Together with its subsidiaries, Österreichische Elektrizitätswirtschaft-Aktiengesellschaft (Verbundgesellschaft), with its headquarters at Am Hof 6a, 1010 Vienna, registered at Vienna Commercial Court (FN 76023z), forms Verbund, for which the following financial statements were compiled for 2006 according to IFRS.

Verbund sells electrical energy to power exchange users, traders, provincial energy companies, industrial enterprises as well as households and commercial customers and operates the Austrian extra-high voltage grid. Electricity trade, which is being intensified on an ongoing basis, plays a critical role in the marketing of Verbund's own generation. Verbund contributes about 45 % to the generation of electrical energy in Austria and approx. 85 % of Verbund's generation comes from hydropower.