span><span class=\"fc0\">438.9 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _61\"> </span><span class=\"fc0\">0.0 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gse40\">Non-current and current  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gse41\">financial liabilities <span class=\"_ _1cf\"> </span><span class=\"fc4 ls18 ws0\">1,834.<span class=\"_ _92\"></span>1 <span class=\"_ _66\"> </span><span class=\"fc0\">2,844.6 <span class=\"_ _66\"> </span></span>1,462.<span class=\"_ _92\"></span>5 <span class=\"_ _132\"> </span><span class=\"fc0\">1,109.3</span></span><span class=\"fc4 ls18 ws0\"><span class=\"fc0\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsc1 ws49b gse48\">Non-current and current fi<span class=\"lsc4 ws2b2\">nancial liab<span class=\"_ _92\"></span>ilities 2022  <span class=\"_ _2d0\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2\"> </span>  </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gse49\">Longest </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws0 gse4a\">maturity </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws0 gse4b\">Issue </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gse4c\">volume </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gse4d\">Carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws23 gse4e\">amount  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gse4f\">as at 31/12 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws91c gse50\">1 year or </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gse51\">less </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gse52\">Bonds <span class=\"_ _e9\"> </span><span class=\"ls31\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _5f\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gse53\">Euro currency <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _94\"> </span>1,203.0 <span class=\"_ _94\"> </span>1,151.0 <span class=\"_ _23\"> </span>12.0 <span class=\"_ _5f\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gse54\">T<span class=\"_ _14\"></span>otal bonds <span class=\"_ _103\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _1e5\"> </span><span class=\"ls18\">1,151.0 <span class=\"_ _1c\"> </span>12.0 <span class=\"_ _127\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gse55\">of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _94\"> </span>1,203.0 <span class=\"_ _94\"> </span>1,151.0 <span class=\"_ _23\"> </span>12.0 <span class=\"_ _5f\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gse56\">Financial liabilities to banks <span class=\"_ _d0\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _159\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gse57\">Euro currency <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _94\"> </span>2,470.8 <span class=\"_ _94\"> </span>2,129.5 <span class=\"_ _94\"> </span>1,096.6 <span class=\"_ _159\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gse58\">T<span class=\"_ _14\"></span>otal financial liabilities to banks <span class=\"_ _266\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _1e5\"> </span><span class=\"ls18\">2,129.5 <span class=\"_ _5d\"> </span>1,096.6 <span class=\"_ _5f\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gse59\">of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2037 <span class=\"_ _8\"> </span>490.0 <span class=\"_ _1f\"> </span>236.3 <span class=\"_ _23\"> </span>24.2 <span class=\"_ _159\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gse5a\">of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _3a\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _94\"> </span>1,980.8 <span class=\"_ _94\"> </span>1,893.2 <span class=\"_ _94\"> </span>1,072.4 <span class=\"_ _5f\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gse5b\">Financial liabilities to others <span class=\"_ _a1\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _5f\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gse5c\">Euro currency <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _8\"> </span>174.5 <span class=\"_ _1f\"> </span>175.1 <span class=\"_ _4b\"> </span>0.7 <span class=\"_ _159\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gse5d\">T<span class=\"_ _14\"></span>otal financial liabilities to others <span class=\"_ _1b1\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _11\"> </span><span class=\"ls18\">175.1<span class=\"_ _92\"></span> <span class=\"_ _2c\"> </span>0.7 <span class=\"_ _127\"> </span><span class=\"ls31\">  </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gse5e\">of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _23\"> </span>15.1 <span class=\"_ _23\"> </span>15.6 <span class=\"_ _2c\"> </span>0.5 <span class=\"_ _159\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gse5f\">of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _3a\"> </span><span class=\"ls0 ws0\">2024 <span class=\"_ _8\"> </span>159.4 <span class=\"_ _1f\"> </span>159.5 <span class=\"_ _4b\"> </span>0.1 <span class=\"_ _5f\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gse60\">Financial liabilities to banks \u2013  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gse61\">closed items on the balance sheet<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gse62\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gse63\">Foreign curr<span class=\"_ _92\"></span>encies ($) <span class=\"_ _15\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _16a\"> </span>  <span class=\"_ _8\"> </span>438.9 <span class=\"_ _16a\"> </span>  <span class=\"_ _159\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gse64\">T<span class=\"_ _14\"></span>otal financial liabilities to banks \u2013  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gse65\">closed items on the balance sheet <span class=\"_ _2b5\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _11\"> </span><span class=\"ls18\">438.9 <span class=\"_ _3\"> </span></span>  <span class=\"_ _5f\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gse66\">of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _16a\"> </span>  <span class=\"_ _8\"> </span>438.9 <span class=\"_ _16a\"> </span>  <span class=\"_ _159\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c wsa8a gse67\">Capital shares attrib<span class=\"_ _92\"></span>utab<span class=\"lsca ws30\">le to limited partners <span class=\"_ _236\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _2c\"> </span>7.3 <span class=\"_ _16a\"> </span>  <span class=\"_ _5f\"> </span>  </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gse68\">Put liability <span class=\"_ _20d\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls18\">52.1 <span class=\"_ _3\"> </span></span>  <span class=\"_ _159\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gse69\">T<span class=\"_ _14\"></span>otal financial liabilities <span class=\"_ _1c3\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _3\"> </span>  <span class=\"_ _1e5\"> </span><span class=\"ls38\">3,9<span class=\"_ _43\"></span>53.9 <span class=\"_ _1e5\"> </span><span class=\"ls18\">1,109.3 <span class=\"_ _5f\"> </span></span></span>  </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gse6a\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls143 ws537 gse6b\"> There is balan<span class=\"_ _43\"></span>ce sheet c<span class=\"_ _43\"></span>over on the asset<span class=\"_ _43\"></span> side for th<span class=\"_ _43\"></span>ese financi<span class=\"_ _43\"></span>al liabiliti<span class=\"_ _43\"></span>es.<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws0 gse6d\"> <span class=\"_ _7a\"> </span><span class=\"ff2a fs7\">  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _159\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _aa\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1cf wsaca gse6e\">\u203a 1 to 2 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls247 ws0 gse6f\">years<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gse70\">\u203a 2 to 3 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls247 ws0 gse71\">years<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gse72\">\u203a 3 to 4 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls247 ws0 gse73\">years<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1cf wsaca gse74\">\u203a 4 to 5 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls247 ws0 gse75\">years<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls268 wsb6a gse76\">\u203a 5 year<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls102 ws0 gse77\">Weighted </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws0 gse78\">nominal </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gse79\">interest rate </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls102 ws0 gse7a\">Weighted </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gse7b\">effectiv<span class=\"_ _92\"></span>e </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gse7c\">interest rate </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gse7d\">Fair value  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gse7e\">as at 31/12 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 wsb9a gse7f\"> <span class=\"_ _b8\"> </span>512.1 13.6 12.9 12.4 <span class=\"_ _8e\"></span>588.0 <span class=\"_ _2d2\"></span>1.29 <span class=\"_ _2d3\"></span>% <span class=\"_ _2d2\"></span>1.34 <span class=\"_ _2d3\"></span>% <span class=\"_ _86\"></span>956.5 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gse80\"> <span class=\"_ _d5\"> </span><span class=\"ls18\">512.1 <span class=\"_ _23\"> </span><span class=\"ls49\">13.6 <span class=\"_ _fd\"> </span></span>12.9 <span class=\"_ _23\"> </span>12.4 <span class=\"_ _1f\"> </span>588.0 <span class=\"_ _37\"> </span><span class=\"ws6d6\">1.29 % <span class=\"_ _41\"> </span><span class=\"ls159 ws850\">1.34 % <span class=\"_ _2d4\"> </span></span></span>956.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gse81\"> <span class=\"_ _b5\"> </span>512.1 <span class=\"_ _68\"> </span>13.6 <span class=\"_ _68\"> </span>12.9 <span class=\"_ _68\"> </span>12.4 <span class=\"_ _6\"> </span>588.0 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">1.29 % <span class=\"_ _147\"> </span>1.34 % <span class=\"_ _1cd\"> </span></span>956.5 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca wsb9b gse82\"> <span class=\"_ _aa\"> </span>61.4 313.3 <span class=\"_ _174\"> </span>31.7 252.9 373.6 <span class=\"_ _8b\"></span>2.30 <span class=\"_ _2d5\"></span>% <span class=\"_ _8b\"></span>3.00 <span class=\"_ _2d5\"></span>% <span class=\"_ _db\"></span>2,143.2 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gse83\"> <span class=\"_ _19f\"> </span><span class=\"ls18\">61.4 <span class=\"_ _8\"> </span><span class=\"ls31\">313.3 <span class=\"_ _23\"> </span><span class=\"ls29\">31.7 <span class=\"_ _8\"> </span></span></span>252.9 <span class=\"_ _8\"> </span><span class=\"ls31\">373.6 <span class=\"_ _37\"> </span><span class=\"ls159 ws850\">2.30 % <span class=\"_ _41\"> </span></span></span><span class=\"ws6d6\">3.00 % <span class=\"_ _182\"> </span></span>2,143.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gse84\"> <span class=\"_ _16f\"> </span>22.6 <span class=\"_ _68\"> </span>17.6 <span class=\"_ _66\"> </span>9.8 <span class=\"_ _4a\"> </span>7.0 <span class=\"_ _7\"> </span>155.0 <span class=\"_ _147\"> </span>2.55 % <span class=\"_ _185\"> </span>2.68 % <span class=\"_ _1cd\"> </span>222.8 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca wsb9b gse85\"> <span class=\"_ _aa\"> </span>38.8 295.7 <span class=\"_ _174\"> </span>21.9 245.9 218.6 <span class=\"_ _8b\"></span>2.16 <span class=\"_ _2d5\"></span>% <span class=\"_ _8b\"></span>3.33 <span class=\"_ _2d5\"></span>% <span class=\"_ _db\"></span>1,920.4 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 wsb9a gse86\"> <span class=\"_ _b8\"> </span>147.0 <span class=\"_ _174\"> </span>0.0 <span class=\"_ _174\"> </span>0.0 12.4 15.1 <span class=\"_ _2d2\"></span>3.91 <span class=\"_ _1b4\"></span>% <span class=\"_ _2d2\"></span>3.17 <span class=\"_ _2d3\"></span>% <span class=\"_ _86\"></span>180.3 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gse87\"> <span class=\"_ _d5\"> </span><span class=\"ls18\">147.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _23\"> </span>12.4 <span class=\"_ _23\"> </span>15.1 <span class=\"_ _127\"> </span><span class=\"ls31\">  <span class=\"_ _127\"> </span>  <span class=\"_ _2d4\"> </span></span>180.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gse88\"> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>15.1 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">7.00 % <span class=\"_ _147\"> </span>7.21 % <span class=\"_ _10d\"> </span></span>19.1 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 wsb9c gse89\"> <span class=\"_ _5\"> </span>147.0 0.0 0.0 <span class=\"_ _8e\"></span>12.4 0.0 <span class=\"_ _2d6\"></span>3.61 <span class=\"_ _2d7\"></span>% <span class=\"_ _2d6\"></span>2.34 <span class=\"_ _2d7\"></span>% <span class=\"_ _c8\"></span>161.1 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gse8a\"> <span class=\"_ _1ad\"> </span>  <span class=\"_ _68\"> </span>92.9 <span class=\"_ _7\"> </span>294.0 <span class=\"_ _68\"> </span>30.3 <span class=\"_ _68\"> </span>21.7 <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _1cd\"> </span>452.5 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gse8b\">  <span class=\"_ _23\"> </span><span class=\"ls18\">92.9 <span class=\"_ _8\"> </span>294.0<span class=\"_ _92\"></span> <span class=\"_ _fd\"> </span><span class=\"ls31\">30.3 <span class=\"_ _fd\"> </span></span>21.7 <span class=\"_ _2\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _2d4\"> </span></span>452.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 wsb9d gse8c\"> <span class=\"_ _1a\"> </span> <span class=\"_ _2d3\"></span> 92.9 <span class=\"_ _8e\"></span>294.0 30.3 21.7 <span class=\"_ _184\"> </span> <span class=\"_ _2d3\"></span> <span class=\"_ _184\"> </span> <span class=\"_ _2d3\"></span> <span class=\"_ _86\"></span>452.5 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gse8d\"> <span class=\"_ _2af\"> </span><span class=\"ls31\">7<span class=\"_ _43\"></span>.3 <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _45\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gse8e\">52.1 <span class=\"_ _127\"> </span><span class=\"ls31\">  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _45\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gse8f\"> <span class=\"_ _d5\"> </span><span class=\"ls18\">779.9 <span class=\"_ _8\"> </span>419.<span class=\"_ _92\"></span>8 <span class=\"_ _8\"> </span><span class=\"ls31\">338.6 <span class=\"_ _8\"> </span></span>308.0 <span class=\"_ _1f\"> </span>998.3 <span class=\"_ _127\"> </span></span><span class=\"ls18\"><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _45\"> </span>  </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsc1 ws49b gse91\">Non-current and current fi<span class=\"lsc4 ws2b2\">nancial liab<span class=\"_ _92\"></span>ilities 2021 </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gse92\">  <span class=\"_ _26c\"> </span><span class=\"ff2f ls1d\">Longest </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gse93\">maturity  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws0 gse94\">Issue </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gse95\">volume </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gse96\">Carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gse97\">amount as </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls149 ws5c gse98\">at 31/12 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws91c gse99\">1 year or </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gse9a\">less </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gse9b\">Bonds <span class=\"_ _ee\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gse9c\">Euro currency <span class=\"_ _98\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _1e8\"> </span>1,000.0 <span class=\"_ _7\"> </span>990.6 <span class=\"_ _4a\"> </span>4.3 <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gse9d\">T<span class=\"_ _14\"></span>otal bonds <span class=\"_ _1bb\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _8\"> </span><span class=\"ls18\">990.6 <span class=\"_ _4b\"> </span></span>4.3 <span class=\"_ _117\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gse9e\">of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _f8\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _182\"> </span>1,000.0 <span class=\"_ _6\"> </span>990.6 <span class=\"_ _4a\"> </span>4.3 <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gse9f\">Financial liabilities to banks <span class=\"_ _c6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gsea0\">Euro currency <span class=\"_ _98\"> </span><span class=\"ls0 ws0\">2037 <span class=\"_ _1e8\"> </span>1,970.0 <span class=\"_ _182\"> </span>1,711.8 <span class=\"_ _1e8\"> </span>1,458.3 <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gsea1\">T<span class=\"_ _14\"></span>otal financial liabilities to banks <span class=\"_ _13c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _94\"> </span><span class=\"ls18\">1,970.0 <span class=\"_ _134\"> </span>1,711.8 <span class=\"_ _134\"> </span>1,458.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gsea2\">of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _f8\"> </span><span class=\"ls0 ws0\">2037 <span class=\"_ _7\"> </span>490.0 <span class=\"_ _6\"> </span>260.5 <span class=\"_ _68\"> </span>25.8 <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gsea3\">of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _1ec\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _182\"> </span>1,480.0 <span class=\"_ _1e8\"> </span>1,451.3 <span class=\"_ _182\"> </span>1,432.5 <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls62 ws90e gsea4\">Financial liabilities to others <span class=\"_ _42\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gsea5\">Euro currency <span class=\"_ _98\"> </span><span class=\"ls0 ws0\">2024 <span class=\"_ _6\"> </span>147.0 <span class=\"_ _6\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gsea6\">T<span class=\"_ _14\"></span>otal financial liabilities to others <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1f\"> </span><span class=\"ls18\">147.0 <span class=\"_ _8\"> </span>147.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _117\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gsea7\">of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _1ec\"> </span><span class=\"ls0 ws0\">2024 <span class=\"_ _7\"> </span>147.0 <span class=\"_ _6\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gsea8\">Financial liabilities to banks \u2013  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gsea9\">closed items on the balance sheet<span class=\"_ _333\"> </span></div><div class=\"t m0 h5c ff2f fs9 fc0 sc0 ls0 ws0 gseaa\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gseab\">Foreign curr<span class=\"_ _92\"></span>encies ($) <span class=\"_ _c7\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _5f\"> </span>  <span class=\"_ _6\"> </span>447.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gseac\">T<span class=\"_ _14\"></span>otal financial liabilities to banks \u2013  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gsead\">closed items on the balance sheet <span class=\"_ _72\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _8\"> </span><span class=\"ls18\">447.2 <span class=\"_ _127\"> </span></span>  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gseae\">of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _f8\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _5f\"> </span>  <span class=\"_ _6\"> </span>447.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2c wsa8a gseaf\">Capital shares attrib<span class=\"_ _92\"></span>utab<span class=\"lsca ws30\">le to limited partners <span class=\"_ _148\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _66\"> </span><span class=\"ls18\">0.0<span class=\"_ _92\"></span> <span class=\"_ _5f\"> </span><span class=\"ls31\">  <span class=\"_ _117\"> </span>  </span></span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws2b gseb0\">T<span class=\"_ _14\"></span>otal financial liabilities <span class=\"_ _2d8\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _94\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _134\"> </span>1,462.6 <span class=\"_ _117\"> </span></span>  </span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gseb1\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls143 ws537 gseb2\"> There is balan<span class=\"_ _43\"></span>ce sheet c<span class=\"_ _43\"></span>over on the asset<span class=\"_ _43\"></span> side for th<span class=\"_ _43\"></span>ese financi<span class=\"_ _43\"></span>al liabiliti<span class=\"_ _43\"></span>es.<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws0 gseb4\"> <span class=\"_ _7a\"> </span><span class=\"ff2a fs7\">  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _159\"> </span>  <span class=\"_ _45\"> </span>  <span class=\"_ _aa\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1cf wsaca gseb5\">\u203a 1 to 2 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls247 ws0 gseb6\">years<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gseb7\">\u203a 2 to 3 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls247 ws0 gseb8\">years<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gseb9\">\u203a 3 to 4 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls247 ws0 gseba\">years<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1cf wsaca gsebb\">\u203a 4 to 5 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls247 ws0 gsebc\">years<span class=\"_ _43\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls268 wsb6a gsebd\">\u203a 5 year<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls102 ws0 gsebe\">Weighted </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls46 ws0 gsebf\">nominal </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gsec0\">interest rate </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls102 ws0 gsec1\">Weighted </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gsec2\">effectiv<span class=\"_ _92\"></span>e </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gsec3\">interest rate </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gsec4\">Fair value  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5e ws25c gsec5\">as at 31/12 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsec6\"> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>496.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>489.4 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">1.20 % <span class=\"_ _147\"> </span>1.28 % <span class=\"_ _41\"> </span></span>1,019.8 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsec7\"> <span class=\"_ _2af\"> </span><span class=\"ls18\">0.0 <span class=\"_ _8\"> </span>496.9 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _1f\"> </span>489.4 <span class=\"_ _37\"> </span><span class=\"ws6d6\">1.20 % <span class=\"_ _41\"> </span>1.28 % <span class=\"_ _182\"> </span></span>1,019.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsec8\"> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>496.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>489.4 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">1.20 % <span class=\"_ _147\"> </span>1.28 % <span class=\"_ _41\"> </span></span>1,019.8 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsec9\"> <span class=\"_ _16f\"> </span>25.1 <span class=\"_ _68\"> </span>25.1 <span class=\"_ _68\"> </span>20.1 <span class=\"_ _68\"> </span>12.3 <span class=\"_ _7\"> </span>170.8 <span class=\"_ _147\"> </span><span class=\"ls5b ws5c\">0.11 % <span class=\"_ _185\"> </span>2.21 % <span class=\"_ _41\"> </span></span>1,740.2 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gseca\"> <span class=\"_ _19f\"> </span><span class=\"ls18\">25.1 <span class=\"_ _23\"> </span>25.1 <span class=\"_ _23\"> </span>20.1 <span class=\"_ _23\"> </span>12.3 <span class=\"_ _8\"> </span>170.<span class=\"_ _92\"></span>8 <span class=\"_ _41\"> </span><span class=\"ws6d6\">0.11 % <span class=\"_ _37\"> </span>2.21 % <span class=\"_ _182\"> </span></span>1,740.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsecb\"> <span class=\"_ _16f\"> </span>22.6 <span class=\"_ _68\"> </span>22.6 <span class=\"_ _68\"> </span>17.6 <span class=\"_ _66\"> </span>9.8 <span class=\"_ _6\"> </span>162.0 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">2.29 % <span class=\"_ _147\"> </span>2.51 % <span class=\"_ _1cd\"> </span></span>289.2 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsecc\"> <span class=\"_ _2bc\"> </span>2.5 <span class=\"_ _66\"> </span>2.5 <span class=\"_ _66\"> </span>2.5 <span class=\"_ _66\"> </span>2.5 <span class=\"_ _66\"> </span>8.8 <span class=\"_ _a\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls5b ws5c\">0.28 % <span class=\"_ _147\"> </span>0.36 % <span class=\"_ _41\"> </span></span>1,451.0 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsecd\"> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _147\"> </span><span class=\"ls5b ws5c\">0.90 % <span class=\"_ _185\"> </span>0.96 % <span class=\"_ _1cd\"> </span></span>151.2 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsece\"> <span class=\"_ _2af\"> </span><span class=\"ls18\">0.0 <span class=\"_ _8\"> </span>147.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _37\"> </span><span class=\"ws6d6\">0.90 % <span class=\"_ _37\"> </span>0.96 % <span class=\"_ _6\"> </span></span>151.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsecf\"> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _147\"> </span><span class=\"ls5b ws5c\">0.90 % <span class=\"_ _185\"> </span>0.96 % <span class=\"_ _1cd\"> </span></span>151.2 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsed0\"> <span class=\"_ _1ad\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _6\"> </span>399.0 <span class=\"_ _68\"> </span>48.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _1cd\"> </span>481.0 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsed1\"> <span class=\"_ _14e\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _8\"> </span><span class=\"ls18\">399.0 <span class=\"_ _23\"> </span>48.2 <span class=\"_ _127\"> </span></span>  <span class=\"_ _127\"> </span>  <span class=\"_ _2d4\"> </span><span class=\"ls18\">481.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsed2\"> <span class=\"_ _1ad\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _6\"> </span>399.0 <span class=\"_ _68\"> </span>48.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _1cd\"> </span>481.0 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsed3\"> <span class=\"_ _2af\"> </span><span class=\"ls18\">0.0 <span class=\"_ _127\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _45\"> </span>  </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gsed4\"> <span class=\"_ _19f\"> </span><span class=\"ls18\">25.1 <span class=\"_ _8\"> </span>669.<span class=\"_ _92\"></span>0 <span class=\"_ _23\"> </span>20.1 <span class=\"_ _8\"> </span>411.3 <span class=\"_ _1f\"> </span>708.4 <span class=\"_ _127\"> </span></span><span class=\"ls18\"><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _45\"> </span>  </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-576": {
   "value": "Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _1d\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Assets \u2013 balance sheet items <span class=\"_ _a4\"> </span><span class=\"ff2f ls32 ws0\">Measurement </span>categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l <span class=\"_ _1e6\"> </span><span class=\"ls1a\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>15.4 <span class=\"_ _2\"> </span>15.4 </span></span>Interests in unconsolidated subsidiaries <span class=\"_ _b2\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">13.6 <span class=\"_ _2\"> </span>13.6 </span></span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _b8\"> </span>27.4 <span class=\"_ _2\"> </span>27.4 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>121.2 <span class=\"_ _6a\"> </span>121.2 </span></span>Other equity interests <span class=\"_ _297\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _94\"> </span><span class=\"ls1c\">AC <span class=\"_ _1b3\"> </span><span class=\"ls0\">15.1 <span class=\"_ _2\"> </span>15.1 </span></span></span>Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">192.7 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>369.7 <span class=\"_ _6a\"> </span>369.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>36.2 <span class=\"_ _2\"> </span>36.2 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _b8\"> </span>31.5 <span class=\"_ _2\"> </span>31.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _27f\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">437.3 <span class=\"_ _14b\"> </span></span>  </span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>152.4 <span class=\"_ _6a\"> </span>152.4 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _119\"> </span>7.3 <span class=\"_ _ac\"> </span>7.3 </span></span>Securities <span class=\"_ _291\"> </span><span class=\"ls48\">FVOCI <span class=\"_ _a9\"> </span><span class=\"ls1c\">AC <span class=\"_ _119\"> </span><span class=\"ls0\">1.3 <span class=\"_ _de\"> </span>1.3 </span></span></span>Securities \u2013 closed items on th<span class=\"_ _92\"></span>e balance sheet <span class=\"_ _111\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>73.2 <span class=\"_ _16a\"> </span>71.2 </span></span>Other loans \u2013 closed item<span class=\"ls5e ws5f\">s on the balance sheet <span class=\"_ _14a\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>334.1 <span class=\"_ _6a\"> </span>335.9 </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>59.1 <span class=\"_ _2\"> </span>53.4 </span></span>Loans to affiliated companies <span class=\"_ _32\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>2.7 <span class=\"_ _de\"> </span>2.7 </span></span>Other loans <span class=\"_ _298\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.8 <span class=\"_ _de\"> </span>5.0 </span></span>Other <span class=\"_ _26c\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">3 <span class=\"_ _1b3\"> </span>21.2 <span class=\"_ _2\"> </span>21.2 </span></span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">250.2 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.3 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other inve<span class=\"_ _92\"></span>stments and non-current other receivables <span class=\"_ _299\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">945.5 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _119\"> </span>4.7 <span class=\"_ _ac\"> </span>4.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,820.7 <span class=\"_ _5a\"> </span>1,820.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _119\"> </span>8.3 <span class=\"_ _ac\"> </span>8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls29\">1,833.7 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">968.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">57.9 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _208\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>3.5 <span class=\"_ _ac\"> </span>3.0 </span></span>Securities <span class=\"_ _241\"> </span><span class=\"ls2f\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _4f\"> </span>0.2 <span class=\"_ _de\"> </span>0.2 </span></span>Emission rights <span class=\"_ _e0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">49.0 <span class=\"_ _d9\"> </span></span>\u2013 </span>Other <span class=\"_ _292\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">428.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">38.7 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _b4\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,546.1 <span class=\"_ _14b\"> </span></span>  </span>Cash and cash equivalents <span class=\"_ _a0\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _179\"> </span><span class=\"ls18\">409.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _125\"> </span>  <span class=\"_ _14b\"> </span>  </span>Financial assets measured at amo<span class=\"_ _92\"></span>rtised cost <span class=\"_ _146\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,592.4 <span class=\"_ _93\"> </span>  </span></span>Financial assets measured at fair value through  profit or loss <span class=\"_ _6f\"> </span><span class=\"ws0\">FVPL <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,444.8 <span class=\"_ _14b\"> </span>  </span></span>Financial assets measured at fair value through  other comprehensive income <span class=\"_ _13c\"> </span><span class=\"ls48 ws0\">FVOCI <span class=\"_ _1cd\"> </span><span class=\"ls0\">  <span class=\"_ _21\"> </span>201.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _148\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Liabilities \u2013 balance sheet items <span class=\"_ _19c\"> </span><span class=\"ff2f ls247 ws0\">Measurement </span>categories in accordance with IFRS 9 Level <span class=\"_ _17\"> </span><span class=\"ls24b\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Bonds <span class=\"_ _29a\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,151.0 <span class=\"_ _15f\"> </span>956.5 </span></span>Financial liabilities to <span class=\"ls1f ws25a\">banks and to others <span class=\"_ _1a2\"> </span></span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span></span>2 <span class=\"_ _5d\"> </span>2,304.6 <span class=\"_ _5a\"> </span>2,323.5 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _266\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>126.6 <span class=\"_ _6a\"> </span>140.2 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _4e\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _8\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _21\"> </span>312.3 <span class=\"_ _6a\"> </span>312.3 </span></span>Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _199\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">7.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Put liability <span class=\"_ _239\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">52.1 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls38\">3,95<span class=\"_ _43\"></span>3.9 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,069.2 <span class=\"_ _5a\"> </span>1,069.2 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,069.2<span class=\"_ _92\"></span> <span class=\"_ _93\"> </span><span class=\"ls31\">  </span></span></span>Electricity supply commitment <span class=\"_ _101\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">113.4 <span class=\"_ _d9\"> </span></span>\u2013 </span>Obligation to return an interest <span class=\"_ _135\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _21\"> </span>116.7 <span class=\"_ _6a\"> </span>124.5 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">2.8 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _21\"> </span></span>126.0 <span class=\"_ _14b\"> </span>  Deferred income<span class=\"_ _43\"></span> for grants (emiss<span class=\"_ _43\"></span>ion rights) <span class=\"_ _1e4\"> </span><span class=\"ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls0\">0.1 <span class=\"_ _d9\"> </span><span class=\"ls31\">\u2013 </span></span></span>Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">204.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other non-current liabilities  <span class=\"_ _1a7\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls49\">5<span class=\"_ _43\"></span>63.4 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _5\"> </span>216.7 <span class=\"_ _15f\"> </span>216.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,274.9 <span class=\"_ _5a\"> </span>1,274.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,491.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">412.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _1b3\"> </span></span>10.8 <span class=\"_ _93\"> </span>  Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">467.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">144.6 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade payables and other liabilities <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,035.8 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _49\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _1ad\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _49\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>4,838.6 <span class=\"_ _93\"> </span>  </span></span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss <span class=\"_ _29b\"> </span><span class=\"ws0\">FVPL <span class=\"_ _11c\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,560.8 <span class=\"_ _93\"> </span>  </span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _21\"> </span>312.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _1b3\"> </span>13.4 <span class=\"_ _127\"> </span>13.4 Interests in unconsolidated subsidiaries <span class=\"_ _29c\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _4f\"> </span>0.6 <span class=\"_ _de\"> </span>0.6 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>1 <span class=\"_ _1b3\"> </span>29.7 <span class=\"_ _127\"> </span>29.7 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>117.0 <span class=\"_ _15f\"> </span>117.0 Other equity interests <span class=\"_ _297\"> </span>FVOCI <span class=\"_ _94\"> </span>AC <span class=\"_ _1b3\"> </span>16.4 <span class=\"_ _127\"> </span>16.4 Other equity interests <span class=\"_ _ca\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _39\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">177.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>454.9 <span class=\"_ _6a\"> </span>454.9 </span></span>Derivative financial instrum<span class=\"_ _92\"></span>ents in the finance area \u2013  closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _1af\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _1b3\"> </span>70.3 <span class=\"_ _2\"> </span>70.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">525.2 <span class=\"_ _14b\"> </span></span>  </span>Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _29e\"></span>130.4 <span class=\"_ _29f\"></span>130.4 Securities FVOCI <span class=\"_ _2a0\"></span>3 <span class=\"_ _2a1\"></span>6.7 <span class=\"_ _2a2\"></span>6.7 Securities FVOCI <span class=\"_ _2a3\"></span>AC <span class=\"_ _2a1\"></span>1.3 <span class=\"_ _2a2\"></span>1.3 Securities \u2013 closed items on the balance sheet <span class=\"_ _e7\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>67.7 <span class=\"_ _127\"> </span>65.4 Other loans \u2013 closed items on the balance sheet <span class=\"_ _35\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _21\"> </span>309.2 <span class=\"_ _6a\"> </span>328.9 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>24.6 <span class=\"_ _127\"> </span>23.8 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>5.6 <span class=\"_ _de\"> </span>6.0 Other FVPL <span class=\"_ _2a4\"></span>3 <span class=\"_ _2a5\"></span>43.5 <span class=\"_ _2a6\"></span>43.5 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>274.5 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>36.5 <span class=\"_ _2ac\"></span>\u2013 Other inve<span class=\"_ _92\"></span>stments and non-current other receivables   <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">900.1 <span class=\"_ _93\"> </span></span>  Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _1b3\"> </span>31.3 <span class=\"_ _2\"> </span>31.3 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,941.3 <span class=\"_ _5a\"> </span>1,771.5 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ativ<span class=\"ls60 ws813\">e financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _39\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,972.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _25b\"> </span>AC <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>818.4 <span class=\"_ _d9\"> </span>\u2013 Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _116\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>57.6 <span class=\"_ _d9\"> </span>\u2013 Loans to investees <span class=\"_ _124\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _b8\"> </span>49.1 <span class=\"_ _127\"> </span>49.6 Other loans <span class=\"_ _298\"> </span>AC <span class=\"_ _1f\"> </span>2 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _de\"> </span>0.0 Securities FVPL <span class=\"_ _29d\"></span>1 <span class=\"_ _2ad\"></span>4.3 <span class=\"_ _2ae\"></span>4.3 Emission rights <span class=\"_ _e0\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>31.2 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>334.7 <span class=\"_ _2a9\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2ab\"></span>38.1 <span class=\"_ _2ac\"></span>\u2013 T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _2af\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>1,333.4 <span class=\"_ _93\"> </span>  </span>Cash and cash equivalents <span class=\"_ _c6\"> </span><span class=\"lscc ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">\u2013 <span class=\"_ _15e\"> </span><span class=\"ls18\">318.6 <span class=\"_ _d9\"> </span></span>\u2013<span class=\"_ _333\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _d4\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Assets \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial assets at amor<span class=\"ls59 ws5a\">tised cost <span class=\"_ _bf\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,260.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair value thro<span class=\"ls0 ws0\">u<span class=\"_ _92\"></span>gh profit or loss <span class=\"_ _d5\"> </span>FVPL <span class=\"_ _1cd\"> </span>  <span class=\"_ _1e5\"> </span>2,676.0 <span class=\"_ _93\"> </span>  </span>Financial assets at fair valu<span class=\"_ _92\"></span>e through other comprehensive income <span class=\"_ _118\"> </span>FVOCI <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>185.2 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _16b\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Liabilities \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Bonds AC <span class=\"_ _2b0\"></span>2 <span class=\"_ _2b1\"></span>990.6 <span class=\"_ _2b2\"></span>1,019.8 Financial liabilities to banks<span class=\"ls46 ws2fb\"> and to others <span class=\"_ _1a2\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _22d\"> </span>1,858.8 <span class=\"_ _5a\"> </span>1,740.2 </span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance sheet <span class=\"_ _31\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>117.1 <span class=\"_ _6a\"> </span>150.9 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance<span class=\"ls19 ws184\"> sheet <span class=\"_ _288\"> </span>FVPL \u2013 D <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>330.1 <span class=\"_ _15f\"> </span>330.1 </span>Capital shares attributable <span class=\"ls0 ws0\">to limited partners <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _d9\"> </span>\u2013 </span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _21d\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>734.8 <span class=\"_ _6a\"> </span>734.8 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">734.8 <span class=\"_ _14b\"> </span></span>  </span>Electricity supply commitment <span class=\"_ _2a\"> </span>\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>126.5 <span class=\"_ _d9\"> </span>\u2013 Obligation to return an interest <span class=\"_ _135\"> </span>AC <span class=\"_ _8\"> </span>3 <span class=\"_ _5\"> </span>140.4 <span class=\"_ _6a\"> </span>243.3 T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>2.1 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>86.0 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>107.2 <span class=\"_ _2b3\"></span>\u2013 Non-current other liabilities <span class=\"_ _287\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">462.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>117.4 <span class=\"_ _6a\"> </span>117.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>3,190.1 <span class=\"_ _5a\"> </span>3,755.1 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.9 <span class=\"_ _de\"> </span>5.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current)   <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>3,313.3 <span class=\"_ _93\"> </span>  T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _5\"> </span>293.6 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>8.3 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>324.8 <span class=\"_ _2b3\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2b4\"></span>109.8 <span class=\"_ _29d\"></span>\u2013 T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _1a6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">736.4 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilities at amor<span class=\"_ _92\"></span>tised cost <span class=\"_ _2b5\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _5d\"> </span>3,834.5 <span class=\"_ _93\"> </span>  Financial liabilities at f<span class=\"_ _92\"></span>air value thro<span class=\"ls5d ws5e\">ugh profit or loss <span class=\"_ _e3\"> </span>FVPL <span class=\"_ _49\"> </span>  <span class=\"_ _5d\"> </span>4,048.1 <span class=\"_ _93\"> </span>  </span>Financial liabilities at <span class=\"ls60 ws259\">fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span>FVPL \u2013 D <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>330.1 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>V<span class=\"_ _14\"></span>aluation techniques and<span class=\"_ _92\"></span> input factors f<span class=\"_ _92\"></span>or determining f<span class=\"_ _92\"></span>air values <span class=\"_ _24a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Lev<span class=\"_ _92\"></span>el <span class=\"_ _177\"> </span><span class=\"ff2f ls32 ws5a8\">Financial Instruments <span class=\"_ _2b9\"> </span><span class=\"ls46 ws2b\">V<span class=\"_ _92\"></span>aluation technique <span class=\"_ _21a\"> </span><span class=\"ls2d ws90d\">Input factor </span></span></span>1 <span class=\"_ _1e5\"> </span><span class=\"ls21 ws22\">Energy forwards <span class=\"_ _2ba\"> </span><span class=\"ls1f ws20\">Market approach <span class=\"_ _1e8\"> </span><span class=\"ls24 ws24\">Settlement price <span class=\"_ _92\"></span>published by the  </span></span></span>stock exchange 1 <span class=\"_ _1e5\"> </span><span class=\"ls59 ws5a\">Securities, other eq<span class=\"ls36 ws35\">uity interest in </span></span>Burgenland Holding AG<span class=\"_ _92\"></span> Market approach <span class=\"_ _1e8\"> </span><span class=\"ls1a ws1c\">Stock exchange price </span>2 <span class=\"_ _1e5\"> </span><span class=\"ls32 ws2e\">Securities and other loans under  </span>closed items on the bal<span class=\"_ _92\"></span>ance sheet,  long-term loans, li<span class=\"ls1d ws1e\">abilities to banks, </span>bonds and other financial liabilities Net present value approach Payments associated with the financial instruments, yield curve, credit risk of the contracting parties <span class=\"_ _92\"></span>(credit default swaps or credit spread curves) 2 <span class=\"_ _1e5\"> </span><span class=\"ls62 ws64\">Interests in unconsolidated subsidiaries, </span>other equity interest in En<span class=\"_ _92\"></span>ergie AG Ober\u00f6sterreich and RTE Market approach <span class=\"_ _1e8\"> </span><span class=\"ls2a ws28\">Trading multiple, transac<span class=\"_ _92\"></span>tion price </span>2 <span class=\"_ _1e5\"> </span><span class=\"ls32 ws2f\">Non-listed energy forwards <span class=\"_ _154\"> </span><span class=\"ls1cf ws95b\">Net present value </span></span>approach Forward price curve de<span class=\"_ _92\"></span>rived from  stock exchange, yi<span class=\"_ _92\"></span>eld curve, credit risk of the contracting parti<span class=\"_ _92\"></span>es 2 <span class=\"_ _1e5\"> </span><span class=\"ls1c ws31d\">Other assets and liabilities measured at </span>fair value in the finance a<span class=\"_ _92\"></span>rea Net present value approach Cash flows already fixed or<span class=\"_ _92\"></span> determined via forward rates, y<span class=\"_ _92\"></span>ield <span class=\"ls5d ws5e\">curve, credit risk </span>of the contracting parti<span class=\"_ _92\"></span>es 3 <span class=\"_ _1e5\"> </span><span class=\"ls46 ws45\">Return obligation (ob<span class=\"ls34 ws32\">ligation to transfer </span></span>back the 50 % interest acquire<span class=\"_ _92\"></span>d in Donaukraftwerk Jochenstein AG) Net present value approach Price forecasts for electricity,  weighted ave<span class=\"_ _43\"></span>rage cost of cap<span class=\"_ _43\"></span>ital  after taxes 3 <span class=\"_ _1e5\"> </span><span class=\"ls1c ws1d\">Securities (shares of Wiener B\u00f6rse AG)<span class=\"_ _92\"></span> <span class=\"_ _1e9\"> </span><span class=\"ls1cf ws95b\">Net present value </span></span>approach Expected distribution o<span class=\"_ _92\"></span>f profits,  cost of equity 3 <span class=\"_ _1e5\"> </span><span class=\"ls60 ws61\">Other non-current receivables  </span>(profit participation ri<span class=\"ls27 ws27\">ght with respect to </span>material assets of TAG) Net present value approach Expected distribution o<span class=\"_ _92\"></span>f profits,  cost of equity AC <span class=\"_ _1e9\"> </span><span class=\"ls34 ws32\">Other shares of unconsolidated </span>subsidiaries, other equity<span class=\"_ _92\"></span> interests and securities \u2013 <span class=\"_ _79\"> </span><span class=\"ls1e ws1f\">Cost as the bes<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> estimate of fair val<span class=\"_ _92\"></span>ue </span>\u2013 Cash and cash equivalents, <span class=\"_ _92\"></span> trade receivables and p<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>yables,  current other receivables, other borrowing within current credi<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> lines  as well as current other liabilities \u2013 <span class=\"_ _79\"> </span><span class=\"ls74 ws68\">Carrying amount <span class=\"_ _92\"></span>as the best estimate of </span>fair value",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "Carrying amounts and f<span class=\"_ _92\"></span>air values by<span class=\"_ _92\"></span><span class=\"lsd1 ws2e8\"> measurement categories 31/12/2022 <span class=\"_ _148\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Liabilities \u2013 balance sheet items <span class=\"_ _19c\"> </span><span class=\"ff2f ls247 ws0\">Measurement </span>categories in accordance with IFRS 9 Level <span class=\"_ _17\"> </span><span class=\"ls24b\">Carrying </span>amount  as at 31/12 Fair value  as at 31/12 Bonds <span class=\"_ _29a\"> </span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _22d\"> </span>1,151.0 <span class=\"_ _15f\"> </span>956.5 </span></span>Financial liabilities to <span class=\"ls1f ws25a\">banks and to others <span class=\"_ _1a2\"> </span></span><span class=\"ls1c\">AC <span class=\"_ _8\"> </span></span>2 <span class=\"_ _5d\"> </span>2,304.6 <span class=\"_ _5a\"> </span>2,323.5 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _266\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5\"> </span>126.6 <span class=\"_ _6a\"> </span>140.2 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _4e\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _8\"> </span><span class=\"ls0 ws0\">2 <span class=\"_ _21\"> </span>312.3 <span class=\"_ _6a\"> </span>312.3 </span></span>Capital shares attributa<span class=\"_ _92\"></span>b<span class=\"ls33 ws30\">le to limited partners <span class=\"_ _199\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">7.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Put liability <span class=\"_ _239\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _1b3\"> </span><span class=\"ls0\">52.1 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls38\">3,95<span class=\"_ _43\"></span>3.9 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,069.2 <span class=\"_ _5a\"> </span>1,069.2 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,069.2<span class=\"_ _92\"></span> <span class=\"_ _93\"> </span><span class=\"ls31\">  </span></span></span>Electricity supply commitment <span class=\"_ _101\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">113.4 <span class=\"_ _d9\"> </span></span>\u2013 </span>Obligation to return an interest <span class=\"_ _135\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _8\"> </span><span class=\"ls0\">3 <span class=\"_ _21\"> </span>116.7 <span class=\"_ _6a\"> </span>124.5 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span><span class=\"ls0\">2.8 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _21\"> </span></span>126.0 <span class=\"_ _14b\"> </span>  Deferred income<span class=\"_ _43\"></span> for grants (emiss<span class=\"_ _43\"></span>ion rights) <span class=\"_ _1e4\"> </span><span class=\"ws0\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _4f\"> </span><span class=\"ls0\">0.1 <span class=\"_ _d9\"> </span><span class=\"ls31\">\u2013 </span></span></span>Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">204.3 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other non-current liabilities  <span class=\"_ _1a7\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _11c\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls49\">5<span class=\"_ _43\"></span>63.4 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">1 <span class=\"_ _5\"> </span>216.7 <span class=\"_ _15f\"> </span>216.7 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _8\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>1,274.9 <span class=\"_ _5a\"> </span>1,274.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current) <span class=\"_ _29a\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,491.6 <span class=\"_ _14b\"> </span></span>  </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _29b\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">412.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Lease liabilities <span class=\"_ _291\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _1b3\"> </span></span>10.8 <span class=\"_ _93\"> </span>  Other <span class=\"_ _ed\"> </span><span class=\"ls1c\">AC <span class=\"_ _7\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _21\"> </span><span class=\"ls0\">467.7 <span class=\"_ _d9\"> </span></span>\u2013 </span></span>Other <span class=\"_ _212\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span><span class=\"ls0\">144.6 <span class=\"_ _d9\"> </span></span>\u2013 </span>T<span class=\"_ _14\"></span>rade payables and other liabilities <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span><span class=\"ls18\">1,035.8 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement categories <span class=\"_ _5c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _49\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilitie<span class=\"ls46 ws2fb\">s measured at amortised cost <span class=\"_ _1ad\"> </span><span class=\"ls1c ws0\">AC <span class=\"_ _49\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>4,838.6 <span class=\"_ _93\"> </span>  </span></span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss <span class=\"_ _29b\"> </span><span class=\"ws0\">FVPL <span class=\"_ _11c\"> </span><span class=\"ls0\">  <span class=\"_ _5d\"> </span>2,560.8 <span class=\"_ _93\"> </span>  </span></span>Financial liabilities measured<span class=\"ls27 ws2fd\"> at fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span><span class=\"ls45 ws44\">FVPL \u2013 D <span class=\"_ _49\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _21\"> </span>312.3 <span class=\"_ _14b\"> </span></span></span>Carrying amounts and f<span class=\"_ _92\"></span>air values by measur<span class=\"_ _92\"></span>ement category 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _16b\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Liabilities \u2013 balance sheet items Measurement categories in accordance with IFRS 9 Leve<span class=\"_ _92\"></span>l Carrying amount Fair value  Bonds AC <span class=\"_ _2b0\"></span>2 <span class=\"_ _2b1\"></span>990.6 <span class=\"_ _2b2\"></span>1,019.8 Financial liabilities to banks<span class=\"ls46 ws2fb\"> and to others <span class=\"_ _1a2\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _22d\"> </span>1,858.8 <span class=\"_ _5a\"> </span>1,740.2 </span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance sheet <span class=\"_ _31\"> </span>AC <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>117.1 <span class=\"_ _6a\"> </span>150.9 Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the balance<span class=\"ls19 ws184\"> sheet <span class=\"_ _288\"> </span>FVPL \u2013 D <span class=\"_ _8\"> </span>2 <span class=\"_ _5\"> </span>330.1 <span class=\"_ _15f\"> </span>330.1 </span>Capital shares attributable <span class=\"ls0 ws0\">to limited partners <span class=\"_ _57\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _d9\"> </span>\u2013 </span>Non-current and current financial liabilities <span class=\"_ _192\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _21d\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _14b\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _21\"> </span>734.8 <span class=\"_ _6a\"> </span>734.8 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(non-current) <span class=\"_ _248\"> </span><span class=\"ls31\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _15e\"> </span><span class=\"ls18\">734.8 <span class=\"_ _14b\"> </span></span>  </span>Electricity supply commitment <span class=\"_ _2a\"> </span>\u2013 <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _5\"> </span>126.5 <span class=\"_ _d9\"> </span>\u2013 Obligation to return an interest <span class=\"_ _135\"> </span>AC <span class=\"_ _8\"> </span>3 <span class=\"_ _5\"> </span>140.4 <span class=\"_ _6a\"> </span>243.3 T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>2.1 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _1b3\"> </span>86.0 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>107.2 <span class=\"_ _2b3\"></span>\u2013 Non-current other liabilities <span class=\"_ _287\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">462.1 <span class=\"_ _93\"> </span></span>  </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">1 <span class=\"_ _21\"> </span>117.4 <span class=\"_ _6a\"> </span>117.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _18e\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _5d\"> </span>3,190.1 <span class=\"_ _5a\"> </span>3,755.1 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _65\"> </span><span class=\"ls2f ws0\">FVPL <span class=\"_ _1f\"> </span><span class=\"ls0\">2 <span class=\"_ _4f\"> </span>5.9 <span class=\"_ _de\"> </span>5.9 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span>e <span class=\"ls60 ws813\">financial instruments  </span>(current)   <span class=\"_ _1cd\"> </span>  <span class=\"_ _17c\"> </span>3,313.3 <span class=\"_ _93\"> </span>  T<span class=\"_ _14\"></span>rade payables <span class=\"_ _c5\"> </span>AC <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _5\"> </span>293.6 <span class=\"_ _d9\"> </span>\u2013 Lease liabilities <span class=\"_ _291\"> </span>\u2013 <span class=\"_ _8\"> </span>\u2013 <span class=\"_ _4f\"> </span>8.3 <span class=\"_ _d9\"> </span>\u2013 Other AC <span class=\"_ _2a7\"></span>\u2013 <span class=\"_ _2a8\"></span>324.8 <span class=\"_ _2b3\"></span>\u2013 Other \u2013 <span class=\"_ _2aa\"></span>\u2013 <span class=\"_ _2b4\"></span>109.8 <span class=\"_ _29d\"></span>\u2013 T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _1a6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _179\"> </span><span class=\"ls18\">736.4 <span class=\"_ _14b\"> </span></span>  </span>Aggregated by measurement category <span class=\"_ _34\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1cd\"> </span>  <span class=\"_ _157\"> </span>  <span class=\"_ _93\"> </span>  </span>Financial liabilities at amor<span class=\"_ _92\"></span>tised cost <span class=\"_ _2b5\"> </span>AC <span class=\"_ _1cd\"> </span>  <span class=\"_ _5d\"> </span>3,834.5 <span class=\"_ _93\"> </span>  Financial liabilities at f<span class=\"_ _92\"></span>air value thro<span class=\"ls5d ws5e\">ugh profit or loss <span class=\"_ _e3\"> </span>FVPL <span class=\"_ _49\"> </span>  <span class=\"_ _5d\"> </span>4,048.1 <span class=\"_ _93\"> </span>  </span>Financial liabilities at <span class=\"ls60 ws259\">fair value through  </span>profit or loss \u2013 designated <span class=\"_ _1aa\"> </span>FVPL \u2013 D <span class=\"_ _1cd\"> </span>  <span class=\"_ _21\"> </span>330.1 <span class=\"_ _93\"> </span>  1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesHeldForTradingExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-43": {
   "value": "5.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Accounting treatment of <span class=\"ls124 ws2ca\">hedging relationships</span></span><span class=\"lsef ws877\"><span class=\"ls124 ws2ca\"> </span></span>VERBUND applies speci<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l accountin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> policies fo<span class=\"_ _92\"></span>r hedging relatio<span class=\"_ _92\"></span>nships in the energy are<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span> as well as in<span class=\"_ _92\"></span> the finance area. 5.2.1 Hedging transactions in the energy area VERBUND emplo<span class=\"_ _92\"></span>ys electricity for<span class=\"_ _43\"></span>ward con<span class=\"_ _92\"></span>tracts and electricity futur<span class=\"_ _92\"></span>es contracts as well as <span class=\"_ _92\"></span>options as derivatives within th<span class=\"ls63 ws42e\">e meaning of IFRS <span class=\"_ _14\"></span>9 as part of cash fl<span class=\"ls82 ws801\">ow hedges in the energy ar<span class=\"_ _92\"></span>ea. Since the 2020 </span></span>financial year<span class=\"_ _80\"></span>, options have been used as part <span class=\"_ _92\"></span>of a collar strategy in which a certain<span class=\"_ _92\"></span> price band is to be hedged for futur<span class=\"_ _92\"></span>e electricity purchases<span class=\"_ _92\"></span>. The goal of<span class=\"lsa2 ws10c\"> hedging rel<span class=\"_ _92\"></span>ationships is to reduce the cash fl<span class=\"_ _92\"></span>ow </span>volatility r<span class=\"_ _92\"></span>esulting from<span class=\"_ _92\"></span> market price fluctuation<span class=\"_ _92\"></span>s by hedging the prices for the fo<span class=\"_ _0\"></span>llowing tran<span class=\"_ _92\"></span>sactions<span class=\"_ _43\"></span>: (1)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"ws366\">sale of own gener<span class=\"_ _92\"></span>ation and marketin<span class=\"_ _92\"></span>g of electricity from r<span class=\"_ _92\"></span>enewable energy plan<span class=\"_ _92\"></span>ts not owned by </span>VERBUND; (2)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for electricity deliveries to customers; and </span>(3)<span class=\"ff36 ls0\"> <span class=\"_ _174\"> </span></span><span class=\"lsa2 ws145\">reinsuran<span class=\"_ _92\"></span>ce for gas deliveries to customer<span class=\"_ _92\"></span>s. </span>The timing and amo<span class=\"_ _92\"></span>unt of the hedging of futur<span class=\"_ _92\"></span>e electricity deliveries depends in each c<span class=\"_ _92\"></span>ase on the curren<span class=\"_ _92\"></span>t price trend. As a gener<span class=\"_ _92\"></span>al rule, the hed<span class=\"_ _92\"></span>ges are enter<span class=\"_ _92\"></span>ed into successively. A <span class=\"_ _92\"></span>portion of the entir<span class=\"_ _92\"></span>e volume anticipa<span class=\"_ _92\"></span>ted is hedged correspondin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> to the risk man<span class=\"_ _92\"></span>agement stra<span class=\"_ _92\"></span>tegy. As a rule, once th<span class=\"_ _92\"></span>e relevan<span class=\"_ _92\"></span>t contractual terms of the <span class=\"_ _92\"></span>electricity futures<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> forwards and option<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> enter<span class=\"_ _92\"></span>ed into coincide with those of the underl<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span>ing trans<span class=\"_ _92\"></span>actions, a qualitative meas<span class=\"_ _92\"></span>urement of effectivenes<span class=\"_ _92\"></span>s is carried out. As a general rule<span class=\"_ _92\"></span>, it can be assumed that <span class=\"_ _92\"></span>the changes in the value o<span class=\"_ _92\"></span>f the hedging instruments en<span class=\"_ _92\"></span>tirely offset the changes in<span class=\"_ _92\"></span> the future cash flo<span class=\"_ _92\"></span>ws.  The exception<span class=\"_ _92\"></span> to this rule is hedges of electrici<span class=\"_ _92\"></span><span class=\"ls33 ws349\">ty deliveries on a mark<span class=\"_ _92\"></span>et differing from the place of<span class=\"_ _92\"></span> </span>delivery. Such hedges ha<span class=\"_ _92\"></span>ve been used since 1 <span class=\"_ _87\"></span>Oc<span class=\"ls7d wsad1\">tober 2018 as a consequence of the restriction on </span>unlimited tradin<span class=\"_ _92\"></span>g on the German-Austrian electricity <span class=\"ls74 ws7a5\">m<span class=\"_ _92\"></span>arket. Due t<span class=\"_ _92\"></span>o the higher liquidity, the m<span class=\"_ _92\"></span>ajority </span>of Aus<span class=\"_ _92\"></span>trian electricity deliveries are hedged with Germ<span class=\"_ _92\"></span>an futures mark<span class=\"_ _92\"></span>et products<span class=\"_ _92\"></span>. The Austrian price is made up of the German<span class=\"_ _92\"></span> pr<span class=\"_ _43\"></span>ice plus a German/Austrian<span class=\"_ _92\"></span> spread. German forward pr<span class=\"_ _92\"></span>oducts are therefo<span class=\"_ _92\"></span>re used to hedge A<span class=\"_ _92\"></span>ustrian electrici<span class=\"ls81 ws4f2\">ty deliveries, <span class=\"_ _92\"></span>whereby the co<span class=\"_ _92\"></span>nditions between the hedging ins<span class=\"_ _92\"></span>truments </span>and the planned cash fl<span class=\"_ _92\"></span>ows essentially ma<span class=\"_ _92\"></span>tch also in these cases<span class=\"_ _92\"></span>.  Insignifican<span class=\"_ _92\"></span>t ineffective portions of the hed<span class=\"_ _92\"></span>ges can result fr<span class=\"_ _92\"></span>om the German/Austrian<span class=\"_ _92\"></span> location spr<span class=\"_ _92\"></span>ead, from ch<span class=\"_ _92\"></span>anges in the counterparty\u2019<span class=\"_ _14\"></span>s or VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s credit risk or a r<span class=\"_ _92\"></span>educed volume of the expected electricity delivery.  Accounting tr<span class=\"_ _92\"></span>eatment of hedging<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>transactions i<span class=\"_ _92\"></span>n the energy area In the case of <span class=\"_ _92\"></span>derivative financial instrumen<span class=\"_ _92\"></span>ts that are desig<span class=\"_ _92\"></span>nated as cash flow hedges in<span class=\"_ _92\"></span> accordance with IFRS <span class=\"_ _14\"></span>9, the portion of<span class=\"_ _92\"></span> the unrealised gains or<span class=\"_ _92\"></span> losses that is determin<span class=\"_ _92\"></span>ed to be an effective hedge is recognised in o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her compr<span class=\"_ _92\"></span>ehensive income. In<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>contras<span class=\"_ _92\"></span>t, ineffective portions of the hedge ar<span class=\"_ _92\"></span>e recognised in profit o<span class=\"_ _92\"></span>r loss. When using op<span class=\"_ _92\"></span>tions, only the in<span class=\"_ _92\"></span>trinsi<span class=\"ls108 ws329\">c value of the op<span class=\"_ _92\"></span>tions will <span class=\"lsa3 ws152\">be designat<span class=\"_ _92\"></span>ed within the<span class=\"_ _43\"></span> </span></span>framewor<span class=\"_ _92\"></span>k of the hedging rela<span class=\"_ _92\"></span>tionship and the change in fair value wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be recognised separ<span class=\"_ _92\"></span>ately as costs of hedging in othe<span class=\"ls99 ws369\">r compre<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ensive income.<span class=\"_ _333\"> </span></span>Unr<span class=\"_ _92\"></span>ealised gains or losses ar<span class=\"_ _92\"></span>e only reclas<span class=\"_ _92\"></span>sified <span class=\"_ _43\"></span>(\u201c<span class=\"ls7c ws361\">r<span class=\"_ _92\"></span>ec<span class=\"_ _43\"></span>ycled\u201d) to t<span class=\"_ _92\"></span>he income statemen<span class=\"_ _92\"></span>t when the hedged </span>item affects profit or loss<span class=\"_ _92\"></span>.  Electricity, gas and CO<span class=\"_ _333\"> </span>2 derivatives<span class=\"_ _92\"></span> not designated as hed<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span>ing instruments <span class=\"_ _92\"></span>are allocated to<span class=\"_ _92\"></span> the wholesale portf<span class=\"_ _92\"></span>olio<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> F<span class=\"_ _92\"></span>air value changes<span class=\"_ _92\"></span> in (freestanding) el<span class=\"_ _92\"></span>ectricity and gas deriva<span class=\"_ _92\"></span>tives in the wholesale portfolio tha<span class=\"_ _92\"></span>t were not designa<span class=\"_ _92\"></span>ted as hedging instruments ar<span class=\"_ _92\"></span>e recognised in profit or<span class=\"_ _92\"></span> loss net of previously r<span class=\"_ _92\"></span>ealised futures and follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing the netting of <span class=\"_ _92\"></span>positive and negative fair values<span class=\"_ _92\"></span>. 5.2.2 Hedging trans<span class=\"_ _92\"></span>actions<span class=\"ls250 wsa81\"> in the finance area </span>Apart fr<span class=\"_ _92\"></span>om derivative transac<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ions in connection with closed items on<span class=\"_ _92\"></span> t<span class=\"_ _43\"></span>he balance sheet, futur<span class=\"_ _92\"></span>e payments un<span class=\"_ _92\"></span>der financial liabilities bearing in<span class=\"_ _92\"></span>terest at a varia<span class=\"_ _92\"></span>ble rate are hedged b<span class=\"_ _92\"></span>y means of inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> s<span class=\"_ _80\"></span>w<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>p<span class=\"_ _87\"></span>s<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> o<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>d<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span>u<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> c<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> f<span class=\"_ _80\"></span>l<span class=\"_ _80\"></span>o<span class=\"_ _87\"></span>w<span class=\"_ _80\"></span> r<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>o<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>d<span class=\"_ _80\"></span> w<span class=\"_ _80\"></span>i<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>h<span class=\"_ _80\"></span> a<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span>c<span class=\"_ _80\"></span>r<span class=\"_ _87\"></span>e<span class=\"_ _80\"></span>a<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _80\"></span> m<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>k<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _87\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>r<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span> r<span class=\"_ _87\"></span>a<span class=\"_ _80\"></span>t<span class=\"_ _80\"></span>e<span class=\"_ _80\"></span>s<span class=\"_ _87\"></span>.<span class=\"_ _80\"></span> <span class=\"_ _80\"></span> The hedging instr<span class=\"_ _43\"></span>uments\u2019 contract terms are almost <span class=\"ls76 ws1f6\">identical to those o<span class=\"_ _92\"></span>f th<span class=\"ls6f ws74\">e hedged items (critic<span class=\"_ _92\"></span>al </span></span>terms matc<span class=\"_ _92\"></span>h). The qualitative basis of <span class=\"_ _92\"></span>this economic relatio<span class=\"_ _92\"></span>nship is regularly r<span class=\"_ _92\"></span>eviewed by VERBUND<span class=\"_ _92\"></span>. <span class=\"_ _80\"></span> As a general rul<span class=\"_ _92\"></span>e, it can be assum<span class=\"_ _92\"></span>ed that the changes in <span class=\"_ _92\"></span>the value of the he<span class=\"_ _92\"></span>dging instruments entir<span class=\"_ _92\"></span>ely offset the chang<span class=\"_ _92\"></span>es in the future cash flo<span class=\"_ _92\"></span>ws. The entir<span class=\"_ _92\"></span>e risk of an increase in the m<span class=\"_ _92\"></span>arket inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st ra<span class=\"_ _92\"></span>te with respect to v<span class=\"_ _92\"></span>ariable-interest-be<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ring financial liabilities is n<span class=\"_ _92\"></span>ot always hedged, i.e<span class=\"_ _92\"></span>. the hedge ratio doe<span class=\"_ _0\"></span>s not always amount to 100 <span class=\"_ _87\"></span>%. In<span class=\"_ _0\"></span>effe<span class=\"ls0 ws11c\">ctive portions of the hedges can only r<span class=\"_ _92\"></span>esult from changes in the </span>counterparty\u2019<span class=\"_ _14\"></span>s or VERBUND\u2019<span class=\"_ _14\"></span>s cr<span class=\"_ _92\"></span>edit <span class=\"_ _43\"></span>risk. Pa<span class=\"_ _92\"></span>yments are m<span class=\"_ _92\"></span>ade on interest r<span class=\"_ _92\"></span>ate swaps every six months<span class=\"_ _92\"></span>. The underlying variabl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> market in<span class=\"_ _92\"></span>terest rate is the six-month EURIBOR. The future interest payments hedged by the interest rate swaps occur in the following 13 years (2023 to 2035) and will be <span class=\"ls7d ws21e\">recognised in profit <span class=\"ls0\">or loss accor<span class=\"_ _92\"></span>dingly. </span></span>Accounting t<span class=\"_ _92\"></span>reatment of he<span class=\"_ _92\"></span>dging transactions i<span class=\"_ _92\"></span>n the finance ar<span class=\"_ _92\"></span>ea  Some of the inter<span class=\"_ _92\"></span>est rate s<span class=\"_ _92\"></span>waps are designa<span class=\"_ _92\"></span>ted as cash flow hedges in acco<span class=\"_ _92\"></span>rdance with IFRS <span class=\"_ _80\"></span>9. Those inter<span class=\"_ _92\"></span>est rate swaps tha<span class=\"_ _92\"></span>t hedge intra-Gr<span class=\"_ _92\"></span>oup financing at the subsidiary level are <span class=\"_ _92\"></span>accounted for as derivatives meas<span class=\"_ _92\"></span>ured at fair value thro<span class=\"_ _92\"></span>ugh prof<span class=\"ls80 ws54e\">it or loss in VERBUND\u2019<span class=\"_ _14\"></span>s consolidated financial </span>statemen<span class=\"_ _92\"></span>ts. With r<span class=\"_ _92\"></span>espect to individual closed items o<span class=\"_ _92\"></span>n the balance sheet (see sectio<span class=\"_ _92\"></span>n <span class=\"_ _87\"></span>8.1 F<span class=\"_ _92\"></span>inancial liabilities and section<span class=\"_ _92\"></span> <span class=\"_ _14\"></span>11 Risk management), <span class=\"_ _92\"></span>the investme<span class=\"ls97 ws9af\">nts result in variable income that is offset by </span>fixed expenses<span class=\"_ _92\"></span>. In order to<span class=\"_ _92\"></span> avoid risk, inter<span class=\"_ _92\"></span>est rate swaps h<span class=\"_ _92\"></span>ave been ent<span class=\"_ _92\"></span>ered into for the corr<span class=\"_ _92\"></span>esponding financial li<span class=\"_ _92\"></span>abilities. These<span class=\"_ _92\"></span> interest ra<span class=\"_ _92\"></span>te swaps exhibit a risk pr<span class=\"_ _92\"></span>ofile that <span class=\"_ _92\"></span>perfectly opposes the corres<span class=\"_ _92\"></span>ponding profile of the as<span class=\"_ _92\"></span>sociated balance sheet items<span class=\"_ _92\"></span>. Therefor<span class=\"_ _92\"></span>e, the carrying amoun<span class=\"_ _92\"></span>t of the associated financial liabilities is adjusted accordin<span class=\"_ _92\"></span><span class=\"ls74 ws347\">g to the hedged risk to balance o<span class=\"_ _92\"></span>ut the fair value </span>measur<span class=\"_ _92\"></span>ement of the inter<span class=\"_ _92\"></span>est rate swa<span class=\"_ _92\"></span>ps. The fair value of in<span class=\"_ _92\"></span>terest rate s<span class=\"_ _92\"></span>waps corresponds to<span class=\"_ _92\"></span> the amount that VERBUN<span class=\"_ _92\"></span>D would receive or ha<span class=\"_ _92\"></span>ve to pay if the <span class=\"_ _92\"></span>transaction wer<span class=\"_ _92\"></span>e terminated on the r<span class=\"_ _92\"></span>eporting date<span class=\"_ _92\"></span>. When calculatin<span class=\"_ _92\"></span>g that amoun<span class=\"_ _92\"></span>t, current inter<span class=\"_ _92\"></span>est rates, yield curves and coun<span class=\"_ _92\"></span>terparty<span class=\"_ _43\"></span> credit risk in particular ar<span class=\"_ _92\"></span>e taken into account (see<span class=\"_ _92\"></span> section 5 Financia<span class=\"ls38 ws1a0\">l instrument<span class=\"_ _43\"></span>s).</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "When using op<span class=\"_ _92\"></span>tions, only the in<span class=\"_ _92\"></span>trinsi<span class=\"ls108 ws329\">c value of the op<span class=\"_ _92\"></span>tions will <span class=\"lsa3 ws152\">be designat<span class=\"_ _92\"></span>ed within the<span class=\"_ _43\"></span> </span></span>framewor<span class=\"_ _92\"></span>k of the hedging rela<span class=\"_ _92\"></span>tionship and the change in fair value wil<span class=\"_ _92\"></span>l <span class=\"_ _43\"></span>be recognised separ<span class=\"_ _92\"></span>ately as costs of hedging in othe<span class=\"ls99 ws369\">r compre<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>ensive income.<span class=\"_ _333\"> </span></span><span class=\"ls99 ws369\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForWarrantsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "V<span class=\"_ _14\"></span>aluation allowanc<span class=\"_ _92\"></span>es are recognised a<span class=\"_ _92\"></span>t ever<span class=\"_ _43\"></span>y reporting date<span class=\"_ _92\"></span> for expected credit losses for fin<span class=\"_ _92\"></span>ancial assets that wer<span class=\"_ _92\"></span>e classified as measured a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> amorti<span class=\"lsa5 wsb84\">sed cost (<span class=\"_ _43\"></span>AC) and/or debt<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span> that were </span>classified as measur<span class=\"_ _92\"></span>ed at fair value throu<span class=\"_ _92\"></span>gh othe<span class=\"ls99 ws7f7\">r comprehensive income (F<span class=\"_ _43\"></span><span class=\"ls87 wsa14\">VO<span class=\"_ _43\"></span>CI), receivables under </span></span>leases, con<span class=\"_ _92\"></span>tract assets and financial guaran<span class=\"_ _92\"></span>tee contracts.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-44": {
