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2294_08_RH_report07_U1_U4_fn.qxd:RH GB 28.04.2008 8:44 Uhr Seite 2 REPORT 07 NETWORKED SUCCESSFUL COMMITTED www.rhnoew.at 2294_08_RH_report07_U1_U4_fn.qxd:RH GB 28.04.2008 8:44 Uhr Seite 4 11 REAL ESTATE 26 27 ST. PÖLTEN HEALTH CENTER Raiff eisen-Holding as Central and Eastern Europe. At present, its NÖ-Wien also constructed a building to house a 220 employees are working on some 43 different IFRS CONSOLIDATED FINANCIAL STATEMENTS health care center in St. Pölten, Lower Austria. Con- residential and commercial real estate projects at RAIFFEISEN-HOLDING NÖ-WIEN struc tion work was completed on schedule during 16 locations in all target markets. The projects' total Figures in EUR '000'000 the period under review. The building has been volume is in excess of EUR 1 billion. 2007 2006 rented out to the Lower Austrian regional health Total assets 21,502 18,020 insurance institution and the PVA pension insurance PPP INVESTMENTS PPP projects are Financial assets 3,354 3,016 institution. arrange ments in which private companies coop- Investments in associated companies 2,482 2,022 erate with public-sector entities in order to plan, build, finance and operate large-scale infrastruc- Loans and advances to banks 4,117 3,607 ture projects for the benefit of both sides. These Loans and advances to customers 6,778 6,360 In addition, Raiffeisen-Holding NÖ-Wien owns projects are still in their very early stages in Austria, Equity 2,918 2,372 100% of the AVANCE HOTEL located in Krems, but Raiffeisen-Holding NÖ-Wien sees great poten- Equity ratio (%) 17% 18.5% Lower Austria, and operated by Steigenberger. In tial for growth in this field. Through NOAG GmbH, Net interest 94 99 the year under review, the hotel was expanded to Raiffeisen-Holding NÖ-Wien is currently participat - Net profit for the year after taxes 624 507 include 16 new guest rooms as well as extremely ing in the Ostregion (Eastern region) PPP project, Net group profit for the year 544 388 well-equipped conference and seminar facilities which involves the construction of four sections of and a modern wellness area. highway with a total length of 113 km. Company Locations Employees Investments Revenues OBERLAA SPA With the Oberlaa spa expansion REGIONAL INVESTMENTS In accor- (EUR '000'000) (EUR '000'000) project, a unique "oasis of wellness" – like no other dance with its objectives as a cooperative, Raiff- Südzucker Group 139 19,580 378 5,765 in a large Euro pean city – will be created directly eisen-Holding NÖ-Wien has enhanced its commit- Amount attributable to AGRANA Group 53 8,230 157 1,916 in the city of Vienna between 2007 and 2010. The ment to several regional projects in Vienna and LLI Group 55 3,600 38 837 investment costs for the expansion of the existing Lower Austria with the primary goal of creating jobs spa complex amount to a total of EUR 130 million. and supporting the regional economy. In the period NÖM AG Group 3 500 24 337 The City of Vienna, VAMED, Raiffeisen-Holding NÖ- under review, approximately EUR 5 million was STRABAG SE Group 500 60,000 316 10,700 (output) Wien and other partners from the finance sector are invested in regional real estate projects in Lower EPAMEDIA Group 33 480 21 170 involved in the project. Austria and Vienna. In order to create as much DO & CO Group 8 2,020 6 206 value within the region as possible, special empha- RZB Group (incl. network banks) 3,030 61,400 – 137,400 sis is placed on using local contractors. Raiffeisen- (total assets) Holding NÖ-Wien's local commitments include the RLB NÖ-Wien 70 1,300 – 19,600 Ardagger cider information center, the Mistelbach (total assets) (figures rounded) RAIFFEISEN EVOLUTION PROJECT DEVELOP- museum center and the Nostalgiewelt (a museum MENT GMBH (RAIFFEISEN EVOLUTION) – a joint focusing on the 1950s) in Eggenburg. venture owned by RZB, UNIQA, STRABAG and Raiffeisen-Holding NÖ-Wien – is one of the leading project development companies in Austria as well Raiffeisen-Holding Niederösterreich-Wien reg.Gen.m.b.H. Friedrich-Wilhelm-Raiffeisen-Platz 1 . 1020 Vienna Phone: +43/1/21136-0 Telefax: +43/1/21136-22 23 Internet: www.rhnoew.at Bank code no.: 32300 . S.W.I.F.T. code: RLNW AT WW 2294_08_RH_report07_Kern_k1.qxd:GB Holding 05.05.2008 9:39 Uhr Seite 3 STRUCTURE OF INVESTMENTS 23 195 MEMBERS UNIVERSAL FINANCIAL SERVICES MEDIA REAL ESTATE/PPP ÖBB-POSTBUS KURIER STEIGENBERGER AVANCE HOTEL EPAMEDIA RAIFFEISENLANDESBANK RETAIL PARKS ORS NÖ-WIEN BUSINESS PARKS SAT.1 AND OTHERS KASERNEN AG NÖN RAIFFEISEN EVOLUTION AND OTHERS AND OTHERS INDUSTRY SERVICES AGRANA DO & CO LLI AMI PROMARKETING STRABAG RAIFFEISEN REISEBÜRO NÖM RENERGIE AND OTHERS AND OTHERS PUBLISHING INFORMATION: Concept/production: markant werbeagentur gmbh, 1220 Vienna, www.markant.at EDITING AND COORDINATION: Michaela Stefan-Jandl, Katharina Fuchs LAYOUT/GRAPHIC DESIGN: franke&hagen graphic design, 1190 Vienna, www.franke-hagen.com PRINTING/BINDING: AV+Astoria Druck zen trum, 1030 Vienna ILLUSTRATIONS: Raphael O. Gepp, 3002 Purkersdorf; PICTORIAL MATERIAL: Alfred Arzt, 1180 Vienna, www.pbase.com/artalf; Kurier Fotoredaktion, 1072 Vienna, www.kurier.at; Harald Eisenberger, 1160 Vienna, www.eisenberger.co.at; Getty Images, 80469 Munich, www.gettyimages.com; Aleksandra Pawloff, 1090 Vienna, www.pawloff.at; www.agrarfoto.com. Printed on environmentally friendly paper. 