Annual Report 2000

Flughafen Wien AG

EUROPE´S BEST ADRESS Key Data on the Flughafen Wien Group

Industry Indicators 2000 Change 1999 1999 1998 in %

MTOW1) (in mill. tonnes) 5.3 6.6 5.0 5.0 4.7 Passengers (in mill.) 11.9 6.6 11.2 11.2 10.6 Transfer passengers (in mill.) 3.4 9.3 3.1 3.1 2.8 Flight movements 186,469 8.6 171,682 171,682 165,242 Cargo (air cargo and trucking; in tonnes) 180,667 12.1 161,238 161,238 150,123

IAS HGB

Financial Indicators 2000 Change 1999 1999 1998 (Amounts in € mill., excl. employees) in %

Total turnover 327.4 4.7 312.6 312.6 316.5 Thereof Airport 137.4 4.0 132.1 Thereof Handling 117.9 8.9 108.3 Thereof Non-Aviation 71.7 – 0.4 72.0 EBIT 93.1 4.0 89.5 84.1 65.6 EBIT-Margin2) 27.9 – 1.2 28.2 26.5 20.5 EBITDA-Margin3) 41.1 – 1.3 41.7 41.6 35.0 ROCE4) 14.8 5.1 14.0 13.6 10.2 Net profit 73.1 18.0 61.9 56.0 51.6 Cash flow5) 100.9 – 13.9 117.2 117.8 104.2 Equity 513.7 – 10.1 571.2 574.0 548.6 Capital expenditure6) 28.5 – 46.1 52.9 52.9 24.9 Taxes on income 26.2 – 22.8 33.9 35.0 24.7

Stock Market Indicators 2000 Change 1999 1999 1998 in %

P/E Ratio (at year-end) 11.6 – 1.0 11.7 12.8 16.9 Earnings per share 3.5 18.0 3.0 2.7 2.5 Dividend per share (incl. bonus) 2.1 31.3 1.6 1.6 1.5 Pay-out ratio (as % of net profit) 60.3 11.2 54.2 60.0 59.2 Market Cap (at year-end, in mill.) 846.3 116.8 724.7 724.7 878.0 Market weighting (at year-end, in %) 3.0 31.1 2.3 2.3 3.2 Employees7) 2,644 3.8 2,547 2,547 2,466

Notes: 1) MTOW: maximum take-off weight for aircraft 2) EBIT-Margin (earnings before interest and tax) = EBIT / Operating income 3) EBITDA-Margin (earnings before interest, tax, depreciation and amortisation) = EBIT + Depreciation / Operating income 4) ROCE (Return on Capital Employed after Tax) = EBIT / Average Capital Employed 5) Operating Cash flow 6) Tangible and intangible assets 7) Weighted average number of employees as of 31.12. including apprentices and employees on official leave (maternity, military service, etc.) and excluding the management board and managing directors. Who is Who

Members of the Supervisory Board:

Chairman: Johannes Coreth, Member of the Board of Niederösterreichische Versicherung Deputies: Andreas Staribacher, Certified public accountant Erich Becker (up to 3 Mai 2000), Chairman of the Board of VA TECH Johannes Ditz (3 Mai to 15 November 2000), Member of the Board of ÖIAG

Reinhard Gogola, Mayor of Schwechat, secondary school professor Wilhelmine Goldmann (up to 15 November 2000), Head of Privatisation Department, ÖIAG Franz Lauer, Deputy General Director of Wiener Städtische Versicherung Roderich Regler, Head of Traffic Policy Department, Austrian Federal Economic Chamber Christopher L. Reilly, Managing Director of UBS Warburg, Georg Wailand, Deputy Editor-in-Chief "Neue Kronen Zeitung", publisher of "Gewinn"

Delegated by the Works Committee: Manfred Biegler, Chairman of the Salaried Employees` Works Committee Gerhard Gager, Chairman of the Waged Employees` Works Committee Eduard Oettl, Waged Employees` Works Committee Ferdinand Remischberger, Deputy Chairman of the Salaried Employees` Works Committee Alfred Schuller, Deputy Chairman of the Waged Employees` Works Committee

Representatives of the Supervisory Authorities Rolf A. Neidhart Gerhard Stadler

Members of the Management Board Herbert Kaufmann, Speaker Gerhard Schmid, Chief Operating Officer Kurt Waniek, Chief Financial Officer

Joint signatories Peter Bolech, Executive Vice President, Head of Airline & Terminal Services Ernest Eisner, Executive Vice President, Head of Handling Services Siegfried Gangl, Senior Executive Vice President, Head of Finance and Group Shareholding Franz Imlinger, Executive Vice President, Head of Management Services Dagmar Lang, Executive Vice President, Head of Communications Karl Schleinzer, Executive Vice President, Head of Airside Services Josef Stadler, Executive Vice President, Head of Secretariat General Michael Tmej, Executive Vice President, Head of Consumer Services

Annual Report 2000

Flughafen Wien AG

In the beginning, the real power of technology was only a dream.

A simple example:

Transfer time of 25 minutes. A clear-cut goal that long remained an illusion.

But this illusion became reality. Take advantage of the right opportunities, solve logistic problems, and use the full potential of modern technology. Technology that borders on magic: today is the fastest transfer airport in the world.

Precision that guarantees results. Baggage suddenly becomes intelligent. A passenger and his luggage go separate ways, and meet again magically at the same destination.

Logic explains only half the picture.

But it does lead to wonder. Handling More than 1,000 tonnes of cargo and baggage every day.

Die Steuerungszentrale. Insgesamt 400 Kilometer Gepäckbeförderung im Blick. The essence of magic is basic technology.

Safety Friendly, concentrated and fast – direct to the gate.

Control centre Over 2 km of conveyors at a glance. Transfer With transfer time of 25 minutes, the fastest airport in the world.

Hand scanner Lowest error rate in .

17 Annual Report 2000 Glossary ...... Glossary . . . .99 Report ofthe Supervisory Board . . ..96 Subsidiaries of FlughafenWienAG . . . Audit Opinion . . . Notes . . .73 Consolidated Statementof Capital andReserves . ..72 Consolidated CashFlowStatement . ..7 Consolidated BalanceSheet . . .70 Consolidated IncomeStatement Financial Statements2000 . . Communications . Environmental Statement . . Employees . Innovation . . Non-Aviation . . Handling . . Airport Segments ofBusinessinDetail . . Outlook . Future Developments . Investment ..38 Financial, AssetandCapitalStructure . Earnings . Turnover ..3 The BusinessEnvironment Status Report2000 . . WienShares Flughafen . Success Factors . The Aviation Business . . .20 Statement bytheManagementBoard . Vienna InternationalAirport ..18 Structure oftheFlughafenWienGroup Contents ..74 ..44 . .100 ..43 . .55 . .48 . .40 . .36 . .34 ..56 . .51 ..95 ..24 . .60 ..22 .42 .28 .19 58 1 2 Ges.m.b.H. (BBF),andwillowna7%shareofthiscompanyinthefuture. development companyinvolvedintheprivatisationofBerlin-BrandenburgFlughafen VIE BBI,awhollyownedsubsidiaryofFlughafenWienAG,holdsaninvestmentinthe A completelistofallinvestmentsheldbyFlughafenWienAGcanbefoundonpages96–98. ___The followingdiagramshowsthemajorholdingsrelevantfor2000businessyear. Organisation oftheGroup Structure oftheFlughafenWienGroup (ACV) Vienna GmbH Airport Consulting 50% (VIAS) Services Ges.m.b.H. Airport Security Vienna International 100% (CAT) Betriebsges.m.b.H. City AirTerminal 100% (CHP) Betriebsges.m.b.H. Errichtungs- und Airport Plaza Corvin Hotel 33% (VIEL) ges.m.b.H. beteiligungs- Liegenschafts- VIE 100% Flughafen WienAG GmbH VIE-Reiseservice 32% (IVW) ges.m.b.H. verwertungs- Immobilien- Flughafen Wien 100% (VIE BBI) ges.m.b.H. Int. Entw. Beteilig.- Brandenburg Flughafen Wien/ 100% (VAH) Ges.m.b.H. Handling Vienna Aircraft 100%

18 Annual Report 2000 Structure 19 Annual Report 2000 Company remain animportantimage the region.Thisfactorw enjoys ahighdegreeofacceptancewiththepopulation,duetoitseconomicimportancefor the airporthasgrown18-timesfasterthanAustrianeconomy. Vienna InternationalAirport the of or roughly 1% The value 12,000 peopleatoursite.Afurtherjobs nomic driverfortheentireeasternregionofAustria:198companiesemployatotal nearly ___As themajortransferairportbetweenEastandWest Europe,Vienna Airport istakeyeco- for ourshareholders. the airport’s growthpotentialandtheadvantagesprovidedbyourlocationtomaximise value builder, andoperatorofVienna InternationalAirportandrelatedservices.We intendtodevelop We areagrowthandearnings-orientedservicecompanythatcurrentlyservesasdeveloper, of onlythreepubliclytradedEuropeanairportsinwhichthestateholdsaminorityinterest. ___Following achangeinourownershipstructurelastyear, FlughafenWienAGisnow one A growth-orientedservicecompanyinarapidlychangingmarket Vienna InternationalAirport 1) Source:AustrianInstituteforIndustrialScience,Study"TheAirportasanEconomicFactor",2000 added byVienna InternationalAirporttotheAustrianeconomyexceeds Austrian grossdomesticproduct.Inthepastthreeyears,employmentat ill playamajorroleinourfurtherexpansion.We arecommittedto maker forAustriainthefuture. 1) are indirectlydependentonairportoperations. € 2.1 billion, during ___With little financial expense,buthigh effectiveness,thekeyAAA Projectcommenced through thisprocedure willmorethanoffset anydelay. sultation. Thecontractwas signedinNovember2000.Theadditionalflexibility gained Itten-Brechbühl-Baumschlager-Eberle architectgrouprequired anextensiveprocessofcon- million. Thedecisiontoaward thecontractforexpansionofNortheastTerminal tothe profit fortheyearincreasedby18.0%to ___With thisannualreport,wearepleasedtopresentrecordearningsforthethirdyear. Net Dear Shareholders, Higher traffic,earningsgrowth,newownershipstructure Statement bytheManagementBoard ___In contrasttoourcapital expenditurebudgetof of5%.Cargorosebyan 12.1%comparedtoourforecastof1%. (8.6% vs.5%forecast).At6.6%,themaximumtake-off weightslightlyexceededtheforecast Qualiflyer GroupandStarAllianceledtounexpectedly highgrowthinflightmovements of passengersincreasedby6.6%comparedtoourforecast of6%,competitionbetweenthe ___Development oftrafficduringthereportingyearexceeded forecasts.Whilethenumber Non-Aviation. earnings beforeinterestandtaxforourthreebusiness segments–Airport,Handlingand ments ofinvestorsforincreasedtransparency. We arethereforereportingbothturnoverand pared inaccordancewithInternationalAccountingStandards (IAS).Thisreflectstherequire- ___For thefirsttimeinhistoryofCompany, ourfinancial statementshavebeenpre- cess wehavesuccessfullycompleted. of otherEuropeanairportsarealsopreparingforprivatisationoverthestockexchange,apro- € We wereabletorealiseourstrategyforthebuybackof10%sharecapitalandreturn three publictradedairportsinEuropewhichauthoritiesownonlyaminorityshare. ___At thesametimewewereabletocreateashareholderstructurethatmakesusoneof a reductioninpersonnel their companythroughdivi rate andpersonnelexpenses.Ouremployeesarenowabletoparticipateinthesuccessof 10% ofsharecapitaltoanemployeefoundationinbringingaboutareductionboththetax had expected.Thesharebuybackapositiveeffectwiththetransferofrepurchased r petitor ingroundhandlingdidnotoperateatfullcapacityfortheentire com- ___These outstandingresultsarenotonlytheresultofdynamicgrowthintraffic.Our up by4.0%to 94.5 milliontoshareholders,whilepursuingourextensivesitedevelopmentplans.Anumber the reporting year. Thisfirst jointproject foranairport, airlineand flightcontrol (Vienna € 93.1 million,andprofitbeforetaxroseby7.0%to expenses for2000. dend payments.Thischangefromtheformerbonussystemledto € 73.1 million,earningsbeforeinterestandtaxwent € 73 millionfor2000,weinvested € 102.6 million. eporting year, aswe € 29.7

20 Annual Report 2000 Statement 21 Annual Report 2000 Statement The ManagementBoard Yours sincerely, have placedinus. Works’ Councilfortheireffortsanddedication,ourbusinesspartnersthetrustthey ___We wouldliketoexpressoutthanksallouremployees,managers,andmembersofthe will delivergoodgrowthoverthemediumandlongterm. ___We areconvincedthatFlughafenWienAGisacompanywithpromisingfuture,one promise tobesuccessfulfrombothastrategicandrateofreturnstandpoint. many projectspresentedtousandrealiseonlythose–suchasBerlin-Brandenburgwhich ___In connectionwithourstrategyofinternationalisation,wewillcontinuetoevaluatethe cost, inordertomaintainadominantmarketshareoverthemediumterm. ___In thehandlingsegment,wewanttoofferourcustomersmaximumbenefit,atleast connection timeinEurope. our highstandardsofquality, inparticularensuringthatwecontinuetooffertheshortest future. We mustbeabletohandleaneverincreasingnumberofpassengers,whilemaintaining ___The configurationofthenewlargerterminalisalsoanimportantsuccessfactorfor with whomwecanpursuethisstrategy. crossroads betweenEastandWest. We willalsoneedastrong,independenthomecarrier EU willincreaseourattractivenessasabusinesssite.We plantoexpandourposition asthe region, butalsoattractnewbusinessestothearea.We expecttheeastwardexpansion ofthe ___We notonlywanttoincreasetheimportanceofairportasaneconomicengine forthe port. relevant issues.Thisalsodemonstratesourreadinesstoworktowardsbetteraccesstheair- the aviationindustryhavecometogetherinamediationprocesstodevelopsolutionsforall Provinces ofVienna andLowerAustria,neighbouringcommunities,citizens’committees neighbouring residents,andtookafirststepinthisdirectionlastyear. Representativesofthe ___We understandtheimportanceofrealisingourexpansionplansinconsultation withour formance. provide relieftoresidentsduringlowtrafficperiods,andimproveoverallon-timeper- capacity, ,AustrianAirlinesandAustroControl)isdesignedtoincreasepeaktime Speaker Herbert Kaufmann Member Gerhard Schmid Member WaniekKurt The Aviation Business The basics for an airport operator

___Key criteria for evaluating our airport business are its major revenue drivers – maximum take-off weight (MTOW), the number of passengers, and flight movements. This last indicator provides information on the number of take-offs and landings, and use of and apron capacity. The economic importance of this data only becomes apparent when this figure is related to the types of aircraft in operation (for handling revenues) and cargo volume and, above all, to the number of departing passengers and MTOW. Aircraft manufacturers deter- mine a maximum allowable take-off weight for each type of aircraft, and landing fees in Vienna are based on this figure, regardless of actual load. The number of passengers also has a direct impact on airport revenues through the "passenger tariff" that airlines charge each departing passenger. The ideal traffic development for Vienna International Airport is therefore high growth in MTOW and passenger volume coupled with a lower increase in flight movements as this will permit use of existing runway capacity for a longer period. 22 Annual Report 2000 Business Aviation

Passengers

1995 8,546,000 1996 9,141,000 1997 9,738,000 1998 10,639,000 1999 11,204,000 2000 11,940,000

Transfer passengers

1995 1,649,000 1996 1,765,000 1997 2,067,000 1998 2,783,000 1999 3,066,000 2000 3,352,000 23 Annual Report 2000 Aviation Business 00186,500 171,700 165,200 156,700 154,900 143,800 2000 1999 1998 1997 1996 1995 Flight Movements 99161,238 150,123 148,658 2000 180,667 1999 1998 1997 1996 129,873 1995 125,809 5,020 Cargo 4,680 4,460 2000 5,350 1999 1998 1997 1996 4,490 1995 4,130 Maximum Take-Off Weight (Air CargoandTrucking) in thous.tonnes in tonnes 991,1,0 40.9947,500 50,300 04.07.1999 11,210,00001.07.2000 10,510,000 9,980,000 9,120,000 8,510,000 7,950,000 2000 1999 1998 1997 1996 1995 erNme fPee ekDy NumberofPieces Peak Days NumberofPieces Year Baggage Statistics handling andhelpsavoiddelays(alsoseeon-timeperformance). directly attheaircraft,therebysavingvaluabletime.Modern equipmentguaranteessmooth handling servicesareamongthebestinworld. Necessarydocumentsareprepared keep pacewithfastconnections.Thankstostate-of-the-art technology, FlughafenWienAG ___Of particularlyimportancefortransferpassengersis abaggagehandlingsystemthatcan High-Tech Handling 0:45 0:45 0:40 0:35 0:25 1) Publishedguaranteedconnections,Source:OAGFlightGuide FRA CPH ZRH MUC VIE Minimum ConnectingTime inEurope most popular–andthetransfertimeforflightstofromVienna isthelowestinEurope. ticket sales.Afternon-stopanddirectflights,routeswithminimumconnectingtimearethe ___In allinternationalreservationsystems,totalflighttimeisthedecisivesuccessfactorfor Transfer Speed The foundationforlong-termgrowth Success Factors ria eatr arrival+ departure arrival +departure 1) in minutes

24 Annual Report 2000 Success Factors East-West Hub ___Developing Vienna International Airport into the leading East-West hub is a strategy we are pursuing together with our home carrier, the Group. Vienna now offers a total of 37 destinations throughout Eastern Europe.

Number of Destinations in East and Central Europe

1998 1999 2000

VIE 30 37 37 FRA 32 34 35 MUC 14 15 15 CPH 19 18 19 ZRH 19 22 21 Source: OAG Flight Guide, Summer 2000

Growth ___For several years, international air traffic has been growing faster than the worldwide economy. We assume an average increase of 6% per year for Vienna International Airport, which translates to a rise of 75% in passenger volume and 40% in flight movements over the

25 Annual Report 2000next Success Factors decade.

Flight movements forecasts in thous. Passenger forecasts in mill.

340 30 320 300 25 280 260 20 240 220 15 200 180 10 2000 2005 2010 2015 2020 2000 2005 2010 2015 2020

___In preparing for the future, we must focus on the way that peak hours are developing – for both flight movements and the number of passengers handled. To maintain current quality standards in the face of continuing passenger growth, we plan to expand the North-East Terminal. The first construction phase is scheduled for completion in 2007 and will include approximately 100 extra check-in counters, 34 additional gates, and 17 new docking positions. In addition, the apron is also being extended.