   "value": "6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span>W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span>instruments<span class=\"_ _43\"></span>; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span>6.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1d3 ws9f5\">T<span class=\"_ _80\"></span>rade receivables, other rec<span class=\"lsbd wsb8e\">eivables and securities</span></span><span class=\"ls1d3 ws9f5\"><span class=\"lsbd wsb8e\"> </span></span>Trade receiv<span class=\"_ _92\"></span>ables and receivables from investees ar<span class=\"_ _92\"></span>e cl<span class=\"ls95 wsa66\">assified as measured a<span class=\"_ _92\"></span>t amortised cost (AC) and </span>thus account<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d for at cost less a<span class=\"_ _92\"></span>ny impairment losses (see section 5 F<span class=\"_ _92\"></span>inancial assets).<span class=\"_ _333\"> </span>Other receiv<span class=\"_ _92\"></span>ables with a matu<span class=\"_ _92\"></span>rity of more than o<span class=\"_ _92\"></span>ne year are re<span class=\"_ _92\"></span>ported under investmen<span class=\"_ _92\"></span>ts and non-<span class=\"_ _333\"> </span>curren<span class=\"_ _92\"></span>t other receivables<span class=\"_ _92\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span>W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span>instruments<span class=\"_ _43\"></span>; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span>6.1 Invent<span class=\"_ _92\"></span>ories and proof<span class=\"lsee ws2c7\"> of origin and/or  </span>green electricity certificates Inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ntories of prim<span class=\"_ _92\"></span>ar<span class=\"_ _43\"></span>y energy sour<span class=\"_ _92\"></span>ces as well as additives an<span class=\"_ _92\"></span>d consumables ar<span class=\"_ _92\"></span>e measured at <span class=\"_ _92\"></span>the lower of cost or net r<span class=\"_ _92\"></span>ealisable value a<span class=\"_ _92\"></span>t the reporting da<span class=\"_ _92\"></span>te. The use of prim<span class=\"_ _92\"></span>ar<span class=\"_ _43\"></span>y energy source<span class=\"_ _92\"></span>s and raw materials<span class=\"_ _92\"></span>, additives and consumables is determ<span class=\"_ _92\"></span>ined using the moving a<span class=\"_ _92\"></span>verage price method.  Inventories of natural gas held for trading b<span class=\"_ _92\"></span>y VE<span class=\"_ _43\"></span>RBUND are measur<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d through profit or loss under other rev<span class=\"_ _92\"></span>enue. Accor<span class=\"_ _92\"></span>ding to the brok<span class=\"_ _92\"></span>erage exemption<span class=\"_ _92\"></span> for raw m<span class=\"_ _92\"></span>aterials and commodity dealers<span class=\"_ _92\"></span>, the measur<span class=\"_ _92\"></span>ement benchmark is f<span class=\"_ _92\"></span>air value (Level 1) less cos<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s to sell. The fair<span class=\"_ _92\"></span> value correspon<span class=\"_ _92\"></span>ds to the quoted price fo<span class=\"_ _43\"></span>r front-month gas forwards on the<span class=\"_ _43\"></span> Central Eur<span class=\"_ _92\"></span>op<span class=\"_ _43\"></span>ean Gas H<span class=\"_ _92\"></span>ub<span class=\"_ _43\"></span> (CEGH) or NetConnec<span class=\"_ _43\"></span>t Germany (NCG).<span class=\"_ _92\"></span> Guaran<span class=\"_ _92\"></span>tees of origin and green el<span class=\"_ _92\"></span>ectricity certificates that ar<span class=\"_ _92\"></span>e held for sale in the norm<span class=\"_ _92\"></span>al course of business are r<span class=\"_ _92\"></span>ecognised in accordan<span class=\"_ _92\"></span>ce with IAS 2 an<span class=\"ls6b ws328\">d IAS <span class=\"_ _92\"></span>20. Guaran<span class=\"_ _92\"></span>tees of origin and green electricity </span>certificates ar<span class=\"_ _92\"></span>e recognised as inven<span class=\"_ _92\"></span>tories when the legally enfor<span class=\"_ _92\"></span>ceable rights ar<span class=\"_ _92\"></span>e acquired (as a rule, genera<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ion of electricity in certified po<span class=\"_ _92\"></span>wer plants). Income fr<span class=\"_ _92\"></span>om the allocation<span class=\"_ _92\"></span> of certificates is presen<span class=\"_ _92\"></span>ted under other operating inco<span class=\"_ _92\"></span>me net of the change in inven<span class=\"_ _92\"></span>tories from the disposal<span class=\"_ _92\"></span> of certificates<span class=\"_ _92\"></span>. Subsequent measur<span class=\"_ _92\"></span>ements are<span class=\"_ _92\"></span> carried out at the lo<span class=\"_ _92\"></span>wer net real<span class=\"_ _92\"></span>isable value if necess<span class=\"_ _92\"></span>ar<span class=\"_ _43\"></span>y. Proceeds fr<span class=\"_ _92\"></span>om the sale of guaran<span class=\"_ _92\"></span>tees of origin or green electricity certific<span class=\"_ _92\"></span>ates are recogn<span class=\"_ _92\"></span>ised under other rev<span class=\"_ _43\"></span>en<span class=\"_ _43\"></span>ue.<span class=\"_ _43\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span>W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span>instruments<span class=\"_ _43\"></span>; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gsda7\">6.1.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls86 ws0 gsda8\">Inv<span class=\"_ _92\"></span>entories </div>Inventories <span class=\"_ _2c2\"> </span><span class=\"ff2a fs7 ls0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Natural gas<span class=\"_ _333\"> </span>1 <span class=\"_ _15b\"> </span><span class=\"fc4\">23.1 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls49\">10<span class=\"_ _43\"></span>3.0 </span>Inventories of primary energy sour<span class=\"_ _92\"></span>ces <span class=\"_ _bb\"> </span><span class=\"fc4 ls49 ws0\">23.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls18\">103.0 </span></span>Emission rights held for tradin<span class=\"_ _92\"></span>g <span class=\"_ _15d\"> </span><span class=\"fc4 ls0 ws0\">4.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.7 </span></span>Measurements of emissio<span class=\"_ _92\"></span>n rights held for trading <span class=\"_ _213\"> </span><span class=\"fc4 ls0 ws0\">8.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.4 </span></span>Fair value of emission rights held fo<span class=\"_ _92\"></span>r trading <span class=\"_ _9\"> </span><span class=\"fc4 ls31 ws0\">13.3 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">1.1 </span></span>Proof of origin and green electricity certificates <span class=\"_ _13\"> </span><span class=\"fc4 ls18 ws0\">1.7 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.7 </span></span>Additives and<span class=\"_ _92\"></span> consumables <span class=\"_ _2c3\"> </span><span class=\"fc4 ls18 ws0\">11.0 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">12.7 </span></span>Other <span class=\"_ _2c4\"> </span><span class=\"fc4 ls18\">0.9 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">4.5 </span></span>Inventories <span class=\"_ _2c5\"> </span><span class=\"fc4 ls18\">49.9 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">123.0 </span></span>1 An impairment lo<span class=\"_ _92\"></span>ss of \u20ac18.8m (previous year: \u20ac7.5m<span class=\"_ _92\"></span>) on gas inventories was recognised as ex<span class=\"_ _92\"></span>pense in the income statement in the<span class=\"ls17e ws785\"> re<span class=\"_ _92\"></span>porting period</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span>W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span>instruments<span class=\"_ _43\"></span>; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gsdda\">6.4<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb61\">Cash and cash equivalents </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls266 wsb8f gsddb\">Cash<span class=\"_ _43\"></span> and ca<span class=\"_ _43\"></span>sh equi<span class=\"_ _43\"></span>valent<span class=\"_ _43\"></span>s <span class=\"_ _29a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsddc\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gsddd\">Cash at banks <span class=\"_ _2c8\"> </span><span class=\"fc4 ls0 ws0\">318.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">409.3 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws91b gsdde\">Cash and cash equivalents <span class=\"_ _e9\"> </span><span class=\"fc4 ls18 ws0\">318.6 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">409.3</span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"> </span></span></div>6.4.1  Cash and  cash equival<span class=\"_ _92\"></span>ents<span class=\"_ _333\"> </span>The lock-in pe<span class=\"_ _43\"></span>riod for all current financial investme<span class=\"ls81 ws4f5\">nts r<span class=\"_ _92\"></span>eported in cash and cash equiv<span class=\"_ _92\"></span>alents was less </span>than thr<span class=\"_ _92\"></span>ee months at the time the in<span class=\"_ _92\"></span>vestment was m<span class=\"_ _92\"></span>ade. Cash and cash equiv<span class=\"_ _92\"></span>alents correspon<span class=\"_ _92\"></span>d to the fund of cash and c<span class=\"_ _92\"></span>ash equivalents in the cash fl<span class=\"_ _92\"></span>ow statement as defined in IAS 7.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-571": {
   "value": "6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span>W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span>instruments<span class=\"_ _43\"></span>; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span>6.5<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsc6 ws80c\">Liabilities from derivati<span class=\"ls24f wsb90\">ve finan<span class=\"_ _92\"></span>cial instruments </span></span>Liabilities fr<span class=\"_ _92\"></span>om derivative fina<span class=\"_ _92\"></span>ncial instruments <span class=\"_ _f5\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _2c9\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _21\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _6\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _1f8\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span>current Non-<span class=\"_ _333\"> </span>current Current <span class=\"_ _a9\"> </span><span class=\"fc0\">Current </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _da\"> </span><span class=\"fc4 ls0 ws0\">734.8 <span class=\"_ _b\"> </span><span class=\"ff2f fc0 ls18\">1,069.2 <span class=\"_ _94\"> </span></span>3,307.5 <span class=\"_ _a9\"> </span><span class=\"ff2f fc0 ls18\">1,491.6 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _120\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _4b\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _2c\"> </span></span>5.9 <span class=\"_ _4a\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Liabilities from derivativ<span class=\"_ _92\"></span><span class=\"ls62 ws90e\">e financial instruments <span class=\"_ _10c\"> </span><span class=\"fc4 ls18 ws0\">734.8 <span class=\"_ _a7\"> </span><span class=\"ff2c fc0\">1,069.2 <span class=\"_ _5d\"> </span></span><span class=\"ls31\">3,31<span class=\"_ _43\"></span>3.3 <span class=\"_ _1e2\"> </span></span><span class=\"ff2c fc0\">1,491.6<span class=\"_ _92\"></span> </span></span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8.<span class=\"_ _333\"> </span>6.6<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb61\">T<span class=\"_ _80\"></span>rade pay<span class=\"_ _92\"></span>ables and cu<span class=\"lsef ws877\">rrent other liabilities </span></span>T<span class=\"_ _14\"></span>rade pa<span class=\"_ _0\"></span>yables and curr<span class=\"_ _92\"></span>ent other liabilities \u20acm   <span class=\"_ _21f\"> </span><span class=\"ff2f fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _2\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _1dc\"> </span><span class=\"fc4 ls0 ws0\">293.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">412.7 </span></span>Outstanding receipts for inv<span class=\"_ _92\"></span>estments <span class=\"_ _48\"> </span><span class=\"fc4 ls0 ws0\">137.5 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">142.9 </span></span>Other liabilities for ma<span class=\"ls36 ws35\">intenance expenses <span class=\"_ _1ea\"> </span><span class=\"fc4 ls0 ws0\">48.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">86.3 </span></span></span>Other liabilities from elec<span class=\"ls0 ws0\">tricity and grid deliv<span class=\"_ _92\"></span>eries <span class=\"_ _c6\"> </span><span class=\"fc4\">76.8 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls18\">80.2 </span></span>Security deposits for trans<span class=\"_ _92\"></span>port services <span class=\"_ _263\"> </span><span class=\"fc4 ls0 ws0\">8.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">57.7 </span></span>Other personnel-rel<span class=\"ls20 ws21\">ated liabilities <span class=\"_ _1bb\"> </span><span class=\"fc4 ls0 ws0\">41.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">43.0 </span></span></span>Liabilities to the emissions registry <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">26.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">39.1 </span></span>Accruals and deferred income <span class=\"_ _2ca\"> </span><span class=\"fc4 ls0 ws0\">13.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">29.0 </span></span>Liabilities to tax authorities <span class=\"_ _228\"> </span><span class=\"fc4 ls0 ws0\">35.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.9 </span></span>Liabilities to unconsolidated <span class=\"ls34 ws387\">subsidi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ries and investees <span class=\"_ _73\"> </span><span class=\"fc4 ls0 ws0\">21.6 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">26.5 </span></span></span>Advance paymen<span class=\"_ _92\"></span>ts received  <span class=\"_ _ee\"> </span><span class=\"fc4 ls0 ws0\">2.3 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">25.2 </span></span>Electricity supply commitment <span class=\"_ _26a\"> </span><span class=\"fc4 ls0 ws0\">11.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.1 </span></span>Lease liabilities <span class=\"_ _2cb\"> </span><span class=\"fc4\">8.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">10.8 </span>Liabilities from social security (inclu<span class=\"ls1a ws1c\">ding social insura<span class=\"_ _92\"></span>nce institutions) <span class=\"_ _1d\"> </span><span class=\"fc4 ls0 ws0\">5.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">6.2 </span></span></span>Other liabilities for legal, audit and c<span class=\"_ _92\"></span>onsulting expenses <span class=\"_ _2cc\"> </span><span class=\"fc4 ls0 ws0\">4.1 <span class=\"_ _61\"> </span><span class=\"fc0\">4.9 </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">1.9 <span class=\"_ _de\"> </span><span class=\"fc0\">30.3 </span></span>T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _c0\"> </span><span class=\"fc4 ls18 ws0\">736.4 <span class=\"_ _132\"> </span><span class=\"fc0\">1,035.8 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>. <div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gsdf6\">6.5.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls85 ws9c gsdf7\">Liabilities from </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsc3 wsb0f gsdf8\">deriva<span class=\"_ _92\"></span>tive  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsc1 ws4e8 gsdf9\">financial instruments<span class=\"_ _333\"> </span> </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gsdfb\">6.6.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13d ws4bd gsdfc\">T<span class=\"_ _80\"></span>rade payables and </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls1fa wsafc gsdfd\">curr<span class=\"_ _92\"></span>ent other </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lscf ws0 gsdfe\">liabilities </div>8.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba\">Liabilities </span>The notes in this s<span class=\"_ _43\"></span>ection relate to non-current and current financial liabilities as we<span class=\"_ _43\"></span>ll as non-current other liabilities. Details reg<span class=\"_ _92\"></span>arding trade payables an<span class=\"ls78 ws421\">d curr<span class=\"_ _92\"></span>ent other liabilities are pr<span class=\"_ _92\"></span>ovided in section <span class=\"_ _14\"></span>6 </span>W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital.<span class=\"_ _333\"> </span>8.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Non-current other liabilities</span><span class=\"lsef ws877\"> </span>Non-<span class=\"_ _92\"></span>current other liabilities ar<span class=\"_ _92\"></span>e accounted for at amortised cos<span class=\"_ _92\"></span>t and relate primarily to the foll<span class=\"_ _92\"></span>owing transactio<span class=\"_ _0\"></span>ns: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls83 ws1c0\">Obligation<span class=\"_ _92\"></span> to supply electricity under a 20-year<span class=\"_ _92\"></span> el<span class=\"ls33 ws15c\">ectricity supply agreem<span class=\"_ _92\"></span>ent that was<span class=\"_ _92\"></span> incurred in </span></span></span>connection w<span class=\"_ _43\"></span>ith the acquisit<span class=\"_ _43\"></span>ion of Kraftwerksgruppe<span class=\"_ _43\"></span> Inn GmbH (now VERBUND Innkraftwerke GmbH) in the 2009 reporting period<span class=\"_ _92\"></span><span class=\"ls87 ws1f9\">. An unsc<span class=\"_ _43\"></span>heduled repaymen<span class=\"_ _92\"></span>t of 60 % of the oblig<span class=\"_ _92\"></span>ation was made </span>in 2013 as part of the acquisition of (additional) B<span class=\"_ _92\"></span>avarian hydr<span class=\"_ _92\"></span>op<span class=\"_ _43\"></span>ower plant capacities<span class=\"_ _92\"></span>. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls9a ws489\">Obligatio<span class=\"_ _92\"></span>n to transfer the 50 <span class=\"_ _80\"></span>% inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st in Dona<span class=\"_ _92\"></span>ukraftwerk Jochens<span class=\"_ _92\"></span>tein AG back to the Fr<span class=\"_ _92\"></span>ee State of<span class=\"_ _92\"></span> </span></span>Bavaria without consideration that was assume<span class=\"_ _43\"></span>d as <span class=\"ls99 wsb9f\">part of t<span class=\"_ _43\"></span>he acquisition of (a<span class=\"_ _43\"></span>dditional) Bavarian </span>hydr<span class=\"_ _92\"></span>opower plant capacities<span class=\"_ _92\"></span>.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d ws21e\">Lease liabilities reported as liabilities in a<span class=\"ls95 ws0\">ccordance with IFRS 16 (s<span class=\"ls81 ws65\">ee sectio<span class=\"_ _0\"></span>n 4.3 Leases).<span class=\"_ _333\"> </span></span></span></span></span><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsd1 ws2e8 gsee2\">Non-current ot<span class=\"_ _92\"></span>her liabilities  <span class=\"_ _ea\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gsee3\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gsee4\">Other liabilities from elec<span class=\"ls0 ws0\">tricity and grid deliv<span class=\"_ _92\"></span>eries <span class=\"_ _c6\"> </span><span class=\"fc4\">54.3 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">142.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gsee5\">Lease liabilities <span class=\"_ _2d9\"> </span><span class=\"fc4\">86.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">126.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gsee6\">Obligation to return an interest <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">140.4 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">116.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gsee7\">Electricity supply commitment <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">126.5 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>13.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws5a7 gsee8\">T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _2da\"> </span><span class=\"fc4 ls0 ws0\">2.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">2.8 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gsee9\">Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">52.8 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls18\">62.3 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gseea\">Non-current other liabilities  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18 ws0\">462.1 <span class=\"_ _16a\"> </span><span class=\"fc0 ls49\">563.4<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"fc0 ls49\"> </span></span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gsefa\">8.2.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsa6 wsa3b gsefb\">Non-current  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls10e ws464 gsefc\">other liabilities </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-579": {
   "value": "6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span>W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span>instruments<span class=\"_ _43\"></span>; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span>8.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Non-current other liabilities</span><span class=\"lsef ws877\"> </span>Non-<span class=\"_ _92\"></span>current other liabilities ar<span class=\"_ _92\"></span>e accounted for at amortised cos<span class=\"_ _92\"></span>t and relate primarily to the foll<span class=\"_ _92\"></span>owing transactio<span class=\"_ _0\"></span>ns: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls83 ws1c0\">Obligation<span class=\"_ _92\"></span> to supply electricity under a 20-year<span class=\"_ _92\"></span> el<span class=\"ls33 ws15c\">ectricity supply agreem<span class=\"_ _92\"></span>ent that was<span class=\"_ _92\"></span> incurred in </span></span></span>connection w<span class=\"_ _43\"></span>ith the acquisit<span class=\"_ _43\"></span>ion of Kraftwerksgruppe<span class=\"_ _43\"></span> Inn GmbH (now VERBUND Innkraftwerke GmbH) in the 2009 reporting period<span class=\"_ _92\"></span><span class=\"ls87 ws1f9\">. An unsc<span class=\"_ _43\"></span>heduled repaymen<span class=\"_ _92\"></span>t of 60 % of the oblig<span class=\"_ _92\"></span>ation was made </span>in 2013 as part of the acquisition of (additional) B<span class=\"_ _92\"></span>avarian hydr<span class=\"_ _92\"></span>op<span class=\"_ _43\"></span>ower plant capacities<span class=\"_ _92\"></span>. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls9a ws489\">Obligatio<span class=\"_ _92\"></span>n to transfer the 50 <span class=\"_ _80\"></span>% inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st in Dona<span class=\"_ _92\"></span>ukraftwerk Jochens<span class=\"_ _92\"></span>tein AG back to the Fr<span class=\"_ _92\"></span>ee State of<span class=\"_ _92\"></span> </span></span>Bavaria without consideration that was assume<span class=\"_ _43\"></span>d as <span class=\"ls99 wsb9f\">part of t<span class=\"_ _43\"></span>he acquisition of (a<span class=\"_ _43\"></span>dditional) Bavarian </span>hydr<span class=\"_ _92\"></span>opower plant capacities<span class=\"_ _92\"></span>.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d ws21e\">Lease liabilities reported as liabilities in a<span class=\"ls95 ws0\">ccordance with IFRS 16 (s<span class=\"ls81 ws65\">ee sectio<span class=\"_ _0\"></span>n 4.3 Leases).<span class=\"_ _333\"> </span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "6.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls263 wsb87\">Wo<span class=\"_ _63\"></span>r<span class=\"_ _63\"></span>k<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>n<span class=\"_ _63\"></span>g<span class=\"_ _63\"></span> c<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>p<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>t<span class=\"_ _63\"></span>a<span class=\"_ _63\"></span>l</span><span class=\"ls263 wsb87\"><span class=\"_ _63\"></span> </span>W<span class=\"_ _92\"></span>orking capital<span class=\"_ _92\"></span> includes the following balance sheet it<span class=\"_ _92\"></span>ems<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls20c\">Inventories<span class=\"_ _63\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6f wsda\">Trade r<span class=\"_ _92\"></span>eceivables, curr<span class=\"_ _92\"></span>ent other receiva<span class=\"_ _92\"></span>bles and securities<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d wsb88\">Receivables from deriva<span class=\"_ _92\"></span>tive fi<span class=\"ls70 wsb89\">nancial instru<span class=\"_ _43\"></span>ments and liabilit<span class=\"ls46 wsb8a\">ies from derivative fin<span class=\"_ _92\"></span>ancial </span></span></span></span>instruments<span class=\"_ _43\"></span>; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls6d ws9e9\">Cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">Trade pay<span class=\"_ _92\"></span>ables and current oth<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>r liabilities<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></span></span>6.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Receivables from derivati<span class=\"ls124 wsb8c\">ve financia<span class=\"_ _92\"></span>l instruments<span class=\"_ _333\"> </span></span></span><span class=\"lsef ws877\"><span class=\"ls124 wsb8c\"> </span></span>Receivables from deriv<span class=\"_ _92\"></span>ative fina<span class=\"ls72 wsb8d\">ncial instr<span class=\"_ _43\"></span>uments include der<span class=\"_ _43\"></span>ivati<span class=\"ls87 ws7aa\">ves and hedging instruments from </span></span>both the financ<span class=\"_ _92\"></span>ial and energy area<span class=\"_ _92\"></span>.  Receivables fr<span class=\"_ _92\"></span>om derivative financial<span class=\"_ _92\"></span> instruments <span class=\"_ _1de\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _20f\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _11\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _179\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _242\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span>current Non-<span class=\"_ _333\"> </span>current Current <span class=\"_ _b\"> </span><span class=\"fc0\">Current </span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the en<span class=\"_ _0\"></span>ergy area <span class=\"_ _93\"> </span><span class=\"fc4 ls0 ws0\">454.9 <span class=\"_ _21\"> </span><span class=\"ff2f fc0 ls18\">369.7 <span class=\"_ _1e5\"> </span></span>1,972.6 <span class=\"_ _134\"> </span><span class=\"ff2f fc0 ls18\">1,825.4 </span></span>Derivative financi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l instruments in the finance ar<span class=\"_ _92\"></span>ea <span class=\"_ _18e\"> </span><span class=\"fc4 ls0 ws0\">70.3 <span class=\"_ _1b3\"> </span><span class=\"ff2f fc0 ls18\">67.7 <span class=\"_ _1c5\"> </span></span>0.0 <span class=\"_ _4b\"> </span><span class=\"ff2f fc0 ls31\">8.3 </span></span>Receivables from deriv<span class=\"_ _92\"></span>ative financial instruments <span class=\"_ _128\"> </span><span class=\"fc4 ls18 ws0\">525.2 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">437.3 <span class=\"_ _1e2\"> </span></span>1,972.6 <span class=\"_ _a\"> </span><span class=\"ff2c fc0\">1,833.<span class=\"_ _92\"></span>7 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>T<span class=\"_ _14\"></span>rade receiv<span class=\"_ _92\"></span>ables, other receivables and securities <span class=\"_ _108\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _2c6\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _21\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _15e\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _8\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _27d\"> </span><span class=\"ff2f fc4 ls61\">Non-<span class=\"_ _333\"> </span></span>current Non-<span class=\"_ _333\"> </span>current Current <span class=\"_ _b\"> </span><span class=\"fc0\">Current </span>T<span class=\"_ _14\"></span>rade receivables <span class=\"_ _139\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _50\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _11\"> </span></span><span class=\"ls0\">818.4 <span class=\"_ _1f\"> </span><span class=\"ff2f fc0 ls18\">968.3 </span></span></span>Receivables from inv<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>stees <span class=\"_ _c3\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _3c\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _24\"> </span></span><span class=\"ls0\">57.6 <span class=\"_ _23\"> </span><span class=\"ff2f fc0 ls18\">57.9<span class=\"_ _92\"></span> </span></span></span>Loans to inves<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ees <span class=\"_ _bb\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _3c\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _1c\"> </span></span><span class=\"ls0\">49.1 <span class=\"_ _4b\"> </span></span><span class=\"ff2f fc0\">3.5 </span></span>Other receivables and assets <span class=\"_ _f7\"> </span><span class=\"fc4 ls0 ws0\">354.5 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">309.7 <span class=\"_ _21\"> </span></span>408.3 <span class=\"_ _8\"> </span><span class=\"ff2f fc0 ls18\">516.<span class=\"_ _92\"></span>3 </span></span>T<span class=\"_ _14\"></span>rade receivables, other receivables and securities <span class=\"_ _123\"> </span><span class=\"fc4 ls18 ws0\">354.5 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">309.7 <span class=\"_ _1e2\"> </span></span><span class=\"ls31\">1,333.4 <span class=\"_ _a\"> </span></span><span class=\"ff2c fc0\">1,546.1 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>Other receiv<span class=\"_ _92\"></span>ables and assets <span class=\"_ _201\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _fa\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _26\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _1d1\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _4b\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _2c7\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _216\"> </span><span class=\"fc0\">Non-current <span class=\"_ _7\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _1cd\"> </span><span class=\"fc0\">Current </span></span></span>Securities <span class=\"_ _263\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _54\"> </span></span><span class=\"ff2f ls0\">\u2013 <span class=\"_ _3\"> </span><span class=\"ff2a fc4\">4.3 <span class=\"_ _16a\"> </span></span><span class=\"ls18\">0.2 </span></span>Guarantees in el<span class=\"ls19 ws184\">ectricity trading <span class=\"_ _1a0\"> </span><span class=\"fc4 ls0 ws0\">274.5 <span class=\"_ _4f\"> </span><span class=\"ff2f fc0 ls18\">250.2 <span class=\"_ _26\"> </span></span>322.7 <span class=\"_ _2c\"> </span><span class=\"ff2f fc0 ls18\">381.2 </span></span></span>Emission rights <span class=\"_ _18a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _12e\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _69\"> </span></span><span class=\"ls0\">31.2 <span class=\"_ _6a\"> </span><span class=\"ff2f fc0 ls18\">49.0 </span></span></span>Receivables from tax clearing <span class=\"_ _2b5\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _69\"> </span></span><span class=\"ls0\">22.9 <span class=\"_ _6a\"> </span><span class=\"ff2f fc0 ls18\">14.8 </span></span></span>Receivables from accrued inter<span class=\"_ _92\"></span>est <span class=\"_ _4e\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _3\"> </span></span><span class=\"ls0\">0.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span></span>Other <span class=\"_ _1bf\"> </span><span class=\"fc4 ls0\">80.0 <span class=\"_ _5b\"> </span></span><span class=\"ff2f ls18\">59.4 <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">26.9 <span class=\"_ _6c\"> </span></span><span class=\"ff2f ls18\">70.8 </span>Other receivables and asset<span class=\"_ _92\"></span>s <span class=\"_ _3a\"> </span><span class=\"fc4 ls18 ws0\">354.5 <span class=\"_ _10f\"> </span><span class=\"ff2c fc0\">309.7 <span class=\"_ _119\"> </span></span>408.3 <span class=\"_ _1d1\"> </span><span class=\"ff2c fc0\">516.3 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>6.3.1  T<span class=\"_ _80\"></span>rade receivables, other receiv<span class=\"_ _92\"></span>ables <span class=\"_ _43\"></span>and securities  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-572": {
   "value": "Other receiv<span class=\"_ _92\"></span>ables and assets <span class=\"_ _201\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _fa\"> </span><span class=\"fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _26\"> </span><span class=\"ff2c fc0 ls18\">2022 <span class=\"_ _1d1\"> </span></span><span class=\"ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _4b\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>  <span class=\"_ _2c7\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _216\"> </span><span class=\"fc0\">Non-current <span class=\"_ _7\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _1cd\"> </span><span class=\"fc0\">Current </span></span></span>Securities <span class=\"_ _263\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _54\"> </span></span><span class=\"ff2f ls0\">\u2013 <span class=\"_ _3\"> </span><span class=\"ff2a fc4\">4.3 <span class=\"_ _16a\"> </span></span><span class=\"ls18\">0.2 </span></span>Guarantees in el<span class=\"ls19 ws184\">ectricity trading <span class=\"_ _1a0\"> </span><span class=\"fc4 ls0 ws0\">274.5 <span class=\"_ _4f\"> </span><span class=\"ff2f fc0 ls18\">250.2 <span class=\"_ _26\"> </span></span>322.7 <span class=\"_ _2c\"> </span><span class=\"ff2f fc0 ls18\">381.2 </span></span></span>Emission rights <span class=\"_ _18a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _12e\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _69\"> </span></span><span class=\"ls0\">31.2 <span class=\"_ _6a\"> </span><span class=\"ff2f fc0 ls18\">49.0 </span></span></span>Receivables from tax clearing <span class=\"_ _2b5\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _69\"> </span></span><span class=\"ls0\">22.9 <span class=\"_ _6a\"> </span><span class=\"ff2f fc0 ls18\">14.8 </span></span></span>Receivables from accrued inter<span class=\"_ _92\"></span>est <span class=\"_ _4e\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _54\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _3\"> </span></span><span class=\"ls0\">0.3 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">0.1 </span></span></span>Other <span class=\"_ _1bf\"> </span><span class=\"fc4 ls0\">80.0 <span class=\"_ _5b\"> </span></span><span class=\"ff2f ls18\">59.4 <span class=\"_ _69\"> </span></span><span class=\"fc4 ls0\">26.9 <span class=\"_ _6c\"> </span></span><span class=\"ff2f ls18\">70.8 </span>Other receivables and asset<span class=\"_ _92\"></span>s <span class=\"_ _3a\"> </span><span class=\"fc4 ls18 ws0\">354.5 <span class=\"_ _10f\"> </span><span class=\"ff2c fc0\">309.7 <span class=\"_ _119\"> </span></span>408.3 <span class=\"_ _1d1\"> </span><span class=\"ff2c fc0\">516.3 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1b7 ws0 gs10a6\">10.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"ls26b\">Ta<span class=\"_ _83\"></span>x<span class=\"_ _81\"></span>e<span class=\"_ _83\"></span>s<span class=\"_ _109\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs10a7\">Curr<span class=\"_ _92\"></span>ent tax liabilities in<span class=\"_ _92\"></span> the 2022 reporting period c<span class=\"_ _92\"></span>an be broken down as fol<span class=\"_ _92\"></span>lows<span class=\"_ _43\"></span>: </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls117 ws48d gs10a8\">Current<span class=\"_ _92\"></span> tax liabilities <span class=\"_ _23b\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs10a9\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs10aa\">T<span class=\"_ _14\"></span>axes on income <span class=\"_ _261\"> </span><span class=\"fc4 ls0 ws0\">219.5 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">454.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws255 gs10ab\">Other taxes <span class=\"_ _28e\"> </span><span class=\"fc4 ls0 ws0\">2.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls31\">3.9 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs10ac\">Current tax liabilities <span class=\"_ _153\"> </span><span class=\"fc4 ls18 ws0\">222.4 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">457.9<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-45": {
   "value": "The lock-in pe<span class=\"_ _43\"></span>riod for all current financial investme<span class=\"ls81 ws4f5\">nts r<span class=\"_ _92\"></span>eported in cash and cash equiv<span class=\"_ _92\"></span>alents was less </span>than thr<span class=\"_ _92\"></span>ee months at the time the in<span class=\"_ _92\"></span>vestment was m<span class=\"_ _92\"></span>ade. Cash and cash equiv<span class=\"_ _92\"></span>alents correspon<span class=\"_ _92\"></span>d to the fund of cash and c<span class=\"_ _92\"></span>ash equivalents in the cash fl<span class=\"_ _92\"></span>ow statement as defined in IAS 7.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-46": {
   "value": "6.6<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1ba wsb61\">T<span class=\"_ _80\"></span>rade pay<span class=\"_ _92\"></span>ables and cu<span class=\"lsef ws877\">rrent other liabilities </span></span>T<span class=\"_ _14\"></span>rade pa<span class=\"_ _0\"></span>yables and curr<span class=\"_ _92\"></span>ent other liabilities \u20acm   <span class=\"_ _21f\"> </span><span class=\"ff2f fc4 ls18\">2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _2\"> </span><span class=\"ff2c fc0 ls18\">2022 </span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _1dc\"> </span><span class=\"fc4 ls0 ws0\">293.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">412.7 </span></span>Outstanding receipts for inv<span class=\"_ _92\"></span>estments <span class=\"_ _48\"> </span><span class=\"fc4 ls0 ws0\">137.5 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">142.9 </span></span>Other liabilities for ma<span class=\"ls36 ws35\">intenance expenses <span class=\"_ _1ea\"> </span><span class=\"fc4 ls0 ws0\">48.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">86.3 </span></span></span>Other liabilities from elec<span class=\"ls0 ws0\">tricity and grid deliv<span class=\"_ _92\"></span>eries <span class=\"_ _c6\"> </span><span class=\"fc4\">76.8 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls18\">80.2 </span></span>Security deposits for trans<span class=\"_ _92\"></span>port services <span class=\"_ _263\"> </span><span class=\"fc4 ls0 ws0\">8.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">57.7 </span></span>Other personnel-rel<span class=\"ls20 ws21\">ated liabilities <span class=\"_ _1bb\"> </span><span class=\"fc4 ls0 ws0\">41.2 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">43.0 </span></span></span>Liabilities to the emissions registry <span class=\"_ _5e\"> </span><span class=\"fc4 ls0 ws0\">26.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls29\">39.1 </span></span>Accruals and deferred income <span class=\"_ _2ca\"> </span><span class=\"fc4 ls0 ws0\">13.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">29.0 </span></span>Liabilities to tax authorities <span class=\"_ _228\"> </span><span class=\"fc4 ls0 ws0\">35.4 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">27.9 </span></span>Liabilities to unconsolidated <span class=\"ls34 ws387\">subsidi<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ries and investees <span class=\"_ _73\"> </span><span class=\"fc4 ls0 ws0\">21.6 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">26.5 </span></span></span>Advance paymen<span class=\"_ _92\"></span>ts received  <span class=\"_ _ee\"> </span><span class=\"fc4 ls0 ws0\">2.3 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">25.2 </span></span>Electricity supply commitment <span class=\"_ _26a\"> </span><span class=\"fc4 ls0 ws0\">11.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls49\">13.1 </span></span>Lease liabilities <span class=\"_ _2cb\"> </span><span class=\"fc4\">8.3 <span class=\"_ _12b\"> </span></span><span class=\"ff2f ls18\">10.8 </span>Liabilities from social security (inclu<span class=\"ls1a ws1c\">ding social insura<span class=\"_ _92\"></span>nce institutions) <span class=\"_ _1d\"> </span><span class=\"fc4 ls0 ws0\">5.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">6.2 </span></span></span>Other liabilities for legal, audit and c<span class=\"_ _92\"></span>onsulting expenses <span class=\"_ _2cc\"> </span><span class=\"fc4 ls0 ws0\">4.1 <span class=\"_ _61\"> </span><span class=\"fc0\">4.9 </span></span>Other <span class=\"_ _235\"> </span><span class=\"fc4 ls0\">1.9 <span class=\"_ _de\"> </span><span class=\"fc0\">30.3 </span></span>T<span class=\"_ _14\"></span>rade payables and current other liabilities <span class=\"_ _c0\"> </span><span class=\"fc4 ls18 ws0\">736.4 <span class=\"_ _132\"> </span><span class=\"fc0\">1,035.8 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8<span class=\"_ _333\"> </span>8.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Non-current other liabilities</span><span class=\"lsef ws877\"> </span>Non-<span class=\"_ _92\"></span>current other liabilities ar<span class=\"_ _92\"></span>e accounted for at amortised cos<span class=\"_ _92\"></span>t and relate primarily to the foll<span class=\"_ _92\"></span>owing transactio<span class=\"_ _0\"></span>ns: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls83 ws1c0\">Obligation<span class=\"_ _92\"></span> to supply electricity under a 20-year<span class=\"_ _92\"></span> el<span class=\"ls33 ws15c\">ectricity supply agreem<span class=\"_ _92\"></span>ent that was<span class=\"_ _92\"></span> incurred in </span></span></span>connection w<span class=\"_ _43\"></span>ith the acquisit<span class=\"_ _43\"></span>ion of Kraftwerksgruppe<span class=\"_ _43\"></span> Inn GmbH (now VERBUND Innkraftwerke GmbH) in the 2009 reporting period<span class=\"_ _92\"></span><span class=\"ls87 ws1f9\">. An unsc<span class=\"_ _43\"></span>heduled repaymen<span class=\"_ _92\"></span>t of 60 % of the oblig<span class=\"_ _92\"></span>ation was made </span>in 2013 as part of the acquisition of (additional) B<span class=\"_ _92\"></span>avarian hydr<span class=\"_ _92\"></span>op<span class=\"_ _43\"></span>ower plant capacities<span class=\"_ _92\"></span>. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls9a ws489\">Obligatio<span class=\"_ _92\"></span>n to transfer the 50 <span class=\"_ _80\"></span>% inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st in Dona<span class=\"_ _92\"></span>ukraftwerk Jochens<span class=\"_ _92\"></span>tein AG back to the Fr<span class=\"_ _92\"></span>ee State of<span class=\"_ _92\"></span> </span></span>Bavaria without consideration that was assume<span class=\"_ _43\"></span>d as <span class=\"ls99 wsb9f\">part of t<span class=\"_ _43\"></span>he acquisition of (a<span class=\"_ _43\"></span>dditional) Bavarian </span>hydr<span class=\"_ _92\"></span>opower plant capacities<span class=\"_ _92\"></span>.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d ws21e\">Lease liabilities reported as liabilities in a<span class=\"ls95 ws0\">ccordance with IFRS 16 (s<span class=\"ls81 ws65\">ee sectio<span class=\"_ _0\"></span>n 4.3 Leases).<span class=\"_ _333\"> </span></span></span></span></span>Non-current ot<span class=\"_ _92\"></span>her liabilities  <span class=\"_ _ea\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Other liabilities from elec<span class=\"ls0 ws0\">tricity and grid deliv<span class=\"_ _92\"></span>eries <span class=\"_ _c6\"> </span><span class=\"fc4\">54.3 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">142.0 </span></span>Lease liabilities <span class=\"_ _2d9\"> </span><span class=\"fc4\">86.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">126.0 </span>Obligation to return an interest <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">140.4 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">116.7 </span></span>Electricity supply commitment <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">126.5 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>13.4 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _2da\"> </span><span class=\"fc4 ls0 ws0\">2.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">2.8 </span></span>Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">52.8 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls18\">62.3 </span>Non-current other liabilities  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18 ws0\">462.1 <span class=\"_ _16a\"> </span><span class=\"fc0 ls49\">563.4<span class=\"_ _333\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-47": {
   "value": "7.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"lsbd\">Equity<span class=\"_ _333\"> </span></span>J<span class=\"_ _92\"></span>ust as in the previous year<span class=\"_ _14\"></span>, the share capital c<span class=\"_ _92\"></span>o<span class=\"ls78\">mprised 170,233,686 no-par value <span class=\"ls82 ws2c0\">shares in the form of </span></span>bearer shar<span class=\"_ _92\"></span>es (category A) and 177,182,000 no-par valu<span class=\"ls83 wsb92\">e shares in the f<span class=\"_ _92\"></span>orm <span class=\"ls71 wsa8\">of registered shares </span></span>(c<span class=\"_ _92\"></span>ategor<span class=\"_ _43\"></span>y B). Cat<span class=\"_ _92\"></span>egor<span class=\"_ _43\"></span>y B repre<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>ents 51 <span class=\"_ _87\"></span>% of the shar<span class=\"_ _92\"></span>e capital, authentic<span class=\"_ _92\"></span>ated by an interim certific<span class=\"_ _92\"></span>ate deposited with the F<span class=\"_ _92\"></span>ederal Minis<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ry of Finance and made o<span class=\"_ _92\"></span>ut in the name of the Republic of A<span class=\"_ _92\"></span>ustria. The share capital was paid in full.<span class=\"_ _333\"> </span>The amount of \u20ac954.3m (previous year: \u20ac954.3m), whic<span class=\"ls83 ws1c0\">h repr<span class=\"_ _92\"></span>esents the portion of the reserves not </span>established fr<span class=\"_ _92\"></span>om the profit for the period in pr<span class=\"_ _92\"></span>evio<span class=\"ls9a ws229\">us reporting periods, is r<span class=\"_ _92\"></span>ecognised under capital </span>reserves<span class=\"_ _333\"> </span>Retained earnings co<span class=\"_ _92\"></span>mprise the retained pr<span class=\"_ _92\"></span>ofits and the effects on equity attributable t<span class=\"_ _92\"></span>o the share<span class=\"_ _0\"></span>holders of VERBUND <span class=\"_ _92\"></span>AG fr<span class=\"_ _92\"></span>om the shift between shareho<span class=\"_ _92\"></span>lder groups. Of the r<span class=\"_ _92\"></span>etained earnings<span class=\"_ _92\"></span>, the amount th<span class=\"_ _92\"></span>at can be distributed to the shareh<span class=\"_ _92\"></span>olders of VERBUND <span class=\"_ _14\"></span>AG is the item presen<span class=\"_ _92\"></span>ted <span class=\"_ _43\"></span>as profit for the period in the (separat<span class=\"_ _92\"></span>e) annual financial st<span class=\"ls0 ws7b1\">atements of VERBUND <span class=\"_ _88\"></span>AG as at 31 <span class=\"_ _85\"></span>December 2022 <span class=\"_ _88\"></span> </span>that ar<span class=\"_ _92\"></span>e prepared<span class=\"_ _92\"></span> in accordance with the Aus<span class=\"_ _92\"></span>trian Commercial Code (Unt<span class=\"_ _92\"></span>ernehmensgesetzbuch, UGB). <span class=\"_ _92\"></span> The profit for the 2022 financial yea<span class=\"ls9c wsb95\">r that had<span class=\"_ _92\"></span> not yet been approved<span class=\"ls70 wsa5f\"> amount<span class=\"_ _92\"></span>ed to \u20ac1,250.7m (previous </span></span>year<span class=\"_ _43\"></span>: \u20ac364.8m). A dividend distribu<span class=\"ls80 ws2a0\">tion of <span>\u20ac3.60</span> per share (previous year: \u20ac1.05 per share) <span class=\"_ _80\"></span>\u2013 including </span>\u20ac1.16 special dividend per shar<span class=\"_ _92\"></span>e (previous year: \u20ac0.0 per share) <span class=\"_ _85\"></span>\u2013 will be proposed to the Ann<span class=\"_ _92\"></span>ual General Meetin<span class=\"_ _92\"></span>g. The rese<span class=\"_ _92\"></span>r<span class=\"_ _43\"></span>ve for differences fr<span class=\"_ _92\"></span>om currency translatio<span class=\"_ _92\"></span>n includes primarily the curr<span class=\"_ _92\"></span>enc<span class=\"_ _43\"></span>y translatio<span class=\"_ _92\"></span>n of the consolidated Romanian subsi<span class=\"_ _43\"></span>diary<span class=\"_ _43\"></span> VERBUND Wind Power Romania SRL.<span class=\"_ _333\"> </span>Non-cont<span class=\"_ _43\"></span>rolling in<span class=\"_ _43\"></span>terests <span class=\"_ _20f\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _54\"> </span><span class=\"ls134 wsb1b\">in<span class=\"_ _43\"></span> % </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Gas Connect Austria GmbH <span class=\"_ _e9\"> </span><span class=\"fc4 ls0 ws0\">49.00 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">49.00 </span></span>Austrian Gas Grid Managem<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nt AG <span class=\"_ _2cd\"> </span><span class=\"fc4 ls0 ws0\">74.00 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">74.00 </span></span>VERBUND Innkraftwerke GmbH<span class=\"_ _92\"></span> <span class=\"_ _e8\"> </span><span class=\"fc4 ls0 ws0\">29.73 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">29.73 </span></span>VERBUND Hydro P<span class=\"_ _92\"></span>ower GmbH <span class=\"_ _248\"> </span><span class=\"fc4 ls0 ws0\">15.94 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">15.94 </span></span>VERBUND Wind P<span class=\"_ _14\"></span>ower Austria GmbH <span class=\"_ _2ce\"> </span><span class=\"fc4 ls0 ws0\">19.46 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">19.46 </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ayamonte S.L.<span class=\"_ _92\"></span> <span class=\"_ _20f\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.0<span class=\"_ _43\"></span>0 </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _2cf\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.00 </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _20f\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.00 </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _253\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.0<span class=\"_ _43\"></span>0 </span></span>Lusitania Renovables S.L.<span class=\"_ _92\"></span> <span class=\"_ _12d\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls49\">30<span class=\"_ _43\"></span>.00<span class=\"_ _333\"> </span></span></span>Share capital Capital reserves<span class=\"_ _333\"> </span>Retained earni<span class=\"_ _0\"></span>ngs<span class=\"_ _333\"> </span>Reserve for differences from curr<span class=\"_ _92\"></span>ency tra<span class=\"_ _92\"></span>nslation Non-controlling int<span class=\"_ _43\"></span>erests ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "<div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws15e gse06\">The amount of \u20ac954.3m (previous year: \u20ac954.3m), whic<span class=\"ls83 ws1c0\">h repr<span class=\"_ _92\"></span>esents the portion of the reserves not </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws5c7 gse07\">established fr<span class=\"_ _92\"></span>om the profit for the period in pr<span class=\"_ _92\"></span>evio<span class=\"ls9a ws229\">us reporting periods, is r<span class=\"_ _92\"></span>ecognised under capital </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls13a wsab8 gse08\">reserves<span class=\"_ _333\"> </span><span class=\"_ _92\"></span>.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws17d gse0a\">The rese<span class=\"_ _92\"></span>r<span class=\"_ _43\"></span>ve for differences fr<span class=\"_ _92\"></span>om currency translatio<span class=\"_ _92\"></span>n includes primarily the curr<span class=\"_ _92\"></span>enc<span class=\"_ _43\"></span>y translatio<span class=\"_ _92\"></span>n of the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls99 ws369 gse0b\">consolidated Romanian subsi<span class=\"_ _43\"></span>diary<span class=\"_ _43\"></span> VERBUND Wind Power Romania SRL.<span class=\"_ _333\"> </span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "360",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-500": {
   "value": "<div class=\"t m0 hd ff2b fs6 fc0 sc0 ls267 wsb96 gse0d\">Non-cont<span class=\"_ _43\"></span>rolling in<span class=\"_ _43\"></span>terests <span class=\"_ _20f\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _54\"> </span><span class=\"ls134 wsb1b\">in<span class=\"_ _43\"></span> % </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gse0e\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gse0f\">Gas Connect Austria GmbH <span class=\"_ _e9\"> </span><span class=\"fc4 ls0 ws0\">49.00 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">49.00 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gse10\">Austrian Gas Grid Managem<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>nt AG <span class=\"_ _2cd\"> </span><span class=\"fc4 ls0 ws0\">74.00 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">74.00 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gse11\">VERBUND Innkraftwerke GmbH<span class=\"_ _92\"></span> <span class=\"_ _e8\"> </span><span class=\"fc4 ls0 ws0\">29.73 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">29.73 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gse12\">VERBUND Hydro P<span class=\"_ _92\"></span>ower GmbH <span class=\"_ _248\"> </span><span class=\"fc4 ls0 ws0\">15.94 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">15.94 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gse13\">VERBUND Wind P<span class=\"_ _14\"></span>ower Austria GmbH <span class=\"_ _2ce\"> </span><span class=\"fc4 ls0 ws0\">19.46 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">19.46 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gse14\">P<span class=\"_ _92\"></span>arque E\u00f3lico Ayamonte S.L.<span class=\"_ _92\"></span> <span class=\"_ _20f\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.0<span class=\"_ _43\"></span>0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gse15\">P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _2cf\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.00 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gse16\">P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _20f\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.00 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gse17\">P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _253\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">30.0<span class=\"_ _43\"></span>0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gse18\">Lusitania Renovables S.L.<span class=\"_ _92\"></span> <span class=\"_ _12d\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls49\">30<span class=\"_ _43\"></span>.00<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls31 ws0\"><span class=\"ff2f fc0 ls49\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws265 gs1374\">The followin<span class=\"_ _92\"></span>g tables contain condensed fin<span class=\"_ _92\"></span>ancial information for each of the Gr<span class=\"_ _92\"></span>oup<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s subsidiaries with </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 ws340 gs1375\">significant<span class=\"_ _92\"></span>, non-controlling in<span class=\"_ _92\"></span>terests before in<span class=\"_ _92\"></span>tra-Group adjustm<span class=\"_ _92\"></span>ents<span class=\"_ _43\"></span>: </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws851 gs1376\">Subsidiaries with significa<span class=\"_ _92\"></span>nt non-controll<span class=\"lsff ws2fc\">ing interests: statement of comprehensive </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls128 ws0 gs1377\">income </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls0 ws0 gs1378\"> <span class=\"_ _2f7\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs1379\">  <span class=\"_ _c6\"> </span><span class=\"fc4\">  <span class=\"_ _53\"> </span>  <span class=\"_ _6\"> </span><span class=\"ls18\">2021 <span class=\"_ _53\"> </span></span></span><span class=\"ff2c\">  <span class=\"_ _125\"> </span>  <span class=\"_ _7\"> </span><span class=\"ls18\">20<span class=\"_ _92\"></span>22 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs137a\">  <span class=\"_ _7d\"> </span><span class=\"ff2f fc4 ls2b\">VERBUND </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls37 ws0 gs137b\">Hydro </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls156 ws0 gs137c\">Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lscc ws0 gs137d\">GmbH </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls18 ws0 gs137e\">Gas </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs137f\">Connect </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls25 ws0 gs1380\">Austria </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lscc ws0 gs1381\">GmbH </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls2b ws0 gs1382\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls5b ws0 gs1383\">Innkraft- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls14e ws0 gs1384\">wer<span class=\"_ _43\"></span>ke </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lscc ws0 gs1385\">GmbH </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs1386\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs1387\">Hydro </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls156 ws0 gs1388\">Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws0 gs1389\">GmbH </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs138a\">Gas </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs138b\">Connect </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws0 gs138c\">Austria </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws0 gs138d\">GmbH </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs138e\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5b ws0 gs138f\">Innkraft- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls14e ws0 gs1390\">wer<span class=\"_ _43\"></span>ke </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws0 gs1391\">GmbH </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs1392\">Revenue <span class=\"_ _1a0\"> </span><span class=\"fc4\">1,137.9 <span class=\"_ _11\"> </span>141.3 <span class=\"_ _24\"> </span>81.0 <span class=\"_ _22d\"> </span></span><span class=\"ff2f ls18\">2,227.9 <span class=\"_ _5\"> </span>399.<span class=\"_ _92\"></span>4 <span class=\"_ _8\"> </span><span class=\"ls49\">203.6 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs1393\">Profit after tax <span class=\"_ _1eb\"> </span><span class=\"fc4 ls18 ws0\">584.3 <span class=\"_ _b8\"> </span><span class=\"ls31\">1<span class=\"_ _43\"></span>3.3 <span class=\"_ _1b3\"> </span></span>18.3 <span class=\"_ _151\"> </span><span class=\"ff2c fc0\">1,353.9 <span class=\"_ _147\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>23.4 <span class=\"_ _b8\"> </span>99.2 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs1394\">Profit f<span class=\"_ _92\"></span>or the <span class=\"_ _43\"></span>period <span class=\"_ _18e\"> </span><span class=\"fc4 ls18 ws0\">584.3 <span class=\"_ _b8\"> </span><span class=\"ls31\">13.3 <span class=\"_ _1c\"> </span></span>18.<span class=\"_ _92\"></span>3 <span class=\"_ _16d\"> </span><span class=\"ff2c fc0\">1,353.9<span class=\"_ _92\"></span> <span class=\"_ _4d\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>23.4 <span class=\"_ _11c\"> </span>99.2 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1395\">Ownership interest of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs1396\">non-controlling interests <span class=\"_ _f3\"> </span><span class=\"fc4 ls37 ws36\">15.94 % <span class=\"_ _a7\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73 % <span class=\"_ _1e7\"> </span></span><span class=\"ff2f ls18 ws6d6\">15.94 % <span class=\"_ _151\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73 % </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs1397\">Profit f<span class=\"_ _92\"></span>or the <span class=\"_ _43\"></span>period </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws22 gs1398\">attributable to non-<span class=\"_ _333\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws1f gs1399\">controlling interests <span class=\"_ _138\"> </span><span class=\"fc4 ls49 ws0\">93.1 <span class=\"_ _4f\"> </span><span class=\"ls18\">6.5 <span class=\"_ _1c5\"> </span>5.5 <span class=\"_ _4d\"> </span><span class=\"ff2c fc0\">215.8 <span class=\"_ _147\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>11.5 <span class=\"_ _b8\"> </span>29.5 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs139a\">Other comprehensive income  <span class=\"_ _1c\"> </span><span class=\"fc4 ls0 ws0\">32.5 <span class=\"_ _26\"> </span>4.3 <span class=\"_ _26\"> </span>2.1 <span class=\"_ _1b3\"> </span><span class=\"ff2f fc0 ls29\">35<span class=\"_ _43\"></span>.1 <span class=\"_ _4f\"> </span><span class=\"ls31\">5.3 <span class=\"_ _23\"> </span><span class=\"ls18\">11.1 </span></span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs139b\">T<span class=\"_ _14\"></span>otal comprehensive income </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws68 gs139c\">for the period <span class=\"_ _7a\"> </span><span class=\"fc4 ls18 ws0\">616.8 <span class=\"_ _b8\"> </span>17.5 <span class=\"_ _1b3\"> </span>20.4 <span class=\"_ _151\"> </span><span class=\"ff2c fc0\">1,388.9 <span class=\"_ _147\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>18.2 <span class=\"_ _179\"> </span>110.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs139d\">Ownership interest of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs139e\">non-controlling interests </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs139f\">15.94 % <span class=\"_ _a7\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73 % <span class=\"_ _1e7\"> </span><span class=\"ff2f fc0 ls18 ws6d6\">15.94 % <span class=\"_ _1e7\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73 % </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws24 gs13a0\">T<span class=\"_ _14\"></span>otal profit or loss for  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs13a1\">the period attributable to  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs13a2\">non-controlling interests </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls18 ws0 gs13a3\">98.3 <span class=\"_ _4f\"> </span>8.6 <span class=\"_ _4f\"> </span>6.1 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">221.4 <span class=\"_ _6\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>8.9 <span class=\"_ _b8\"> </span>32.8 </span></div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsaf ws58f gs13a5\">Subsidiaries with </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls117 ws1a1 gs13a6\">significant n<span class=\"_ _92\"></span>on-<span class=\"_ _333\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls10e ws464 gs13a7\">controlling interests </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls14c ws55e gs13a9\">Subsidiaries with si<span class=\"_ _92\"></span>gnificant, non-controlling i<span class=\"_ _92\"></span>nterests: balance sheet <span class=\"_ _3a\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs13aa\">  <span class=\"_ _c6\"> </span><span class=\"fc4\">  <span class=\"_ _53\"> </span>  <span class=\"_ _258\"> </span><span class=\"ls159\">31/12/2021 <span class=\"_ _53\"> </span></span></span><span class=\"ff2c\">  <span class=\"_ _53\"> </span>  <span class=\"_ _2e8\"> </span><span class=\"ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs13ab\">  <span class=\"_ _7d\"> </span><span class=\"ff2f fc4 ls2b\">VERBUND </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls37 ws0 gs13ac\">Hydro </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls156 ws0 gs13ad\">Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lscc ws0 gs13ae\">GmbH </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls18 ws0 gs13af\">Gas </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs13b0\">Connect </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls25 ws0 gs13b1\">Austria </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lscc ws0 gs13b2\">GmbH </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls2b ws0 gs13b3\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls5b ws0 gs13b4\">Innkraft- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls14e ws0 gs13b5\">wer<span class=\"_ _43\"></span>ke </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lscc ws0 gs13b6\">GmbH </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs13b7\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs13b8\">Hydro </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls156 ws0 gs13b9\">Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws0 gs13ba\">GmbH </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs13bb\">Gas </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs13bc\">Connect </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws0 gs13bd\">Austria </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws0 gs13be\">GmbH </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs13bf\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5b ws0 gs13c0\">Innkraft- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls14e ws0 gs13c1\">wer<span class=\"_ _43\"></span>ke </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws0 gs13c2\">GmbH </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws259 gs13c3\">Non-current assets <span class=\"_ _bd\"> </span><span class=\"fc4 ls0 ws0\">4,804.4 <span class=\"_ _1f\"> </span>856.0 <span class=\"_ _11\"> </span>915.8 <span class=\"_ _1e2\"> </span><span class=\"ff2f fc0 ls18\">4,963.0 <span class=\"_ _5\"> </span>770.0 <span class=\"_ _11\"> </span><span class=\"ls49\">95<span class=\"_ _43\"></span>3.7 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs13c4\">Current assets <span class=\"_ _e7\"> </span><span class=\"fc4 ls0 ws0\">251.9 <span class=\"_ _24\"> </span>44.1 <span class=\"_ _26\"> </span>2.8 <span class=\"_ _5\"> </span><span class=\"ff2f fc0 ls18\">829.4 <span class=\"_ _5\"> </span>102.2 <span class=\"_ _1c\"> </span>64.8 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs13c5\">Non-current liabilities <span class=\"_ _45\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>2,089.2 <span class=\"_ _182\"> </span>\u2013<span class=\"fsa\"> </span>428.0 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>62.7 <span class=\"_ _1e9\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,905.5 <span class=\"_ _134\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">414.4 <span class=\"_ _21\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">82.1 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs13c6\">Current liabilities <span class=\"_ _209\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>156.6 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>80.2 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>55.6 <span class=\"_ _94\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">185.9 <span class=\"_ _134\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">110.2 <span class=\"_ _21\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls31\">35.8 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws95a gs13c7\">Net assets <span class=\"_ _2d\"> </span><span class=\"fc4 ls18 ws0\">2,810.6 <span class=\"_ _5\"> </span>391.<span class=\"_ _92\"></span>8 <span class=\"_ _5\"> </span>800.3 <span class=\"_ _151\"> </span><span class=\"ff2c fc0\">3,701.0 <span class=\"_ _4d\"> </span>347.5 <span class=\"_ _179\"> </span>900.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs13c8\">Ownership interest of  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs13c9\">non-controlling interests <span class=\"_ _f3\"> </span><span class=\"fc4 ls37 ws36\">15.94 % <span class=\"_ _a7\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73 % <span class=\"_ _1e7\"> </span></span><span class=\"ff2f ls18 ws6d6\">15.94 % <span class=\"_ _151\"> </span>49.00 % <span class=\"_ _a7\"> </span>29.73<span class=\"_ _92\"></span> % </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws91c gs13ca\">Net assets attributab<span class=\"_ _92\"></span>le to </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs13cb\">non-controlling interests <span class=\"_ _53\"> </span><span class=\"fc4 ls18 ws0\">448.0 <span class=\"_ _5\"> </span>192.<span class=\"_ _92\"></span>0 <span class=\"_ _5\"> </span>238.0 <span class=\"_ _190\"> </span><span class=\"ff2c fc0\">589.9 <span class=\"_ _4d\"> </span>170.3 <span class=\"_ _191\"> </span>267.8 </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf7 ws74c gs13cc\">Subsidiaries with significa<span class=\"_ _92\"></span>nt, non-<span class=\"ls44 ws5ef\">controlling inter<span class=\"_ _92\"></span>ests: cash flows<span class=\"_ _92\"></span>  <span class=\"_ _2f\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs13cd\">  <span class=\"_ _c6\"> </span><span class=\"fc4\">  <span class=\"_ _53\"> </span>  <span class=\"_ _258\"> </span><span class=\"ls159\">31/12/2021 <span class=\"_ _53\"> </span></span></span><span class=\"ff2c\">  <span class=\"_ _53\"> </span>  <span class=\"_ _2e8\"> </span><span class=\"ls1eb\">31/12<span class=\"_ _43\"></span>/2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs13ce\">  <span class=\"_ _7d\"> </span><span class=\"ff2f fc4 ls2b\">VERBUND </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls37 ws0 gs13cf\">Hydro </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls156 ws0 gs13d0\">Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lscc ws0 gs13d1\">GmbH </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls18 ws0 gs13d2\">Gas </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs13d3\">Connect </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls25 ws0 gs13d4\">Austria </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lscc ws0 gs13d5\">GmbH </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls2b ws0 gs13d6\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls5b ws0 gs13d7\">Innkraft- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls14e ws0 gs13d8\">wer<span class=\"_ _43\"></span>ke </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lscc ws0 gs13d9\">GmbH </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs13da\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs13db\">Hydro </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls156 ws0 gs13dc\">Pow<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws0 gs13dd\">GmbH </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls18 ws0 gs13de\">Gas </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs13df\">Connect </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls25 ws0 gs13e0\">Austria </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws0 gs13e1\">GmbH </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2b ws0 gs13e2\">VERBUND </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5b ws0 gs13e3\">Innkraft- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls14e ws0 gs13e4\">wer<span class=\"_ _43\"></span>ke </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lscc ws0 gs13e5\">GmbH </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs13e6\">Cash flow from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs13e7\">operating activities <span class=\"_ _110\"> </span><span class=\"fc4 ls0 ws0\">738.0 <span class=\"_ _1c\"> </span>68.0 <span class=\"_ _24\"> </span>49.0 <span class=\"_ _1e2\"> </span><span class=\"ff2f fc0 ls18\">1,480.7 <span class=\"_ _5\"> </span>131.4 <span class=\"_ _11\"> </span>166.3 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs13e8\">Cash flow from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws43 gs13e9\">investing activities </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs13ea\">\u2013<span class=\"fsa\"> </span>188.8 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>28.4 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>80.0 <span class=\"_ _94\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">285.9 <span class=\"_ _179\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">57.4 <span class=\"_ _5\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">70.1 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs13eb\">Cash flow from  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws2a gs13ec\">financing activities <span class=\"_ _97\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>549.2 <span class=\"_ _5\"> </span>\u2013<span class=\"fsa\"> </span>39.6 <span class=\"_ _24\"> </span>31.0 <span class=\"_ _1e9\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,194.7 <span class=\"_ _179\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">52.4 <span class=\"_ _21\"> </span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls18\">96.2 </span></span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls27 ws31c gs13ed\">Change in cash and  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs13ee\">cash equivalents <span class=\"_ _181\"> </span><span class=\"fc4 ls18 ws0\">0.0 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _1d1\"> </span><span class=\"ff2c fc0\">0.0 <span class=\"_ _39\"> </span>21.6 <span class=\"_ _4f\"> </span>0.0 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls20 ws25 gs13ef\">Dividends paid to  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws1b gs13f0\">non-controlling interests <span class=\"_ _9d\"> </span><span class=\"fc4 ls18 ws0\">55.8 <span class=\"_ _4f\"> </span>0.0 <span class=\"_ _4f\"> </span><span class=\"ls31\">3.0<span class=\"_ _43\"></span> <span class=\"_ _1cd\"> </span></span><span class=\"ff2c fc0\">97.3 <span class=\"_ _2d4\"> </span>12.3 <span class=\"_ _4f\"> </span>3.0 </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws1d6 gs13f1\">There is <span class=\"_ _92\"></span>a shareholder a<span class=\"_ _92\"></span>greement at V<span class=\"_ _92\"></span>ERBUND Innkraftwerk<span class=\"_ _92\"></span>e GmbH that specifies t<span class=\"_ _92\"></span>hat the entir<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls95 wsb14 gs13f2\">profit for<span class=\"_ _0\"></span> the year is to be a<span class=\"_ _92\"></span>pproved as net pr<span class=\"_ _92\"></span>ofit<span class=\"ls7d ws5c0\"> for the period and distri<span class=\"ls28 ws304\">buted to th<span class=\"_ _43\"></span>e shareholders </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws145 gs13f3\">except in the follo<span class=\"_ _92\"></span>wing cases<span class=\"_ _43\"></span>: </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs13f4\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls98 wsc6\">The shareholders agree unanimously to a different payout ratio<span class=\"_ _92\"></span>. </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs13f5\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls83 ws45\">The distribution of the en<span class=\"_ _92\"></span>tire pr<span class=\"_ _92\"></span>ofit violates statutory pro<span class=\"_ _92\"></span>visions. </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs13f6\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls67 ws46e\">The equity as a<span class=\"_ _92\"></span> percentage of<span class=\"_ _92\"></span> assets will fall below 25 <span class=\"_ _14\"></span>% at<span class=\"_ _92\"></span> the respective r<span class=\"_ _92\"></span>eporting date if the en<span class=\"_ _92\"></span>tire </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls79 ws190 gs13f7\">profit is distributed. </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs13f8\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 lsa2 ws145\">There ar<span class=\"_ _92\"></span>e insufficient cash and <span class=\"_ _92\"></span>cash equivalents a<span class=\"_ _92\"></span>vailable to distribute the enti<span class=\"_ _92\"></span>re profit<span class=\"_ _92\"></span>. </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs13f9\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls82 wsbf6\">A distribution of the en<span class=\"_ _92\"></span>tire profit wo<span class=\"_ _92\"></span>uld not leave enou<span class=\"_ _92\"></span>gh cash and cash equivalen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s for appr<span class=\"_ _92\"></span>oved </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws7fd gs13fa\">capital expendit<span class=\"_ _92\"></span>ure, main<span class=\"_ _92\"></span>tenance and restructuring meas<span class=\"_ _92\"></span>ures and/or actions that m<span class=\"_ _92\"></span>ust be taken due </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs13fb\">to for<span class=\"_ _92\"></span>ce majeure<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> or reserves ar<span class=\"_ _92\"></span>e to be recognised for the r<span class=\"_ _92\"></span>eversal of impairment los<span class=\"_ _92\"></span>ses. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "<div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsf8 ws37d gse1a\">Share capital </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws5a9 gse00\">J<span class=\"_ _92\"></span>ust as in the previous year<span class=\"_ _14\"></span>, the share capital c<span class=\"_ _92\"></span>o<span class=\"ls78\">mprised 170,233,686 no-par value <span class=\"ls82 ws2c0\">shares in the form of </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls0 wsb91 gse01\">bearer shar<span class=\"_ _92\"></span>es (category A) and 177,182,000 no-par valu<span class=\"ls83 wsb92\">e shares in the f<span class=\"_ _92\"></span>orm <span class=\"ls71 wsa8\">of registered shares </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws1d6 gse02\">(c<span class=\"_ _92\"></span>ategor<span class=\"_ _43\"></span>y B). Cat<span class=\"_ _92\"></span>egor<span class=\"_ _43\"></span>y B repre<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span>ents 51 <span class=\"_ _87\"></span>% of the shar<span class=\"_ _92\"></span>e capital, authentic<span class=\"_ _92\"></span>ated by an interim certific<span class=\"_ _92\"></span>ate </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws4db gse03\">deposited with the F<span class=\"_ _92\"></span>ederal Minis<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ry of Finance and made o<span class=\"_ _92\"></span>ut in the name of the Republic of A<span class=\"_ _92\"></span>ustria. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9c ws33f gse04\">The share capital was paid in full.<span class=\"_ _333\"> </span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gse1c\">8.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba\">Liabilities </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls97 ws872 gse1d\">The notes in this s<span class=\"_ _43\"></span>ection relate to non-current and current financial liabilities as we<span class=\"_ _43\"></span>ll as non-current </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 ws92 gse1e\">other liabilities. Details reg<span class=\"_ _92\"></span>arding trade payables an<span class=\"ls78 ws421\">d curr<span class=\"_ _92\"></span>ent other liabilities are pr<span class=\"_ _92\"></span>ovided in section <span class=\"_ _14\"></span>6 </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gse1f\">W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital.<span class=\"_ _333\"> </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1f2 ws0 gse20\">8.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 ws309\">Financial liabilities<span class=\"_ _333\"> </span></span><span class=\"ls101 ws309\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 ws84 gse21\">Financial liabilities ar<span class=\"_ _92\"></span>e recognised at fair value when<span class=\"lsa8 ws78b\"> the funds are pro<span class=\"_ _92\"></span>vide<span class=\"_ _43\"></span>d. As a rule, this<span class=\"_ _43\"></span> corresponds </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws1dd gse22\">to the amoun<span class=\"_ _92\"></span>t actually received. Any pr<span class=\"_ _92\"></span>emiums or discounts ar<span class=\"_ _92\"></span>e allocated over th<span class=\"_ _92\"></span>e financing term by </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws81 gse23\">applying the effective in<span class=\"_ _92\"></span>terest method and pr<span class=\"_ _92\"></span>esented on an accrual basis in inter<span class=\"_ _92\"></span>est expenses. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls99 ws498 gse24\">Individual financial liabilities originally incur<span class=\"_ _43\"></span>red in connection with<span class=\"_ _43\"></span> cross-border leasing transactions </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 wsc1 gse25\">were classified at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue throug<span class=\"ls9c ws598\">h pr<span class=\"_ _92\"></span>ofit or loss up<span class=\"_ _43\"></span>on initial recogn<span class=\"ls26 ws4d7\">ition using the fair<span class=\"_ _92\"></span> value option. <span class=\"_ _80\"></span> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws45 gse26\">As a result<span class=\"_ _92\"></span>, measurement in<span class=\"_ _92\"></span>consistencies that would ha<span class=\"_ _92\"></span>ve otherwise arisen could be eliminated. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls72 wsb97 gse27\">The closed items on the balance<span class=\"_ _43\"></span> sheet reported under financial liabilit<span class=\"_ _43\"></span>ies as well as under </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 ws4f8 gse28\">investments r<span class=\"_ _92\"></span>elate to the cross-bo<span class=\"ls71\">r<span class=\"_ _92\"></span>der leasing transactions that we<span class=\"ls7a ws86\">re terminated early in 2009 and 2010. </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws9f7 gse29\">Some of the tr<span class=\"_ _92\"></span>ansactions wer<span class=\"_ _92\"></span>e terminated in their en<span class=\"_ _92\"></span>tirety, i.e<span class=\"_ _92\"></span>. all investments an<span class=\"_ _92\"></span>d all liabilities (A-loans </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws9f7 gse2a\">and B-loans) wer<span class=\"_ _92\"></span>e repaid. Some of the tr<span class=\"_ _92\"></span>ansactions were onl<span class=\"_ _92\"></span>y <span class=\"_ _43\"></span>partially terminat<span class=\"_ _92\"></span>ed, whereby the existin<span class=\"_ _92\"></span>g </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws7fd gse2b\">B-loans and the corr<span class=\"_ _92\"></span>esponding investment<span class=\"_ _92\"></span>s were continued. Ther<span class=\"_ _92\"></span>efore, balan<span class=\"_ _92\"></span>ce sheet cover r<span class=\"_ _92\"></span>emains in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws965 gse2c\">place. Th<span class=\"_ _92\"></span>e accounting balances denomin<span class=\"_ _92\"></span>ated in foreign curr<span class=\"_ _92\"></span>ency<span class=\"_ _43\"></span> (US dollar) ar<span class=\"_ _92\"></span>e measured at the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb1 ws409 gse2d\">exchange<span class=\"_ _92\"></span> rate pr<span class=\"_ _92\"></span>evailing at the <span class=\"_ _92\"></span>reporting date<span class=\"_ _92\"></span>. Expenses and income fr<span class=\"_ _92\"></span>om the measur<span class=\"_ _92\"></span>ement corres<span class=\"_ _92\"></span>pond </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsb98 gse2e\">to one ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her both in terms<span class=\"_ _92\"></span> of value as well as with r<span class=\"_ _92\"></span>espect to the val<span class=\"_ _92\"></span>ue date and are offset<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 wsef gse2f\">The financial in<span class=\"_ _92\"></span>vestments and liabilities r<span class=\"_ _92\"></span>esulting from the cr<span class=\"_ _92\"></span>oss-border leasing tr<span class=\"_ _92\"></span>ansactions that wer<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a wsb99 gse30\">terminat<span class=\"_ _92\"></span>ed early continue to be pr<span class=\"_ _92\"></span>esented separately in the not<span class=\"_ _92\"></span>es to the consolidated financial </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws863 gse31\">statemen<span class=\"_ _92\"></span>ts in order to impr<span class=\"_ _92\"></span>ove clarity; with the ex<span class=\"_ _92\"></span>ception of the valuation<span class=\"_ _92\"></span> allowances recognised fo<span class=\"_ _92\"></span>r </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsc9 gse32\">expected credit <span class=\"_ _92\"></span>losses, all items ar<span class=\"_ _92\"></span>e closed on the balance sheet <span class=\"_ _92\"></span>(see section 11 Risk manageme<span class=\"_ _92\"></span>nt).<span class=\"_ _333\"> </span></div>Non-current an<span class=\"_ _92\"></span>d current financial liabilities<span class=\"_ _92\"></span>  <span class=\"_ _e1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span>Bonds <span class=\"_ _1ce\"> </span><span class=\"fc4 ls0\">986.5 <span class=\"_ _66\"> </span></span><span class=\"ff2f ls18\">1,139.0 <span class=\"_ _24c\"> </span></span><span class=\"fc4 ls0\">4.1 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls18\">12.0 </span>Financial liabilit<span class=\"lscc ws25e\">ies to banks <span class=\"_ _112\"> </span><span class=\"fc4 ls0 ws0\">253.4 <span class=\"_ _66\"> </span><span class=\"ff2f fc0 ls18\">1,032.9<span class=\"_ _92\"></span> <span class=\"_ _132\"> </span><span class=\"ff2a fc4 ls0\">1,458.3 <span class=\"_ _132\"> </span></span>1,096.6 </span></span></span>Financial liabilit<span class=\"lscc ws25e\">ies to others <span class=\"_ _13a\"> </span><span class=\"fc4 ls0 ws0\">147.0 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">174.5 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.7 </span></span></span>Capital shares attributable to  limited partners <span class=\"_ _3e\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _16e\"> </span><span class=\"ff2f fc0 ls31\">7<span class=\"_ _43\"></span>.3 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Put liability <span class=\"_ _118\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">52.1 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Subtotal <span class=\"_ _95\"> </span><span class=\"fc4 ls18\">1,386.<span class=\"_ _92\"></span>9 <span class=\"_ _119\"> </span><span class=\"ff2c fc0\">2,405.7 <span class=\"_ _4b\"> </span></span>1,462.5 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,109.3 </span></span>Financial liabilitie<span class=\"ls20 ws21\">s to banks \u2013  </span>closed items on the b<span class=\"_ _43\"></span>alance sheet <span class=\"_ _9e\"> </span><span class=\"fc4 ls0 ws0\">447.2 <span class=\"_ _3\"> </span><span class=\"fc0\">438.9 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _61\"> </span><span class=\"fc0\">0.0 </span></span>Non-current and current  financial liabilities <span class=\"_ _1cf\"> </span><span class=\"fc4 ls18 ws0\">1,834.<span class=\"_ _92\"></span>1 <span class=\"_ _66\"> </span><span class=\"fc0\">2,844.6 <span class=\"_ _66\"> </span></span>1,462.<span class=\"_ _92\"></span>5 <span class=\"_ _132\"> </span><span class=\"fc0\">1,109.3</span></span><span class=\"fc4 ls18 ws0\"><span class=\"fc0\"> </span></span>Non-current an<span class=\"_ _92\"></span>d current financial liabilities<span class=\"_ _333\"> </span>1 <span class=\"_ _15\"> </span><span class=\"ff2a fs7\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Carrying amount as at 1/1 <span class=\"_ _292\"> </span><span class=\"fc4 ls0 ws0\">858.5 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">2,849.4 </span></span>Borrowings <span class=\"_ _150\"> </span><span class=\"fc4 ls0\">489.1 <span class=\"_ _3\"> </span></span><span class=\"ff2f ls18\">559.5 </span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _1c1\"> </span><span class=\"fc4 ls0 ws0\">147.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">461.0 </span></span>Net change in money mark<span class=\"_ _92\"></span>et transactions <span class=\"_ _c0\"> </span><span class=\"fc4 ls0 ws0\">1,380.2 <span class=\"_ _59\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">380<span class=\"_ _43\"></span>.3 </span></span></span>Change in put liability <span class=\"_ _224\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">52.1 </span></span>Changes in capital shares attr<span class=\"ls0 ws0\">ibu<span class=\"_ _0\"></span>table to limited partners <span class=\"_ _75\"> </span><span class=\"fc4\">0.1 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls31\">7<span class=\"_ _43\"></span>.3 </span></span>Changes in interest accruals <span class=\"_ _d1\"> </span><span class=\"fc4 ls0 ws0\">4.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">7.6 </span></span>Scheduled repayments <span class=\"_ _232\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>30.1 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">41.<span class=\"_ _92\"></span>5 </span></span></span>Carrying amount as at 31/12 <span class=\"_ _248\"> </span><span class=\"fc4 ls18 ws0\">2,849.4 <span class=\"_ _132\"> </span><span class=\"fc0\">3,515.0<span class=\"_ _92\"></span> </span></span>of which non-c<span class=\"ls62 ws64\">urrent liabilities <span class=\"_ _e0\"> </span></span><span class=\"fc4\">1,386.9 <span class=\"_ _aa\"> </span></span>2,405.7 of which current liabilities <span class=\"_ _26a\"> </span><span class=\"fc4 ls0 ws0\">1,462.5 <span class=\"_ _aa\"> </span><span class=\"fc0\">1,109.3 </span></span>1 excl. finan<span class=\"_ _43\"></span>cial liabilit<span class=\"_ _43\"></span>ies from cl<span class=\"_ _43\"></span>osed items<span class=\"_ _43\"></span> on the ba<span class=\"_ _43\"></span>lance sheet<span class=\"_ _43\"></span>  Fina<span class=\"_ _92\"></span>ncial liabilities \u2013 closed<span class=\"lsfb wsb8\"> items on <span class=\"_ _92\"></span>th<span class=\"_ _43\"></span>e balance sheet <span class=\"_ _4e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Carrying amount as at 1/1 <span class=\"_ _292\"> </span><span class=\"fc4 ls0 ws0\">427.7 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">447.2 </span></span>Foreign e<span class=\"_ _92\"></span>xchange gains or losses <span class=\"_ _298\"> </span><span class=\"fc4 ls0 ws0\">22.9 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">19.7 </span></span>Capitalisation <span class=\"_ _201\"> </span><span class=\"fc4 ls0\">30.9 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls29\">31.5 </span>Repayments and<span class=\"_ _92\"></span>/or disposals <span class=\"_ _c2\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>16.9 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">20.8 </span></span></span>Market value cha<span class=\"_ _92\"></span>nges <span class=\"_ _1f8\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>17.4 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">38.8 </span></span></span>Carrying amount as at 31/12 <span class=\"_ _299\"> </span><span class=\"fc4 ls18 ws0\">447.<span class=\"_ _0\"></span>2 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">438.9 </span></span>of which non-c<span class=\"ls62 ws64\">urrent liabilities <span class=\"_ _298\"> </span></span><span class=\"fc4\">447.2 <span class=\"_ _3\"> </span></span><span class=\"ff2f ls18\">438.9 </span>VERBUND had no mortg<span class=\"_ _92\"></span>age-backed liabilities as at<span class=\"lsab ws21f\"> 31 December 2022 or in the previous year<span class=\"_ _14\"></span>. </span><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gse43\">8.1.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls58 ws802 gse44\">Non-current and </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsc7 ws4dd gse45\">curr<span class=\"_ _92\"></span>ent financial </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lscf ws0 gse46\">liabilities </div>Non-current and current fi<span class=\"lsc4 ws2b2\">nancial liab<span class=\"_ _92\"></span>ilities 2022  <span class=\"_ _2d0\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _2\"> </span>  </span></span>Longest maturity Issue volume Carrying amount  as at 31/12 1 year or less Bonds <span class=\"_ _e9\"> </span><span class=\"ls31\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _5f\"> </span>  </span>Euro currency <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _94\"> </span>1,203.0 <span class=\"_ _94\"> </span>1,151.0 <span class=\"_ _23\"> </span>12.0 <span class=\"_ _5f\"> </span>  </span>T<span class=\"_ _14\"></span>otal bonds <span class=\"_ _103\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _1e5\"> </span><span class=\"ls18\">1,151.0 <span class=\"_ _1c\"> </span>12.0 <span class=\"_ _127\"> </span></span>  </span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _94\"> </span>1,203.0 <span class=\"_ _94\"> </span>1,151.0 <span class=\"_ _23\"> </span>12.0 <span class=\"_ _5f\"> </span>  </span>Financial liabilities to banks <span class=\"_ _d0\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _159\"> </span>  </span>Euro currency <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _94\"> </span>2,470.8 <span class=\"_ _94\"> </span>2,129.5 <span class=\"_ _94\"> </span>1,096.6 <span class=\"_ _159\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to banks <span class=\"_ _266\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _1e5\"> </span><span class=\"ls18\">2,129.5 <span class=\"_ _5d\"> </span>1,096.6 <span class=\"_ _5f\"> </span></span>  </span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2037 <span class=\"_ _8\"> </span>490.0 <span class=\"_ _1f\"> </span>236.3 <span class=\"_ _23\"> </span>24.2 <span class=\"_ _159\"> </span>  </span>of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _3a\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _94\"> </span>1,980.8 <span class=\"_ _94\"> </span>1,893.2 <span class=\"_ _94\"> </span>1,072.4 <span class=\"_ _5f\"> </span>  </span>Financial liabilities to others <span class=\"_ _a1\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _16a\"> </span>  <span class=\"_ _5f\"> </span>  </span>Euro currency <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _8\"> </span>174.5 <span class=\"_ _1f\"> </span>175.1 <span class=\"_ _4b\"> </span>0.7 <span class=\"_ _159\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to others <span class=\"_ _1b1\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _2\"> </span>  <span class=\"_ _11\"> </span><span class=\"ls18\">175.1<span class=\"_ _92\"></span> <span class=\"_ _2c\"> </span>0.7 <span class=\"_ _127\"> </span><span class=\"ls31\">  </span></span></span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2040 <span class=\"_ _23\"> </span>15.1 <span class=\"_ _23\"> </span>15.6 <span class=\"_ _2c\"> </span>0.5 <span class=\"_ _159\"> </span>  </span>of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _3a\"> </span><span class=\"ls0 ws0\">2024 <span class=\"_ _8\"> </span>159.4 <span class=\"_ _1f\"> </span>159.5 <span class=\"_ _4b\"> </span>0.1 <span class=\"_ _5f\"> </span>  </span>Financial liabilities to banks \u2013  closed items on the balance sheet<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>Foreign curr<span class=\"_ _92\"></span>encies ($) <span class=\"_ _15\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _16a\"> </span>  <span class=\"_ _8\"> </span>438.9 <span class=\"_ _16a\"> </span>  <span class=\"_ _159\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to banks \u2013  closed items on the balance sheet <span class=\"_ _2b5\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _11\"> </span><span class=\"ls18\">438.9 <span class=\"_ _3\"> </span></span>  <span class=\"_ _5f\"> </span>  </span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _6d\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _16a\"> </span>  <span class=\"_ _8\"> </span>438.9 <span class=\"_ _16a\"> </span>  <span class=\"_ _159\"> </span>  </span>Capital shares attrib<span class=\"_ _92\"></span>utab<span class=\"lsca ws30\">le to limited partners <span class=\"_ _236\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _2c\"> </span>7.3 <span class=\"_ _16a\"> </span>  <span class=\"_ _5f\"> </span>  </span></span>Put liability <span class=\"_ _20d\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls18\">52.1 <span class=\"_ _3\"> </span></span>  <span class=\"_ _159\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities <span class=\"_ _1c3\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _3\"> </span>  <span class=\"_ _1e5\"> </span><span class=\"ls38\">3,9<span class=\"_ _43\"></span>53.9 <span class=\"_ _1e5\"> </span><span class=\"ls18\">1,109.3 <span class=\"_ _5f\"> </span></span></span>  </span>1 There is balan<span class=\"_ _43\"></span>ce sheet c<span class=\"_ _43\"></span>over on the asset<span class=\"_ _43\"></span> side for th<span class=\"_ _43\"></span>ese financi<span class=\"_ _43\"></span>al liabiliti<span class=\"_ _43\"></span>es.<span class=\"_ _333\"> </span>\u20acm \u203a 1 to 2 years<span class=\"_ _43\"></span> \u203a 2 to 3 years<span class=\"_ _43\"></span> \u203a 3 to 4 years<span class=\"_ _43\"></span> \u203a 4 to 5 years<span class=\"_ _43\"></span> \u203a 5 year<span class=\"_ _92\"></span>s Weighted nominal interest rate Weighted effectiv<span class=\"_ _92\"></span>e interest rate Fair value  as at 31/12  <span class=\"_ _b8\"> </span>512.1 13.6 12.9 12.4 <span class=\"_ _8e\"></span>588.0 <span class=\"_ _2d2\"></span>1.29 <span class=\"_ _2d3\"></span>% <span class=\"_ _2d2\"></span>1.34 <span class=\"_ _2d3\"></span>% <span class=\"_ _86\"></span>956.5  <span class=\"_ _d5\"> </span><span class=\"ls18\">512.1 <span class=\"_ _23\"> </span><span class=\"ls49\">13.6 <span class=\"_ _fd\"> </span></span>12.9 <span class=\"_ _23\"> </span>12.4 <span class=\"_ _1f\"> </span>588.0 <span class=\"_ _37\"> </span><span class=\"ws6d6\">1.29 % <span class=\"_ _41\"> </span><span class=\"ls159 ws850\">1.34 % <span class=\"_ _2d4\"> </span></span></span>956.5 </span> <span class=\"_ _b5\"> </span>512.1 <span class=\"_ _68\"> </span>13.6 <span class=\"_ _68\"> </span>12.9 <span class=\"_ _68\"> </span>12.4 <span class=\"_ _6\"> </span>588.0 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">1.29 % <span class=\"_ _147\"> </span>1.34 % <span class=\"_ _1cd\"> </span></span>956.5  <span class=\"_ _aa\"> </span>61.4 313.3 <span class=\"_ _174\"> </span>31.7 252.9 373.6 <span class=\"_ _8b\"></span>2.30 <span class=\"_ _2d5\"></span>% <span class=\"_ _8b\"></span>3.00 <span class=\"_ _2d5\"></span>% <span class=\"_ _db\"></span>2,143.2  <span class=\"_ _19f\"> </span><span class=\"ls18\">61.4 <span class=\"_ _8\"> </span><span class=\"ls31\">313.3 <span class=\"_ _23\"> </span><span class=\"ls29\">31.7 <span class=\"_ _8\"> </span></span></span>252.9 <span class=\"_ _8\"> </span><span class=\"ls31\">373.6 <span class=\"_ _37\"> </span><span class=\"ls159 ws850\">2.30 % <span class=\"_ _41\"> </span></span></span><span class=\"ws6d6\">3.00 % <span class=\"_ _182\"> </span></span>2,143.2 </span> <span class=\"_ _16f\"> </span>22.6 <span class=\"_ _68\"> </span>17.6 <span class=\"_ _66\"> </span>9.8 <span class=\"_ _4a\"> </span>7.0 <span class=\"_ _7\"> </span>155.0 <span class=\"_ _147\"> </span>2.55 % <span class=\"_ _185\"> </span>2.68 % <span class=\"_ _1cd\"> </span>222.8  <span class=\"_ _aa\"> </span>38.8 295.7 <span class=\"_ _174\"> </span>21.9 245.9 218.6 <span class=\"_ _8b\"></span>2.16 <span class=\"_ _2d5\"></span>% <span class=\"_ _8b\"></span>3.33 <span class=\"_ _2d5\"></span>% <span class=\"_ _db\"></span>1,920.4  <span class=\"_ _b8\"> </span>147.0 <span class=\"_ _174\"> </span>0.0 <span class=\"_ _174\"> </span>0.0 12.4 15.1 <span class=\"_ _2d2\"></span>3.91 <span class=\"_ _1b4\"></span>% <span class=\"_ _2d2\"></span>3.17 <span class=\"_ _2d3\"></span>% <span class=\"_ _86\"></span>180.3  <span class=\"_ _d5\"> </span><span class=\"ls18\">147.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _23\"> </span>12.4 <span class=\"_ _23\"> </span>15.1 <span class=\"_ _127\"> </span><span class=\"ls31\">  <span class=\"_ _127\"> </span>  <span class=\"_ _2d4\"> </span></span>180.3 </span> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>15.1 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">7.00 % <span class=\"_ _147\"> </span>7.21 % <span class=\"_ _10d\"> </span></span>19.1  <span class=\"_ _5\"> </span>147.0 0.0 0.0 <span class=\"_ _8e\"></span>12.4 0.0 <span class=\"_ _2d6\"></span>3.61 <span class=\"_ _2d7\"></span>% <span class=\"_ _2d6\"></span>2.34 <span class=\"_ _2d7\"></span>% <span class=\"_ _c8\"></span>161.1  <span class=\"_ _1ad\"> </span>  <span class=\"_ _68\"> </span>92.9 <span class=\"_ _7\"> </span>294.0 <span class=\"_ _68\"> </span>30.3 <span class=\"_ _68\"> </span>21.7 <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _1cd\"> </span>452.5   <span class=\"_ _23\"> </span><span class=\"ls18\">92.9 <span class=\"_ _8\"> </span>294.0<span class=\"_ _92\"></span> <span class=\"_ _fd\"> </span><span class=\"ls31\">30.3 <span class=\"_ _fd\"> </span></span>21.7 <span class=\"_ _2\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _2d4\"> </span></span>452.5 </span> <span class=\"_ _1a\"> </span> <span class=\"_ _2d3\"></span> 92.9 <span class=\"_ _8e\"></span>294.0 30.3 21.7 <span class=\"_ _184\"> </span> <span class=\"_ _2d3\"></span> <span class=\"_ _184\"> </span> <span class=\"_ _2d3\"></span> <span class=\"_ _86\"></span>452.5  <span class=\"_ _2af\"> </span><span class=\"ls31\">7<span class=\"_ _43\"></span>.3 <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _45\"> </span>  </span>52.1 <span class=\"_ _127\"> </span><span class=\"ls31\">  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _45\"> </span>  </span> <span class=\"_ _d5\"> </span><span class=\"ls18\">779.9 <span class=\"_ _8\"> </span>419.<span class=\"_ _92\"></span>8 <span class=\"_ _8\"> </span><span class=\"ls31\">338.6 <span class=\"_ _8\"> </span></span>308.0 <span class=\"_ _1f\"> </span>998.3 <span class=\"_ _127\"> </span></span>Non-current and current fi<span class=\"lsc4 ws2b2\">nancial liab<span class=\"_ _92\"></span>ilities 2021 </span>  <span class=\"_ _26c\"> </span><span class=\"ff2f ls1d\">Longest </span>maturity  Issue volume Carrying amount as at 31/12 1 year or less Bonds <span class=\"_ _ee\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span>Euro currency <span class=\"_ _98\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _1e8\"> </span>1,000.0 <span class=\"_ _7\"> </span>990.6 <span class=\"_ _4a\"> </span>4.3 <span class=\"_ _aa\"> </span>  </span>T<span class=\"_ _14\"></span>otal bonds <span class=\"_ _1bb\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _8\"> </span><span class=\"ls18\">990.6 <span class=\"_ _4b\"> </span></span>4.3 <span class=\"_ _117\"> </span>  </span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _f8\"> </span><span class=\"ls0 ws0\">2041 <span class=\"_ _182\"> </span>1,000.0 <span class=\"_ _6\"> </span>990.6 <span class=\"_ _4a\"> </span>4.3 <span class=\"_ _aa\"> </span>  </span>Financial liabilities to banks <span class=\"_ _c6\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span>Euro currency <span class=\"_ _98\"> </span><span class=\"ls0 ws0\">2037 <span class=\"_ _1e8\"> </span>1,970.0 <span class=\"_ _182\"> </span>1,711.8 <span class=\"_ _1e8\"> </span>1,458.3 <span class=\"_ _aa\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to banks <span class=\"_ _13c\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _94\"> </span><span class=\"ls18\">1,970.0 <span class=\"_ _134\"> </span>1,711.8 <span class=\"_ _134\"> </span>1,458.3 </span></span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _f8\"> </span><span class=\"ls0 ws0\">2037 <span class=\"_ _7\"> </span>490.0 <span class=\"_ _6\"> </span>260.5 <span class=\"_ _68\"> </span>25.8 <span class=\"_ _aa\"> </span>  </span>of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _1ec\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _182\"> </span>1,480.0 <span class=\"_ _1e8\"> </span>1,451.3 <span class=\"_ _182\"> </span>1,432.5 <span class=\"_ _aa\"> </span>  </span>Financial liabilities to others <span class=\"_ _42\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span>Euro currency <span class=\"_ _98\"> </span><span class=\"ls0 ws0\">2024 <span class=\"_ _6\"> </span>147.0 <span class=\"_ _6\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _aa\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to others <span class=\"_ _73\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _1f\"> </span><span class=\"ls18\">147.0 <span class=\"_ _8\"> </span>147.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _117\"> </span></span>  </span>of which at a variable in<span class=\"_ _92\"></span>terest rate <span class=\"_ _1ec\"> </span><span class=\"ls0 ws0\">2024 <span class=\"_ _7\"> </span>147.0 <span class=\"_ _6\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _aa\"> </span>  </span>Financial liabilities to banks \u2013  closed items on the balance sheet<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>Foreign curr<span class=\"_ _92\"></span>encies ($) <span class=\"_ _c7\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _5f\"> </span>  <span class=\"_ _6\"> </span>447.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span>T<span class=\"_ _14\"></span>otal financial liabilities to banks \u2013  closed items on the balance sheet <span class=\"_ _72\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _8\"> </span><span class=\"ls18\">447.2 <span class=\"_ _127\"> </span></span>  </span>of which at a fixe<span class=\"_ _92\"></span>d interest rate <span class=\"_ _f8\"> </span><span class=\"ls0 ws0\">2030 <span class=\"_ _5f\"> </span>  <span class=\"_ _6\"> </span>447.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _aa\"> </span>  </span>Capital shares attrib<span class=\"_ _92\"></span>utab<span class=\"lsca ws30\">le to limited partners <span class=\"_ _148\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _66\"> </span><span class=\"ls18\">0.0<span class=\"_ _92\"></span> <span class=\"_ _5f\"> </span><span class=\"ls31\">  <span class=\"_ _117\"> </span>  </span></span></span></span>T<span class=\"_ _14\"></span>otal financial liabilities <span class=\"_ _2d8\"> </span><span class=\"ls31 ws0\">  <span class=\"_ _127\"> </span>  <span class=\"_ _94\"> </span><span class=\"ls18\">3,296.6 <span class=\"_ _134\"> </span>1,462.6 <span class=\"_ _117\"> </span></span>  </span>1 There is balan<span class=\"_ _43\"></span>ce sheet c<span class=\"_ _43\"></span>over on the asset<span class=\"_ _43\"></span> side for th<span class=\"_ _43\"></span>ese financi<span class=\"_ _43\"></span>al liabiliti<span class=\"_ _43\"></span>es.<span class=\"_ _333\"> </span>\u20acm \u203a 1 to 2 years<span class=\"_ _43\"></span> \u203a 2 to 3 years<span class=\"_ _43\"></span> \u203a 3 to 4 years<span class=\"_ _43\"></span> \u203a 4 to 5 years<span class=\"_ _43\"></span> \u203a 5 year<span class=\"_ _92\"></span>s Weighted nominal interest rate Weighted effectiv<span class=\"_ _92\"></span>e interest rate Fair value  as at 31/12  <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>496.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>489.4 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">1.20 % <span class=\"_ _147\"> </span>1.28 % <span class=\"_ _41\"> </span></span>1,019.8  <span class=\"_ _2af\"> </span><span class=\"ls18\">0.0 <span class=\"_ _8\"> </span>496.9 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _1f\"> </span>489.4 <span class=\"_ _37\"> </span><span class=\"ws6d6\">1.20 % <span class=\"_ _41\"> </span>1.28 % <span class=\"_ _182\"> </span></span>1,019.8 </span> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>496.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>489.4 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">1.20 % <span class=\"_ _147\"> </span>1.28 % <span class=\"_ _41\"> </span></span>1,019.8  <span class=\"_ _16f\"> </span>25.1 <span class=\"_ _68\"> </span>25.1 <span class=\"_ _68\"> </span>20.1 <span class=\"_ _68\"> </span>12.3 <span class=\"_ _7\"> </span>170.8 <span class=\"_ _147\"> </span><span class=\"ls5b ws5c\">0.11 % <span class=\"_ _185\"> </span>2.21 % <span class=\"_ _41\"> </span></span>1,740.2  <span class=\"_ _19f\"> </span><span class=\"ls18\">25.1 <span class=\"_ _23\"> </span>25.1 <span class=\"_ _23\"> </span>20.1 <span class=\"_ _23\"> </span>12.3 <span class=\"_ _8\"> </span>170.<span class=\"_ _92\"></span>8 <span class=\"_ _41\"> </span><span class=\"ws6d6\">0.11 % <span class=\"_ _37\"> </span>2.21 % <span class=\"_ _182\"> </span></span>1,740.2 </span> <span class=\"_ _16f\"> </span>22.6 <span class=\"_ _68\"> </span>22.6 <span class=\"_ _68\"> </span>17.6 <span class=\"_ _66\"> </span>9.8 <span class=\"_ _6\"> </span>162.0 <span class=\"_ _185\"> </span><span class=\"ls5b ws5c\">2.29 % <span class=\"_ _147\"> </span>2.51 % <span class=\"_ _1cd\"> </span></span>289.2  <span class=\"_ _2bc\"> </span>2.5 <span class=\"_ _66\"> </span>2.5 <span class=\"_ _66\"> </span>2.5 <span class=\"_ _66\"> </span>2.5 <span class=\"_ _66\"> </span>8.8 <span class=\"_ _a\"> </span>\u2013<span class=\"fsa\"> </span><span class=\"ls5b ws5c\">0.28 % <span class=\"_ _147\"> </span>0.36 % <span class=\"_ _41\"> </span></span>1,451.0  <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _147\"> </span><span class=\"ls5b ws5c\">0.90 % <span class=\"_ _185\"> </span>0.96 % <span class=\"_ _1cd\"> </span></span>151.2  <span class=\"_ _2af\"> </span><span class=\"ls18\">0.0 <span class=\"_ _8\"> </span>147.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _4b\"> </span>0.0 <span class=\"_ _37\"> </span><span class=\"ws6d6\">0.90 % <span class=\"_ _37\"> </span>0.96 % <span class=\"_ _6\"> </span></span>151.2 </span> <span class=\"_ _2bc\"> </span>0.0 <span class=\"_ _7\"> </span>147.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _147\"> </span><span class=\"ls5b ws5c\">0.90 % <span class=\"_ _185\"> </span>0.96 % <span class=\"_ _1cd\"> </span></span>151.2  <span class=\"_ _1ad\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _6\"> </span>399.0 <span class=\"_ _68\"> </span>48.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _1cd\"> </span>481.0  <span class=\"_ _14e\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _8\"> </span><span class=\"ls18\">399.0 <span class=\"_ _23\"> </span>48.2 <span class=\"_ _127\"> </span></span>  <span class=\"_ _127\"> </span>  <span class=\"_ _2d4\"> </span><span class=\"ls18\">481.0 </span></span> <span class=\"_ _1ad\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _6\"> </span>399.0 <span class=\"_ _68\"> </span>48.2 <span class=\"_ _5f\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _1cd\"> </span>481.0  <span class=\"_ _2af\"> </span><span class=\"ls18\">0.0 <span class=\"_ _127\"> </span><span class=\"ls31\">  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _127\"> </span>  <span class=\"_ _5f\"> </span>  <span class=\"_ _45\"> </span>  </span></span> <span class=\"_ _19f\"> </span><span class=\"ls18\">25.1 <span class=\"_ _8\"> </span>669.<span class=\"_ _92\"></span>0 <span class=\"_ _23\"> </span>20.1 <span class=\"_ _8\"> </span>411.3 <span class=\"_ _1f\"> </span>708.4 <span class=\"_ _127\"> </span></span>8.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Non-current other liabilities</span><span class=\"lsef ws877\"> </span>Non-<span class=\"_ _92\"></span>current other liabilities ar<span class=\"_ _92\"></span>e accounted for at amortised cos<span class=\"_ _92\"></span>t and relate primarily to the foll<span class=\"_ _92\"></span>owing transactio<span class=\"_ _0\"></span>ns: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls83 ws1c0\">Obligation<span class=\"_ _92\"></span> to supply electricity under a 20-year<span class=\"_ _92\"></span> el<span class=\"ls33 ws15c\">ectricity supply agreem<span class=\"_ _92\"></span>ent that was<span class=\"_ _92\"></span> incurred in </span></span></span>connection w<span class=\"_ _43\"></span>ith the acquisit<span class=\"_ _43\"></span>ion of Kraftwerksgruppe<span class=\"_ _43\"></span> Inn GmbH (now VERBUND Innkraftwerke GmbH) in the 2009 reporting period<span class=\"_ _92\"></span><span class=\"ls87 ws1f9\">. An unsc<span class=\"_ _43\"></span>heduled repaymen<span class=\"_ _92\"></span>t of 60 % of the oblig<span class=\"_ _92\"></span>ation was made </span>in 2013 as part of the acquisition of (additional) B<span class=\"_ _92\"></span>avarian hydr<span class=\"_ _92\"></span>op<span class=\"_ _43\"></span>ower plant capacities<span class=\"_ _92\"></span>. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls9a ws489\">Obligatio<span class=\"_ _92\"></span>n to transfer the 50 <span class=\"_ _80\"></span>% inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st in Dona<span class=\"_ _92\"></span>ukraftwerk Jochens<span class=\"_ _92\"></span>tein AG back to the Fr<span class=\"_ _92\"></span>ee State of<span class=\"_ _92\"></span> </span></span>Bavaria without consideration that was assume<span class=\"_ _43\"></span>d as <span class=\"ls99 wsb9f\">part of t<span class=\"_ _43\"></span>he acquisition of (a<span class=\"_ _43\"></span>dditional) Bavarian </span>hydr<span class=\"_ _92\"></span>opower plant capacities<span class=\"_ _92\"></span>.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d ws21e\">Lease liabilities reported as liabilities in a<span class=\"ls95 ws0\">ccordance with IFRS 16 (s<span class=\"ls81 ws65\">ee sectio<span class=\"_ _0\"></span>n 4.3 Leases).<span class=\"_ _333\"> </span></span></span></span></span>Non-current ot<span class=\"_ _92\"></span>her liabilities  <span class=\"_ _ea\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Other liabilities from elec<span class=\"ls0 ws0\">tricity and grid deliv<span class=\"_ _92\"></span>eries <span class=\"_ _c6\"> </span><span class=\"fc4\">54.3 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">142.0 </span></span>Lease liabilities <span class=\"_ _2d9\"> </span><span class=\"fc4\">86.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">126.0 </span>Obligation to return an interest <span class=\"_ _b6\"> </span><span class=\"fc4 ls0 ws0\">140.4 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">116.7 </span></span>Electricity supply commitment <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">126.5 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">1<span class=\"_ _43\"></span>13.4 </span></span>T<span class=\"_ _14\"></span>rade pay<span class=\"_ _92\"></span>ables <span class=\"_ _2da\"> </span><span class=\"fc4 ls0 ws0\">2.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">2.8 </span></span>Other <span class=\"_ _231\"> </span><span class=\"fc4 ls0\">52.8 <span class=\"_ _ac\"> </span></span><span class=\"ff2f ls18\">62.3 </span>Non-current other liabilities  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18 ws0\">462.1 <span class=\"_ _16a\"> </span><span class=\"fc0 ls49\">563.4<span class=\"_ _333\"> </span></span></span>8.2.1  Non-current  other liabilities ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-48": {
   "value": "8.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls1ba\">Liabilities </span>The notes in this s<span class=\"_ _43\"></span>ection relate to non-current and current financial liabilities as we<span class=\"_ _43\"></span>ll as non-current other liabilities. Details reg<span class=\"_ _92\"></span>arding trade payables an<span class=\"ls78 ws421\">d curr<span class=\"_ _92\"></span>ent other liabilities are pr<span class=\"_ _92\"></span>ovided in section <span class=\"_ _14\"></span>6 </span>W<span class=\"_ _92\"></span>orking ca<span class=\"_ _92\"></span>pital.<span class=\"_ _333\"> </span>8.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 ws309\">Financial liabilities<span class=\"_ _333\"> </span></span><span class=\"ls101 ws309\"> </span>Financial liabilities ar<span class=\"_ _92\"></span>e recognised at fair value when<span class=\"lsa8 ws78b\"> the funds are pro<span class=\"_ _92\"></span>vide<span class=\"_ _43\"></span>d. As a rule, this<span class=\"_ _43\"></span> corresponds </span>to the amoun<span class=\"_ _92\"></span>t actually received. Any pr<span class=\"_ _92\"></span>emiums or discounts ar<span class=\"_ _92\"></span>e allocated over th<span class=\"_ _92\"></span>e financing term by applying the effective in<span class=\"_ _92\"></span>terest method and pr<span class=\"_ _92\"></span>esented on an accrual basis in inter<span class=\"_ _92\"></span>est expenses. Individual financial liabilities originally incur<span class=\"_ _43\"></span>red in connection with<span class=\"_ _43\"></span> cross-border leasing transactions were classified at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue throug<span class=\"ls9c ws598\">h pr<span class=\"_ _92\"></span>ofit or loss up<span class=\"_ _43\"></span>on initial recogn<span class=\"ls26 ws4d7\">ition using the fair<span class=\"_ _92\"></span> value option. <span class=\"_ _80\"></span> </span></span>As a result<span class=\"_ _92\"></span>, measurement in<span class=\"_ _92\"></span>consistencies that would ha<span class=\"_ _92\"></span>ve otherwise arisen could be eliminated. The closed items on the balance<span class=\"_ _43\"></span> sheet reported under financial liabilit<span class=\"_ _43\"></span>ies as well as under investments r<span class=\"_ _92\"></span>elate to the cross-bo<span class=\"ls71\">r<span class=\"_ _92\"></span>der leasing transactions that we<span class=\"ls7a ws86\">re terminated early in 2009 and 2010. </span></span>Some of the tr<span class=\"_ _92\"></span>ansactions wer<span class=\"_ _92\"></span>e terminated in their en<span class=\"_ _92\"></span>tirety, i.e<span class=\"_ _92\"></span>. all investments an<span class=\"_ _92\"></span>d all liabilities (A-loans and B-loans) wer<span class=\"_ _92\"></span>e repaid. Some of the tr<span class=\"_ _92\"></span>ansactions were onl<span class=\"_ _92\"></span>y <span class=\"_ _43\"></span>partially terminat<span class=\"_ _92\"></span>ed, whereby the existin<span class=\"_ _92\"></span>g B-loans and the corr<span class=\"_ _92\"></span>esponding investment<span class=\"_ _92\"></span>s were continued. Ther<span class=\"_ _92\"></span>efore, balan<span class=\"_ _92\"></span>ce sheet cover r<span class=\"_ _92\"></span>emains in place. Th<span class=\"_ _92\"></span>e accounting balances denomin<span class=\"_ _92\"></span>ated in foreign curr<span class=\"_ _92\"></span>ency<span class=\"_ _43\"></span> (US dollar) ar<span class=\"_ _92\"></span>e measured at the exchange<span class=\"_ _92\"></span> rate pr<span class=\"_ _92\"></span>evailing at the <span class=\"_ _92\"></span>reporting date<span class=\"_ _92\"></span>. Expenses and income fr<span class=\"_ _92\"></span>om the measur<span class=\"_ _92\"></span>ement corres<span class=\"_ _92\"></span>pond to one ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her both in terms<span class=\"_ _92\"></span> of value as well as with r<span class=\"_ _92\"></span>espect to the val<span class=\"_ _92\"></span>ue date and are offset<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> The financial in<span class=\"_ _92\"></span>vestments and liabilities r<span class=\"_ _92\"></span>esulting from the cr<span class=\"_ _92\"></span>oss-border leasing tr<span class=\"_ _92\"></span>ansactions that wer<span class=\"_ _92\"></span>e terminat<span class=\"_ _92\"></span>ed early continue to be pr<span class=\"_ _92\"></span>esented separately in the not<span class=\"_ _92\"></span>es to the consolidated financial statemen<span class=\"_ _92\"></span>ts in order to impr<span class=\"_ _92\"></span>ove clarity; with the ex<span class=\"_ _92\"></span>ception of the valuation<span class=\"_ _92\"></span> allowances recognised fo<span class=\"_ _92\"></span>r expected credit <span class=\"_ _92\"></span>losses, all items ar<span class=\"_ _92\"></span>e closed on the balance sheet <span class=\"_ _92\"></span>(see section 11 Risk manageme<span class=\"_ _92\"></span>nt).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-558": {
   "value": "8.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls101 ws309\">Financial liabilities<span class=\"_ _333\"> </span></span><span class=\"ls101 ws309\"> </span>Financial liabilities ar<span class=\"_ _92\"></span>e recognised at fair value when<span class=\"lsa8 ws78b\"> the funds are pro<span class=\"_ _92\"></span>vide<span class=\"_ _43\"></span>d. As a rule, this<span class=\"_ _43\"></span> corresponds </span>to the amoun<span class=\"_ _92\"></span>t actually received. Any pr<span class=\"_ _92\"></span>emiums or discounts ar<span class=\"_ _92\"></span>e allocated over th<span class=\"_ _92\"></span>e financing term by applying the effective in<span class=\"_ _92\"></span>terest method and pr<span class=\"_ _92\"></span>esented on an accrual basis in inter<span class=\"_ _92\"></span>est expenses. Individual financial liabilities originally incur<span class=\"_ _43\"></span>red in connection with<span class=\"_ _43\"></span> cross-border leasing transactions were classified at fair v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue throug<span class=\"ls9c ws598\">h pr<span class=\"_ _92\"></span>ofit or loss up<span class=\"_ _43\"></span>on initial recogn<span class=\"ls26 ws4d7\">ition using the fair<span class=\"_ _92\"></span> value option. <span class=\"_ _80\"></span> </span></span>As a result<span class=\"_ _92\"></span>, measurement in<span class=\"_ _92\"></span>consistencies that would ha<span class=\"_ _92\"></span>ve otherwise arisen could be eliminated. The closed items on the balance<span class=\"_ _43\"></span> sheet reported under financial liabilit<span class=\"_ _43\"></span>ies as well as under investments r<span class=\"_ _92\"></span>elate to the cross-bo<span class=\"ls71\">r<span class=\"_ _92\"></span>der leasing transactions that we<span class=\"ls7a ws86\">re terminated early in 2009 and 2010. </span></span>Some of the tr<span class=\"_ _92\"></span>ansactions wer<span class=\"_ _92\"></span>e terminated in their en<span class=\"_ _92\"></span>tirety, i.e<span class=\"_ _92\"></span>. all investments an<span class=\"_ _92\"></span>d all liabilities (A-loans and B-loans) wer<span class=\"_ _92\"></span>e repaid. Some of the tr<span class=\"_ _92\"></span>ansactions were onl<span class=\"_ _92\"></span>y <span class=\"_ _43\"></span>partially terminat<span class=\"_ _92\"></span>ed, whereby the existin<span class=\"_ _92\"></span>g B-loans and the corr<span class=\"_ _92\"></span>esponding investment<span class=\"_ _92\"></span>s were continued. Ther<span class=\"_ _92\"></span>efore, balan<span class=\"_ _92\"></span>ce sheet cover r<span class=\"_ _92\"></span>emains in place. Th<span class=\"_ _92\"></span>e accounting balances denomin<span class=\"_ _92\"></span>ated in foreign curr<span class=\"_ _92\"></span>ency<span class=\"_ _43\"></span> (US dollar) ar<span class=\"_ _92\"></span>e measured at the exchange<span class=\"_ _92\"></span> rate pr<span class=\"_ _92\"></span>evailing at the <span class=\"_ _92\"></span>reporting date<span class=\"_ _92\"></span>. Expenses and income fr<span class=\"_ _92\"></span>om the measur<span class=\"_ _92\"></span>ement corres<span class=\"_ _92\"></span>pond to one ano<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her both in terms<span class=\"_ _92\"></span> of value as well as with r<span class=\"_ _92\"></span>espect to the val<span class=\"_ _92\"></span>ue date and are offset<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> The financial in<span class=\"_ _92\"></span>vestments and liabilities r<span class=\"_ _92\"></span>esulting from the cr<span class=\"_ _92\"></span>oss-border leasing tr<span class=\"_ _92\"></span>ansactions that wer<span class=\"_ _92\"></span>e terminat<span class=\"_ _92\"></span>ed early continue to be pr<span class=\"_ _92\"></span>esented separately in the not<span class=\"_ _92\"></span>es to the consolidated financial statemen<span class=\"_ _92\"></span>ts in order to impr<span class=\"_ _92\"></span>ove clarity; with the ex<span class=\"_ _92\"></span>ception of the valuation<span class=\"_ _92\"></span> allowances recognised fo<span class=\"_ _92\"></span>r expected credit <span class=\"_ _92\"></span>losses, all items ar<span class=\"_ _92\"></span>e closed on the balance sheet <span class=\"_ _92\"></span>(see section 11 Risk manageme<span class=\"_ _92\"></span>nt).<span class=\"_ _333\"> </span>8.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"lsef ws877\">Non-current other liabilities</span><span class=\"lsef ws877\"> </span>Non-<span class=\"_ _92\"></span>current other liabilities ar<span class=\"_ _92\"></span>e accounted for at amortised cos<span class=\"_ _92\"></span>t and relate primarily to the foll<span class=\"_ _92\"></span>owing transactio<span class=\"_ _0\"></span>ns: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls83 ws1c0\">Obligation<span class=\"_ _92\"></span> to supply electricity under a 20-year<span class=\"_ _92\"></span> el<span class=\"ls33 ws15c\">ectricity supply agreem<span class=\"_ _92\"></span>ent that was<span class=\"_ _92\"></span> incurred in </span></span></span>connection w<span class=\"_ _43\"></span>ith the acquisit<span class=\"_ _43\"></span>ion of Kraftwerksgruppe<span class=\"_ _43\"></span> Inn GmbH (now VERBUND Innkraftwerke GmbH) in the 2009 reporting period<span class=\"_ _92\"></span><span class=\"ls87 ws1f9\">. An unsc<span class=\"_ _43\"></span>heduled repaymen<span class=\"_ _92\"></span>t of 60 % of the oblig<span class=\"_ _92\"></span>ation was made </span>in 2013 as part of the acquisition of (additional) B<span class=\"_ _92\"></span>avarian hydr<span class=\"_ _92\"></span>op<span class=\"_ _43\"></span>ower plant capacities<span class=\"_ _92\"></span>. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls9a ws489\">Obligatio<span class=\"_ _92\"></span>n to transfer the 50 <span class=\"_ _80\"></span>% inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st in Dona<span class=\"_ _92\"></span>ukraftwerk Jochens<span class=\"_ _92\"></span>tein AG back to the Fr<span class=\"_ _92\"></span>ee State of<span class=\"_ _92\"></span> </span></span>Bavaria without consideration that was assume<span class=\"_ _43\"></span>d as <span class=\"ls99 wsb9f\">part of t<span class=\"_ _43\"></span>he acquisition of (a<span class=\"_ _43\"></span>dditional) Bavarian </span>hydr<span class=\"_ _92\"></span>opower plant capacities<span class=\"_ _92\"></span>.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7d ws21e\">Lease liabilities reported as liabilities in a<span class=\"ls95 ws0\">ccordance with IFRS 16 (s<span class=\"ls81 ws65\">ee sectio<span class=\"_ _0\"></span>n 4.3 Leases).<span class=\"_ _333\"> </span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-565": {
   "value": "9.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls269\">Provision<span class=\"_ _92\"></span>s</span><span class=\"ls269\"> </span>9.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls124 ws2ca\">Provision<span class=\"_ _92\"></span>s in the Group<span class=\"_ _333\"> </span></span>In accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _14\"></span>37, pro<span class=\"_ _92\"></span>visions are recognised<span class=\"ls99 ws9cf\"> for legal and constructive obligations to external </span>third parties r<span class=\"_ _92\"></span>esulting fro<span class=\"_ _0\"></span>m past even<span class=\"_ _92\"></span>ts whose settlement will pr<span class=\"_ _92\"></span>obably lead to a fut<span class=\"_ _92\"></span>ure outflow of economic resources. It must be possible to reliably estimate the amount of the obligation. Provisions are measur<span class=\"_ _92\"></span>ed at the expected settlemen<span class=\"_ _0\"></span>t amount<span class=\"_ _92\"></span>. Non-<span class=\"_ _92\"></span>current pro<span class=\"_ _92\"></span>visions set aside to settle claims mor<span class=\"_ _92\"></span>e than twelve months in<span class=\"_ _92\"></span>to the future ar<span class=\"_ _92\"></span>e discounted if the pr<span class=\"_ _92\"></span>esent value of the ex<span class=\"_ _92\"></span>pected sett<span class=\"lsa3 ws152\">lement amo<span class=\"_ _92\"></span>unt differs significantl<span class=\"_ _92\"></span>y from the nominal </span>amount<span class=\"_ _92\"></span>. The discount rate is a <span class=\"_ _92\"></span>pre-tax interest <span class=\"_ _92\"></span>rate ad<span class=\"ls6f ws3c6\">justed t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> the specific risks of th<span class=\"_ _92\"></span>e liability. Accrued </span>inter<span class=\"_ _92\"></span>est amounts are pr<span class=\"_ _92\"></span>esented as inter<span class=\"_ _92\"></span>est expenses<span class=\"_ _43\"></span>; any effects fr<span class=\"_ _92\"></span>om changes in the inter<span class=\"_ _92\"></span>est rate ar<span class=\"_ _92\"></span>e recognised in the oper<span class=\"_ _92\"></span>ating resul<span class=\"_ _92\"></span>t.<span class=\"_ _333\"> </span>9.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 ws963\">P<span class=\"_ _14\"></span>ersonnel provisions<span class=\"_ _333\"> </span></span><span class=\"ls118 ws963\"> </span><span class=\"ls118 ws963\"> </span>Provisions for current pensions, vested pension bene<span class=\"_ _43\"></span>fits and similar obli<span class=\"_ _43\"></span>gations are determined in accordan<span class=\"_ _92\"></span>ce with IAS <span class=\"_ _62\"></span>19 using the project<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d unit credit method (PUC m<span class=\"_ _92\"></span>ethod), whereb<span class=\"_ _92\"></span>y remeas<span class=\"_ _92\"></span>urements of the net lia<span class=\"_ _92\"></span>bility are recognised in<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other compr<span class=\"_ _92\"></span>ehensive income in the year in which the liability is i<span class=\"_ _92\"></span>ncurred. With t<span class=\"_ _92\"></span>he exception of net inter<span class=\"_ _92\"></span>est expense, all ex<span class=\"_ _92\"></span>penses (and return<span class=\"_ _92\"></span>s) related to these obligations are recognised under p<span class=\"_ _43\"></span>ersonnel exp<span class=\"_ _43\"></span>enses. Net interest expense is reported unde<span class=\"_ _43\"></span>r inter<span class=\"_ _92\"></span>est expenses. These defined bene<span class=\"_ _43\"></span>fit obligations are partially covered by pension plan assets at APK Pensionskasse AG earmar<span class=\"_ _92\"></span>ked for this purpose<span class=\"_ _92\"></span>. Contractual trus<span class=\"_ _92\"></span>t arrangements (CT<span class=\"_ _14\"></span>A) wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> set up in or<span class=\"_ _92\"></span>der to secure the<span class=\"_ _92\"></span> entitlemen<span class=\"_ _92\"></span>ts from the compa<span class=\"_ _92\"></span>ny pension plan for the<span class=\"_ _92\"></span> employees of VERB<span class=\"_ _92\"></span>UND Innkraftwerke G<span class=\"_ _92\"></span>mbH, Innwerk A<span class=\"_ _92\"></span>G and Grenzkraftw<span class=\"_ _92\"></span>erke GmbH. VERBUND is o<span class=\"_ _92\"></span>bligated to pr<span class=\"_ _92\"></span>ovide additional funding to the extent the obligations are to be fulfilled through the pension fund; there is no such obligation to provide additional funding fo<span class=\"_ _92\"></span>r the CT<span class=\"_ _92\"></span>A<span class=\"_ _43\"></span>. Both pension plan as<span class=\"_ _92\"></span>sets as well as the contr<span class=\"_ _92\"></span>actual trust arrangement<span class=\"_ _92\"></span>s are r<span class=\"_ _92\"></span>ecognised as plan assets as defined under IAS <span class=\"_ _14\"></span>19 and offset with the pro<span class=\"_ _92\"></span>vision for current pensions and vested pension be<span class=\"_ _43\"></span>nefits.  Pension plan assets are invested in complianc<span class=\"_ _43\"></span>e with th<span class=\"_ _43\"></span>e pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions of the Austrian Pension Fund Act (Pension<span class=\"_ _92\"></span>skassengesetz, PK<span class=\"_ _92\"></span>G) and the corres<span class=\"_ _92\"></span>ponding regula<span class=\"_ _92\"></span>tions of the Austrian<span class=\"_ _92\"></span> Financial M<span class=\"_ _92\"></span>arket Authority (FMA<span class=\"_ _92\"></span>). Similar<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>obliga<span class=\"_ _92\"></span>tions relate to<span class=\"_ _92\"></span> employer contribution<span class=\"_ _92\"></span>s for supplementary health insuran<span class=\"_ _92\"></span>ce premiums to be paid after retir<span class=\"_ _92\"></span>ement. The pr<span class=\"_ _92\"></span>ovisions are determin<span class=\"_ _92\"></span>ed in the same manner as pro<span class=\"_ _92\"></span>visions for pension obligations.<span class=\"_ _333\"> </span>Exist<span class=\"_ _43\"></span>ing provisions for pensions and similar obligations as we<span class=\"_ _43\"></span>ll as obligations from termination benefits (c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount as at 31 <span class=\"_ _14\"></span>De<span class=\"_ _43\"></span>cember 2022:<span class=\"fc9 ls0 ws0\"> <span class=\"_ _63\"></span></span>\u20ac493.9m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac693.6m) were measured based on assumptions an<span class=\"_ _92\"></span>d estimates as at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. The key factors of in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nce included the discoun<span class=\"_ _92\"></span>t rate<span class=\"_ _92\"></span>, the estimated r<span class=\"_ _92\"></span>etirement a<span class=\"_ _92\"></span>ge and the estimat<span class=\"_ _92\"></span>ed life expectancy as well as future incr<span class=\"_ _92\"></span>eases in salaries and pension be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span>:  Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span>T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span>(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G<span class=\"_ _333\"> </span>VERBUND is exposed to investme<span class=\"_ _43\"></span>nt risk, interest rate risk, life expect<span class=\"_ _43\"></span>ancy r<span class=\"_ _43\"></span>isk and salar<span class=\"_ _43\"></span>y risk<span class=\"_ _43\"></span> as well as the risk of price incre<span class=\"_ _92\"></span>ases and employee turno<span class=\"_ _92\"></span>ver risk based on the existing pension and similar obliga<span class=\"_ _92\"></span>tions as well as obligation<span class=\"_ _92\"></span>s from statutory termination ben<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>fits. The f<span class=\"_ _92\"></span>ollowing sensitivity analyses show the effect<span class=\"_ _92\"></span>s resulting from<span class=\"_ _92\"></span> changes in significant act<span class=\"_ _0\"></span>uarial assumptions o<span class=\"_ _92\"></span>n the obligations<span class=\"_ _92\"></span>. The change in the o<span class=\"_ _92\"></span>bligation was determined in<span class=\"_ _92\"></span> a manner comparable with t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e determin<span class=\"_ _92\"></span>ation of the actual obliga<span class=\"_ _92\"></span>tion based on the PUC method in accordan<span class=\"_ _92\"></span>ce with IAS 19.<span class=\"_ _333\"> </span><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gsf5d\">9.2.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsf1 wsb0e gsf5e\">Measurement of </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls128 ws2f7 gsf5f\">pensions and  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsfb ws2f9 gsf60\">similar obligations  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls7f ws90 gsf61\">as well as statutory </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls9b ws5ee gsf62\">termination benefits<span class=\"_ _333\"> </span> </div>On 31 <span class=\"_ _86\"></span>D<span class=\"_ _43\"></span>ecember 2022, the weighted aver<span class=\"_ _92\"></span>age du<span class=\"lsbc wsba6\">ration of the pension obligation was 10 <span class=\"_ _86\"></span>years </span>(previous year<span class=\"_ _43\"></span>: 13 <span class=\"_ _80\"></span>years) and that of the obligations<span class=\"_ _43\"></span><span class=\"ls70 wsba7\"> similar to pensions was 14 <span class=\"_ _80\"></span>years (previous year<span class=\"_ _43\"></span>: </span>17 years).<span class=\"_ _333\"> </span>VERBUND <span class=\"_ _91\"> </span><span class=\"fs2 lsa2 ws3ca\">r<span class=\"_ _92\"></span>egularly coordin<span class=\"_ _92\"></span>ates the general in<span class=\"_ _92\"></span>vestment guidelines with A<span class=\"_ _92\"></span>PK Pensionskasse AG<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> </span>Risk management in APK Pensions<span class=\"_ _43\"></span>kasse AG is guided by<span class=\"_ _43\"></span> the provisions of the Austrian Pension Fund Act (PK<span class=\"_ _14\"></span>G<span class=\"_ _43\"></span>) and the corr<span class=\"_ _92\"></span>esponding directives o<span class=\"_ _92\"></span>f the Financial M<span class=\"_ _92\"></span>arket A<span class=\"_ _92\"></span>uthority (FMA). Employees whose service began on or before 31 <span class=\"_ _88\"></span>De<span class=\"ls87 wsba9\">cember 2002 are entitled to r<span class=\"_ _92\"></span>eceive a one-time </span>paymen<span class=\"_ _0\"></span>t based on statutory pro<span class=\"_ _92\"></span>visions in particular when they retir<span class=\"_ _92\"></span>e. This obl<span class=\"_ _92\"></span>igation is measured in accordan<span class=\"_ _92\"></span>ce with IAS <span class=\"_ _14\"></span>19 based on the PUC method wi<span class=\"ls67 ws365\">th an accum<span class=\"_ _92\"></span>ulation period of 25 <span class=\"_ _80\"></span>years, wher<span class=\"_ _92\"></span>eby </span>remeas<span class=\"_ _92\"></span>urements of the net l<span class=\"_ _92\"></span>iability are r<span class=\"_ _92\"></span>ecognised immediately in other com<span class=\"_ _92\"></span>prehensive income<span class=\"_ _92\"></span>.  The employ<span class=\"_ _92\"></span>er is only obligated t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> make r<span class=\"_ _92\"></span>egular contributions for all emplo<span class=\"_ _92\"></span>yees whose ser<span class=\"_ _43\"></span>vice began after 31 <span class=\"_ _8a\"></span>December 2002 in Austria. Such con<span class=\"_ _92\"></span>tribu<span class=\"ls46 wsa7a\">tions are therefore ac<span class=\"_ _92\"></span>counted for as defined </span>contribution plans in accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _88\"></span>19. For these emplo<span class=\"_ _92\"></span>yment contracts<span class=\"_ _92\"></span>, the employer pay<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> 1.53 % of the mon<span class=\"_ _92\"></span>thly gross salary into an emp<span class=\"_ _92\"></span>loyee pension fund.  The weighted average duration of the obligations from termination be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span> is seven years as at 31 December 2022 (previous year: eight years).<span class=\"_ _333\"> </span>The partial r<span class=\"_ _92\"></span>etirement obli<span class=\"_ _92\"></span>gation is measur<span class=\"_ _92\"></span>ed in accordance with IAS <span class=\"_ _87\"></span>19 based on the PUC meth<span class=\"_ _92\"></span>od, whereb<span class=\"_ _92\"></span>y remeasur<span class=\"_ _92\"></span>ements of the net<span class=\"_ _92\"></span> liability are r<span class=\"_ _92\"></span>ecognised immediately thro<span class=\"_ _92\"></span>ugh profit or los<span class=\"_ _92\"></span>s. <span class=\"_ _89\"></span> The res<span class=\"_ _92\"></span>ulting expenses to be r<span class=\"_ _92\"></span>ecognised are presen<span class=\"_ _92\"></span>ted under pension expenses<span class=\"_ _92\"></span>.  There ar<span class=\"_ _92\"></span>e also CT<span class=\"_ _14\"></span>As for the purpose of securing cr<span class=\"_ _92\"></span>edit balances from partial r<span class=\"_ _92\"></span>etirement model<span class=\"_ _92\"></span>s of employees<span class=\"_ _92\"></span> of VERBUND Innkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke <span class=\"_ _92\"></span>GmbH and Innwerk A<span class=\"_ _92\"></span>G. Ther<span class=\"_ _92\"></span>e is no obliga<span class=\"_ _92\"></span>tion to provide additional funding. The CT<span class=\"_ _14\"></span>A is recognised as plan <span class=\"ls83 ws5e4\">assets as defined under IAS <span class=\"_ _92\"></span>19 and offset against the </span>pro<span class=\"_ _92\"></span>visio<span class=\"_ _43\"></span>n for partial retirement.<span class=\"_ _333\"> </span>9.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1b7 ws92a\">Other provision<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span></span><span class=\"ls1b7 ws92a\"> </span>Dismantling an<span class=\"_ _43\"></span>d decomm<span class=\"lscf ws2f4\">issioning obligations </span>Provisions are r<span class=\"_ _92\"></span>ecog<span class=\"_ _43\"></span>nised at the dis<span class=\"_ _43\"></span>counted settleme<span class=\"_ _43\"></span>nt amounts for obligations resulting from the dismantlin<span class=\"_ _92\"></span>g or decommissioning of power<span class=\"_ _92\"></span> plants in the r<span class=\"_ _92\"></span>eporting period in which they ar<span class=\"_ _92\"></span>e incurred; <span class=\"_ _80\"></span> at the sam<span class=\"_ _92\"></span>e time, the carrying amoun<span class=\"_ _92\"></span>ts for the power pl<span class=\"_ _92\"></span>ants are incr<span class=\"_ _92\"></span>eased as a general rule (see<span class=\"_ _92\"></span> section 4.2 Pr<span class=\"_ _92\"></span>operty, plant and equipmen<span class=\"_ _92\"></span>t). In subsequent periods<span class=\"_ _92\"></span>, the capitalised cos<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s for disman<span class=\"_ _92\"></span>tling or decommissioni<span class=\"_ _92\"></span>ng are depreciated o<span class=\"_ _92\"></span>ver the (remainin<span class=\"_ _92\"></span>g) useful life of the plants; inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st is accrued annually.  The pro<span class=\"_ _92\"></span>visions are measur<span class=\"_ _92\"></span>ed at the reportin<span class=\"_ _92\"></span>g date on the basis of ass<span class=\"_ _92\"></span>umptions and estimates<span class=\"_ _92\"></span>. The key factors of influen<span class=\"_ _92\"></span>ce were the expected disma<span class=\"_ _92\"></span>ntling dates, an<span class=\"_ _92\"></span>y possible expert reports t<span class=\"_ _92\"></span>o ascertain the dismantlin<span class=\"_ _92\"></span>g and decontamination costs o<span class=\"_ _92\"></span>r proceeds from the sal<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> of scrap<span class=\"_ _14\"></span>, the valorisation of these costs and the discount ra<span class=\"_ _92\"></span>te of 2.00 %\u2013 <span class=\"fs2 ws2ac\">8.23 % (previous year: 0.25 %\u2013</span> <span class=\"fs2 ls82 ws249\">5.43 %)<span class=\"_ _333\"> </span></span><span class=\"fs2 ls82 ws249\">.<span class=\"_ _333\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-583": {
   "value": "9.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls269\">Provision<span class=\"_ _92\"></span>s</span><span class=\"ls269\"> </span>9.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls124 ws2ca\">Provision<span class=\"_ _92\"></span>s in the Group<span class=\"_ _333\"> </span></span>Non-current and current provis<span class=\"_ _43\"></span>ions can be broke<span class=\"_ _43\"></span>n down as follows: Non-current an<span class=\"_ _92\"></span>d current provis<span class=\"_ _0\"></span>ions <span class=\"_ _55\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span>Provisions for pensions <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">429.7 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">301.2 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Provisions for obligations  similar to pensions <span class=\"_ _13e\"> </span><span class=\"fc4 ls0 ws0\">143.9 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">98.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Provisions for termination benefi<span class=\"_ _92\"></span>ts <span class=\"_ _65\"> </span><span class=\"fc4 ls0 ws0\">120.1 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls49\">9<span class=\"_ _43\"></span>3.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Provisions for par<span class=\"ls27 ws27\">tial retireme<span class=\"_ _92\"></span>nt <span class=\"_ _1d8\"> </span><span class=\"fc4 ls0 ws0\">3.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.5 <span class=\"_ _16c\"> </span></span>1.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span></span>Other personnel-related prov<span class=\"_ _92\"></span>isions <span class=\"_ _b5\"> </span><span class=\"fc4 ls0 ws0\">25.2 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">21.4 <span class=\"_ _9c\"> </span></span>26.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.9 </span></span>Other provisions <span class=\"_ _194\"> </span><span class=\"fc4 ls0 ws0\">110.7 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">100.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2a fc4 ls0\">16.3 <span class=\"_ _ac\"> </span></span>15.4 </span></span>Non-current and current pro<span class=\"_ _92\"></span>visions <span class=\"_ _60\"> </span><span class=\"fc4 ls18 ws0\">832.9 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">619.5 <span class=\"_ _133\"> </span></span>44.7 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">50.9<span class=\"_ _333\"> </span></span></span>9.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 ws963\">P<span class=\"_ _14\"></span>ersonnel provisions<span class=\"_ _333\"> </span></span><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gsf21\">9.1.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls58 ws802 gsf22\">Non-current and </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls112 ws377 gsf23\">current pr<span class=\"_ _92\"></span>ovisions </div>Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span>T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span>(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G<span class=\"_ _333\"> </span>9.2.1  Measurement of pensions and  similar obligations  as well as statutory termination benefits<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2022 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2.38 % <span class=\"_ _6c\"> </span>2.49 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>5.17 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.76 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">4.81 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.79 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2022 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.18 % <span class=\"_ _6c\"> </span>3.35 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>6.81 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.18 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.71 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.56 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2022 <span class=\"_ _1cc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.75 % <span class=\"_ _6c\"> </span>1.80 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.48 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.00 % <span class=\"_ _6a\"> </span>0.00 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2021 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.10 % <span class=\"_ _6c\"> </span>3.27 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>6.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.01 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.54 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2021 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.94 % <span class=\"_ _6c\"> </span>4.20 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>8.35 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>7.46 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">7.00 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.66 %<span class=\"_ _333\"> </span></span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2021 Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.91 % <span class=\"_ _6c\"> </span>1.97 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.87 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.68 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.03 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>0.04 %<span class=\"_ _333\"> </span></span></span><span class=\"ls26 ws26\"><span class=\"ls5b ws5c\"> </span></span>Reconcilia<span class=\"_ _43\"></span>tion from defin<span class=\"_ _43\"></span>ed benefit<span class=\"_ _43\"></span> obligation<span class=\"_ _43\"></span> to provision <span class=\"_ _2b7\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Defined benefit obligation  cov<span class=\"_ _92\"></span>ered by plan assets <span class=\"_ _4c\"> </span><span class=\"fc4 ls0 ws0\">298.9 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">224.0 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Fair value of plan asse<span class=\"_ _92\"></span>ts <span class=\"_ _17e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>190.9 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">156.4 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Net value of obligations  cov<span class=\"_ _92\"></span>ered by plan assets <span class=\"_ _259\"> </span><span class=\"fc4 ls18 ws0\">108.0 <span class=\"_ _45\"> </span><span class=\"ff2c fc0\">67.6 <span class=\"_ _bd\"> </span></span><span class=\"ls0\">\u2013 <span class=\"_ _fe\"> </span><span class=\"ff2c fc0\">\u2013 </span></span></span>Defined benefit obligation  not cov<span class=\"_ _92\"></span>ered by plan assets 321.6 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls31\">233.5<span class=\"_ _43\"></span> <span class=\"_ _3\"> </span></span>143.8 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">98.9 </span>Carrying amount of pro<span class=\"_ _92\"></span>visions  as at 31/12 429.6 <span class=\"_ _a3\"> </span><span class=\"ff2c fc0\">301.1 <span class=\"_ _125\"> </span></span><span class=\"ls49\">143.8 <span class=\"_ _133\"> </span></span><span class=\"ff2c fc0\">98.9 </span>P<span class=\"_ _92\"></span>ension expenses <span class=\"_ _72\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.4 <span class=\"_ _60\"> </span></span>2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.0 </span></span>Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _1ca\"> </span><span class=\"fc4 ls0 ws0\">3.6 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">4.1 <span class=\"_ _24c\"> </span></span>1.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.8 </span></span>P<span class=\"_ _92\"></span>ension expenses  (recognised in profit for the period) <span class=\"_ _97\"> </span><span class=\"fc4 ls18 ws0\">7.9 <span class=\"_ _123\"> </span><span class=\"ff2c fc0\">7.5 <span class=\"_ _16e\"> </span></span>4.0 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">3.8 </span></span>Remeasurements of the net liability <span class=\"_ _e3\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>56.5 <span class=\"_ _117\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">114.1 <span class=\"_ _125\"> </span></span></span>\u2013<span class=\"fsa\"> </span>26.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">44.1 </span></span></span>P<span class=\"_ _92\"></span>ension expenses  (recognised in total comprehensive income for the period) <span class=\"_ _d3\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">48.6 <span class=\"_ _4b\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">106.6 <span class=\"_ _51\"> </span></span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls31\">22.3 <span class=\"_ _3c\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">40.3<span class=\"_ _333\"> </span></span></span></span><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gsff1\">9.2.2  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsb0 ws22e gsff2\">Provisions f<span class=\"_ _92\"></span>or </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls128 ws2f7 gsff3\">pensions and  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls10e ws464 gsff4\">similar obligations </div>Reconciliation of define<span class=\"ls17a wsba5\">d ben<span class=\"_ _92\"></span>efit obligation  <span class=\"_ _27c\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Defined benefit obligation as at 1/1 <span class=\"_ _ba\"> </span><span class=\"fc4 ls0 ws0\">612.6 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">620.4 <span class=\"_ _53\"> </span></span>170.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">14<span class=\"_ _43\"></span>3.8 </span></span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _17d\"> </span><span class=\"fc4 ls0 ws0\">75.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.4 <span class=\"_ _60\"> </span></span>2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.0 </span></span>P<span class=\"_ _92\"></span>ension payments or contributions to supplementary h<span class=\"_ _92\"></span>ealth insurance (benefit pa<span class=\"_ _92\"></span>yments) <span class=\"_ _20e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>36.0 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">36.1 <span class=\"_ _133\"> </span></span></span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4.6 </span></span></span>Interest ex<span class=\"_ _92\"></span>penses <span class=\"_ _75\"> </span><span class=\"fc4 ls0 ws0\">4.9 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">6.1 <span class=\"_ _60\"> </span></span>1.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.8 </span></span>Remeasurements based on experience adju<span class=\"_ _92\"></span>stments <span class=\"_ _18f\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>12.0 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.4 <span class=\"_ _133\"> </span></span>\u2013<span class=\"fsa\"> </span>8.3 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.2 </span></span></span>Remeasurements arising from changes in demographic assumptions <span class=\"_ _e3\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _24c\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.5 </span></span>Remeasurements arising from changes in financial assumptions \u2013<span class=\"fsa\"> </span>28.6 <span class=\"_ _117\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">136.7 <span class=\"_ _157\"> </span></span></span>\u2013<span class=\"fsa\"> </span>18.0 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">43.4 </span></span>Defined benefit obligation as at 31/12 <span class=\"_ _53\"> </span><span class=\"fc4 ls18 ws0\">620.4 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">457.5 <span class=\"_ _157\"> </span></span><span class=\"ls49\">143.8 <span class=\"_ _133\"> </span></span><span class=\"ff2c fc0\">98.9 </span></span>On 31 <span class=\"_ _86\"></span>D<span class=\"_ _43\"></span>ecember 2022, the weighted aver<span class=\"_ _92\"></span>age du<span class=\"lsbc wsba6\">ration of the pension obligation was 10 <span class=\"_ _86\"></span>years </span>(previous year<span class=\"_ _43\"></span>: 13 <span class=\"_ _80\"></span>years) and that of the obligations<span class=\"_ _43\"></span><span class=\"ls70 wsba7\"> similar to pensions was 14 <span class=\"_ _80\"></span>years (previous year<span class=\"_ _43\"></span>: </span>17 years).<span class=\"_ _333\"> </span>Reconciliation of plan assets <span class=\"_ _79\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Fair value of plan assets <span class=\"_ _92\"></span>as at 1/1 <span class=\"_ _126\"> </span><span class=\"fc4 ls0 ws0\">157.1 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">190.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _17d\"> </span><span class=\"fc4 ls0 ws0\">30.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Contributions by VERBUND <span class=\"_ _17e\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.5 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>P<span class=\"_ _92\"></span>ayouts (ben<span class=\"_ _92\"></span>efit payments) <span class=\"_ _148\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>14.1 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">14.6 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Interest income <span class=\"_ _3e\"> </span><span class=\"fc4 ls0 ws0\">1.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">1.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Other gains (+) or<span class=\"_ _92\"></span> losses (\u2013) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">15.9 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">22.3 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Fair value of p<span class=\"_ _92\"></span>lan assets as at 31/12 <span class=\"_ _12e\"> </span><span class=\"fc4 ls18 ws0\">190.9 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">156.4 <span class=\"_ _162\"> </span></span><span class=\"ls0\">\u2013 <span class=\"_ _9e\"> </span><span class=\"ff2c fc0\">\u2013 </span></span></span>The investment and risk ass<span class=\"_ _43\"></span>ociation in th<span class=\"_ _43\"></span>e pension fund att<span class=\"_ _43\"></span>ributable<span class=\"_ _43\"></span> to VERBUND realised a loss of \u20ac20.4m in the 2022 reporting period (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: gain<span class=\"ls26 ws5d6\"> of \u20ac17.3m). The deficit r<span class=\"_ _92\"></span>epresents the portion </span>of pension obli<span class=\"_ _92\"></span>gations not cover<span class=\"_ _92\"></span>ed by plan assets; these rela<span class=\"_ _92\"></span>te primarily to direct commitmen<span class=\"_ _92\"></span>ts to pension recipients<span class=\"_ _92\"></span>. In the 2023 reporting period, curr<span class=\"_ _92\"></span><span class=\"ls96 ws509\">ent contributions to the pension fund for coverage </span>of defined contribution plans ar<span class=\"_ _92\"></span>e expected in the amount of \u20ac7.<span class=\"_ _92\"></span>0m (previous year<span class=\"_ _43\"></span>: \u20ac0.0m.).<span class=\"_ _333\"> </span>Plan assets <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _123\"> </span><span class=\"ls134 wsb1b\">in % </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _18e\"> </span><span class=\"ls31\">  <span class=\"_ _3\"> </span></span><span class=\"ff2c fc0\">2022 <span class=\"_ _2\"> </span>2022 </span></span>  <span class=\"_ _d\"> </span><span class=\"ff2f fc4 lscc\">Quoted <span class=\"_ _9a\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _f3\"> </span></span><span class=\"fc0\">Quoted <span class=\"_ _9d\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span></span></span>Shares <span class=\"_ _1db\"> </span><span class=\"fc4 ls0\">41.7 <span class=\"_ _9c\"> </span>41.7 <span class=\"_ _133\"> </span></span><span class=\"ff2f ls29\">37<span class=\"_ _43\"></span>.9 <span class=\"_ _12b\"> </span>37<span class=\"_ _43\"></span>.9 </span>Bonds <span class=\"_ _1b2\"> </span><span class=\"fc4 ls0\">33.6 <span class=\"_ _9c\"> </span>33.6 <span class=\"_ _133\"> </span></span><span class=\"ff2f ls31\">32.3 <span class=\"_ _ac\"> </span>32.3 </span>Money market <span class=\"_ _33\"> </span><span class=\"fc4 ls0 ws0\">7.0 <span class=\"_ _60\"> </span>7.0 <span class=\"_ _60\"> </span><span class=\"ff2f fc0 ls18\">7.6 <span class=\"_ _47\"> </span>7.6 </span></span>Other investments <span class=\"_ _1a9\"> </span><span class=\"fc4 ls0 ws0\">17.7 <span class=\"_ _9c\"> </span>17.7 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">22.2 <span class=\"_ _12b\"> </span>22.2 </span></span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _c0\"> </span><span class=\"fc4 ls18\">100.0 <span class=\"_ _125\"> </span>100.0 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">100.0 <span class=\"_ _3c\"> </span>100.0<span class=\"_ _333\"> </span></span></span>Analysis of the<span class=\"_ _92\"></span> provisions f<span class=\"_ _92\"></span>or termination benefits <span class=\"_ _230\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Provisions for statutory termination <span class=\"_ _92\"></span>benefits <span class=\"_ _c0\"> </span><span class=\"fc4 ls0 ws0\">119.