• Balance Sheet
• Income Statement
• Statement of Changes in Equity
• Segment Report
• Cash Flow Statement
• Notes to the Consolidated Financial Statements
  • Notes to the Consolidated Financial Statements
    • General principles
    • Changes in accounting policies
    • Implications of new accounting standards not yet requiring application
    • Scope of consolidation and changes in the scope of consolidation
    • Scope of Consolidation of the MVV Energie Group
    • Consolidation methods
    • Currency translation
    • Accounting policies
    • Intangible assets
    • Property, plant and equipment
    • Investment proberty
    • Impairment of intangible assets, property, plant and equipment and investment property
    • Shareholdings recognised at equity
    • Other financial assets
    • Receivables and other assets
    • Inventories
    • Cash and cash equivalents
    • Assets and liabilities held for sale
    • Deferred taxes
    • Provisions
    • Liabilities
    • Contingent liabilities and financial obligations
    • Derivative financial instruments
    • Measurement uncertainties
    • Discretionary decisions in the application of accounting policies
    • Uncertainties involved in estimates
  • Notes on the Balance Sheet
  • Notes on the Income Statement
  • Responsibility Statement
• Directors & Officers
• Division Heads at
  MVV Energie AG¹
• The Shareholdings of the
  MVV Energie Group
• Audit Opinion
• Multi-Year Overview

General principles

The consolidated financial statements of the MVV Energie Group have been prepared pursuant to Section
315 (1) of the German Commercial Code (HGB) in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) as adopted by the EU. Full 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 2008.

The consolidated financial statements have been prepared as of the reporting date for the annual financial statements of MVV Energie AG and refer to the 2007/08 financial year (1 October 2007 to 30 September 2008). 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. Activities in the environmental energy division focus on the incineration of waste. 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 prepared 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 Executive Board of MVV Energie AG is responsible for the preparation, completeness and accuracy of the consolidated financial statements and group management report. The consolidated financial statements and group management report were prepared by the Executive Board and approved on 26 November 2008 to be forwarded to the Supervisory Board for adoption and publication. The consolidated financial statements of
MVV Energie AG (MVV Energie Group) are included in the consolidated financial statements of MVV GmbH, Mannheim, (MVV Group), which are published in the electronic Federal Official Gazette (Bundesanzeiger).