___Based on current growth forecasts and technical standards, Vienna International Airport will also need to construct another runway by 2010, parallel to one of the two intersecting runways now in operation. The solid financial position of Flughafen Wien AG will guarantee long-term financing for our expansion plans. We are undertaking all efforts to seek the best consensus possible with neighbourhood communities and environmental organisations. 1.35 despite anincrease intrafficduring 2000. ___In ourinternal quarterlypassengersurvey, the"PerformanceIndex" rosetoanimpressive baggage handling, transfers,gastronomy andshopping. tional Airport.AnIATA surveyawardedthe airporttopmarksinitscategory–especiallyfor ___International studieson passenger satisfactionconfirmthetopratingofVienna Interna- Service mance improvedto23%in2000. AEA statisticsaftertheScandinavianairports.Despiteanincreaseintraffic,on-timeperfor- Vienna International AirportisoneofthemostpunctualinEurope,rankingtopthird Missed connectionsandangrypassengersharmboththeimageofairlineairport. ___According toairlineinformation,eachminuteofdelaycoststhecarrieranaverage On-time Performance )Hourwiththemostflightmovements2)Firsthour 1) 1. Hour Development ofPeakHours aeof 43 +3 +6 +4 37 37 +195 +4 51 +6 34 +174 +398 31 Change 3,714 +4 41 47 42 2,633 2000 2,643 –90 3,519 56 37 Total 2,459 flightmovements 1999 2,245 +419 36 +547 Take-offs Landings 4,125 Total passengers 52 Departing passengers 3,132 Arriving passengers 3,417 (typical peakhr.) 4,215 30. PeakHours Total 2,713 flightmovements 2,870 Take-offs Landings Total passengers Departing passengers Arriving passengers X 6638.3 30.5 22.1 24.3 23.1 25.5 36.6 32.0 24.7 20.0 23.2 25.5 European average MXP ZRH MUC FRA VIE Delays oninter-European flights in2000(AEA) Delay =planneddeparture/arrivaltimeexceededbymorethan15minutes 2) 1) n%o eatrsin%ofarrivals in %ofdepartures 9920 Change 2000 1999 € 57.

26 Annual Report 2000 Success Factors Overall Terminal Performance (1 = very good, 5 = very poor)

1997 1998 1999 2000

Number of persons surveyed 8,243 8,385 8,155 8,562 Overall Terminal Performance 1.52 1.44 1.43 1.35 Orientation in the terminal 1.51 1.48 1.44 1.36 Cleanliness 1.33 1.35 1.34 1.46 Security controls 1.45 1.39 1.42 1.28 Waiting time 1.52 1.50 1.53 1.36 Check-in services 1.41 1.38 1.35 1.24

Customer Service ___Another major factor in the success of Vienna International Airport is close co-operation with our home carrier, the Austrian Airlines Group. Major projects such as the expansion of the North-East Terminal are developed by joint working groups to help meet customer demands in the most efficient way. Regular business-to-business surveys of our customers and tenants show excellent ratings.

Business-to-Business Survey. Satisfaction with personal service (share of very satisfied/satisfied in %) 27 Annual Report 2000 Success Factors 1998 1999 2000

Electricity 75 76 80 Rentals 62 64 65 Telephone 72 69 71

Non-Aviation ___With a total of 10 to 12 million passengers, an airport is of a size that makes it attractive as a commercial location – Vienna International Airport now has 11.9 million passengers per annum. The importance of the real estate business will therefore increase over the coming years. Plans are currently underway to develop an office and business park. Although shop- ping revenues declined following the discontinuation of duty-free sales within the EU, the past year showed good growth in other segments. The new European positioning of the Travel- Value Shops is expected to support a renewed increase in turnover.

Selling Space in qm

6,000 5,800 5,600 5,400 5,200 5,000 4,800 4,600 1996 1997 1998 1999 2000 tender toshareholdersofFlughafen WienAG,whichendedonNovember28,equalled holders withpre-emptivepurchase rights,eachacquired2.62%oftheÖIAGshare. The public 17.38% holdinginFlughafen WienAGandtheProvincesofVienna andLowerAustria,share- buyback withoutreducingfree float.ThiswasrealisedwhenÖIAGannouncedthe saleofits repurchase of10%share capitalinNovember2000.Ourobjectivewastocomplete this ___As afirststeptowardsimprovingourcapitalstructure, FlughafenWienAGcarriedoutthe Successful Buyback expect FlughafenWienstocktobeofinterest. airports.Asone ofthreeEuropeanairportswithamajorityfreefloat,we of public traded issues willdrawtheattentionofcapitalmarketstopreviouslysmall group New offerings. largest airportinEurope,BrusselsandAmsterdamairports arepreparingforinitialpublic ports areexpectedtoobtainstockmarketlistingsin2001. InadditiontoFrankfurt,thesecond ___We envisageaheighteningofinterest intheairportsectorasanumberofEuropeanair- for adeclineof3.5%. performers intheAustrianATX Index.BywayofcontrasttheATX closedtheyearat1073.3, 16.78% increaseintheshareprice2000,FlughafenWienAGshareswereoneoftop totheairportsectoraseffectsofchangebecamemoreapparent.Witha returned negative impactonairportstocksin1999.BySpring2000however, investorconfidence had Uncertainty oftheimplicationsendingduty-freesalesfortravelwithinEUhada in pharmaceuticals,financialandconsumercompanies.Airportshareswerealsodemand. ___Not allstocksrecordeddeclines,however. Risk-adverseinvestorsshowedgreaterinterest (NASDAQ, NeuerMarkt)fellsignificantly overthecourseofyear. markets to cautionattheendoffirstquarterfollowingaseriesprofitwarnings.Technology months of2000weremarkedbyaboomintechnologystocks.Howeveroptimismgaveway It wasalsothefirstelectionyearsince1940’s inwhichmarketsdeclined.Thefirst few the USeconomy. IntheUSADowJonesIndexrecordedfirstnegativeyearsince1990. factors inthisenvironmentwererisinginterestratesandaslowingofthe10-yearboom in 2000,internationalstockexchangessufferedsignificantdeclinesduringthisperiod.Decisive ___Whilst strongperformancebylong-termgovernmentissuescharacterisedbondmarkets Flughafen WienSharesfollowthetrend A solidinvestmentinavolatilemarket Flughafen WienShares holders closertogether. distribute dividends toemployeesandthereby bringtheinterestsof employees accepted. Flughafen WienAGtransferred thesesharestoanemployee foundation,which will 21 millionoutstanding shares.Aproportional share,or26.52%,ofeach offerwastherefore per share.FlughafenWienAG receivedoffersforatotalof7,917,484shares,or37.7% ofthe and share- € 45,-

28 Annual Report 2000 Shares 29 Annual Report 2000 Shares € ___In 2000theturnoverofFlughafenWiensharesonVienna StockExchangetotalled 50% Free Float 20% Province ofLowerAustria of FlughafenWienAG Current ShareholderStructure ___West LBPanmure, London ___UBS Warburg, London ___SchroderSalomonSmithBarney, London ___Raiffeisen Zentralbank ÖsterreichAG, Vienna ___Merrill Lynch, London ___Morgan StanleyDeanWitter, London ___Goldman Sachs,London ___Fortis Bank,Amsterdam ___ERSTE Bank,Vienna ___Deutsche Bank,London ___Dresdner KleinwortBenson,London ___Credit SuisseFirstBoston,London ___Commerzbank, London ___CA IBInvestmentbank,Vienna ___ABN-AMRO, London (ÖTOB), 38,290contracts(1999:42,000)withatotalvalueofapproximately traded in2000(1999: ing year: others, thefollowingcompaniespublishedanalyseson FlughafenWienAGduringthereport- ___Interest bykeyinvestmentbanksandbrokeragehouses remainedhighin2000.Among investor conferences. sentations ofresultstoanalystsandinstitutionalinvestorsparticipationinnumerous communities inallmajorbusinesscentreswithup-to-dateinformationthroughregularpre- most importanttradefairforprivateinvestors.FlughafenWienAGprovidedthefinancial tour Vienna InternationalAirportinJune.We alsotookpartinthe"Gewinnmesse",’s major objectivein2000.PrivateshareholdersofFlughafenWienAGhadtheopportunityto ___The continuationandfurtherdevelopmentofouractiveinformationpolicieswasalsoa Investor Relations weighting of2.95%. year-end, FlughafenWienwastheseventhlargestofallstockstradedinVienna withan ATX Exchange, andisacoreshareinboththeATX andÖTOB.Basedonmarketcapitalization at volume (1999:9-th).FlughafenWienstockistradedover-the-counter ontheVienna Stock 537 million(1999: € € 166 mill.),rankingFlughafenWienshareseighthaccordingtotrading 859 mill.)byvalue.OntheAustrianFuturesandOptionsExchange Employee foundation € 149 millionwere City ofVienna 20% 10% The VIE Share Indexed (1.1. 2000 = 100) and in €

Flughafen Wien ATX 130.00 € 45

120.00 € 41.5

€ 110.00 38

€ 34.5 100.00

€ 31 90.00

80.00 30 Annual Report 2000 Shares Oct 99 Nov 99 Dec 99 Jan 00 Feb 00 Mar 00 Apr 00 May 00 Jun 00 July 00 Aug 00 Sep 00 Oct 00 Nov 00 Dec 00 Jan 01 Feb 01

Information on Flughafen Wien Shares

Share capital: € 152.67 mill. 21 mill. shares

Share price on 31.12.2000: € 40.30

High for 2000: € 43.90 Low for 2000: € 34.00

P/E 2000: 11.61) (1999: 11.71)) P/CF 2000: 8.41) (1999: 6.21))

Dividend yield 2000: 5.21) (1999: 4.61)) Payout ratio 2000: 60.3% (1999: 54.2% as per IAS) 1) Price at year-end Reuters: VIEV.VI Bloomberg: FLUG AV Datastream: O:FLU ÖKB-WKN: 091180 ÖTOB: FLU ADR: VIAAY

___The VIE share is traded on the following stock exchanges: Vienna, (Xetra), London (SEAQ International) New York (ADR)

Financial Calendar 2001

Annual General Meeting: 11 May 2001 Payment Date: 21 May 2001 Ex-Dividend Day: 16 May 2001 First Quarter Results 2001: 18 May 2001 Interim Financial Statements 2001: 28 August 2001 Third Quarter Results 2001: 15 November 2001 31 Annual Report 2000 Shares

___For additional information from Investor Relations, contact Robert Dusek: Tel.: ++43 1 7007 23126 e-mail: [email protected] or [email protected]

___Private shareholders can visit our Internet Homepage under www.viennaairport.com

Recommendation for the Distribution of Profits ___The 2000 business year closed with profit of € 44,101,369.29. The Management Board of Flughafen Wien AG recommends payment of a dividend of € 2.10 per share from 2000 profit, for a total distribution of € 44,100,000.00 and the carry forward of the remaining € 1,369.29.

___Schwechat, April 2001

The Management Board

Herbert Kaufmann Gerhard Schmid Kurt Waniek Speaker Member Member Status Report 2000 The Business Environment Development of air traffic in Europe again exceeds GDP growth 32 Annual Report 2000 Status Report

___A decisive factor for the economic development of an airport is growth in the aviation industry, specifically for the primary airline customer. In addition to general economic condi- tions, the price of flights, purchasing power and travel behaviour also an important role.

The Economy and Industry ___With GDP growth of 3.3% in 2000, economic development in Austria matched the EU aver- age (3.3%) but lagged slightly behind the OECD country average (3.5%). Private consumption increased by a real 2.7%, and the inflation rate again rose by 2.3% in the wake of significantly higher prices for raw materials. Generally positive business conditions were not dampened by negative factors such as the crisis in 1999. Moreover, the EU sanctions against Aus- tria did not have any impact on the economy. A decisive move for the development of Vienna International Airport was the entry of the Austrian Airlines Group into the Star Alliance, which took effect with the summer flight plan 2000. As expected, the changeover from the Qualiflyer Group to the Star Alliance had a positive influence on traffic growth at our airport.

Trends in European Air Traffic ___For several years, growth in the European aviation industry has significantly exceeded the increase in GDP. For the reporting year European airports recorded an increase of 3.3% in flight movements, 7.9% more passengers, and an 8% rise in cargo. Developments at Vienna International Airport differed from these European averages, however. With an increase of 8.6%, the number of flight movements in Vienna rose faster than both the European average and the growth registered by our direct competitors Zurich (6.3%) and (7.5%). The number of passengers in Vienna increased by 6.6%, but lagged behind the European average and growth at Zurich (8.2%) and Munich (8.7%). Compared to BAA and , Vienna International Airport registered substantially higher growth in traffic. 33 Annual Report 2000 Satus Report travellers. Scheduled trafficincreased by5.3%and charterflights by4.1%. 5% higherpassenger volumeforthe reportingyear, withatotal of8.4million ___The Austrian AirlinesGroup–Austrian Airlines,LaudaAirandTyrolean Airways –reported Development of theAustrianAirlinesGroup ipr asnesCag n%FlightMovements Changein % 1) LondonHeathrow, Gatwick,Stansted Passengers Airport uih2. . 325,622/+6.3 440,747/+4.8 299,731/+1.7 290,699/+7.5 186,469/+8.6 +8.2 +7.6 +5.1 +8.7 +6.6 22.6 49.4 18.3 23.1 11.9 BAA Copenhagen Frankfurt Zurich Munich Vienna 1) nml.20 s 99Change in% 2000vs.1999 in mill. 0. . 5,3 +3.3 858,731/ +6.1 108.5 2000 vs.1999 ___The FlughafenWienGrouprecordedanincreaseof4.7%inturnoverto Handling +8,9%,Airport4%,Non-Aviation constant Turnover largest contribution to turnoverwas recordedduring thirdquarter oftheyear. ling segments tonormaltravelindustryfluctuation duringtheyear. With ___The importance oftourismasarevenue driversubjectsturnover intheairportandhand- customers. includes incomefromcentral stafffunctionssuchasconsultingservicesforthird party these services.Turnover not allowedtothebusinesssegmentstotalled city andtelecommunications toresidentcompanieshadanegativeimpactonincome from Shops andprovisionofinfrastructure services.Passingonlowerpurchaseprices for electri- was unabletocompletely offset decliningrevenuesfromtheduty-freeandTravel Value during thereportingyear. Higher turnoverfromparking,othershops,andsecurityservices ___The non-aviationsegmentcontributed22%toGroup turnover, withrevenuesunchanged 2000. handling operatorattheairport.VAS hadbeen expectedtocommenceoperationsearlierin movements. Partofthegrowthinthissegmentreflects the delayedstartofsecondground over in2000,andrecorded8.9%higherrevenuessupported byan8.6%increaseinflight increase duringthereportingyear. Thehandlingsegmentgenerated36%oftotalGroupturn- prised primarilyofvariousduties(forlandings,passengers, infrastructure),whichdidnot (passengers andmaximumtake-offweight:+6.6%).Turnover intheairportsegmentiscom- Growth of4%inturnoverto during thereportingyear. At42%,theairportsegmentprovidedlargestshareofrevenues. € 137.4 millionreflectedtheoveralldevelopmentoftraffic € € 89.8 million,the 0.4 million,and € 327.4 million

34 Annual Report 2000 Status Report 35 Annual Report 2000 Status Report 42% Airport 36% Handling Structure ofGroupTurnover 99312.6 0.4 0.2 2000 1999 71.7 Not allocated: 117.9 72.0 2000 137.4 108.3 1999 132.1 Total 2000 1999 Non-Aviation 2000 1999 Handling 2000 1999 Airport Development ofTurnover in € mill. 327.4 Non-Aviation 22% Earnings Third record year in a row generates € 102.6 million

___Following two consecutive record years, earnings before interest and tax (+ 4%), profit before tax (+ 7%) and profit for the year (+ 18%) again reached new highs in 2000. These out- standing results reflect the impact of several factors. Good traffic development and a stable market share in the handling segment led to an increase of 4.7% in turnover. In addition, sound use of resources helped us improve productivity per employee by 2.6% in the report- ing year.

___Operating expenses rose by 5.8% to € 241.3 million. Higher prices for fuel, district heating, and third party services for customers and handling resulted in an increase of 6.1% in the cost of materials and other services to € 19.0 million. Personnel expenses rose by only 0.03% despite increases mandated by collective bargaining agreements and a 3.8% addition to the workforce that was triggered by growth in traffic. This development resulted primarily from the ending of bonuses for employees of Flughafen Wien AG, which were required by collec- tive bargaining agreements. Employees have waived their rights to these bonuses and, beginning in 2000, will share in earnings through dividends paid by an employee foundation. These measures to reduce personnel expenses will also have a positive impact on earnings in the coming years. Other operating expenses rose by 30.6% to € 44.6 million as the result of

higher costs for maintenance, marketing, consulting services, and provisions for the Flughafen 36 Annual Report 2000 Status Report Wien employee foundation. Earnings before interest and tax (EBIT) therefore increased by 4.0% to € 93.1 million, and the EBIT margin fell to 27.9% (prior year: 28.2%).

Development of EBT in € mill.

1999 95.8 2000 102.6

___The airport segment generated € 68.3 million or 73% of Group EBIT, the handling segment € 23.3 million or 25%, and the non-aviation segment € 26.8 million or 29%. A negative EBIT of € 25.3 million was recorded by the ”other” segment, which includes central staff functions. Decisive factors for the future development of EBIT will be traffic growth, combined with main- taining market share in the handling area and reducing administrative expenses.

___During the reporting year, financial results increased by 49.6% to € 9.5 million. Higher inter- est income from a larger investment portfolio, as well as income from the Airport pro- ject and the re-financing of the airport hotels supported this growth. Over the long-term, we expect our international activities will generate a higher contribution to financial results.