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">93.4 </span></span>Provisions fo<span class=\"_ _92\"></span>r termination benefits from special agreemen<span class=\"_ _92\"></span>ts  in accordance with social plan 0.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.5 </span>Carrying amount of pr<span class=\"ls1d ws35e\">o<span class=\"_ _92\"></span>visions as at 31/12 <span class=\"_ _282\"> </span><span class=\"fc4 ls18 ws0\">120.0<span class=\"_ _92\"></span> <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">93.9 </span></span></span>Expen<span class=\"_ _43\"></span>se for termi<span class=\"_ _43\"></span>natio<span class=\"_ _43\"></span>n benefit<span class=\"_ _43\"></span> costs <span class=\"_ _2de\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Service costs <span class=\"_ _1f4\"> </span><span class=\"fc4 ls0 ws0\">1.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Expense for termination benefit costs (recognised in profit f<span class=\"_ _92\"></span>or the peri<span class=\"_ _43\"></span>od) <span class=\"_ _9e\"> </span><span class=\"fc4 ls18 ws0\">1.6 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.8 </span></span>Remeasurements of termination be<span class=\"_ _92\"></span>nefits <span class=\"_ _eb\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">13.8 </span></span></span>Expenses for termination benefit costs  (recognised in total comprehensive income for the period) <span class=\"_ _40\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1.7 <span class=\"_ _51\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">12.0<span class=\"_ _333\"> </span></span></span></span>9.2.3  Provisions f<span class=\"_ _92\"></span>or termination  benefits<span class=\"_ _333\"> </span>Reconcilia<span class=\"_ _43\"></span>tion of defi<span class=\"_ _43\"></span>ned benefit<span class=\"_ _43\"></span> obligatio<span class=\"_ _43\"></span>n for statutory t<span class=\"_ _43\"></span>ermination <span class=\"_ _43\"></span>benefits  <span class=\"_ _6b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Defined benefit obligation as at 1/1 <span class=\"_ _6f\"> </span><span class=\"fc4 ls0 ws0\">123.8 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">119.1 </span></span>Change in the basis of consolidation <span class=\"_ _29b\"> </span><span class=\"fc4 ls0 ws0\">10.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _2df\"> </span><span class=\"fc4 ls0 ws0\">1.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Interest ex<span class=\"_ _92\"></span>penses <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0 ws0\">0.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>T<span class=\"_ _14\"></span>ermination benefits (ben<span class=\"_ _92\"></span>efit payments) <span class=\"_ _2de\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>13.5 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> <span class=\"_ _92\"></span><span class=\"fs8 ls31\">1<span class=\"_ _43\"></span>3.7 </span></span></span></span>Remeasurements bas<span class=\"_ _92\"></span>ed on experience adjustm<span class=\"_ _92\"></span>ents <span class=\"_ _ae\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.5 </span></span>Remeasurements arising f<span class=\"_ _92\"></span>rom changes in demographic assumptions<span class=\"_ _92\"></span> <span class=\"_ _13a\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Remeasurements arising from chan<span class=\"_ _92\"></span><span class=\"ls0 ws0\">ges in financial assumptions <span class=\"_ _18f\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _53\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">16.2 </span></span></span>Defined benefit obligation as at 31/12 <span class=\"_ _208\"> </span><span class=\"fc4 ls18 ws0\">119.1 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">93.4<span class=\"_ _333\"> </span></span></span>Reconcili<span class=\"_ _43\"></span>ation from defi<span class=\"_ _43\"></span>ned benefit<span class=\"_ _43\"></span> oblig<span class=\"_ _43\"></span>ation to p<span class=\"_ _43\"></span>rovisions <span class=\"_ _13a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Defined benefit obligation co<span class=\"_ _92\"></span>vered by plan assets <span class=\"_ _1a7\"> </span><span class=\"fc4 ls0 ws0\">7.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1 </span></span>Fair value of plan asse<span class=\"_ _92\"></span>ts <span class=\"_ _2e0\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.1 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.1 </span></span></span>Carrying amount of pr<span class=\"ls1d ws35e\">o<span class=\"_ _92\"></span>visions as at 31/12 <span class=\"_ _18\"> </span><span class=\"fc4 ls18 ws0\">4.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">5.0 </span></span></span>Expenses for<span class=\"_ _92\"></span> partial retirement<span class=\"_ _92\"></span> <span class=\"_ _f5\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Service costs <span class=\"_ _1f4\"> </span><span class=\"fc4 ls0 ws0\">1.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span>Remeasurements <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0\">0.2 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.9 </span>Expenses for partial re<span class=\"lsca ws30\">tirement (recognised in pr<span class=\"_ _92\"></span>ofit <span class=\"_ _43\"></span>for the period) <span class=\"_ _281\"> </span><span class=\"fc4 ls18 ws0\">1.7 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">2.5 </span></span></span>Reconciliation of defi<span class=\"ls17a wsbae\">ned ben<span class=\"_ _92\"></span>efit obligation <span class=\"_ _78\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Defined benefit obligation as at 1/1 <span class=\"_ _20d\"> </span><span class=\"fc4 ls0 ws0\">7.8 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span>Change in the basis of consolidation <span class=\"_ _e0\"> </span><span class=\"fc4 ls0 ws0\">0.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _2df\"> </span><span class=\"fc4 ls0 ws0\">1.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span>Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>P<span class=\"_ _92\"></span>ayments for early<span class=\"_ _92\"></span> retirement <span class=\"_ _2e1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">2.3 </span></span></span>Remeasurements <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0\">0.6 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.9 </span>Defined benefit obligation as at 31/12 <span class=\"_ _ad\"> </span><span class=\"fc4 ls18 ws0\">7.9 <span class=\"_ _16c\"> </span><span class=\"fc0\">8.1<span class=\"_ _333\"> </span></span></span><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs104b\">9.2.4  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsb0 ws22e gs104c\">Provisions f<span class=\"_ _92\"></span>or  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls105 ws9a6 gs104d\">partial retirement </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsc4 ws0 gs104e\">obligations </div>Reconciliation of plan assets <span class=\"_ _26a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Fair value of plan assets <span class=\"_ _92\"></span>as at 1/1 <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">3.1 </span></span>Other gains (+) or<span class=\"_ _92\"></span> losses (\u2013) <span class=\"_ _c9\"> </span><span class=\"fc4 ls0 ws0\">0.4 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Fair value of p<span class=\"_ _92\"></span>lan assets as at 31/12 <span class=\"_ _b7\"> </span><span class=\"fc4 ls31 ws0\">3.1 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">3.1 </span></span>Plan assets <span class=\"_ _2e2\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _123\"> </span><span class=\"ls134 wsb1b\">in % </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Bonds <span class=\"_ _2e3\"> </span><span class=\"fc4 ls0\">100.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">100.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _1f7\"> </span><span class=\"fc4 ls18\">100.0 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">100.0 </span></span>Analysis of other personnel-related p<span class=\"_ _43\"></span>ro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions <span class=\"_ _253\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span>Provision for bonuses from the performance-based  remuneration system  <span class=\"_ _2b5\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _162\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _9c\"> </span></span><span class=\"ls0\">26.4 <span class=\"_ _ac\"> </span></span><span class=\"ff2f fc0\">33.7 </span></span>Provision for anniversary bonus<span class=\"_ _92\"></span>es <span class=\"_ _6b\"> </span><span class=\"fc4 ls0 ws0\">20.0 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">17.2 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Other <span class=\"_ _2dd\"> </span><span class=\"fc4 ls0\">5.2 <span class=\"_ _24c\"> </span></span><span class=\"ff2f ls18\">4.1 <span class=\"_ _60\"> </span></span><span class=\"fc4 ls0\">0.5 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">0.2 </span>Other personnel-related pro<span class=\"_ _92\"></span>visions <span class=\"_ _162\"> </span><span class=\"fc4 ls18 ws0\">25.2<span class=\"_ _92\"></span> <span class=\"_ _9a\"> </span><span class=\"ff2c fc0\">21.3 <span class=\"_ _133\"> </span></span>26.9 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">33.9 </span></span>Reconciliation of other pe<span class=\"ls14c ws55e\">r<span class=\"_ _92\"></span>sonnel-related pr<span class=\"_ _92\"></span>ovisions <span class=\"_ _1ca\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Carrying amount as at 1/1 <span class=\"_ _d1\"> </span><span class=\"fc4 ls49 ws0\">4<span class=\"_ _43\"></span>3.5 <span class=\"_ _133\"> </span><span class=\"ff2c fc0 ls18\">52.1 </span></span>of which non-current <span class=\"_ _1f5\"> </span><span class=\"fc4 ls0 ws0\">22.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">25.2 </span></span>of which current <span class=\"_ _2e4\"> </span><span class=\"fc4 ls0 ws0\">21.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">26.9 </span></span>Change in the basis of consolidation <span class=\"_ _e0\"> </span><span class=\"fc4 ls0 ws0\">5.9 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>New pro<span class=\"_ _0\"></span>visions <span class=\"_ _1d0\"> </span><span class=\"fc4 ls0 ws0\">20.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">28.1 </span></span>Interest accrued <span class=\"_ _2d9\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.2 </span></span>Appropriation <span class=\"_ _2c8\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>17.6 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">21.0<span class=\"_ _92\"></span> </span></span></span>Reversal <span class=\"_ _2e5\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4.<span class=\"_ _92\"></span>1 </span></span></span>Carrying amount as at 31/12 <span class=\"_ _26c\"> </span><span class=\"fc4 ls18 ws0\">52.1<span class=\"_ _92\"></span> <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">55.3 </span></span>of which non-current <span class=\"_ _1f5\"> </span><span class=\"fc4 ls0 ws0\">25.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">21.4 </span></span>of which current <span class=\"_ _2e4\"> </span><span class=\"fc4 ls0 ws0\">26.9 <span class=\"_ _de\"> </span><span class=\"fc0\">33.9<span class=\"_ _333\"> </span></span></span><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs1070\">9.2.5  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls202 wsb15 gs1071\">Other  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lse9 ws0 gs1072\">perso<span class=\"_ _43\"></span>nne<span class=\"_ _43\"></span>l-rel<span class=\"_ _43\"></span>ated<span class=\"_ _43\"></span> </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsff ws0 gs1073\">provisions </div>9.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1b7 ws92a\">Other provision<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span></span><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws552 gs1083\">Reconciliation of other pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions 2022 <span class=\"_ _229\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1084\">  <span class=\"_ _208\"> </span><span class=\"ff2f ls1a ws24\">Dismantling and </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1085\">decontamination costs </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs1086\">Other <span class=\"_ _20a\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs1087\">Carrying amount as at 1/1/2022 <span class=\"_ _1c6\"> </span><span class=\"ls0 ws0\">36.3 <span class=\"_ _ba\"> </span>90.7 <span class=\"_ _da\"> </span>127.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs1088\">of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">34.4 <span class=\"_ _ba\"> </span>76.3 <span class=\"_ _d5\"> </span>110.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1089\">of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">1.9 <span class=\"_ _ba\"> </span>14.4 <span class=\"_ _14c\"> </span>16.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs108a\">New pro<span class=\"_ _0\"></span>visions <span class=\"_ _cf\"> </span><span class=\"ls0 ws0\">3.0 <span class=\"_ _18c\"> </span>8.6 <span class=\"_ _14c\"> </span>11.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws31 gs108b\">Interest accrued <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.0 <span class=\"_ _18e\"> </span>1.3 <span class=\"_ _6b\"> </span>\u2013<span class=\"_ _92\"></span><span class=\"fsa\"> <span class=\"_ _43\"></span><span class=\"fs8\">0.7 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws0 gs108c\">Appropriation <span class=\"_ _eb\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.7 <span class=\"_ _d9\"> </span>\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _96\"> </span>\u2013<span class=\"fsa\"> </span>11.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs108d\">Reversal <span class=\"_ _e4\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>5.6 <span class=\"_ _d9\"> </span>\u2013<span class=\"fsa\"> </span>4.7 <span class=\"_ _96\"> </span>\u2013<span class=\"fsa\"> </span>10.3 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls21 wsb53 gs108e\">Carrying amount as at 31/12/<span class=\"_ _92\"></span>2022 <span class=\"_ _3a\"> </span><span class=\"ls18 ws0\">29.9 <span class=\"_ _d9\"> </span>86.1 <span class=\"_ _97\"> </span>116.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs108f\">of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">26.4 <span class=\"_ _ba\"> </span>74.3 <span class=\"_ _d5\"> </span>100.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1090\">of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">3.6 <span class=\"_ _ba\"> </span>11.8 <span class=\"_ _14c\"> </span>15.4 </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws552 gs1091\">Reconciliation of other pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions 2021 <span class=\"_ _229\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1092\">  <span class=\"_ _208\"> </span><span class=\"ff2f ls1a ws24\">Dismantling and </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1093\">decontamination costs </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs1094\">Other <span class=\"_ _20a\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs1095\">Carrying amount as at 1/1/2021 <span class=\"_ _1c6\"> </span><span class=\"ls0 ws0\">35.9 <span class=\"_ _65\"> </span>90.2 <span class=\"_ _da\"> </span>126.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs1096\">of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">33.3 <span class=\"_ _65\"> </span>76.2 <span class=\"_ _da\"> </span>109.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1097\">of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">2.6 <span class=\"_ _65\"> </span>14.0 <span class=\"_ _58\"> </span>16.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1098\">Change in the basis of consolidation <span class=\"_ _288\"> </span><span class=\"ls0 ws0\">4.0 <span class=\"_ _138\"> </span>2.7 <span class=\"_ _24b\"> </span>6.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs1099\">New pro<span class=\"_ _0\"></span>visions <span class=\"_ _cf\"> </span><span class=\"ls0 ws0\">1.3 <span class=\"_ _138\"> </span>7.2 <span class=\"_ _24b\"> </span>8.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws31 gs109a\">Interest accrued <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _126\"> </span>0.4 <span class=\"_ _2b9\"> </span>0.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws0 gs109b\">Appropriation <span class=\"_ _eb\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.9 <span class=\"_ _bd\"> </span>\u2013<span class=\"fsa\"> </span>7.6 <span class=\"_ _6b\"> </span>\u2013<span class=\"fsa\"> </span>8.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs109c\">Reversal <span class=\"_ _e4\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _bd\"> </span>\u2013<span class=\"fsa\"> </span>2.1 <span class=\"_ _6b\"> </span>\u2013<span class=\"fsa\"> </span>5.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs109d\">Currency translation <span class=\"_ _ce\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _138\"> </span>0.0 <span class=\"_ _2e7\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls21 wsb53 gs109e\">Carrying amount as at 31/12/<span class=\"_ _92\"></span>2021 <span class=\"_ _3a\"> </span><span class=\"ls31 ws0\">36.3 <span class=\"_ _162\"> </span><span class=\"ls18\">90.7 <span class=\"_ _18c\"> </span>127.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs109f\">of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">34.4 <span class=\"_ _65\"> </span>76.3 <span class=\"_ _da\"> </span>110.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs10a0\">of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">1.9 <span class=\"_ _65\"> </span>14.4 <span class=\"_ _58\"> </span>16.3<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls13c ws42 gs10a2\">9.3.1  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 ls202 wsb15 gs10a3\">Other  </div><div class=\"t m0 h19 ff2c fs6 fc4 sc0 lsff ws0 gs10a4\">provisions </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws145 gs12b7\">Pending court p<span class=\"_ _92\"></span>roceedings relat<span class=\"_ _92\"></span>e mainly to the following m<span class=\"_ _92\"></span>atters<span class=\"_ _43\"></span>: </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs12b8\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ws3fd\">Flooding of the Drau River in 2012: Claims for da<span class=\"ls7a ws75a\">mages under civil la<span class=\"_ _92\"></span>w amount to \u20ac108.7m (previous </span></span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls0 ws2e6 gs12b9\">year<span class=\"_ _43\"></span>: \u20ac109.3m). VERBUND is contesti<span class=\"ls63 ws551\">ng both the amounts and merits of these claims<span class=\"_ _92\"></span>. No disclosures </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws72e gs12ba\">hav<span class=\"_ _92\"></span>e been provided in r<span class=\"_ _92\"></span>espect of any contingen<span class=\"_ _92\"></span>t liab<span class=\"ls79 ws200\">ilities or provisions th<span class=\"_ _92\"></span>at may arise in relation to </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws2d3 gs12bb\">these claims for dam<span class=\"_ _92\"></span>ages because it is likely<span class=\"_ _92\"></span> that such note disclo<span class=\"_ _92\"></span>sures would seriously pr<span class=\"_ _92\"></span>ejudice </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs12bc\">VERBUND\u2019<span class=\"_ _14\"></span>s position in the pr<span class=\"_ _92\"></span>oceedings. </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs12bd\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls63 ws811\">Arbitration pr<span class=\"_ _92\"></span>oceedings GC<span class=\"_ _43\"></span>A: In J<span class=\"_ _92\"></span>anuar<span class=\"_ _43\"></span>y 2020, GCA was informed of the initiation of arbitration<span class=\"_ _92\"></span> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws4b6 gs12be\">proceedings b<span class=\"_ _92\"></span>y a transportation cus<span class=\"_ _92\"></span>tomer under Article 4 of th<span class=\"_ _92\"></span>e Internation<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l Chamber of Com<span class=\"_ _92\"></span>merce </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws72e gs12bf\">(ICC) Rules of Arbitr<span class=\"_ _92\"></span>ation. The subject of the pr<span class=\"_ _92\"></span>oceedings is contracts for the pr<span class=\"_ _92\"></span>ovision of capacities </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb2 wsbda gs12c0\">for the transportation of natur<span class=\"_ _0\"></span>al gas. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e amount <span class=\"ls19 ws9c3\">in dispute is appro<span class=\"_ _92\"></span>x<span class=\"_ _43\"></span>imately \u20ac194.0m (previous year: </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls19 ws9c3 gs12c1\">approximately \u20ac194.0m). <span class=\"_ _92\"></span>No disclosure<span class=\"ls80 ws4f8\">s have <span class=\"_ _92\"></span>been provided in respect <span class=\"ls79\">of any contingent liabilities or </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws512 gs12c2\">pro<span class=\"_ _92\"></span>visions that ma<span class=\"_ _92\"></span>y arise in relation to these c<span class=\"_ _92\"></span>laims for damages because i<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> is likely <span class=\"_ _92\"></span>that such note </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws81 gs12c3\">disclosures wou<span class=\"_ _92\"></span>ld seriously prejudice <span class=\"ls67 ws66\">GCA<span class=\"_ _14\"></span>\u2019<span class=\"_ _14\"></span>s position in these pr<span class=\"_ _92\"></span>oceedings.  </span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs12c4\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls95 ws876\">Amortisation of goodwill fo<span class=\"_ _92\"></span>r the equity interest in VERB<span class=\"_ _92\"></span>UND Innkraftwerke <span class=\"_ _92\"></span>GmbH claimed for tax </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls79 ws127 gs12c5\">purposes for the years 2014\u2013</div><div class=\"t m0 h7 ff28 fs9 fc0 sc0 ls0 ws0 gs12c6\"> <span class=\"fs2 ls79 ws127\">2023: the appeal against the <span class=\"_ _92\"></span>notice of assessment remains pending. <span class=\"_ _88\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws491 gs300\">The tax benefit for these y<span class=\"_ _92\"></span>ears (reduction of tax paymen<span class=\"_ _92\"></span>ts in the amount of<span class=\"_ _92\"></span> \u20ac7.9m per year) is </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls46 ws2c6 gs12c7\">recognised in accordance with <span class=\"ls87 wsbdb\">VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s accounting policies <span class=\"ls63 ws208\">if it is reas<span class=\"ls28 ws2ae\">onably likely.<span class=\"_ _333\"> </span></span></span></span><span class=\"ls87 wsbdb\"><span class=\"ls63 ws208\"><span class=\"ls28 ws2ae\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-585": {
   "value": "9.<span class=\"ff36 ls0\"> <span class=\"_ _a6\"> </span></span><span class=\"ls269\">Provision<span class=\"_ _92\"></span>s</span><span class=\"ls269\"> </span>9.1<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls124 ws2ca\">Provision<span class=\"_ _92\"></span>s in the Group<span class=\"_ _333\"> </span></span>Non-current and current provis<span class=\"_ _43\"></span>ions can be broke<span class=\"_ _43\"></span>n down as follows: Non-current an<span class=\"_ _92\"></span>d current provis<span class=\"_ _0\"></span>ions <span class=\"_ _55\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span>Provisions for pensions <span class=\"_ _18b\"> </span><span class=\"fc4 ls0 ws0\">429.7 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">301.2 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Provisions for obligations  similar to pensions <span class=\"_ _13e\"> </span><span class=\"fc4 ls0 ws0\">143.9 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">98.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Provisions for termination benefi<span class=\"_ _92\"></span>ts <span class=\"_ _65\"> </span><span class=\"fc4 ls0 ws0\">120.1 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls49\">9<span class=\"_ _43\"></span>3.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Provisions for par<span class=\"ls27 ws27\">tial retireme<span class=\"_ _92\"></span>nt <span class=\"_ _1d8\"> </span><span class=\"fc4 ls0 ws0\">3.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.5 <span class=\"_ _16c\"> </span></span>1.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span></span>Other personnel-related prov<span class=\"_ _92\"></span>isions <span class=\"_ _b5\"> </span><span class=\"fc4 ls0 ws0\">25.2 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">21.4 <span class=\"_ _9c\"> </span></span>26.9 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls31\">33.9 </span></span>Other provisions <span class=\"_ _194\"> </span><span class=\"fc4 ls0 ws0\">110.7 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">100.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2a fc4 ls0\">16.3 <span class=\"_ _ac\"> </span></span>15.4 </span></span>Non-current and current pro<span class=\"_ _92\"></span>visions <span class=\"_ _60\"> </span><span class=\"fc4 ls18 ws0\">832.9 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">619.5 <span class=\"_ _133\"> </span></span>44.7 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">50.9<span class=\"_ _333\"> </span></span></span>9.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 ws963\">P<span class=\"_ _14\"></span>ersonnel provisions<span class=\"_ _333\"> </span></span>Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span>T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span>(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G<span class=\"_ _333\"> </span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2022 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>2.38 % <span class=\"_ _6c\"> </span>2.49 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>5.17 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.76 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">4.81 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>4.79 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2022 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.18 % <span class=\"_ _6c\"> </span>3.35 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>6.81 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.18 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.71 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.56 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2022 <span class=\"_ _1cc\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.75 % <span class=\"_ _6c\"> </span>1.80 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.48 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.00 % <span class=\"_ _6a\"> </span>0.00 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or <span class=\"ls152 ws770\">net pension liability 2021 <span class=\"_ _1c8\"> </span></span><span class=\"ff2a fs7 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in net liability of If assumption decreases, change in net liability of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.10 % <span class=\"_ _6c\"> </span>3.27 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _2dc\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>6.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.01 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">5.65 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>5.54 % </span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or obligations sim<span class=\"_ _92\"></span>ilar to pensions 2021 <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _142\"> </span><span class=\"ff2f ls37 ws26\">Change in </span>assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.94 % <span class=\"_ _6c\"> </span>4.20 % </span>T<span class=\"_ _14\"></span>rend of contributions based on hospital co<span class=\"_ _92\"></span>st index <span class=\"_ _b5\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _69\"> </span>8.35 % <span class=\"_ _1c5\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>7.46 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">7.00 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>6.66 %<span class=\"_ _333\"> </span></span></span>Sensitivity analysis f<span class=\"_ _92\"></span>or termination benefit obliga<span class=\"_ _92\"></span>tions 2021 Change in assumption in percentage points or year<span class=\"_ _92\"></span>s If assumption increases, change in obligation of If assumption decreases, change in obligation of Discount rate <span class=\"_ _af\"> </span><span class=\"ls5b ws5c\">0.25 % <span class=\"_ _5a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>1.91 % <span class=\"_ _6c\"> </span>1.97 % </span>Salary increases <span class=\"_ _48\"> </span><span class=\"ls5b ws5c\">0.50 % <span class=\"_ _5b\"> </span>3.87 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>3.68 % </span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table <span class=\"_ _31\"> </span><span class=\"ls26 ws26\">1 year <span class=\"_ _5b\"> </span><span class=\"ls5b ws5c\">0.03 % <span class=\"_ _26\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span></span>0.04 %<span class=\"_ _333\"> </span></span></span><span class=\"ls26 ws26\"><span class=\"ls5b ws5c\"> </span></span>Reconcilia<span class=\"_ _43\"></span>tion from defin<span class=\"_ _43\"></span>ed benefit<span class=\"_ _43\"></span> obligation<span class=\"_ _43\"></span> to provision <span class=\"_ _2b7\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Defined benefit obligation  cov<span class=\"_ _92\"></span>ered by plan assets <span class=\"_ _4c\"> </span><span class=\"fc4 ls0 ws0\">298.9 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls18\">224.0 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Fair value of plan asse<span class=\"_ _92\"></span>ts <span class=\"_ _17e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>190.9 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">156.4 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Net value of obligations  cov<span class=\"_ _92\"></span>ered by plan assets <span class=\"_ _259\"> </span><span class=\"fc4 ls18 ws0\">108.0 <span class=\"_ _45\"> </span><span class=\"ff2c fc0\">67.6 <span class=\"_ _bd\"> </span></span><span class=\"ls0\">\u2013 <span class=\"_ _fe\"> </span><span class=\"ff2c fc0\">\u2013 </span></span></span>Defined benefit obligation  not cov<span class=\"_ _92\"></span>ered by plan assets 321.6 <span class=\"_ _125\"> </span><span class=\"ff2f fc0 ls31\">233.5<span class=\"_ _43\"></span> <span class=\"_ _3\"> </span></span>143.8 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">98.9 </span>Carrying amount of pro<span class=\"_ _92\"></span>visions  as at 31/12 429.6 <span class=\"_ _a3\"> </span><span class=\"ff2c fc0\">301.1 <span class=\"_ _125\"> </span></span><span class=\"ls49\">143.8 <span class=\"_ _133\"> </span></span><span class=\"ff2c fc0\">98.9 </span>P<span class=\"_ _92\"></span>ension expenses <span class=\"_ _72\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.4 <span class=\"_ _60\"> </span></span>2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.0 </span></span>Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _1ca\"> </span><span class=\"fc4 ls0 ws0\">3.6 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">4.1 <span class=\"_ _24c\"> </span></span>1.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.8 </span></span>P<span class=\"_ _92\"></span>ension expenses  (recognised in profit for the period) <span class=\"_ _97\"> </span><span class=\"fc4 ls18 ws0\">7.9 <span class=\"_ _123\"> </span><span class=\"ff2c fc0\">7.5 <span class=\"_ _16e\"> </span></span>4.0 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">3.8 </span></span>Remeasurements of the net liability <span class=\"_ _e3\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>56.5 <span class=\"_ _117\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">114.1 <span class=\"_ _125\"> </span></span></span>\u2013<span class=\"fsa\"> </span>26.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">44.1 </span></span></span>P<span class=\"_ _92\"></span>ension expenses  (recognised in total comprehensive income for the period) <span class=\"_ _d3\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">48.6 <span class=\"_ _4b\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">106.6 <span class=\"_ _51\"> </span></span></span>\u2013<span class=\"fsa\"> </span><span class=\"ls31\">22.3 <span class=\"_ _3c\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">40.3<span class=\"_ _333\"> </span></span></span></span>Reconciliation of define<span class=\"ls17a wsba5\">d ben<span class=\"_ _92\"></span>efit obligation  <span class=\"_ _27c\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Defined benefit obligation as at 1/1 <span class=\"_ _ba\"> </span><span class=\"fc4 ls0 ws0\">612.6 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">620.4 <span class=\"_ _53\"> </span></span>170.6 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls49\">14<span class=\"_ _43\"></span>3.8 </span></span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _17d\"> </span><span class=\"fc4 ls0 ws0\">75.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _60\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">4.3 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls31\">3.4 <span class=\"_ _60\"> </span></span>2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.0 </span></span>P<span class=\"_ _92\"></span>ension payments or contributions to supplementary h<span class=\"_ _92\"></span>ealth insurance (benefit pa<span class=\"_ _92\"></span>yments) <span class=\"_ _20e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>36.0 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">36.1 <span class=\"_ _133\"> </span></span></span>\u2013<span class=\"fsa\"> </span>4.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4.6 </span></span></span>Interest ex<span class=\"_ _92\"></span>penses <span class=\"_ _75\"> </span><span class=\"fc4 ls0 ws0\">4.9 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">6.1 <span class=\"_ _60\"> </span></span>1.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.8 </span></span>Remeasurements based on experience adju<span class=\"_ _92\"></span>stments <span class=\"_ _18f\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>12.0 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.4 <span class=\"_ _133\"> </span></span>\u2013<span class=\"fsa\"> </span>8.3 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.2 </span></span></span>Remeasurements arising from changes in demographic assumptions <span class=\"_ _e3\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _24c\"> </span></span>0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">2.5 </span></span>Remeasurements arising from changes in financial assumptions \u2013<span class=\"fsa\"> </span>28.6 <span class=\"_ _117\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">136.7 <span class=\"_ _157\"> </span></span></span>\u2013<span class=\"fsa\"> </span>18.0 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">43.4 </span></span>Defined benefit obligation as at 31/12 <span class=\"_ _53\"> </span><span class=\"fc4 ls18 ws0\">620.4 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">457.5 <span class=\"_ _157\"> </span></span><span class=\"ls49\">143.8 <span class=\"_ _133\"> </span></span><span class=\"ff2c fc0\">98.9 </span></span>On 31 <span class=\"_ _86\"></span>D<span class=\"_ _43\"></span>ecember 2022, the weighted aver<span class=\"_ _92\"></span>age du<span class=\"lsbc wsba6\">ration of the pension obligation was 10 <span class=\"_ _86\"></span>years </span>(previous year<span class=\"_ _43\"></span>: 13 <span class=\"_ _80\"></span>years) and that of the obligations<span class=\"_ _43\"></span><span class=\"ls70 wsba7\"> similar to pensions was 14 <span class=\"_ _80\"></span>years (previous year<span class=\"_ _43\"></span>: </span>17 years).<span class=\"_ _333\"> </span>Reconciliation of plan assets <span class=\"_ _79\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1d\">P<span class=\"_ _92\"></span>ension </span>obligations P<span class=\"_ _92\"></span>ension obligations Obligations similar to pensions Obligations similar to pensions Fair value of plan assets <span class=\"_ _92\"></span>as at 1/1 <span class=\"_ _126\"> </span><span class=\"fc4 ls0 ws0\">157.1 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls18\">190.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Additions from business <span class=\"_ _92\"></span>acquisitions <span class=\"_ _17d\"> </span><span class=\"fc4 ls0 ws0\">30.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.0 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Contributions by VERBUND <span class=\"_ _17e\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">0.5 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>P<span class=\"_ _92\"></span>ayouts (ben<span class=\"_ _92\"></span>efit payments) <span class=\"_ _148\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>14.1 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">14.6 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Interest income <span class=\"_ _3e\"> </span><span class=\"fc4 ls0 ws0\">1.4 <span class=\"_ _24c\"> </span><span class=\"ff2f fc0 ls18\">1.9 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Other gains (+) or<span class=\"_ _92\"></span> losses (\u2013) <span class=\"_ _d4\"> </span><span class=\"fc4 ls0 ws0\">15.9 <span class=\"_ _51\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">22.3 <span class=\"_ _162\"> </span></span></span><span class=\"ls31\">\u2013 <span class=\"_ _fe\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Fair value of p<span class=\"_ _92\"></span>lan assets as at 31/12 <span class=\"_ _12e\"> </span><span class=\"fc4 ls18 ws0\">190.9 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">156.4 <span class=\"_ _162\"> </span></span><span class=\"ls0\">\u2013 <span class=\"_ _9e\"> </span><span class=\"ff2c fc0\">\u2013 </span></span></span>The investment and risk ass<span class=\"_ _43\"></span>ociation in th<span class=\"_ _43\"></span>e pension fund att<span class=\"_ _43\"></span>ributable<span class=\"_ _43\"></span> to VERBUND realised a loss of \u20ac20.4m in the 2022 reporting period (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: gain<span class=\"ls26 ws5d6\"> of \u20ac17.3m). The deficit r<span class=\"_ _92\"></span>epresents the portion </span>of pension obli<span class=\"_ _92\"></span>gations not cover<span class=\"_ _92\"></span>ed by plan assets; these rela<span class=\"_ _92\"></span>te primarily to direct commitmen<span class=\"_ _92\"></span>ts to pension recipients<span class=\"_ _92\"></span>. In the 2023 reporting period, curr<span class=\"_ _92\"></span><span class=\"ls96 ws509\">ent contributions to the pension fund for coverage </span>of defined contribution plans ar<span class=\"_ _92\"></span>e expected in the amount of \u20ac7.<span class=\"_ _92\"></span>0m (previous year<span class=\"_ _43\"></span>: \u20ac0.0m.).<span class=\"_ _333\"> </span>Plan assets <span class=\"_ _15\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _123\"> </span><span class=\"ls134 wsb1b\">in % </span></span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _18e\"> </span><span class=\"ls31\">  <span class=\"_ _3\"> </span></span><span class=\"ff2c fc0\">2022 <span class=\"_ _2\"> </span>2022 </span></span>  <span class=\"_ _d\"> </span><span class=\"ff2f fc4 lscc\">Quoted <span class=\"_ _9a\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _f3\"> </span></span><span class=\"fc0\">Quoted <span class=\"_ _9d\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span></span></span>Shares <span class=\"_ _1db\"> </span><span class=\"fc4 ls0\">41.7 <span class=\"_ _9c\"> </span>41.7 <span class=\"_ _133\"> </span></span><span class=\"ff2f ls29\">37<span class=\"_ _43\"></span>.9 <span class=\"_ _12b\"> </span>37<span class=\"_ _43\"></span>.9 </span>Bonds <span class=\"_ _1b2\"> </span><span class=\"fc4 ls0\">33.6 <span class=\"_ _9c\"> </span>33.6 <span class=\"_ _133\"> </span></span><span class=\"ff2f ls31\">32.3 <span class=\"_ _ac\"> </span>32.3 </span>Money market <span class=\"_ _33\"> </span><span class=\"fc4 ls0 ws0\">7.0 <span class=\"_ _60\"> </span>7.0 <span class=\"_ _60\"> </span><span class=\"ff2f fc0 ls18\">7.6 <span class=\"_ _47\"> </span>7.6 </span></span>Other investments <span class=\"_ _1a9\"> </span><span class=\"fc4 ls0 ws0\">17.7 <span class=\"_ _9c\"> </span>17.7 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">22.2 <span class=\"_ _12b\"> </span>22.2 </span></span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _c0\"> </span><span class=\"fc4 ls18\">100.0 <span class=\"_ _125\"> </span>100.0 <span class=\"_ _11b\"> </span><span class=\"ff2c fc0\">100.0 <span class=\"_ _3c\"> </span>100.0<span class=\"_ _333\"> </span></span></span>Analysis of the<span class=\"_ _92\"></span> provisions f<span class=\"_ _92\"></span>or termination benefits <span class=\"_ _230\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Provisions for statutory termination <span class=\"_ _92\"></span>benefits <span class=\"_ _c0\"> </span><span class=\"fc4 ls0 ws0\">119.1 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls49\">93.4 </span></span>Provisions fo<span class=\"_ _92\"></span>r termination benefits from special agreemen<span class=\"_ _92\"></span>ts  in accordance with social plan 0.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.5 </span>Carrying amount of pr<span class=\"ls1d ws35e\">o<span class=\"_ _92\"></span>visions as at 31/12 <span class=\"_ _282\"> </span><span class=\"fc4 ls18 ws0\">120.0<span class=\"_ _92\"></span> <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">93.9 </span></span></span>Expen<span class=\"_ _43\"></span>se for termi<span class=\"_ _43\"></span>natio<span class=\"_ _43\"></span>n benefit<span class=\"_ _43\"></span> costs <span class=\"_ _2de\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Service costs <span class=\"_ _1f4\"> </span><span class=\"fc4 ls0 ws0\">1.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.6 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Expense for termination benefit costs (recognised in profit f<span class=\"_ _92\"></span>or the peri<span class=\"_ _43\"></span>od) <span class=\"_ _9e\"> </span><span class=\"fc4 ls18 ws0\">1.6 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.8 </span></span>Remeasurements of termination be<span class=\"_ _92\"></span>nefits <span class=\"_ _eb\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.3 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">13.8 </span></span></span>Expenses for termination benefit costs  (recognised in total comprehensive income for the period) <span class=\"_ _40\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1.7 <span class=\"_ _51\"> </span></span><span class=\"ff2c fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">12.0<span class=\"_ _333\"> </span></span></span></span>Reconcilia<span class=\"_ _43\"></span>tion of defi<span class=\"_ _43\"></span>ned benefit<span class=\"_ _43\"></span> obligatio<span class=\"_ _43\"></span>n for statutory t<span class=\"_ _43\"></span>ermination <span class=\"_ _43\"></span>benefits  <span class=\"_ _6b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Defined benefit obligation as at 1/1 <span class=\"_ _6f\"> </span><span class=\"fc4 ls0 ws0\">123.8 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">119.1 </span></span>Change in the basis of consolidation <span class=\"_ _29b\"> </span><span class=\"fc4 ls0 ws0\">10.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _2df\"> </span><span class=\"fc4 ls0 ws0\">1.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Interest ex<span class=\"_ _92\"></span>penses <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0 ws0\">0.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>T<span class=\"_ _14\"></span>ermination benefits (ben<span class=\"_ _92\"></span>efit payments) <span class=\"_ _2de\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>13.5 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> <span class=\"_ _92\"></span><span class=\"fs8 ls31\">1<span class=\"_ _43\"></span>3.7 </span></span></span></span>Remeasurements bas<span class=\"_ _92\"></span>ed on experience adjustm<span class=\"_ _92\"></span>ents <span class=\"_ _ae\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.5 </span></span>Remeasurements arising f<span class=\"_ _92\"></span>rom changes in demographic assumptions<span class=\"_ _92\"></span> <span class=\"_ _13a\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span>Remeasurements arising from chan<span class=\"_ _92\"></span><span class=\"ls0 ws0\">ges in financial assumptions <span class=\"_ _18f\"> </span><span class=\"fc4\">\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _53\"> </span></span><span class=\"ff2f\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">16.2 </span></span></span>Defined benefit obligation as at 31/12 <span class=\"_ _208\"> </span><span class=\"fc4 ls18 ws0\">119.1 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">93.4<span class=\"_ _333\"> </span></span></span>Reconcili<span class=\"_ _43\"></span>ation from defi<span class=\"_ _43\"></span>ned benefit<span class=\"_ _43\"></span> oblig<span class=\"_ _43\"></span>ation to p<span class=\"_ _43\"></span>rovisions <span class=\"_ _13a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Defined benefit obligation co<span class=\"_ _92\"></span>vered by plan assets <span class=\"_ _1a7\"> </span><span class=\"fc4 ls0 ws0\">7.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">8.1 </span></span>Fair value of plan asse<span class=\"_ _92\"></span>ts <span class=\"_ _2e0\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>3.1 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.1 </span></span></span>Carrying amount of pr<span class=\"ls1d ws35e\">o<span class=\"_ _92\"></span>visions as at 31/12 <span class=\"_ _18\"> </span><span class=\"fc4 ls18 ws0\">4.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">5.0 </span></span></span>Expenses for<span class=\"_ _92\"></span> partial retirement<span class=\"_ _92\"></span> <span class=\"_ _f5\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>Service costs <span class=\"_ _1f4\"> </span><span class=\"fc4 ls0 ws0\">1.5 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span>Remeasurements <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0\">0.2 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.9 </span>Expenses for partial re<span class=\"lsca ws30\">tirement (recognised in pr<span class=\"_ _92\"></span>ofit <span class=\"_ _43\"></span>for the period) <span class=\"_ _281\"> </span><span class=\"fc4 ls18 ws0\">1.7 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">2.5 </span></span></span>Reconciliation of defi<span class=\"ls17a wsbae\">ned ben<span class=\"_ _92\"></span>efit obligation <span class=\"_ _78\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Defined benefit obligation as at 1/1 <span class=\"_ _20d\"> </span><span class=\"fc4 ls0 ws0\">7.8 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">7.9 </span></span>Change in the basis of consolidation <span class=\"_ _e0\"> </span><span class=\"fc4 ls0 ws0\">0.3 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Service costs (vested cl<span class=\"_ _92\"></span>aims) <span class=\"_ _2df\"> </span><span class=\"fc4 ls0 ws0\">1.5 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.6 </span></span>Net interest e<span class=\"_ _92\"></span>xpense <span class=\"_ _d6\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>P<span class=\"_ _92\"></span>ayments for early<span class=\"_ _92\"></span> retirement <span class=\"_ _2e1\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.3 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">2.3 </span></span></span>Remeasurements <span class=\"_ _1c7\"> </span><span class=\"fc4 ls0\">0.6 <span class=\"_ _47\"> </span></span><span class=\"ff2f ls18\">0.9 </span>Defined benefit obligation as at 31/12 <span class=\"_ _ad\"> </span><span class=\"fc4 ls18 ws0\">7.9 <span class=\"_ _16c\"> </span><span class=\"fc0\">8.1<span class=\"_ _333\"> </span></span></span>Reconciliation of plan assets <span class=\"_ _26a\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Fair value of plan assets <span class=\"_ _92\"></span>as at 1/1 <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">2.7 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">3.1 </span></span>Other gains (+) or<span class=\"_ _92\"></span> losses (\u2013) <span class=\"_ _c9\"> </span><span class=\"fc4 ls0 ws0\">0.4 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>Fair value of p<span class=\"_ _92\"></span>lan assets as at 31/12 <span class=\"_ _b7\"> </span><span class=\"fc4 ls31 ws0\">3.1 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">3.1 </span></span>Plan assets <span class=\"_ _2e2\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _123\"> </span><span class=\"ls134 wsb1b\">in % </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Bonds <span class=\"_ _2e3\"> </span><span class=\"fc4 ls0\">100.0 <span class=\"_ _16a\"> </span></span><span class=\"ff2f ls18\">100.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _1f7\"> </span><span class=\"fc4 ls18\">100.0 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">100.0 </span></span>Analysis of other personnel-related p<span class=\"_ _43\"></span>ro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions <span class=\"_ _253\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022 <span class=\"_ _127\"> </span></span>2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _c3\"> </span><span class=\"ff2f fc4 ls1d\">Non-current <span class=\"_ _b\"> </span><span class=\"fc0\">Non-current <span class=\"_ _4a\"> </span></span><span class=\"ls5d\">Current <span class=\"_ _132\"> </span><span class=\"fc0\">Current </span></span></span>Provision for bonuses from the performance-based  remuneration system  <span class=\"_ _2b5\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _162\"> </span><span class=\"ff2f fc0 ls0\">\u2013 <span class=\"_ _9c\"> </span></span><span class=\"ls0\">26.4 <span class=\"_ _ac\"> </span></span><span class=\"ff2f fc0\">33.7 </span></span>Provision for anniversary bonus<span class=\"_ _92\"></span>es <span class=\"_ _6b\"> </span><span class=\"fc4 ls0 ws0\">20.0 <span class=\"_ _133\"> </span><span class=\"ff2f fc0 ls18\">17.2 <span class=\"_ _162\"> </span></span><span class=\"ls31\">\u2013 <span class=\"_ _9e\"> </span></span><span class=\"ff2f fc0\">\u2013 </span></span>Other <span class=\"_ _2dd\"> </span><span class=\"fc4 ls0\">5.2 <span class=\"_ _24c\"> </span></span><span class=\"ff2f ls18\">4.1 <span class=\"_ _60\"> </span></span><span class=\"fc4 ls0\">0.5 <span class=\"_ _46\"> </span></span><span class=\"ff2f ls18\">0.2 </span>Other personnel-related pro<span class=\"_ _92\"></span>visions <span class=\"_ _162\"> </span><span class=\"fc4 ls18 ws0\">25.2<span class=\"_ _92\"></span> <span class=\"_ _9a\"> </span><span class=\"ff2c fc0\">21.3 <span class=\"_ _133\"> </span></span>26.9 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">33.9 </span></span>Reconciliation of other pe<span class=\"ls14c ws55e\">r<span class=\"_ _92\"></span>sonnel-related pr<span class=\"_ _92\"></span>ovisions <span class=\"_ _1ca\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Carrying amount as at 1/1 <span class=\"_ _d1\"> </span><span class=\"fc4 ls49 ws0\">4<span class=\"_ _43\"></span>3.5 <span class=\"_ _133\"> </span><span class=\"ff2c fc0 ls18\">52.1 </span></span>of which non-current <span class=\"_ _1f5\"> </span><span class=\"fc4 ls0 ws0\">22.0 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">25.2 </span></span>of which current <span class=\"_ _2e4\"> </span><span class=\"fc4 ls0 ws0\">21.5 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">26.9 </span></span>Change in the basis of consolidation <span class=\"_ _e0\"> </span><span class=\"fc4 ls0 ws0\">5.9 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>New pro<span class=\"_ _0\"></span>visions <span class=\"_ _1d0\"> </span><span class=\"fc4 ls0 ws0\">20.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">28.1 </span></span>Interest accrued <span class=\"_ _2d9\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.2 </span></span>Appropriation <span class=\"_ _2c8\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>17.6 <span class=\"_ _3\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">21.0<span class=\"_ _92\"></span> </span></span></span>Reversal <span class=\"_ _2e5\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">4.<span class=\"_ _92\"></span>1 </span></span></span>Carrying amount as at 31/12 <span class=\"_ _26c\"> </span><span class=\"fc4 ls18 ws0\">52.1<span class=\"_ _92\"></span> <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">55.3 </span></span>of which non-current <span class=\"_ _1f5\"> </span><span class=\"fc4 ls0 ws0\">25.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">21.4 </span></span>of which current <span class=\"_ _2e4\"> </span><span class=\"fc4 ls0 ws0\">26.9 <span class=\"_ _de\"> </span><span class=\"fc0\">33.9<span class=\"_ _333\"> </span></span></span>9.3<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls1b7 ws92a\">Other provision<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span></span>Reconciliation of other pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions 2022 <span class=\"_ _229\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _208\"> </span><span class=\"ff2f ls1a ws24\">Dismantling and </span>decontamination costs Other <span class=\"_ _20a\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span>Carrying amount as at 1/1/2022 <span class=\"_ _1c6\"> </span><span class=\"ls0 ws0\">36.3 <span class=\"_ _ba\"> </span>90.7 <span class=\"_ _da\"> </span>127.0 </span>of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">34.4 <span class=\"_ _ba\"> </span>76.3 <span class=\"_ _d5\"> </span>110.7 </span>of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">1.9 <span class=\"_ _ba\"> </span>14.4 <span class=\"_ _14c\"> </span>16.3 </span>New pro<span class=\"_ _0\"></span>visions <span class=\"_ _cf\"> </span><span class=\"ls0 ws0\">3.0 <span class=\"_ _18c\"> </span>8.6 <span class=\"_ _14c\"> </span>11.5 </span>Interest accrued <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>2.0 <span class=\"_ _18e\"> </span>1.3 <span class=\"_ _6b\"> </span>\u2013<span class=\"_ _92\"></span><span class=\"fsa\"> <span class=\"_ _43\"></span><span class=\"fs8\">0.7 </span></span></span>Appropriation <span class=\"_ _eb\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>1.7 <span class=\"_ _d9\"> </span>\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _96\"> </span>\u2013<span class=\"fsa\"> </span>11.6 </span>Reversal <span class=\"_ _e4\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>5.6 <span class=\"_ _d9\"> </span>\u2013<span class=\"fsa\"> </span>4.7 <span class=\"_ _96\"> </span>\u2013<span class=\"fsa\"> </span>10.3 </span>Carrying amount as at 31/12/<span class=\"_ _92\"></span>2022 <span class=\"_ _3a\"> </span><span class=\"ls18 ws0\">29.9 <span class=\"_ _d9\"> </span>86.1 <span class=\"_ _97\"> </span>116.0 </span>of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">26.4 <span class=\"_ _ba\"> </span>74.3 <span class=\"_ _d5\"> </span>100.7 </span>of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">3.6 <span class=\"_ _ba\"> </span>11.8 <span class=\"_ _14c\"> </span>15.4 </span>Reconciliation of other pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions 2021 <span class=\"_ _229\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _208\"> </span><span class=\"ff2f ls1a ws24\">Dismantling and </span>decontamination costs Other <span class=\"_ _20a\"> </span><span class=\"ls16b\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> </span>Carrying amount as at 1/1/2021 <span class=\"_ _1c6\"> </span><span class=\"ls0 ws0\">35.9 <span class=\"_ _65\"> </span>90.2 <span class=\"_ _da\"> </span>126.1 </span>of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">33.3 <span class=\"_ _65\"> </span>76.2 <span class=\"_ _da\"> </span>109.5 </span>of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">2.6 <span class=\"_ _65\"> </span>14.0 <span class=\"_ _58\"> </span>16.6 </span>Change in the basis of consolidation <span class=\"_ _288\"> </span><span class=\"ls0 ws0\">4.0 <span class=\"_ _138\"> </span>2.7 <span class=\"_ _24b\"> </span>6.6 </span>New pro<span class=\"_ _0\"></span>visions <span class=\"_ _cf\"> </span><span class=\"ls0 ws0\">1.3 <span class=\"_ _138\"> </span>7.2 <span class=\"_ _24b\"> </span>8.4 </span>Interest accrued <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _126\"> </span>0.4 <span class=\"_ _2b9\"> </span>0.1 </span>Appropriation <span class=\"_ _eb\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>0.9 <span class=\"_ _bd\"> </span>\u2013<span class=\"fsa\"> </span>7.6 <span class=\"_ _6b\"> </span>\u2013<span class=\"fsa\"> </span>8.5 </span>Reversal <span class=\"_ _e4\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span>3.5 <span class=\"_ _bd\"> </span>\u2013<span class=\"fsa\"> </span>2.1 <span class=\"_ _6b\"> </span>\u2013<span class=\"fsa\"> </span>5.6 </span>Currency translation <span class=\"_ _ce\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.1 <span class=\"_ _138\"> </span>0.0 <span class=\"_ _2e7\"> </span>\u2013<span class=\"fsa\"> </span>0.1 </span>Carrying amount as at 31/12/<span class=\"_ _92\"></span>2021 <span class=\"_ _3a\"> </span><span class=\"ls31 ws0\">36.3 <span class=\"_ _162\"> </span><span class=\"ls18\">90.7 <span class=\"_ _18c\"> </span>127.0 </span></span>of which non-current <span class=\"_ _2e6\"> </span><span class=\"ls0 ws0\">34.4 <span class=\"_ _65\"> </span>76.3 <span class=\"_ _da\"> </span>110.7 </span>of which current <span class=\"_ _104\"> </span><span class=\"ls0 ws0\">1.9 <span class=\"_ _65\"> </span>14.4 <span class=\"_ _58\"> </span>16.3<span class=\"_ _333\"> </span></span>13.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"lsef\">Other </span>13.1<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls1b7 ws92a\">Other obligations and/or <span class=\"ls172 wsa7e\">entitlements and risks<span class=\"_ _333\"> </span></span></span>Contingen<span class=\"_ _92\"></span>t liabilities not recogn<span class=\"_ _92\"></span>ised in VERBUND\u2019<span class=\"_ _14\"></span>s balance sheet are as<span class=\"_ _92\"></span>sessed quarterly with respect to<span class=\"_ _92\"></span> their prob<span class=\"_ _92\"></span>ability of occurrence<span class=\"_ _92\"></span>. The assessmen<span class=\"_ _92\"></span>t is carried out by the m<span class=\"_ _92\"></span>anagers r<span class=\"_ _0\"></span>esponsible<span class=\"_ _92\"></span>, taking account of m<span class=\"_ _92\"></span>arket-related inp<span class=\"_ _92\"></span>uts (to the extent pos<span class=\"_ _92\"></span>sible) and expert opinions (in individual cases).<span class=\"_ _333\"> </span>Pending court p<span class=\"_ _92\"></span>roceedings relat<span class=\"_ _92\"></span>e mainly to the following m<span class=\"_ _92\"></span>atters<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ws3fd\">Flooding of the Drau River in 2012: Claims for da<span class=\"ls7a ws75a\">mages under civil la<span class=\"_ _92\"></span>w amount to \u20ac108.7m (previous </span></span></span>year<span class=\"_ _43\"></span>: \u20ac109.3m). VERBUND is contesti<span class=\"ls63 ws551\">ng both the amounts and merits of these claims<span class=\"_ _92\"></span>. No disclosures </span>hav<span class=\"_ _92\"></span>e been provided in r<span class=\"_ _92\"></span>espect of any contingen<span class=\"_ _92\"></span>t liab<span class=\"ls79 ws200\">ilities or provisions th<span class=\"_ _92\"></span>at may arise in relation to </span>these claims for dam<span class=\"_ _92\"></span>ages because it is likely<span class=\"_ _92\"></span> that such note disclo<span class=\"_ _92\"></span>sures would seriously pr<span class=\"_ _92\"></span>ejudice VERBUND\u2019<span class=\"_ _14\"></span>s position in the pr<span class=\"_ _92\"></span>oceedings. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls63 ws811\">Arbitration pr<span class=\"_ _92\"></span>oceedings GC<span class=\"_ _43\"></span>A: In J<span class=\"_ _92\"></span>anuar<span class=\"_ _43\"></span>y 2020, GCA was informed of the initiation of arbitration<span class=\"_ _92\"></span> </span></span>proceedings b<span class=\"_ _92\"></span>y a transportation cus<span class=\"_ _92\"></span>tomer under Article 4 of th<span class=\"_ _92\"></span>e Internation<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l Chamber of Com<span class=\"_ _92\"></span>merce (ICC) Rules of Arbitr<span class=\"_ _92\"></span>ation. The subject of the pr<span class=\"_ _92\"></span>oceedings is contracts for the pr<span class=\"_ _92\"></span>ovision of capacities for the transportation of natur<span class=\"_ _0\"></span>al gas. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e amount <span class=\"ls19 ws9c3\">in dispute is appro<span class=\"_ _92\"></span>x<span class=\"_ _43\"></span>imately \u20ac194.0m (previous year: </span>approximately \u20ac194.0m). <span class=\"_ _92\"></span>No disclosure<span class=\"ls80 ws4f8\">s have <span class=\"_ _92\"></span>been provided in respect <span class=\"ls79\">of any contingent liabilities or </span></span>pro<span class=\"_ _92\"></span>visions that ma<span class=\"_ _92\"></span>y arise in relation to these c<span class=\"_ _92\"></span>laims for damages because i<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> is likely <span class=\"_ _92\"></span>that such note disclosures wou<span class=\"_ _92\"></span>ld seriously prejudice <span class=\"ls67 ws66\">GCA<span class=\"_ _14\"></span>\u2019<span class=\"_ _14\"></span>s position in these pr<span class=\"_ _92\"></span>oceedings.  </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls95 ws876\">Amortisation of goodwill fo<span class=\"_ _92\"></span>r the equity interest in VERB<span class=\"_ _92\"></span>UND Innkraftwerke <span class=\"_ _92\"></span>GmbH claimed for tax </span></span>purposes for the years 2014\u2013 <span class=\"fs2 ls79 ws127\">2023: the appeal against the <span class=\"_ _92\"></span>notice of assessment remains pending. <span class=\"_ _88\"></span> </span>The tax benefit for these y<span class=\"_ _92\"></span>ears (reduction of tax paymen<span class=\"_ _92\"></span>ts in the amount of<span class=\"_ _92\"></span> \u20ac7.9m per year) is recognised in accordance with <span class=\"ls87 wsbdb\">VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s accounting policies <span class=\"ls63 ws208\">if it is reas<span class=\"ls28 ws2ae\">onably likely.<span class=\"_ _333\"> </span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-587": {
   "value": "9.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 ws963\">P<span class=\"_ _14\"></span>ersonnel provisions<span class=\"_ _333\"> </span></span><span class=\"ls118 ws963\"> </span><span class=\"ls118 ws963\"> </span>Provisions for current pensions, vested pension bene<span class=\"_ _43\"></span>fits and similar obli<span class=\"_ _43\"></span>gations are determined in accordan<span class=\"_ _92\"></span>ce with IAS <span class=\"_ _62\"></span>19 using the project<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d unit credit method (PUC m<span class=\"_ _92\"></span>ethod), whereb<span class=\"_ _92\"></span>y remeas<span class=\"_ _92\"></span>urements of the net lia<span class=\"_ _92\"></span>bility are recognised in<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other compr<span class=\"_ _92\"></span>ehensive income in the year in which the liability is i<span class=\"_ _92\"></span>ncurred. With t<span class=\"_ _92\"></span>he exception of net inter<span class=\"_ _92\"></span>est expense, all ex<span class=\"_ _92\"></span>penses (and return<span class=\"_ _92\"></span>s) related to these obligations are recognised under p<span class=\"_ _43\"></span>ersonnel exp<span class=\"_ _43\"></span>enses. Net interest expense is reported unde<span class=\"_ _43\"></span>r inter<span class=\"_ _92\"></span>est expenses. These defined bene<span class=\"_ _43\"></span>fit obligations are partially covered by pension plan assets at APK Pensionskasse AG earmar<span class=\"_ _92\"></span>ked for this purpose<span class=\"_ _92\"></span>. Contractual trus<span class=\"_ _92\"></span>t arrangements (CT<span class=\"_ _14\"></span>A) wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> set up in or<span class=\"_ _92\"></span>der to secure the<span class=\"_ _92\"></span> entitlemen<span class=\"_ _92\"></span>ts from the compa<span class=\"_ _92\"></span>ny pension plan for the<span class=\"_ _92\"></span> employees of VERB<span class=\"_ _92\"></span>UND Innkraftwerke G<span class=\"_ _92\"></span>mbH, Innwerk A<span class=\"_ _92\"></span>G and Grenzkraftw<span class=\"_ _92\"></span>erke GmbH. VERBUND is o<span class=\"_ _92\"></span>bligated to pr<span class=\"_ _92\"></span>ovide additional funding to the extent the obligations are to be fulfilled through the pension fund; there is no such obligation to provide additional funding fo<span class=\"_ _92\"></span>r the CT<span class=\"_ _92\"></span>A<span class=\"_ _43\"></span>. Both pension plan as<span class=\"_ _92\"></span>sets as well as the contr<span class=\"_ _92\"></span>actual trust arrangement<span class=\"_ _92\"></span>s are r<span class=\"_ _92\"></span>ecognised as plan assets as defined under IAS <span class=\"_ _14\"></span>19 and offset with the pro<span class=\"_ _92\"></span>vision for current pensions and vested pension be<span class=\"_ _43\"></span>nefits.  Pension plan assets are invested in complianc<span class=\"_ _43\"></span>e with th<span class=\"_ _43\"></span>e pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions of the Austrian Pension Fund Act (Pension<span class=\"_ _92\"></span>skassengesetz, PK<span class=\"_ _92\"></span>G) and the corres<span class=\"_ _92\"></span>ponding regula<span class=\"_ _92\"></span>tions of the Austrian<span class=\"_ _92\"></span> Financial M<span class=\"_ _92\"></span>arket Authority (FMA<span class=\"_ _92\"></span>). Similar<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>obliga<span class=\"_ _92\"></span>tions relate to<span class=\"_ _92\"></span> employer contribution<span class=\"_ _92\"></span>s for supplementary health insuran<span class=\"_ _92\"></span>ce premiums to be paid after retir<span class=\"_ _92\"></span>ement. The pr<span class=\"_ _92\"></span>ovisions are determin<span class=\"_ _92\"></span>ed in the same manner as pro<span class=\"_ _92\"></span>visions for pension obligations.<span class=\"_ _333\"> </span>Exist<span class=\"_ _43\"></span>ing provisions for pensions and similar obligations as we<span class=\"_ _43\"></span>ll as obligations from termination benefits (c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount as at 31 <span class=\"_ _14\"></span>De<span class=\"_ _43\"></span>cember 2022:<span class=\"fc9 ls0 ws0\"> <span class=\"_ _63\"></span></span>\u20ac493.9m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac693.6m) were measured based on assumptions an<span class=\"_ _92\"></span>d estimates as at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. The key factors of in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nce included the discoun<span class=\"_ _92\"></span>t rate<span class=\"_ _92\"></span>, the estimated r<span class=\"_ _92\"></span>etirement a<span class=\"_ _92\"></span>ge and the estimat<span class=\"_ _92\"></span>ed life expectancy as well as future incr<span class=\"_ _92\"></span>eases in salaries and pension be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span>:  Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span>T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span>(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G<span class=\"_ _333\"> </span>VERBUND is exposed to investme<span class=\"_ _43\"></span>nt risk, interest rate risk, life expect<span class=\"_ _43\"></span>ancy r<span class=\"_ _43\"></span>isk and salar<span class=\"_ _43\"></span>y risk<span class=\"_ _43\"></span> as well as the risk of price incre<span class=\"_ _92\"></span>ases and employee turno<span class=\"_ _92\"></span>ver risk based on the existing pension and similar obliga<span class=\"_ _92\"></span>tions as well as obligation<span class=\"_ _92\"></span>s from statutory termination ben<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>fits. The f<span class=\"_ _92\"></span>ollowing sensitivity analyses show the effect<span class=\"_ _92\"></span>s resulting from<span class=\"_ _92\"></span> changes in significant act<span class=\"_ _0\"></span>uarial assumptions o<span class=\"_ _92\"></span>n the obligations<span class=\"_ _92\"></span>. The change in the o<span class=\"_ _92\"></span>bligation was determined in<span class=\"_ _92\"></span> a manner comparable with t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e determin<span class=\"_ _92\"></span>ation of the actual obliga<span class=\"_ _92\"></span>tion based on the PUC method in accordan<span class=\"_ _92\"></span>ce with IAS 19.<span class=\"_ _333\"> </span>9.2.1  Measurement of pensions and  similar obligations  as well as statutory termination benefits<span class=\"_ _333\"> </span>On 31 <span class=\"_ _86\"></span>D<span class=\"_ _43\"></span>ecember 2022, the weighted aver<span class=\"_ _92\"></span>age du<span class=\"lsbc wsba6\">ration of the pension obligation was 10 <span class=\"_ _86\"></span>years </span>(previous year<span class=\"_ _43\"></span>: 13 <span class=\"_ _80\"></span>years) and that of the obligations<span class=\"_ _43\"></span><span class=\"ls70 wsba7\"> similar to pensions was 14 <span class=\"_ _80\"></span>years (previous year<span class=\"_ _43\"></span>: </span>17 years).<span class=\"_ _333\"> </span>VERBUND <span class=\"_ _91\"> </span><span class=\"fs2 lsa2 ws3ca\">r<span class=\"_ _92\"></span>egularly coordin<span class=\"_ _92\"></span>ates the general in<span class=\"_ _92\"></span>vestment guidelines with A<span class=\"_ _92\"></span>PK Pensionskasse AG<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> </span>Risk management in APK Pensions<span class=\"_ _43\"></span>kasse AG is guided by<span class=\"_ _43\"></span> the provisions of the Austrian Pension Fund Act (PK<span class=\"_ _14\"></span>G<span class=\"_ _43\"></span>) and the corr<span class=\"_ _92\"></span>esponding directives o<span class=\"_ _92\"></span>f the Financial M<span class=\"_ _92\"></span>arket A<span class=\"_ _92\"></span>uthority (FMA). Employees whose service began on or before 31 <span class=\"_ _88\"></span>De<span class=\"ls87 wsba9\">cember 2002 are entitled to r<span class=\"_ _92\"></span>eceive a one-time </span>paymen<span class=\"_ _0\"></span>t based on statutory pro<span class=\"_ _92\"></span>visions in particular when they retir<span class=\"_ _92\"></span>e. This obl<span class=\"_ _92\"></span>igation is measured in accordan<span class=\"_ _92\"></span>ce with IAS <span class=\"_ _14\"></span>19 based on the PUC method wi<span class=\"ls67 ws365\">th an accum<span class=\"_ _92\"></span>ulation period of 25 <span class=\"_ _80\"></span>years, wher<span class=\"_ _92\"></span>eby </span>remeas<span class=\"_ _92\"></span>urements of the net l<span class=\"_ _92\"></span>iability are r<span class=\"_ _92\"></span>ecognised immediately in other com<span class=\"_ _92\"></span>prehensive income<span class=\"_ _92\"></span>.  The employ<span class=\"_ _92\"></span>er is only obligated t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> make r<span class=\"_ _92\"></span>egular contributions for all emplo<span class=\"_ _92\"></span>yees whose ser<span class=\"_ _43\"></span>vice began after 31 <span class=\"_ _8a\"></span>December 2002 in Austria. Such con<span class=\"_ _92\"></span>tribu<span class=\"ls46 wsa7a\">tions are therefore ac<span class=\"_ _92\"></span>counted for as defined </span>contribution plans in accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _88\"></span>19. For these emplo<span class=\"_ _92\"></span>yment contracts<span class=\"_ _92\"></span>, the employer pay<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> 1.53 % of the mon<span class=\"_ _92\"></span>thly gross salary into an emp<span class=\"_ _92\"></span>loyee pension fund.  The weighted average duration of the obligations from termination be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span> is seven years as at 31 December 2022 (previous year: eight years).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-588": {