2294_08_RH_report07_Kern_fn.qxd:GB Holding 28.04.2008 8:55 Uhr Seite 4 A NETWORK OF SUCCESSFUL GROUP COMPANIES. As an investment bank, Raiffeisen-Holding NÖ-Wien holds significant stakes in some 660 companies. The organization's primary objective in this context is to manage and to serve as a central hub for those companies, which have enjoyed great success in Austria and abroad. 2294_08_RH_report07_Kern_fn.qxd:GB Holding 28.04.2008 8:55 Uhr Seite 5 1 THE RAIFFEISEN-HOLDING NÖ-WIEN NETWORK 45 Raiffeisen-Holding NÖ-Wien's portfolio of invest- and numerous other cooperatives. The managing di - ments comprises the core business areas of univer- rec tors, managers and employees at Raiffeisen- sal finance, industry, services, media and real estate. Hold ing NÖ-Wien are convinced of the performance The group also defined "Renewable Energy" as a capabilities inherent to the cooperative organiza- new business area in 2006 and is currently develop- tio nal structure and actively support its ongoing ing its activities in this field. development. Special attention is paid to the stron- gest group of members at Raiffeisen-Holding NÖ- Raiffeisen-Holding NÖ-Wien is highly committed to Wien – the 82 Lower Austrian Raiffeisen banks – its responsibility to provide a network among its affil - which have in creasingly emphasized their identity as iates. Synergies are leveraged within the group, cooperatives as an essential distinguishing feature know-how is bundled and mutual support is provi- vis-à-vis other financial service providers. In order to ded. increase awareness of the special characteristics of cooperative organizations and in particular to Raiffeisen-Holding NÖ-Wien prepares its group draw greater attention to membership, the "Together" financial statements according to the principles of (Mit.Einander) project was developed and has been Inter na tio nal Financial Reporting Standards (IFRS), extremely well received. A total of 20 Lower Austrian and 119 companies were fully consolidated within Raiffeisen banks have already implemented the pro- the group. The group's annual pre-tax profits came ject and developed individual program packages of to EUR 634 million (+26%). The revenues of compa- measures and offerings. nies in the fields of in dustry and services once again rose from EUR 17 billion in 2006 to EUR 18 billion in Number of group companies: 660 the reporting year. Locations: 3,900 Total revenues: EUR 18 billion Raiffeisen-Holding NÖ-Wien plans to continue pur- Employees: 150,000 suing its strategy of "depth before breadth" – giving Employees in Austria: 20,000 priority to investments in the core business areas of banking, industry, media, services, real estate and renewable energy – which has proven highly suc- Ensuring high levels of professional and social com- cessful in the past. petence as well as a maximum of flexibility is among the challenges faced by the volunteer officers at the A HIGHLY EFFICIENT Raiffeisen banks. For the first time, the qualifications COOPERATIVE NETWORK of officers of the management board and superviso- Raiffeisen-Holding NÖ-Wien is a modern coopera- ry board of Raiffeisen banks was discussed in a re- tive in line with Friedrich Wilhelm Raiffeisen's original gional working group, which also took account of vision and is owned by its 195 members, which in - changes in the legal framework. In 2007, a total of clude the Lower Austrian Raiffeisen banks as well as 1,500 visitors from Lower Austrian Raiffeisen banks Raiffeisen warehouses, procurement cooperatives participated in training and education programs. 2294_08_RH_report07_Kern_fn.qxd:GB Holding 28.04.2008 8:55 Uhr Seite 6 Raiffeisen-Holding NÖ-Wien's employees form the On the basis of Friedrich Wilhelm Raiffeisen's origi- basis for the company's success as well as its most nal idea of "helping people help themselves," important resource. At present, the Raiffeisen-Hold - Raiffeisen-Holding NÖ-Wien also promotes charita- ing Group employs a total of more than 150,000 ble activities such as the Concordia project for street people. Promoting these employees, advan cing children established by Father Georg Sporschill in their professional training and development, and Romania and Moldova. Moreover, the company pro- creating the optimum working conditions are key vides financial and material support for people who fundamentals of the RH Group's corporate policy. have been forced into hardship, such as a young Lower Austrian family who lost their father in a traffic Ecological business is a central aspect in all of accident in 2007.