___Profit before tax rose by 7% to € 102.6 million. Due to a significant reduction in taxes from the prior year level, net profit increased by 18% to € 73.1 million. At 26.4%, the tax rate was substantially lower than the Austrian corporate tax rate of 34%. Two factors were responsible for this development: first, we were able to utilise tax advantages provided by the employee foundation and, second, we were able partially reverse a 1999 provision created for a tax audit then in progress. Tax expense for the reporting year declined by a total of 22.9% to € 26.2 million. 37 Annual Report 2000 Status Report Value Added OE1. 14.8 13.5 27.9 41.1 14.0 11.2 28.2 41.7 ROCE ROE EBITDA margin EBIT margin Key Indicators foundation 1) includingtaxreimbursement"KMOG" e rft6. 73.1 61.9 Net profit prtn ot 2. 4. 0. 0. 87.7 114.5 26.8 100.2 9.5 123.5 102.6 101.8 23.3 95.8 170.2 6.3 241.3 68.3 334.4 228.0 317.5 93.1 Taxes Profit beforetax 89.5 Financial results Profit beforeinterestandtaxes Operating costs Operating income au de 2. 236.2 29.0 0.1 44.1 32.6 229.4 236.2 28.3 0.2 33.6 Income Statement 36.9 130.4 334.4 229.4 98.2 Value Added 130.4 317.5 Public authorities(taxes) Creditors (interest) Company 88.1 Shareholders Employees (personnelexpenses) Use Value Added less costofgoodsandservices Operating income Source 1) in mill. in % € Summary in € mill. 9920 ipr adigNon-Aviation Handling Airport 2000 1999 3929.5 33.9 1999 2000 992000 1999 addition, theprovisionsforpensionsandseverancecompensationdecreasedby provision forthereimbursementoftaxexpensesassociatedwithemployeefoundation.In ___At Assets Repurchase ofsharestobenefitemployees Financial, AssetandCapitalStructure ___Long-term debtroseby5.9%to € balanced inpartbynetprofitof the sharebuybackandtransferofthesesharestoemployeefoundationwascounter- foundation generallyoffsetrelatedexpenseschargedtoequity. Thedeclineinequityfollowing approximately by the valueoftheseshareswasoffsetagainstfreereservesandthereforereducedequity employees ofFlughafenWienAGalsohadanimpactonequity. InaccordancewithIAS, ___The repurchaseofCompanysharesandsubsequenttransfertoafoundationforthe Equity andLiabilities hotels. to higheramountsduefromaffiliatecompanies,whichfollowedtherefinancingofairport securities toalevelof Financing forthe ___Current assetsdeclinedby19.3%to tax assetwascreatedandwillbeoffsetagainstequity. Since theresultingtaxdeductioncanonlybeclaimedoveraperiodoftenyears,deferred 102% offixedandfinancial assets arecoveredbyequity. valents totalled changes in thedividendfrom Higher cashoutflowforfinancingactivitiesresultedfrom thestockbuybackandanincrease decline of56.3%incashflowfrominvestingactivities against thelevelofpreviousyear. is dueprimarilytoareductionincurrentprovisions.Lower capital ___Net cashflowfromoperatingactivitiesdecreasedby 13.9%to Cash Flow to anincreaseof payables. Theabove-mentionedpartialtransferofpensionobligationstoafundled tinuation ofbonusesmandatedbycollectivebargainingagreementsandareductionintrade ___The decreaseof0.5%incurrentliabilitiesto pensions andseverancecompensation,adjustmentofthediscountrateforprovisions. following thepartialtransferofpensionobligationstoafund,higherpaymentsfor ___Cash-based changestocashandequivalentstotalled to to ciation overthevolumeofnewinvestments,anda3.6%declineinfixedfinancialassets vious year. Thepostponementofscheduledcapitalexpenditureledtoanincreaseindepre- 513.7 million.Theequityratiodeclinedby3percentagepointsto68%. € € 501.6 million.Thisdecreasewasoffsetbyastrongriseof191.3%indeferredtaxassets 31.9 millionfollowingthetransferofrepurchasedsharestoemployeefoundation. € 533.6 millionfor2000,non-currentassetsremainedslightlyabovethelevelofpre- € – 4.6millionforthereportingyear. Asof31December2000,cashandequi- € € € 94.5 million.Deferredtaxassetsarisinginconnectionwiththeemployee € 180.2 million.Non-currentcapital covers124%ofnon-currentassets,and 7 millionincurrentliabilities. 94.5 millionpurchasepricewasprovidedinpartbya28.1%reduction € € 30.5 millionin1998to 152.4 million.Theincreaseincurrentreceivablesisrelatedprimarily € € 73.1 million,andequitydecreasedby10.1%toalevelof 147.1 million,chieflyduetothecreationofa € 216.8 million,alsoasaresultofthesharebuyback. € € 33.6 millionfor1999. 89.6 millionisdueprimarilytothediscon- € – 50.2million,andnon-cash € expenditure in2000ledtoa 100.9 million.Thisdecline € € 11.5 million 21.4 million

38 Annual Report 2000 Status Report 39 Annual Report 2000 Status Report 0% 50% 100% AC(n)778.6 34.4 – 68.5 7.7 41.1 – 71.4 WACC (in%) Gearing (in%) Working Capital(in Equity ratio(in%) Financial Indicators Cash Flow Ffo iacn ciiis–3. –124.4 –26.7 100.9 –50.2 180.2 –30.6 – 61.2 117.2 25.4 235.0 Cash andcashequivalentsatendofperiod Change incashandequivalents CF fromfinancingactivities CF frominvestingactivities CF fromoperatingactivities aac he oa 99BalanceSheetTotal 2000 € Balance SheetTotal 1999 Assets in mill. Current 800.2 mill.

Summary in Assets: 268.6 € 992000 1999 € € mill. il)–5. –49.4 –56.4 mill.) Thereof liquid Non-current funds: 235.0 assets: 531.6 €

Current 750.4 mill. Assets: 216.8

Thereof liquid Non-current funds: 180.2 assets: 533.6 1999 2000 1999 2000 aac he oa 99BalanceSheetTotal 2000 € Balance SheetTotal 1999 Liabilities andEquity 800.2 mill. Non-current liabilities: 139.0 992000 1999

Current Equity: 571.2 liabilites: 90.0 €

Non-current 750.4 mill. liabilities: 147.1

Current Equity: 513.7 liabilites: 89.6 ___At Volume lowerthanplanned Investment 0044.4 42.8 52.9 28.5 2000 1999 Depreciation of tangibleassetsandamortisation ofintangibleassets 2000 1999 Capital expenditure 2000 1999 Cash flowfromoperatingactivities Financing requirements 4, andthepurchaseofequipmentvehiclesfor handling segment. ___Major investmentsin2000includedtheacquisition ofrealestate,completionCarPark be to now scheduled national busgateswasmovedforwardto2003andconstruction on the Nort development. Withnoimpairmentofquality, thefinaldateforcompletionofeightinter- the resultofareviewourinvestmentplanstopermitmoreflexibleresponsetraffic 1999 andconsiderablylowerthanthe2000forecastof € 28.5 million,capitalexpenditureforthereportingyearwas completed in2007. € 73 million.Thisdecreasewasprimarily € 24.4 millionbelow heast Terminal is 100.9 117.2

40 Annual Report 2000 Status Report 41 Annual Report 2000 Status Report oa 398729,660.7 1,128.1 485.0 63,988.7 28,047.6 11,047.7 569.3 52,371.7 Total Financial assets Capital expenditure Intangible assets Investments 60% Airport 13% Handling Classification ofInvestmentsbySegment in € thous. 001999 2000 not allocated Non-Aviation 24% 3% damage suchasfire, evenifourbusiness wasto beinterrupted foralonger periodoftime. but notoverthe longerterm.We areinsuredagainst generalliabilityandtheresults ofmajor ence withinternational crisesshowsthat sucheventshaveanimpact intheyeartheyoccur, ___Airports are affectedinauniqueway by unrest,crises,andnatural disasters.Ourexperi- for allourairlinecustomers. competitors inordertomake Vienna InternationalAirportanefficient,high-performancefacility primarily withtheAustrian Airlines Groupbutalsowithotherairlines–thatissuperior toour by providingsuitableservices. Ourstrategyisthereforetodeveloparangeof services – ticipate indevelopmentofthe largestairlinenetworkintheworld,apotentialwemust realise Austrian AirlinesGroup`smembershipoftheStarAlliance representsanopportunitytopar- local competitors,MunichandZurich,shouldalwaysbe viewedinEuropeancomparison.The alliances selectandexpandintocompetingsites.Therefore, thedevelopmentoftraffictoour ___We mustalsomonitorindustrydevelopments closelytodeterminewhetherotherairline our airlinecustomersbyprovidinghighqualityservices. port. Itisthereforetoouradvantagesupportandstrengthen thecompetitivepositionof pendent homecarrieris,however, decisivefortheabove-averagegrowthoftrafficatanair- infl to directly dependent onthedevelopmentofourhomecarrierand itsalliances.However, wearenotable Airport, andover70%togetherwiththeStarAlliance. As isthecasewithallairports,weare ___The AustrianAirlinesGrouprepresentsa60%shareofthemarketatVienna International our position. turnaround timeandreliabilityarefurtherstrategicmeasuresthatwillsecureimprove In spiteofrisingtrafficvolume,wewillworktomaintainthiscompetitiveadvantage.Improved but alsothequalityofourservices,includingshortestminimumconnectingtimeinEurope. role astheleadinghubinCentralEuropeisafunctionnotonlyofourgeographicallocation, for Vienna InternationalAirporttomaintainitspositionasamajortraffichub.Ourpresent have startedtodevelopcentresaroundselectedhubs.Inthisphase,itisparticularlyimportant across Europe.SimilartotheUSAwherederegulationbeganmuchearlier, airlinealliances ___The globalisationprocessintheairlineindustryhascreatedanewbalanceofpower Strategic andoperatingmeasurestosafeguardfuturesuccess Future Developments uence thecommercialdevelopmentofourprimarycustomer. Anactiveinde-

42 Annual Report 2000 Status Report 43 Annual Report 2000 Status Report cwca,2 ac 01The ManagementBoard Schwechat, 22March 2001 areas. March 1,2001.Foroursmoking customers,wehavecreatedseparate,visually attractive passengers andemployees, wehavemadeVienna Internationalanon-smokingairportas of with otherpotentialhandling customers.Inkeepingwiththewishesofmajority ofour year contractwithBritishAirways. Thisprovidesgroundsforoptimisminapproaching talks ___Despite increasedcompetition inthehandlingsegment,wewereabletoconclude athree- ment, thatmarkedthebeginningofconsultationprocess. neighbouring communities,citizens’committeesand the aviationgroup)signedanagree- ___In March,thepartnersinmediationprocess(Provinces ofVienna andLowerAustria, turing oftheownershipairport. last year–whichwasthefirstsharebuy-backbyopenoffer inAustria–completestherestruc- InternationalAirporthasreducedto40%.Theplacing,followingthesharebuy-back Vienna result oftheplacing,publicsectorownership(CityVienna a andLowerAustria)of As 8.18% stakeinVienna InternationalAirportwithinstitutionalinvestors inAustriaandabroad. ___In MarchÖIAG(ÖsterreichischeIndustrieholding AG) hasplaceditsentireremaining movements by5.1%. The numberofpassengersincreasedby7.3%,maximumtake-offweight1.8%,andflight ___The developmentoftrafficduringthefirsttwomonths2001reflectedforecastlevels. ment. of terminal, extension expenditure ofslightlyover pletion scheduledduring2001.Plannedexpansionoftheairportwillbereflectedincapital ___During 2000aprocesswasinitiatedtodevelopnewstrategyfortheGroup,withcom- is expectedtoconstructthenewfacility. currently holda7%shareintheconsortiumthatwilloperateexistingBerlinairportsand convinced thatnegotiationswiththesellerswillreachtoapositiveconclusionin2001.We tegy. FollowingapprovaloftheBerlin-Brandenburgprojectbycompetitionauthorities,weare ___If suitableprojectsareavailable,wewillcontinuetopursueourinternationalisationstra- us toexpectafurtherincreaseinturnoverandsuccessfuldevelopmentofbusiness2001. mum take-offweight.Flightmovementsareanticipatedtoriseby3%.Theseprojectionslead vations, weexpectgrowthin2001ofapproximately5%thenumberpassengersandmaxi- ___Based onforecastspreparedbytheAustrianAirlinesGroupandcurrentlevelofreser- Further growthinturnover, emphasisoninternationalisation Outlook Subsequent Events the aprons,andpurchaseofrealestateforfutureairportdevelop- € 1 billionupto2006.Majorprojectsincludeexpansionofthe West hub. in EasternEurope roseby14%,whichunderscores ourincreasing importanceasanEast- alsorecorded anincreaseof22%. Thenumberofpassengers travelling todestinations the numberofpassengers flying withAustrianAirlines’competitorSwissairrose by53%. Alliance (withthesummerflight plan2000).Thischangeoveralsohadanotherpositive effect: dramatically fromAugust following theentryofAustrianAirlinesGroupin theStar was alsorecordedduring June andJuly, andthenumberoftransferpassengersrose year withanincreaseof12.3% duetothelateEasterholidays.Above-averagegrowth of9% relatively weakwithpassenger growthofonly1.8%,butAprilwasthestrongestmonth ofthe ___The developmentoftrafficvariedthroughoutthe reporting year. Thefirstquarterwas € plus of4.0%over1999.Althoughexpensesroseby4.8%, operatingprofitincreasedby Turnover ment gene maximum take-off,akeyearningsdriver, roseby6.6%to5.3milliontonnes.TheAirportSeg- increase of9.3%intransferpassengers.Flightmovements increasedby8.6%to186,469and the reportingyear. Thenumberofpassengers roseby6.6%to11.9million,withastronger ___Business intheairportsegmentwaspositivelyinfluenced bysolidtrafficgrowthduring Developments in2000 ment comprisestheclassicrangeofservicesprovidedbyanairportoperator. runway andterminalcapacityoverthemediumlong-term.Insummary, theAirportSeg- support ofexistingairlinesandacquisitionnewcustomers.Amajordutyistoguarantee access controlandwinterservicesarealsotheresponsibilityofthisbusinessunit,as with passengerandbaggagehandling.Flightoperations,firedepartment,medicalfacilities, ___The AirportSegmentcoverstheoperationofterminal,apronsandallfacilitiesinvolved 1) excludinginter-company turnover in Key DataontheAirportSegment Solid trafficdevelopment,growthinpassengers,cargoandMTOW The AirportSegment Segments ofBusinessinDetail BTmri 01 02 +0.3 –10.8 +4.9 +6.7 –3.3 40.2% 331 68.3 –54.3 29.4 352.4 40.1% 17.1 371 65.2 364.3 27.5 EBIT margin 37.5 Operating profit Allocated assets Employees Depreciation Capital expenditures € 68.3 million.TheEBITmarginequalled40.2%. mill. 1) rated turnoverof € 137.4 millionwith331employeesduringthereportingyear fora 3. 3. +4.0 137.4 132.1 99 00Change in % 2000 1999 4.9% to

44 Annual Report 2000 Segments 45 Annual Report 2000 Segments measures. of differentlevels. Thesizeableexpansion ofshoppingfacilitieswill alsoaccompanythese 180,000 qm.Related projectswillbecompleted by2007andwillbe realizedoveranumber Schengen and non-Schengenflights.Construction volumeinthefirst phasetotalsroughly along anewlybuiltpier. Thiswillprovideappropriatefacilities fortheseparatehandlingof standards forqualityandcomfort. Plansalsoincludetheconstructionof17docking position handle 20millionpassengers eachyearfrom2007,whilecontinuingtoguaranteeour current ___Expansion oftheNortheast Terminal willgiveVienna InternationalAirportthecapacityto phase oftheterminalexpansion notuntil2007. of eightnewinternationalbusgatesisnowscheduled forcompletionby2003andthefirst project willguaranteethatexpansionplansaccuratelyreflect growthintraffic.Theconstruction bühl-Baumschlager-Eberle architect group,andrepresentsakeydecisionforthefuture.This ___The commissionforthemajorairportexpansionproject wasawardedtotheItten-Brech- ment emphasizedthehighqualityofourservicesinan impressivemanner. tions inallareasdrewinternationalrecognition.Therecovery operationbyourfiredepart- personnel andsupportingteamsfromneighbouringcommunities, aswellsmoothopera- required tointerruptoperationsforonly45minutes.The outstandingworkofairportrescue 12 July2000,whichfortunatelydidnotresultinserious injurytopassengers.Ourairportwas 310on ___International headlinesfollowedtheemergencylanding ofaHapagLloydAirbusA authorized tooperateatVienna InternationalAirport. infrastructure wascreatedforVAS BodenverkehrsdiensteGmbH,thesecondgroundhandler installed. AnumberofotherairlinesweretransferredtoTerminal 2.Inaddition,thenecessary to AustrianAirlinesinTerminal 1,andacommonStarAlliancecounterforticketsaleswas baggage handlingarea).Check-incountersforLaudaAirandLufthansaairlinesweremoved in operatingprocedures,whichwewereabletomasterafterinitialdifficulties(chieflythe airport operationsin2000.ConversiontotheStarAlliancecheck-insystemrequiredchanges ___The changeoveroftheAustrianAirlinesGrouptoStarAlliancealsohadanimpacton one ofthefastesttransferairportsinEurope. ing timeat25minutesandfurtherreducethenumberofdelays.Vienna Internationalisstill were discontinued.Inspiteofrisingtrafficvolume,weabletoholdminimumconnect- New citiesinourflightplanincludedChicagoandWashington, whileflightstoHongKong During thereportingyear, 53airlinesofferedscheduledflightsfromVienna to138destinations. ___Capital expenditureintheairportsegmentwasapproximately Investments 00126,836/7.0% 111,581,000 11,940,000/6.6% 11,204,000 5,350,000/6.6% 5,020.000 2000 1999 Cargo 2000 1999 Passengers 2000 1999 Approximately in theuseofcheck-incounters, purchase ofrealestaterequiredfortheexpansionairport.Inordertoincreaseflexibility was notawardeduntilNovember2000.Roughlyhalfofactualinvestmentswererelatedtothe expansion andinternationalbusgates.Duetothecomplexproceduresinvolved,contract forecast levelfollowingthepostponementofmajorprojectssuchasplanningforterminal 00186,500/8.6% 171,700 MTOW 2000 1999 Flight movements Development ofTraffic real estateandplanningfortaxiways,apronsexpansionoftheterminal. expenditure isforecasttobe of roughly5%inthenumberpassengersand3%flightmovementsfor2001.Capital ___Based ontheconsolidationprocessinAustrianAirlinesGroup,weexpectgrowth Outlook a parallelrunway, whichwillformthebasisfordiscussionsinourmediationprocedure. (in tonnes) € 2 millionwasspenttopreparedocumentationontechnicalalternativesfor € 0mlin ihtemjrcmoetrltdt h ucaeof 60 million,withthemajorcomponentrelatedtopurchase € 1.6 millionwasinvestedinthepurchaseofplasmascreens. € 17.1 millionbelowthe

46 Annual Report 2000 Segments 47 Annual Report 2000 Segments L 7,3 2.3 1.6 1.4 2.3 2.8 3.3 278,435 40.8 7.8 11.6 189,743 168,782 8.0 279,183 330,159 394,438 4,870,507 1,381,062 930,927 953,714 KLM Swissair Deutsche AUA Number ofPassengersbyAirline 32% Passenger tariff 45% Landing tariff Revenue Structure-AirportSegment 2000 in % Infrastructure tariff Other 13% 10% Turnover 1) excludinginter-company turnover in BTmri 56 89 +21.2 +31.7 +6.6 +5.1 –10.6 18.9% +0.1 23.3 3.6 1,383 23.7 15.6% 3.8 17.7 1,297 22.6 4.0 EBIT margin 3.8 Operating profit Allocated assets Employees Depreciation Capital expenditures and 11.2 millionpieces ofbaggage werealsohandled. Themajor eventof theyearwas the 373,624 tonnes ofcargo(baggagein&out includingtransfer, mail,cargoincluding trucking) traffic, plusan additional20,499flightsin thegeneralaviationsegment. Moreover, atotalof ___During the reporting year186,469flight movementswereclearedfor scheduledandcharter represents growthof8.9%, which resultedprimarilyfromanincreaseinhandling volume. Handling Segmentgenerated turnoverof the thirdquarterof2000and ourlossofmarketsharewasthereforeminimal.In 2000the vide groundhandlingservices atVienna InternationalAirport,onlystartedfulloperations in GmbH, whichreceivedthesecond licensefromtheAustrianMinistryofTransportation topro- year, withvolumerising8.6%above forecast.MoreoverVAS FlughafenBodenverkehrsdienste ___The developmentofbusinessinthehandlingsegment wasexcellentduringthereporting Developments in2000 system) guaranteehighqualityandtheshortesttransfer timeinEurope. work procedures,andinnovativetechnicalsolutions (i.e. Funklan,baggagereconciliation and cargohandlingservicesatVienna InternationalAirport. Qualified personnel,optimised ___The HandlingSegmentregardsitselfasaspecialised, profit-orientedsupplierofground customers includeallairlinesflyingtoandfromVienna International Airport. by Vienna AircraftHandlingGmbH,asubsidiaryallocatedto thissegment.Potentialtarget ling, fuellingandparkingofgeneralaviationaircraft.Generalservicesareprovided handling andtrucking,managementoftheimportwarehouseaswellprivateaircrafthand- aircraft, preparationofflightdocumentsincludingsecurityandmanagementservices,cargo portation ofpassengersandcrews,cateringtransport,cabincleaning,towingde-icing general aviationflights.Theseservicesincludetheloadingandunloadingofaircraft,trans- ___The HandlingSegmentcomprisesawiderangeofservicesforscheduled,charterand Key DataontheHandlingSegment Strong growthintrafficsupportsgoodbusinessdevelopment The HandlingSegment € mill. 1) 0. 1. +8.9 117.9 108.3 99 00Change in % 2000 1999 € 117.9 millionwith1,383employees. Thisfigure