   "value": "9.2<span class=\"ff36 ls0\"> <span class=\"_ _83\"> </span></span><span class=\"ls118 ws963\">P<span class=\"_ _14\"></span>ersonnel provisions<span class=\"_ _333\"> </span></span><span class=\"ls118 ws963\"> </span><span class=\"ls118 ws963\"> </span>Provisions for current pensions, vested pension bene<span class=\"_ _43\"></span>fits and similar obli<span class=\"_ _43\"></span>gations are determined in accordan<span class=\"_ _92\"></span>ce with IAS <span class=\"_ _62\"></span>19 using the project<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>d unit credit method (PUC m<span class=\"_ _92\"></span>ethod), whereb<span class=\"_ _92\"></span>y remeas<span class=\"_ _92\"></span>urements of the net lia<span class=\"_ _92\"></span>bility are recognised in<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>other compr<span class=\"_ _92\"></span>ehensive income in the year in which the liability is i<span class=\"_ _92\"></span>ncurred. With t<span class=\"_ _92\"></span>he exception of net inter<span class=\"_ _92\"></span>est expense, all ex<span class=\"_ _92\"></span>penses (and return<span class=\"_ _92\"></span>s) related to these obligations are recognised under p<span class=\"_ _43\"></span>ersonnel exp<span class=\"_ _43\"></span>enses. Net interest expense is reported unde<span class=\"_ _43\"></span>r inter<span class=\"_ _92\"></span>est expenses. These defined bene<span class=\"_ _43\"></span>fit obligations are partially covered by pension plan assets at APK Pensionskasse AG earmar<span class=\"_ _92\"></span>ked for this purpose<span class=\"_ _92\"></span>. Contractual trus<span class=\"_ _92\"></span>t arrangements (CT<span class=\"_ _14\"></span>A) wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> set up in or<span class=\"_ _92\"></span>der to secure the<span class=\"_ _92\"></span> entitlemen<span class=\"_ _92\"></span>ts from the compa<span class=\"_ _92\"></span>ny pension plan for the<span class=\"_ _92\"></span> employees of VERB<span class=\"_ _92\"></span>UND Innkraftwerke G<span class=\"_ _92\"></span>mbH, Innwerk A<span class=\"_ _92\"></span>G and Grenzkraftw<span class=\"_ _92\"></span>erke GmbH. VERBUND is o<span class=\"_ _92\"></span>bligated to pr<span class=\"_ _92\"></span>ovide additional funding to the extent the obligations are to be fulfilled through the pension fund; there is no such obligation to provide additional funding fo<span class=\"_ _92\"></span>r the CT<span class=\"_ _92\"></span>A<span class=\"_ _43\"></span>. Both pension plan as<span class=\"_ _92\"></span>sets as well as the contr<span class=\"_ _92\"></span>actual trust arrangement<span class=\"_ _92\"></span>s are r<span class=\"_ _92\"></span>ecognised as plan assets as defined under IAS <span class=\"_ _14\"></span>19 and offset with the pro<span class=\"_ _92\"></span>vision for current pensions and vested pension be<span class=\"_ _43\"></span>nefits.  Pension plan assets are invested in complianc<span class=\"_ _43\"></span>e with th<span class=\"_ _43\"></span>e pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>isions of the Austrian Pension Fund Act (Pension<span class=\"_ _92\"></span>skassengesetz, PK<span class=\"_ _92\"></span>G) and the corres<span class=\"_ _92\"></span>ponding regula<span class=\"_ _92\"></span>tions of the Austrian<span class=\"_ _92\"></span> Financial M<span class=\"_ _92\"></span>arket Authority (FMA<span class=\"_ _92\"></span>). Similar<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>obliga<span class=\"_ _92\"></span>tions relate to<span class=\"_ _92\"></span> employer contribution<span class=\"_ _92\"></span>s for supplementary health insuran<span class=\"_ _92\"></span>ce premiums to be paid after retir<span class=\"_ _92\"></span>ement. The pr<span class=\"_ _92\"></span>ovisions are determin<span class=\"_ _92\"></span>ed in the same manner as pro<span class=\"_ _92\"></span>visions for pension obligations.<span class=\"_ _333\"> </span>Exist<span class=\"_ _43\"></span>ing provisions for pensions and similar obligations as we<span class=\"_ _43\"></span>ll as obligations from termination benefits (c<span class=\"_ _92\"></span>arr<span class=\"_ _43\"></span>ying amount as at 31 <span class=\"_ _14\"></span>De<span class=\"_ _43\"></span>cember 2022:<span class=\"fc9 ls0 ws0\"> <span class=\"_ _63\"></span></span>\u20ac493.9m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac693.6m) were measured based on assumptions an<span class=\"_ _92\"></span>d estimates as at th<span class=\"_ _92\"></span>e reporting date<span class=\"_ _92\"></span>. The key factors of in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nce included the discoun<span class=\"_ _92\"></span>t rate<span class=\"_ _92\"></span>, the estimated r<span class=\"_ _92\"></span>etirement a<span class=\"_ _92\"></span>ge and the estimat<span class=\"_ _92\"></span>ed life expectancy as well as future incr<span class=\"_ _92\"></span>eases in salaries and pension be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span>:  Actuarial assump<span class=\"_ _43\"></span>tions for pension obl<span class=\"_ _43\"></span>igations <span class=\"_ _24e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate or expected rate of r<span class=\"_ _92\"></span>eturn from plan assets <span class=\"_ _6d\"> </span><span class=\"fc4 ls5b ws5c\">1.00 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.<span class=\"_ _92\"></span>75 % </span>P<span class=\"_ _92\"></span>ension increases <span class=\"_ _163\"> </span><span class=\"fc4 ls0 ws0\">1\u2013<span class=\"fsa\"> </span><span class=\"ls48 ws4b\">2 % <span class=\"_ _d8\"> </span></span></span><span class=\"ff2f ls1aa wsba3\">1.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">5.75 % </span></span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver <span class=\"_ _237\"> </span><span class=\"fc4 ls60 ws0\">none <span class=\"_ _45\"> </span><span class=\"ff2f fc0 lscc\">none </span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuarial assumptio<span class=\"_ _92\"></span>ns for obligations si<span class=\"_ _92\"></span>milar to pensions <span class=\"_ _9\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">1.25 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.75 % </span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">4.1 % <span class=\"_ _16d\"> </span></span><span class=\"fc0\">0.0 % \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.8 % </span></span></span>T<span class=\"_ _14\"></span>rend of contributions based on hos<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span><span class=\"ls60 ws61\">ital cost index for new contrac<span class=\"_ _92\"></span>ts  </span>(with participation) / old cont<span class=\"ls26 ws921\">racts (without <span class=\"ls34 ws0\">participation) <span class=\"_ _2db\"> </span><span class=\"fc4 ls5b ws5c\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">5.5 % <span class=\"_ _1e\"> </span></span><span class=\"fc0\">2.75 %\u2013</span></span><span class=\"fsa ls0\"> </span><span class=\"ls1f ws20\">5.5 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G Actuaria<span class=\"_ _43\"></span>l assumptions<span class=\"_ _43\"></span> for terminat<span class=\"_ _43\"></span>ion bene<span class=\"_ _43\"></span>fit obliga<span class=\"_ _43\"></span>tions <span class=\"_ _1db\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Discount rate <span class=\"_ _1dc\"> </span><span class=\"fc4 ls5b ws5c\">0.75 % <span class=\"_ _69\"> </span></span><span class=\"ff2f ls18 ws6d6\">3.50 % </span>Salary increases <span class=\"_ _285\"> </span><span class=\"fc4\">2.75 %/2.75 % <span class=\"_ _217\"> </span></span><span class=\"ff2f ls1aa wsba3\">2.75 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls18 ws6d6\">6.75 % </span></span>Employee turno<span class=\"_ _92\"></span>ver (depending on duration of emplo<span class=\"_ _92\"></span>yment) <span class=\"_ _e7\"> </span><span class=\"fc4 ls2f ws2c\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">1.3 % <span class=\"_ _22d\"> </span></span><span class=\"fc0\">0.0 %\u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls1f ws20\">0.6 % </span></span></span>Longevity ba<span class=\"_ _92\"></span>sed on mortality table AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G AV\u00d6 2018-<span class=\"_ _333\"> </span>P/Heubeck mortality tables 2018 G<span class=\"_ _333\"> </span>VERBUND <span class=\"_ _91\"> </span><span class=\"fs2 lsa2 ws3ca\">r<span class=\"_ _92\"></span>egularly coordin<span class=\"_ _92\"></span>ates the general in<span class=\"_ _92\"></span>vestment guidelines with A<span class=\"_ _92\"></span>PK Pensionskasse AG<span class=\"_ _92\"></span>. <span class=\"_ _85\"></span> </span>Risk management in APK Pensions<span class=\"_ _43\"></span>kasse AG is guided by<span class=\"_ _43\"></span> the provisions of the Austrian Pension Fund Act (PK<span class=\"_ _14\"></span>G<span class=\"_ _43\"></span>) and the corr<span class=\"_ _92\"></span>esponding directives o<span class=\"_ _92\"></span>f the Financial M<span class=\"_ _92\"></span>arket A<span class=\"_ _92\"></span>uthority (FMA). Employees whose service began on or before 31 <span class=\"_ _88\"></span>De<span class=\"ls87 wsba9\">cember 2002 are entitled to r<span class=\"_ _92\"></span>eceive a one-time </span>paymen<span class=\"_ _0\"></span>t based on statutory pro<span class=\"_ _92\"></span>visions in particular when they retir<span class=\"_ _92\"></span>e. This obl<span class=\"_ _92\"></span>igation is measured in accordan<span class=\"_ _92\"></span>ce with IAS <span class=\"_ _14\"></span>19 based on the PUC method wi<span class=\"ls67 ws365\">th an accum<span class=\"_ _92\"></span>ulation period of 25 <span class=\"_ _80\"></span>years, wher<span class=\"_ _92\"></span>eby </span>remeas<span class=\"_ _92\"></span>urements of the net l<span class=\"_ _92\"></span>iability are r<span class=\"_ _92\"></span>ecognised immediately in other com<span class=\"_ _92\"></span>prehensive income<span class=\"_ _92\"></span>.  The employ<span class=\"_ _92\"></span>er is only obligated t<span class=\"_ _92\"></span>o<span class=\"_ _43\"></span> make r<span class=\"_ _92\"></span>egular contributions for all emplo<span class=\"_ _92\"></span>yees whose ser<span class=\"_ _43\"></span>vice began after 31 <span class=\"_ _8a\"></span>December 2002 in Austria. Such con<span class=\"_ _92\"></span>tribu<span class=\"ls46 wsa7a\">tions are therefore ac<span class=\"_ _92\"></span>counted for as defined </span>contribution plans in accor<span class=\"_ _92\"></span>dance with IAS <span class=\"_ _88\"></span>19. For these emplo<span class=\"_ _92\"></span>yment contracts<span class=\"_ _92\"></span>, the employer pay<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> 1.53 % of the mon<span class=\"_ _92\"></span>thly gross salary into an emp<span class=\"_ _92\"></span>loyee pension fund.  The weighted average duration of the obligations from termination be<span class=\"_ _43\"></span>nefits<span class=\"_ _43\"></span> is seven years as at 31 December 2022 (previous year: eight years).<span class=\"_ _333\"> </span>The partial r<span class=\"_ _92\"></span>etirement obli<span class=\"_ _92\"></span>gation is measur<span class=\"_ _92\"></span>ed in accordance with IAS <span class=\"_ _87\"></span>19 based on the PUC meth<span class=\"_ _92\"></span>od, whereb<span class=\"_ _92\"></span>y remeasur<span class=\"_ _92\"></span>ements of the net<span class=\"_ _92\"></span> liability are r<span class=\"_ _92\"></span>ecognised immediately thro<span class=\"_ _92\"></span>ugh profit or los<span class=\"_ _92\"></span>s. <span class=\"_ _89\"></span> The res<span class=\"_ _92\"></span>ulting expenses to be r<span class=\"_ _92\"></span>ecognised are presen<span class=\"_ _92\"></span>ted under pension expenses<span class=\"_ _92\"></span>.  There ar<span class=\"_ _92\"></span>e also CT<span class=\"_ _14\"></span>As for the purpose of securing cr<span class=\"_ _92\"></span>edit balances from partial r<span class=\"_ _92\"></span>etirement model<span class=\"_ _92\"></span>s of employees<span class=\"_ _92\"></span> of VERBUND Innkraftw<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rke <span class=\"_ _92\"></span>GmbH and Innwerk A<span class=\"_ _92\"></span>G. Ther<span class=\"_ _92\"></span>e is no obliga<span class=\"_ _92\"></span>tion to provide additional funding. The CT<span class=\"_ _14\"></span>A is recognised as plan <span class=\"ls83 ws5e4\">assets as defined under IAS <span class=\"_ _92\"></span>19 and offset against the </span>pro<span class=\"_ _92\"></span>visio<span class=\"_ _43\"></span>n for partial retirement.<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "Dismantling an<span class=\"_ _43\"></span>d decomm<span class=\"lscf ws2f4\">issioning obligations </span>Provisions are r<span class=\"_ _92\"></span>ecog<span class=\"_ _43\"></span>nised at the dis<span class=\"_ _43\"></span>counted settleme<span class=\"_ _43\"></span>nt amounts for obligations resulting from the dismantlin<span class=\"_ _92\"></span>g or decommissioning of power<span class=\"_ _92\"></span> plants in the r<span class=\"_ _92\"></span>eporting period in which they ar<span class=\"_ _92\"></span>e incurred; <span class=\"_ _80\"></span> at the sam<span class=\"_ _92\"></span>e time, the carrying amoun<span class=\"_ _92\"></span>ts for the power pl<span class=\"_ _92\"></span>ants are incr<span class=\"_ _92\"></span>eased as a general rule (see<span class=\"_ _92\"></span> section 4.2 Pr<span class=\"_ _92\"></span>operty, plant and equipmen<span class=\"_ _92\"></span>t). In subsequent periods<span class=\"_ _92\"></span>, the capitalised cos<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s for disman<span class=\"_ _92\"></span>tling or decommissioni<span class=\"_ _92\"></span>ng are depreciated o<span class=\"_ _92\"></span>ver the (remainin<span class=\"_ _92\"></span>g) useful life of the plants; inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st is accrued annually.  The pro<span class=\"_ _92\"></span>visions are measur<span class=\"_ _92\"></span>ed at the reportin<span class=\"_ _92\"></span>g date on the basis of ass<span class=\"_ _92\"></span>umptions and estimates<span class=\"_ _92\"></span>. The key factors of influen<span class=\"_ _92\"></span>ce were the expected disma<span class=\"_ _92\"></span>ntling dates, an<span class=\"_ _92\"></span>y possible expert reports t<span class=\"_ _92\"></span>o ascertain the dismantlin<span class=\"_ _92\"></span>g and decontamination costs o<span class=\"_ _92\"></span>r proceeds from the sal<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> of scrap<span class=\"_ _14\"></span>, the valorisation of these costs and the discount ra<span class=\"_ _92\"></span>te of 2.00 %\u2013 <span class=\"fs2 ws2ac\">8.23 % (previous year: 0.25 %\u2013</span> <span class=\"fs2 ls82 ws249\">5.43 %)<span class=\"_ _333\"> </span></span><span class=\"fs2 ls82 ws249\">.<span class=\"_ _333\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1b7 ws0 gs10b7\">11.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"lsef wsb8b\">Risk management  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws32b gs10b8\">VERBUND also uses primary and deriv<span class=\"_ _92\"></span>ative financial instrumen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s in both the fin<span class=\"_ _92\"></span>ance and energy area<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws65 gs10b9\">for the purpose of<span class=\"_ _92\"></span> risk management<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls262 ws0 gs10ba\">11.1<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls120 ws6d1\">Risk management in the finance area </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls79 ws5d0 gs10bb\">VERBUND is exposed to considerable financial risk in<span class=\"ls75 ws277\"> its operating activitie<span class=\"_ _92\"></span>s and the related financing </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws13d gs10bc\">transaction<span class=\"_ _92\"></span>s. These comprise mainly int<span class=\"_ _92\"></span>erest rate and liquidity risk<span class=\"_ _92\"></span>s, counterparty risks<span class=\"_ _92\"></span>, price risks from </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws1b4 gs10bd\">securities, for<span class=\"_ _92\"></span>eign exchange ris<span class=\"_ _92\"></span>ks and the ri<span class=\"ls0 ws2ac\">sk of a change in VERBUND\u2019<span class=\"_ _14\"></span>s rating.  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws80f gs10be\">Therefo<span class=\"_ _92\"></span>re, the focus is placed on the iden<span class=\"_ _92\"></span>tification, analysis and asses<span class=\"_ _92\"></span>sment of risks and </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d wsbb4 gs10bf\">opportunitie<span class=\"_ _43\"></span>s as well as on t<span class=\"_ _43\"></span>he deter<span class=\"_ _43\"></span>mination of me<span class=\"ls82 wsbb5\">asures to be impl<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mented in this con<span class=\"_ _92\"></span>text in </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9d ws1bf gs10c0\">VERBUND\u2019<span class=\"_ _92\"></span>s finance area. Own rules were defined in connect<span class=\"_ _43\"></span>ion with Group policies<span class=\"_ _43\"></span> in order to also </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs10c1\">monitor and man<span class=\"_ _92\"></span>age the financial risks accor<span class=\"_ _92\"></span>dingly.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls99 ws369 gs10c2\">The measures for mo<span class=\"_ _43\"></span>nitoring and managing <span class=\"ls71 wsf8\">financial risks in<span class=\"_ _43\"></span>clude in particular:  </span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs10c3\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls28 wsb65\">the calculation and assess<span class=\"_ _43\"></span>ment of KPIs in line wit<span class=\"_ _43\"></span>h market conditions with<span class=\"_ _43\"></span> respect to locking in<span class=\"_ _43\"></span> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 ws1a0 gs10c4\">interest rates, curr<span class=\"_ _92\"></span>enc<span class=\"_ _43\"></span>y dive<span class=\"lsa8 ws3eb\">rsificat<span class=\"_ _43\"></span>ion and the duration of<span class=\"ls96 ws5b\"> financial liabilities<span class=\"_ _43\"></span>; and </span></span></div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs10c5\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls95\">the drafting of a<span class=\"_ _92\"></span> continuous liquidity plan on which <span class=\"ls26 ws340\">basis su<span class=\"_ _92\"></span>fficient liquidity is ensured at all<span class=\"_ _92\"></span> times.</span></span></span><span class=\"ff36\"><span class=\"ff28 ls95\"><span class=\"ls26 ws340\"> </span></span></span></div>The primar<span class=\"_ _43\"></span>y financial instruments held by VERBUND <span class=\"_ _91\"> </span><span class=\"fs2 lsbc ws845\">include, in particular<span class=\"_ _14\"></span>, investments such as </span>securities, loan<span class=\"_ _92\"></span>s, equity intere<span class=\"_ _92\"></span>sts, trade r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ceiva<span class=\"_ _92\"></span>ble<span class=\"ls6b wse6\">s, cash at ban<span class=\"_ _92\"></span>ks, securitised and non-securitised </span>financial liabilities and trade payables<span class=\"_ _92\"></span>. The derivative fin<span class=\"_ _92\"></span>ancial instruments used in the finan<span class=\"_ _92\"></span>ce area comprise the foll<span class=\"_ _92\"></span>owing and are recognised under<span class=\"_ _92\"></span> the balance sheet items li<span class=\"_ _92\"></span>sted: Receivables fr<span class=\"_ _92\"></span>om derivative financial<span class=\"_ _92\"></span> instruments <span class=\"_ _48\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _124\"> </span><span class=\"lsca ws30\">Reference v<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>lue<span class=\"_ _333\"> </span></span>1 <span class=\"_ _278\"> </span><span class=\"fc4 ls1d ws35e\">P<span class=\"_ _92\"></span>ositive fair values <span class=\"_ _183\"> </span><span class=\"ff2c fc0 ls24 ws95a\">P<span class=\"_ _92\"></span>ositive f<span class=\"_ _92\"></span>air values </span></span>  <span class=\"_ _242\"> </span><span class=\"ff2f ls31\">  <span class=\"_ _132\"> </span><span class=\"fc4 ls159\">31/12/2021 <span class=\"_ _59\"> </span><span class=\"fc0\">31/12/20<span class=\"_ _43\"></span>22 </span></span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 closed items on the balance sheet (fix<span class=\"_ _92\"></span>ed interest recipient)  $281.6m (previous year: $276.7m) <span class=\"_ _da\"> </span><span class=\"fc4 ls0 ws0\">70.3 <span class=\"_ _b5\"> </span><span class=\"ff2f fc0 ls29\">31.5 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 hedges  (fixed interest <span class=\"_ _92\"></span>payment) \u20ac300.4m (previous year: \u20ac0.0m) <span class=\"_ _14c\"> </span><span class=\"fc4 ls0 ws0\">0.0 <span class=\"_ _1b0\"> </span><span class=\"ff2f fc0 ls49\">43.5 </span></span>Interest rate sw<span class=\"_ _92\"></span>ap relating to  financial liabilities (freestanding) \u20ac37.3m (previous year: \u20ac0.0m) 0.0 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">1.<span class=\"_ _92\"></span>1 </span>1 The referenc<span class=\"_ _43\"></span>e value inclu<span class=\"_ _43\"></span>des the refer<span class=\"_ _43\"></span>ence basis <span class=\"_ _43\"></span>of the derivative<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span>. The actual <span class=\"_ _43\"></span>cash flows on<span class=\"_ _43\"></span>ly represent a <span class=\"_ _43\"></span>fractio<span class=\"ls199 ws896\">n of th<span class=\"_ _43\"></span>ese values<span class=\"_ _333\"> </span></span><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsf0 ws2cb gs10dc\">Financia<span class=\"_ _92\"></span>l instruments </div>Derivativ<span class=\"_ _92\"></span>e financial instruments in<span class=\"_ _92\"></span> other liabilities <span class=\"_ _106\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _208\"> </span><span class=\"lsca ws30\">Reference value<span class=\"_ _333\"> </span></span>1 <span class=\"_ _b0\"> </span><span class=\"fc4 ls1a ws24\">Negative fair v<span class=\"_ _92\"></span>alues <span class=\"_ _1b3\"> </span><span class=\"ff2c fc0 ls46 ws2b\">Negative fair </span></span>values   <span class=\"_ _77\"> </span><span class=\"ff2f ls31\">  <span class=\"_ _132\"> </span><span class=\"fc4 ls159\">31/1<span class=\"_ _43\"></span>2/2021 <span class=\"_ _5a\"> </span></span><span class=\"ff37 ls24\">31/12/2022 </span></span>Interest rate sw<span class=\"_ _92\"></span>aps \u2013 hedges  (fixed interest <span class=\"_ _92\"></span>payment) \u20ac0.0m (previous year: \u20ac56.8m) 3.6 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span>Interest rate sw<span class=\"_ _92\"></span>ap relating to  financial liabilities (freestanding) \u20ac0.0m (previous year: \u20ac90.8m) <span class=\"_ _19f\"> </span><span class=\"fc4 ls0 ws0\">2.3 <span class=\"_ _16f\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span>1 The referenc<span class=\"_ _43\"></span>e value inclu<span class=\"_ _43\"></span>des the refer<span class=\"_ _43\"></span>ence basis <span class=\"_ _43\"></span>of the derivative<span class=\"_ _43\"></span> instruments<span class=\"_ _43\"></span>. The actual <span class=\"_ _43\"></span>cash flows on<span class=\"_ _43\"></span>ly represent a <span class=\"_ _43\"></span>fractio<span class=\"ls199 ws896\">n of th<span class=\"_ _43\"></span>ese values. </span>The derivative <span class=\"_ _92\"></span>financial instruments listed serve exclusively<span class=\"_ _92\"></span> to hedge financially ag<span class=\"_ _92\"></span>ainst existing currency and inter<span class=\"_ _92\"></span>est rate risks (see sectio<span class=\"_ _92\"></span>n entitled Int<span class=\"_ _92\"></span>erest rate risk for<span class=\"_ _92\"></span> notes on the inter<span class=\"_ _92\"></span>est rate swaps<span class=\"_ _92\"></span> entered in<span class=\"_ _92\"></span>to f<span class=\"_ _43\"></span>or financial liabilities bearing vari<span class=\"ls6d wsa2d\">able interest as well as fo<span class=\"_ _92\"></span>r intra-Group pr<span class=\"_ _92\"></span>oject </span>financing)<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> For<span class=\"_ _92\"></span> VERBUND, ensuring t<span class=\"_ _92\"></span>hat liquidity is av<span class=\"_ _92\"></span>ailable at all times has<span class=\"_ _92\"></span> the highest priority. As at 31 <span class=\"_ _92\"></span>December 2022, VERBUND had an envir<span class=\"_ _92\"></span>onmental, <span class=\"ls95 wsa66\">social, governance (ESG)-l<span class=\"ls1b ws71f\">inked syndicated loan </span></span>in the amount of \u20ac500.0m at its di<span class=\"lsb2 ws90a\">sposal that had not been drawn do<span class=\"ls82 ws736\">wn. The loan, which was taken out </span></span>with twelve domestic and intern<span class=\"_ _92\"></span>at<span class=\"_ _43\"></span><span class=\"ls87 ws3fc\">ional banks with good credit rati<span class=\"ls46 ws6dc\">ngs<span class=\"_ _92\"></span>, matur<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s in December <span class=\"_ _92\"></span>2023 with </span></span>two additional extension opt<span class=\"_ _43\"></span>ions of one year in ea<span class=\"ls1ca ws4ff\">ch<span class=\"_ _43\"></span> case. VERBUND<span class=\"_ _43\"></span> also had a<span class=\"_ _43\"></span>ccess to commit<span class=\"_ _43\"></span>ted </span>lines of credit amounting to \u20ac2,350.0m and un<span class=\"_ _92\"></span>commi<span class=\"ls70 ws1d8\">tted lines of credit amounting to appro<span class=\"_ _92\"></span>x<span class=\"_ _43\"></span>imately </span>\u20ac2,740.0m at the end of 2022. As a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31 <span class=\"_ _14\"></span>December <span class=\"_ _14\"></span>2022, <span class=\"ls7d ws284\">these cr<span class=\"_ _92\"></span>edit lines had been drawn do<span class=\"_ _92\"></span>wn in the<span class=\"_ _43\"></span> </span>amount of \u20ac150.0m and \u20ac500m. In addition, ther<span class=\"_ _92\"></span>e are al<span class=\"ls64 ws655\">so liquidity reserves in <span class=\"ls83 ws477\">the form of securities </span></span>and investment funds<span class=\"_ _92\"></span>.  See section <span class=\"_ _121\"></span>5.1 Accoun<span class=\"_ _92\"></span>ting treatm<span class=\"_ _92\"></span>ent of financial ins<span class=\"_ _92\"></span>truments regar<span class=\"_ _92\"></span>ding contractuall<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> agreed<span class=\"_ _92\"></span> (undiscounted) cash out<span class=\"_ _43\"></span>flows from financial <span class=\"ls79 ws190\">liabilities in accor<span class=\"_ _92\"></span>dan<span class=\"ls75 ws81\">ce with IFRS 7.<span class=\"_ _333\"> </span></span></span>The amount<span class=\"_ _92\"></span>s reported on the asset side <span class=\"_ _92\"></span>also represen<span class=\"_ _92\"></span>t the maximum credit an<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>default risk. <span class=\"_ _8a\"></span> The counterpar<span class=\"_ _92\"></span>ty risk in the electricity and grid busine<span class=\"ls76 ws7f\">ss as wel<span class=\"_ _92\"></span>l as in the finance are<span class=\"_ _92\"></span>a is measured and </span>monitored uniformly as par<span class=\"_ _43\"></span>t of Group-wide risk management.  Measures to r<span class=\"_ _92\"></span>educe counterparty risk 1 <span class=\"_ _177\"> </span><span class=\"ls1c ws1d\">Transactions and i<span class=\"_ _92\"></span>nvestments are carri<span class=\"ls2b ws29\">ed out principally only with custom<span class=\"ls46 ws45\">ers with sufficient creditworthiness </span></span></span>(i.e. with external <span class=\"_ _92\"></span>investment grade ratings from an internation<span class=\"_ _92\"></span>al rating agency or based on  an internal credit review) 2 <span class=\"_ _177\"> </span><span class=\"ls34 ws32\">Assignmen<span class=\"_ _92\"></span>t of individual limits for each co<span class=\"ls21 ws22\">unterparty based on th<span class=\"_ _92\"></span>e credit assessment </span></span>3 <span class=\"_ _177\"> </span><span class=\"ls46 ws45\">Group-wide monitoring of the <span class=\"ls61 ws62\">in<span class=\"_ _92\"></span>dividual counterparty limits </span></span>4 <span class=\"_ _177\"> </span><span class=\"ls33 ws30\">Observ<span class=\"_ _92\"></span>ance of counterparty risk as a whole and of th<span class=\"_ _92\"></span>e customer structure portfolio based on  </span>probabilities published by inter<span class=\"_ _92\"></span><span class=\"ls60 ws61\">national rating agencies </span>5 <span class=\"_ _177\"> </span><span class=\"ls46 ws45\">Securing sufficien<span class=\"_ _92\"></span>t collateral (e<span class=\"ls27 ws27\">.g. advance payments, bank guaran<span class=\"ls1a ws1c\">tees, letters of comfort) for  </span></span></span>transactions entered into 6 <span class=\"_ _177\"> </span><span class=\"ls1d ws1e\">Reduction of risk by ent<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ring into <span class=\"ls1f ws20\">offsetting agreements (<span class=\"_ _92\"></span>with the except<span class=\"ls34 ws32\">ion of operating activities in the </span></span></span>regulated Grid se<span class=\"_ _92\"></span>gment, where there are some <span class=\"_ _92\"></span>trade receivables for which the debto<span class=\"_ _92\"></span>r does not meet the requirements due to<span class=\"_ _92\"></span> obligations to contract)<span class=\"_ _333\"> </span>In the 2022 re<span class=\"_ _92\"></span>porting period, a credit insurance policy was in effect for Austria and Germany in the consumer business area with a 10 <span class=\"_ _86\"></span>% deductible<span class=\"ls0 wsbb9\">. As at 31 <span class=\"_ _89\"></span>December 2022, \u20ac132.1m of the trade </span>receiva<span class=\"_ _92\"></span>bles (previous year: \u20ac114.1m) were co<span class=\"_ _92\"></span>vered under this insur<span class=\"_ _92\"></span>ance policy; however<span class=\"_ _14\"></span>, there is a<span class=\"_ _92\"></span> maximum cover<span class=\"_ _92\"></span>age of \u20ac10.0m per year<span class=\"_ _14\"></span>.<span class=\"_ _333\"> </span>The table belo<span class=\"_ _92\"></span>w provides an o<span class=\"_ _92\"></span>ver<span class=\"_ _43\"></span>view of the ma<span class=\"_ _92\"></span>terial<span class=\"ls87 wsf2\"> financial instruments with credit risk by credit </span>ratin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> group<span class=\"_ _92\"></span>: Fina<span class=\"_ _92\"></span>ncial instruments with credit ri<span class=\"lsc4 ws2b2\">sk by<span class=\"_ _92\"></span> assigned rating group<span class=\"_ _92\"></span> 2022 <span class=\"_ _168\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Credit rating group Equivalent Moody\u2019<span class=\"_ _92\"></span>s rating Financial instruments \u2013 closed items on the balance sheet Securities Non-current and current other receivables<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>Tr<span class=\"_ _63\"></span>a<span class=\"_ _81\"></span>d<span class=\"_ _63\"></span>e<span class=\"_ _81\"></span> receivables Derivatives in the energy area Inv<span class=\"_ _92\"></span>estments as well as cash and cash equivalents<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>A <span class=\"_ _46\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _7\"> </span></span><span class=\"ls0\">270.8 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>30.1 <span class=\"_ _68\"> </span>62.0 <span class=\"_ _1cd\"> </span>181.8 </span>B <span class=\"_ _93\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _7\"> </span></span>168.0 <span class=\"_ _66\"> </span>5.7 <span class=\"_ _68\"> </span>19.0 <span class=\"_ _6\"> </span>325.1 <span class=\"_ _7\"> </span>183.1 <span class=\"_ _1cd\"> </span>168.0 C1\u2013C3 <span class=\"_ _68\"> </span><span class=\"ls2d ws33\">up to Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>21.2 <span class=\"_ _7\"> </span>283.2 <span class=\"_ _1e8\"> </span>1,793.4 <span class=\"_ _2b\"> </span>59.5 </span>D1\u2013D5 <span class=\"_ _6\"> </span><span class=\"ls1e ws1f\">below Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>23.6 <span class=\"_ _7\"> </span>156.5 <span class=\"_ _f3\"> </span>0.0 </span>Not rated <span class=\"_ _93\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>155.4 <span class=\"_ _7\"> </span>833.0 <span class=\"_ _6\"> </span>306.4 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _f3\"> </span>0.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _17b\"> </span><span class=\"ls31\">  <span class=\"_ _8\"> </span><span class=\"ls18\">438.8<span class=\"_ _92\"></span> <span class=\"_ _8\"> </span>161.1 <span class=\"_ _8\"> </span><span class=\"ls49\">873.2 <span class=\"_ _8\"> </span></span>96<span class=\"_ _92\"></span>8.4 <span class=\"_ _94\"> </span>2,195.<span class=\"_ _92\"></span>0 <span class=\"_ _2d4\"> </span>409.3 </span></span>1 incl. receiv<span class=\"_ _43\"></span>ables fro<span class=\"_ _43\"></span>m investees<span class=\"_ _43\"></span> and loans<span class=\"_ _43\"></span> to investe<span class=\"_ _43\"></span>es // 2 Non-current an<span class=\"_ _43\"></span>d current other<span class=\"_ _43\"></span> loans and <span class=\"_ _43\"></span>money market<span class=\"_ _43\"></span> transactions hav<span class=\"_ _43\"></span>e been summaris<span class=\"_ _43\"></span>ed as invest<span class=\"_ _43\"></span>ments in this<span class=\"_ _43\"></span> presentation. Fina<span class=\"_ _92\"></span>ncial instruments with credit <span class=\"lsc4 ws2b2\">risk by<span class=\"_ _92\"></span> assigned rating group 2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _288\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Credit rating group Equivalent Moody\u2019<span class=\"_ _92\"></span>s rating Financial instruments \u2013 closed items on the balance sheet Securities Non-current and current other receivables<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Tr<span class=\"_ _63\"></span>a<span class=\"_ _81\"></span>d<span class=\"_ _63\"></span>e<span class=\"_ _63\"></span>  receivables Derivativ<span class=\"_ _0\"></span>es in the energy area Inv<span class=\"_ _92\"></span>estments as well as cash and cash equivalents<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>A <span class=\"_ _46\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _7\"> </span></span><span class=\"ls0\">247.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>20.9 <span class=\"_ _1e8\"> </span>1,067.3 <span class=\"_ _132\"> </span>2.4 </span>B <span class=\"_ _93\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _7\"> </span></span>199.2 <span class=\"_ _66\"> </span>7.1 <span class=\"_ _68\"> </span>26.6 <span class=\"_ _6\"> </span>372.4 <span class=\"_ _7\"> </span>432.0 <span class=\"_ _1cd\"> </span>299.2 C1\u2013C3 <span class=\"_ _68\"> </span><span class=\"ls2d ws33\">up to Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>43.5 <span class=\"_ _7\"> </span>203.3 <span class=\"_ _7\"> </span>889.6 <span class=\"_ _1d1\"> </span>17.0 </span>D1\u2013D5 <span class=\"_ _6\"> </span><span class=\"ls1e ws1f\">below Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>20.6 <span class=\"_ _68\"> </span>38.7 <span class=\"_ _132\"> </span>0.0 </span>Not rated <span class=\"_ _93\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>135.7 <span class=\"_ _7\"> </span>726.0 <span class=\"_ _6\"> </span>201.2 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _f3\"> </span>0.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _17b\"> </span><span class=\"ls31\">  <span class=\"_ _8\"> </span><span class=\"ls18\">447.2<span class=\"_ _92\"></span> <span class=\"_ _8\"> </span>142.8 <span class=\"_ _8\"> </span>79<span class=\"_ _92\"></span>6.0 <span class=\"_ _8\"> </span>818.4 <span class=\"_ _b\"> </span>2,427.6 <span class=\"_ _6\"> </span>318.6 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. // 2 incl. rece<span class=\"_ _43\"></span>ivables fro<span class=\"_ _43\"></span>m investees<span class=\"_ _43\"></span> and loans t<span class=\"_ _43\"></span>o invest<span class=\"_ _43\"></span>ees // 3 Non-current and current other loans and m<span class=\"_ _43\"></span>oney market tr<span class=\"_ _43\"></span>ansactions<span class=\"_ _43\"></span> have been<span class=\"_ _43\"></span> summarised<span class=\"_ _43\"></span> as invest<span class=\"_ _43\"></span>ments in <span class=\"_ _43\"></span>this presentat<span class=\"_ _43\"></span>ion<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls76 wsc9\">Securities and loans r<span class=\"_ _92\"></span>elated to closed item<span class=\"_ _92\"></span>s on the balance sheet </span></span>These ar<span class=\"_ _92\"></span>e not exposed to price or foreign exch<span class=\"_ _92\"></span>ange risk from VERBUND\u2019<span class=\"_ _14\"></span>s perspective<span class=\"_ _92\"></span>. <span class=\"_ _84\"></span> The inves<span class=\"_ _92\"></span>tments wer<span class=\"_ _92\"></span>e either carried out on the b<span class=\"_ _92\"></span>asis <span class=\"ls33 ws3a2\">of matching curr<span class=\"_ _92\"></span>encies and maturities o<span class=\"_ _92\"></span>r they </span>were adj<span class=\"_ _92\"></span>usted to maturity, in<span class=\"_ _92\"></span>terest rate<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> and curr<span class=\"_ _92\"></span>encies of the correspon<span class=\"_ _92\"></span>ding financial liabilities throu<span class=\"_ _92\"></span>gh corresponding deriva<span class=\"_ _92\"></span>tives. The r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mainin<span class=\"_ _92\"></span>g credit risk of the partner in w<span class=\"_ _92\"></span>hich the investments were made<span class=\"_ _92\"></span> was minimised by only in<span class=\"_ _92\"></span>vesting with partners with original firs<span class=\"_ _92\"></span>t-class ratings (gro<span class=\"_ _92\"></span>up A)<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls67 ws66\">Other securities </span></span>The other securities with<span class=\"_ _92\"></span>out assigned rating<span class=\"_ _92\"></span>s are, in<span class=\"ls96 ws4ea\"> particular<span class=\"_ _14\"></span>, domestic inve<span class=\"ls0 ws3aa\">stment funds (fu<span class=\"_ _92\"></span>nds for </span></span>institutional investors) acquired to cover personnel-related provisions.  \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7e ws8e\">Trade receivables </span></span>The amounts shown as \u201cnot rated\u201d result on the one hand from the<span class=\"_ _43\"></span> expansion of t<span class=\"_ _43\"></span>he consumer business, which led to a large number of receivables that individually li<span class=\"_ _43\"></span>e below the de minimis threshol<span class=\"_ _92\"></span>d (&lt; \u20ac0.2m). On the other hand, it al<span class=\"_ _92\"></span>so in<span class=\"ls19 ws485\">cludes receivables for wh<span class=\"ls70 wsf3\">ich no credit assessments </span></span>were carried ou<span class=\"_ _92\"></span>t due to special circumstances (<span class=\"_ _14\"></span>e.g. legal oblig<span class=\"_ _92\"></span>ations to accept contr<span class=\"_ _92\"></span>acts). The table belo<span class=\"_ _92\"></span>w contains information r<span class=\"_ _92\"></span>egarding th<span class=\"_ _92\"></span>e de<span class=\"ls74 ws3e3\">fault risk and recognised expected cr<span class=\"_ _92\"></span>edit losses </span>for financial instruments that were <span class=\"ls46 ws26e\">classified as measur<span class=\"_ _92\"></span>ed at amortise<span class=\"lsa3 ws3b5\">d cost, with the exception of tr<span class=\"_ _92\"></span>ade </span></span>receivables and r<span class=\"_ _92\"></span>eceivables from investees, which ar<span class=\"_ _92\"></span>e pr<span class=\"ls46 ws466\">imarily also related to tr<span class=\"_ _92\"></span>ade receivables<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> For all<span class=\"_ _92\"></span> </span>financial in<span class=\"_ _92\"></span>struments, the val<span class=\"_ _92\"></span>uation allowance was r<span class=\"_ _92\"></span>ecognised in the amoun<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> of the twelve-m<span class=\"_ _92\"></span>onth expected credit <span class=\"_ _92\"></span>loss, because ther<span class=\"_ _92\"></span>e is a low risk of default<span class=\"_ _92\"></span>.  Expected credit losses 2022<span class=\"_ _92\"></span> <span class=\"_ _96\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _59\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1ed\"> </span><span class=\"ff2f ls31\">Equiva- </span>lent Moody\u2019<span class=\"_ _92\"></span>s rating Proba- bility of default Loss ratio <span class=\"_ _5d\"> </span><span class=\"ls1ab ws0\">Gross </span>carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net carrying amount A <span class=\"_ _95\"> </span><span class=\"ls24 ws24\">up to Aa3<span class=\"_ _92\"></span> <span class=\"_ _17\"> </span><span class=\"ls5b ws5c\">0.02 % <span class=\"_ _17\"> </span>0.60 % <span class=\"_ _94\"> </span><span class=\"ls0 ws0\">270.8 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1e8\"> </span>270.8 </span></span></span>B <span class=\"_ _42\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _17\"> </span><span class=\"ls5b ws5c\">0.06 % <span class=\"_ _c\"> </span>0.70 % <span class=\"_ _94\"> </span></span></span>155.5 <span class=\"_ _49\"> </span>0.1 <span class=\"_ _37\"> </span>155.6 C1\u2013C3 up to Baa3 0.10 %\u2013 <span class=\"fs8 ls5b ws5c\">0.25 % <span class=\"_ _17\"> </span>0.80 % <span class=\"_ _1cd\"> </span></span><span class=\"fs8\">0.0 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1c\"> </span>0.0 </span>Loans portion of a net investment<span class=\"_ _333\"> </span>1 <span class=\"_ _ba\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _179\"> </span></span>43.6 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _21\"> </span>43.6 No recognition of expected  credit losses<span class=\"_ _333\"> </span>2 <span class=\"_ _2cc\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _1e6\"> </span></span>1,096.1 To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls31\">  <span class=\"_ _132\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _218\"> </span><span class=\"ls18\">1,566.2 </span></span>1 In their econ<span class=\"_ _43\"></span>omic subs<span class=\"_ _43\"></span>tance, n<span class=\"_ _43\"></span>on-current<span class=\"_ _43\"></span> loans repr<span class=\"_ _43\"></span>esent an incr<span class=\"_ _43\"></span>ease in t<span class=\"_ _43\"></span>he net inv<span class=\"_ _43\"></span>estment in A<span class=\"_ _43\"></span>shta Bete<span class=\"_ _43\"></span>iligungsv<span class=\"_ _43\"></span>erwaltung Gm<span class=\"_ _43\"></span>b<span class=\"ls275 wsbbf\">H (see section 4.5 Interests accounte<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>for </span>using the equity method). // 2 Guarantees in energy trading in the amount of \u20ac631.4m<span class=\"_ _92\"></span> are <span class=\"_ _43\"></span>maintained as a special asset pool, whic<span class=\"_ _92\"></span>h <span class=\"_ _43\"></span>is why there is no default<span class=\"ls12b wsabc\"> risk. No expected </span>credit losses<span class=\"_ _43\"></span> are recogn<span class=\"_ _43\"></span>ised for th<span class=\"_ _43\"></span>e other re<span class=\"_ _43\"></span>maining fi<span class=\"_ _43\"></span>nancial inst<span class=\"_ _43\"></span>ruments du<span class=\"_ _43\"></span>e to the low a<span class=\"_ _43\"></span>mount of e<span class=\"_ _43\"></span>xposure t<span class=\"_ _43\"></span>o default r<span class=\"_ _43\"></span>isk, t<span class=\"ls42 ws40\">he short term and/or the bo<span class=\"_ _92\"></span>rrower\u2019s good </span>creditworthiness<span class=\"_ _333\"> </span>Expected credit losses 2021<span class=\"_ _92\"></span> <span class=\"_ _da\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _aa\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls31\">\u20acm </span></span>Equiva- lent Moody\u2019<span class=\"_ _92\"></span>s rating Proba- bility of default Loss ratio Gross carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net carrying amount A <span class=\"_ _95\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _c\"> </span><span class=\"ls5b ws5c\">0.02 % <span class=\"_ _c\"> </span>0.60 % <span class=\"_ _94\"> </span></span></span><span class=\"ls0\">247.9 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1e8\"> </span>248.0 </span>B <span class=\"_ _10b\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _c\"> </span><span class=\"ls5b ws5c\">0.06 % <span class=\"_ _17\"> </span>0.70 % <span class=\"_ _94\"> </span></span></span>155.6 <span class=\"_ _1cd\"> </span>0.1 <span class=\"_ _37\"> </span>155.6 C1\u2013C3 up to Baa3 0.10 %\u2013 <span class=\"fs8 ls5b ws5c\">0.26 % <span class=\"_ _c\"> </span>0.80 % <span class=\"_ _49\"> </span></span><span class=\"fs8\">0.0 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1c\"> </span>0.0 </span>Loans portion of a net investment<span class=\"_ _333\"> </span>1 <span class=\"_ _ba\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _179\"> </span></span>47.1 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _21\"> </span>47.1 No recognition of expected  credit losses<span class=\"_ _333\"> </span>2 <span class=\"_ _2cc\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _1e8\"> </span></span>939.7 To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls31\">  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _218\"> </span><span class=\"ls18\">1,390.4 </span></span>1 In their econ<span class=\"_ _43\"></span>omic subs<span class=\"_ _43\"></span>tance, n<span class=\"_ _43\"></span>on-current<span class=\"_ _43\"></span> loans repr<span class=\"_ _43\"></span>esent an incr<span class=\"_ _43\"></span>ease in t<span class=\"_ _43\"></span>he net inv<span class=\"_ _43\"></span>estment in A<span class=\"_ _43\"></span>shta Bete<span class=\"_ _43\"></span>iligungsv<span class=\"_ _43\"></span>erwaltung Gm<span class=\"_ _43\"></span>b<span class=\"ls275 wsbbf\">H (see section 4.5 Interests accounte<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>for </span>using the equity method). // 2 Guarantees in energy trading in the amount of \u20ac597.2m<span class=\"_ _92\"></span> are <span class=\"_ _43\"></span>maintained as a special asset pool, whic<span class=\"_ _92\"></span>h <span class=\"_ _43\"></span>is why there is no default<span class=\"ls12b wsabc\"> risk. No expected </span>credit losses<span class=\"_ _43\"></span> are recogn<span class=\"_ _43\"></span>ised for th<span class=\"_ _43\"></span>e other re<span class=\"_ _43\"></span>maining fi<span class=\"_ _43\"></span>nancial inst<span class=\"_ _43\"></span>ruments du<span class=\"_ _43\"></span>e to the low a<span class=\"_ _43\"></span>mount of e<span class=\"_ _43\"></span>xposure t<span class=\"_ _43\"></span>o default r<span class=\"_ _43\"></span>isk, t<span class=\"ls42 ws40\">he short term and/or the bo<span class=\"_ _92\"></span>rrower\u2019s good </span>creditworthiness. For<span class=\"_ _92\"></span> trade receivables and r<span class=\"_ _92\"></span>eceivables from in<span class=\"_ _92\"></span>vestees that are p<span class=\"_ _92\"></span>rimarily related to tr<span class=\"_ _92\"></span>ade receivables, th<span class=\"_ _92\"></span>e credit los<span class=\"_ _92\"></span>ses expected over the term ar<span class=\"_ _92\"></span>e measured using a v<span class=\"_ _92\"></span>aluation allowan<span class=\"_ _92\"></span>ce matrix<span class=\"_ _43\"></span>:  Expected credit losses 2022<span class=\"_ _92\"></span> <span class=\"_ _1eb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1b2\"> </span><span class=\"ff2f ls1e wsb20\">Loss ratio <span class=\"_ _157\"> </span><span class=\"ls1ab wsb39\">Gross  </span></span>carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net  carrying amount Not past due <span class=\"_ _178\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _3\"> </span><span class=\"ls0 ws0\">978.6 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _127\"> </span>978.6 </span></span>1\u2013<span class=\"fsa\"> </span><span class=\"ls30 ws2d\">30 days past d<span class=\"_ _92\"></span>ue <span class=\"_ _f8\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">23.9 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>23.9 </span></span></span>31\u2013<span class=\"fsa\"> </span><span class=\"ls5d ws5e\">120 days past due <span class=\"_ _156\"> </span></span>10\u2013<span class=\"fsa\"> </span><span class=\"ls9c ws190\">50 % <span class=\"_ _9c\"> </span></span>21.9 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _de\"> </span>21.6 &gt; 120 days past due <span class=\"_ _186\"> </span><span class=\"ls9c ws190\">90 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">12.0 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _61\"> </span>2.1 </span></span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _e6\"> </span><span class=\"ls31\">  <span class=\"_ _66\"> </span><span class=\"ls18\">1,036.4 <span class=\"_ _51\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>10.1 <span class=\"_ _a5\"> </span>1,026.2 </span></span>Expected credit losses 2021<span class=\"_ _92\"></span> <span class=\"_ _1eb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1b2\"> </span><span class=\"ff2f ls1e wsb20\">Loss ratio <span class=\"_ _157\"> </span><span class=\"ls1ab wsb39\">Gross  </span></span>carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net  carrying amount Not past due <span class=\"_ _178\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _3\"> </span><span class=\"ls0 ws0\">837.7 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _127\"> </span>837.7 </span></span>1\u2013<span class=\"fsa\"> </span><span class=\"ls30 ws2d\">30 days past d<span class=\"_ _92\"></span>ue <span class=\"_ _f8\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">4.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _61\"> </span>4.2 </span></span></span>31\u2013<span class=\"fsa\"> </span><span class=\"ls5d ws5e\">120 days past due <span class=\"_ _156\"> </span></span>10\u2013<span class=\"fsa\"> </span><span class=\"ls9c ws190\">50 % <span class=\"_ _16c\"> </span></span>4.4 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _61\"> </span>4.1 &gt; 120 days past due <span class=\"_ _186\"> </span><span class=\"ls9c ws190\">90 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">35.7 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>5.8 <span class=\"_ _de\"> </span>29.9 </span></span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _e6\"> </span><span class=\"ls31\">  <span class=\"_ _125\"> </span><span class=\"ls18\">882.0 <span class=\"_ _1a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>6.1 <span class=\"_ _3\"> </span>876.0<span class=\"_ _333\"> </span></span></span>VERBUND rega<span class=\"_ _92\"></span>rds fluctuations in inte<span class=\"ls98 ws506\">rest rates as a significant cash<span class=\"_ _43\"></span> flow risk. The portion of<span class=\"_ _43\"></span> financial </span>liabilities (taking inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span> rate s<span class=\"_ _92\"></span>waps into account) for which <span class=\"ls26 wsbc2\">VERBUND was exposed <span class=\"ls97 wsbc3\">to a corr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>sponding </span></span>interest r<span class=\"_ _92\"></span>ate risk was 59.4 <span class=\"_ _80\"></span>% as<span class=\"ls19 ws58c\"> at 31 <span class=\"_ _87\"></span>December 2022 (previous year<span class=\"_ _43\"></span>: 56.0 <span class=\"_ _87\"></span>%). The increase compared </span>with the previ<span class=\"_ _92\"></span>ous year can be attribut<span class=\"_ _92\"></span>ed to a larger amoun<span class=\"_ _92\"></span>t of collateral (m<span class=\"_ _92\"></span>argin payments<span class=\"_ _92\"></span>) in connection wit<span class=\"_ _43\"></span>h electricit<span class=\"_ _43\"></span>y trading activities due to increased electr<span class=\"_ _43\"></span>icity prices that we<span class=\"_ _43\"></span>re fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>nced by way of sho<span class=\"_ _92\"></span>r<span class=\"_ _43\"></span>t-term, varia<span class=\"_ _92\"></span>ble-rate money m<span class=\"_ _92\"></span>arket credit lin<span class=\"_ _92\"></span>es.<div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls129 ws552 gs11cb\">Interest r<span class=\"_ _92\"></span>ate  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls161 ws0 gs11cc\">risk </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d wsbc5 gs11ce\">A 1.0 <span class=\"_ _85\"></span>% incr<span class=\"_ _92\"></span>ea<span class=\"_ _43\"></span>se in the interest <span class=\"ls80 wsbc6\">r<span class=\"_ _92\"></span>ate would result in a decrease of \u20ac20.5m p<span class=\"_ _92\"></span>.a. (previous year<span class=\"_ _43\"></span>: <span class=\"_ _89\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls63 ws551 gs11cf\">\u20ac16.0m p<span class=\"_ _92\"></span>.a.) in profit before tax<span class=\"_ _92\"></span>es wi<span class=\"ls64 ws10f\">th the loan portfolio in<span class=\"ls7d ws355\"> existence as at the reporting da<span class=\"_ _92\"></span>te, including </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws342 gs11d0\">the money m<span class=\"_ _92\"></span>arket trans<span class=\"_ _92\"></span>actions. As a rule<span class=\"_ _92\"></span>, hedging instruments ar<span class=\"_ _92\"></span>e used in an attempt t<span class=\"_ _92\"></span>o reduce the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 ws9f1 gs11d1\">effects of sh<span class=\"_ _43\"></span>ort-term market price<span class=\"_ _43\"></span> fluctuations on profit or l<span class=\"_ _43\"></span>oss. However<span class=\"_ _14\"></span>, prolonged negative market </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls97 ws124 gs11d2\">price changes can have a negative impact on performance.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls63 ws878 gs11d3\">At 31 <span class=\"_ _85\"></span>De<span class=\"_ _43\"></span>cember 2022, there wer<span class=\"_ _92\"></span>e interest ra<span class=\"_ _92\"></span>te <span class=\"ls80 ws8f1\">swaps (notional amount<span class=\"_ _63\"></span>: $281.6m<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws3fc gs11d4\">$276.7m) related to closed items on the balance sheet. Th<span class=\"ls75 wsec\">e f<span class=\"_ _92\"></span>air value of these de<span class=\"ls64 ws8eb\">rivatives, together with </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls73 wsbc7 gs11d5\">the related secur<span class=\"_ _43\"></span>ities, loans and receivables, in each ca<span class=\"_ _43\"></span>se form a micro hedg<span class=\"_ _43\"></span>e that exactly eq<span class=\"_ _43\"></span>uates to the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs11d6\">fair value r<span class=\"_ _92\"></span>ecognised for the related fin<span class=\"_ _92\"></span>ancial liability. The changes in fair<span class=\"_ _92\"></span> value of the interest r<span class=\"_ _92\"></span>ate swaps </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls88 wsbc8 gs11d7\">corres<span class=\"_ _92\"></span>pond to the fluctuations in the v<span class=\"_ _92\"></span>alue of the <span class=\"ls19 ws7a9\">hedged financial liabilities measured at fair value </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls19 ws20e gs11d8\">induced by changes in<span class=\"ls166 ws9cd\"> interest rates.  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls70 wsa5a gs11d9\">At 31 <span class=\"_ _92\"></span>December 2022, there were additional inter<span class=\"_ _92\"></span>est<span class=\"_ _43\"></span><span class=\"lsbc ws39e\"> rate swaps in a total notion<span class=\"_ _92\"></span>al amount of \u20ac300.4m </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls0 ws4a1 gs11da\">(previous year: \u20ac56.8m). The significant increase comp<span class=\"_ _92\"></span><span class=\"ls64 ws1d3\">ared with the previous yea<span class=\"ls7a ws188\">r can be attributed to </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws412 gs11db\">business acquisitions by VERBUND in<span class=\"ls46 ws49e\"> Spain. Ther<span class=\"_ _92\"></span>e was a change<span class=\"_ _92\"></span> from variable to fixed inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st rates<span class=\"_ _92\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls19e wsbc9 gs11dc\">due to interest rate swaps that were designated as <span class=\"ls279 ws0\">h<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>d<span class=\"_ _14\"></span>g<span class=\"_ _80\"></span>i<span class=\"_ _14\"></span>n<span class=\"_ _14\"></span>g<span class=\"_ _14\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span>r<span class=\"_ _80\"></span>u<span class=\"_ _14\"></span>m<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>n<span class=\"_ _80\"></span>t<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> a<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> p<span class=\"_ _80\"></span>a<span class=\"_ _14\"></span>r<span class=\"_ _14\"></span>t<span class=\"_ _14\"></span> o<span class=\"_ _80\"></span>f<span class=\"_ _14\"></span> c<span class=\"_ _14\"></span>a<span class=\"_ _14\"></span>s<span class=\"_ _80\"></span>h<span class=\"_ _14\"></span> f<span class=\"_ _14\"></span>l<span class=\"_ _14\"></span>o<span class=\"_ _80\"></span>w<span class=\"_ _14\"></span> h<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>d<span class=\"_ _80\"></span>g<span class=\"_ _14\"></span>e<span class=\"_ _14\"></span>s<span class=\"_ _14\"></span> i<span class=\"_ _80\"></span>n<span class=\"_ _14\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls64 ws9a gs11dd\">accordance with IFRS 9. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa4 wsbca gs11de\">In addition, interest rate swaps (from variable to fixe<span class=\"_ _43\"></span>d interest) were entered into as part of intra-<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 ws274 gs11df\">Group pr<span class=\"_ _92\"></span>oject financing with a notional value of \u20ac37.<span class=\"ls0 ws4da\">3m (previous year: \u20ac90.8m) for which no hedging </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws3b4 gs11e0\">relatio<span class=\"_ _92\"></span>nships could be presented fr<span class=\"_ _92\"></span>om a Group perspective (see sec<span class=\"_ _92\"></span>tion <span class=\"_ _85\"></span>5 Finan<span class=\"_ _92\"></span>cial instruments). <span class=\"_ _89\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gs11e1\">The a<span class=\"_ _92\"></span>verage re<span class=\"_ _0\"></span>maining term<span class=\"_ _92\"></span> for the entire portfo<span class=\"_ _92\"></span>lio is 5.2 years (previous y<span class=\"_ _92\"></span>ear<span class=\"_ _43\"></span>: 4.7 years). </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws46e gs11e3\">There ar<span class=\"_ _92\"></span>e no assets exposed to significan<span class=\"_ _92\"></span>t foreign exchange risks bec<span class=\"_ _92\"></span>ause deliveries are settled alm<span class=\"_ _92\"></span>ost </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls97 ws124 gs11e4\">entirely in euros; the same<span class=\"_ _43\"></span> generally applies to other pr<span class=\"_ _43\"></span>imary financial inst<span class=\"_ _43\"></span>ruments. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws7d4 gs11e5\">Since securities and lo<span class=\"_ _92\"></span>ans under closed items on the balance <span class=\"_ _92\"></span>sheet as well as the associated l<span class=\"_ _92\"></span>iabilities </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws102 gs11e6\">are denom<span class=\"_ _92\"></span>inated exclusively in US doll<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>rs, n<span class=\"_ _92\"></span>o foreign exchang<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> risk is incurred. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls70 ws56b gs11e8\">All cross-border leasing tr<span class=\"_ _92\"></span>ansactions entered into<span class=\"ls19\"> in the years 1999 to 2001 <span class=\"_ _92\"></span>were terminated early in </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls99 ws369 gs11e9\">prior financial years.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 ws317 gs11ea\">Some of the cr<span class=\"_ _92\"></span>oss-border le<span class=\"_ _92\"></span>as<span class=\"_ _43\"></span>ing trans<span class=\"_ _92\"></span>actions were termina<span class=\"_ _92\"></span>ted early in their entir<span class=\"_ _92\"></span>ety, while some </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb1 ws409 gs11eb\">were on<span class=\"_ _92\"></span>ly partially termina<span class=\"_ _92\"></span>ted, whereby t<span class=\"_ _92\"></span>he transacti<span class=\"ls88 ws151\">on<span class=\"_ _92\"></span>s with investors and the associat<span class=\"_ _92\"></span>ed A-loans were </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7a ws3af gs11ec\">repaid while the existing B-loans were continued <span class=\"_ _92\"></span><span class=\"lsa2 ws2b8\">by VERBUND (see section <span class=\"_ _87\"></span>8.<span class=\"ls79 ws16e\">1 Financial liabilities). </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws9d9 gs11ed\">Balance sheet <span class=\"_ _92\"></span>cover remains in<span class=\"_ _92\"></span> place for the continued portions<span class=\"_ _92\"></span>. Expenses and income from the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 wsa41 gs11ee\">measur<span class=\"_ _92\"></span>ement of these items co<span class=\"_ _92\"></span>rrespond to one ano<span class=\"_ _92\"></span>ther in terms of both value an<span class=\"_ _92\"></span>d value date<span class=\"_ _92\"></span>, and are </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws186 gs11ef\">offset. The r<span class=\"_ _92\"></span>eference value of the inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st rate <span class=\"_ _92\"></span><span class=\"ls71 wsf8\">swaps amounts to $281.6m (previous year:<span class=\"_ _43\"></span> $276.7m).  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws178 gs11f0\">The financial as<span class=\"_ _92\"></span>sets and liabilities th<span class=\"_ _92\"></span>at relate t<span class=\"_ _92\"></span>o the closed items on the bala<span class=\"_ _92\"></span>nce sheet are no<span class=\"_ _92\"></span>t shown </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws82 gs11f1\">as net amoun<span class=\"_ _92\"></span>ts. In the ev<span class=\"_ _92\"></span>ent of insolvency, the in<span class=\"_ _92\"></span>terest rates s<span class=\"_ _92\"></span>waps (\u20ac31.5m<span class=\"_ _43\"></span>; previous y<span class=\"_ _92\"></span>ear<span class=\"_ _43\"></span>: \u20ac70.3m) can </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsbc ws3f8 gs11f2\">be netted against the financial liab<span class=\"ls7d ws766\">ilities to banks r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cognised at fa<span class=\"ls9c wsbcb\">ir value (\u20ac312.3m; previous year<span class=\"_ _43\"></span>: </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws154 gs11f3\">\u20ac330.1m). The net liability fr<span class=\"_ _92\"></span><span class=\"ls78 ws501\">om b<span class=\"_ _43\"></span>oth of these items therefor<span class=\"_ _92\"></span>e amou<span class=\"_ _43\"></span><span class=\"ls87 ws154\">nted to \u20ac280.8m as at 31 <span class=\"_ _14\"></span>D<span class=\"_ _43\"></span>ecember </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 wsde gs11f4\">2022 (previous year: \u20ac259.8m). </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws108 gs11f5\">For<span class=\"_ _92\"></span> two transactions ended early in<span class=\"_ _92\"></span> which the financial liabilities wer<span class=\"_ _92\"></span>e continued, there r<span class=\"_ _92\"></span>emains the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa4 wsb40 gs11f6\">risk that it w<span class=\"_ _43\"></span>ill be necessar<span class=\"_ _43\"></span>y to exchange the inve<span class=\"ls9c wsbcc\">sting financial institutions<span class=\"ls69 wsbcd\"> or pro<span class=\"_ _92\"></span>vide<span class=\"_ _43\"></span> additional </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws72f gs11f7\">collater<span class=\"_ _92\"></span>al in the event that th<span class=\"_ _92\"></span>e rating of the in<span class=\"_ _92\"></span>vesting financial institutions or<span class=\"_ _92\"></span> of VERBUND falls below a </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 wsbce gs11f8\">certain thresho<span class=\"_ _92\"></span>ld. The ratings<span class=\"_ _92\"></span> of contractual parties as well<span class=\"_ _92\"></span> as VERBUND\u2019<span class=\"_ _92\"></span>s rating ex<span class=\"_ _92\"></span>ceeded the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws7e3 gs11f9\">contractually agreed thr<span class=\"_ _92\"></span>esholds <span class=\"ls87 ws6ac\">on 31 December 2022. Thus there is curr<span class=\"_ _92\"></span>ently no need for VERBUND to</span><span class=\"ls87 ws6ac\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls1db wsbcf gs11fb\">Fore<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>g<span class=\"_ _43\"></span>n<span class=\"_ _43\"></span>  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls27a ws6d2 gs11fc\">exch<span class=\"_ _43\"></span>an<span class=\"_ _43\"></span>ge<span class=\"_ _43\"></span>  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls161 ws0 gs11fd\">risk </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls14c ws97d gs11ff\">Risk from <span class=\"_ _92\"></span> </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls105 ws9a6 gs1200\">cross-bor<span class=\"_ _92\"></span>d<span class=\"_ _43\"></span>er  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsb0 wsb2c gs1201\">leasing  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls5f ws0 gs1202\">transactions </div>switch individual contractual partie<span class=\"lsb4 wsbd1\">s or investments. This risk is also reduced not least of all by the </span>existence of guarantors\u2019 liabilities from regional<span class=\"ls70 ws204\"> authorities for <span class=\"_ _92\"></span>sp<span class=\"_ _43\"></span>ecific<span class=\"ls7d ws21e\"> contractual parties.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "11.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"lsef wsb8b\">Risk management  </span>VERBUND also uses primary and deriv<span class=\"_ _92\"></span>ative financial instrumen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s in both the fin<span class=\"_ _92\"></span>ance and energy area<span class=\"_ _92\"></span> for the purpose of<span class=\"_ _92\"></span> risk management<span class=\"_ _92\"></span>.<span class=\"_ _333\"> </span><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls262 ws0 gs1204\">11.2<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls101 ws309\">Risk management in the energy area  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 ws30d gs1205\">Within its core<span class=\"_ _92\"></span> business, VERBUND<span class=\"fs0 ls0 ws0\"> <span class=\"_ _63\"></span></span><span class=\"ls33 ws808\">is active in international<span class=\"_ _92\"></span> energy markets <span class=\"_ _92\"></span>and is thus exposed to </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws180 gs1206\">market<span class=\"_ _92\"></span>, counterparty an<span class=\"_ _92\"></span>d operational risk<span class=\"_ _92\"></span>s that ha<span class=\"_ _92\"></span>ve to be seen alongside corr<span class=\"_ _92\"></span>esponding opportun<span class=\"_ _92\"></span>ities. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 ws66c gs1207\">Dealing with m<span class=\"_ _92\"></span>arket risks is man<span class=\"_ _92\"></span>aged by means of rule book<span class=\"_ _92\"></span>s and the limits established in them<span class=\"_ _92\"></span>. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws311 gs1208\">Counterparty risk is a<span class=\"_ _92\"></span>pproached using separa<span class=\"_ _92\"></span>te guidelines both at the Gr<span class=\"_ _92\"></span>oup level as well as at the level </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsc9 gs1209\">of the subsidiaries<span class=\"_ _92\"></span>. There is a p<span class=\"_ _92\"></span>rocess manual<span class=\"_ _92\"></span> for the managemen<span class=\"_ _92\"></span>t of operational risk<span class=\"_ _92\"></span>s.<span class=\"_ _333\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws70a gs120a\">The curren<span class=\"_ _92\"></span>t utilisation of the various l<span class=\"_ _92\"></span>imits for market risk (v<span class=\"_ _92\"></span>alue at risk, stre<span class=\"_ _92\"></span>ss limit, stop-loss li<span class=\"_ _92\"></span>mits </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws451 gs120b\">and exposur<span class=\"_ _92\"></span>e limits) is monitor<span class=\"_ _92\"></span>ed, managed and r<span class=\"_ _92\"></span>eported on a daily basis, <span class=\"_ _92\"></span>as is the risk position of the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f wsda gs120c\">(d<span class=\"_ _92\"></span>erivative) financial instruments in th<span class=\"_ _92\"></span>e energy area<span class=\"_ _92\"></span>. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 ws52a gs120d\">At 31 <span class=\"_ _88\"></span>December 2022, derivative fin<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>ncial instrume<span class=\"ls64 ws4ce\">nts in the energy area <span class=\"_ _92\"></span><span class=\"ls63 ws410\">(electricity futur<span class=\"_ _92\"></span>es and </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws252 gs120e\">electricity forwards as well as g<span class=\"_ _92\"></span>as futures and gas forwards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span></div><div class=\"t m0 h46 ff28 fs13 fc0 sc0 ls0 ws0 gs120f\">2</div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls0 ws101 gs1210\"> futures and CO<span class=\"_ _333\"> </span></div><div class=\"t m0 h46 ff28 fs13 fc0 sc0 ls0 ws0 gs1211\">2</div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls63 ws3da gs1212\"> forwards) comprised </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsc5 ws5fd gs1213\">the following: </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws7e4 gs1214\">Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>2 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1215\">  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1216\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1217\">Negative  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1218\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1219\">Net </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs121a\">Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">580.8 <span class=\"_ _132\"> </span>1,618.4 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,037.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs121b\">Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">426.6 <span class=\"_ _3\"> </span>701.1 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>274.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls45 ws0 gs121c\">Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs121d\">T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,012.1 <span class=\"_ _66\"> </span>2,491.9<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,479.8<span class=\"_ _92\"></span> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs121e\">of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">948.1 <span class=\"_ _132\"> </span>1,879.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>931.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs121f\">of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">64.0 <span class=\"_ _3\"> </span>612.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>548.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1220\">of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _114\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _18c\"> </span>  <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,479.8 </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf8 ws734 gs1221\">Wh<span class=\"_ _92\"></span>olesale as at 31/12/2022 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1222\">  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1223\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1224\">Negative  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1225\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1226\">Net </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs1227\">Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,650.3 <span class=\"_ _3\"> </span>542.0 <span class=\"_ _aa\"> </span>1,108.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs1228\">Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,994.7 <span class=\"_ _132\"> </span>2,875.3 <span class=\"_ _127\"> </span>119.4 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1229\">T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,645.0 <span class=\"_ _66\"> </span>3,417.3<span class=\"_ _92\"></span> <span class=\"_ _132\"> </span>1,227.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs122a\">of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,798.3 <span class=\"_ _132\"> </span>2,410.0 <span class=\"_ _aa\"> </span>1,388.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs122b\">of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">846.7 <span class=\"_ _132\"> </span>1,007.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>160.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws387 gs122c\">Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">900.7 <span class=\"_ _132\"> </span>1,980.4 <span class=\"_ _1d1\"> </span>\u2013<span class=\"fsa\"> </span>1,079.7 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs122d\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _224\"> </span><span class=\"ls31\">  <span class=\"_ _18e\"> </span>  <span class=\"_ _16a\"> </span><span class=\"ls18\">147.9<span class=\"_ _333\"> </span></span></span><span class=\"ls31\"><span class=\"ls18\"> </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws7e4 gs122f\">T<span class=\"_ _14\"></span>rading as at 31/12/2022<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls156 wsbd2 gs1230\">Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1231\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1232\">Negative  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1233\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1234\">Net </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs1235\">Futures <span class=\"_ _d1\"> </span><span class=\"ls0\">85.7 <span class=\"_ _9c\"> </span>88.5 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>2.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs1236\">Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">1,354.6 <span class=\"_ _132\"> </span>1,353.2 <span class=\"_ _46\"> </span>1.4 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1237\">T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">1,440.3 <span class=\"_ _66\"> </span>1,441.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1.4 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1238\">of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,091.0 <span class=\"_ _132\"> </span>1,094.7 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>3.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs1239\">of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">349.3 <span class=\"_ _3\"> </span>347.0 <span class=\"_ _46\"> </span>2.3 </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsaf ws262 gs123a\">T<span class=\"_ _14\"></span>otal as at 31/12/2022 <span class=\"_ _2ea\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs123b\">  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs123c\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs123d\">Negative  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs123e\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs123f\">Net </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs1240\">Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">2,316.8 <span class=\"_ _132\"> </span>2,248.9 <span class=\"_ _de\"> </span>67.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs1241\">Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,775.9 <span class=\"_ _132\"> </span>4,929.6 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>153.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls45 ws0 gs1242\">Options <span class=\"_ _229\"> </span><span class=\"ls0\">4.7 <span class=\"_ _3\"> </span>172.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>167.7 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1243\">T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">7,097.3 <span class=\"_ _66\"> </span>7,351.0<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs1244\">Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>4,790.2 <span class=\"_ _61\"> </span>0.0 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs1245\">T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,307.2 <span class=\"_ _66\"> </span>2,<span class=\"_ _92\"></span>560.8 <span class=\"_ _5b\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls49\">253.6 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1246\">EEX/ECX clearing variation margins of futures <span class=\"_ _111\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>112.2 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>112.2 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws30 gs1247\">Recognised in either receivables from  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs1248\">derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws68 gs1249\">derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,195.0 <span class=\"_ _66\"> </span>2,560.8<span class=\"_ _92\"></span> <span class=\"_ _69\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>365.<span class=\"_ _92\"></span>8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs124a\">of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,825.3 <span class=\"_ _132\"> </span>1,491.6 <span class=\"_ _127\"> </span>333.7 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs124b\">of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">369.7 <span class=\"_ _132\"> </span>1,069.2 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>699.5<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls0 ws643 gs124d\">At 31 December 2021, deriva<span class=\"_ _92\"></span>tive financial instr<span class=\"_ _43\"></span>uments <span class=\"ls46 ws98b\">in the energy area (<span class=\"_ _92\"></span>electricity futures as well as </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 wsbd3 gs124e\">electricity forwards and option<span class=\"_ _92\"></span>s, gas futures an<span class=\"_ _92\"></span>d gas for<span class=\"_ _43\"></span>wards<span class=\"_ _92\"></span>, CO<span class=\"_ _333\"> </span></div><div class=\"t m0 h46 ff28 fs13 fc0 sc0 ls0 ws0 gs124f\">2</div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls11f wsbd4 gs1250\"> futures a<span class=\"_ _43\"></span>nd CO<span class=\"_ _333\"> </span></div><div class=\"t m0 h46 ff28 fs13 fc0 sc0 ls0 ws0 gs1251\">2</div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d wsbd5 gs1252\"> forwards) </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws145 gs1253\">comprised the following:  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws7e4 gs1254\">Sales and procur<span class=\"_ _92\"></span>ement (cash flow hedges) as at 31/12/202<span class=\"_ _92\"></span>1 <span class=\"_ _a1\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1255\">  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1256\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1257\">Negative  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1258\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1259\">Net </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs125a\">Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">267.6 <span class=\"_ _132\"> </span>1,334.8 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,067.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs125b\">Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _206\"> </span><span class=\"ls0\">229.1 <span class=\"_ _3\"> </span>973.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>744.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls45 ws0 gs125c\">Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs125d\">T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">504.1 <span class=\"_ _66\"> </span>2,425.8 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,921.<span class=\"_ _92\"></span>8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs125e\">of which current <span class=\"_ _b9\"> </span><span class=\"ls0 ws0\">450.9 <span class=\"_ _132\"> </span>2,243.2 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,792.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs125f\">of which non-current <span class=\"_ _2e9\"> </span><span class=\"ls0 ws0\">53.2 <span class=\"_ _3\"> </span>182.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>129.5 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1260\">of which in other co<span class=\"ls26 ws26\">mprehensiv<span class=\"_ _92\"></span>e income <span class=\"_ _5c\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,921.8 </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsf8 ws734 gs1261\">Wh<span class=\"_ _92\"></span>olesale as at 31/12/2021 <span class=\"_ _15b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1262\">  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1263\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1264\">Negative  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1265\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1266\">Net </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs1267\">Futures <span class=\"_ _2ca\"> </span><span class=\"ls0\">1,489.9 <span class=\"_ _3\"> </span>595.6 <span class=\"_ _127\"> </span>894.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs1268\">Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">2,435.8 <span class=\"_ _132\"> </span>3,209.9 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>774.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws0 gs1269\">Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs126a\">T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls31 ws0\">3,933.1<span class=\"_ _43\"></span> <span class=\"_ _66\"> </span><span class=\"ls18\">3,805.5 <span class=\"_ _3\"> </span>127.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs126b\">of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,464.1 <span class=\"_ _132\"> </span>3,174.3 <span class=\"_ _127\"> </span>289.8 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs126c\">of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">469.0 <span class=\"_ _3\"> </span>631.3 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>162.3 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws387 gs126d\">Futures already realised <span class=\"_ _226\"> </span><span class=\"ls0 ws0\">914.8 <span class=\"_ _132\"> </span>1,093.7 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>178.8 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs126e\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2cf\"> </span><span class=\"ls18\">0.0 <span class=\"_ _24c\"> </span>0.0 <span class=\"_ _53\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">51.3 </span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws7e4 gs126f\">T<span class=\"_ _14\"></span>rading as at 31/12/2021<span class=\"_ _92\"></span> <span class=\"_ _272\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1270\">  <span class=\"_ _1bd\"> </span><span class=\"ff2f ls156 wsbd2\">Po<span class=\"_ _63\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1271\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1272\">Negative  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls19 ws33 gs1273\">fair values </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1274\">Net </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws0 gs1275\">Futures <span class=\"_ _13f\"> </span><span class=\"ls0\">222.7 <span class=\"_ _3\"> </span>207.6 <span class=\"_ _de\"> </span>15.1 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs1276\">Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">4,019.8 <span class=\"_ _132\"> </span>4,037.1 <span class=\"_ _3\"> </span>\u2013<span class=\"fsa\"> </span>17.3 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls5d ws2d gs1277\">T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">4,242.5 <span class=\"_ _66\"> </span>4,244.7<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>2.2 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1278\">of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">3,824.0 <span class=\"_ _132\"> </span>3,824.6 <span class=\"_ _12b\"> </span>\u2013<span class=\"fsa\"> </span>0.6 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs1279\">of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">418.5 <span class=\"_ _3\"> </span>420.1 <span class=\"_ _9c\"> </span>\u2013<span class=\"fsa\"> </span>1.6<span class=\"_ _333\"> </span></span><span class=\"ls0 ws0\"> </span></div>T<span class=\"_ _14\"></span>otal as at 31/12/2021<span class=\"_ _333\"> </span>1 <span class=\"_ _2eb\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Po<span class=\"_ _43\"></span>s<span class=\"_ _43\"></span>i<span class=\"_ _43\"></span>t<span class=\"_ _63\"></span>i<span class=\"_ _43\"></span>v<span class=\"_ _43\"></span>e<span class=\"_ _43\"></span>  fair values Negative  fair values Net Futures 1,980.2 <span class=\"_ _132\"> </span>2,138.0 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>157.8 Fo<span class=\"_ _92\"></span>rwards <span class=\"_ _fc\"> </span><span class=\"ls0\">6,684.8 <span class=\"_ _132\"> </span>8,220.7 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,535.9 </span>Options <span class=\"_ _229\"> </span><span class=\"ls0\">7.3 <span class=\"_ _3\"> </span>117.4 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>110.1 </span>Swaps <span class=\"_ _242\"> </span><span class=\"ls0\">7.4 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _61\"> </span>7.4 </span>T<span class=\"_ _14\"></span>otal before netting <span class=\"_ _131\"> </span><span class=\"ls18 ws0\">8,679.6 <span class=\"_ _fd\"> </span>10,476.1 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.