Page 10 - Annual Report KELAG Group 2018
P. 10

The  KELAG  Group  is  one  of  the  leading  energy  service  providers  in  Austria.  KELAG-Kärntner
           Elektrizitäts-Aktiengesellschaft (KELAG), the parent company of the Group, is active across Austria
           in  the  fields  of  electricity  and  natural  gas,  with  a  focus  on  Carinthia. The  subsidiary  KELAG
           Energie & Wärme GmbH operates successfully in the heat business throughout Austria. The grids
           in Carinthia (electricity and natural gas) are operated by the subsidiary KNG-Kärnten Netz GmbH.
           The hydroelectric and wind power activities and energy trading outside Austria are bundled at KI-
           KELAG International GmbH.

           The KELAG Group has decades of experience in the production, distribution and sale of energy.

           KELAG based at Arnulfplatz 2, A-9020 Klagenfurt am Wörthersee, and registered at the State and
           Commercial Court of Klagenfurt under the number 99133i, and its subsidiaries constitute the
           KELAG Group; the following consolidated financial statements for the financial year 2018 have an
           exempting effect in accordance with the provisions under Sec. 245a UGB (Austrian Commercial

           Information on its ultimate parent, KEH-Kärntner Energieholding Beteiligungs GmbH (KEH), is
           presented in the section on related parties.

           The consolidated financial statements of KELAG were prepared in accordance with International
           Financial Reporting Standards (IFRSs) as adopted by the European Union and take the additional
           requirements in Sec. 245a UGB into account.
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