48 Annual Report 2000 Segments 49 Annual Report 2000 Segments maintain thequality ofhandlingservices, additionsincludedthreebar-less aircrafttugs( of ___The scheduledreplacement ofvehiclesandequipmentwasreflectedincapitalexpenditure Investments increase of31.7%overtheprior year. ___During thereportingyear, the HandlingSegmentgeneratedEBITof costs remainedatforecastedlevels. workforce. Inspiteofrisingfuelprices,insurancepremiums andmaintenanceexpenses,total time employees,overtimeduringhighlevelperiods, andanadditionof64employeestothe per hour, or50containersandbaggage wagonsevery15min.)wasmasteredwithextrapart- sengers (+9.3%)combinedwithhighpeaktimeratesin thebaggagecentre(ca.80containers ___Larger cargoandhandlingvolume,aswellanincrease inthenumberoftransferpas- started thesaleofclassicduty-freemerchandise. aviation comparedto1999.Inthethirdquarterof2000 shopinthegeneralaviationterminal in theareaofprivateaircrafthandlingandbrokerageledtohigherturnoverfrombusiness this segmentofbusinessbyincreasingthehandlingsmallcargoaircraft.Extensiveefforts its activitiesthroughcontractswithvariousfreightcompanies.VAH hasdecidedtopromote ___In thegeneralaviationsegment,Vienna AircraftHandlingGmbHexpandedthescopeof East andEasternEurope. andneighbouringEastEuropeancountries,especiallytodestinationsintheFar provinces home carrierandaflightplanthatprovidesconvenientconnectionsfortheAustrian our with in trucking,exportsexceededimports.Thisdevelopmentwasdueprimarilytohighervolume truck) wassubstantiallyhigherthanaircargo.Withanincreaseof10.4%incargoand37% growth of12.1%over1999.Theincreaseintruckingvolume(substitutetransportationby ___With atotalvolumeof180,667tonnes,thecargosegmentrecordedparticularystrong with anadditional17,320movements,whichrepresentsincreaseof49%over1999. total movements.AsaresultofthisallianceshifttheQualiflyerGroupincreasedfrequency entry oftheAustrianAirlinesGroupinStarAlliance,whichgenerated129,435or69% mill.), fourtwo-way passengerbusses( To improve logisticsprocedures, system inthecargoimport areaand installanautomatic weights andmeasurement system. € 3.8 millionduring2000.In order toreduceoperatingcostsoverthemedium-term and € 0.5 millionwas investedtoredesignthe warehousing € 1.2 mill.),and two passengerescalators( € 23.3 million,an € 0.3 mill.). € 1.1 74% Handling Apron 15% Cargo Management Classification ofTurnover intheHandlingSegment conscious handlingcustomerBritishAirways. A positivesignistheconclusionofathree-yearcontractwithcost-effectiveandquality- management andactivemarketdevelopmentasasolidfoundationtomeetnewchallenges. ___The HandlingSegmentviewsitsinternationallyrecognisedknow-how, ongoingcost role inthedevelopmentofaircargosector. is expectedtogrow. Integratorfunctionsarealsoexpectedtoplayanincreasinglyimportant tinual declineinaircargocapacityandresultinglimitedgrowthairfreight,truckingvolume market. Total handlingvolumeisthereforeexpectedtodeclineslightlyin2001.Giventhecon- commenced operationsinfull,butweexpecttomaintaina95%shareofthegroundhandling 3% inflightmovements.OurcompetitorVAS BodenverkehrsdiensteGmbHwillalsohave result oftheconsolidationprocessinAustrianAirlinesGroup,weexpectanincrease ___Developments inthe2001businessyearwillbeinfluencedbytwomajorfactors.Asa Outlook General Aviation (VAH) Traffic Handling 2% 9%

50 Annual Report 2000 Segments 51 Annual Report 2000 Segments Turnover sales bytheNon-Aviation Segmentdecreasedby0.4%to index andpurchasingpowerplayamoredecisiverole.Duringthereportingyear, thirdparty airport. Pricesforelectricity, telecommunicationsandrawmaterials,theconsumerprice ___Turnover inthe Non-Aviation Segmentisnotdirectlyrelatedtothevolumeoftrafficat Developments in2000 reporting year, theNon-Aviation Segmentcontributed22%toGroupturnover. nications, dataprocessing,energyandwastedisposalfromthisbusinessunit.Duringthe ment. Thenearly200companieslocatedattheairportreceiveservicessuchastelecommu- and marketingofrealestate,trafficconnections,technicalservicesconstructionmanage- shopping, gastronomy, carparks,VIPCentreandlounges,securityservices,development ___The Non-Aviation Segmentincludesvariousservicesrelatedtoairportoperationssuchas 1) excludinginter-company turnover in Key DataontheNon-Aviation Segment Results stabledespitelossofduty-freesales The Non-Aviation Segment BTmri 26 34 +3.3 +6.8 +7.0 +0.6 –4.1 23.4% 804 26.8 –39.2 11.2 114.4 22.6% 6.9 753 25.0 119.3 11.1 EBIT margin 11.4 Operating profit Allocated assets Employees Depreciation Capital expenditures same space –willhave animpact on resultsin2001. Positive effects fromtheseprojects–for example, McDonaldshave doubled turnoverinthe from therental ofgastronomyspacefell by 5.8%becauseoftherenovation ofspecificareas. At present,we areresponsibleforroughly 5,800telecommunications extensions.Revenues area, wewerealsoabletoadd newnetworkcustomersbyofferingspeciallydesigned solutions. market presenceledtolower pricesforourtelecommunicationscustomers.Inthe real estate costs alsoshowedanabove-average declineduring2000.Thesteadypursuitof a common year, butthisfavourabletrendwasoffsetbyhigherpurchase prices.Telecommunications expense intheNon-Aviation Segment.Heatingrequirements werelowerduringthereporting ___Falling pricesforelectricity reducedturnover, butalsocausedadeclineinoperating The airportnowhasspaceforatotalof10,500vehicles. Car Park4inMarch2000,oursupplyofcoveredparking spacesincreasedby47%to4,631. in traffic,andisdueparttoahighercomponentofshort-term parking.Withtheopeningof Revenue fromparkingroseby4.3%to ments forairlines.Duringthereportingyear, VIASrecordedanincreaseof4.5%inturnover. wheelchairs andothersecurityservicessuchasthecontrol oflargebaggageortraveldocu- trian FederalMinistryoftheInterior. Additional revenueisgeneratedfromthetransportof (VIAS), whichisresponsibleforthecontrolofpersonsand handluggageonbehalfoftheAus- ___Security servicesareprovidedbyVienna InternationalAirport SecurityServicesGesmbH margin equalled23.4%. on wasgeneratedwith804employees,foranincreaseof7.0%overtheprioryear. The EBIT € mill. 1) 9920 C 1999 2000 207. –0.4 71.7 72.0 € 12.4 millionin2000.Thisincreaseexceededthegrowth € 71.7 million.EBITof hange in% € 26.8 milli- Income ( Gastronomy Income ( eln pc q)470426–10.9 of thisEU regulationbecause ofthe importanceof theshopping segmentfortotal rentalincome. Revenues for Flughafen WienAGfromshop rentaldid,howeverdecrease by14%asaresult 4,216 the considerable potentialofthissectoreven aftertheendofduty-free saleswithintheEU. offset almost entirely byasignificantrevenue increaseintheother shops,whichillustrates shop turnoverreachedalevel of to offsetthismeasureslowed thelossinturnovertoonly development ofturnoverin the 76airportshops.Thetimelyimplementationofnew strategies 4,730 ___The absenceofduty-free salesfortravelwithintheEUasof1July1999influenced the +2.7 Turnover ( Selling space(qm) 5,934 5,780 Shop turnover( Selling space(qm) Shopping € € € il)1. 03–13.9 10.3 11.9 mill.) il)2523–5.8 2.3 2.5 mill.) il)1. 49+3.5 14.9 14.4 mill.) € il)7. 45–2.5 74.5 76.4 mill.) € 74.48 million.Turnover declines intheduty-freeareawere 9920 in% 2000 1999 in% 2000 1999 € 1.90 million(–2.5%),andtotal

52 Annual Report 2000 Segments 53 Annual Report 2000 Segments investments werealsomadeintheITarea. which isnowthelargestfacilityofitskindinAustriawithspacefor2,389vehicles.Smaller year. ThemajorcomponentoftheseinvestmentswasrelatedtothecompletionCarPark4, 21% Security Services 6% Telecommunications andIT Classification ofTurnover intheNon-Aviation Segment ___Capital expenditureintheNon-Aviation Segmenttotalled Investments through largerselectionandpleasantsurroundings. to 15%belowlevelsoutsidetheairport–andthiswithabetter-quality shoppingexperience the traditionalduty-freerangeofmerchandise(exceptcigarettes)toconsumersatprices10 introduced at150locationsacrossEurope.Theprimarysellingpointoftheseshopsistooffer Value brandandincreasingconsumerrecognitionofthisflagshipconcept,whichwillbe our tenants,andthemedia.ParticularemphasiswasplacedonadvertisingforTravel nised anumberofinterestingpromotionalcampaignsinco-operationwithAustrianAirlines, ___Total sellingspaceincreasedby2.7%to5,934qm.Inorderstimulateturnover, weorga- trian Airlinessuccessortoduty-free,wasalsocompletelyremodelled. (e.g. Billa,Swarovski,Adonis,Tie Rack).ThelargestTravel Value &Duty-FreeShop,theAus- ___A numberofexistingshopswererenovatedtoreflectcurrenttrendsinairportretailing 40% Rental € 6.9 millionforthereporting Technical Services Parking Other 20% 12% 1% for theITarea. increase totalspaceavailableforrental.Majorcapitalexpenditureof fac a of completion ___The port services. line telecommunications,tr offer servicesattheairport.InnovativetechnologieswillnewsolutionsforGSM,fixed- tions area.Inkeepingwithourmulti-providerstrategy, anotherfixed-lineproviderwillstartto ___Despite afurtherdeclineinprices,weexpectsatisfactoryearningsthetelecommunica- of securityservicesisforecastedtoremainattheprioryearlevel. higher turnoverfromtheshoppingandgastronomyarea.Turnover generatedbytheprovision space –andestablishmentofthenewTravel Value concept onthemarketleadustoexpect ___Measures initiatedduringthereportingyear–renovationofgastronomyandshop Outlook ansmissions fromfixedlinestoGSM(gateways),andmobileair- ility formessengerservicesandexpansionofcargospacewill € 9.4 millionisplanned

54 Annual Report 2000 Segments 55 Annual Report 2000 Innovation ment and creationof anadditional exithasincreased speed. has reducednon-identifiable baggagesignificantly, andthereplacement ofconveyerequip- equipment. The implementationofstate-of-the-art technologyforautomatic barcodereaders ___Investments withatotalvolumeof Optimisation ofBaggageSorting Equipment system willsupplyvaluable dataforbothplanningpurposesandthemediationprocess. and includesidentificationof thetenloudestaircrafttypesatanyparticularpoint.The FANOMOS displayed forspecifictimeframes. Anintegratedreportingtoolmakesspecialanalyses possible, import ofactualflightroutes intoanoisezonecalculationprogram,emissions canbe mation, forexamplethedistancefromanaircrafttoaparticular roadinVienna. Throughthe the evaluationanddepictionofflightroutes.Theaddition of"layers"willprovideextrainfor- used torecordflightmovementsandnoise.Integration intheairportnetworkwillpermit ___Investments totalling FANOMOS Upgrade time. Similarinternationalsystemsarecurrentlyinoperation inParisandSydney. implementation of"ArrivalManager"arecomplexand willrequireadditionaldevelopment over residentialareas,whichisofcentralimportanceto thelocalpopulation.Preparationsfor optimise capacityduringpeakperiodsandtoselectnight-time routesthatminimiseflights rations, especiallyforunloadingandcatering."Arrival Manager"canbeprogrammedto information onaircraftlandings.Thiswillrepresentasignificantadvantageforarrivalprepa- from lowerfuelconsumptionandVienna InternationalAirportwillreceivemoreprecise pilot oftheoptimalapproachspeedtoavoiddetoursandwaitingtime.Airlineswillbenefit initiate anapproachsequenceatadistanceof150miles.AustroControlwillthennotifythe system willregisterallaircraftwithinaradiusof200milesfromtheairportandautomatically Project is"ArrivalManager",acomputerapplicationdevelopedbyAustroControl.This mance, andreduceturnaroundtime.OneofthemostimportantservicesinitiatedbyAAA the threecompanies,optimisearrivalanddepartureprocedures,improveon-timeperfor- port startedworkontheAAAProject.Thisundertakingwillservetoimproveprocessesbetween ___During thereportingyearAustrianAirlines,AustroControlandVienna InternationalAir- AAA Project High-tech systemsbenefitcustomersandneighbouringresidents Innovation € 0.2 mill.weremadetoimprovetheFANOMOS system,whichis € 1.9 mill.were made tooptimisethebaggage sorting registered forfreeinfluenza vaccinations. the handlingservices businessunittookpart ina"healthyback"seminar and336employees financial support forparticipationina non-smoking program.One hundredmembersof advantage of free healthcheck-upsinour Companymedicaldepartment. We alsoprovided of worksafety, toreduceaccidents andrelatedsickleave.Atotalof117employees took and damagesinvolvingaircraft fellby36%.Furtheractionsareplanned,especially in thearea safety producedresults:despite anincreaseintraffic,damagetopropertydecreased by11% ___The accidentanalysissystem implementedin2000andrelatedmeasuresto improve Safety First cians andgeneralmechanics,afurther7ascommercial clerks. fitters, sanitationandclimatecontroltechnicians,electricians, automotivemechanics/electri- languages. Atpresentwearetraining27apprenticesto becomemachineryassemblersand on subjectsrangingfromPCtrainingtomanagement and personaldevelopmentorforeign ___During thepastyear388employeesfromallbusiness unitstookpartin93differentcourses Training andContinuingEducation during thereportingyearwithproductivityrisingby2.5%. per employee,whichequalssalespassengeror100 kg ofcargoorairmail,increased of theworkforceis38.4years,andaveragelength serviceroughly11years.Traffic hafen WienAGhadatotalof2,312employeesasthe balancesheetdate.Theaverageage of wageemployeesincreasedby5.1%andthenumbersalaried0.7%.Flug- with 1,895wageand749salariedemployees.Comparedtotheprioryear, thenumber ___As ofthebalancesheetdate,FlughafenWienGroupemployedaworkforce2,644– Number ofEmployees board andauditors. The foundationisdirectedandcontrolledbyanindependentmanagementboard,advisory and havetheopportunitytoreceivehigherpaymentsifdevelopmentofbusinessisgood. limited toone-month’s salary. Employeesarenowpaiddividendslikeallothershareholders were tive bargainingagreementandwaivedtheirrightstoEBIT-based bonuses.Thesebonuses dation. Inexchange,theemployeesofFlughafenWienAGagreedtoachangeincollec- 10% ofissuedsharecapital,whichwasrepurchasedin2000,tothisindependentprivatefoun- Company throughdividendspaidbyaprivatefoundation.FlughafenWienAGtransferred ___Since theendoflastyear, employeeshavebeenabletoparticipateinthesuccessof our Employee Foundation Employees nowparticipatedirectlyindividendsthroughaprivatefoundation Employees again units

56 Annual Report 2000 Employees 57 Annual Report 2000 Employees of ___During 2000wesupportedtheEmployeesCulturalandSportAssociationwithasubsidy Social Activities open tochildrenofnon-Companyemployees. record andoptimiseallCompanyprocesses.Thisprojectwillbecontinuedin2001. was theimplementationofanEDP-basedprocessmanagementsystem,whichisdesignedto rating of55%,resultsexceededourexpectations.Anotherfocalpointworkduring2000 employees arehighlysatisfiedorwithworkprocessesintheirorganisation".Witha ___Our annualemployeesurveycollecteddataonprogresstoreachourqualitygoal:"50%of provided anopportunitytoexchangeinformationandexperiences. teamwork andmanagementduringthereportingyear. ThefirstVIEmanagersconference these skills80managerstookpartinseminarsoncommunications,personaldevelopment, teamwork, managementtrainingandjointdevelopmentofcompanygoals.Inordertoimprove on satisfiedcustomersandemployees,thepermanentimprovementofworkprocesses, ___In keepingwithourphilosophyof"Total QualityManagement",weplacehighpriority Quality Management enthusiastically receivedbyallparticipants. from 5.30amto8pm).Thisfacilityalsooffershalf-dayservices(for employees –especiallyshiftworkers-withsmallchildrenthroughlongopeninghours(daily ___In FebruaryFlughafenWienAGopenedadaycarecentre,whichwillmeettheneedsof New DayCareCentre 00 5,567/+2.5% 5,433/+2.1% 5,321/+6.3% 5,005/+8.1% 4,630/+1.3% 2000 1999 1998 1997 1996 Traffic UnitsperEmployee o-vain804 331 Administration Non-Aviation Handling Airport Employees bySegment € 36,366. On12differentdatesourWorks CouncilorganisedtripstoLondon,whichwere (not allocated) 126 € 2.75 perhour)andis 1,383 more landings onRunway 11than in1998. figure wasstill 5%abovethelong-termaverage. Inabsolutenumbers, thistranslatesinto50% of flightsover Vienna onapproachtoRunway11 from21.3%in1999to15.4% in2000,this ___Although the above-mentionedunusual windsituationsignificantly decreasedthenumber Complaints range. Nodeviationswererecorded forlandings. and doesnotendangersafety. Allaircraftwerewithintheinternationallyacceptable tolerance this increaseindeviationsdoes notrepresentachangeintheadherencetocurrentregulations deviations fromnormalflight pathsin2000,or0.6%ofalltake-offs.Itshouldbe noted that ___Our FlightTrack andNoiseMonitoringSystem (FANOMOS) registered576(1999:313) by 8.4%,butthenumberofnightflightsonly2.8%. months oftheyearremainedrelativelyconstant.Thenumber oftotalflightmovementsrose does notincludeanypopulatedareas.Thenumberof aircraftduringthesixheaviesttraffic continuous soundlevelsectorcoveredanareaof10.74 km fore notdirectlycomparabletoprioryears.Forthereporting year, the66dB(A)equivalent flight canbe"heard")werealsoincludedinthiscalculation. Thenoisezonefor2000isthere- Guideline No.24forthedeterminationofnoisezones, new fly-overtimes(=lengthoftimea ___Noise zonesfor2000werecalculatedbasedonnew inputdata.InaccordancewithÖAL landings. reductions comparedto1999.Noimprovementswererecordedinmaximumnoiselevelsfor 11 landingzoneinSchwechat(–2.4dB(A))andVienna-Simmering (–1dB(A))alsoshowed notable reductionof2.6dB(A)inMariaLanzendorf.MeasurementstationsalongtheRunway Zwölfaxing, MariaLanzendorfandRauchenwarthrecordedadecreaseinnoiselevels,with declined tothe1998level.MeasurementstationsalongapproachRunway29in annual leveleverrecorded.Values registeredatKleinneusiedlfortheRunway 11take-offzone ___The Fischamendmeasurementstationshowedadecreaseof1.5dB(A)tothelowest six months. measurement stationsin1999arenotrepresentativebecauseRunway16/34wasclosedfor level wasmadepossiblebytheincreaseduseofquieteraircraft.Recordingsthese should benotedthatflighttraffichasrisenby12.8%since1998.ThisreductionintheLDN tinuous soundlevel(LDN=DayandNightLevel)againreachedthe1998point.Howeverit Gross-Enzersdorf, Enzersdorf/Fischa,SchwadorfandMargarethen/Moos),theequivalentcon- urement stations.Inthetake-offandlandingzoneforRunway16/34(Vienna-Donaustadt, ___This incidentcausedanexpectedincreaseinnoiselevelsrecordedbythe12fixedmeas- led toanincreaseinthenumberofflightsoverVienna. for landingsbysoutherlywinds.Anunusuallyhighproportionofsuchwindsintheprioryear August 11duetotheHapagLloydaccident.Duringthisperiod,onlyRunwaywasavailable instrument landingsystemforRunway16,whichwasnotavailablebetweenJuly12and ___There wereveryfewoperatingrestrictionsonairtrafficduring2000.Oneexceptionwasthe Noise LevelMonitoring New basisdataforcalculationofnoisezone Environmental Statement 2 (1999: 15.16km 2 ), butthiszone