<span class=\"_ _92\"></span>4 </span>Including netting agr<span class=\"_ _92\"></span>eements <span class=\"_ _36\"> </span><span class=\"ls0 ws0\">\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _68\"> </span>\u2013<span class=\"fsa\"> </span>6,252.0 <span class=\"_ _61\"> </span>0.0 </span>T<span class=\"_ _14\"></span>otal after netting <span class=\"_ _eb\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _4b\"> </span>4,224.0 <span class=\"_ _68\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,796.4 </span>EEX/ECX clearing variation margins of futures <span class=\"_ _1e4\"> </span><span class=\"ls0 ws0\">0.0 <span class=\"_ _59\"> </span>\u2013<span class=\"fsa\"> </span>181.8 <span class=\"_ _5f\"> </span>181.8 </span>Recognised in either receivables from  derivative financial instrumen<span class=\"_ _92\"></span><span class=\"ls1a ws24\">ts or liabilities from  </span>derivative financial instrumen<span class=\"_ _92\"></span>ts <span class=\"_ _11f\"> </span><span class=\"ls18 ws0\">2,427.6 <span class=\"_ _66\"> </span>4,042.2<span class=\"_ _92\"></span> <span class=\"_ _10f\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>1,614.6 </span>of which current <span class=\"_ _268\"> </span><span class=\"ls0 ws0\">1,972.7 <span class=\"_ _132\"> </span>3,307.5 <span class=\"_ _10d\"> </span>\u2013<span class=\"fsa\"> </span>1,334.8 </span>of which non-current <span class=\"_ _18a\"> </span><span class=\"ls0 ws0\">454.9 <span class=\"_ _3\"> </span>734.8 <span class=\"_ _6c\"> </span>\u2013<span class=\"fsa\"> </span>279.8 </span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8.<span class=\"_ _333\"> </span>Derivative fin<span class=\"_ _92\"></span>ancial instruments in the energy ar<span class=\"_ _92\"></span>ea <span class=\"ls75 ws40b\">with positive fair values <span class=\"_ _92\"></span>are recognised under<span class=\"_ _92\"></span> </span>receiva<span class=\"_ _92\"></span>bles from derivative finan<span class=\"_ _92\"></span>cial instruments, while those with neg<span class=\"_ _92\"></span>ative fair values are r<span class=\"_ _92\"></span>ecognised under liabilities from derivativ<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> fi<span class=\"ls6f ws14b\">nancial ins<span class=\"_ _92\"></span>truments. If a fr<span class=\"_ _92\"></span>amework agree<span class=\"_ _92\"></span>ment with a netting cl<span class=\"_ _92\"></span>ause </span>has been en<span class=\"_ _92\"></span>tered into with a coun<span class=\"_ _92\"></span>terparty, the positive and n<span class=\"_ _92\"></span>egative fair values of th<span class=\"_ _92\"></span>e transactions for this counterpar<span class=\"_ _92\"></span>ty are netted for accoun<span class=\"_ _92\"></span>ting purposes because the aim is to settl<span class=\"_ _92\"></span>e on a net basis. The effects of po<span class=\"_ _92\"></span>tential price fluctuations on the <span class=\"_ _92\"></span>electricity market (\u2013 <span class=\"fs2 ls70 wsbd7\">10.0 <span class=\"_ _89\"></span>% to +<span class=\"fs9 ls0 ws0\"> </span><span class=\"ls67 ws66\">10.0 %) <span class=\"_ _21c\"> </span>were </span></span>measured b<span class=\"_ _92\"></span>y means of a sensitivity analysis<span class=\"_ _43\"></span>: Sensitivity: mark<span class=\"_ _92\"></span>et price fluctuation <span class=\"_ _92\"></span>of +<span class=\"fsa ls0 ws0\"> </span><span class=\"ls16f ws8b8\">10 % <span class=\"_ _32\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Effect on operating <span class=\"ls32 ws2e\">result (wholesale an<span class=\"ls1e ws63\">d trading portfolio) <span class=\"_ _2e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>40.6 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">61.9 </span></span></span></span></span>Effect on equity (revaluation r<span class=\"_ _92\"></span>eserve from cash flow hedges) <span class=\"_ _1ae\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>294.3 <span class=\"_ _5b\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">346.6 </span></span></span>Sensitivity: mark<span class=\"_ _92\"></span>et price fluctuation <span class=\"_ _92\"></span>of \u2013<span class=\"fsa ls0 ws0\"> </span><span class=\"ls16f ws8b8\">10 % <span class=\"_ _265\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Effect on operating <span class=\"ls32 ws2e\">result (wholesale an<span class=\"ls1e ws63\">d trading portfolio) <span class=\"_ _257\"> </span><span class=\"fc4 ls0 ws0\">40.6 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls18\">61.9 </span></span></span></span>Effect on equity (revaluation r<span class=\"_ _92\"></span>eserve from cash flow hedges) <span class=\"_ _1ac\"> </span><span class=\"fc4 ls0 ws0\">294.3 <span class=\"_ _3\"> </span><span class=\"ff2f fc0 ls18\">346.6 </span></span>The future s<span class=\"_ _92\"></span>ales and procuremen<span class=\"_ _92\"></span>t transactions hedged b<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> cash flow<span class=\"_ _92\"></span> hedges will occur over the nex<span class=\"_ _92\"></span>t ten years (2023 to 2032) and be reco<span class=\"ls70 wsa47\">gnised in profit or loss acco<span class=\"ls64 ws8c3\">rdingly. See section <span class=\"_ _89\"></span>5 Financial </span></span>instruments for further<span class=\"_ _92\"></span> details regar<span class=\"_ _92\"></span>ding the electricity futur<span class=\"_ _92\"></span>es and for<span class=\"_ _43\"></span>wards design<span class=\"_ _92\"></span>ated as cash flow<span class=\"_ _92\"></span> hedges.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "<div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 wsbb8 gs10de\">The amount<span class=\"_ _92\"></span>s reported on the asset side <span class=\"_ _92\"></span>also represen<span class=\"_ _92\"></span>t the maximum credit an<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>default risk. <span class=\"_ _8a\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws7fd gs10df\">The counterpar<span class=\"_ _92\"></span>ty risk in the electricity and grid busine<span class=\"ls76 ws7f\">ss as wel<span class=\"_ _92\"></span>l as in the finance are<span class=\"_ _92\"></span>a is measured and </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb4 ws2b6 gs10e0\">monitored uniformly as par<span class=\"_ _43\"></span>t of Group-wide risk management.  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsd1 ws2e8 gs10e1\">Measures to r<span class=\"_ _92\"></span>educe counterparty risk </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs10e2\">1 <span class=\"_ _177\"> </span><span class=\"ls1c ws1d\">Transactions and i<span class=\"_ _92\"></span>nvestments are carri<span class=\"ls2b ws29\">ed out principally only with custom<span class=\"ls46 ws45\">ers with sufficient creditworthiness </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs10e3\">(i.e. with external <span class=\"_ _92\"></span>investment grade ratings from an internation<span class=\"_ _92\"></span>al rating agency or based on  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs10e4\">an internal credit review) </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs10e5\">2 <span class=\"_ _177\"> </span><span class=\"ls34 ws32\">Assignmen<span class=\"_ _92\"></span>t of individual limits for each co<span class=\"ls21 ws22\">unterparty based on th<span class=\"_ _92\"></span>e credit assessment </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs10e6\">3 <span class=\"_ _177\"> </span><span class=\"ls46 ws45\">Group-wide monitoring of the <span class=\"ls61 ws62\">in<span class=\"_ _92\"></span>dividual counterparty limits </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs10e7\">4 <span class=\"_ _177\"> </span><span class=\"ls33 ws30\">Observ<span class=\"_ _92\"></span>ance of counterparty risk as a whole and of th<span class=\"_ _92\"></span>e customer structure portfolio based on  </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs10e8\">probabilities published by inter<span class=\"_ _92\"></span><span class=\"ls60 ws61\">national rating agencies </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs10e9\">5 <span class=\"_ _177\"> </span><span class=\"ls46 ws45\">Securing sufficien<span class=\"_ _92\"></span>t collateral (e<span class=\"ls27 ws27\">.g. advance payments, bank guaran<span class=\"ls1a ws1c\">tees, letters of comfort) for  </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws921 gs10ea\">transactions entered into </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs10eb\">6 <span class=\"_ _177\"> </span><span class=\"ls1d ws1e\">Reduction of risk by ent<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>ring into <span class=\"ls1f ws20\">offsetting agreements (<span class=\"_ _92\"></span>with the except<span class=\"ls34 ws32\">ion of operating activities in the </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws68 gs10ec\">regulated Grid se<span class=\"_ _92\"></span>gment, where there are some <span class=\"_ _92\"></span>trade receivables for which the debto<span class=\"_ _92\"></span>r does not meet the </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs10ed\">requirements due to<span class=\"_ _92\"></span> obligations to contract)<span class=\"_ _333\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls9b wsd1 gs10f1\">Credit risk </div>In the 2022 re<span class=\"_ _92\"></span>porting period, a credit insurance policy was in effect for Austria and Germany in the consumer business area with a 10 <span class=\"_ _86\"></span>% deductible<span class=\"ls0 wsbb9\">. As at 31 <span class=\"_ _89\"></span>December 2022, \u20ac132.1m of the trade </span>receiva<span class=\"_ _92\"></span>bles (previous year: \u20ac114.1m) were co<span class=\"_ _92\"></span>vered under this insur<span class=\"_ _92\"></span>ance policy; however<span class=\"_ _14\"></span>, there is a<span class=\"_ _92\"></span> maximum cover<span class=\"_ _92\"></span>age of \u20ac10.0m per year<span class=\"_ _14\"></span>.<span class=\"_ _333\"> </span>The table belo<span class=\"_ _92\"></span>w provides an o<span class=\"_ _92\"></span>ver<span class=\"_ _43\"></span>view of the ma<span class=\"_ _92\"></span>terial<span class=\"ls87 wsf2\"> financial instruments with credit risk by credit </span>ratin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> group<span class=\"_ _92\"></span>: Fina<span class=\"_ _92\"></span>ncial instruments with credit ri<span class=\"lsc4 ws2b2\">sk by<span class=\"_ _92\"></span> assigned rating group<span class=\"_ _92\"></span> 2022 <span class=\"_ _168\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>Credit rating group Equivalent Moody\u2019<span class=\"_ _92\"></span>s rating Financial instruments \u2013 closed items on the balance sheet Securities Non-current and current other receivables<span class=\"_ _333\"> </span>1<span class=\"_ _333\"> </span>Tr<span class=\"_ _63\"></span>a<span class=\"_ _81\"></span>d<span class=\"_ _63\"></span>e<span class=\"_ _81\"></span> receivables Derivatives in the energy area Inv<span class=\"_ _92\"></span>estments as well as cash and cash equivalents<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>A <span class=\"_ _46\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _7\"> </span></span><span class=\"ls0\">270.8 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>30.1 <span class=\"_ _68\"> </span>62.0 <span class=\"_ _1cd\"> </span>181.8 </span>B <span class=\"_ _93\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _7\"> </span></span>168.0 <span class=\"_ _66\"> </span>5.7 <span class=\"_ _68\"> </span>19.0 <span class=\"_ _6\"> </span>325.1 <span class=\"_ _7\"> </span>183.1 <span class=\"_ _1cd\"> </span>168.0 C1\u2013C3 <span class=\"_ _68\"> </span><span class=\"ls2d ws33\">up to Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>21.2 <span class=\"_ _7\"> </span>283.2 <span class=\"_ _1e8\"> </span>1,793.4 <span class=\"_ _2b\"> </span>59.5 </span>D1\u2013D5 <span class=\"_ _6\"> </span><span class=\"ls1e ws1f\">below Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>23.6 <span class=\"_ _7\"> </span>156.5 <span class=\"_ _f3\"> </span>0.0 </span>Not rated <span class=\"_ _93\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>155.4 <span class=\"_ _7\"> </span>833.0 <span class=\"_ _6\"> </span>306.4 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _f3\"> </span>0.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _17b\"> </span><span class=\"ls31\">  <span class=\"_ _8\"> </span><span class=\"ls18\">438.8<span class=\"_ _92\"></span> <span class=\"_ _8\"> </span>161.1 <span class=\"_ _8\"> </span><span class=\"ls49\">873.2 <span class=\"_ _8\"> </span></span>96<span class=\"_ _92\"></span>8.4 <span class=\"_ _94\"> </span>2,195.<span class=\"_ _92\"></span>0 <span class=\"_ _2d4\"> </span>409.3 </span></span>1 incl. receiv<span class=\"_ _43\"></span>ables fro<span class=\"_ _43\"></span>m investees<span class=\"_ _43\"></span> and loans<span class=\"_ _43\"></span> to investe<span class=\"_ _43\"></span>es // 2 Non-current an<span class=\"_ _43\"></span>d current other<span class=\"_ _43\"></span> loans and <span class=\"_ _43\"></span>money market<span class=\"_ _43\"></span> transactions hav<span class=\"_ _43\"></span>e been summaris<span class=\"_ _43\"></span>ed as invest<span class=\"_ _43\"></span>ments in this<span class=\"_ _43\"></span> presentation. Fina<span class=\"_ _92\"></span>ncial instruments with credit <span class=\"lsc4 ws2b2\">risk by<span class=\"_ _92\"></span> assigned rating group 2021<span class=\"_ _333\"> </span></span>1 <span class=\"_ _288\"> </span><span class=\"ff2a fs7 ls31\">\u20acm </span>Credit rating group Equivalent Moody\u2019<span class=\"_ _92\"></span>s rating Financial instruments \u2013 closed items on the balance sheet Securities Non-current and current other receivables<span class=\"_ _333\"> </span>2<span class=\"_ _333\"> </span>Tr<span class=\"_ _63\"></span>a<span class=\"_ _81\"></span>d<span class=\"_ _63\"></span>e<span class=\"_ _63\"></span>  receivables Derivativ<span class=\"_ _0\"></span>es in the energy area Inv<span class=\"_ _92\"></span>estments as well as cash and cash equivalents<span class=\"_ _333\"> </span>3<span class=\"_ _333\"> </span>A <span class=\"_ _46\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _7\"> </span></span><span class=\"ls0\">247.9 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>20.9 <span class=\"_ _1e8\"> </span>1,067.3 <span class=\"_ _132\"> </span>2.4 </span>B <span class=\"_ _93\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _7\"> </span></span>199.2 <span class=\"_ _66\"> </span>7.1 <span class=\"_ _68\"> </span>26.6 <span class=\"_ _6\"> </span>372.4 <span class=\"_ _7\"> </span>432.0 <span class=\"_ _1cd\"> </span>299.2 C1\u2013C3 <span class=\"_ _68\"> </span><span class=\"ls2d ws33\">up to Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>43.5 <span class=\"_ _7\"> </span>203.3 <span class=\"_ _7\"> </span>889.6 <span class=\"_ _1d1\"> </span>17.0 </span>D1\u2013D5 <span class=\"_ _6\"> </span><span class=\"ls1e ws1f\">below Baa3 <span class=\"_ _66\"> </span></span><span class=\"ls0\">0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _68\"> </span>20.6 <span class=\"_ _68\"> </span>38.7 <span class=\"_ _132\"> </span>0.0 </span>Not rated <span class=\"_ _93\"> </span><span class=\"ls0 ws0\">  <span class=\"_ _66\"> </span>0.0 <span class=\"_ _6\"> </span>135.7 <span class=\"_ _7\"> </span>726.0 <span class=\"_ _6\"> </span>201.2 <span class=\"_ _66\"> </span>0.0 <span class=\"_ _f3\"> </span>0.0 </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _17b\"> </span><span class=\"ls31\">  <span class=\"_ _8\"> </span><span class=\"ls18\">447.2<span class=\"_ _92\"></span> <span class=\"_ _8\"> </span>142.8 <span class=\"_ _8\"> </span>79<span class=\"_ _92\"></span>6.0 <span class=\"_ _8\"> </span>818.4 <span class=\"_ _b\"> </span>2,427.6 <span class=\"_ _6\"> </span>318.6 </span></span>1 The comparativ<span class=\"_ _43\"></span>e figures wer<span class=\"_ _43\"></span>e adjusted retr<span class=\"_ _43\"></span>ospectively <span class=\"_ _43\"></span>in accordance<span class=\"_ _43\"></span> with IAS 8. // 2 incl. rece<span class=\"_ _43\"></span>ivables fro<span class=\"_ _43\"></span>m investees<span class=\"_ _43\"></span> and loans t<span class=\"_ _43\"></span>o invest<span class=\"_ _43\"></span>ees // 3 Non-current and current other loans and m<span class=\"_ _43\"></span>oney market tr<span class=\"_ _43\"></span>ansactions<span class=\"_ _43\"></span> have been<span class=\"_ _43\"></span> summarised<span class=\"_ _43\"></span> as invest<span class=\"_ _43\"></span>ments in <span class=\"_ _43\"></span>this presentat<span class=\"_ _43\"></span>ion<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls76 wsc9\">Securities and loans r<span class=\"_ _92\"></span>elated to closed item<span class=\"_ _92\"></span>s on the balance sheet </span></span>These ar<span class=\"_ _92\"></span>e not exposed to price or foreign exch<span class=\"_ _92\"></span>ange risk from VERBUND\u2019<span class=\"_ _14\"></span>s perspective<span class=\"_ _92\"></span>. <span class=\"_ _84\"></span> The inves<span class=\"_ _92\"></span>tments wer<span class=\"_ _92\"></span>e either carried out on the b<span class=\"_ _92\"></span>asis <span class=\"ls33 ws3a2\">of matching curr<span class=\"_ _92\"></span>encies and maturities o<span class=\"_ _92\"></span>r they </span>were adj<span class=\"_ _92\"></span>usted to maturity, in<span class=\"_ _92\"></span>terest rate<span class=\"_ _92\"></span>s<span class=\"_ _43\"></span> and curr<span class=\"_ _92\"></span>encies of the correspon<span class=\"_ _92\"></span>ding financial liabilities throu<span class=\"_ _92\"></span>gh corresponding deriva<span class=\"_ _92\"></span>tives. The r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>mainin<span class=\"_ _92\"></span>g credit risk of the partner in w<span class=\"_ _92\"></span>hich the investments were made<span class=\"_ _92\"></span> was minimised by only in<span class=\"_ _92\"></span>vesting with partners with original firs<span class=\"_ _92\"></span>t-class ratings (gro<span class=\"_ _92\"></span>up A)<span class=\"_ _333\"> </span><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs1155\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls67 ws66\">Other securities </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws28a gs1156\">The other securities with<span class=\"_ _92\"></span>out assigned rating<span class=\"_ _92\"></span>s are, in<span class=\"ls96 ws4ea\"> particular<span class=\"_ _14\"></span>, domestic inve<span class=\"ls0 ws3aa\">stment funds (fu<span class=\"_ _92\"></span>nds for </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls77 wsd0 gs1157\">institutional investors) acquired to cover personnel-related provisions.  </div><div class=\"t m0 h7 ff39 fs2 fc0 sc0 ls0 ws0 gs1158\">\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls7e ws8e\">Trade receivables </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa8 ws7b6 gs1159\">The amounts shown as \u201cnot rated\u201d result on the one hand from the<span class=\"_ _43\"></span> expansion of t<span class=\"_ _43\"></span>he consumer </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls77 wsbbe gs115a\">business, which led to a large number of receivables that individually li<span class=\"_ _43\"></span>e below the de minimis </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa2 ws6a8 gs115b\">threshol<span class=\"_ _92\"></span>d (&lt; \u20ac0.2m). On the other hand, it al<span class=\"_ _92\"></span>so in<span class=\"ls19 ws485\">cludes receivables for wh<span class=\"ls70 wsf3\">ich no credit assessments </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws6e gs115c\">were carried ou<span class=\"_ _92\"></span>t due to special circumstances (<span class=\"_ _14\"></span>e.g. legal oblig<span class=\"_ _92\"></span>ations to accept contr<span class=\"_ _92\"></span>acts). </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls88 ws151 gs115d\">The table belo<span class=\"_ _92\"></span>w contains information r<span class=\"_ _92\"></span>egarding th<span class=\"_ _92\"></span>e de<span class=\"ls74 ws3e3\">fault risk and recognised expected cr<span class=\"_ _92\"></span>edit losses </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsbc ws39e gs115e\">for financial instruments that were <span class=\"ls46 ws26e\">classified as measur<span class=\"_ _92\"></span>ed at amortise<span class=\"lsa3 ws3b5\">d cost, with the exception of tr<span class=\"_ _92\"></span>ade </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws1f8 gs115f\">receivables and r<span class=\"_ _92\"></span>eceivables from investees, which ar<span class=\"_ _92\"></span>e pr<span class=\"ls46 ws466\">imarily also related to tr<span class=\"_ _92\"></span>ade receivables<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> For all<span class=\"_ _92\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws738 gs1160\">financial in<span class=\"_ _92\"></span>struments, the val<span class=\"_ _92\"></span>uation allowance was r<span class=\"_ _92\"></span>ecognised in the amoun<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> of the twelve-m<span class=\"_ _92\"></span>onth </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f wsda gs1161\">expected credit <span class=\"_ _92\"></span>loss, because ther<span class=\"_ _92\"></span>e is a low risk of default<span class=\"_ _92\"></span>.  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9e wsd1 gs1162\">Expected credit losses 2022<span class=\"_ _92\"></span> <span class=\"_ _96\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _59\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1163\">  <span class=\"_ _1ed\"> </span><span class=\"ff2f ls31\">Equiva- </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs1164\">lent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1165\">Moody\u2019<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gs1166\">rating </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws0 gs1167\">Proba- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs1168\">bility of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws0 gs1169\">default </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1e wsb20 gs116a\">Loss ratio <span class=\"_ _5d\"> </span><span class=\"ls1ab ws0\">Gross </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs116b\">carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gs116c\">amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs116d\">V<span class=\"_ _92\"></span>aluation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws0 gs116e\">allow<span class=\"_ _92\"></span>ance </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs116f\">Net </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1170\">carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gs1171\">amount </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws0 gs1172\">A <span class=\"_ _95\"> </span><span class=\"ls24 ws24\">up to Aa3<span class=\"_ _92\"></span> <span class=\"_ _17\"> </span><span class=\"ls5b ws5c\">0.02 % <span class=\"_ _17\"> </span>0.60 % <span class=\"_ _94\"> </span><span class=\"ls0 ws0\">270.8 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1e8\"> </span>270.8 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs1173\">B <span class=\"_ _42\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _17\"> </span><span class=\"ls5b ws5c\">0.06 % <span class=\"_ _c\"> </span>0.70 % <span class=\"_ _94\"> </span></span></span>155.5 <span class=\"_ _49\"> </span>0.1 <span class=\"_ _37\"> </span>155.6 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws0 gs1174\">C1\u2013C3 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs1175\">up to </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws0 gs1176\">Baa3 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5b ws5c gs1177\">0.10 %\u2013</div><div class=\"t m0 hf ff2a fsa fc0 sc0 ls0 ws0 gs1178\"> <span class=\"fs8 ls5b ws5c\">0.25 % <span class=\"_ _17\"> </span>0.80 % <span class=\"_ _1cd\"> </span></span><span class=\"fs8\">0.0 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1c\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs1179\">Loans portion of a net investment<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs117a\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs117b\"> <span class=\"_ _ba\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _179\"> </span></span>43.6 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _21\"> </span>43.6 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs117c\">No recognition of expected  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs117d\">credit losses<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs117e\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs117f\"> <span class=\"_ _2cc\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _1e6\"> </span></span>1,096.1 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs1180\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls31\">  <span class=\"_ _132\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _218\"> </span><span class=\"ls18\">1,566.2 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs1181\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls52 ws54 gs1182\"> In their econ<span class=\"_ _43\"></span>omic subs<span class=\"_ _43\"></span>tance, n<span class=\"_ _43\"></span>on-current<span class=\"_ _43\"></span> loans repr<span class=\"_ _43\"></span>esent an incr<span class=\"_ _43\"></span>ease in t<span class=\"_ _43\"></span>he net inv<span class=\"_ _43\"></span>estment in A<span class=\"_ _43\"></span>shta Bete<span class=\"_ _43\"></span>iligungsv<span class=\"_ _43\"></span>erwaltung Gm<span class=\"_ _43\"></span>b<span class=\"ls275 wsbbf\">H (see section 4.5 Interests accounte<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>for </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls276 wsbc0 gs1183\">using the equity method). // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs1184\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls277 wsbc1 gs1185\"> Guarantees in energy trading in the amount of \u20ac631.4m<span class=\"_ _92\"></span> are <span class=\"_ _43\"></span>maintained as a special asset pool, whic<span class=\"_ _92\"></span>h <span class=\"_ _43\"></span>is why there is no default<span class=\"ls12b wsabc\"> risk. No expected </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls52 ws54 gs1186\">credit losses<span class=\"_ _43\"></span> are recogn<span class=\"_ _43\"></span>ised for th<span class=\"_ _43\"></span>e other re<span class=\"_ _43\"></span>maining fi<span class=\"_ _43\"></span>nancial inst<span class=\"_ _43\"></span>ruments du<span class=\"_ _43\"></span>e to the low a<span class=\"_ _43\"></span>mount of e<span class=\"_ _43\"></span>xposure t<span class=\"_ _43\"></span>o default r<span class=\"_ _43\"></span>isk, t<span class=\"ls42 ws40\">he short term and/or the bo<span class=\"_ _92\"></span>rrower\u2019s good </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls278 ws0 gs1187\">creditworthiness<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span> </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9e wsd1 gs1189\">Expected credit losses 2021<span class=\"_ _92\"></span> <span class=\"_ _da\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _aa\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs118a\">Equiva- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs118b\">lent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs118c\">Moody\u2019<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gs118d\">rating </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls33 ws0 gs118e\">Proba- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws20 gs118f\">bility of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls59 ws0 gs1190\">default </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1e wsb20 gs1191\">Loss ratio </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1ab ws0 gs1192\">Gross </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1193\">carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gs1194\">amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1195\">V<span class=\"_ _92\"></span>aluation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws0 gs1196\">allow<span class=\"_ _92\"></span>ance </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1197\">Net </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs1198\">carrying </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls2a ws0 gs1199\">amount </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws0 gs119a\">A <span class=\"_ _95\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _c\"> </span><span class=\"ls5b ws5c\">0.02 % <span class=\"_ _c\"> </span>0.60 % <span class=\"_ _94\"> </span></span></span><span class=\"ls0\">247.9 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1e8\"> </span>248.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs119b\">B <span class=\"_ _10b\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _c\"> </span><span class=\"ls5b ws5c\">0.06 % <span class=\"_ _17\"> </span>0.70 % <span class=\"_ _94\"> </span></span></span>155.6 <span class=\"_ _1cd\"> </span>0.1 <span class=\"_ _37\"> </span>155.6 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws0 gs119c\">C1\u2013C3 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs119d\">up to </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws0 gs119e\">Baa3 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5b ws5c gs119f\">0.10 %\u2013</div><div class=\"t m0 hf ff2a fsa fc0 sc0 ls0 ws0 gs11a0\"> <span class=\"fs8 ls5b ws5c\">0.26 % <span class=\"_ _c\"> </span>0.80 % <span class=\"_ _49\"> </span></span><span class=\"fs8\">0.0 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1c\"> </span>0.0 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs11a1\">Loans portion of a net investment<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs11a2\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs11a3\"> <span class=\"_ _ba\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _179\"> </span></span>47.1 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _21\"> </span>47.1 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs11a4\">No recognition of expected  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs11a5\">credit losses<span class=\"_ _333\"> </span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs11a6\">2</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs11a7\"> <span class=\"_ _2cc\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _1e8\"> </span></span>939.7 </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs11a8\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls31\">  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _218\"> </span><span class=\"ls18\">1,390.4 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs11a9\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls52 ws54 gs11aa\"> In their econ<span class=\"_ _43\"></span>omic subs<span class=\"_ _43\"></span>tance, n<span class=\"_ _43\"></span>on-current<span class=\"_ _43\"></span> loans repr<span class=\"_ _43\"></span>esent an incr<span class=\"_ _43\"></span>ease in t<span class=\"_ _43\"></span>he net inv<span class=\"_ _43\"></span>estment in A<span class=\"_ _43\"></span>shta Bete<span class=\"_ _43\"></span>iligungsv<span class=\"_ _43\"></span>erwaltung Gm<span class=\"_ _43\"></span>b<span class=\"ls275 wsbbf\">H (see section 4.5 Interests accounte<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>for </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls276 wsbc0 gs11ab\">using the equity method). // </div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs11ac\">2</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls277 wsbc1 gs11ad\"> Guarantees in energy trading in the amount of \u20ac597.2m<span class=\"_ _92\"></span> are <span class=\"_ _43\"></span>maintained as a special asset pool, whic<span class=\"_ _92\"></span>h <span class=\"_ _43\"></span>is why there is no default<span class=\"ls12b wsabc\"> risk. No expected </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls52 ws54 gs11ae\">credit losses<span class=\"_ _43\"></span> are recogn<span class=\"_ _43\"></span>ised for th<span class=\"_ _43\"></span>e other re<span class=\"_ _43\"></span>maining fi<span class=\"_ _43\"></span>nancial inst<span class=\"_ _43\"></span>ruments du<span class=\"_ _43\"></span>e to the low a<span class=\"_ _43\"></span>mount of e<span class=\"_ _43\"></span>xposure t<span class=\"_ _43\"></span>o default r<span class=\"_ _43\"></span>isk, t<span class=\"ls42 ws40\">he short term and/or the bo<span class=\"_ _92\"></span>rrower\u2019s good </span></div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls278 ws0 gs11af\">creditworthiness. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws45 gs11b0\">For<span class=\"_ _92\"></span> trade receivables and r<span class=\"_ _92\"></span>eceivables from in<span class=\"_ _92\"></span>vestees that are p<span class=\"_ _92\"></span>rimarily related to tr<span class=\"_ _92\"></span>ade receivables, th<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs11b1\">credit los<span class=\"_ _92\"></span>ses expected over the term ar<span class=\"_ _92\"></span>e measured using a v<span class=\"_ _92\"></span>aluation allowan<span class=\"_ _92\"></span>ce matrix<span class=\"_ _43\"></span>:  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9e wsd1 gs11b2\">Expected credit losses 2022<span class=\"_ _92\"></span> <span class=\"_ _1eb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs11b3\">  <span class=\"_ _1b2\"> </span><span class=\"ff2f ls1e wsb20\">Loss ratio <span class=\"_ _157\"> </span><span class=\"ls1ab wsb39\">Gross  </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs11b4\">carrying amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs11b5\">V<span class=\"_ _92\"></span>aluation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws0 gs11b6\">allow<span class=\"_ _92\"></span>ance </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs11b7\">Net  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs11b8\">carrying amount </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws5a7 gs11b9\">Not past due <span class=\"_ _178\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _3\"> </span><span class=\"ls0 ws0\">978.6 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _127\"> </span>978.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs11ba\">1\u2013<span class=\"fsa\"> </span><span class=\"ls30 ws2d\">30 days past d<span class=\"_ _92\"></span>ue <span class=\"_ _f8\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">23.9 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>23.9 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs11bb\">31\u2013<span class=\"fsa\"> </span><span class=\"ls5d ws5e\">120 days past due <span class=\"_ _156\"> </span></span>10\u2013<span class=\"fsa\"> </span><span class=\"ls9c ws190\">50 % <span class=\"_ _9c\"> </span></span>21.9 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _de\"> </span>21.6 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs11bc\">&gt; 120 days past due <span class=\"_ _186\"> </span><span class=\"ls9c ws190\">90 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">12.0 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _61\"> </span>2.1 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs11bd\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _e6\"> </span><span class=\"ls31\">  <span class=\"_ _66\"> </span><span class=\"ls18\">1,036.4 <span class=\"_ _51\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>10.1 <span class=\"_ _a5\"> </span>1,026.2 </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls9e wsd1 gs11be\">Expected credit losses 2021<span class=\"_ _92\"></span> <span class=\"_ _1eb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs11bf\">  <span class=\"_ _1b2\"> </span><span class=\"ff2f ls1e wsb20\">Loss ratio <span class=\"_ _157\"> </span><span class=\"ls1ab wsb39\">Gross  </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs11c0\">carrying amount </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws0 gs11c1\">V<span class=\"_ _92\"></span>aluation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls26 ws0 gs11c2\">allow<span class=\"_ _92\"></span>ance </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs11c3\">Net  </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls60 ws813 gs11c4\">carrying amount </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws5a7 gs11c5\">Not past due <span class=\"_ _178\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _3\"> </span><span class=\"ls0 ws0\">837.7 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _127\"> </span>837.7 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs11c6\">1\u2013<span class=\"fsa\"> </span><span class=\"ls30 ws2d\">30 days past d<span class=\"_ _92\"></span>ue <span class=\"_ _f8\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">4.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _61\"> </span>4.2 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs11c7\">31\u2013<span class=\"fsa\"> </span><span class=\"ls5d ws5e\">120 days past due <span class=\"_ _156\"> </span></span>10\u2013<span class=\"fsa\"> </span><span class=\"ls9c ws190\">50 % <span class=\"_ _16c\"> </span></span>4.4 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _61\"> </span>4.1 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs11c8\">&gt; 120 days past due <span class=\"_ _186\"> </span><span class=\"ls9c ws190\">90 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">35.7 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>5.8 <span class=\"_ _de\"> </span>29.9 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls16b ws0 gs11c9\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _e6\"> </span><span class=\"ls31\">  <span class=\"_ _125\"> </span><span class=\"ls18\">882.0 <span class=\"_ _1a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>6.1 <span class=\"_ _3\"> </span>876.0<span class=\"_ _333\"> </span></span></span><span class=\"ls31\"><span class=\"ls18\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "<div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls94 wsb8 gs10ef\">Liquidity risk </div>For<span class=\"_ _92\"></span> VERBUND, ensuring t<span class=\"_ _92\"></span>hat liquidity is av<span class=\"_ _92\"></span>ailable at all times has<span class=\"_ _92\"></span> the highest priority. As at 31 <span class=\"_ _92\"></span>December 2022, VERBUND had an envir<span class=\"_ _92\"></span>onmental, <span class=\"ls95 wsa66\">social, governance (ESG)-l<span class=\"ls1b ws71f\">inked syndicated loan </span></span>in the amount of \u20ac500.0m at its di<span class=\"lsb2 ws90a\">sposal that had not been drawn do<span class=\"ls82 ws736\">wn. The loan, which was taken out </span></span>with twelve domestic and intern<span class=\"_ _92\"></span>at<span class=\"_ _43\"></span><span class=\"ls87 ws3fc\">ional banks with good credit rati<span class=\"ls46 ws6dc\">ngs<span class=\"_ _92\"></span>, matur<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s in December <span class=\"_ _92\"></span>2023 with </span></span>two additional extension opt<span class=\"_ _43\"></span>ions of one year in ea<span class=\"ls1ca ws4ff\">ch<span class=\"_ _43\"></span> case. VERBUND<span class=\"_ _43\"></span> also had a<span class=\"_ _43\"></span>ccess to commit<span class=\"_ _43\"></span>ted </span>lines of credit amounting to \u20ac2,350.0m and un<span class=\"_ _92\"></span>commi<span class=\"ls70 ws1d8\">tted lines of credit amounting to appro<span class=\"_ _92\"></span>x<span class=\"_ _43\"></span>imately </span>\u20ac2,740.0m at the end of 2022. As a<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> 31 <span class=\"_ _14\"></span>December <span class=\"_ _14\"></span>2022, <span class=\"ls7d ws284\">these cr<span class=\"_ _92\"></span>edit lines had been drawn do<span class=\"_ _92\"></span>wn in the<span class=\"_ _43\"></span> </span>amount of \u20ac150.0m and \u20ac500m. In addition, ther<span class=\"_ _92\"></span>e are al<span class=\"ls64 ws655\">so liquidity reserves in <span class=\"ls83 ws477\">the form of securities </span></span>and investment funds<span class=\"_ _92\"></span>.  See section <span class=\"_ _121\"></span>5.1 Accoun<span class=\"_ _92\"></span>ting treatm<span class=\"_ _92\"></span>ent of financial ins<span class=\"_ _92\"></span>truments regar<span class=\"_ _92\"></span>ding contractuall<span class=\"_ _92\"></span>y<span class=\"_ _43\"></span> agreed<span class=\"_ _92\"></span> (undiscounted) cash out<span class=\"_ _43\"></span>flows from financial <span class=\"ls79 ws190\">liabilities in accor<span class=\"_ _92\"></span>dan<span class=\"ls75 ws81\">ce with IFRS 7.<span class=\"_ _333\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "The table belo<span class=\"_ _92\"></span>w contains information r<span class=\"_ _92\"></span>egarding th<span class=\"_ _92\"></span>e de<span class=\"ls74 ws3e3\">fault risk and recognised expected cr<span class=\"_ _92\"></span>edit losses </span>for financial instruments that were <span class=\"ls46 ws26e\">classified as measur<span class=\"_ _92\"></span>ed at amortise<span class=\"lsa3 ws3b5\">d cost, with the exception of tr<span class=\"_ _92\"></span>ade </span></span>receivables and r<span class=\"_ _92\"></span>eceivables from investees, which ar<span class=\"_ _92\"></span>e pr<span class=\"ls46 ws466\">imarily also related to tr<span class=\"_ _92\"></span>ade receivables<span class=\"_ _92\"></span>.<span class=\"_ _43\"></span> For all<span class=\"_ _92\"></span> </span>financial in<span class=\"_ _92\"></span>struments, the val<span class=\"_ _92\"></span>uation allowance was r<span class=\"_ _92\"></span>ecognised in the amoun<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> of the twelve-m<span class=\"_ _92\"></span>onth expected credit <span class=\"_ _92\"></span>loss, because ther<span class=\"_ _92\"></span>e is a low risk of default<span class=\"_ _92\"></span>.  Expected credit losses 2022<span class=\"_ _92\"></span> <span class=\"_ _96\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _59\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1ed\"> </span><span class=\"ff2f ls31\">Equiva- </span>lent Moody\u2019<span class=\"_ _92\"></span>s rating Proba- bility of default Loss ratio <span class=\"_ _5d\"> </span><span class=\"ls1ab ws0\">Gross </span>carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net carrying amount A <span class=\"_ _95\"> </span><span class=\"ls24 ws24\">up to Aa3<span class=\"_ _92\"></span> <span class=\"_ _17\"> </span><span class=\"ls5b ws5c\">0.02 % <span class=\"_ _17\"> </span>0.60 % <span class=\"_ _94\"> </span><span class=\"ls0 ws0\">270.8 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1e8\"> </span>270.8 </span></span></span>B <span class=\"_ _42\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _17\"> </span><span class=\"ls5b ws5c\">0.06 % <span class=\"_ _c\"> </span>0.70 % <span class=\"_ _94\"> </span></span></span>155.5 <span class=\"_ _49\"> </span>0.1 <span class=\"_ _37\"> </span>155.6 C1\u2013C3 up to Baa3 0.10 %\u2013 <span class=\"fs8 ls5b ws5c\">0.25 % <span class=\"_ _17\"> </span>0.80 % <span class=\"_ _1cd\"> </span></span><span class=\"fs8\">0.0 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1c\"> </span>0.0 </span>Loans portion of a net investment<span class=\"_ _333\"> </span>1 <span class=\"_ _ba\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _179\"> </span></span>43.6 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _21\"> </span>43.6 No recognition of expected  credit losses<span class=\"_ _333\"> </span>2 <span class=\"_ _2cc\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _1e6\"> </span></span>1,096.1 To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls31\">  <span class=\"_ _132\"> </span>  <span class=\"_ _117\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _218\"> </span><span class=\"ls18\">1,566.2 </span></span>1 In their econ<span class=\"_ _43\"></span>omic subs<span class=\"_ _43\"></span>tance, n<span class=\"_ _43\"></span>on-current<span class=\"_ _43\"></span> loans repr<span class=\"_ _43\"></span>esent an incr<span class=\"_ _43\"></span>ease in t<span class=\"_ _43\"></span>he net inv<span class=\"_ _43\"></span>estment in A<span class=\"_ _43\"></span>shta Bete<span class=\"_ _43\"></span>iligungsv<span class=\"_ _43\"></span>erwaltung Gm<span class=\"_ _43\"></span>b<span class=\"ls275 wsbbf\">H (see section 4.5 Interests accounte<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>for </span>using the equity method). // 2 Guarantees in energy trading in the amount of \u20ac631.4m<span class=\"_ _92\"></span> are <span class=\"_ _43\"></span>maintained as a special asset pool, whic<span class=\"_ _92\"></span>h <span class=\"_ _43\"></span>is why there is no default<span class=\"ls12b wsabc\"> risk. No expected </span>credit losses<span class=\"_ _43\"></span> are recogn<span class=\"_ _43\"></span>ised for th<span class=\"_ _43\"></span>e other re<span class=\"_ _43\"></span>maining fi<span class=\"_ _43\"></span>nancial inst<span class=\"_ _43\"></span>ruments du<span class=\"_ _43\"></span>e to the low a<span class=\"_ _43\"></span>mount of e<span class=\"_ _43\"></span>xposure t<span class=\"_ _43\"></span>o default r<span class=\"_ _43\"></span>isk, t<span class=\"ls42 ws40\">he short term and/or the bo<span class=\"_ _92\"></span>rrower\u2019s good </span>creditworthiness<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Expected credit losses 2021<span class=\"_ _92\"></span> <span class=\"_ _da\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _aa\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _5b\"> </span>  <span class=\"_ _59\"> </span>  <span class=\"_ _24\"> </span><span class=\"ls31\">\u20acm </span></span>Equiva- lent Moody\u2019<span class=\"_ _92\"></span>s rating Proba- bility of default Loss ratio Gross carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net carrying amount A <span class=\"_ _95\"> </span><span class=\"ls24 ws24\">up to Aa3 <span class=\"_ _c\"> </span><span class=\"ls5b ws5c\">0.02 % <span class=\"_ _c\"> </span>0.60 % <span class=\"_ _94\"> </span></span></span><span class=\"ls0\">247.9 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1e8\"> </span>248.0 </span>B <span class=\"_ _10b\"> </span><span class=\"ls2d ws33\">up to A3 <span class=\"_ _c\"> </span><span class=\"ls5b ws5c\">0.06 % <span class=\"_ _17\"> </span>0.70 % <span class=\"_ _94\"> </span></span></span>155.6 <span class=\"_ _1cd\"> </span>0.1 <span class=\"_ _37\"> </span>155.6 C1\u2013C3 up to Baa3 0.10 %\u2013 <span class=\"fs8 ls5b ws5c\">0.26 % <span class=\"_ _c\"> </span>0.80 % <span class=\"_ _49\"> </span></span><span class=\"fs8\">0.0 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _1c\"> </span>0.0 </span>Loans portion of a net investment<span class=\"_ _333\"> </span>1 <span class=\"_ _ba\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _179\"> </span></span>47.1 <span class=\"_ _49\"> </span>0.0 <span class=\"_ _21\"> </span>47.1 No recognition of expected  credit losses<span class=\"_ _333\"> </span>2 <span class=\"_ _2cc\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _66\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _4b\"> </span>\u2013 <span class=\"_ _1e8\"> </span></span>939.7 To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _2d8\"> </span><span class=\"ls31\">  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _f3\"> </span>  <span class=\"_ _218\"> </span><span class=\"ls18\">1,390.4 </span></span>1 In their econ<span class=\"_ _43\"></span>omic subs<span class=\"_ _43\"></span>tance, n<span class=\"_ _43\"></span>on-current<span class=\"_ _43\"></span> loans repr<span class=\"_ _43\"></span>esent an incr<span class=\"_ _43\"></span>ease in t<span class=\"_ _43\"></span>he net inv<span class=\"_ _43\"></span>estment in A<span class=\"_ _43\"></span>shta Bete<span class=\"_ _43\"></span>iligungsv<span class=\"_ _43\"></span>erwaltung Gm<span class=\"_ _43\"></span>b<span class=\"ls275 wsbbf\">H (see section 4.5 Interests accounte<span class=\"_ _92\"></span>d <span class=\"_ _43\"></span>for </span>using the equity method). // 2 Guarantees in energy trading in the amount of \u20ac597.2m<span class=\"_ _92\"></span> are <span class=\"_ _43\"></span>maintained as a special asset pool, whic<span class=\"_ _92\"></span>h <span class=\"_ _43\"></span>is why there is no default<span class=\"ls12b wsabc\"> risk. No expected </span>credit losses<span class=\"_ _43\"></span> are recogn<span class=\"_ _43\"></span>ised for th<span class=\"_ _43\"></span>e other re<span class=\"_ _43\"></span>maining fi<span class=\"_ _43\"></span>nancial inst<span class=\"_ _43\"></span>ruments du<span class=\"_ _43\"></span>e to the low a<span class=\"_ _43\"></span>mount of e<span class=\"_ _43\"></span>xposure t<span class=\"_ _43\"></span>o default r<span class=\"_ _43\"></span>isk, t<span class=\"ls42 ws40\">he short term and/or the bo<span class=\"_ _92\"></span>rrower\u2019s good </span>creditworthiness. For<span class=\"_ _92\"></span> trade receivables and r<span class=\"_ _92\"></span>eceivables from in<span class=\"_ _92\"></span>vestees that are p<span class=\"_ _92\"></span>rimarily related to tr<span class=\"_ _92\"></span>ade receivables, th<span class=\"_ _92\"></span>e credit los<span class=\"_ _92\"></span>ses expected over the term ar<span class=\"_ _92\"></span>e measured using a v<span class=\"_ _92\"></span>aluation allowan<span class=\"_ _92\"></span>ce matrix<span class=\"_ _43\"></span>:  Expected credit losses 2022<span class=\"_ _92\"></span> <span class=\"_ _1eb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1b2\"> </span><span class=\"ff2f ls1e wsb20\">Loss ratio <span class=\"_ _157\"> </span><span class=\"ls1ab wsb39\">Gross  </span></span>carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net  carrying amount Not past due <span class=\"_ _178\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _3\"> </span><span class=\"ls0 ws0\">978.6 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _127\"> </span>978.6 </span></span>1\u2013<span class=\"fsa\"> </span><span class=\"ls30 ws2d\">30 days past d<span class=\"_ _92\"></span>ue <span class=\"_ _f8\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">23.9 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _de\"> </span>23.9 </span></span></span>31\u2013<span class=\"fsa\"> </span><span class=\"ls5d ws5e\">120 days past due <span class=\"_ _156\"> </span></span>10\u2013<span class=\"fsa\"> </span><span class=\"ls9c ws190\">50 % <span class=\"_ _9c\"> </span></span>21.9 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _de\"> </span>21.6 &gt; 120 days past due <span class=\"_ _186\"> </span><span class=\"ls9c ws190\">90 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">12.0 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>9.9 <span class=\"_ _61\"> </span>2.1 </span></span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _e6\"> </span><span class=\"ls31\">  <span class=\"_ _66\"> </span><span class=\"ls18\">1,036.4 <span class=\"_ _51\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>10.1 <span class=\"_ _a5\"> </span>1,026.2 </span></span>Expected credit losses 2021<span class=\"_ _92\"></span> <span class=\"_ _1eb\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _96\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _1b2\"> </span><span class=\"ff2f ls1e wsb20\">Loss ratio <span class=\"_ _157\"> </span><span class=\"ls1ab wsb39\">Gross  </span></span>carrying amount V<span class=\"_ _92\"></span>aluation allow<span class=\"_ _92\"></span>ance Net  carrying amount Not past due <span class=\"_ _178\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _3\"> </span><span class=\"ls0 ws0\">837.7 <span class=\"_ _16c\"> </span>0.0 <span class=\"_ _127\"> </span>837.7 </span></span>1\u2013<span class=\"fsa\"> </span><span class=\"ls30 ws2d\">30 days past d<span class=\"_ _92\"></span>ue <span class=\"_ _f8\"> </span><span class=\"ls48 ws4b\">0 % <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">4.2 <span class=\"_ _60\"> </span>0.0 <span class=\"_ _61\"> </span>4.2 </span></span></span>31\u2013<span class=\"fsa\"> </span><span class=\"ls5d ws5e\">120 days past due <span class=\"_ _156\"> </span></span>10\u2013<span class=\"fsa\"> </span><span class=\"ls9c ws190\">50 % <span class=\"_ _16c\"> </span></span>4.4 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>0.3 <span class=\"_ _61\"> </span>4.1 &gt; 120 days past due <span class=\"_ _186\"> </span><span class=\"ls9c ws190\">90 % <span class=\"_ _9c\"> </span><span class=\"ls0 ws0\">35.7 <span class=\"_ _133\"> </span>\u2013<span class=\"fsa\"> </span>5.8 <span class=\"_ _de\"> </span>29.9 </span></span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>l<span class=\"_ _63\"></span> <span class=\"_ _e6\"> </span><span class=\"ls31\">  <span class=\"_ _125\"> </span><span class=\"ls18\">882.0 <span class=\"_ _1a\"> </span><span class=\"ls0\">\u2013<span class=\"fsa\"> </span></span>6.1 <span class=\"_ _3\"> </span>876.0<span class=\"_ _333\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-49": {
   "value": "12.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span><span class=\"ff2a wsbd9\">Capital management </span></span>The objectives o<span class=\"_ _92\"></span>f VERBUND\u2019<span class=\"_ _92\"></span>s capital m<span class=\"_ _92\"></span>anagement include:<span class=\"ff2a fs10 ls0 ws0\"> </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls26 ws340\">safeguardin<span class=\"_ _92\"></span>g<span class=\"_ _43\"></span> liquidity and ensuring s<span class=\"_ _92\"></span>uitable liquidity reserves<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">optimising the <span class=\"_ _92\"></span>capital structure; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls1b ws2c4\">securing a solid<span class=\"_ _43\"></span>, long-term credit rating. </span></span>As part of its ca<span class=\"_ _92\"></span>pital management, t<span class=\"_ _92\"></span>he Executive Board reg<span class=\"_ _92\"></span>ularly monitors the follo<span class=\"_ _92\"></span>wing key performance indic<span class=\"_ _92\"></span>ators<span class=\"_ _43\"></span>: net debt/EBITDA, free cash fl<span class=\"_ _92\"></span>ow (after dividends) and the R<span class=\"_ _92\"></span>O<span class=\"_ _43\"></span>CE of the unregula<span class=\"_ _92\"></span>ted business activities. The Gr<span class=\"_ _92\"></span>oup strives for a net debt/EB<span class=\"_ _92\"></span>I<span class=\"_ _43\"></span>TDA rati<span class=\"_ _92\"></span>o of &lt; 3.0, a free cash flo<span class=\"_ _92\"></span>w (after dividends) of &gt; \u20ac0.0m and a R<span class=\"_ _92\"></span>O<span class=\"_ _43\"></span>CE of the unregula<span class=\"_ _92\"></span>ted business activities of &gt; 9.0 <span class=\"_ _80\"></span>% in or<span class=\"_ _92\"></span>der to support the ra<span class=\"_ _92\"></span>ting. These target<span class=\"_ _92\"></span>s are based on the existing as<span class=\"_ _92\"></span>set and value chain structur<span class=\"_ _92\"></span>e. Net debt/EBIT<span class=\"_ _92\"></span>DA <span class=\"_ _1c7\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Net debt <span class=\"_ _23e\"> </span><span class=\"fc4 ls0 ws0\">3,510.8 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">3,898.3 </span></span>EBITDA <span class=\"_ _204\"> </span><span class=\"fc4 ls0\">1,579.0 <span class=\"_ _132\"> </span></span><span class=\"ff2f ls18\">3,160.7 </span>Net debt/EBITDA <span class=\"_ _2ed\"> </span><span class=\"fc4 ls18 ws0\">2.2 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">1.2 </span></span>Fr<span class=\"_ _92\"></span>ee cashflow after dividends <span class=\"_ _27c\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>Cash flow from operating <span class=\"_ _92\"></span>activities <span class=\"_ _291\"> </span><span class=\"fc4 ls0 ws0\">98.2 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">2,019.9 </span></span>Cash flow from inv<span class=\"_ _92\"></span>esting activities excluding cash inf<span class=\"_ _92\"></span>lows and outflows from  investments and<span class=\"_ _92\"></span>/or disposals in investments <span class=\"_ _293\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,108.3 <span class=\"_ _68\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,567.8 </span></span></span>Free cash flow before dividends <span class=\"_ _139\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,<span class=\"_ _92\"></span>010.1 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">452.1 </span></span></span>Dividend <span class=\"_ _2c5\"> </span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>319.3 <span class=\"_ _5b\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">477.8 </span></span></span>Free cashflow after dividends <span class=\"_ _215\"> </span><span class=\"fc4 ws0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,<span class=\"_ _92\"></span>329.5 <span class=\"_ _51\"> </span><span class=\"ff2c fc0 ls0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">25.7<span class=\"_ _92\"></span> </span></span></span></span>Return on capital emplo<span class=\"_ _92\"></span>yed (ROCE) of non-r<span class=\"_ _92\"></span>egulated business segments<span class=\"_ _92\"></span> <span class=\"_ _20b\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span>  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span>NOP<span class=\"_ _92\"></span>A<span class=\"_ _14\"></span>T <span class=\"_ _28d\"> </span><span class=\"fc4\">870.0 <span class=\"_ _132\"> </span></span><span class=\"ff2f ls18\">1,891.0 </span>Av<span class=\"_ _92\"></span>erage capital employ<span class=\"_ _92\"></span>ed <span class=\"_ _e9\"> </span><span class=\"fc4 ls0 ws0\">7,624.1 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">8,930.5 </span></span>Return on capital employed (ROCE) <span class=\"ls62 ws90e\">of non-regulated business segments <span class=\"_ _9c\"> </span><span class=\"fc4 ls18 ws6d6\">11.4 % <span class=\"_ _f3\"> </span><span class=\"ff2c fc0\">21.2 % </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls1b7 ws0 gs12b0\">13.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"lsef\">Other </span></div><div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls262 ws0 gs12b1\">13.1<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls1b7 ws92a\">Other obligations and/or <span class=\"ls172 wsa7e\">entitlements and risks<span class=\"_ _333\"> </span></span></span><span class=\"ls1b7 ws92a\"><span class=\"ls172 wsa7e\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws4f5 gs12b3\">Contingen<span class=\"_ _92\"></span>t liabilities not recogn<span class=\"_ _92\"></span>ised in VERBUND\u2019<span class=\"_ _14\"></span>s balance sheet are as<span class=\"_ _92\"></span>sessed quarterly with respect to<span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws9d8 gs12b4\">their prob<span class=\"_ _92\"></span>ability of occurrence<span class=\"_ _92\"></span>. The assessmen<span class=\"_ _92\"></span>t is carried out by the m<span class=\"_ _92\"></span>anagers r<span class=\"_ _0\"></span>esponsible<span class=\"_ _92\"></span>, taking </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws45 gs12b5\">account of m<span class=\"_ _92\"></span>arket-related inp<span class=\"_ _92\"></span>uts (to the extent pos<span class=\"_ _92\"></span>sible) and expert opinions (in individual cases).<span class=\"_ _333\"> </span></div>Pending court p<span class=\"_ _92\"></span>roceedings relat<span class=\"_ _92\"></span>e mainly to the following m<span class=\"_ _92\"></span>atters<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ws3fd\">Flooding of the Drau River in 2012: Claims for da<span class=\"ls7a ws75a\">mages under civil la<span class=\"_ _92\"></span>w amount to \u20ac108.7m (previous </span></span></span>year<span class=\"_ _43\"></span>: \u20ac109.3m). VERBUND is contesti<span class=\"ls63 ws551\">ng both the amounts and merits of these claims<span class=\"_ _92\"></span>. No disclosures </span>hav<span class=\"_ _92\"></span>e been provided in r<span class=\"_ _92\"></span>espect of any contingen<span class=\"_ _92\"></span>t liab<span class=\"ls79 ws200\">ilities or provisions th<span class=\"_ _92\"></span>at may arise in relation to </span>these claims for dam<span class=\"_ _92\"></span>ages because it is likely<span class=\"_ _92\"></span> that such note disclo<span class=\"_ _92\"></span>sures would seriously pr<span class=\"_ _92\"></span>ejudice VERBUND\u2019<span class=\"_ _14\"></span>s position in the pr<span class=\"_ _92\"></span>oceedings. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls63 ws811\">Arbitration pr<span class=\"_ _92\"></span>oceedings GC<span class=\"_ _43\"></span>A: In J<span class=\"_ _92\"></span>anuar<span class=\"_ _43\"></span>y 2020, GCA was informed of the initiation of arbitration<span class=\"_ _92\"></span> </span></span>proceedings b<span class=\"_ _92\"></span>y a transportation cus<span class=\"_ _92\"></span>tomer under Article 4 of th<span class=\"_ _92\"></span>e Internation<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l Chamber of Com<span class=\"_ _92\"></span>merce (ICC) Rules of Arbitr<span class=\"_ _92\"></span>ation. The subject of the pr<span class=\"_ _92\"></span>oceedings is contracts for the pr<span class=\"_ _92\"></span>ovision of capacities for the transportation of natur<span class=\"_ _0\"></span>al gas. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e amount <span class=\"ls19 ws9c3\">in dispute is appro<span class=\"_ _92\"></span>x<span class=\"_ _43\"></span>imately \u20ac194.0m (previous year: </span>approximately \u20ac194.0m). <span class=\"_ _92\"></span>No disclosure<span class=\"ls80 ws4f8\">s have <span class=\"_ _92\"></span>been provided in respect <span class=\"ls79\">of any contingent liabilities or </span></span>pro<span class=\"_ _92\"></span>visions that ma<span class=\"_ _92\"></span>y arise in relation to these c<span class=\"_ _92\"></span>laims for damages because i<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> is likely <span class=\"_ _92\"></span>that such note disclosures wou<span class=\"_ _92\"></span>ld seriously prejudice <span class=\"ls67 ws66\">GCA<span class=\"_ _14\"></span>\u2019<span class=\"_ _14\"></span>s position in these pr<span class=\"_ _92\"></span>oceedings.  </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls95 ws876\">Amortisation of goodwill fo<span class=\"_ _92\"></span>r the equity interest in VERB<span class=\"_ _92\"></span>UND Innkraftwerke <span class=\"_ _92\"></span>GmbH claimed for tax </span></span>purposes for the years 2014\u2013 <span class=\"fs2 ls79 ws127\">2023: the appeal against the <span class=\"_ _92\"></span>notice of assessment remains pending. <span class=\"_ _88\"></span> </span>The tax benefit for these y<span class=\"_ _92\"></span>ears (reduction of tax paymen<span class=\"_ _92\"></span>ts in the amount of<span class=\"_ _92\"></span> \u20ac7.9m per year) is recognised in accordance with <span class=\"ls87 wsbdb\">VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s accounting policies <span class=\"ls63 ws208\">if it is reas<span class=\"ls28 ws2ae\">onably likely.<span class=\"_ _333\"> </span></span></span></span><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsc7 ws334 gs12c9\">Contingent<span class=\"_ _92\"></span>  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lscf ws0 gs12ca\">liabilities<span class=\"_ _333\"> </span> </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls11a ws4b3 gs12cc\">Court pro<span class=\"_ _92\"></span>ceedings </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls1d9 ws0 gs12cd\">pending </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "13.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"lsef\">Other </span>13.1<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls1b7 ws92a\">Other obligations and/or <span class=\"ls172 wsa7e\">entitlements and risks<span class=\"_ _333\"> </span></span></span>Contingen<span class=\"_ _92\"></span>t liabilities not recogn<span class=\"_ _92\"></span>ised in VERBUND\u2019<span class=\"_ _14\"></span>s balance sheet are as<span class=\"_ _92\"></span>sessed quarterly with respect to<span class=\"_ _92\"></span> their prob<span class=\"_ _92\"></span>ability of occurrence<span class=\"_ _92\"></span>. The assessmen<span class=\"_ _92\"></span>t is carried out by the m<span class=\"_ _92\"></span>anagers r<span class=\"_ _0\"></span>esponsible<span class=\"_ _92\"></span>, taking account of m<span class=\"_ _92\"></span>arket-related inp<span class=\"_ _92\"></span>uts (to the extent pos<span class=\"_ _92\"></span>sible) and expert opinions (in individual cases).<span class=\"_ _333\"> </span>Pending court p<span class=\"_ _92\"></span>roceedings relat<span class=\"_ _92\"></span>e mainly to the following m<span class=\"_ _92\"></span>atters<span class=\"_ _43\"></span>: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ws3fd\">Flooding of the Drau River in 2012: Claims for da<span class=\"ls7a ws75a\">mages under civil la<span class=\"_ _92\"></span>w amount to \u20ac108.7m (previous </span></span></span>year<span class=\"_ _43\"></span>: \u20ac109.3m). VERBUND is contesti<span class=\"ls63 ws551\">ng both the amounts and merits of these claims<span class=\"_ _92\"></span>. No disclosures </span>hav<span class=\"_ _92\"></span>e been provided in r<span class=\"_ _92\"></span>espect of any contingen<span class=\"_ _92\"></span>t liab<span class=\"ls79 ws200\">ilities or provisions th<span class=\"_ _92\"></span>at may arise in relation to </span>these claims for dam<span class=\"_ _92\"></span>ages because it is likely<span class=\"_ _92\"></span> that such note disclo<span class=\"_ _92\"></span>sures would seriously pr<span class=\"_ _92\"></span>ejudice VERBUND\u2019<span class=\"_ _14\"></span>s position in the pr<span class=\"_ _92\"></span>oceedings. \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls63 ws811\">Arbitration pr<span class=\"_ _92\"></span>oceedings GC<span class=\"_ _43\"></span>A: In J<span class=\"_ _92\"></span>anuar<span class=\"_ _43\"></span>y 2020, GCA was informed of the initiation of arbitration<span class=\"_ _92\"></span> </span></span>proceedings b<span class=\"_ _92\"></span>y a transportation cus<span class=\"_ _92\"></span>tomer under Article 4 of th<span class=\"_ _92\"></span>e Internation<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l Chamber of Com<span class=\"_ _92\"></span>merce (ICC) Rules of Arbitr<span class=\"_ _92\"></span>ation. The subject of the pr<span class=\"_ _92\"></span>oceedings is contracts for the pr<span class=\"_ _92\"></span>ovision of capacities for the transportation of natur<span class=\"_ _0\"></span>al gas. T<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e amount <span class=\"ls19 ws9c3\">in dispute is appro<span class=\"_ _92\"></span>x<span class=\"_ _43\"></span>imately \u20ac194.0m (previous year: </span>approximately \u20ac194.0m). <span class=\"_ _92\"></span>No disclosure<span class=\"ls80 ws4f8\">s have <span class=\"_ _92\"></span>been provided in respect <span class=\"ls79\">of any contingent liabilities or </span></span>pro<span class=\"_ _92\"></span>visions that ma<span class=\"_ _92\"></span>y arise in relation to these c<span class=\"_ _92\"></span>laims for damages because i<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span> is likely <span class=\"_ _92\"></span>that such note disclosures wou<span class=\"_ _92\"></span>ld seriously prejudice <span class=\"ls67 ws66\">GCA<span class=\"_ _14\"></span>\u2019<span class=\"_ _14\"></span>s position in these pr<span class=\"_ _92\"></span>oceedings.  </span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls95 ws876\">Amortisation of goodwill fo<span class=\"_ _92\"></span>r the equity interest in VERB<span class=\"_ _92\"></span>UND Innkraftwerke <span class=\"_ _92\"></span>GmbH claimed for tax </span></span>purposes for the years 2014\u2013 <span class=\"fs2 ls79 ws127\">2023: the appeal against the <span class=\"_ _92\"></span>notice of assessment remains pending. <span class=\"_ _88\"></span> </span>The tax benefit for these y<span class=\"_ _92\"></span>ears (reduction of tax paymen<span class=\"_ _92\"></span>ts in the amount of<span class=\"_ _92\"></span> \u20ac7.9m per year) is recognised in accordance with <span class=\"ls87 wsbdb\">VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s accounting policies <span class=\"ls63 ws208\">if it is reas<span class=\"ls28 ws2ae\">onably likely.<span class=\"_ _333\"> </span></span></span></span>Contingent<span class=\"_ _92\"></span>  liabilities<span class=\"_ _333\"> </span>Court pro<span class=\"_ _92\"></span>ceedings pending ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "Contingent<span class=\"_ _92\"></span>  liabilities<span class=\"_ _333\"> </span> Contingen<span class=\"_ _92\"></span>t liabilities not recogn<span class=\"_ _92\"></span>ised in VERBUND\u2019<span class=\"_ _14\"></span>s balance sheet are as<span class=\"_ _92\"></span>sessed quarterly with respect to<span class=\"_ _92\"></span> their prob<span class=\"_ _92\"></span>ability of occurrence<span class=\"_ _92\"></span>. The assessmen<span class=\"_ _92\"></span>t is carried out by the m<span class=\"_ _92\"></span>anagers r<span class=\"_ _0\"></span>esponsible<span class=\"_ _92\"></span>, taking account of m<span class=\"_ _92\"></span>arket-related inp<span class=\"_ _92\"></span>uts (to the extent pos<span class=\"_ _92\"></span>sible) and expert opinions (in individual cases).<span class=\"_ _333\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls262 ws0 gs12cf\">13.2<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls1d3 ws9f5\">Other disclosures<span class=\"_ _333\"> </span></span><span class=\"ls1d3 ws9f5\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls17b ws94d gs12e8\">Expenses for </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls9e ws370 gs12e9\">services  </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls13b wsb1e gs12ea\">pro<span class=\"_ _92\"></span>v<span class=\"_ _43\"></span>ided by the </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls0 ws734 gs12eb\">Group auditor <span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws6ad gs12d1\">The expenses f<span class=\"_ _92\"></span>or ser<span class=\"_ _43\"></span>vices provided b<span class=\"_ _92\"></span>y the Group audito<span class=\"_ _92\"></span>r refer to VERBUND\u2019<span class=\"_ _14\"></span>s subsidiaries that ar<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws21f gs12d2\">audited by the Group auditor/the Group auditor\u2019<span class=\"_ _14\"></span>s <span class=\"ls78 ws184\">network. VERBUND\u2019<span class=\"_ _14\"></span>s Gro<span class=\"_ _92\"></span>up auditor in both 2022 and </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws21e gs12d3\">2021 was Deloitte Audit Wirtschaftspr\u00fcfungs <span class=\"_ _92\"></span>GmbH.  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls94 ws464 gs12d4\">Expenses for services pr<span class=\"_ _92\"></span>ovided by the Group auditor <span class=\"_ _2ef\"> </span><span class=\"ff2a fs7 ls20 ws0\">\u20ack </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs12d5\">  <span class=\"_ _2f0\"> </span><span class=\"fc4 ls1d\">Deloitte<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h5c ff2f fs9 fc4 sc0 ls0 ws0 gs12d6\">1</div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gs12d7\"> <span class=\"_ _23\"> </span><span class=\"ff2c fc0 ls25\">Deloitte</span></div><div class=\"t m0 h5e ff2c fs9 fc0 sc0 ls0 ws0 gs12d8\">1</div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs12d9\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _45\"> </span><span class=\"fc0\">2022 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws25a gs12da\">Audit services relating to consolida<span class=\"_ _92\"></span>ted </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs12db\">and separate fina<span class=\"_ _92\"></span>ncial statements <span class=\"_ _1c8\"> </span><span class=\"fc4 ls0 ws0\">413.4 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">580.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws31d gs12dc\">Other assurance services <span class=\"_ _f9\"> </span><span class=\"fc4 ls0 ws0\">285.9 <span class=\"_ _16a\"> </span><span class=\"ff2f fc0 ls18\">207.8 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws792 gs12dd\">Other advisory services <span class=\"_ _1f1\"> </span><span class=\"fc4 ls0 ws0\">44.0 <span class=\"_ _ac\"> </span><span class=\"ff2f fc0 ls29\">30.6 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls34 ws772 gs12de\">T<span class=\"_ _14\"></span>otal expenses <span class=\"_ _284\"> </span><span class=\"fc4 ls31 ws0\">743.3 <span class=\"_ _157\"> </span><span class=\"ff2c fc0 ls18\">818.7 </span></span></div><div class=\"t m0 h11 ff2a fsb fc0 sc0 ls0 ws0 gs12df\">1</div><div class=\"t m0 h12 ff2a fsc fc0 sc0 ls27b wsbdd gs12e0\"> Deloitte Audit Wirtschaftspr\u00fcfungs GmbH </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws723 gs12e1\">Additional fees wer<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> incurred th<span class=\"ls82\">r<span class=\"_ _92\"></span>ough the Deloitte network in the <span class=\"ls0 ws5d2\">amount of \u20ac370.3k (previo<span class=\"_ _92\"></span>us year<span class=\"_ _43\"></span>: </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 wsde gs12e2\">\u20ac185.6k) for audit services relating to the cons<span class=\"ls19 ws20e\">olidated and separate financial statements<span class=\"_ _92\"></span>. </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws330 gs12e3\">The followin<span class=\"_ _92\"></span>g <span class=\"_ _43\"></span>expenses for services by the Gr<span class=\"_ _92\"></span>oup auditor (via the Gro<span class=\"_ _92\"></span>up auditor\u2019<span class=\"_ _14\"></span>s <span class=\"_ _43\"></span>network) wer<span class=\"_ _92\"></span>e </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls95 wsf0 gs12e4\">incurred by VERB<span class=\"_ _92\"></span>UND<span class=\"_ _43\"></span>\u2019<span class=\"_ _14\"></span>s joint ventures: \u20ac22.6k (previou<span class=\"ls71 ws134\">s year: \u20ac27.2k) for audit ser<span class=\"_ _43\"></span>vices relating to the </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 ws72f gs12e5\">consolidated and separa<span class=\"_ _92\"></span>te financial statements (<span class=\"_ _92\"></span>of which to Deloit<span class=\"_ _92\"></span>te Audit Wirtschaftspr\u00fcfungs Gm<span class=\"_ _92\"></span>bH: </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls79 ws190 gs12e6\">\u20ac22.6k<span class=\"_ _43\"></span>; previous year<span class=\"_ _43\"></span>: \u20ac27.2k).  </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-50": {
