STRABAG

Финансов отчет

Total Output (incl. Joint Ventures) of Bauholding Strabag AG (figures in Mio.)
Financial Year	Home		Abroad		Total
Financial Year	€	ATS	€	ATS	€	ATS
1996/97	630	8.664	668	9.196	1.298	17.860
1997/98	597	8.213	924	12.718	1.521	20.931
1998/99	1.794	24.684	1.250	17.209	3.044	41.893
1999*	1.903	26.187	1.355	18.642	3.258	44.829
2000	1.673	23.022	3.475	47.817	5.148	70.839
2001	1.483	-	3.832	-	5.315	-
2002	1.543	-	3.731	-	5.274	-

*excl. Strabag AG, Cologne

INDICATORS (consolidated) OF THE BAUHOLDING STRABAG AG
	2000	2001	2002
Output incl. project consortia (in million EUR)
Germany	2,000	2,282	1,991
Austria	1,673	1,483	1,543
Hungary	413	451	515
Czech Republic / Slovakia	270	265	326
Benelux	193	214	219
Poland	152	174	212
Switzerland	72	115	158
Other countries	375	331	310
Total	5,148	5,315	5,274

Average level of employment
Germany	10,340	10,520	10,583
Austria	10,419	9,317	9,133
Hungary	4,273	4,122	3,999
Czech Republic / Slovakia	2,820	2,841	2,705
Benelux	751	664	573
Poland	810	831	847
Switzerland	53	609	679
Other countries	960	1,212	2,290
Total	30,426	30,116	30,809

Order backlog (in million EUR)
Germany	1,259	1,245	1,097
Austria	876	868	821
Hungary	140	224	415
Czech Republic / Slovakia	130	128	313
Benelux	218	235	149
Poland	450	369	281
Switzerland	263	259	543
Other countries	383	345	477
Total	3,719	3,673	4,096

Indicators to IFR	Conclusion inc Strabag Beteiligungs AG
Investments in tixed assets (in million EUR)		179	239
Depreciation of fixed assets (in million EUR)		136	117
Dividends (in million EUR)		10.5	12.8*

Balance sheet indicators
Equity (in million EUR)		699	740
Equity ratio (in %)		23	23
EBITDA (in million EUR) **		217	206
EBIT (in million EUR) ***		81	89
EBT (in million EUR)		59	73
Net income (in million EUR)		50	51
* according to proposal by Managing Board ** operating result before depreciation *** business result

FINANCIAL STATEMENT
BauHolding STRABAG AG

a. Basic Capital

Amount....................................	EURO 68,439,064
Currency..................................	EURO
Authorised...............................	EURO 28,000,000
Issued......................................	EURO 68,439,064

b. Annual value of construction work undertaken for each of the last 4 years, and projected for the next two years.
EURO	Year 1999 (Mio. €)	Year 2000 (Mio. €)	Year 2001 (Mio. €)	Year 2002 (Mio. €)	Year 2003 (Mio. €)	Year 2004 (Mio. €)	Year 2005 (Mio €)
Home	1,903	1,673	1,483	1,543	1,560	1,600	1,650
Abroad	1,355	1,389	1,411	3,731	4,140	4,200	4,270
Total	3,258	3,062	2,894	5,274	5,700	5,800	5,920

c. Approximate value of Work in hand (home and abroad)

d. Abstracted basic data

EURO

Year
1999
(Mio. €)

Year
2000
(Mio. €)

Year
2001
(Mio. €)

Year
2002
(Mio. €)

Year
2003
(Mio. €)

Year
2004
(Mio. €)

Year
2005
(Mio €)

1.Total Assets

2.Total Liabilities

Net Value (1-2)

1,765

1,336

428

1,830

1,369

461

1,780

1,294

487

3,232

2,492

740

3,250

2,490

760

3,300

2,500

800

3,320

2,510

810

3.Current Assets

4.Current Liabilities

Working Capital (3-4)

1,133

1,111

1,185

1,158

1,105

937

167

2,217

1,998

219

2,240

2,000

240

2,300

2,010

290

2,330

2,020

310

5.Profit (before taxation)

6.Profit (after taxation)

n.a.

n.a.-

n.a.

n.a.-

n.a.

n.a.-

Reference list Largest value projects in progress or completed
No.	Name, location and type of project	Name of Employer	Total value of contract (EUR)	Begin of Construction		Date of practical completion		% of participation of company in project
No.	Name, location and type of project	Name of Employer	Total value of contract (EUR)	Month	Year	Month	Year	% of participation of company in project
1	JV S.A. Berlaymont 2000 office building	Berlaymont 2000 NV Strabag D	219.90	03	1998	09	2009	50%
2	JV Tunnel Gotthard Railwaytunnel Lot Amsteg	Alp Transit Gotthard AG (ATG) Zentralstrasse 5 CH 6003 Luzern	426.00		2002		2008	100%
3	JV Lötschberg Basis Tunnel North, Lot Mitholz Railwaytunnel (Strabag part 30%)	BLS Alp Transit AG CH 3601 Thun Aarestrasse 38b 0041/332257979	356.00	02	2000	02	2006	30%
4	Fischer Landfill Theresienfeld, Austria	BM f. Land- u. Forstwirtschaft, Umwelt- und Wasserwirtschaft	140.00	06	2002	02	2006	25%
5	JV Uetlibergtunnel (Strabag part 18%)	Baudirektion Kanton Zürich, Tiefbauamt CH 8090 Z?rich, Walcheturm 0041/25931132	267.40		2000		2006	18%
6	Hydro Power Plants Borcka and Muratli	Devlet Su Isleri Genel Müdürlügü Ankara, Turkey TK-06100 Yücetepe Mr. Tanriverdi 0090/3124178300-2761	540.00		1999		2005	17%
7	Lehrter Bahnhof Railway Station, Germany	DB Projekt GmbH, Berlin for the German Railway Authority and the Berlin Municipality	409.00		1997		2005	23%
8	M7 Motorway / M70 road, Hungary	National hungarian Motorway Ltd (NA)	233.20	03	2003	09	2004	100%
9	JV A2 Motorway Poland, 150 km Toll Motorway (STRABAG part 50 %)	Ministry for Transport and Maritime Economy	637.00	01	2002	12	2004	50%
10	Highrise-buildings at Münchner Tor (two towers)	Bürozentrum Parkstadt München-Schwabing KG Köllmann AG Gustav-Stresemann-Str. 28 D-65189 Wiesbaden	171.20	10	2002	09	2004	100%
11	National Motorway A20, Germany	DEGES, German Unity Motorway Planning and Construction Ltd.	103.50	09	2000	07	2003	33%
12	Euphrates Barrage at Birecik / Turkey BOT Project	Birecik Company	715.81	04	1996	10	2001	20%
13	Xiaolangdi Multi-Purpose Dam Project China	Yellow River Hydroelectric Power Development Corporation	809.05	06	1994	03	2002	15%
14	Marriott Grand Hotel Bucharest Romania	Grand Hotel Enterprises Society Ltd.	167.00	04	1999	12	2000	51%
15	M1/M15 Toll Motorway BOT-Project Hungary	ELMKA – Elsó Magyar Koncessziós Autópálya	189.00	01	1994	06	1998	100%
16	M 5 Toll Motorway BOT Project Hungary	The Minister of Transport, Communication and Water Management of the Republic of Hungary	238.00	01	1996	06	1998	50%

НАГОРЕ