58 Annual Report 2000 Environment 59 Annual Report 2000 Environment total of proof windowsinneighbouringcommunities.Sincethestartofthisproject,wehavemadea ___During thereportingyear, weprovided Subsidy forSound-proofWindows will beMargarethen/Moos. surrounding theairport.Thenextsiteforinstallationofpollutionmeasuringequipment results indicatethatflightoperationshavenomeasurableeffectonairqualityintheregion Lower Austriangovernment,andpresentedinterpretedinaspecialreport.Ingeneral, with measuringequipmentinstalledin1997.Thisinformationwasrecordedbyofficialsofthe ___We havecollecteddataonpollutioninRauchenwarthandZwölfaxing(notyetcompleted) Pollution Monitoring from Schwadorf,Enzersdorf/Fischa,ZwölfaxingandGross-Enzersdorf. Vienna, mainlyfromDistricts22and15.Thehighestnumberofcomplaintsperresidentcame still remainedrelativelyhighat1,150.Seventypercentofthesecomplaintscamefrom closed forrenovation.Thisledtoareductionof27%inthetotalnumbercomplaints,which ___In addition,approachestoRunway16doubledfromthe1999level,whenrunwaywas ina13110803 1,150 347 1,120 1,578 458 143 373 230 0 0.3 576 Lower Austria Vienna Total 0.2 0 186,469 313 Noise Complaints 0.2 171,682 0 256 165,242 Total deviationsin% Deviations inlandings Deviations intake-offs Flight movements Deviations € 1.3 millionavailable. 9819 2000 1999 1998 2000 1999 1998 € 363,364 ofsubsidiesfortheinstallationsound- e-mail: [email protected] +43-1-7007-22103 ___For additionalinformation, contactDagmarLang: mediation processcanbeobtained fromwww.viemediation.at. mediation procedureshould beconcludedbySpring2002.Additionalinformation onthe joint workinMarch2001. The contentandpositionsarenowbeingdiscussed. The actual which identifiedparticipants fortheprocess,anddefinedcontent,structure rulesfor input forfurtherworkinthe mediationforum.Theforumfinalisedthe contract advantage ofthisopportunity tovoicetheiropinions.Thesediscussionsprovided valuable experienced consultationteam.Atthefirstmeetingin November morethan200peopletook of FlughafenWienAGandtheabove-mentionedgroups hasselectedaninternationally Act, weareseekingaconsensuswithallinvolvedparties. Agroupincludingrepresentatives Prior tothestartofapprovalprocedurerequiredunder theAustrianEnvironmentalImpact citizens’ committees,theProvincesofVienna andLowerAustria, andenvironmentalauthorities. have initiatedamediationprocesswithrepresentatives ofneighbouringcommunities, 2000. Sincethesedevelopmentplanscanbeasource of anxietyforthelocalpopulation,we on ourexpansionplanswasincreasedbychangedemphasis andadditionalresourcesin ___Our determinationtoprovideneighbouringresidents withextensiveandtimelyinformation Mediation incident withcolleaguesfromotherEuropeanairportsinnumerousspeeches. ground data.We havesincebeenabletosharetheexperiencegainedfromthisunusual provided nearly150mediarepresentativeswithup-to-the-minuteinformationandback- press conferences.Duringthefirstfivedayswecoordinated21livetelevisioninterviewsand emergency landing.Ourstafforganisedfilmandphotoopportunities,interviewpartners, media representativesand18televisionteamsarrivedonsitewithinashorttimeafterthe gers wereinjured,butnationalandinternationalmediainterestwasstillenormous.Over80 members onJuly12,2000wasthemajoreventofreportingyear. Fortunatelynopassen- ___The emergencylandingofaHapagLloydAirbus310with142passengersand8crew- July 12,2000 is theinitialcontactpartner. normally havelittledirectrelationtoourbusiness,butforwhichtheCommunicationsOffice many differentfacets.Onanalmostdailybasisourairportisthesettingforeventsthat ___Our communicationsworkdiffersfrommanypubliclytradedcompaniesinthatithas Mediation processstarted Communications

60 Annual Report 2000 Communications Brains The "red cap" is the mobile brain of an airport.

Even if an explanation seems logical, the results are still fascinating.

Precision Over 2,600 employees guarantee smooth operations.

The magic of the invisible is based in real figures.

Financial Statements 2000

Flughafen Wien AG unvr(9 2,3. 312,611.6 327,438.5 (29) Turnover iaca eut ,9. 6,347.8 9,493.9 13,681.4 -6,458.7 17,953.3 917.4 12,806.5 -874.9 (5) -34,138.3 317,548.5 8,576.4 -133,184.4 (4) -11,127.4 -44,586.5 89,500.9 -42,791.4 4,936.9 334,361.8 -133,223.3 0.0 -17,933.5 (6) (3) 93,110.4 -44,416.2 (2) 6,923.3 -19,025.3 (9-12) 1,750.6 Financial results (1) Income fromassociatesatequity Financial results,excl.associatesatequity (4) Other incomefromfinancingactivities Net financingcosts Income frominvestments,excl.associatesatequity Income beforeinterestandtaxes(EBIT) Other operatingexpenses depreciation offixedassets Amortisation ofintangibleassetsand Personnel expenses Cost ofmaterialsandservices Operating income Other operatingincome in T Flughafen WienAG for theperiodfrom1Januaryto31December2000 Consolidated IncomeStatement rftfrteya 309661,949.0 21,000,000 -33,899.7 20,881,918 73,099.6 -33,899.7 (9) -26,154.6 -30,014.3 95,848.7 95,848.7 (8) 99,254.2 102,604.2 0.0 (inT Recommended/paid dividend (in Recommended/paid dividendpershare Earnings pershare (in -3,350.0 (weighted average) Number ofsharesoutstanding 3, Profit fortheyear (7) Taxes onincome Tax savingsfromtaxreimbursement"KMOG" foundation Taxes onincome from "KMOG"foundation Profit beforetaxafterreimbursement Reimbursement from"KMOG"foundation Profit beforetax € € .82.95 3.48 ) € 410033,600.0 44,100.0 ) € .01.60 2.10 ) oe20 1999 2000 Note 5. 0.0 859.7

70 Annual Report 2000 Income Statement 71 Annual Report 2000 Balance Sheet o-urn eevbe 1)7. 71.4 1,592.2 41,795.2 2,792.0 78.3 122.3 40,325.3 2,612.1 (14) (13) 474,355.1 (12) (10) 458,547.7 (11) Non-current receivables Other financialassets Associates –atequity Property, plantandequipment Intangible assets ASSETS in T Flughafen WienAG as at31December2000 Consolidated BalanceSheet urn iblte 953390,004.9 800,200.2 17,468.9 89,583.3 750,379.3 14,195.1 0.0 12,972.3 58,340.9 571,241.3 26,621.0 138,954.0 46,299.8 (26) 513,655.5 3,690.2 (27) 147,140.5 (24) 13,136.5 125,817.5 800,200.2 152,670.0 117,657.3 (25) 136,032.9 11,107.6 750,379.3 152,670.0 117,657.3 268,630.7 (22) (23) 300,914.0 (19) (20) 2,638.6 216,759.2 243,328.2 Equity and Liabilities 31,001.9 Current liabilities 3,004.9 Other current liabilities (21) Trade payables 234,990.2 33,512.9 531,569.5 Current financialliabilities Current provisions 10,963.7 (16) 180,241.4 533,620.1 (17) Non-current liabilities Other non-currentliabilities 31,934.5 (18) Non-current provisions Equity (15) Retained earningsandreserves Share premium Share capital EQUITY ANDLIABILITIES Assets Current assets Cash andcashequivalents other currentassets Current receivablesand Inventories Non-current assets Deferred taxassets € oe3.220 31.12.1999 31.12.2000 Note eamn fbroig ,9. -91.8 3,690.2 300.0 -30,889.7 0.0 -31,687.5 -7,867.1 7,744.0 158.6 19,345.2 Repaymentofborrowings - -3,712.9 -18,643.6 -2,518.0 -366.3 Cashflowfromnon-repayablesubsidies + -1,870.3 -1,843.6 Income taxespaid -2,373.8 48,606.5 - Increase /-Decreaseinliabilities -1,714.6 47,357.1 + Increase /-Decreaseinprovisions + Increase /+Decreaseinreceivables - Increase /+Decreaseininventories - Reversalofinvestmentsubsidiesfrompublicfunds - Loss/-Gainonthedisposaloffixed andfinancialassets + Depreciation/-Write-ups offixedandfinancialassets + Flughafen WienAG Consolidated CashFlowStatement iied-3600-30,522.6 -33,600.0 0.0 For notes seePoint(28) -94,500.0 209,686.5 -157.7 234,990.2 -4,555.4 Cashandcashequivalentsatthebeginningofyear + Additionto/-Reversalofrevaluationreserveforsecurities + -11,047.7 -1,128.1 2,443.4 Dividend - 2,848.4 Purchaseoftreasuryshares - Paymentsmadeforinvestmentsinfinancialassets - -28, Paymentsmadeforinvestmentsinfixedassets(excl.financialassets) - Paymentsreceivedonthedisposalof financialassets + Paymentsreceivedonthedisposaloffixedassets(excl.financialassets) + rftbfr a 0,0. 95,848.7 102,604.2 148,135.1 132,619.2 Net cashflowsfromordinaryoperatingactivities Profit beforetax in T iied eevd4. 0.0 43.5 88.9 14,729.3 212,001.8 43.9 152,434.3 18,151.0 6,972.3 2,416.9 25,461.4 234,990.2 -50,193.4 180,241.4 Dividends received -30,614.4 Interest incomefromoperating activities Interest expenseforoperating activities -124,409.8 -61,169.6 Thereof unrealisedgains(+) /losses(-) Thereof currentsecurities -26,715.3 Cash andcashequivalentsattheendofyear Change incashandequivalents 117,245.4 Net cashflowsfromfinancingactivities 100,931.7 Net cashflowsfrominvestingactivities Net cashflowsfromoperatingactivities € 3. -52,941.0 532.6 001999 2000 7075.8 97.0

72 Annual Report 2000 Cash Flow 73 Annual Report 2000 Capital and Reserves aac n3.219 5,1. 1,5. ,0. 6,4. . 539,919.0 0.0 264,942.9 4,705.8 117,657.3 152,613.0 Balance on31.12.1998 in T rftfrteya 007,9. 73,099.6 -33,600.0 0.0 421.1 -94,500.0 73,099.6 -94,500.0 -33,600.0 80,020.0 -80,020.0 -3,006.6 421.1 513,655.5 -4,030.0 -2,585.5 245,763.1 10,450.0 0.0 1,595.1 -30,522.6 -10,028.9 117,657.3 -3,006.6 10,450.0 152,670.0 0.0 -10,450.0 -104.1 For notessee Points (19)to(21) -3,006.6 -104.1 -30,522.6 0.0 Balance on31.12.2000 0.0 Dividend paymentfor1999 571,241.3 0.0 Profit fortheyear2000 0.0 Transfer oftreasuryshares Purchase oftreasuryshares 296,312.3 4,601.7 -104.1 the incomestatement -104.1 117,657.3 Gains andlossesnotreflectedon 0.0 Employee foundation 152,670.0 Market pricelossontreasurystock Revaluation ofsecurities 0.0 Balance on31.12.1999 Dividend paymentfor1998 Conversion ofsharecapitalto the incomestatement Gains andlossesnotreflectedon Revaluation ofsecurities rftfrteya 996,4. 61,949.0 61,949.0 Profit fortheyear1999 € Flughafen WienAG Capital andReserves Consolidated Statementof € capital hr-Share Share- 70-700.0 -57.0 57.0 rmu eev annsstock earnings reserve premium con and account Revaluation Retained reserves other Treasury Total solidation. this company has animmaterialeffecton theGroupandistherefore notincludedinthecon- and willalsoconstruct andoperatetheBerlin-Brandenburg International Airport.Atpresent System. Thisconsortium planstoacquire 7%ofthesharesinBerliner Flughafengesellschaft, m.b.H. holdsaninterestina consortiumforprivatisationoftheBerlinBrandenburger Airport Flughafen Wien/Berlin-Brandenburg InternationalEntwicklungsbeteiligungsgesellschaft is providedintheappendix totheNotes. An overviewofcompaniesincluded intheconsolidationandmethods used Group companies. exert control.Theconsolidated financialstatementsincludeallmaterialFlughafen Wien policy. Subsidiariesareincludedintheconsolidationbeginning atthetimeGroupcan the majorityofsharesorinwhichGroupcanotherwise controlfinancialorbusiness ___The consolidationincludesallsubsidiariesinwhich theGroupdirectlyorindirectlyowns Consolidation Range dance withuniformGroupaccountingandvaluationprinciples. The financialstatementsofcompaniesincludedinthe consolidationarepreparedinaccor- which "totalcosts"areshown. convention. Theincomestatementwaspreparedinkeeping withtheAustrianmethodunder ___The consolidatedfinancialstatementswereprepared inaccordancewiththehistoricalcost Significant AccountingPolicies shown inthousandEuro(T accounting systemstoEuro.Inorderprovideabetteroverview, amountsaregenerally ___As of1January2000FlughafenWienAGanditsmajorsubsidiariesconvertedtheir inEuro Reporting dance withtheAustrianCommercialCode. statements underAustrianlaw. Therefore,financialstatementswerenotpreparedinaccor- legal requirementsfortheexemptionfromobligationtoprepareconsolidatedfinancial ___In keepingwith§245aoftheAustrianCommercialCode,thesefinancialstatementsfulfil Standards (IAS)ineffectforthe2000BusinessYear. for the2000BusinessYear. ThesefinancialstatementsreflecttheInternationalAccounting time inaccordancewiththeprinciplessetforthInternationalAccountingStandards(IAS) ___The consolidatedfinancialstatementsofFlughafenWienAGwerepreparedforthefirst inaccordancewithInternational AccountingStandards(IAS) Reporting General Information Flughafen WienAG Statements 2000 Notes totheConsolidatedFinancial in Schwechat,Austria. Airport andtheVöslau-KottingbrunnAirport.TheheadquartersofCompanyarelocated all relatedfacilities.Asacivilairportoperator, theCompanymanagesVienna International ___The businessofFlughafenWienAGistheconstructionandoperationcivilairportswith Information ontheCompany shown, androundingdifferencescanthereforeoccur. € ). Theseroundedfiguresalsoincludeexactamountsthatarenot