   "value": "13.2<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls1d3 ws9f5\">Other disclosures<span class=\"_ _333\"> </span></span>Av<span class=\"_ _92\"></span>erage number of employees <span class=\"_ _2ee\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _16a\"> </span>  <span class=\"_ _97\"> </span>  </span>  <span class=\"_ _df\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _3\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _92\"></span> <span class=\"_ _4a\"> </span><span class=\"ff2f ls0\">Change </span></span></span>Salaried employ<span class=\"_ _92\"></span>ees <span class=\"_ _2c7\"> </span><span class=\"fc4 ls0 ws0\">3,018 <span class=\"_ _53\"> </span><span class=\"ff2f fc0 ls31\">3,342 <span class=\"_ _130\"> </span></span><span class=\"fc0\">324 </span></span>Apprentices <span class=\"_ _c2\"> </span><span class=\"fc4 ls0\">166 <span class=\"_ _55\"> </span></span><span class=\"ff2f ls17\">174 <span class=\"_ _65\"> </span></span><span class=\"ls0\">8 </span>Av<span class=\"_ _92\"></span>erage number <span class=\"_ _43\"></span>of employees<span class=\"_ _333\"> </span>1 <span class=\"_ _3e\"> </span><span class=\"fc4 ls18\">3,<span class=\"_ _92\"></span>184 <span class=\"_ _50\"> </span><span class=\"ff2c fc0\">3,516 <span class=\"_ _54\"> </span><span class=\"ff2f ls31\">332 </span></span></span>1 Part-time empl<span class=\"_ _43\"></span>oyees were taken<span class=\"_ _43\"></span> into account<span class=\"_ _43\"></span> proportionately bas<span class=\"_ _43\"></span>ed on their<span class=\"_ _43\"></span> working hours<span class=\"_ _43\"></span>. As at the r<span class=\"_ _92\"></span>eporting date, ei<span class=\"_ _92\"></span>ght (previous y<span class=\"_ _92\"></span>ear<span class=\"_ _43\"></span>:<span class=\"_ _43\"></span> nine) empl<span class=\"_ _92\"></span>oyees had a letter of<span class=\"_ _92\"></span> loyalty gran<span class=\"_ _92\"></span>ting them a higher degr<span class=\"_ _92\"></span>ee of employment p<span class=\"_ _92\"></span>rotection. The pr<span class=\"_ _92\"></span>erequisite was at le<span class=\"_ _92\"></span>ast 20 <span class=\"_ _92\"></span>years of service at VERBUND and a minimum age of 45.  In the 2022 r<span class=\"_ _92\"></span>eporting period ther<span class=\"ls80 wsbdc\">e was a total a<span class=\"_ _92\"></span>verage of 12 secondments (previous year: 11) to </span>unconsolidated su<span class=\"_ _92\"></span>bsidiaries of<span class=\"_ _43\"></span> VERBUND<span class=\"_ _92\"></span>. In addition, an avera<span class=\"_ _92\"></span>ge of one employee was secon<span class=\"_ _92\"></span>ded to P\u00d6YRY<span class=\"_ _92\"></span> Energy GmbH (previou<span class=\"_ _92\"></span>s year<span class=\"_ _43\"></span>: one).  A<span class=\"_ _92\"></span>verage n<span class=\"_ _43\"></span>umber of employ<span class=\"_ _92\"></span>ees<span class=\"_ _333\"> </span>Provision of personnel<span class=\"_ _92\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls262 ws0 gs12ed\">13.3<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"lsc6 wsbde\">T<span class=\"_ _80\"></span>ransactions with related parties</span><span class=\"lsc6 wsbde\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws1ee gs12f9\">Ma<span class=\"_ _92\"></span>terial transactions with joint ven<span class=\"_ _92\"></span>tures accoun<span class=\"_ _92\"></span>ted for using the equity meth<span class=\"_ _92\"></span>od had the following effect </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 wsc9 gs12fa\">on VERBUND\u2019<span class=\"_ _14\"></span>s income stat<span class=\"_ _92\"></span>ement and balance sheet<span class=\"_ _43\"></span>:  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls58 ws59 gs12fb\">T<span class=\"_ _14\"></span>ransactions with join<span class=\"_ _43\"></span>t ventures <span class=\"_ _5e\"> </span><span class=\"ff2a fs7 ls0 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs12fc\">  <span class=\"_ _221\"> </span><span class=\"ff2f fc4 ls18\">2021 <span class=\"_ _2\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws61b gs12fd\">Income statement <span class=\"_ _2d9\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _97\"> </span><span class=\"ff2c fc0\">  </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs12fe\">Electricity revenue <span class=\"_ _2f1\"> </span><span class=\"fc4 ls0 ws0\">0.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs12ff\">Other revenue <span class=\"_ _2f2\"> </span><span class=\"fc4 ls0 ws0\">0.7 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.4 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1300\">Other operating income <span class=\"_ _153\"> </span><span class=\"fc4 ls0 ws0\">0.2 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs1301\">Expenses for electricity<span class=\"_ _14\"></span>, grid, <span class=\"ls46 ws45\">gas and cer<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ificates purchases <span class=\"_ _be\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>0.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.8 </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws24 gs1302\">Fuel expens<span class=\"_ _92\"></span>es and other usage-/rev<span class=\"_ _92\"></span>enue-dependent expens<span class=\"_ _92\"></span>es <span class=\"_ _11e\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.3 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">3.9 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs1303\">Other operating ex<span class=\"_ _92\"></span>penses <span class=\"_ _229\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1.5 <span class=\"_ _9c\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">0.7 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs1304\">Interest income <span class=\"_ _2f3\"> </span><span class=\"fc4 ls0 ws0\">1.1 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">1.0 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs1305\">Other financial result <span class=\"_ _237\"> </span><span class=\"fc4 ls0 ws0\">1.6 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls58 ws59 gs1306\">T<span class=\"_ _14\"></span>ransactions with join<span class=\"_ _43\"></span>t ventures <span class=\"_ _5e\"> </span><span class=\"ff2f fs7 ls0 ws0\">  <span class=\"_ _154\"> </span><span class=\"ff2a ls31\">\u20acm </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs1307\">  <span class=\"_ _295\"> </span><span class=\"ff2f fc4 ls159\">31/12<span class=\"_ _43\"></span>/2021 <span class=\"_ _182\"> </span></span><span class=\"ff2c ls1eb\">31/12/2<span class=\"_ _43\"></span>022 </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls36 ws68 gs1308\">Balance sheet <span class=\"_ _2f4\"> </span><span class=\"fc4 ls31 ws0\">  <span class=\"_ _96\"> </span><span class=\"ff2c fc0\">  </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs1309\">Investments and <span class=\"_ _92\"></span>non-curre<span class=\"ls26 ws26\">nt other receivables <span class=\"_ _2f5\"> </span><span class=\"fc4 ls0 ws0\">5.7 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">40.1 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs130a\">T<span class=\"_ _14\"></span>rade receivables, o<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>her receivables and securiti<span class=\"_ _92\"></span>es <span class=\"_ _294\"> </span><span class=\"fc4 ls0 ws0\">41.8 <span class=\"_ _46\"> </span><span class=\"ff2f fc0 ls31\">3.6 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs130b\">Contributions to building costs <span class=\"_ _26c\"> </span><span class=\"fc4 ls0 ws0\">0.9 <span class=\"_ _47\"> </span><span class=\"ff2f fc0 ls18\">0.9 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs130c\">T<span class=\"_ _14\"></span>rade payables an<span class=\"_ _92\"></span>d other liabilities <span class=\"_ _1bb\"> </span><span class=\"fc4 ls0 ws0\">7.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">12.9 </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws184 gs130d\">Investmen<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>s at 31 December 2022 included a non-curren<span class=\"_ _92\"></span>t<span class=\"ls79 ws190\"> loa<span class=\"_ _43\"></span>n to Energji Ashta Shpk in the amount of </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls64 ws679 gs130e\">\u20ac40.1m (previous year: \u20ac5.7m) as well as a current ot<span class=\"ls7a ws414\">her r<span class=\"_ _92\"></span>eceivable in the amount of \u20ac3.5m (previous </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws41c gs130f\">year<span class=\"_ _43\"></span>: \u20ac41.5m). Both mainly served <span class=\"ls80 ws1e4\">the financing of construction ser<span class=\"_ _43\"></span>v<span class=\"lsbc wsbe0\">ices relating to an Albanian </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb4 ws2b6 gs1310\">hydropower plant concession.  </div>Tr<span class=\"_ _81\"></span>a<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span>s<span class=\"_ _109\"> </span>a<span class=\"_ _81\"></span>c<span class=\"_ _109\"> </span>t<span class=\"_ _109\"> </span>i<span class=\"_ _109\"> </span>o<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span>s<span class=\"_ _109\"> </span> w<span class=\"_ _81\"> </span>i<span class=\"_ _109\"> </span>t<span class=\"_ _109\"> </span>h<span class=\"_ _109\"> </span> joint ventures<div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls154 wsbe1 gs1312\">Tr<span class=\"_ _81\"></span>a<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span>s<span class=\"_ _109\"> </span>a<span class=\"_ _81\"></span>c<span class=\"_ _109\"> </span>t<span class=\"_ _109\"> </span>i<span class=\"_ _109\"> </span>o<span class=\"_ _109\"> </span>n<span class=\"_ _109\"> </span>s<span class=\"_ _109\"> </span> w<span class=\"_ _81\"> </span>i<span class=\"_ _109\"> </span>t<span class=\"_ _109\"> </span>h<span class=\"_ _109\"> </span> </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls5f wsa3c gs1313\">associates  </div>Electricity deliveries fro<span class=\"_ _92\"></span>m companies controlled o<span class=\"_ _92\"></span>r <span class=\"ls82 ws68c\">significantly influenced by the R<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>public of Aus<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>ria </span>amounted to a total of \u20ac140.9m (previous year<span class=\"_ _43\"></span>: <span class=\"ls6d ws7f0\">\u20ac80.0m) in the 2022 reporting period. The primary </span>buyers of this <span class=\"_ _92\"></span>electricity were \u00d6BB, OMV<span class=\"_ _87\"></span>, Bundes<span class=\"ls83 ws443\">beschaffung Gm<span class=\"_ _92\"></span>bH and T<span class=\"_ _14\"></span>elekom Austria. El<span class=\"_ _0\"></span>ectricity </span>purchased fr<span class=\"_ _92\"></span>om companies contr<span class=\"_ _92\"></span>olled or significantly in<span class=\"_ _92\"></span>flue<span class=\"_ _43\"></span>nced by the R<span class=\"_ _92\"></span>epublic of Austria amount<span class=\"_ _92\"></span>ed to a total of \u20ac35.5m in the 2022 r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>porting period <span class=\"ls71 ws59b\">(previous year: \u20ac11.5m). The electricity was supplied </span>primarily by \u00d6<span class=\"_ _92\"></span>BB. Gas trading con<span class=\"_ _92\"></span>tracts with OMV an<span class=\"ls80 ws581\">d gas deliveries on the part of OMV resulted in a </span>total expense of \u20ac134.7m in other <span class=\"ls71 wsf8\">revenue and pur<span class=\"_ _92\"></span>chased gas, r<span class=\"_ _92\"></span>esp<span class=\"_ _43\"></span>ectively (previous year: \u20ac69.1m). </span>VERBUND\u2019<span class=\"_ _14\"></span>s expense for monitor<span class=\"_ _43\"></span>ing by E-Contr<span class=\"_ _92\"></span>ol <span class=\"ls0 ws4f6\">amou<span class=\"_ _43\"></span>nted to a total of \u20ac16.0m (previous year: </span>\u20ac14.1m) in the 2022 reporting period<div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 ws759 gs1315\">Detailed disclosur<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s regar<span class=\"_ _92\"></span>ding the boards of V<span class=\"_ _92\"></span>ERBUND A<span class=\"_ _92\"></span>G are present<span class=\"_ _92\"></span>ed in the Corporate Govern<span class=\"_ _92\"></span>ance </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls74 wsa2a gs1316\">Report. The fo<span class=\"_ _92\"></span>llowing disclosures focus on<span class=\"_ _92\"></span> the remunera<span class=\"_ _92\"></span>tion of members of the Executive Boar<span class=\"_ _92\"></span>d and </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa5 ws7ac gs1317\">the Super<span class=\"_ _43\"></span>visor<span class=\"_ _43\"></span>y B<span class=\"_ _43\"></span>oard.  </div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls14f ws45b gs1318\">Current remuneration of the Execut<span class=\"_ _43\"></span>ive Board (incl. variable remuneration<span class=\"_ _43\"></span>) <span class=\"_ _146\"> </span><span class=\"ff2a fs7 ls0 ws0\">\u20ac </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs1319\">  <span class=\"_ _153\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _10\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls17 ws0 gs131a\">  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1c\">Fixed </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls36 ws0 gs131b\">remuneration </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls2b ws0 gs131c\">V<span class=\"_ _92\"></span>ariable </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls36 ws0 gs131d\">remuneration </div><div class=\"t m0 h5d ff2c fs8 fc0 sc0 ls256 ws0 gs131e\">Fixed<span class=\"_ _43\"></span> </div><div class=\"t m0 h5d ff2c fs8 fc0 sc0 ls256 ws0 gs131f\">remu<span class=\"_ _43\"></span>ne<span class=\"_ _43\"></span>rati<span class=\"_ _43\"></span>on<span class=\"_ _333\"> </span></div><div class=\"t m0 h5d ff2c fs8 fc0 sc0 ls2c ws0 gs1320\">V<span class=\"_ _14\"></span>ariable </div><div class=\"t m0 h5d ff2c fs8 fc0 sc0 ls256 ws0 gs1321\">remu<span class=\"_ _43\"></span>ne<span class=\"_ _43\"></span>rati<span class=\"_ _43\"></span>on<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs1322\">Dr<span class=\"_ _14\"></span>. Michael Strugl <span class=\"_ _192\"> </span><span class=\"fc4 ls0 ws0\">750,000 <span class=\"_ _117\"> </span>480,910 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">750,000<span class=\"_ _92\"></span> <span class=\"_ _aa\"> </span>826,750 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs1323\">Dr<span class=\"_ _14\"></span>. Peter F<span class=\"_ _87\"></span>. Kollmann <span class=\"_ _156\"> </span><span class=\"fc4 ls0 ws0\">620,000 <span class=\"_ _aa\"> </span>435,813 <span class=\"_ _a5\"> </span><span class=\"ff2f fc0 ls18\">620,000 <span class=\"_ _117\"> </span>713,000 </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs1324\">Dr<span class=\"_ _14\"></span>. Achim Kaspar <span class=\"_ _1a6\"> </span><span class=\"fc4 ls0 ws0\">475,000 <span class=\"_ _aa\"> </span>332,500 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">475,00<span class=\"_ _92\"></span>0 <span class=\"_ _aa\"> </span>546,250 </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls95 ws298 gs1325\">Remunera<span class=\"_ _92\"></span>tion of the active Executive Board <span class=\"ls64 ws622\">members amoun<span class=\"_ _92\"></span>ted to a total of \u20ac3,969,703<span class=\"ff3a ls0 ws0\"> <span class=\"_ _a6\"> </span></span>in the <span class=\"_ _85\"></span> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 wsbe6 gs1326\">2022 reporting period (previous year: \u20ac3,128,810), including \u20ac38,703 (previous year: \u20ac34,587) in </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 wsbc4 gs1327\">remuneration in kind. The variable salaries<span class=\"_ _43\"></span> comprise per<span class=\"_ _43\"></span>formance-related shor<span class=\"_ _43\"></span>t-term and long<span class=\"_ _43\"></span>-term </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws4b4 gs1328\">remuner<span class=\"_ _92\"></span>ation components. Active members of the <span class=\"ls63 wsbe7\">Executive Boar<span class=\"_ _92\"></span>d received \u20ac1,107,000 in short-term </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 wsbe8 gs1329\">variable remuner<span class=\"_ _92\"></span>ation (previous year<span class=\"_ _43\"></span>: \u20ac1,249,<span class=\"lsab ws549\">223) and \u20ac979,000 in long-term (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: \u20ac0) </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6d ws186 gs132a\">variable rem<span class=\"_ _92\"></span>uneration in the 2022 reporting period. <span class=\"_ _92\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 ws288 gs132b\">Furthermor<span class=\"_ _92\"></span>e, \u20ac412,500 in long-term va<span class=\"lsbc wsbe9\">riable remuneration (L<span class=\"_ _14\"></span>TI Plan 2020) was paid<span class=\"_ _92\"></span> out in 2022 for a </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws447 gs132c\">retir<span class=\"_ _92\"></span>ed member of the E<span class=\"_ _43\"></span>xecutive Board (pr<span class=\"_ _92\"></span>evious yea<span class=\"ls79 ws465\">r<span class=\"_ _63\"></span>: L<span class=\"_ _14\"></span>TI Plan 2019: \u20ac412,500). This relates to claims </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gs132d\">for active service on the Executive Boar<span class=\"_ _92\"></span>d.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 ws873 gs132e\">Because it is onl<span class=\"_ _92\"></span>y possible at the end of the ye<span class=\"_ _92\"></span>ar <span class=\"ls88 ws14d\">to ascertain whether targets ha<span class=\"_ _92\"></span>ve been achieved, </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb6 wsbea gs132f\">short-term varia<span class=\"_ _92\"></span>ble remuner<span class=\"_ _92\"></span>ation componen<span class=\"_ _92\"></span>ts are paid out in the follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing year<span class=\"_ _14\"></span>. Ther<span class=\"_ _92\"></span>efore<span class=\"_ _92\"></span>, the total </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6f ws14b gs1330\">amount incl<span class=\"_ _92\"></span>udes the short-term variable r<span class=\"_ _92\"></span>emuneration<span class=\"_ _92\"></span> components grant<span class=\"_ _92\"></span>ed to the active member<span class=\"_ _92\"></span>s of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws185 gs1331\">the Executive Board in the 2022 r<span class=\"_ _92\"></span>ep<span class=\"_ _43\"></span>ortin<span class=\"ls6d ws186\">g period for the 2021 reporting period.<span class=\"ff3a fc9 ls0 ws0\"> <span class=\"ff28 fc0\"> </span></span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 ws881 gs1332\">The system of variable remuner<span class=\"_ _92\"></span>ation was revise<span class=\"ls6d ws9ef\">d beginning with the 2019 <span class=\"ls64 ws55d\">r<span class=\"_ _92\"></span>eporting period and a </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 ws577 gs1333\">generally<span class=\"_ _92\"></span> three-year Long T<span class=\"_ _80\"></span>erm Incentive Pr<span class=\"_ _92\"></span>ogramme (L<span class=\"_ _14\"></span>TIP) was a<span class=\"_ _92\"></span>greed in addition to<span class=\"_ _92\"></span> the short-term </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb1 ws1b8 gs1334\">targets (<span class=\"_ _92\"></span>one-year goals). F<span class=\"_ _92\"></span>or the one-ye<span class=\"_ _92\"></span>ar goals, the per<span class=\"_ _92\"></span>centage rat<span class=\"_ _92\"></span>e for total achievement o<span class=\"_ _92\"></span>f the targets </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsbc wsbeb gs1335\">beginning in financial year 2021 is <span class=\"ls71 ws661\">a standard 60 <span class=\"_ _88\"></span>% of the relevan<span class=\"_ _92\"></span>t<span class=\"ls70 wsa4c\"> fixed remuneration. In<span class=\"_ _92\"></span> the 2021 </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls81 wsbec gs1336\">reporting <span class=\"_ _92\"></span>period, 70 % of t<span class=\"_ _92\"></span>he agreement on<span class=\"_ _92\"></span> targets is based on the achiev<span class=\"_ _92\"></span>ement of the Gr<span class=\"_ _92\"></span>oup result and </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls69 wsbed gs1337\">30 <span class=\"_ _14\"></span>% on non-fi<span class=\"_ _43\"></span>nancial goals (one-year): expansion of renewable generation (20 <span class=\"_ _92\"></span>%) and conclusion <span class=\"_ _43\"></span>of a </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws1ec gs1338\">culture a<span class=\"_ _92\"></span>udit (10 <span class=\"_ _14\"></span>%). In<span class=\"_ _0\"></span> the 2022 r<span class=\"_ _92\"></span>eporting period, 70 <span class=\"_ _14\"></span>% of t<span class=\"_ _92\"></span>he agreement on<span class=\"_ _92\"></span> targets was based on the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls97 wsbee gs1339\">achievement of the Group result and 30 <span class=\"_ _80\"></span>% on non-financial goals (one-year): expansion of renewable<span class=\"_ _333\"> </span></div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls14c ws770 gs133b\">T<span class=\"_ _80\"></span>ransactions with the </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsa9 ws5c5 gs133c\">Republic of Austria </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls94 wsb8 gs133d\">and companies </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 lsb0 ws22e gs133e\">under its controlling </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls127 ws0 gs133f\">influence </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls9e ws0 gs1341\">Disclosures </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls16e ws6e3 gs1342\">regarding the </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls13f ws386 gs1343\">gov<span class=\"_ _92\"></span>erning bodies of </div><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls11a ws4b3 gs1344\">the Gr<span class=\"_ _92\"></span>oup </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws21e gs1346\">generation (10 %), pr<span class=\"_ _92\"></span>oportion of women among newly <span class=\"ls78 ws184\">hired employees (10 %) and 100 % of in<span class=\"_ _92\"></span>vestments </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs1347\">based on ESG criteria (10 %).  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls64 ws4b0 gs1348\">With r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>spect to the long-term <span class=\"ls71 ws81e\">incentive plans (L<span class=\"_ _14\"></span>TIP) for 2019\u2013</span></div><div class=\"t m0 h7 ff28 fs9 fc0 sc0 ls0 ws0 gs1349\"> <span class=\"fs2 ls79 ws2ba\">2021 and 2020\u2013</span> <span class=\"fs2 ls7d ws425\">2022, a maximum of </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls46 ws6d0 gs134a\">55 <span class=\"_ _80\"></span>% of the res<span class=\"_ _92\"></span>pective fixed salaries (maximum <span class=\"ls7d ws3ba\">target achievement 100 <span class=\"_ _87\"></span>%, variable component 55 <span class=\"_ _87\"></span>%) </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls38 ws138 gs134b\">can be paid out in the form of long<span class=\"_ _43\"></span>-term remuneration based on medium-te<span class=\"_ _43\"></span>rm perfor<span class=\"_ _43\"></span>mance criter<span class=\"_ _43\"></span>ia. <span class=\"_ _14\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7e ws8c9 gs134c\">The concrete amount depends not only on t<span class=\"_ _43\"></span>he achievement of the object<span class=\"_ _43\"></span>ives, but also on VERBUND\u2019<span class=\"_ _14\"></span>s </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsb6 ws8fe gs134d\">shar<span class=\"_ _92\"></span>e price performance. The dura<span class=\"_ _92\"></span>tion of the L<span class=\"_ _14\"></span>TIP is three ye<span class=\"_ _92\"></span>ars. In the beginn<span class=\"_ _92\"></span>ing, the maximum v<span class=\"_ _92\"></span>alue </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws4d0 gs134e\">is depicted as the curren<span class=\"_ _92\"></span>t price in phantom shares; the undiscount<span class=\"_ _92\"></span>ed amount is paid out in arrears<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsa3 ws2c2 gs134f\">depending on the ac<span class=\"_ _92\"></span>hievement of the tar<span class=\"_ _92\"></span>gets and the share price at t<span class=\"_ _92\"></span>he end of the three-ye<span class=\"_ _92\"></span>ar assessment </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws26 gs1350\">period (aver<span class=\"_ _92\"></span>age daily price of the VERBUND <span class=\"_ _92\"></span>share for the first quart<span class=\"_ _92\"></span>er following the end of the pl<span class=\"_ _92\"></span>an).  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls26 wsbc2 gs1351\">The following performance criter<span class=\"ls7d ws514\">ia wer<span class=\"_ _92\"></span>e defined for L<span class=\"_ _14\"></span>TIP 2019<span class=\"fc9 ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls76 ws7e\">(assessment period endin<span class=\"_ _92\"></span>g 2021): total </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls83 wse3 gs1352\">shareho<span class=\"_ _92\"></span>lder return (25 <span class=\"_ _14\"></span>%), EB<span class=\"_ _92\"></span>ITDA from gr<span class=\"_ _92\"></span>owth projects (25 <span class=\"_ _14\"></span>%), fr<span class=\"_ _92\"></span>ee cash flow (FCF) befor<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> dividends </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls95 ws441 gs1353\">(25 %), pr<span class=\"_ _92\"></span>oductivity increase (25 <span class=\"_ _92\"></span>%); for L<span class=\"_ _14\"></span>TIP 2020 (a<span class=\"ls87 ws27b\">ssessment period ending <span class=\"ls71 ws84\">2022), application of total </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 ws48f gs1354\">shareholder r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>turn (30 <span class=\"_ _80\"></span>%), FCF before dividends (<span class=\"ls19 ws4b1\">35 <span class=\"_ _87\"></span>%) and net debt/EBITDA (35 <span class=\"_ _80\"></span>%). In contrast<span class=\"_ _92\"></span>, the </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 ws154 gs1355\">L<span class=\"_ _14\"></span>TI plans for the Executive Board member retiring <span class=\"ls0 ws5d2\">at the end <span class=\"_ _92\"></span>of 2020 were ea<span class=\"ls64 ws153\">ch concluded with a two-<span class=\"_ _333\"> </span></span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9c ws33f gs1356\">year assessment period.  </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls64 wsa9 gs1357\">Beginning with the 2021 reporting period, a maximu<span class=\"ls7d ws568\">m of 78 <span class=\"_ _89\"></span>% of the respective fixed salaries </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls64 ws679 gs1358\">(maximum target achievemen<span class=\"_ _92\"></span>t 120 <span class=\"_ _14\"></span>%, variable component<span class=\"ls0 ws235\"> 65 <span class=\"_ _80\"></span>%) can be paid out in the for<span class=\"_ _43\"></span>m of long-<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls98 ws1a6 gs1359\">term remuneration based on me<span class=\"_ _43\"></span>dium-term p<span class=\"_ _43\"></span>erformance cr<span class=\"_ _43\"></span>iteria. The<span class=\"_ _43\"></span> concrete amount depends not </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls88 wsbef gs135a\">only on the a<span class=\"_ _92\"></span>chievement of the objective<span class=\"_ _92\"></span>s, but also on VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s share price <span class=\"_ _92\"></span>performance. <span class=\"_ _8a\"></span> </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws13b gs135b\">The dura<span class=\"_ _92\"></span>tion of the L<span class=\"_ _14\"></span>TIP is thre<span class=\"_ _92\"></span>e years. In t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e beginning<span class=\"_ _92\"></span>, the maximum value is depict<span class=\"_ _92\"></span>ed as the current </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b wsbf0 gs135c\">price in phantom<span class=\"_ _92\"></span> shares<span class=\"_ _43\"></span>; the undiscoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d amount is paid out in<span class=\"_ _92\"></span> arrears, dependin<span class=\"_ _92\"></span>g on the </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsdf wsbf1 gs135d\">achieveme<span class=\"_ _43\"></span>nt of the targets and the sha<span class=\"_ _43\"></span>re price at the end of the three-year ass<span class=\"_ _43\"></span>essment per<span class=\"_ _43\"></span>iod (average </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws305 gs135e\">price of the VERBUND shar<span class=\"_ _92\"></span>e with regar<span class=\"_ _92\"></span>d to the th<span class=\"ls74 ws5fc\">ree-y<span class=\"_ _92\"></span>ear assessment period for the r<span class=\"_ _92\"></span>espective L<span class=\"_ _14\"></span>TI </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws12f gs135f\">plan). The following performance <span class=\"ls46 ws667\">criteria were defined for the L<span class=\"_ _14\"></span>T<span class=\"ls87 ws69f\">IP 2021 (assessment period ending </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls87 wsbf2 gs1360\">2023): total shareholder r<span class=\"_ _92\"></span>eturn (30 <span class=\"_ _89\"></span>%), FCF befor<span class=\"_ _92\"></span>e<span class=\"ls63 ws653\"> divide<span class=\"_ _43\"></span>nds (35 <span class=\"_ _86\"></span>%), overhead costs (35 <span class=\"_ _86\"></span>%). The </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7d ws8d gs1361\">following performance criteria have<span class=\"ls79 ws465\"> been agreed for L<span class=\"_ _14\"></span>TIP 2022 (ass<span class=\"ls9a wscd\">essment period en<span class=\"ls7d ws488\">ding 2024): total </span></span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls71 wsf8 gs1362\">shareholder r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>turn (30 %), FCF be<span class=\"ls97 ws124\">for<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> dividends (35 %),<span class=\"_ _43\"></span> expansion of new renewables (35 %).  </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls6b ws137 gs1363\">A company pen<span class=\"_ _92\"></span>sion plan has been set up for m<span class=\"_ _0\"></span>embers of the<span class=\"_ _92\"></span> E<span class=\"_ _43\"></span>xecutive Boar<span class=\"_ _92\"></span>d in the form of a defined </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls80 wsf1 gs1364\">contribution pension fund agreement<span class=\"_ _92\"></span>. In the 2022 re<span class=\"ls7d ws488\">porting period, con<span class=\"_ _92\"></span>tributions to the pension fund </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws184 gs1365\">were paid for the Executive Boar<span class=\"_ _92\"></span>d in th<span class=\"_ _43\"></span><span class=\"ls80 wsde\">e amount of \u20ac184,500 (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: \u20ac184,500). </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 wsbf3 gs1366\">In the 2022 re<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>orting period, \u20ac296,379 (previous yea<span class=\"ls71 wsbf4\">r: \u20ac391,533) in pensions was paid out to </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls1b wsb2d gs1367\">beneficiaries. Exp<span class=\"_ _43\"></span>enses for pensions<span class=\"_ _43\"></span> and similar obligations for for<span class=\"_ _43\"></span>mer members of the<span class=\"_ _43\"></span> Executive Board </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls75 ws71d gs1368\">and their surviving dependants included in the pr<span class=\"_ _92\"></span>ofit or loss for the period amount<span class=\"_ _92\"></span>ed to a total of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab wsbf5 gs1369\">\u20ac29,339 (previous year: \u20ac28,897). In addition, inco<span class=\"ls70 ws5d4\">me in the amount of \u20ac1,483,786 (pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls0 ws85b gs136a\">expense of \u20ac3,914) was r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cognised in other compre<span class=\"ls80 ws85a\">hensive income due to th<span class=\"_ _92\"></span><span class=\"lsbc wsb32\">e cessation of pension </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls7c ws0 gs136b\">entitlemen<span class=\"_ _92\"></span>ts. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls76 ws1f6 gs136c\">Remunera<span class=\"_ _92\"></span>tion for members of the S<span class=\"_ _92\"></span>uper<span class=\"_ _43\"></span>visor<span class=\"_ _43\"></span>y Board (inc<span class=\"_ _0\"></span>luding the r<span class=\"_ _92\"></span>eimbursement o<span class=\"_ _92\"></span>f recharged </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls63 ws729 gs136d\">business/tra<span class=\"_ _92\"></span>vel expenses) amounted<span class=\"ls71 ws1fa\"> to a total of \u20ac397,857 (previous yea<span class=\"ls78 ws4a8\">r<span class=\"_ _43\"></span>: \u20ac391,778). As in the previous </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls9a ws108 gs136e\">year<span class=\"_ _14\"></span>, no loan<span class=\"_ _92\"></span>s or advances were paid ou<span class=\"_ _92\"></span>t to members of the Gr<span class=\"_ _92\"></span>oup<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s or subsidiaries<span class=\"_ _92\"></span>\u2019 governing bodies<span class=\"_ _92\"></span>. </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws24d gs136f\">As in the previo<span class=\"_ _92\"></span>us year<span class=\"_ _14\"></span>, VERBUND does not ha<span class=\"_ _92\"></span>ve a stock option<span class=\"_ _92\"></span> programme for either t<span class=\"_ _92\"></span>he members of </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls67 ws66 gs1370\">the Executive Boar<span class=\"_ _92\"></span>d or senior managemen<span class=\"_ _92\"></span>t staff. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-51": {
   "value": "13.3<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"lsc6 wsbde\">T<span class=\"_ _80\"></span>ransactions with related parties</span><span class=\"lsc6 wsbde\"> </span>Related parties of VERBUND include: \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls75 ws81\">all subsidiaries<span class=\"_ _92\"></span>, associates and joint ventur<span class=\"_ _92\"></span>es<span class=\"_ _43\"></span>; </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls74 ws806\">the members o<span class=\"_ _92\"></span>f VERBUND\u2019<span class=\"_ _14\"></span>s Executive Board<span class=\"_ _92\"></span> and Su<span class=\"ls1b wsbdf\">per<span class=\"_ _43\"></span>visory<span class=\"_ _43\"></span> Board as well as companies controlled </span></span></span>or significan<span class=\"_ _92\"></span>tly influenced by them or their clo<span class=\"_ _92\"></span>se family members; \u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls33 ws102\">the Republic of A<span class=\"_ _92\"></span>ustria due to its position as the m<span class=\"_ _92\"></span>ajority sharehol<span class=\"_ _92\"></span>der<span class=\"_ _63\"></span>; and </span></span>\u2022<span class=\"ff36\"> <span class=\"_ _91\"> </span><span class=\"ff28 ls26 ws340\">companies con<span class=\"_ _92\"></span>t<span class=\"_ _43\"></span>rolled or sign<span class=\"_ _92\"></span>ificantly influenced by the R<span class=\"_ _92\"></span>epublic of Austria.  </span></span>Transactio<span class=\"_ _92\"></span>ns between related parties ar<span class=\"_ _92\"></span>e carried out <span class=\"ls76 ws1d1\">at arm<span class=\"_ _14\"></span>\u2019<span class=\"_ _92\"></span>s length<span class=\"_ _92\"></span>. Transactions with subsidiaries<span class=\"_ _92\"></span>, </span>joint vent<span class=\"_ _92\"></span>ures or associates not included in the basis <span class=\"ls77 ws8e7\">of consolidation due to a lack of material<span class=\"_ _43\"></span>ity are not </span>presen<span class=\"_ _92\"></span>ted owing to their immateriality. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-52": {
   "value": "Detailed disclosur<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>s regar<span class=\"_ _92\"></span>ding the boards of V<span class=\"_ _92\"></span>ERBUND A<span class=\"_ _92\"></span>G are present<span class=\"_ _92\"></span>ed in the Corporate Govern<span class=\"_ _92\"></span>ance Report. The fo<span class=\"_ _92\"></span>llowing disclosures focus on<span class=\"_ _92\"></span> the remunera<span class=\"_ _92\"></span>tion of members of the Executive Boar<span class=\"_ _92\"></span>d and the Super<span class=\"_ _43\"></span>visor<span class=\"_ _43\"></span>y B<span class=\"_ _43\"></span>oard.  Current remuneration of the Execut<span class=\"_ _43\"></span>ive Board (incl. variable remuneration<span class=\"_ _43\"></span>) <span class=\"_ _146\"> </span><span class=\"ff2a fs7 ls0 ws0\">\u20ac </span>  <span class=\"_ _153\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _10\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2dd\"> </span><span class=\"ff2f fc4 ls1c\">Fixed </span>remuneration V<span class=\"_ _92\"></span>ariable remuneration Fixed<span class=\"_ _43\"></span> remu<span class=\"_ _43\"></span>ne<span class=\"_ _43\"></span>rati<span class=\"_ _43\"></span>on<span class=\"_ _333\"> </span>V<span class=\"_ _14\"></span>ariable remu<span class=\"_ _43\"></span>ne<span class=\"_ _43\"></span>rati<span class=\"_ _43\"></span>on<span class=\"_ _333\"> </span>Dr<span class=\"_ _14\"></span>. Michael Strugl <span class=\"_ _192\"> </span><span class=\"fc4 ls0 ws0\">750,000 <span class=\"_ _117\"> </span>480,910 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">750,000<span class=\"_ _92\"></span> <span class=\"_ _aa\"> </span>826,750 </span></span>Dr<span class=\"_ _14\"></span>. Peter F<span class=\"_ _87\"></span>. Kollmann <span class=\"_ _156\"> </span><span class=\"fc4 ls0 ws0\">620,000 <span class=\"_ _aa\"> </span>435,813 <span class=\"_ _a5\"> </span><span class=\"ff2f fc0 ls18\">620,000 <span class=\"_ _117\"> </span>713,000 </span></span>Dr<span class=\"_ _14\"></span>. Achim Kaspar <span class=\"_ _1a6\"> </span><span class=\"fc4 ls0 ws0\">475,000 <span class=\"_ _aa\"> </span>332,500 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">475,00<span class=\"_ _92\"></span>0 <span class=\"_ _aa\"> </span>546,250 </span></span>Remunera<span class=\"_ _92\"></span>tion of the active Executive Board <span class=\"ls64 ws622\">members amoun<span class=\"_ _92\"></span>ted to a total of \u20ac3,969,703<span class=\"ff3a ls0 ws0\"> <span class=\"_ _a6\"> </span></span>in the <span class=\"_ _85\"></span> </span>2022 reporting period (previous year: \u20ac3,128,810), including \u20ac38,703 (previous year: \u20ac34,587) in remuneration in kind. The variable salaries<span class=\"_ _43\"></span> comprise per<span class=\"_ _43\"></span>formance-related shor<span class=\"_ _43\"></span>t-term and long<span class=\"_ _43\"></span>-term remuner<span class=\"_ _92\"></span>ation components. Active members of the <span class=\"ls63 wsbe7\">Executive Boar<span class=\"_ _92\"></span>d received \u20ac1,107,000 in short-term </span>variable remuner<span class=\"_ _92\"></span>ation (previous year<span class=\"_ _43\"></span>: \u20ac1,249,<span class=\"lsab ws549\">223) and \u20ac979,000 in long-term (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: \u20ac0) </span>variable rem<span class=\"_ _92\"></span>uneration in the 2022 reporting period. <span class=\"_ _92\"></span> Furthermor<span class=\"_ _92\"></span>e, \u20ac412,500 in long-term va<span class=\"lsbc wsbe9\">riable remuneration (L<span class=\"_ _14\"></span>TI Plan 2020) was paid<span class=\"_ _92\"></span> out in 2022 for a </span>retir<span class=\"_ _92\"></span>ed member of the E<span class=\"_ _43\"></span>xecutive Board (pr<span class=\"_ _92\"></span>evious yea<span class=\"ls79 ws465\">r<span class=\"_ _63\"></span>: L<span class=\"_ _14\"></span>TI Plan 2019: \u20ac412,500). This relates to claims </span>for active service on the Executive Boar<span class=\"_ _92\"></span>d.  Because it is onl<span class=\"_ _92\"></span>y possible at the end of the ye<span class=\"_ _92\"></span>ar <span class=\"ls88 ws14d\">to ascertain whether targets ha<span class=\"_ _92\"></span>ve been achieved, </span>short-term varia<span class=\"_ _92\"></span>ble remuner<span class=\"_ _92\"></span>ation componen<span class=\"_ _92\"></span>ts are paid out in the follo<span class=\"_ _92\"></span>w<span class=\"_ _43\"></span>ing year<span class=\"_ _14\"></span>. Ther<span class=\"_ _92\"></span>efore<span class=\"_ _92\"></span>, the total amount incl<span class=\"_ _92\"></span>udes the short-term variable r<span class=\"_ _92\"></span>emuneration<span class=\"_ _92\"></span> components grant<span class=\"_ _92\"></span>ed to the active member<span class=\"_ _92\"></span>s of the Executive Board in the 2022 r<span class=\"_ _92\"></span>ep<span class=\"_ _43\"></span>ortin<span class=\"ls6d ws186\">g period for the 2021 reporting period.<span class=\"ff3a fc9 ls0 ws0\"> <span class=\"ff28 fc0\"> </span></span></span>The system of variable remuner<span class=\"_ _92\"></span>ation was revise<span class=\"ls6d ws9ef\">d beginning with the 2019 <span class=\"ls64 ws55d\">r<span class=\"_ _92\"></span>eporting period and a </span></span>generally<span class=\"_ _92\"></span> three-year Long T<span class=\"_ _80\"></span>erm Incentive Pr<span class=\"_ _92\"></span>ogramme (L<span class=\"_ _14\"></span>TIP) was a<span class=\"_ _92\"></span>greed in addition to<span class=\"_ _92\"></span> the short-term targets (<span class=\"_ _92\"></span>one-year goals). F<span class=\"_ _92\"></span>or the one-ye<span class=\"_ _92\"></span>ar goals, the per<span class=\"_ _92\"></span>centage rat<span class=\"_ _92\"></span>e for total achievement o<span class=\"_ _92\"></span>f the targets beginning in financial year 2021 is <span class=\"ls71 ws661\">a standard 60 <span class=\"_ _88\"></span>% of the relevan<span class=\"_ _92\"></span>t<span class=\"ls70 wsa4c\"> fixed remuneration. In<span class=\"_ _92\"></span> the 2021 </span></span>reporting <span class=\"_ _92\"></span>period, 70 % of t<span class=\"_ _92\"></span>he agreement on<span class=\"_ _92\"></span> targets is based on the achiev<span class=\"_ _92\"></span>ement of the Gr<span class=\"_ _92\"></span>oup result and 30 <span class=\"_ _14\"></span>% on non-fi<span class=\"_ _43\"></span>nancial goals (one-year): expansion of renewable generation (20 <span class=\"_ _92\"></span>%) and conclusion <span class=\"_ _43\"></span>of a culture a<span class=\"_ _92\"></span>udit (10 <span class=\"_ _14\"></span>%). In<span class=\"_ _0\"></span> the 2022 r<span class=\"_ _92\"></span>eporting period, 70 <span class=\"_ _14\"></span>% of t<span class=\"_ _92\"></span>he agreement on<span class=\"_ _92\"></span> targets was based on the achievement of the Group result and 30 <span class=\"_ _80\"></span>% on non-financial goals (one-year): expansion of renewable<span class=\"_ _333\"> </span>generation (10 %), pr<span class=\"_ _92\"></span>oportion of women among newly <span class=\"ls78 ws184\">hired employees (10 %) and 100 % of in<span class=\"_ _92\"></span>vestments </span>based on ESG criteria (10 %).  With r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>spect to the long-term <span class=\"ls71 ws81e\">incentive plans (L<span class=\"_ _14\"></span>TIP) for 2019\u2013</span> <span class=\"fs2 ls79 ws2ba\">2021 and 2020\u2013</span> <span class=\"fs2 ls7d ws425\">2022, a maximum of </span>55 <span class=\"_ _80\"></span>% of the res<span class=\"_ _92\"></span>pective fixed salaries (maximum <span class=\"ls7d ws3ba\">target achievement 100 <span class=\"_ _87\"></span>%, variable component 55 <span class=\"_ _87\"></span>%) </span>can be paid out in the form of long<span class=\"_ _43\"></span>-term remuneration based on medium-te<span class=\"_ _43\"></span>rm perfor<span class=\"_ _43\"></span>mance criter<span class=\"_ _43\"></span>ia. <span class=\"_ _14\"></span> The concrete amount depends not only on t<span class=\"_ _43\"></span>he achievement of the object<span class=\"_ _43\"></span>ives, but also on VERBUND\u2019<span class=\"_ _14\"></span>s shar<span class=\"_ _92\"></span>e price performance. The dura<span class=\"_ _92\"></span>tion of the L<span class=\"_ _14\"></span>TIP is three ye<span class=\"_ _92\"></span>ars. In the beginn<span class=\"_ _92\"></span>ing, the maximum v<span class=\"_ _92\"></span>alue is depicted as the curren<span class=\"_ _92\"></span>t price in phantom shares; the undiscount<span class=\"_ _92\"></span>ed amount is paid out in arrears<span class=\"_ _92\"></span>,<span class=\"_ _43\"></span> depending on the ac<span class=\"_ _92\"></span>hievement of the tar<span class=\"_ _92\"></span>gets and the share price at t<span class=\"_ _92\"></span>he end of the three-ye<span class=\"_ _92\"></span>ar assessment period (aver<span class=\"_ _92\"></span>age daily price of the VERBUND <span class=\"_ _92\"></span>share for the first quart<span class=\"_ _92\"></span>er following the end of the pl<span class=\"_ _92\"></span>an).  The following performance criter<span class=\"ls7d ws514\">ia wer<span class=\"_ _92\"></span>e defined for L<span class=\"_ _14\"></span>TIP 2019<span class=\"fc9 ls0 ws0\"> <span class=\"_ _43\"></span></span><span class=\"ls76 ws7e\">(assessment period endin<span class=\"_ _92\"></span>g 2021): total </span></span>shareho<span class=\"_ _92\"></span>lder return (25 <span class=\"_ _14\"></span>%), EB<span class=\"_ _92\"></span>ITDA from gr<span class=\"_ _92\"></span>owth projects (25 <span class=\"_ _14\"></span>%), fr<span class=\"_ _92\"></span>ee cash flow (FCF) befor<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> dividends (25 %), pr<span class=\"_ _92\"></span>oductivity increase (25 <span class=\"_ _92\"></span>%); for L<span class=\"_ _14\"></span>TIP 2020 (a<span class=\"ls87 ws27b\">ssessment period ending <span class=\"ls71 ws84\">2022), application of total </span></span>shareholder r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>turn (30 <span class=\"_ _80\"></span>%), FCF before dividends (<span class=\"ls19 ws4b1\">35 <span class=\"_ _87\"></span>%) and net debt/EBITDA (35 <span class=\"_ _80\"></span>%). In contrast<span class=\"_ _92\"></span>, the </span>L<span class=\"_ _14\"></span>TI plans for the Executive Board member retiring <span class=\"ls0 ws5d2\">at the end <span class=\"_ _92\"></span>of 2020 were ea<span class=\"ls64 ws153\">ch concluded with a two-<span class=\"_ _333\"> </span></span></span>year assessment period.  Beginning with the 2021 reporting period, a maximu<span class=\"ls7d ws568\">m of 78 <span class=\"_ _89\"></span>% of the respective fixed salaries </span>(maximum target achievemen<span class=\"_ _92\"></span>t 120 <span class=\"_ _14\"></span>%, variable component<span class=\"ls0 ws235\"> 65 <span class=\"_ _80\"></span>%) can be paid out in the for<span class=\"_ _43\"></span>m of long-<span class=\"_ _333\"> </span></span>term remuneration based on me<span class=\"_ _43\"></span>dium-term p<span class=\"_ _43\"></span>erformance cr<span class=\"_ _43\"></span>iteria. The<span class=\"_ _43\"></span> concrete amount depends not only on the a<span class=\"_ _92\"></span>chievement of the objective<span class=\"_ _92\"></span>s, but also on VERB<span class=\"_ _92\"></span>UND\u2019<span class=\"_ _92\"></span>s share price <span class=\"_ _92\"></span>performance. <span class=\"_ _8a\"></span> The dura<span class=\"_ _92\"></span>tion of the L<span class=\"_ _14\"></span>TIP is thre<span class=\"_ _92\"></span>e years. In t<span class=\"_ _92\"></span>h<span class=\"_ _43\"></span>e beginning<span class=\"_ _92\"></span>, the maximum value is depict<span class=\"_ _92\"></span>ed as the current price in phantom<span class=\"_ _92\"></span> shares<span class=\"_ _43\"></span>; the undiscoun<span class=\"_ _92\"></span>te<span class=\"_ _43\"></span>d amount is paid out in<span class=\"_ _92\"></span> arrears, dependin<span class=\"_ _92\"></span>g on the achieveme<span class=\"_ _43\"></span>nt of the targets and the sha<span class=\"_ _43\"></span>re price at the end of the three-year ass<span class=\"_ _43\"></span>essment per<span class=\"_ _43\"></span>iod (average price of the VERBUND shar<span class=\"_ _92\"></span>e with regar<span class=\"_ _92\"></span>d to the th<span class=\"ls74 ws5fc\">ree-y<span class=\"_ _92\"></span>ear assessment period for the r<span class=\"_ _92\"></span>espective L<span class=\"_ _14\"></span>TI </span>plan). The following performance <span class=\"ls46 ws667\">criteria were defined for the L<span class=\"_ _14\"></span>T<span class=\"ls87 ws69f\">IP 2021 (assessment period ending </span></span>2023): total shareholder r<span class=\"_ _92\"></span>eturn (30 <span class=\"_ _89\"></span>%), FCF befor<span class=\"_ _92\"></span>e<span class=\"ls63 ws653\"> divide<span class=\"_ _43\"></span>nds (35 <span class=\"_ _86\"></span>%), overhead costs (35 <span class=\"_ _86\"></span>%). The </span>following performance criteria have<span class=\"ls79 ws465\"> been agreed for L<span class=\"_ _14\"></span>TIP 2022 (ass<span class=\"ls9a wscd\">essment period en<span class=\"ls7d ws488\">ding 2024): total </span></span></span>shareholder r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>turn (30 %), FCF be<span class=\"ls97 ws124\">for<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span> dividends (35 %),<span class=\"_ _43\"></span> expansion of new renewables (35 %).  </span>A company pen<span class=\"_ _92\"></span>sion plan has been set up for m<span class=\"_ _0\"></span>embers of the<span class=\"_ _92\"></span> E<span class=\"_ _43\"></span>xecutive Boar<span class=\"_ _92\"></span>d in the form of a defined contribution pension fund agreement<span class=\"_ _92\"></span>. In the 2022 re<span class=\"ls7d ws488\">porting period, con<span class=\"_ _92\"></span>tributions to the pension fund </span>were paid for the Executive Boar<span class=\"_ _92\"></span>d in th<span class=\"_ _43\"></span><span class=\"ls80 wsde\">e amount of \u20ac184,500 (pr<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>vious year<span class=\"_ _43\"></span>: \u20ac184,500). </span>In the 2022 re<span class=\"_ _92\"></span>p<span class=\"_ _43\"></span>orting period, \u20ac296,379 (previous yea<span class=\"ls71 wsbf4\">r: \u20ac391,533) in pensions was paid out to </span>beneficiaries. Exp<span class=\"_ _43\"></span>enses for pensions<span class=\"_ _43\"></span> and similar obligations for for<span class=\"_ _43\"></span>mer members of the<span class=\"_ _43\"></span> Executive Board and their surviving dependants included in the pr<span class=\"_ _92\"></span>ofit or loss for the period amount<span class=\"_ _92\"></span>ed to a total of \u20ac29,339 (previous year: \u20ac28,897). In addition, inco<span class=\"ls70 ws5d4\">me in the amount of \u20ac1,483,786 (pr<span class=\"_ _92\"></span>evious year<span class=\"_ _43\"></span>: </span>expense of \u20ac3,914) was r<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>cognised in other compre<span class=\"ls80 ws85a\">hensive income due to th<span class=\"_ _92\"></span><span class=\"lsbc wsb32\">e cessation of pension </span></span>entitlemen<span class=\"_ _92\"></span>ts. Remunera<span class=\"_ _92\"></span>tion for members of the S<span class=\"_ _92\"></span>uper<span class=\"_ _43\"></span>visor<span class=\"_ _43\"></span>y Board (inc<span class=\"_ _0\"></span>luding the r<span class=\"_ _92\"></span>eimbursement o<span class=\"_ _92\"></span>f recharged business/tra<span class=\"_ _92\"></span>vel expenses) amounted<span class=\"ls71 ws1fa\"> to a total of \u20ac397,857 (previous yea<span class=\"ls78 ws4a8\">r<span class=\"_ _43\"></span>: \u20ac391,778). As in the previous </span></span>year<span class=\"_ _14\"></span>, no loan<span class=\"_ _92\"></span>s or advances were paid ou<span class=\"_ _92\"></span>t to members of the Gr<span class=\"_ _92\"></span>oup<span class=\"_ _92\"></span>\u2019<span class=\"_ _92\"></span>s or subsidiaries<span class=\"_ _92\"></span>\u2019 governing bodies<span class=\"_ _92\"></span>. As in the previo<span class=\"_ _92\"></span>us year<span class=\"_ _14\"></span>, VERBUND does not ha<span class=\"_ _92\"></span>ve a stock option<span class=\"_ _92\"></span> programme for either t<span class=\"_ _92\"></span>he members of the Executive Boar<span class=\"_ _92\"></span>d or senior managemen<span class=\"_ _92\"></span>t staff.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "<div class=\"t m0 h25 ff2a fs10 fc3 sc0 ls262 ws0 gs1372\">13.4<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"lsef ws877\">Subsidiaries, joint ventures and associates of VERBUND<span class=\"_ _333\"> </span></span><span class=\"lsef ws877\"> </span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 lsab ws43e gs1438\">The following list of Group<span class=\"_ _92\"></span> compan<span class=\"ls64 ws3fb\">ies prepared in accor<span class=\"_ _92\"></span>dance with <span class=\"ls96 ws631\">Section 245a(1) in conjunction with </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls78 ws184 gs1439\">Section 265(2) <span class=\"_ _2fe\"> </span>Austrian <span class=\"_ _83\"> </span>Commercial<span class=\"ls26 ws19d\"> Code (UGB) comprises VERBUND\u2019<span class=\"_ _14\"></span><span class=\"lsa2 ws76e\">s subsidiaries<span class=\"_ _92\"></span>, joint ventures </span></span></div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls33 ws366 gs143a\">and associates<span class=\"_ _92\"></span>. In addition, this list also in<span class=\"_ _92\"></span>cludes unconsolidated subsidiaries and other jo<span class=\"_ _92\"></span>int venture<span class=\"_ _92\"></span>s </div><div class=\"t m0 h7 ff28 fs2 fc0 sc0 ls82 ws249 gs143b\">and equity inter<span class=\"_ _92\"></span>ests of VERBUND not accounted for<span class=\"_ _92\"></span> using the equity method with an inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st of \u2265 20<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsa9 ws1e6 gs143d\">Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs143e\">  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls106 ws0 gs143f\">Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls61 ws0 gs1440\">quarters </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws0 gs1441\">Consoli- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls37 ws0 gs1442\">dation </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lsca ws0 gs1443\">method </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs1444\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls24 ws0 gs1445\">company </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs1446\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1c ws0 gs1447\">com- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls28 ws0 gs1448\">pany's </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws35e gs1449\">share of </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gs144a\">equity </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs144b\">Head- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs144c\">quarters </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs144d\">Consoli- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs144e\">dation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws0 gs144f\">method </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs1450\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws0 gs1451\">company </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs1452\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws0 gs1453\">com- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls28 ws0 gs1454\">pany\u2019<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs1455\">share of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs1456\">equity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs1457\">VERBUND AG  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1458\">(VH) \u2013 Hydro <span class=\"_ _50\"> </span><span class=\"fc4 ls1ab ws0\">Wien <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _4f\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs1459\">Innwerk AG  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws0 gs145a\">(VHP<span class=\"_ _14\"></span>-IW) </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1c ws0 gs145b\">Stamm- </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws0 gs145c\">ham </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 lscc ws0 gs145d\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws0 gs145e\">Stamm- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs145f\">ham </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws0 gs1460\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs1461\">VERBUND Hydro </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls188 ws84f gs1462\">Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws0 gs1463\">(VHP) <span class=\"_ _58\"> </span><span class=\"fc4 ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">80.54 % <span class=\"_ _1e\"> </span></span></span></span></span><span class=\"ls62\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.54 % </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs1464\">VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws0 gs1465\">Innkraftwerk<span class=\"_ _92\"></span>e </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2f ws0 gs1466\">GmbH <span class=\"_ _1d4\"> </span><span class=\"fc4 ls37\">T\u00f6ging <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span></span></span><span class=\"ws36\">70.27 % <span class=\"_ _218\"> </span></span><span class=\"fc0\">T\u00f6ging <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span></span></span><span class=\"ws36\">70.27 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws0 gs1467\">Donaukraftwerk </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs1468\">Jochenstein </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls49 ws0 gs1469\">Aktiengese<span class=\"_ _43\"></span>llschaft </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls25 ws0 gs146a\">Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs146b\">VH </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls48 ws0 gs146c\">VHP-IW </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs146d\">50.00 % </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs146e\">50.00 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws0 gs146f\">Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs1470\">VH </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls48 ws0 gs1471\">VHP-IW </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs1472\">50.00 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs1473\">50.00 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws0 gs1474\">Grenzkraftwerk<span class=\"_ _92\"></span>e </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2f ws0 gs1475\">GmbH <span class=\"_ _16e\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs1476\">VH </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls48 ws0 gs1477\">VHP-IW </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs1478\">50.00 % </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs1479\">50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs147a\">VH </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls48 ws0 gs147b\">VHP-IW </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs147c\">50.00 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs147d\">50.00 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs147e\">\u00d6sterreichisch-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs147f\">Bay<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rische </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1cf ws0 gs1480\">Kraftwerk<span class=\"_ _92\"></span>e </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls49 ws0 gs1481\">Aktiengese<span class=\"_ _43\"></span>llschaft <span class=\"_ _216\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs1482\">VH </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls48 ws0 gs1483\">VHP-IW </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs1484\">50.00 % </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs1485\">50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs1486\">VH </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls48 ws0 gs1487\">VHP-IW </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs1488\">50.00 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs1489\">50.00 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws0 gs148a\">Ennskraftwerke </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls49 ws0 gs148b\">Aktiengese<span class=\"_ _43\"></span>llschaft </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1ab ws0 gs148c\">Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _94\"> </span></span></span></span><span class=\"fc0\">Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws853 gs148d\">Kraftwerk Nu\u00dfdorf </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs148e\">Errichtungs- und </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs148f\">Betriebs GmbH &amp; </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls19 ws184 gs1490\">Co KG <span class=\"_ _bd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs1491\">1</div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs1492\"> <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs1493\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs1494\"> <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws853 gs1495\">Kraftwerk Nu\u00dfdorf </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs1496\">Errichtungs- und </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs1497\">Betriebs GmbH <span class=\"_ _7\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs1498\">1</div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs1499\"> <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs149a\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs149b\"> <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws0 gs149c\">Ashta </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws0 gs149d\">Beteiligungs-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs149e\">verwaltung GmbH  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws0 gs149f\">(VHP<span class=\"_ _92\"></span>-AL<span class=\"_ _14\"></span>-HII) </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls62 ws0 gs14a0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs14a1\">1</div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs14a2\"> <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">50.01 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs14a3\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs14a4\"> <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">50.01 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs14a5\">Energji Ashta Shpk  <span class=\"_ _187\"> </span><span class=\"fc4 ls1d ws0\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs14a6\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls34 ws0 gs14a7\">VHP-AL-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1b ws0 gs14a8\">HII <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span><span class=\"fc0 ls1d\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs14a9\">1<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws0 gs14aa\">VHP-AL-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs14ab\">HII <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs14ac\">Lestin T<span class=\"_ _14\"></span>auch- und </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws0 gs14ad\">Bergungs- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs14ae\">unternehmen </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws0 gs14af\">Gesellschaft </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs14b0\">m.b.H. (LESTIN) <span class=\"_ _179\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _1e\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"fc0\"><span class=\"ls0\"><span class=\"ls2f\"><span class=\"ls102 ws31a\"> </span></span></span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsa9 ws1e6 gs14b2\">Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs14b3\">  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls106 ws0 gs14b4\">Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls61 ws0 gs14b5\">quarters </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws0 gs14b6\">Consoli- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls37 ws0 gs14b7\">dation </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lsca ws0 gs14b8\">method </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs14b9\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls24 ws0 gs14ba\">company </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs14bb\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1c ws0 gs14bc\">com- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls28 ws0 gs14bd\">pany's </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws35e gs14be\">share of </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gs14bf\">equity </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs14c0\">Head- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs14c1\">quarters </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs14c2\">Consoli- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs14c3\">dation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws0 gs14c4\">method </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs14c5\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws0 gs14c6\">company </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs14c7\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws0 gs14c8\">com- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls28 ws0 gs14c9\">pany\u2019<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs14ca\">share of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs14cb\">equity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs14cc\">Lestin &amp; Co. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs14cd\">T<span class=\"_ _14\"></span>auch- und </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws0 gs14ce\">Bergungs- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs14cf\">unternehmen </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs14d0\">GmbH  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs14d1\">in liquidation </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls25 ws0 gs14d2\">Passau <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _187\"> </span><span class=\"lscc\">LESTIN <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _59\"> </span>\u2013 <span class=\"_ _b8\"> </span>\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs14d3\">Murkraftwerk Graz </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs14d4\">Errichtungs- und </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2e ws0 gs14d5\">BetriebsgmbH <span class=\"_ _59\"> </span><span class=\"fc4 ls2f\">Gra<span class=\"_ _43\"></span>z <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span>VHP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.10 % <span class=\"_ _185\"> </span></span><span class=\"fc0\">Graz <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span></span>VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">25.10 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs14d6\">VERBUND </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs14d7\">T<span class=\"_ _14\"></span>ourismus GmbH <span class=\"_ _94\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2f ws0 gs14d8\">VHP </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls20 ws21 gs14d9\"> LESTIN </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs14da\">99.90 % </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs14db\"> 0.10 % <span class=\"_ _218\"> </span><span class=\"fc0 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2f ws0 gs14dc\">VHP </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs14dd\"> LESTIN </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs14de\">99.90 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs14df\"> 0.10 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws25f gs14e0\">Manara HPP </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws45 gs14e1\">Operation Ltd. </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls31 ws0 gs14e2\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _219\"> </span><span class=\"fc0 ls59\">Tel-Aviv <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">80.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc0 ls59\"><span class=\"ls0\"><span class=\"ls2f\"><span class=\"ls37 ws36\"> </span></span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 ls169 ws6d2 gs14e4\">Seg<span class=\"_ _43\"></span>men<span class=\"_ _43\"></span>t: N<span class=\"_ _43\"></span>ew renewab<span class=\"_ _43\"></span>le<span class=\"_ _43\"></span>s <span class=\"_ _302\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs14e5\">  <span class=\"_ _c2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1cb\"> </span><span class=\"fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls106 ws0 gs14e6\">Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls61 ws0 gs14e7\">quarters </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws0 gs14e8\">Consoli- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls37 ws0 gs14e9\">dation </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lsca ws0 gs14ea\">method </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs14eb\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls24 ws0 gs14ec\">company </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs14ed\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1c ws0 gs14ee\">com- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls28 ws0 gs14ef\">pany's </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws35e gs14f0\">share of </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gs14f1\">equity </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs14f2\">Head- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs14f3\">quarters </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs14f4\">Consoli- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs14f5\">dation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws0 gs14f6\">method </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs14f7\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws0 gs14f8\">company </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs14f9\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws0 gs14fa\">com- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls28 ws0 gs14fb\">pany\u2019<span class=\"_ _92\"></span>s </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs14fc\">share of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs14fd\">equity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs14fe\">VERBUND Wind </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs14ff\">P<span class=\"_ _92\"></span>ower A<span class=\"_ _92\"></span>ustria </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws5b gs1500\">GmbH (VRP<span class=\"_ _92\"></span>-A<span class=\"_ _92\"></span>T) </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls62 ws0 gs1501\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs1502\">VERBUND Green </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls188 ws0 gs1503\">Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws0 gs1504\">Deutschland </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5c ws5d gs1505\">GmbH (VGP<span class=\"_ _92\"></span>-DE) </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws0 gs1506\">W\u00f6rr- </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls7b ws0 gs1507\">stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws0 gs1508\">W\u00f6rr- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws0 gs1509\">stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs150a\">VERBUND Green </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls188 ws84f gs150b\">Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls18 ws0 gs150c\">(VGP) <span class=\"_ _18e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _b\"> </span></span></span></span></span><span class=\"ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs150d\">VERBUND Green </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls188 ws84f gs150e\">Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> I<span class=\"_ _63\"></span>b<span class=\"_ _63\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>a<span class=\"_ _43\"></span>,<span class=\"_ _63\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs150f\">S.L.U. </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls31 ws0 gs1510\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs1511\">VERBUND Wind </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs1512\">P<span class=\"_ _92\"></span>ower Romania </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws0 gs1513\">SRL </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws0 gs1514\">Bucha- </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws0 gs1515\">rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws0 gs1516\">Bucha- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs1517\">rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws0 gs1518\">Windpark </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs1519\">Dichtelbach GmbH </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs151a\">&amp; Co. KG </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws0 gs151b\">W\u00f6rr- </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls7b ws0 gs151c\">stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws0 gs151d\">Infrastruktur </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs151e\">Oberheimbach I </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs151f\">GmbH &amp; Co. KG </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws0 gs1520\">W\u00f6rr- </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls7b ws0 gs1521\">stadt </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 lscc ws0 gs1522\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">85.00 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws0 gs1523\">W\u00f6rr- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws0 gs1524\">stadt </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws0 gs1525\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">85.00 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws0 gs1526\">Infrastrukturgesell- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs1527\">schaft Bischheim </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs1528\">GmbH &amp; Co. KG </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls36 ws0 gs1529\">W\u00f6rr- </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls7b ws0 gs152a\">stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">65.29 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws0 gs152b\">W\u00f6rr- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws0 gs152c\">stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.60 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs152d\">VERBUND Green </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls188 ws0 gs152e\">Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws0 gs152f\">Deutschland </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc9 ws0 gs1530\">Photovoltaik </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2f ws0 gs1531\">GmbH </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls62 ws0 gs1532\">Sch\u00f6ne-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2a ws0 gs1533\">feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs1534\">Sch\u00f6ne-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws0 gs1535\">feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs1536\">W<span class=\"_ _92\"></span>att Development </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs1537\">SPV 5 S.L.U.  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws0 gs1538\">(VGP<span class=\"_ _92\"></span>-IB-IL1) </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 lsca ws0 gs1539\">Pinos </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls148 ws0 gs153a\">Puente </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 lscc ws0 gs153b\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs153c\">W<span class=\"_ _92\"></span>att Development </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs153d\">SPV 6 S.L.U.  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws0 gs153e\">(VGP<span class=\"_ _92\"></span>-IB-IL2) </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 lsca ws0 gs153f\">Pinos </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls148 ws0 gs1540\">Puente <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _17f\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls106 ws35e gs1541\">W<span class=\"_ _92\"></span>att Development </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs1542\">SPV 7 S.L.U.  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws0 gs1543\">(VGP<span class=\"_ _92\"></span>-IB-IL3) <span class=\"_ _10d\"> </span><span class=\"fc4\">Valencia <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span></span></span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"ls60\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span></div>nfraestructuras de Illora S.L. Barce-<span class=\"_ _333\"> </span>lona <span class=\"_ _8\"> </span>UC VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % <span class=\"_ _16\"> </span><span class=\"fc0 ls60 ws0\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % SOLA<span class=\"_ _92\"></span>VOL<span class=\"_ _14\"></span>T<span class=\"_ _92\"></span>A Energie- und Umwelttechnik GmbH Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ay<span class=\"_ _92\"></span>amonte S.L. <span class=\"_ _55\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _162\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _1d4\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _d4\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Lusitania Renovables S.L. <span class=\"_ _127\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Anselma Issuer<span class=\"_ _14\"></span>, S.A. (VGP<span class=\"_ _92\"></span>-IB-ANI) <span class=\"_ _69\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>opacio Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Catalpa Solar<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-CAS) <span class=\"_ _f1\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _92\"></span>, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _14\"></span>TES) <span class=\"_ _ba\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green P<span class=\"_ _92\"></span>ower<span class=\"_ _43\"></span> Ren<span class=\"_ _43\"></span>ewab<span class=\"_ _43\"></span>le Projects, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-GRP) <span class=\"_ _f1\"> </span><span class=\"fc4\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Sica Desarrollos Cuerva, S.L.U. <span class=\"_ _54\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ws0\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Los Navalmorales, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Albarreal, S.L.U. <span class=\"_ _16a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos T<span class=\"_ _14\"></span>otan\u00e9s, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SDC) <span class=\"_ _154\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span></span>CS VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span>\u00e9<span class=\"_ _81\"></span>s<span class=\"_ _63\"></span> Infraestructuras Comunes, S.L. <span class=\"_ _18d\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>SDC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">38.89 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs15a7\">Murcia Solar P<span class=\"_ _92\"></span>ark </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs15a8\">GmbH  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws0 gs15a9\">(VGP<span class=\"_ _92\"></span>-IB-MUR) <span class=\"_ _123\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls1a\">Berlin <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15aa\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs15ab\">ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs15ac\">Baluma Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15ad\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15ae\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs15af\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs15b0\">Baviera Energy<span class=\"_ _80\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15b1\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15b2\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs15b3\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs15b4\">Blacky Energy<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs15b5\">S.L.U.  