The standards of the International Accounting Standards Board (IASB) that were in effect on the balance sheet date have been used for the financial statements of the MVV Energie Group in accordance with International Financial Reporting Standards (IFRS).

The financial statements of fully and proportionately consolidated subsidiaries included in the financial statements of the MVV Energie Group are subject to uniform principles for accounting and valuation.

In addition to the balance sheet, the income statement as well as the statement of changes in equity according to IAS 1, the financial statements include the cash-flow statement according to IAS 7 and reporting financial information by segments according to IAS 14 as well as notes to clarify said statements.

Owing to our increased commitment to renewable energy, reporting financial information by segment was expanded to include this segment in fiscal year 2002 /03.