74 Annual Report 2000 Notes 75 Annual Report 2000 Notes of alower amount. Receivables are statedatnominalvalue, unless individualrecognizable risksrequiretheuse Receivables price methodisusedforvaluation. ___Inventories arestatedat historicalcostorthelowernetsalesvalue.Themoving average Inventories increase invalue,butnohigher thantheoriginalpurchaseprice. the reasonsforthisextraordinary write-downnolongerexist,awrite-upismadeequal tothe in valueisexpectedtobepermanent.Ifcircumstances inalaterbusinessyearindicatethat pensation andpensions.Write-downs areonlymadetoreflectalower marketpriceifaloss fulfil coveragerequirementsunderAustriantaxlawfor theprovisionsforseverancecom- ___In keepingwithIAS25,non-currentsecuritiesarevalued atpurchasepriceandserveto 10–20 of secondaryimportance,arestatedatacquisitioncost. 25–50 ___Investments insubsidiaries,whicharenotincluded intheconsolidationbecausetheyare 4–10 Financial Assets immediately withanappropriatechargetotheincome statement. sheet date.Anygoodwillnotcoveredbyanexpected future economicbenefitisamortised years. Thefutureeconomicbenefitofremaininggoodwillisanalysedaseachbalance on astraight-linebasisovertheassumedusefullifeofasset,uptomaximum20 purchased identifiableassetsandliabilitiesonthedateofacquisition.Goodwillisamortised 5–20 ___Goodwill isdefinedasthesurplusofpricepaidforacompanyovervalue Goodwill taken foradditionsmadeduringthesecondsixmonths. ciation istakenforassetspurchasedduringthefirsthalfofyear;one-halfthisamount ___Low-value assetsarecompletelywrittenoffintheyearofpurchase.Afullyear’s depre- 4–15 Concessions andrights Other equipment,furniture,fixturesandofficeequipment Technical equipment andmachinery Facilities Buildings the followingusefullives: straight-line depreciationoramortization.Ordinaryandamortizationisbasedon ___Tangible and intangibleassetsarevaluedatpurchaseorproductionpricelessordinary Tangible andIntangibleAssets with anappropriatechargeorcredittotheincomestatement. Interim profitsarisingfromthetransferofassetsbetweenGroupcompanieswereeliminated companies oftheGroupwereeliminated. All expensesandrevenuearisingfromtheprovisionofgoodsorservicesbetweenmember ing liabilitiesandprovisions. For theconsolidationofliabilities,receivablesandloansgrantedwereoffsetwithcorrespond- value oftheinvestment(equitymethod). For associates,theproportionalshareofprofitorlossisaddedtosubtractedfrom amortised onastraight-linebasisovertheirusefullife. the pointoffoundingorpurchase.Anypositivedifferencesarerecordedasgoodwilland the acquisitionpriceofaninvestmentiscomparedwithrelevantshareholders’equityat The bookvaluemethodisusedtoeliminatetheinvestmentandequity. Underthismethod, of allmajorcompanieswereauditedandverifiedbycertifiedpublicaccountants. the samedateusedforconsolidatedfinancialstatements.Theannualstatements ___The financialstatementsofcompaniesincludedintheconsolidationwerepreparedas Consolidation Principles Years most probable after careful examination oftherelated circumstances. and uncertain liabilities.Theseprovisions arerecordedattheamount, whichisconsidered the amounts considered necessarytocover futurepaymentobligations, recognizablerisks ___Other provisions arecreatedinaccordance withreasonablebusiness judgmentandreflect Other Provisions cial principlesandadiscount rateof3.5%. provisions forseverancecompensation andserviceanniversarybonusesarebased onfinan- ___There arenopensioncommitments forAustriansubsidiaries.To simplify calculations,the Austrian Subsidiaries charged totheincomestatementoveraperiodoffive years. ___Actuarial gainsandlossesthatexceedorfallbelow 10%ofpresentvaluearecreditedor is includedinthecalculation,andbasedonlengthof service. tur by F.W. Pagler, formthebiometricbasisforthiscalculation.Adiscountemployee The AVÖ 1999-Plifeexpectancy tablesformaleandfemaleemployees,whicharepr calculation. retirement), agradualincreasetoretirementageof 60forwomenwasincludedinthe the Austrianlawthatallowsdifferentretirementagesfor maleandfemaleemployees(early ment ageformen(61.5;prioryear:60)andwomen(56.5; prioryear:55).Inkeepingwith benefit obligation",DBO)forthe2000businessyeararebasedonearliestpossibleretire- arising fromseverancecompensation,pensionsandserviceanniversarybonuses("defined ___In accordancewithrelevantAustrianlaw, computationsforthepresentvalueofobligations based onyieldsfornon-currentAustrianfederalsecuritiesasofthebalancesheetdate. ___These calculationsincorporatefuturewageandsalaryincreases.Thediscountrateis the projectedunitcreditmethod. anniversary bonusesarecalculatedbytheparentcompanyFlughafenWienAGaccordingto ___In keepingwithIAS19theprovisionsforseverancecompensation,pensionsandservice Flughafen WienAG Provisions forSeveranceCompensation,PensionsandServiceAnniversaryBonuses lives oftherelatedassetsonastraight-linebasis. current ornon-currentliabilities,andarereversedtotheincomestatementoveruseful ___Subsidies grantedbypublicauthoritiesforthepurchaseoffixedassetsareshownunder Investment SubsidiesfromPublicFunds ___Deferred taxassetsandliabilitiesareshownasasinglenetamountonthebalancesheet. against taxableprofitsinthefuture. Deferred taxassetsarecreatedforlosscarry-forwardsiftheyexpectedtobeused ferences reverseinthefutureisusedforcalculation. ance compensationandserviceanniversarybonuses.Thetaxrateexpectedwhenthesedif- of tangibleassets,currentsecurities,treasurystockandtheprovisionsforpensions,sever- value fortaxpurposes.Temporary differencesariseprimarilyinconnectionwiththevaluation and accountingdifferencesarisingbetweenthebookvalueofanassetoraliabilityits ___In keepingwithIAS12(revised),deferredtaxesarerecordedforalltemporaryvaluation Provision forDeferredTaxes sold, anyexistingrevaluationreserveisreversedtotheincomestatement. write-down belowpurchasepriceischargedtotheincomestatement.Whensecuritiesare income statement.Write-downs areoffsetwithanyexistingrevaluationreserve,and purchase price,thesurplusamountiscreditedtorevaluationreservewithnoeffecton recorded attheapplicablemarketpriceasofbalancesheetdate.Ifarevaluationexceeds ___In accordancewithIAS25,securitiesnotrequiredforoperationsonacontinualbasisare Securities epared nover

76 Annual Report 2000 Notes 77 Annual Report 2000 Notes Notes totheConsolidatedIncomeStatement year bytheweightedaveragenumberofsharesoutstanding. ___Earnings persharefortheFlughafenWienGrouparecalculatedbydividingprofit Earnings perShare ments. ___As ofthebalancesheetdate,Companyhadnooutstandingderivativefinancinginstru- Derivative FinancingInstruments ___Income isrealizedwhenservicesareprovidedorrisktransferred. Realization ofIncome liabilities arerecordedattheaverageexchangerateineffectonbalancesheetdate. ___Liabilities arestatedatnominalvalueorthehigherrepaymentamount.Foreigncurrency Liabilities te mlyebnft ,9. 1,431.8 1,195.8 678.4 1,633.2 Other employee benefits in T (2) Personnelexpenses Miscellaneous in T (1) Otheroperatingincome otiuin 664326,870.7 40,277.2 52,942.6 26,604.3 6,838.0 39,615.3 55,349.0 5,837.0 4,824.2 4,621.9 1,870.3 651.1 contributions and payroll-relatedduties mandatory Expenses forlegallyrequired socialsecurity 1,843.6 45.9 Expenses forpensions 1,691.2 Expenses forseverancecompensation 742.4 Salaries Wages 0.0 64.7 2,329.1 310.3 subsidies frompublicfunds Income fromthereversalofinvestment Income fromthereversalofprovisions fixed assets,excludingfinancialassets Income fromthedisposalandrevaluationof Own workcapitalized Increase/decrease inservicesnotyetinvoiced € € 3,2. 133,184.4 133,223.3 ,2. 4,936.9 6,923.3 001999 2000 1999 2000 (3) Other operating expenses in T€ 2000 1999

Other taxes 231.2 186.9 Maintenance 12,974.6 11,367.4 Third party services 5,184.9 5,035.8 Legal, auditing and consulting expenses 5,522.3 3,667.7 Market communication 7,003.4 3,873.3 Postage and telecommunications 1,702.7 1,916.3 Rental and lease payments 1,567.8 1,907.9 Miscellaneous operating expenses 10,399.7 6,183.0 44,586.5 34,138.3

(4) Share of profit/loss from associates, income from investments in T€ 2000 1999

Income from investments in associates 2,469.4 68.6 Expenses arising from investments in associates -1,552.0 -6,527.3 Net income/expense from associates included at equity 917.4 -6,458.7 Income from investments in subsidiaries and other companies 1,750.6 0.0 Expenses arising from investments in subsidiaries and other companies 0.0 0.0

Net income/expense from investments in other companies 1,750.6 0.0 78 Annual Report 2000 Notes 2,668.0 -6,458.7

(5) Interest income/expense in T€ 2000 1999

Interest and similar income 18,102.8 13,888.8 Interest and similar expense -149.5 -207.4 17,953.3 13,681.4

(6) Other financial results in T€ 2000 1999

Income from the disposal and revaluation of financial assets 67.0 2,419.9 Income from the disposal and revaluation of current securities 0.0 352.4 Losses on the disposal of current securities -2,567.2 -228.0 Expenses arising from financial assets and current securities -8,627.2 -3,419.1 -11,127.4 -874.9

(7) Reimbursement of Tax Expense "KMOG" Foundation

___This item equals T€ 3,350.0 and includes corporate income tax related to the employee found- ation ("Flughafen Wien Mitarbeiter Beteiligung Privatstiftung"), which will be paid by Flughafen Wien AG as stated in the foundation’s declaration of formation and in accordance with the pro- visions of the Austrian Capital Markets Offensive Act ("Kapitalmarktoffensivgesetz" or KMOG). 79 Annual Report 2000 Notes so 10.002,792.0 Additions as of01.01.2000 Net bookvalue Development from01.01.to 31.12.2000 fetv a ae2.%35.4% 26.4% receive dividends. shares). Thesharesbelongingtothisfoundationhavevotingrightsandarealsoentitled foundation,on20December2000(2,000,000shares)and2February2001(100,000 private sharesweretransferredtoFlughafenWienMitarbeiterbeteiligungPrivatstiftung,a treasury 2,100,000 shares,or10%ofsharecapital,wererepurchasedon30November2000.These 33,899.7 ___At thebeginningofreportingyear, atotalof21,000,000shareswereoutstanding. (9) Sharesoutstanding deferred taxes. 26,154.6 0.0 ___For additionalinformationonchangesindeferredtaxes,seeNote(15)theprovisionfor -1,458.7 Effective taxrate Income taxexpenseasperincomestatement 35,358.4 -3,859.7 5,064.2 24,950.2 "KMOG" foundation Tax savingsfromreimbursementoftaxexpense Deferred taxes Current taxexpense in T (8) Taxes onincome e okvle2,612.1 10,344.0 -664.9 -7,731.9 2,612.1 Net book value Accumulated amortisation Acquisition price Balance on31.12.2000 Net bookvalueasof31.12.2000 Amortisation in T (10) Intangibleassets Fixed andFinancialAssets Notes totheConsolidatedBalanceSheet rm"MG onain9,5. 95,848.7 32,588.6 99,254.2 33,746.4 1,311.1 -7,591.8 Permanent differencesandtaxesrelatedtootherperiods Theoretical incometax(taxrate:34%) from "KMOG"foundation Profit beforetaxafterreimbursement in T the effectivetaxrateshowninfinancialstatementsisduetofollowing: ___The differencebetweenthetheoreticaltaxrate(Austriancorporateof34%)and trian CapitalMarketsOffensiveAct. savings realisedbytheCompanyfromemployeefoundationinaccordancewithAus- ___Tax savingsfromthereimbursementoftaxexpense"KMOG"foundationreflects € € € 004433,899.7 30,014.4 614633,899.7 26,154.6 001999 2000 001999 2000 Concessions andrights 485.0 okvle 1. . -16.5 0.0 1,592.2 1,453.5 -16.5 138.7 book values Disposals/remaining as of01.01.2000 Net bookvalue Development from01.01.to31.12.2000 eautos*00001. . 12.7 458,547.7 4,614.9 952,303.4 0.0 0.0 -43,751.3 4,614.9 458,547.7 20,154.1 0.0 in T -10,206.6 4,614.9 -116.5 28,047.6 98,899.5 12.7 (12) Financialassets–associatesincludedatequity 131,470.8 3,588.4 9.4 0.0 20,154.1 -6,989.6 376,256.1 302,307.9 9,201.7 474,355.1 0.0 472,532.9 131,470.8 -19,079.4 * Revaluationsaretheresultofcorrectionstofinancialstatementsfollowingtaxauditsforyears19961998. -114.5 11,233.1 145.1 Net bookvalue - 302,307.9 Accumulated depreciation -17,682.3 2,282.7 Acquisition price 18,034.4 0.0 Balance on31.12.2000 10,052.1 -2.0 as of31.12.2000 12,974.9 Net bookvalue 148,124.4 Depreciation book values 296,963.2 Disposals/remaining 0.0 Revaluations * Transfers Additions as of01.01.2000 Net bookvalue in T (11) Property, plantandequipment e okvle12300122.3 -7,307.4 0.0 7,429.7 -7,267.3 -1,453.5 7,267.3 -40.1 122.3 -1,453.5 122.3 162.4 0.0 0.0 ___Disposals also includechanges inthevalues ofassociates consolidated atequity. 122.3 Net bookvalue write-downs Accumulated revaluations/ Acquisition price Balance on31.12.2000 Net bookvalueasof31.12.2000 Write-downs € € au fcmaya qiy on rne Total Loansgranted Value ofcompanyat equity 7,2. 24753-875400-493,755.7 0.0 -78,745.4 -244,785.3 170,225.0 ulig ahnr n fieeupettioninprogress andofficeequipment machinery buildings adTcnclOhreupet dac amns Total Technical Other Advance equipment, payments Land and equipment and furniture, fixtures made andconstruc- furniture,fixtures equipmentand and

80 Annual Report 2000 Notes 81 Annual Report 2000 Notes okvle 22-00-42.3 249.6 -40.0 49.2 40,671.5 -2.2 68.5 200.4 946.6 40,603.1 0.0 0.0 946.6 878.5 897.6 0.0 -1,055.6 -1,055.6 0.0 0.0 book values Disposals/remaining 0.0 0.0 Additions as of01.01.2000 946.6 49.0 897.6 829.5 Net bookvalue Development from01.01.to31.12.2000 0.0 in T 0.0 0.0 1,123.6 Securities andotherloansgranted 49.0 49.0 897.6 1,055.6 (13) Otherfinancialassets 68.0 49.0 Net bookvalue Accumulated write-downs Acquisition price Balance on31.12.2000 0.0 Net bookvalueasof31.12.2000 book values Disposals/remaining Additions Net bookvalueasof01.01.2000 Development from01.01.to31.12.2000 in T Investments inothercompanies aac n3.2 093710,963.7 10,963.7 53.6 0.0 39,378.7 77.6 -1,500.2 -1,501.4 Balance on31.12. 40,880.2 Change withno effectontheincomestatement 0.0 0.0 77.6 in T 39,301.1 39,378.7 Development ofdeferredtax assets (15) Provisionfordeferredtaxes -1,500.2 -1,501.4 77.6 of wagesandsalariestoemployees. 40,802.6 ___Non-current receivablesofT (14) Non-currentreceivables 39,301.1 Net bookvalue Accumulated write-downs Acquisition price Balance on31.12.2000 Net bookvalueasof31.12.2000 Write-downs aac n11 09379,451.3 10,963.7 1,458.7 0.0 Change witheffect ontheincomestatement Balance on1.1. € € € € 78.3 consistsprimarilyofinterest-bearingadvancepayments hrsi soits hrsi usdais ic Total Misc. Sharesinsubsidiaries Shares inassociates ntcnoiae)(o osldtd investments (notconsolidated) (not consolidated) Non-current Other Total euiisloansgranted securities 001999 2000 te eevbe n ses19052,914.4 27,052.5 854.7 179.5 -1,997.5 1,920.5 27,378.4 -2,224.9 3,954.9 161.8 0.7 97.3 310.3 Prepaid expensesanddeferredcharges Other receivablesandassets Receivables duefromassociates Receivables duefromsubsidiaries(non-consolidated) 0.0 Net tradereceivables 2,370.6 Valuation adjustments in T 829.9 230.6 (17) Currentreceivablesandothercurrentassets 528.1 10,963.7 4,199.8 Services notyetinvoiced 31,934.5 536.8 3,538.7 in T (16) Inventories 4,130.3 Net deferredtaxassetsandprovisions Provision fortaxesfromconsolidation 6,041.3 Other currentassets Current securities Provisions fordeferredtaxesontangiblefixedassets Tax losscarry-forwards in T Deferred taxassetsorprovisionswerecreatedforthefollowingitems: ah15780.2 212,001.8 115.7 152,434.3 22,908.3 27,691.4 29,050.0 Securities Deposits withfinancialinstitutions Cash 29,603.4 93.1 in T (18) Cashandcashequivalents 2,545.5 0.0 2,694.6 Gross tradereceivables 988.4 Spare partsforaircraft 1,892.7 Raw materialsandsupplies 0.0 14,253.1 1,743.1 564.4 12,219.9 24,486.1 3,587.3 730.6 557.7 2,151.2 Other provisions Transfer ofsharestofoundation Provisions forserviceanniversarybonuses Provisions forpensions Provisions forseverancecompensation Tangible andfinancialassets Deferred taxassets ___For detailed information onsecurities, seePoint (30)onfinancing instruments. beginning of2001. developments intheAustrianmoneymarket, whichshowedaslight upwardtrendatthe 4.3% (1999:2.7 to3.0%).Interestpaidon deposits withfinancialinstitutions isdependenton ___In 2000,theeffectiveinterest rateondepositswithfinancialinstitutionswas 4.1to € € € € 8,4. 234,990.2 180,241.4 060510,700.6 10,640.5 21,664.3 42,574.9 352931,001.9 33,512.9 ,0. 2,638.6 3,004.9 001999 2000 1999 2000 1999 2000 001999 2000

82 Annual Report 2000 Notes 83 Annual Report 2000 Notes (T ___The decreaseinreservesresultedprimarilyfromtherepurchaseof10%sharecapital a decreaseofT T the financialstatementswere prepared,theCompanyownedshareswithavalueof time foundation inDecember2000withsubsequentwrite-downthevalueoftheseshares.At T credit methodledtorequiredadditionsofT severance compensationandserviceanniversarybonusesaccordingtotheprojectedunit securities resultedinawrite-upofT in thevalueofrunways,taxiways,apronsandlightingsystems.Therevaluationcurrent 1992 andtheT ___Appropriated reservesconsistofaT (20) Sharepremium have bothvotinganddividendrights. (2,000,000 shares)and2February2001(100,000shares).Thesharesownedbythefoundation 2000. Thesesharesweretransferredtotheemployeefoundationon20December2000 for employees.2,100,000shares(10%ofsharecapital)wererepurchasedon30November passed approvingtherepurchaseof10%capitalstockfortransfertoaprivatefoundation ___At thetenth(extraordinary)AnnualMeetingon15November2000,aresolutionwas bearer sharesofcommonstock. under equity. AchangeintheusefullivesoffixedassetsledtoanincreaseT calculations includeddeferredtaxes.InkeepingwithSIC-8,anydifferenceswererecorded service anniversarybonuseswererevaluedasof31December1998;wherenecessary, these assets, currentsecurities,andtheprovisionsforpensions,severancecompensation ___In conjunctionwithpreparationofthefirstfinancialstatementsaccordingtoIAS,fixed after thedeductionofdeferredtaxes. deduction ofdeferredtaxes,treasurystock,andtherevaluationreserveforcurrentsecurities ___This itemincludesretainedearningsfrompriorbusinessyears,untaxedreservesafterthe (21) Retainedearningsandreserves employee foundation. with Act Capital MarketsOffensive The lineitem"foundation"containstheoffsetofdeferredtaxassetsresultingfromAustrian ___As of31December2000sharecapitaltotalled (19) Sharecapital te rvsos2,9. 0.0 21,391.0 Other provisions in T (22) Non-currentprovisions rvsosfrpnin 309979,762.9 73,099.9 5,677.8 40,376.7 5,971.4 35,570.7 Provisions forserviceanniversarybonuses Provisions forpensions Provisions forseverancecompensation € € € ,3.- t 4,030.--; 13,989.7 werecapitalizedandnettedoutwithreserves.Thesenewvaluationsresultedin € 94,500.0) inNovember2000,andtransferof2,000,000(T hese sharesweretransferredtotheemployeefoundationon2February2001. € € 25,435.5 premiumrealisedonthesharecapitalincreasein1995. 8,656.0 inreservesasof1January1999. the provisionsforreimbursementoftaxesarisingfrom the € 7,718.4. Calculationoftheprovisionsforpensions, € 92,221.8 premiumreceivedonthestockissuein € € 152,670,000.--. Itisdividedinto21,000,000 37,419.5. Netdeferredtaxestotalling 3,3. 125,817.5 136,032.9 € 80,020.0) sharestoanemployee 001999 2000 € 7,055.4 rvso so 11.prblneset3,7. 40,376.7 35,570.7 Provision asof31.12.perbalancesheet in T Development ofprovisionforseverancecompensationobligations 40,376.7 4, Expenses arisingfromseverancecompensationobligations 6.0% 35,570.7 in T 3.5% Expenses arisingfromseverancecompensationobligations 6.0% 1.5% Provision asof31.12.perbalancesheet 3.5% 1.5% in T Transition from presentvaluetoprovision the lengthofservicewithcompanyandcompensationatendemployment. payment onterminationorretirement.Theamountofseverancecompensationisbased ___Legal regulationsandcollectivebargainingagreementsgrantemployeesaone-time Provisions forseverancecompensation Pension increase(onlyforpensions) Wage andsalaryincreases Discount rate Factors following factors. anniversary bonusesandrelatedexpensesforcoveragerequirementswerebasedonthe ___Calculations forobligationsarisingfromseverancecompensation,pensions,andservice upu . 0.0 0.0 1.517.8 0.0 5 1.517.8 0.0 359.0 0.0 4,123.0 0.0 1,517.8 -1,158.8 5 3,885.9 1,517.8 (accumulated) asof31.12. Actuarial gain notrecorded Actuarial gain recorded Actuarial gain, currentyear (accumulated) asof1.1. Actuarial gainnotrecorded 0.0 -5,677.1 2,801.5 Distribution period(years) 2,022.6 41,229.7 Surplus Corridor asof1.1. (accumulated) asof1.1. -9,428.0 Actuarial gainnotrecorded 2,341.9 40,376.7 2,280.1 0.0 in T Development ofactuarialgain/loss 38,858.9 4, Payments forseverancecompensation Expenses arisingfromseverancecompensationobligations Provision asof1.1.perbalancesheet 35,211.7 1,517.8 Actuarial gainrecorded Interest expense Service cost 359.0 Actuarial gainnotrecorded(accumulated) as of31.12. Present valueofseverancecompensationobligations € € € € 2. 4,824.2 621.9 2. 4,824.2 621.9 001999 2000 001999 2000 1999 2000 1999 2000 001999 2000

