Page 10 - Annual Report KELAG Group 2018

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
Code).

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.