• Balance Sheet
• Income Statement
• Statement of Changes in Equity
• Segment Reporting
• Cash Flow Statement
• Notes
  • Notes to the Annual Financial Statements
    • General principles
    • Changes in accounting and valuation methods
    • Implications of new accounting standards not yet requiring application
    • Reporting entity
    • Consolidation methods
    • Currency conversion
    • Accounting and valuation principles
    • Valuation uncertainties
    • Discretionary decisions in the application of accounting and valuation methods:
    • Uncertainties involved in estimates:
  • Notes on the Balance Sheet
  • Notes on the Income Statement
  • Other Disclosures
• Audit Opinion

of the MVV Energie Group for the 2005/2006 Financial Year

General principles

The consolidated financial statements of the MVV Energie Group have been compiled pursuant to Section 315a of the German Commercial Code (HGB) in accordance with International Financial Reporting Standards (IFRS) as applicable in the EU. Application has been made of all of the standards of the International Accounting Standards Board (IASB) and interpretations of the International Financial Reporting Interpretations Committee (IFRIC) requiring mandatory application as of 30 September 2006.

The consolidated financial statements have been compiled as of the reporting date for the annual financial statements of MVV Energie AG and refer to the 2005/06 financial year (1 October 2005 to 30 September 2006). MVV Energie AG has its legal domicile in Mannheim, Germany. The MVV Energie Group acts as an energy distributor and service provider in the fields of electricity, district heating, gas, water, environmental energy and value-added services. The consolidated financial statements have been compiled in euros. Unless otherwise indicated, all amounts have been stated in thousand euros (Euro 000s).

In addition to the balance sheet and income statement, the statement of changes in equity, the segment reporting and the cash flow statement have been presented separately. The income statement has been compiled in accordance with the total cost method. In the interests of clarity, individual items have been presented in summarised form in the balance sheet and income statement and broken down and outlined separately in the notes.

The consolidated financial statements and group management report were compiled by the Executive Board and approved to be forwarded to the Supervisory Board on 27 November 2006. They were subsequently presented to the Supervisory Board for inspection.