84 Annual Report 2000 Notes 85 Annual Report 2000 Notes evc ot29832,975.7 3,825.5 0.0 2,988.3 4,009.8 -1,250.1 66,829.6 6,801.3 52,772.4 5,748.0 79,762.9 12,933.3 Expenses arisingfrompensionobligations Actuarial gainrecorded 73,099.9 Interest expense Service cost 20,327.5 in T Expenses arisingfrompensionobligations Provision asof31.12.perbalancesheet Actuarial gainnotrecorded(accumulated) as of31.12. Present valueofpensionobligations in T Transition frompresentvaluetoprovision sheet under"othercurrentliabilities". pension fund.Forthereportingyear, theamounttransferredwasrecordedonbalance date, 2.5%oftotalpayrollfortheseemployeeswillbetransferredasacontributiontothis value method,6%discountrate),toapensionfundasof1January2001.Beginningonthis 31 December2000,whichwerecalculatedinaccordancewithAustriancommerciallaw(present or after1September1986.Thisagreementapprovesthetransferofprovisionsas At theendof2000,acompanyagreementwasconcludedforemployeeswhohadjoinedon agreements. Paymentsaredependentonthelengthofemploymentandfinalcompensation. retirement paymentswithkeyemployees;otheremployeesarecoveredbyspecialcompany ___Flughafen WienAGhasconcludedindividualagreementsforpensionsorsupplementary Provisions forPensions cura anrcre 12010.0 12,933.3 20,327.5 -1,250.1 collective bargaining agreementsfor employees ofpublicairports inAustria. -3.548,8 of service.The specificentitlementcriteria andamountofthebonus areregulatedbythe ___Employees ofAustriancompaniesare entitledtoreceivespecial bonusesforlongyears Provisions for serviceanniversarybonuses (accumulated) asof31.12. -5.438,8 Actuarial gainnotrecorded Actuarial gainrecorded 79.762,9 73.099,9 in T Development ofactuarialgain/loss Provision asof31.12.perbalancesheet Pension payments in T Development ofprovisionforpensionobligations upu ,5. 0.0 5 12,933.3 7,651.0 6,250.3 8,644.3 5 6,683.0 0.0 0,0 0.0 12,933.3 Actuarial gain,currentyear -6.972,2 Actuarial gainnotrecorded (accumulated)asof1.1. Distribution period(years) 76.510,4 6.801,3 12,933.3 Surplus Corridor asof1.1. Actuarial gainnotrecorded(accumulated)asof1.1. 79.762,9 5.748,0 Transfer to pension fund Expenses arisingfrompensionobligations Provision asof1.1.perbalancesheet € € € € 001999 2000 1999 2000 001999 2000 1999 2000 eesl-2. 2. 2438-,0. -5,007.6 -29,418.1 -19,238.9 -2,400.0 -2,821.1 -2,453.8 -7,358.1 -26.2 0.0 -127.5 taxes). sement oftaxexpenseforthe "KMOG"foundation,whichtotalsT ___Miscellaneous currentprovisions includethecurrentportionofprovisionfor reimbur- Reversal Use 01.01. to31.12.2000 Development from 30,359.4 in T Miscellaneous 28.217.7 in T 10,545.8 (24) Currentprovisions Current Liabilities 8,726.3 Investment subsidiesfrompublicfunds in T (23) Othernon-currentliabilities expense for"KMOG"foundation. This itemincludesthenon-currentportionofprovisionforreimbursementtax Other provisions eteetacut ,9. 0.0 3,690.2 22,384.5 19.497.2 13,980.2 167.7 Settlement accounts in T 8.873.0 2,516.8 6,175.6 (25) Currentfinancialliabilities 202.9 7,825.7 6,250.9 Book valueasof31.12.2000 New creation 2,958.2 Book valueasof01.01.2000 2,590.7 Taxes Other claimsbyemployees 2,381.2 Unused vacation Clean Water Fund the EuropeanUnion. authorities. In1997,1998and1999FlughafenWienAGreceivedinvestmentsubsidiesfrom ___From 1977to1985FlughafenWienAGreceivednon-repayablesubsidiesfrompublic € € € € ,5. ,5. .7. 827746,299.8 28,217.7 58,340.9 8.873.0 30,359.4 2,958.2 13,980.2 6,250.9 7,825.7 6,175.6 aainb mlye provisions byemployees vacation nsd te lis ae ic urn Total Misc.current Taxes Otherclaims Unused 117613,136.5 11,107.6 629858,340.9 46,299.8 ,9. 0.0 3,690.2 001999 2000 1999 2000 001999 2000 € 8,130.0 (incomeandgift

86 Annual Report 2000 Notes 87 Annual Report 2000 Notes the provision ofancillary servicessuch aselectricity, heating andthe like. especially for shopping, gastronomyand advertising,management ofparkingfacilitiesand the Non-Aviation segment. Theseservicesinclude therentalofofficeand commercialspace, ___ ling servicesatVienna International Airport. the GermanVAS FlughafenbodenverkehrsdiensteGmbHcommencedthe provisionofhand- party companiesmayalsooffer handlingservicesatVienna InternationalAirport.InFall2000 is notreservedfortheairport operator(FlughafenWienAG)alone;airlinesand other third rily oftheloadingandunloading ofaircraft.InaccordancewithEUguidelines,this segment ___ tral infrastructure.Feesfortheseservicesaregenerally subjecttocontractuallimits. such asfacilitiesfortake-offs,landingsandparkingof aircraft,passengerhandlingandcen- ___ Handling andNon-Aviation. ___The businessactivitiesoftheGroupcanbeclassified inthefollowingsegments:Airport, ___Sales betweenGroupcompaniesaremadeatmarket-based standardratesorprices. the FlughafenWienGrouptakeplaceinAustria. ___Segment reportinginvolvesonlytheprimarysegmentsofbusiness,sinceallactivities (29) Segmentreporting 5,547.6 ___Cash andcashequivalentsincludecash,depositswithbankscurrentsecurities. 3,022.9 104.6 activities. 4,245.9 ___Dividends paidbyFlughafenWienAGareshownundercashflowfromfinancing 1,843.6 3,780.9 activities. 9,929.4 17,364.3 ___Interest incomeandexpenseaswelldividendareallocatedtooperating 104.6 ___The indirectmethodwasusedtopreparetheconsolidatedstatementofcashflows. 1,819.5 (28) Consolidatedstatementofcashflows 10,626.2 12,867.7 Other Information Misc. othercurrentliabilitiesandprovisions Investment subsidiesfrompublicfunds Other socialsecurityliabilities Other taxliabilities in T (27) Othercurrentliabilities To associates To thirdparties in T (26) Trade payables Non-Aviation. Handling. Airport. € € The primaryactivityofthissegmentistheprovision of classicairportservices This segmentisresponsibleforaircrafthandlingservices, whichconsistprima- All otherservices notincludedintheabove twoareasarecombined under 661014,195.1 26,621.0 17,468.9 12,972.3 001999 2000 1999 2000 xenlsgettroe 17425178807,3. 327,054.6 71,734.1 117,898.0 137,422.5 External segmentturnover ru ercain44.416,2 277.3 -25,328.1 327,438.5 93.110,4 27,854.0 383.9 6,948.4 44,138.8 3,757.1 11,175.9 118,438.5 17,148.5 26,771.6 3,579.3 23,332.7 29,383.6 68,334.1 Segment investments 41,738.3 113,472.3 Group depreciation Other (notallocated) 122,963.5 5,065.5 Segment depreciation 167,499.3 Group EBIT/operatingprofit 30,076.9 Other (notallocated) Segment results Group turnover Other externalturnover Total segmentturnover Internal segmentturnover in T Segment Resultsfor2000 ru iblte 236.723,8 78,038.9 2,644 259,937.9 28.532,6 678.6 2,518 158,684.9 49,515.5 804 66,098.8 490,441.4 114,409.0 1,383 43,070.6 immateriality. 23,726.8 proportional shareofresultsin associatesconsolidated atequityandthe bookvaluesofthese companiesarenot shownforrea * Non-allocatedassets andliabilitiesarecomprisedprimarily ofsecurities,liquidfunds,deferredtaxassets andprovisions 331 Group employees (balancesheetdate) 352,305.7 Other (notallocated) Segment employees(balance sheetdate) Group liabilities Other (notallocated)* Segment liabilities Group assets Other (notallocated)* Segment assets Group investments Other (notallocated) € (with theexceptionofemployees) ipr adigAito Group Aviation Handling Airport Non- for taxes.The 750,379.3 sons of 126

88 Annual Report 2000 Notes 89 Annual Report 2000 Notes xenlsgettroe 12022182397,1. 312,400.5 72,014.4 108,293.9 132,092.2 External segmentturnover nenlsgettroe 8087522437,519.3 109,533.7 113.556.3 5,262.4 160.110.9 28.018.7 Total segmentturnover Internal segmentturnover in T Segment Resultsfor1999 ru iblte 228,958.9 42,356.6 2,547 293,966.6 52,941.0 240.9 2,421 186,602.3 42.791,4 142.8 56,706.4 753 71,964.0 506,233.6 119,342.7 of these companiesare notshown forreasonsof immateriality. 1,297 -18.402.9 57,931.9 ___The proportional shareofresultsinassociates consolidatedatequity andthebookvalues 312.611,6 22,580.6 89,500.9 52,700.1 371 Group employees(balance sheet date) 364,310.3 211.1 11,419.1 Other (notallocated) Segment employees(balance sheetdate) 42,648.6 3,752.9 Group liabilities 11,113.9 Other (notallocated) 107.903.7 37,528.2 Segment liabilities 25.012.5 4,002.3 Group assets Other (notallocated) 17.721.1 Segment assets 27,532.5 65.170.1 Group investments Other (notallocated) Segment investments Group depreciation Other (notallocated) Segment depreciation Group EBIT/operatingprofit Other (notallocated) Segment results Group turnover Other externalturnover € (with theexceptionofemployees) ipr adigAito Group Aviation Handling Airport Non- 800,200.2 126 ie-neetscrte ,6. 43,197.3 6,269.1 47.4 245.7 Fixed-interest securities in T Current securities Other in T Non-current securities Current andnon-currentsecuritiesarecomprisedofthefollowing: are concludedonlywithAustriancompanies,whichhaveoutstandingcreditratings. resources areinvestedprimarilyininvestmentfundsandfixed-interestbonds.Transactions ___Flughafen AGconductsinvestingactivitiesonbehalfofitsAustriansubsidiaries.Financial Primary financinginstruments (30) Financinginstruments F6 ud0089,598.6 0.0 44,993.4 34,212.5 0.0 12,202.6 42,627.2 91,335.4 494.9 40,060.7 494.9 38,560.6 BAWAG SF17 GF 69Fund A 19Fund GF 7Fund Stock R-63 Fund outstanding derivative financinginstruments. investment strategy limitsexchangerate risk. Asofthebalancesheet date,theGrouphadno ___The Group onlyusesderivativefinancing instrumentsonanexception basisbecause Derivative financing instruments sheet date. ___The BAWAG SF17Fundhadaninvestmentof99%ininternational stocksasofthebalance risk. Existingforeignexchange itemswerehedged. ___As ofthebalancesheetdate, neithertheGF7norA19Fundscarriesanyforeign exchange stocks, 39%inbonds,and37%cashrights. ___The assetallocationoftheA19Fundas31December 2000shows24%ininternational As of31December2000,97%thefundwasinvested inAustrianbonds. ___The CapitalInvestGF7Fundwasmergedwiththe GF 69Fundduringthereportingyear. pension fund. international stocks,68%bondsand2%cash.Therisk structureofthisfundissimilartoa the AustrianIncomeTax Act.Theallocationofassets as of31December2000showed30% ments fortheseverancecompensationandpension provisions ascalledforunder§14of ___The R63Fund,afunds’fundmanagedbyRaiffeisenKAG,servestofulfilcoveragerequire- (1999: T ___As of31December2000themarketvaluenon-currentsecuritiestotalledT € € € 40,790.9). 5,3. 212,001.8 152,434.3 931140,603.1 39,301.1 001999 2000 1999 2000 € 39,301.1

90 Annual Report 2000 Notes 91 Annual Report 2000 Notes hafen Wien AGtomembers ofthe SupervisoryBoard in2000. (1999: T T ___The ManagingBoardof Flughafen WienAGreceivedcompensationandbenefits totalling ___Attendance allowancesandremuneration ofT ___Compensation paidto previous membersoftheManagingBoardtotalled T (34) Informationonbodiesofthecorporationandemployees the Berlinproject. to themerger, theHochtiefandIVGconsortiumhaveformedajointassociationtodevelop ___After reachingasettlementandfollowingthepositiveconclusionoflegalauditrelated (33) Significanteventsoccurringafterthebalancesheetdate tax, intheformofsubsequentcontributions. Privatstiftung (privatefoundation),whichconsistprimarilyofcorporateincometaxesandgift ___Flughafen WienAGwillassumethecostsforFlughafenMitarbeiterbeteiligung beginning in2001. fund asof1January2001andtomakeanannualcontributionequal2.5%totalpayroll as of31December2000,whichwascalculatedinaccordancewithAustrianlaw, tothepension hafen WienAGiscommittedtotransferthevalueofpensionprovisionfortheseemployees joined theCompanyafter30September1986andhavemorethanfiveyearsofservice.Flug- AG andVereinigte PensionskassenAGforthoseemployeesofFlughafen WienAGwho ___On 20December2000,apensionfundcontractwasconcludedwithÖPAG Pensionskassen (32) Otherobligationsandrisks loan ofT ___In 1999FlughafenWienAGgrantedAirportConsultingVienna GmbHaworkingcapital 1999 and2000. gesellschaft m.b.H.mezzaninecapitaltotallingT ___In 1993FlughafenWienAGgrantedCorvinHotelAirportPlazaErrichtungs-undBetriebs- (31) Informationonbusinessassociationswithrelatedcompaniesandpersons tf 4 744 1,803 749 1,895 1999 2000 Staff Workers and managingdirectors) Employees (excludingManagingBoard As of31December, theFlughafen WienGroupemployedthefollowingworkforce: € 917.3 (1999:T € € 298.4). 726.7, whichisinterest-bearingandrepayablebymid-2001. € 783.2) forthe2000Business Year. € € 7,267.3, whichwaswrittenoffentirelyin 64.6 (1999:T ,4 2,547 2,644 € 68.9) werepaid byFlug- € 1,116.0 carry-forwards maynot becapitalized. ments isoptional; provisionsfordeferred taxesaremandatory. Deferredtaxassets on loss set inthefuture. Thecreationofdeferred taxassetsinindividualcompany financialstate- according tocommercial lawandtaxable resultsifthesedifferences areexpectedtobeoff- tax provisionsisthereforeonly requiredfordifferencesbetweenfinancialstatements prepared ___Austrian accountingprinciples arebasedonthe"timingconcept".Thecreationof deferred Deferred taxes According toIAS,changesin sharesoutstandingaretoberecordedunderequity. equity andliabilities. non-current orcurrentassetsandaseparatereserve mustbecreatedforthisitemunder ___In accordancewiththeAustrianCommercialCode, treasurystockmustrecordedunder Treasury stock credited toequity(revaluationreserve)withnoeffecton theincomestatement. financial assets,revaluationsaremandatory. Write-ups inexcessofpurchaseprice are dated financialstatementsofFlughafenAGarestated atmarketvalue.Asisthecasewith acquisition costormarketvalue.InaccordancewithIAS 25,securitiesshownintheconsoli- ___The AustrianCommercialCoderequirescurrentsecurities toberecordedatthelowerof Current securities assets. ___In contrasttotheAustrianCommercialCode,IASrequirerevaluationoffinancial owned byFlughafenWienAG,inparticularrunways,apronsandtaxiways. adjusted wherenecessary. Thisprocedureleadstolongerusefullivesforcertainassets depreciation periodsmustberegularlycomparedwiththeactualusefullivesofassetsand useful livesofassetsinkeepingwiththefundamentalprinciplesaccounting.UnderIAS, ___The AustrianCommercialCodeprescribesconservativevaluesfordepreciationandthe Fixed assets financial statements: ___Following isapresentationofspecificdifferencesthatarespecialimportanceforthese between companies. accounting principlesonthecomparabilityoffinancialstatements,bothovertimeand information forshareholdersandinvestors.IASthereforeplacehighervaluethanAustrian ___The primarygoalofaccountingunderIASistoprovideappropriatedecision-making keeping withAustrianaccountingprinciples. ments fortaxassessmentalsohasamajorinfluenceonfinancialstatementspreparedin the principleofconservatism.Thedeterminantpositioncommerciallawfinancialstate- ciple ofcreditorprotectionintheforegroundandcorrespondinglyplacegreatimportanceon ___Austrian accountingprinciples,whicharecodifiedintheCommercialCode,placeprin- Basic conceptualdifferences Major differencesbetweenIASandAustrianaccountingprinciples

