4 Associates

In previous years, associates were reported under other financial assets. They have therefore been presented in the 2008/09 financial year as reclassifications from other financial assets to associates. The change in the scope of consolidation relates to the shareholding in Stadtwerke Sinsheim, which was first included in the 2008/09 financial year. The following overviews present the development in the carrying amounts of associates and in key items in their balance sheets and income statements.

Associates

 
Euro 000s 2008/2009 2007/2008  
Gross value at 1.10.   
Change in scope of consolidation 5 353   
Measurement at equity – 859   
Addition   
Reclassification 71 901   
Gross value at 30.9. 76 395   
      
Amortisation at 1.10.   
Change in scope of consolidation   
Amortisation   
Reclassification 1 257   
Amortisation at 30.9. 1 257   
Net value at 30.9. 75 138   

Associates account for the following assets, liabilities, equity, sales and annual net surplus:

 
Euro 000s 2008/2009 2007/2008  
Non-current assets 653 255   
Current assets 255 392   
Provisions 505 287   
Liabilities 213 580   
Equity 189 780   
Sales 722 629   
Annual net surplus 11 244   

The investment income received by the MVV Energie Group from these associates in the 2008/09 financial year amounted to Euro 5 146 thousand.

Apart from Biomasse Rhein-Main GmbH, Flörsheim-Wicker, and in contrast to the
MVV Energie Group, the associates have financial years ending on 31 December. No publicly listed market price is available.

There are no restrictions on disposal or other encumbrances.