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls19 ws0 gs15b6\">(VGP<span class=\"_ _92\"></span>-IB-BLA) <span class=\"_ _e3\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15b7\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs15b8\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs15b9\">Bolardo Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15ba\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15bb\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs15bc\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs15bd\">Boyante Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15be\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15bf\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs15c0\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs15c1\">Braganza Energy<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15c2\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15c3\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs15c4\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs15c5\">Cairo Energy<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15c6\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15c7\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs15c8\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs15c9\">Camareta Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15ca\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15cb\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs15cc\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs15cd\">Carmesi Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15ce\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15cf\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs15d0\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs15d1\">Cenida Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15d2\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15d3\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs15d4\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs15d5\">Comunidad de </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws31 gs15d6\">Bienes del Huerto </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs15d7\">Solar del Hinojar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs15d8\">C.B. <span class=\"_ _2d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls2c\">Lorca <span class=\"_ _8\"> </span></span></span>UC </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15d9\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs15da\">SVL <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">92.72 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs15db\">Cornamusa Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15dc\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15dd\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs15de\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs15df\">Cruceta Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws0 gs15e0\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15e1\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs15e2\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws25e gs15e3\">Cyopsa El Molino </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs15e4\">Energia Eolica, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15e5\">S.A.U. <span class=\"_ _1d8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15e6\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15e7\">BLA <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs15e8\">Energias </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs15e9\">Renovables de </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs15ea\">Musas, S.L.U. <span class=\"_ _24c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _1f\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15eb\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls22 ws0 gs15ec\">VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs15ed\">Energias </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs15ee\">Renovables de </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs15ef\">Ofion, S.L.U. (VGP<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5c ws0 gs15f0\">IB-ERO) <span class=\"_ _25\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15f1\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls22 ws0 gs15f2\">VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs15f3\">Faballones Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15f4\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15f5\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs15f6\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs15f7\">Feanor Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15f8\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15f9\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs15fa\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs15fb\">Galadrien Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs15fc\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15fd\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs15fe\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs1600\">Helice Energy<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1601\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1602\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs1603\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs1604\">Imai Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _11b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span></span></span>UC </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1605\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs1606\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls33 ws30 gs1607\">Koe Ene<span class=\"_ _92\"></span>rgy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _66\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1608\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs1609\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs160a\">Lima Energy<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs160b\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs160c\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs160d\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs160e\">Miriel Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _4a\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs160f\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs1610\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1611\">Mosqueton Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1612\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1613\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs1614\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs1615\">Nairobi Energy<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1616\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1617\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs1618\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1619\">Natera Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs161a\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs161b\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs161c\">CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs161d\">Obenque Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs161e\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs161f\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs1620\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs1621\">Orion Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _a5\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1622\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs1623\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs1624\">Orla Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _3c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1625\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1626\">CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gs1627\">P<span class=\"_ _92\"></span>anol Solar<span class=\"_ _92\"></span>, S.L. <span class=\"_ _127\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1628\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs1629\">TES <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">51.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs162a\">P<span class=\"_ _92\"></span>enalara Solar<span class=\"_ _92\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs162b\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs162c\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs162d\">CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs162e\">P<span class=\"_ _92\"></span>erdiguero Solar<span class=\"_ _92\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs162f\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1630\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1631\">CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs1632\">P<span class=\"_ _92\"></span>eregrino Solar<span class=\"_ _92\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1633\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1634\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs1635\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs1636\">P<span class=\"_ _92\"></span>osets Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1637\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1638\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1639\">CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs163a\">Radar Energy<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs163b\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs163c\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs163d\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs163e\">Reclamo Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs163f\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1640\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs1641\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1642\">Rehala Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1643\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1644\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs1645\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls9c ws190 gs1646\">Rotor Energy<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1647\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1648\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs1649\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2a ws28 gs164a\">Sentina Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs164b\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs164c\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs164d\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs164e\">Sextante Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs164f\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1650\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs1651\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs1652\">Stopper Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1653\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1654\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs1655\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs1656\">Stein V<span class=\"_ _92\"></span>on Liebig </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs1657\">Balears I, S.L.U. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws0 gs1658\">(VGP<span class=\"_ _92\"></span>-IB-SVL) <span class=\"_ _128\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1659\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2f ws0 gs165a\">MUR <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls30 ws2d gs165c\">T<span class=\"_ _333\"> </span><span class=\"_ _14\"></span>rufa Energy<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs165d\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs165e\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs165f\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs1660\">VERBUND Green<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs1661\">P<span class=\"_ _92\"></span>ower V<span class=\"_ _14\"></span>alderrama,<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls20 ws21 gs1662\">S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls7b ws0 gs1663\">V<span class=\"_ _92\"></span>AL) <span class=\"_ _112\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1664\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs1665\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs1666\">V<span class=\"_ _92\"></span>olateo Solar<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1667\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1668\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs1669\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs166a\">Zelanda Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs166b\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs166c\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls28 ws0 gs166d\">GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs166e\">Zuncho Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs166f\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1670\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs1671\">TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs1672\">VERBUND Green<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs1673\">P<span class=\"_ _92\"></span>ower Albania<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs1674\">Sh.p.k. <span class=\"_ _303\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16d\"> </span><span class=\"ls1d\">Tirana <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31\"><span class=\"ls1d\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls102 ws31a gs1675\">PV Invest Project 3<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs1676\">S.R.L.  <span class=\"_ _2c0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _183\"> </span><span class=\"ls33\">Sternatia <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31 ws0\"><span class=\"ls33\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span></div><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws7e4 gs1677\">Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs1678\">  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls106 ws0 gs1679\">Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head-<span class=\"_ _333\"> </span></span><span class=\"ff2f fc4 ls1d\"> </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls61 ws0 gs167a\">quarters<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws0 gs167b\">Consoli-<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls37 ws0 gs167c\">dation<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lsca ws0 gs167d\">method<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs167e\">P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls24 ws0 gs167f\">company<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs1680\">P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1c ws0 gs1681\">com-<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls28 ws0 gs1682\">pany's<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws35e gs1683\">share of<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gs1684\">equity<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs1685\">Head-<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs1686\">quarters<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs1687\">Consoli-<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs1688\">dation<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws0 gs1689\">method<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs168a\">P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws0 gs168b\">company<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs168c\">P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws0 gs168d\">com-<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls28 ws0 gs168e\">pany's<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs168f\">share of<span class=\"_ _333\"> </span> </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs1690\">equity<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27d wsbfa gs1691\">VERBUND AG<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27e wsbfb gs1692\">(VH)\u2013  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls46 ws45 gs1693\">Sales activities <span class=\"_ _68\"> </span><span class=\"fc4 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ws0\"><span class=\"lscc\"><span class=\"ls31\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs1694\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc\"><span class=\"ls31\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs1695\">VERBUND<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws0 gs1696\">Energy4Business<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs1697\">Germany GmbH <span class=\"_ _190\"> </span><span class=\"fc4 ls59 ws0\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls59 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws0 gs1698\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs1699\">VERBUND<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws0 gs169a\">Energy4Business<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5b ws5c gs169b\">GmbH (VEB) <span class=\"_ _5b\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs169c\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs169d\">VERBUND<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls74 ws0 gs169e\">Energy4Customer<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5b ws5c gs169f\">GmbH (VEC) <span class=\"_ _59\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _177\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs16a0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs16a1\">VERBUND<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs16a2\">Energy4Flex G<span class=\"_ _92\"></span>mbH <span class=\"_ _17\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs16a3\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws0 gs16a4\">VERBUND<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws0 gs16a5\">Energy4Future<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2f ws0 gs16a6\">GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs16a7\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls9c ws190 gs16a8\">SMA<span class=\"_ _14\"></span>TRICS GmbH<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs16a9\">&amp; Co KG <span class=\"_ _46\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs16aa\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">74.90 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls37 ws36\"> </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws25e gs16ab\">SMA<span class=\"_ _14\"></span>TRICS EnBW<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2f ws0 gs16ac\">GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls62\"><span class=\"ls2f\"> </span></span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls27 ws0 gs16ad\">SMA-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls31 ws0 gs16ae\">TRICS <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs16af\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span><span class=\"ls2f\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs16b0\">SMATRIC<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls59 ws5a gs16b1\">S GmbH<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f ws20 gs16b2\">&amp; Co KG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs16b3\">VERBUND T<span class=\"_ _14\"></span>rading<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2f ws2c gs16b4\">Romania S.R.L.  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs16b5\">in liquidation<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1d ws0 gs16b6\">Bucha-<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls60 ws0 gs16b7\">rest <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span><span class=\"ls0\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5a ws0 gs16b8\">VEB<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs16b9\">VH<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs16ba\">99.00 %<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls5b ws5c gs16bb\">1.00 %<span class=\"_ _333\"> </span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs16bc\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "13.4<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"lsef ws877\">Subsidiaries, joint ventures and associates of VERBUND<span class=\"_ _333\"> </span></span>The following list of Group<span class=\"_ _92\"></span> compan<span class=\"ls64 ws3fb\">ies prepared in accor<span class=\"_ _92\"></span>dance with <span class=\"ls96 ws631\">Section 245a(1) in conjunction with </span></span>Section 265(2) <span class=\"_ _2fe\"> </span>Austrian <span class=\"_ _83\"> </span>Commercial<span class=\"ls26 ws19d\"> Code (UGB) comprises VERBUND\u2019<span class=\"_ _14\"></span><span class=\"lsa2 ws76e\">s subsidiaries<span class=\"_ _92\"></span>, joint ventures </span></span>and associates<span class=\"_ _92\"></span>. In addition, this list also in<span class=\"_ _92\"></span>cludes unconsolidated subsidiaries and other jo<span class=\"_ _92\"></span>int venture<span class=\"_ _92\"></span>s and equity inter<span class=\"_ _92\"></span>ests of VERBUND not accounted for<span class=\"_ _92\"></span> using the equity method with an inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st of \u2265 20<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND AG  (VH) \u2013 Hydro <span class=\"_ _50\"> </span><span class=\"fc4 ls1ab ws0\">Wien <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _4f\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span></span></span></span>Innwerk AG  (VHP<span class=\"_ _14\"></span>-IW) Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Stamm- ham CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>VERBUND Hydro Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VHP) <span class=\"_ _58\"> </span><span class=\"fc4 ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">80.54 % <span class=\"_ _1e\"> </span></span></span></span></span><span class=\"ls62\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.54 % </span></span></span></span>VERBUND Innkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _1d4\"> </span><span class=\"fc4 ls37\">T\u00f6ging <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span></span></span><span class=\"ws36\">70.27 % <span class=\"_ _218\"> </span></span><span class=\"fc0\">T\u00f6ging <span class=\"_ _39\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span></span></span><span class=\"ws36\">70.27 % </span></span></span>Donaukraftwerk Jochenstein Aktiengese<span class=\"_ _43\"></span>llschaft Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Passau <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span>VH VHP-IW 50.00 % 50.00 % Grenzkraftwerk<span class=\"_ _92\"></span>e GmbH <span class=\"_ _16e\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % \u00d6sterreichisch-<span class=\"_ _333\"> </span>Bay<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>rische Kraftwerk<span class=\"_ _92\"></span>e Aktiengese<span class=\"_ _43\"></span>llschaft <span class=\"_ _216\"> </span><span class=\"fc4 ls62\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % <span class=\"_ _278\"> </span><span class=\"fc0 ls62 ws0\">Simbach <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS </span></span>VH VHP-IW 50.00 % 50.00 % Ennskraftwerke Aktiengese<span class=\"_ _43\"></span>llschaft Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _94\"> </span></span></span></span><span class=\"fc0\">Steyr <span class=\"_ _2d4\"> </span><span class=\"ls1d\">JO <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH &amp; Co KG <span class=\"_ _bd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Kraftwerk Nu\u00dfdorf Errichtungs- und Betriebs GmbH <span class=\"_ _7\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">33.33 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">33.33 % </span></span>Ashta Beteiligungs-<span class=\"_ _333\"> </span>verwaltung GmbH  (VHP<span class=\"_ _92\"></span>-AL<span class=\"_ _14\"></span>-HII) Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _21b\"> </span><span class=\"ls37 ws36\">50.01 % <span class=\"_ _1e\"> </span></span><span class=\"fc0 ls62\">Vienna <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">50.01 % </span></span>Energji Ashta Shpk  <span class=\"_ _187\"> </span><span class=\"fc4 ls1d ws0\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span><span class=\"fc0 ls1d\">Bushat <span class=\"_ _6\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></span>1<span class=\"_ _333\"> </span>VHP-AL-<span class=\"_ _333\"> </span>HII <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lestin T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen Gesellschaft m.b.H. (LESTIN) <span class=\"_ _179\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _1e\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span>Segment: Hydr<span class=\"_ _92\"></span>o <span class=\"_ _2ff\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _300\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _301\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity Lestin &amp; Co. T<span class=\"_ _14\"></span>auch- und Bergungs- unternehmen GmbH  in liquidation Passau <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _187\"> </span><span class=\"lscc\">LESTIN <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _59\"> </span>\u2013 <span class=\"_ _b8\"> </span>\u2013 <span class=\"_ _2c\"> </span>\u2013 </span></span></span>Murkraftwerk Graz Errichtungs- und BetriebsgmbH <span class=\"_ _59\"> </span><span class=\"fc4 ls2f\">Gra<span class=\"_ _43\"></span>z <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span></span>VHP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">25.10 % <span class=\"_ _185\"> </span></span><span class=\"fc0\">Graz <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span></span>VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">25.10 % </span></span></span>VERBUND T<span class=\"_ _14\"></span>ourismus GmbH <span class=\"_ _94\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % <span class=\"_ _218\"> </span><span class=\"fc0 ls62 ws0\">Vienna <span class=\"_ _7\"> </span><span class=\"ls0\">UC </span></span>VHP  LESTIN 99.90 %  0.10 % Manara HPP Operation Ltd. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _4f\"> </span>\u2013 <span class=\"_ _219\"> </span><span class=\"fc0 ls59\">Tel-Aviv <span class=\"_ _7\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _275\"> </span><span class=\"ls37 ws36\">80.00 %<span class=\"_ _333\"> </span></span></span></span></span>Seg<span class=\"_ _43\"></span>men<span class=\"_ _43\"></span>t: N<span class=\"_ _43\"></span>ew renewab<span class=\"_ _43\"></span>le<span class=\"_ _43\"></span>s <span class=\"_ _302\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _c2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1cb\"> </span><span class=\"fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND Wind P<span class=\"_ _92\"></span>ower A<span class=\"_ _92\"></span>ustria GmbH (VRP<span class=\"_ _92\"></span>-A<span class=\"_ _92\"></span>T) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland GmbH (VGP<span class=\"_ _92\"></span>-DE) W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VGP) <span class=\"_ _18e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _b\"> </span></span></span></span></span><span class=\"ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> I<span class=\"_ _63\"></span>b<span class=\"_ _63\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>a<span class=\"_ _43\"></span>,<span class=\"_ _63\"></span> S.L.U. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Wind P<span class=\"_ _92\"></span>ower Romania SRL Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Windpark Dichtelbach GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></span>Infrastruktur Oberheimbach I GmbH &amp; Co. KG W\u00f6rr- stadt CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>W\u00f6rr- stadt CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>Infrastrukturgesell- schaft Bischheim GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">65.29 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.60 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland Photovoltaik GmbH Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W<span class=\"_ _92\"></span>att Development SPV 5 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL1) Pinos Puente CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 6 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL2) Pinos Puente <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _17f\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 7 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL3) <span class=\"_ _10d\"> </span><span class=\"fc4\">Valencia <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span></span></span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws387 gs1545\">I<span class=\"_ _333\"> </span>nfraestructuras de </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs1546\">Illora S.L. </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls33 ws0 gs1547\">Barce-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs1548\">lona <span class=\"_ _8\"> </span>UC </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1b ws0 gs1549\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls48 ws0 gs154a\">IL1 </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1b ws0 gs154b\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls48 ws0 gs154c\">IL2 </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1b ws0 gs154d\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls48 ws0 gs154e\">IL3 </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs154f\">20.00 % </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs1550\">20.00 % </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls37 ws36 gs1551\">20.00 % <span class=\"_ _16\"> </span><span class=\"fc0 ls60 ws0\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1552\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls48 ws0 gs1553\">IL1 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1554\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls48 ws0 gs1555\">IL2 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1556\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls48 ws0 gs1557\">IL3 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs1558\">20.00 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs1559\">20.00 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs155a\">20.00 % </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws0 gs155b\">SOLA<span class=\"_ _92\"></span>VOL<span class=\"_ _14\"></span>T<span class=\"_ _92\"></span>A </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1e ws1f gs155c\">Energie- und </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws0 gs155d\">Umwelttechnik </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2f ws0 gs155e\">GmbH </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls25 ws0 gs155f\">Sankt </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls24 ws0 gs1560\">Marga- </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls2c ws1b gs1561\">rethen im </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1c ws0 gs1562\">Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h10 ff2a fs9 fc4 sc0 ls0 ws0 gs1563\">1</div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls0 ws0 gs1564\"> <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws0 gs1565\">Sankt </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws0 gs1566\">Marga- </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws1b gs1567\">rethen im </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws0 gs1568\">Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span></div><div class=\"t m0 h10 ff2a fs9 fc0 sc0 ls0 ws0 gs1569\">1</div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls0 ws0 gs156a\"> <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs156b\">P<span class=\"_ _92\"></span>arque E\u00f3lico </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls21 ws22 gs156c\">Ay<span class=\"_ _92\"></span>amonte S.L. <span class=\"_ _55\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs156d\">P<span class=\"_ _92\"></span>arque E\u00f3lico </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws64 gs156e\">Buseco S.L. <span class=\"_ _162\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5e ws0 gs156f\">Pozuelo </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ef ws0 gs1570\">de </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs1571\">Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs1572\">P<span class=\"_ _92\"></span>arque E\u00f3lico El </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs1573\">Barroso S.L. <span class=\"_ _1d4\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5e ws0 gs1574\">Pozuelo </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ef ws0 gs1575\">de </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs1576\">Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls37 ws36 gs1577\">P<span class=\"_ _92\"></span>arque E\u00f3lico </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls26 ws26 gs1578\">Loma de los Pinos </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws0 gs1579\">S.L. <span class=\"_ _d4\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5e ws0 gs157a\">Pozuelo </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ef ws0 gs157b\">de </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs157c\">Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws0 gs157d\">Lusitania </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2d ws33 gs157e\">Renovables S.L. <span class=\"_ _127\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5e ws0 gs157f\">Pozuelo </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ef ws0 gs1580\">de </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws0 gs1581\">Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs1582\">Anselma Issuer<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2b ws29 gs1583\">S.A. (VGP<span class=\"_ _92\"></span>-IB-ANI) <span class=\"_ _69\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27 ws27 gs1584\">T<span class=\"_ _14\"></span>opacio Energy<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1585\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1c ws1d gs1586\">Catalpa Solar<span class=\"_ _14\"></span>, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs1587\">S.L.U.  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsc9 ws0 gs1588\">(VGP<span class=\"_ _92\"></span>-IB-CAS) <span class=\"_ _f1\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gs1589\">T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _92\"></span>, S.L.U. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5c ws0 gs158a\">(VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _14\"></span>TES) <span class=\"_ _ba\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls5d ws5e gs158b\">VERBUND Green </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls103 ws31b gs158c\">P<span class=\"_ _92\"></span>ower<span class=\"_ _43\"></span> Ren<span class=\"_ _43\"></span>ewab<span class=\"_ _43\"></span>le </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs158d\">Projects, S.L.U. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1f3 ws0 gs158e\">(VGP<span class=\"_ _92\"></span>-IB-GRP) <span class=\"_ _f1\"> </span><span class=\"fc4\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs158f\">Sica Desarrollos </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs1590\">Cuerva, S.L.U. <span class=\"_ _54\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ws0\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1591\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs1592\">ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs1593\">Sica Desarrollos </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls25 ws25 gs1594\">Los Navalmorales, </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws0 gs1595\">S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs1596\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs1597\">ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs1598\">Sica Desarrollos </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws32 gs1599\">Albarreal, S.L.U. <span class=\"_ _16a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs159a\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs159b\">ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs159c\">Sica Desarrollos </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls32 ws2e gs159d\">T<span class=\"_ _14\"></span>otan\u00e9s, S.L.U. </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lscc ws0 gs159e\">(VGP<span class=\"_ _92\"></span>-IB-SDC) <span class=\"_ _154\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span></span>CS </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs159f\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls2c ws0 gs15a0\">ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls27c ws0 gs15a1\">To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span>\u00e9<span class=\"_ _81\"></span>s<span class=\"_ _63\"></span> </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls34 ws0 gs15a2\">Infraestructuras </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls60 ws61 gs15a3\">Comunes, S.L. <span class=\"_ _18d\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1b ws0 gs15a4\">VGP-IB-<span class=\"_ _333\"> </span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws0 gs15a5\">SDC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">38.89 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span></div>Murcia Solar P<span class=\"_ _92\"></span>ark GmbH  (VGP<span class=\"_ _92\"></span>-IB-MUR) <span class=\"_ _123\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls1a\">Berlin <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baluma Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baviera Energy<span class=\"_ _80\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Blacky Energy<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-BLA) <span class=\"_ _e3\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Bolardo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Boyante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Braganza Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cairo Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Camareta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Carmesi Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cenida Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Comunidad de Bienes del Huerto Solar del Hinojar<span class=\"_ _14\"></span>, C.B. <span class=\"_ _2d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls2c\">Lorca <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>SVL <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">92.72 % </span>Cornamusa Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cruceta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cyopsa El Molino Energia Eolica, S.A.U. <span class=\"_ _1d8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>BLA <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Musas, S.L.U. <span class=\"_ _24c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _1f\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Ofion, S.L.U. (VGP<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>IB-ERO) <span class=\"_ _25\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Faballones Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Feanor Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Galadrien Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>Helice Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Imai Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _11b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Koe Ene<span class=\"_ _92\"></span>rgy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _66\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lima Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Miriel Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _4a\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Mosqueton Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Nairobi Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Natera Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Obenque Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orion Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _a5\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orla Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _3c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>anol Solar<span class=\"_ _92\"></span>, S.L. <span class=\"_ _127\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">51.00 % </span>P<span class=\"_ _92\"></span>enalara Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>erdiguero Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>eregrino Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>osets Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Radar Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Reclamo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rehala Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rotor Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sentina Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sextante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stopper Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stein V<span class=\"_ _92\"></span>on Liebig Balears I, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SVL) <span class=\"_ _128\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>MUR <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>T<span class=\"_ _333\"> </span><span class=\"_ _14\"></span>rufa Energy<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower V<span class=\"_ _14\"></span>alderrama,<span class=\"_ _333\"> </span> S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>AL) <span class=\"_ _112\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>V<span class=\"_ _92\"></span>olateo Solar<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zelanda Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zuncho Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower Albania<span class=\"_ _333\"> </span> Sh.p.k. <span class=\"_ _303\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16d\"> </span><span class=\"ls1d\">Tirana <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31\"><span class=\"ls1d\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>PV Invest Project 3<span class=\"_ _333\"> </span> S.R.L.  <span class=\"_ _2c0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _183\"> </span><span class=\"ls33\">Sternatia <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31 ws0\"><span class=\"ls33\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head-<span class=\"_ _333\"> </span></span><span class=\"ff2f fc4 ls1d\"> </span>quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> Head-<span class=\"_ _333\"> </span> quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> VERBUND AG<span class=\"_ _333\"> </span> (VH)\u2013  Sales activities <span class=\"_ _68\"> </span><span class=\"fc4 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ws0\"><span class=\"lscc\"><span class=\"ls31\"> </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc\"><span class=\"ls31\"> </span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> Germany GmbH <span class=\"_ _190\"> </span><span class=\"fc4 ls59 ws0\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls59 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> GmbH (VEB) <span class=\"_ _5b\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Customer<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span> GmbH (VEC) <span class=\"_ _59\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _177\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Flex G<span class=\"_ _92\"></span>mbH <span class=\"_ _17\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Future<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _46\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">74.90 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls37 ws36\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS EnBW<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls62\"><span class=\"ls2f\"> </span></span>SMA-<span class=\"_ _333\"> </span>TRICS <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span><span class=\"ls2f\"> </span>SMATRIC<span class=\"_ _333\"> </span>S GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>VERBUND T<span class=\"_ _14\"></span>rading<span class=\"_ _333\"> </span> Romania S.R.L.  in liquidation<span class=\"_ _333\"> </span> Bucha-<span class=\"_ _333\"> </span> rest <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span><span class=\"ls0\"> </span>VEB<span class=\"_ _333\"> </span> VH<span class=\"_ _333\"> </span> 99.00 %<span class=\"_ _333\"> </span> 1.00 %<span class=\"_ _333\"> </span> \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span><div class=\"t m0 hd ff2b fs6 fc0 sc0 lsea ws7e4 gs16be\">Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span></div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls31 ws0 gs16bf\">  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span></div><div class=\"t m0 he ff2b fs8 fc0 sc0 ls106 ws0 gs16c0\">Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span></div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls61 ws0 gs16c1\">quarters </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws0 gs16c2\">Consoli- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls37 ws0 gs16c3\">dation </div><div class=\"t m0 he ff2f fs8 fc4 sc0 lsca ws0 gs16c4\">method </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs16c5\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls24 ws0 gs16c6\">company </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1a ws0 gs16c7\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1c ws0 gs16c8\">com- </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls28 ws0 gs16c9\">pany's </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls1d ws35e gs16ca\">share of </div><div class=\"t m0 he ff2f fs8 fc4 sc0 ls0 ws0 gs16cb\">equity </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs16cc\">Head- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls61 ws0 gs16cd\">quarters </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws0 gs16ce\">Consoli- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls37 ws0 gs16cf\">dation </div><div class=\"t m0 he ff2f fs8 fc0 sc0 lsca ws0 gs16d0\">method </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs16d1\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls24 ws0 gs16d2\">company </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1a ws0 gs16d3\">P<span class=\"_ _92\"></span>arent </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1c ws0 gs16d4\">com- </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls28 ws0 gs16d5\">pany's </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls1d ws35e gs16d6\">share of </div><div class=\"t m0 he ff2f fs8 fc0 sc0 ls0 ws0 gs16d7\">equity </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs16d8\">VERBUND T<span class=\"_ _14\"></span>rading </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1a ws1c gs16d9\">Serbia d.o.o. -  </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 lsca ws25c gs16da\">u likvidaciji/ </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1d ws1e gs16db\">in liquidation </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls1a ws0 gs16dc\">Belgrade <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls31 ws0 gs16dd\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls61 ws62 gs16de\">E-Mobility Provider </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls24 ws24 gs16df\">Austria GmbH<span class=\"_ _92\"></span> </div><div class=\"t m0 hf ff2a fs8 fc4 sc0 ls62 ws0 gs16e0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls62 ws0 gs16e1\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">74.90 % </span></span></span></div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls1ab ws813 gs16e2\">smart Energy </div><div class=\"t m0 hf ff2a fs8 fc0 sc0 ls36 ws35 gs16e3\">Services GmbH <span class=\"_ _1cd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-586": {
   "value": "13.4<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"lsef ws877\">Subsidiaries, joint ventures and associates of VERBUND<span class=\"_ _333\"> </span></span>The tables belo<span class=\"_ _92\"></span>w show a summary of aggr<span class=\"_ _92\"></span>egated financial info<span class=\"_ _92\"></span>r<span class=\"_ _43\"></span>mation fo<span class=\"_ _92\"></span>r <span class=\"_ _43\"></span>the associates o<span class=\"_ _92\"></span>f VERBUND accounted for usin<span class=\"_ _92\"></span>g the equity method br<span class=\"_ _92\"></span>oken down according t<span class=\"_ _92\"></span>o material associates <span class=\"_ _92\"></span>and individually immaterial<span class=\"_ _92\"></span> ass<span class=\"_ _43\"></span>ociates<span class=\"_ _92\"></span>. As a general rule, the r<span class=\"_ _92\"></span>eference da<span class=\"_ _92\"></span>te for investee balance she<span class=\"_ _92\"></span>et data is 30 <span class=\"_ _88\"></span>S<span class=\"_ _43\"></span>eptember 2022 (see section <span class=\"_ _87\"></span>1.2 F<span class=\"_ _92\"></span>inancial reportin<span class=\"ls6d ws589\">g principles); the data <span class=\"ls75 ws824\">are based on disclosed </span></span>financial sta<span class=\"_ _92\"></span>tements and/or on data updat<span class=\"_ _92\"></span>ed to the best of VERBUND\u2019<span class=\"_ _14\"></span>s knowl<span class=\"_ _0\"></span>edge. Individually material associates: st<span class=\"_ _92\"></span><span class=\"lsc4 ws2b2\">atement of comprehensive i<span class=\"_ _92\"></span>n<span class=\"_ _43\"></span>come  <span class=\"_ _192\"> </span><span class=\"ff2a fs7 ls31 ws0\">\u20acm </span></span>  <span class=\"_ _221\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _127\"> </span><span class=\"ff2c fc0\">2022 </span></span>  <span class=\"_ _2f8\"> </span><span class=\"ff2f fc4 ls1a\">KELAG-K\u00e4rntner </span>Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft KELAG-K\u00e4rntner Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft Revenue <span class=\"_ _23e\"> </span><span class=\"fc4\">1,043.5 <span class=\"_ _132\"> </span></span><span class=\"ff2f ls18\">1,483.9 </span>Profit after tax <span class=\"_ _2f9\"> </span><span class=\"fc4 ls18 ws0\">154.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">134.6<span class=\"_ _92\"></span> </span></span>Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span>Profit or loss f<span class=\"_ _92\"></span>or t<span class=\"_ _43\"></span>he period attributable to VERBUND <span class=\"_ _145\"> </span><span class=\"fc4 ls18 ws0\">54.4 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">47.3 </span></span>Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.4 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls31\">43.0 </span></span></span></span>Share of prof<span class=\"_ _92\"></span>it or <span class=\"_ _43\"></span>loss from associates ac<span class=\"_ _92\"></span>counted for  using the equity method 36.0 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0 ls18\">4.3 </span>Profit after tax <span class=\"_ _2f9\"> </span><span class=\"fc4 ls18 ws0\">154.7 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">134.6<span class=\"_ _92\"></span> </span></span>Other comprehensive income  <span class=\"_ _fc\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>16.2 <span class=\"_ _12b\"> </span><span class=\"ff2f fc0 ls18\">14.5 </span></span>T<span class=\"_ _14\"></span>otal comprehensive income f<span class=\"_ _0\"></span>or the period <span class=\"_ _1db\"> </span><span class=\"fc4 ls18 ws0\">138.5 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">149.<span class=\"_ _92\"></span>1 </span></span>Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span>T<span class=\"_ _14\"></span>otal comprehensive income fo<span class=\"_ _92\"></span>r the <span class=\"_ _43\"></span>period attributable to VERBUND <span class=\"_ _24b\"> </span><span class=\"fc4 ls18 ws0\">48.7 <span class=\"_ _1a\"> </span><span class=\"ff2c fc0\">52.4 </span></span>Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>18.9 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">44.5 </span></span></span></span>T<span class=\"_ _14\"></span>otal comprehensive income f<span class=\"_ _92\"></span>or the period from associates  accounted for using the equity method <span class=\"_ _1be\"> </span><span class=\"fc4 ls18 ws0\">29.8 <span class=\"_ _24c\"> </span><span class=\"ff2c fc0\">8.0 </span></span>Dividends received from associates<span class=\"_ _92\"></span> <span class=\"_ _2cd\"> </span><span class=\"fc4 ls18 ws0\">17.6 <span class=\"_ _133\"> </span><span class=\"ff2c fc0\">21.1<span class=\"_ _333\"> </span></span></span><div class=\"t m0 h19 ff2c fs6 fc3 sc0 ls12d ws0 gs141e\">Associates </div>KEL<span class=\"_ _43\"></span>AG\u2019<span class=\"_ _92\"></span>s resolutions on the distr<span class=\"_ _43\"></span>ibution of dividends<span class=\"_ _43\"></span> must be approved with a simple majority. K\u00e4rntn<span class=\"_ _92\"></span>er Energieholding Beteiligun<span class=\"_ _92\"></span>gs GmbH holds 51 <span class=\"_ _86\"></span>% of the shar<span class=\"_ _92\"></span>es in KELAG and therefor<span class=\"_ _92\"></span>e determines their dis<span class=\"_ _92\"></span>tribution p<span class=\"_ _43\"></span>olicy. Individually material as<span class=\"ls94 ws464\">sociates: balance sheet <span class=\"_ _ae\"> </span></span><span class=\"ff2a fs7 ws0\">  <span class=\"_ _f1\"> </span><span class=\"ls31\">\u20acm </span></span>  <span class=\"_ _2fb\"> </span><span class=\"fc4 ls159\">31/12/2021 <span class=\"_ _182\"> </span></span><span class=\"ff2c ls1eb\">31<span class=\"_ _43\"></span>/12/2022 </span>  <span class=\"_ _2f8\"> </span><span class=\"ff2f fc4 ls1a\">KELAG-K\u00e4rntner </span>Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft KELAG-K\u00e4rntner Elektrizit\u00e4ts-<span class=\"_ _333\"> </span>Aktien- gesellschaft Non-current assets <span class=\"_ _2fc\"> </span><span class=\"fc4 ls0 ws0\">1,947.7 <span class=\"_ _132\"> </span><span class=\"ff2f fc0 ls18\">2,553.0 </span></span>Current assets <span class=\"_ _1d9\"> </span><span class=\"fc4 ls0 ws0\">940.3 <span class=\"_ _f3\"> </span><span class=\"ff2f fc0 ls18\">1,595.6 </span></span>Non-current liabilities <span class=\"_ _229\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>1,108.4 <span class=\"_ _10f\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,320.8 </span></span></span>Current liabilities <span class=\"_ _237\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>739.6 <span class=\"_ _10f\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">1,689.9 </span></span></span>Equity attributable to <span class=\"lscc ws0\">non-controllin<span class=\"ls2b ws29\">g interests <span class=\"_ _2fd\"> </span></span><span class=\"fc4 ls0\">\u2013<span class=\"fsa\"> </span>8.4 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">17.6 </span></span></span></span>Net assets <span class=\"_ _165\"> </span><span class=\"fc4 ls18 ws0\">1,<span class=\"_ _92\"></span>031.6 <span class=\"_ _26\"> </span><span class=\"ff2c fc0\">1,120.3 </span></span>Ownership interest of VERBUND <span class=\"_ _1e0\"> </span><span class=\"fc4 ls37 ws36\">35.17 % <span class=\"_ _26\"> </span></span><span class=\"ff2f lsdf ws858\">35.17 % </span>Net assets attributab<span class=\"_ _92\"></span>le to VERBUND <span class=\"_ _b9\"> </span><span class=\"fc4 ls18 ws0\">362.<span class=\"_ _92\"></span>8 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">394.0 </span></span>Differences due to the application of<span class=\"ls36 ws35\"> the equity method of accounting <span class=\"_ _2fa\"> </span><span class=\"fc4 ls0 ws0\">\u2013<span class=\"fsa\"> </span>72.8 <span class=\"_ _53\"> </span><span class=\"ff2f fc0\">\u2013<span class=\"fsa\"> </span><span class=\"ls18\">99.6 </span></span></span></span>Carrying amount of associates acco<span class=\"_ _92\"></span>unted for using the equity method <span class=\"_ _96\"> </span><span class=\"fc4 ls18 ws0\">289.9 <span class=\"_ _51\"> </span><span class=\"ff2c fc0\">294.3<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18 ws0\"><span class=\"ff2c fc0\"><span class=\"_ _92\"></span> </span></span>The following list of Group<span class=\"_ _92\"></span> compan<span class=\"ls64 ws3fb\">ies prepared in accor<span class=\"_ _92\"></span>dance with <span class=\"ls96 ws631\">Section 245a(1) in conjunction with </span></span>Section 265(2) <span class=\"_ _2fe\"> </span>Austrian <span class=\"_ _83\"> </span>Commercial<span class=\"ls26 ws19d\"> Code (UGB) comprises VERBUND\u2019<span class=\"_ _14\"></span><span class=\"lsa2 ws76e\">s subsidiaries<span class=\"_ _92\"></span>, joint ventures </span></span>and associates<span class=\"_ _92\"></span>. In addition, this list also in<span class=\"_ _92\"></span>cludes unconsolidated subsidiaries and other jo<span class=\"_ _92\"></span>int venture<span class=\"_ _92\"></span>s and equity inter<span class=\"_ _92\"></span>ests of VERBUND not accounted for<span class=\"_ _92\"></span> using the equity method with an inter<span class=\"_ _92\"></span>e<span class=\"_ _43\"></span>st of \u2265 20<span class=\"_ _333\"> </span>.<span class=\"_ _333\"> </span>Seg<span class=\"_ _43\"></span>men<span class=\"_ _43\"></span>t: N<span class=\"_ _43\"></span>ew renewab<span class=\"_ _43\"></span>le<span class=\"_ _43\"></span>s <span class=\"_ _302\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _c2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _1cb\"> </span><span class=\"fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _9c\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany\u2019<span class=\"_ _92\"></span>s share of equity VERBUND Wind P<span class=\"_ _92\"></span>ower A<span class=\"_ _92\"></span>ustria GmbH (VRP<span class=\"_ _92\"></span>-A<span class=\"_ _92\"></span>T) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _41\"> </span><span class=\"ls2f\">VHP <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls2f\">VHP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland GmbH (VGP<span class=\"_ _92\"></span>-DE) W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> G<span class=\"_ _63\"></span>m<span class=\"_ _63\"></span>b<span class=\"_ _43\"></span>H<span class=\"_ _63\"></span> (VGP) <span class=\"_ _18e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _b\"> </span></span></span></span></span><span class=\"ls1ab\">Wien <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> I<span class=\"_ _63\"></span>b<span class=\"_ _63\"></span>e<span class=\"_ _43\"></span>r<span class=\"_ _63\"></span>i<span class=\"_ _63\"></span>a<span class=\"_ _43\"></span>,<span class=\"_ _63\"></span> S.L.U. \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Wind P<span class=\"_ _92\"></span>ower Romania SRL Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Bucha- rest <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Windpark Dichtelbach GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _119\"> </span></span><span class=\"fc0 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 </span></span></span>Infrastruktur Oberheimbach I GmbH &amp; Co. KG W\u00f6rr- stadt CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>W\u00f6rr- stadt CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">85.00 % </span></span>Infrastrukturgesell- schaft Bischheim GmbH &amp; Co. KG W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">65.29 % </span></span></span>W\u00f6rr- stadt <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">80.60 % </span></span></span>VERBUND Green Po<span class=\"_ _43\"></span>w<span class=\"_ _43\"></span>e<span class=\"_ _63\"></span>r<span class=\"_ _43\"></span> Deutschland Photovoltaik GmbH Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Sch\u00f6ne-<span class=\"_ _333\"> </span>feld <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>W<span class=\"_ _92\"></span>att Development SPV 5 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL1) Pinos Puente CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 6 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL2) Pinos Puente <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _17f\"> </span></span><span class=\"fc0 ls60\">Madrid <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span></span>W<span class=\"_ _92\"></span>att Development SPV 7 S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-IL3) <span class=\"_ _10d\"> </span><span class=\"fc4\">Valencia <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % <span class=\"_ _16\"> </span></span></span></span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span>I<span class=\"_ _333\"> </span>nfraestructuras de Illora S.L. Barce-<span class=\"_ _333\"> </span>lona <span class=\"_ _8\"> </span>UC VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % <span class=\"_ _16\"> </span><span class=\"fc0 ls60 ws0\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span>VGP-IB-<span class=\"_ _333\"> </span>IL1 VGP-IB-<span class=\"_ _333\"> </span>IL2 VGP-IB-<span class=\"_ _333\"> </span>IL3 20.00 % 20.00 % 20.00 % SOLA<span class=\"_ _92\"></span>VOL<span class=\"_ _14\"></span>T<span class=\"_ _92\"></span>A Energie- und Umwelttechnik GmbH Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>Sankt Marga- rethen im Bgld. <span class=\"_ _7\"> </span><span class=\"ls31\">EM<span class=\"_ _333\"> </span></span>1 <span class=\"_ _17c\"> </span><span class=\"ls29\">VGP <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">50.00 % </span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Ay<span class=\"_ _92\"></span>amonte S.L. <span class=\"_ _55\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Buseco S.L. <span class=\"_ _162\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico El Barroso S.L. <span class=\"_ _1d4\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>P<span class=\"_ _92\"></span>arque E\u00f3lico Loma de los Pinos S.L. <span class=\"_ _d4\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Lusitania Renovables S.L. <span class=\"_ _127\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 </span>Pozuelo de Alarc\u00f3n <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">70.00 % </span></span></span>Anselma Issuer<span class=\"_ _14\"></span>, S.A. (VGP<span class=\"_ _92\"></span>-IB-ANI) <span class=\"_ _69\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>opacio Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Catalpa Solar<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-CAS) <span class=\"_ _f1\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>T<span class=\"_ _14\"></span>ejo Solar<span class=\"_ _92\"></span>, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _14\"></span>TES) <span class=\"_ _ba\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>VERBUND Green P<span class=\"_ _92\"></span>ower<span class=\"_ _43\"></span> Ren<span class=\"_ _43\"></span>ewab<span class=\"_ _43\"></span>le Projects, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-GRP) <span class=\"_ _f1\"> </span><span class=\"fc4\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>Sica Desarrollos Cuerva, S.L.U. <span class=\"_ _54\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ws0\">Madrid <span class=\"_ _7\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Los Navalmorales, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos Albarreal, S.L.U. <span class=\"_ _16a\"> </span><span class=\"fc4 ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"fc0 ls60\">Madrid <span class=\"_ _6\"> </span><span class=\"lscc\">CS </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sica Desarrollos T<span class=\"_ _14\"></span>otan\u00e9s, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SDC) <span class=\"_ _154\"> </span><span class=\"fc4 ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span></span><span class=\"ls60\">Madrid <span class=\"_ _6\"> </span></span>CS VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>To<span class=\"_ _63\"></span>t<span class=\"_ _81\"></span>a<span class=\"_ _81\"></span>n<span class=\"_ _81\"></span>\u00e9<span class=\"_ _81\"></span>s<span class=\"_ _63\"></span> Infraestructuras Comunes, S.L. <span class=\"_ _18d\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>SDC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">38.89 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>Murcia Solar P<span class=\"_ _92\"></span>ark GmbH  (VGP<span class=\"_ _92\"></span>-IB-MUR) <span class=\"_ _123\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls1a\">Berlin <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>ANI <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baluma Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Baviera Energy<span class=\"_ _80\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Blacky Energy<span class=\"_ _14\"></span>, S.L.U.  (VGP<span class=\"_ _92\"></span>-IB-BLA) <span class=\"_ _e3\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Bolardo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Boyante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Braganza Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cairo Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Camareta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Carmesi Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cenida Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Comunidad de Bienes del Huerto Solar del Hinojar<span class=\"_ _14\"></span>, C.B. <span class=\"_ _2d\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _17c\"> </span><span class=\"ls2c\">Lorca <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>SVL <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">92.72 % </span>Cornamusa Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cruceta Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Cyopsa El Molino Energia Eolica, S.A.U. <span class=\"_ _1d8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>BLA <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Musas, S.L.U. <span class=\"_ _24c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _1f\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Energias Renovables de Ofion, S.L.U. (VGP<span class=\"_ _92\"></span>-<span class=\"_ _333\"> </span>IB-ERO) <span class=\"_ _25\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>VAL <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Faballones Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Feanor Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Galadrien Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>Helice Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Imai Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _11b\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span></span></span>UC VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Koe Ene<span class=\"_ _92\"></span>rgy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _66\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Lima Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Miriel Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _4a\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Mosqueton Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Nairobi Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Natera Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Obenque Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orion Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _a5\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Orla Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _3c\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>anol Solar<span class=\"_ _92\"></span>, S.L. <span class=\"_ _127\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">51.00 % </span>P<span class=\"_ _92\"></span>enalara Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>erdiguero Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>eregrino Solar<span class=\"_ _92\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>P<span class=\"_ _92\"></span>osets Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>CAS <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Radar Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Reclamo Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rehala Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Rotor Energy<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sentina Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Sextante Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stopper Solar<span class=\"_ _14\"></span>, S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span>Stein V<span class=\"_ _92\"></span>on Liebig Balears I, S.L.U. (VGP<span class=\"_ _92\"></span>-IB-SVL) <span class=\"_ _128\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>MUR <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span>T<span class=\"_ _333\"> </span><span class=\"_ _14\"></span>rufa Energy<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span>S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower V<span class=\"_ _14\"></span>alderrama,<span class=\"_ _333\"> </span> S.L.U. (VGP<span class=\"_ _92\"></span>-IB-<span class=\"_ _333\"> </span>V<span class=\"_ _92\"></span>AL) <span class=\"_ _112\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>V<span class=\"_ _92\"></span>olateo Solar<span class=\"_ _92\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zelanda Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>GRP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>Zuncho Solar<span class=\"_ _14\"></span>,<span class=\"_ _333\"> </span> S.L.U. <span class=\"_ _1a8\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16\"> </span><span class=\"ls60\">Madrid <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span></span></span><span class=\"ls31\"><span class=\"ls60\"><span class=\"ls0\"> </span></span></span>VGP-IB-<span class=\"_ _333\"> </span>TES <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span><span class=\"ls102 ws31a\"> </span>VERBUND Green<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>ower Albania<span class=\"_ _333\"> </span> Sh.p.k. <span class=\"_ _303\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _16d\"> </span><span class=\"ls1d\">Tirana <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _12c\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31\"><span class=\"ls1d\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>PV Invest Project 3<span class=\"_ _333\"> </span> S.R.L.  <span class=\"_ _2c0\"> </span><span class=\"ls31 ws0\">\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _183\"> </span><span class=\"ls33\">Sternatia <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _185\"> </span><span class=\"ls29\">VGP <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span></span><span class=\"ls31 ws0\"><span class=\"ls33\"><span class=\"ls0\"><span class=\"ls29\"><span class=\"ls102 ws31a\"> </span></span></span></span></span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span><span class=\"ff2a fs7 ls0 ws0\"> </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls18\"><span class=\"ff2c fc0\"> </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head-<span class=\"_ _333\"> </span></span><span class=\"ff2f fc4 ls1d\"> </span>quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> Head-<span class=\"_ _333\"> </span> quarters<span class=\"_ _333\"> </span> Consoli-<span class=\"_ _333\"> </span> dation<span class=\"_ _333\"> </span> method<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> company<span class=\"_ _333\"> </span> P<span class=\"_ _92\"></span>arent<span class=\"_ _333\"> </span> com-<span class=\"_ _333\"> </span> pany's<span class=\"_ _333\"> </span> share of<span class=\"_ _333\"> </span> equity<span class=\"_ _333\"> </span> VERBUND AG<span class=\"_ _333\"> </span> (VH)\u2013  Sales activities <span class=\"_ _68\"> </span><span class=\"fc4 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _5a\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _119\"> </span>\u2013<span class=\"_ _333\"> </span></span></span></span><span class=\"fc4 ws0\"><span class=\"lscc\"><span class=\"ls31\"> </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _119\"> </span><span class=\"ls31\">\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span></span></span><span class=\"lscc\"><span class=\"ls31\"> </span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> Germany GmbH <span class=\"_ _190\"> </span><span class=\"fc4 ls59 ws0\">Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls59 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Munich <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Business<span class=\"_ _333\"> </span> GmbH (VEB) <span class=\"_ _5b\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Customer<span class=\"_ _92\"></span>s<span class=\"_ _333\"> </span> GmbH (VEC) <span class=\"_ _59\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _7\"> </span><span class=\"ls0\">VH <span class=\"_ _177\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls0\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Flex G<span class=\"_ _92\"></span>mbH <span class=\"_ _17\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>VERBUND<span class=\"_ _333\"> </span> Energy4Future<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _46\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _1e3\"> </span><span class=\"ls102 ws31a\">100.00 %<span class=\"_ _333\"> </span></span></span></span></span><span class=\"fc4 ls62 ws0\"><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls102 ws31a\"> </span></span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">74.90 %<span class=\"_ _333\"> </span></span></span></span><span class=\"lscc\"><span class=\"ls5a\"><span class=\"ls37 ws36\"> </span></span></span>SMA<span class=\"_ _14\"></span>TRICS EnBW<span class=\"_ _333\"> </span> GmbH <span class=\"_ _9e\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span></span><span class=\"fc4 ls62\"><span class=\"ls2f\"> </span></span>SMA-<span class=\"_ _333\"> </span>TRICS <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM<span class=\"_ _333\"> </span></span><span class=\"ls2f\"> </span>SMATRIC<span class=\"_ _333\"> </span>S GmbH<span class=\"_ _333\"> </span> &amp; Co KG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">49.00 %<span class=\"_ _333\"> </span></span><span class=\"ls37 ws36\"> </span>VERBUND T<span class=\"_ _14\"></span>rading<span class=\"_ _333\"> </span> Romania S.R.L.  in liquidation<span class=\"_ _333\"> </span> Bucha-<span class=\"_ _333\"> </span> rest <span class=\"_ _8\"> </span><span class=\"ls0\">UC<span class=\"_ _333\"> </span></span><span class=\"ls0\"> </span>VEB<span class=\"_ _333\"> </span> VH<span class=\"_ _333\"> </span> 99.00 %<span class=\"_ _333\"> </span> 1.00 %<span class=\"_ _333\"> </span> \u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013<span class=\"_ _333\"> </span>Segment: Sales <span class=\"_ _304\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity VERBUND T<span class=\"_ _14\"></span>rading Serbia d.o.o. -  u likvidaciji/ in liquidation Belgrade <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _26\"> </span>\u2013 E-Mobility Provider Austria GmbH<span class=\"_ _92\"></span> Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEB <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">74.90 % </span></span></span>smart Energy Services GmbH <span class=\"_ _1cd\"> </span><span class=\"fc4 ls62 ws0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">50.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _147\"> </span><span class=\"ls5a\">VEC <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">50.00 % </span></span></span></span></span>Segment: Grid <span class=\"_ _305\"> </span><span class=\"ff2a fs7 ls0 ws0\">  </span>  <span class=\"_ _f2\"> </span><span class=\"fc4 ls18\">2021 <span class=\"_ _7f\"> </span><span class=\"ff2c fc0\">2022 </span></span>Company<span class=\"_ _92\"></span> <span class=\"_ _55\"> </span><span class=\"ff2f fc4 ls1d\">Head- </span>quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Head- quarters Consoli- dation method P<span class=\"_ _92\"></span>arent company P<span class=\"_ _92\"></span>arent com- pany's share of equity Austrian P<span class=\"_ _14\"></span>ower Grid AG (APG) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span>Gas Connect Austria GmbH (GC<span class=\"_ _92\"></span>A) Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _8\"> </span><span class=\"ls0\">VH <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span>Austrian Gas Grid Management AG (AGGM<span class=\"_ _92\"></span>) <span class=\"_ _17d\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _6\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">51.00 % <span class=\"_ _a8\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _2d4\"> </span><span class=\"lscc\">CS <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">51.00 % </span></span></span></span></span>T<span class=\"_ _14\"></span>rans Austria Gasleitung GmbH (T<span class=\"_ _14\"></span>AG) <span class=\"_ _126\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">15.53 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _219\"> </span><span class=\"ls37 ws36\">15.53 % </span></span></span></span></span>AGCS Gas Clearing and Settlement A<span class=\"_ _92\"></span>G Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _1e8\"> </span><span class=\"ls48\">GCA <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">23.13 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls48\">GCA <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">23.13 % </span></span></span></span>ASGM Austrian Strategic Gas Storage Manage- ment GmbH \u2013 <span class=\"_ _5a\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _119\"> </span>\u2013 <span class=\"_ _218\"> </span><span class=\"fc0 ls62\">Vienna <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _a8\"> </span><span class=\"ls31\">AGGM <span class=\"_ _22b\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span></span></span>OeMAG Abwicklungsstelle f\u00fcr \u00d6kostrom AG <span class=\"_ _190\"> </span><span class=\"fc4 ls62\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">24.40 % <span class=\"_ _218\"> </span></span></span></span><span class=\"fc0\">Vienna <span class=\"_ _21\"> </span><span class=\"ls2f\">EM <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">24.40 % </span></span></span></span></span>VUM V<span class=\"_ _92\"></span>erfahren Umwelt Manage- ment GmbH Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _276\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Klagen- furt <span class=\"_ _8\"> </span>UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _258\"> </span><span class=\"ls102 ws31a\">100.00 % </span></span>Equigy B.<span class=\"_ _14\"></span>V<span class=\"_ _14\"></span>. Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _37\"> </span><span class=\"ls1d\">APG <span class=\"_ _217\"> </span><span class=\"ls37 ws36\">20.00 % </span></span></span>Amster- dam <span class=\"_ _8\"> </span><span class=\"ls0\">UC <span class=\"_ _41\"> </span><span class=\"ls1d\">APG <span class=\"_ _21a\"> </span><span class=\"ls37 ws36\">20.00 %<span class=\"_ _333\"> </span></span></span></span><span class=\"ls0\"><span class=\"ls1d\"><span class=\"ls37 ws36\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-53": {
   "value": "13.5<span class=\"ff36 ls0\"> <span class=\"_ _2e8\"> </span></span><span class=\"ls101 ws309\">Events after the reporting date </span>There wer<span class=\"_ _92\"></span>e no events requiring disclosur<span class=\"_ _92\"></span>e b<span class=\"ls80 wsbc6\">etween the reporting date of 31 <span class=\"_ _89\"></span>December 2022 and </span>authorisation fo<span class=\"ls70 ws204\">r issue on 16 February 2023.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-54": {
   "value": "14.<span class=\"ff36 ls0\"> <span class=\"_ _276\"> </span></span><span class=\"lsc6 ws250\">Responsibility statement of the legal representatives </span>W<span class=\"_ _92\"></span>e confirm that<span class=\"_ _92\"></span>, to the best of our<span class=\"_ _92\"></span> knowledge, th<span class=\"_ _92\"></span><span class=\"ls7e wsbfe\">e cons<span class=\"_ _43\"></span>olidated financial<span class=\"_ _43\"></span> statements of VERBUND, </span>prepar<span class=\"_ _92\"></span>ed in accordance with Internation<span class=\"_ _92\"></span>a<span class=\"_ _43\"></span>l Financ<span class=\"ls79 ws46a\">ial Reporting Standards (IFRSs) as adopted by the </span>Eur<span class=\"_ _92\"></span>opean Union, give a true and fair<span class=\"_ _92\"></span> view of the as<span class=\"ls70 ws49f\">sets and liabilities, financ<span class=\"ls99 ws2a3\">ial position and profit or </span></span>loss of VERBUND<span class=\"_ _92\"></span>.  W<span class=\"_ _92\"></span>e also confirm that, t<span class=\"_ _92\"></span>o the best of our knowl<span class=\"_ _92\"></span>edge, the Grou<span class=\"_ _92\"></span>p management r<span class=\"_ _92\"></span>eport of VERBUND presen<span class=\"_ _92\"></span>ts the development of the business<span class=\"_ _92\"></span>, performance of the business and position<span class=\"_ _92\"></span> <span class=\"_ _43\"></span>of the Gr<span class=\"_ _0\"></span>oup so as to give a true and fair<span class=\"_ _92\"></span> view of the assets and liabilit<span class=\"ls99 ws9e8\">ies, financial position and profit or loss of VERBUND, </span>and that the Gr<span class=\"_ _92\"></span>oup managemen<span class=\"_ _92\"></span>t report describes the significant risk<span class=\"_ _92\"></span>s a<span class=\"_ _43\"></span>nd uncertainties to which<span class=\"_ _92\"></span> VERBUND is exposed.  Vienna<span class=\"_ _92\"></span>, 16 February 2023 Executive Board",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5299006UDSEJCTTEJS30",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}