92 Annual Report 2000 Notes 93 Annual Report 2000 Notes Herbert Kaufmann Gerhard Schmid Kurt Waniek Kurt Gerhard Schmid Kaufmann Herbert The ManagingBoard: Schwechat, 22March2001 report underAustrianaccountingprinciples. company. Inpart,thisinformationincludesexplanations thatarepartofthemanagement instruments, toprovideatrueandfairviewoftheasset, financialandearningspositionsofa equity aswellotherinformation,inparticular connection withderivativefinancing balance sheet,incomestatement,mandatorystatement ofcashflowsanddevelopment or reportoftheManagingBoard.Suchitemsinclude requireddisclosureofitemsonthe points, significantlyexceedstherequirementsofAustrian accountingprinciplesfortheNotes ___International AccountingStandardsrequiremore detailedinformationthat,insome Expanded requirementsforinformation Austrian CommercialCode. significantly higheradditionstoprovisionsthancalculationsmadeinaccordancewiththe based oncurrentcapitalmarketinterestrates.Calculationsthismethodleadto unit creditmethod,whichincorporatesfuturewageandsalaryincreases.Thediscountrateis ___Creation oftheaboveemployee-relatedprovisionsunderIASarebasedonprojected the presentvalueorAustrian"Teilwert" methodwithadiscountrate. included incalculatingemployee-relatedprovisions.Thesecalculationsshouldbebasedon ___According toAustrianaccountingprinciples,futurewageandsalaryincreasesmaynotbe Provisions forpensions,severancecompensationandserviceanniversarybonuses should beanalysedinthesamemannerasotherassetstoestimaterealisableamount. permitted. Deferredtaxassetsonlosscarry-forwardsmustgenerallybecapitalizedand deferred taxesshouldbecalculatedbasedonthecurrentactualtaxrate.Nodiscountsare financial statementspreparedfortaxpurposesandIASstatements;insuchcases, method". Deferredtaxesmustthereforebecreatedforalldifferencesarisingbetween ___IAS focusonthe"temporaryconcept"inconjunctionwith"balancesheet-liability ihretgslshf ...SSVA uti 9 Ka) a) NK a) VK NK NK 49% 100% 49% Austria VK Austria 99.9% Germany VIAS VIEL Greece VIAS a) EQ VIAS 100% VIAS-D NK BPIE SFS Austria EQ AviaSec Aviation Security GmbH 33.3% VIAS-H Services LimitedLiabilityCompany VIEL Austria 51% VIAS HellasSecurityAirTransport VIE 32% Sicherheitsgesellschaft m.b.H. Austria BPIB VK Salzburger Flughafen Austria VIE EQ Immobilienbesitzgesellschaft m.b.H. CHP VK Vienna AirportBusinessPark VIE 100% gesellschaft m.b.H. a) Immobilienentwicklungs- 50% VIE-Shops Austria Vienna AirportBusinessPark 100% VK VIE-Reise VIE VK NK Austria VK Austria Betriebsgesellschaft mbH. VIE VIE VIE ShopsEntwicklungs-und VK 100% 100% CAT 100% VIE- ReiseserviceGmbH. Austria gesellschaft m.b.H. Germany Austria ACV VIE VIE Errichtungs- undBetriebs- VIEL 100% VIE Corvin HotelAirportPlaza Austria Austria Airport ConsultingVienna GmbH beteiligungsgesellschaft m.b.H.VIE-BBI VIE VIAS IVW International Entwicklungs- Flughafen Wien/Berlin-Brandenburg gesellschaft m.b.H. VAH City AirTerminal Betriebs- VIE gesellschaft m.b.H. VIE Liegenschaftsbeteiligungs- Services Ges.m.b.H. Vienna International AirportSecurity gesellschaft m.b.H. Flughafen WienImmobilienverwertungs- Gesellschaft m.b.H. Vienna Aircraft Handling Flughafen WienAG opn br-Prn onr Type Note of % ParentCountry Abbre- Company Appendix 1totheNotes Subsidiaries ofFlughafenWienAG Notes: a)Notincluded forreasonsofimmateriality VK =Fullconsolidation, EQ=Equtityvaluation,NKnotconsolidated Type ofconsolidation: ito opn we Consoli- Owned Company viation dation

94 Annual Report 2000 Subsidiaries 95 Annual Report 2000 Audit Opinion Vienna, 22March2001 Group frompreparingconsolidatedfinancialstatements underAustrianlaw. the consolidatedfinancialstatements,andthatrequirements aremettoexemptthe statements underAustrianlaw. We certifythattheGroupmanagementreportagreeswith ance withtherequirementstoexemptGroupfrompreparingconsolidatedfinancial ___Austrian commerciallawrequiresustoaudittheGroupmanagementreportandcompli- (IAS). cash flowsfortheyearthenendedinaccordancewithInternationalAccountingStandards the financialpositionofGroupas31December, 2000andtheresultsofoperations and ___In ouropinion,theconsolidatedfinancialstatementspresentfairlyinallmaterialrespects that ourauditprovidesareasonablebasisforopinion. by management,aswellevaluatingtheoverallfinancialstatementpresentation.We believe audit alsoincludesassessingtheaccountingprinciplesusedandsignificantestimatesmade basis, evidencesupportingtheamountsanddisclosuresinfinancialstatements.The ments arefreefrommaterialmisstatement.Anauditalsoincludesexamining,onatest and performtheaudittoobtainreasonableassuranceaboutwhetherfinancialstate- by theInternationalFederationofAccountants(IFAC). Thesestandardsrequire thatweplan ___We conductedourauditinaccordancewithInternationalStandardsonAuditingissued Our responsibilityistoexpressanopiniononthesestatementsbasedouraudit. cial statements,whichwereprepared,aretheresponsibilityofCompany'smanagement. (IAS) establishedbytheInternationalAccountingStandardsCommittee(IASC).Thesefinan- AG (theGroup)asofDecember31,2000accordingtotheInternationalAccountingStandards ___We haveauditedtheaccompanyingconsolidatedfinancialstatementsofFlughafenWien Audit Opinion atrGoe Karl-HeinzMoser Walter Groier Wirtschaftstreuhandgesellschaft m.b.H. Wirtschaftsprüfungsgesellschaft CONFIDA sector (incl.fuellingandprovisionofhangarspace). aircraft handlingservicesprovidedonbehalfofFlughafen WienAGinthegeneralaviation cular, forbusinessaviation;major revenuegeneratorsareprivateaircrafthandlingand ___ acquisition ofpropertyandbuildingsatVienna InternationalAirport. ___ ting intendersfortheprovision ofsecurityservicesatotherairports. (wheelchair transport,control ofoversizebaggage,etc);thecompanyiscurrently participa- of theAustrianMinistry theInteriorandvariousotherservicesforaviation customers ______.SubsidiariesfullyconsolidatedintheGroupfinancialstatements: 1. (prior yearvaluesinbrackets,T Subsidiaries ofFlughafenWienAG Principal activities: Principal activities: Principal activities: Principal activities: Equity: . Equity: 100% . Percentage owned: Vienna InternationalAirportSecurityServicesGes.m.b.H.(VIAS) Turnover: . . rftfrteya 00 . Profit fortheyear2000: qiy . . Equity: 100% . . Percentage owned: m.b.H.(IVW) Flughafen WienImmobilienverwertungsgesellschaft unvr . . Turnover: Profit for the year 2000: . Profit fortheyear2000: qiy . Equity: 100% . . Percentage owned: Vienna AircraftHandling Gesellschaftm.b.H.(VAH) unvr . Turnover: rftfrteya 00 . Profit fortheyear2000: osfrteya 00 . Loss fortheyear 2000: . . Equity: 100% . . Percentage owned: City AirTerminal Betriebsges.m.b.H. (CAT) unvr . . Turnover: provision ofafullrangeservicesforgeneralaviation and,inparti- operation oftheCity Air Terminal; atpresent, thecompany isinactive. provision ofsecuritycontrols(personsandhandluggage) onbehalf the commercialleasingofassets,inparticularrealestate,and € € € € € ) 15,158,556.60 (T 76,406,670.64 (T 38,631,803.34 (T 19,506,942.51 (T € € € 3,661,389.80 (T 2,075,137.65 (T 4,171,426.26 (T € 368,545.55 (T € € 48,159.42 (T 37,279.02 (T € 429.88 (T € 0.00 (T € € € € € € € 14,509.0) 66,797.6) 40,936.8) 10,001.9) € 3,622.1) 2,038.3) 3,921.9) € € 461.3) € € 44.0) 37.7) 0.4) 0.0)

96 Annual Report 2000 Subsidiaries 97 Annual Report 2000 Subsidiaries prt rnfr project. Operate &Transfer" Istanbul, and operates theTerminal &CarPark atIstanbulAirportas partofthe"Build Airport Consulting ServisVe DanismanlikLimitedSirketi (ACT),whichisheadquartered in and companies operatingatornearby airports; ACVholsaninvestment inasubsidiary ______Astron Group. Wien AGsolditsshareinthiscompanyduring2000and thehotelsarenowoperatedby ___ development projects. ______this realestateprojectwasintheplanningandstageduring2000. three companiesfocusondevelopmentoftheBusinessParkFischamendnearairport; purchase, development,andsaleofrealestateownedbyVIEBPIB;currentactivitiesthe ___ .Subsidiariesincludedintheconsolidatedfinancialstatements 2. Principal activities: Principal activities: Principal activities: Principal activities: Principal activities: Principal activities: using theequitymethod: rftfrteya 99 . Profit fortheyear1999: . Turnover: qiy . Equity: 50% . Percentage owned: ConsultingViennaAirport GmbH(ACV) rftfrteya 00 . Profit fortheyear2000: . . Turnover: . . Equity: 32% . Percentage owned: GmbH VIE-Reiseservice . . Loss fortheyear2000: osfrteya 99 . Loss fortheyear1999: . Turnover: . Equity: 33.3% . Percentage owned: HotelAirportPlazaErrichtungs-und Betriebsgesellschaftm.b.H.(CHP) Corvin . Turnover: . Equity: 100% . . Percentage owned: Vienna BusinessParkImmobilienentwicklungsgesellschaftm.b.H. Airport . . Loss fortheyear2000: . Loss fortheyear2000: . . Equity: 100% . Percentage owned: VIE Liegenschaftsbeteiligungsgesellschaftm.b.H.(VIEL) unvr . Turnover: . . Equity: 100% . Percentage owned: Vienna BusinessParkImmobilienbesitzgesellschaftm.b.H. Airport . Turnover: planning, constructionandmanagementofcommercial,industrial provision ofconsultingservices forinternationalandnationalairports, operation ofatravelagencyatVienna InternationalAirport. purchase andsaleofrealestate. of thecompanyanditstwosubsidiariesVIEBPIBVIEBPIEare operation ofthetwoairporthotels,NovotelundSofitel; Flughafen € € –12,883,969.32 (T € € € 11,558,756.33 (T € € 4,293,439.24 (T 6,095,712.29 (T € –1,220,332.52 (T € € 1,678,968.64 (T 1,881,570.70 (T 361,681.24 (T –15,965.98 (T –12,782.56 (T € € € € € 87,693.35 (T -2,507.70 (T 25,306.39 (T 91,955.60 (T 43,040.16 (T € € € 0.00 (T 0.00 (T 0.00 (T € € € € –12,353) € € € € € 4,306.2) 6,098.2) € 10,218) € € 1,567) 1,622) 377.6) –42.5) –12.8) € € € –843) € € € –3.1) 139) 0.0) 0.0) 0.0) 64) 69) 44) to enable participation intendersfor theprovision ofsecurityservices atairports inGermany. panies, Unternehmen SecuServAviation SecurityandServicesHolding InternationalGmbH, quartered inOberding, Germany, andwas foundedbyVIAStogether with twoHamburgcom- ___ provision ofsecurityservices atairportsinGreece. headquartered inAthens,and wasfoundedbyVIAStoenableparticipationintenders forthe ___ VIAS HellasSecurityAirTransport LimitedLiabilityCompany(VIASHellasLtd.) Services gesmbH. (ARC). of 16July1999;VIEShopsholda20%shareinAustrian AirlinesRetailCompanyHandels- shops atdomesticandinternationalairports;Flughafen WienAGacquiredthisinvestmentas ___ VIE ShopsEntwicklungs-undBetriebsges.m.b.H.(VIE Shops) International Airportandactasoperatorofthefacility. shares inthisproject,andalsodevelopBerlin-SchönefeldAirportintoBerlin-Brandenburg opment oftheBerlin-BrandenburgAirportproject;companywillpurchaseandhold ___ schaft attheendofFebruary2001. tions in1998;theremaining51%sharewasacquiredbySalzburgerFlughafenbetriebsgesell- ___ .Investments notincludedintheconsolidatedfinancialstatements 3. Principal activities: Principal activities: Principal activities: Principal activities: Principal activities: qiy . Equity: 49%(ownedbyVIAS) . Percentage owned: Salzburger FlughafenSicherheitsgesellschaftm.b.H.(SFS) unvr . Turnover: rftfrteya 00 . Profit fortheyear2000: Percentage owned: ...... VIAS 49% VIAS . Percentage owned: AviaSec Aviation SecurityGmbH 99.9% VIAS . Percentage owned: 51% . Percentage owned: 100% . . Percentage owned: Entwicklungsbeteiligungsgesellschaft m.b.H.(VIEBBI) Flughafen Wien/Berlin-BrandenburgInternational provision ofsecurityservices forairportsandairlines;thecompanyis provision ofsecurityservicesatSalzburgAirport,withstartopera- provision ofsecurity servicesforcivilaviation; thecompanyishead- investment inacompanyheadquarteredBerlin,Germany, fordevel- the developmentofshopconceptsandindependent operationof € € € 58,762.67 (T 84,865.69 (T 13,105.28 (T € € € 45.7) 22.7) 13.6)

98 Annual Report 2000 Subsidiaries 99 Annual Report 2000 Superivisory € distribute adividendof ___The SupervisoryBoardagreeswiththerecommendation oftheManagingBoardto Recommendation fortheDistributionofProfits statements ofFlughafenWienAGareherebyapproved. in thepresenceofauditors,andacceptedthesedocuments. The2000annualfinancial for the2000businessyearofFlughafenWienAG,inparticular duringextensivediscussions ___The SupervisoryBoardreviewedthe2000annualfinancial statementsandstatusreport Approval ofFinancialStatements business year. Accounting Standards,andthestatusreportsforCompanyGroup2000 ments fortheFlughafenWienGroupwhichwerepreparedinaccordancewithInternational prepared inaccordancewithAustrianaccountingprinciples,theconsolidatedfinancialstate- reported indetailthereon:theannualfinancialstatementsofFlughafenWienAGwhichwere ___The ManagingBoardpresentedthefollowingdocumentstoSupervisoryand these documentsanunqualifiedopinion. for theGroupandCompany, whichwerepreparedbytheManagingBoard,andawarded annual andconsolidatedfinancialstatementsasof31December2000thestatusreports Flughafen WienAGandwerecommissionedtoperformthisaudit.Thisfirmauditedthe elected auditorsoftheannualfinancialstatementsatNinthAnnualGeneralMeeting beratungsgesellschaft, 1191Vienna, certifiedpublicaccountantsandtaxconsultants,were ___CONFIDA, Wirtschaftstreuhandgesellschaftm.b.H.,Wirtschaftsprüfungs-undSteuer- Audit therefore abletomonitortheperformanceofCompanyonacontinualbasis. business andthepositionofindividualGroupcompanies.TheSupervisoryBoardwas ___The ManagingBoardinformedtheSupervisoryregularlyofdevelopment Working CommitteeoftheSupervisoryBoardheldtwomeetingsduringreportingyear. ___The SupervisoryBoardmetseventimesduringthe2000BusinessYear. Inaddition,the Meetings Report oftheSupervisoryBoard Schwechat, 18April 2001 Chairman ofthe SupervisoryBoard Johannes Coreth Board andallemployeesfor theirdedicationandeffortsduringthe2000business year. ___The SupervisoryBoardwould liketoexpressitsthanksthemembersof Managing Acknowledgement 44,101,369.29 andtocarryforwardtheremainderof € 2.10 pershareoratotalof € 1,369.29. € 44,100,000.- from2000profitof Facility forgeneralaviation General Aviation Centre is exceeded Sector inwhichaspecificnoise level Noise Zone Take-offs andlandings Flight Movements and frequency events includingpeaklevels,intervals, Indicator basedonindividualnoise Equivalent ContinuousNoiseLevel Late arrivalordepartureofanaircraft Delay 60 minutesafteranaircrafthaslanded flights thatcanbereachedwithin Indicator forthenumberofconnecting Connectivity Rate compensation Provision ofaircraftinexchangefor Brokerage for baggage Recording andmonitoringsystem Baggage ReconciliationSystem(BRS) "Parking space"foraircraft Apron Aircraft handlingarea Airside Association ofEuropeanAirlines AEA at Vienna InternationalAirport Charge forcommercialservicesprovided Access Fee Glossary an aircraft forthenext take-off Time requiredbyground handlingtoready Turnaround means oftransportation) Air cargotransportedbylorries (substitute Trucking (red capsystem) Employee responsibleforaircraft handling Red CapAgent usedforfastexitfromrunway Rapid Taxiway Aircraft ownedbyprivatepersons Private Aircraft Passengers Pax Guaranteed minimumtransfertime Minimum ConnectingTime (MCT) by manufacturerforeachtypeofaircraft Maximum allowabletake-offweightdetermined Maximum Take-off Weight (MTOW) Handling areaforpassengers Landside (organization ofairlinecompanies) International AirTransport Association IATA Connecting pointforairtraffic Hub Domestic airline Home Carrier Various servicesprovidedforaircraft Handling

100 Annual Report 2000 Glossary Key Traffic Figures

2000 Change vs. 1999 in %

Passengers (arrival, departure, transit) 11,939,571 + 6.6 Scheduled traffic 10,475,167 + 7.1 Charter traffic 1,464,404 + 2.8 Transfer passengers 3,352,080 + 9.3 Transfer in % 28.4%

Passengers (Departing) Scheduled Traffic

Long Haul 619,479 + 4.4 Europe 4,333,629 + 7.7 East Europe 705,109 + 14.2 West Europe 3,628,520 + 6.6 Far East 365,800 + 5.9 Near and Middle East 184,128 + 9.4 North America 200,440 + 12.4 Africa and South America 125,960 – 12.8

Passengers Scheduled Traffic 2000 Change vs. 1999 in %

West Europe (pax out) 1. London 393,943 – 1.5 2. Frankfurt 335,118 + 9.7 3. 254,658 + 0.7

Long Haul Passengers / West (pax out) 1. New York 71,222 – 26.0 2. Chicago 53,742 – 3. Washington 44,920 –

Far East Scheduled Traffic (pax out) 1. Bangkok 47,326 + 13.3 2. Osaka 41,059 + 41.1 3. Kuala Lumpur 39,589 + 7.9

East Europe Scheduled Traffic (pax out) 1. Warsaw 62,098 – 5.8 2. Budapest 59,820 + 3.8 3. 59,656 + 5.2

Charter Traffic (pax out) 1. 110,496 +171.3 2. Heraklion 45,447 – 11.0 3. Monastir 38,180 – 16.6

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Communications Department: Dagmar Lang Telephone: +43-1-7007-22103 e-mail: [email protected]

Imprint Published by: Flughafen Wien Aktiengesellschaft Communications Department

Consulting and Co-ordination: Mensalia Unternehmensberatung Design: Büro X Printed by: Holzhausen Translation: Donna Schiller-Margolis