Raiffeisen Informatik GmbH ANNUAL REPORT 2014
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REPORT OF THE SUPERVISORY BOARD 3
REPORT OF THE MANAGEMENT BOARD 6
CORPORATE BODIES AND SHAREHOLDERS OF RAIFFEISEN INFORMATIK 8
GROUP COMPANIES 10
LIST OF GROUP COMPANIES 15
CONSOLIDATED BALANCE SHEET 17
STATEMENT OF COMPREHENSIVE INCOME 19
CONTACT & CREDITS 20
TABLE OF CONTENTS
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Raiffeisen Informatik posted strong results in 2014 in spite of the challenging business
environment in the financial industry and the IT sector.
In times of growing customer demand for digital services and increased regulatory
requirements for financial services providers, a stable, innovative partner is essential for
successful performance.
With around 3,000 employees in over 30 countries and more than 100 branches focusing
on the core IT services and software segments, the Raiffeisen Informatik Group is ideally
placed to provide such support.
Changes to the Management and Supervisory Boards
Friederike Petznek-Stadlbauer and Martin Melkowitsch stepped down from the
Management Board with effect from 25 June 2014 and 2 February 2015 respectively.
As of 3 February 2015, the members of the Raiffeisen Informatik Management Board were
as follows:
Wilhelm Doupnik (CEO)
Markus Wollner
The Board would like to express its gratitude to the current and former members for their
outstanding commitment, which has benefited the company over the years.
The following changes were made in the composition of the Raiffeisen Informatik
Supervisory Board with effect from the end of April 2014:
At the Supervisory Board meeting of 30 April 2014 Andreas Fleischmann (member of the
Management Board of Raiffeisenlandesbank Niederösterreich-Wien AG) was appointed
Chairman of the Supervisory Board in place of Walter Rothensteiner (CEO of Raiffeisen
Zentralbank Österreich AG). Johannes Schuster (member of the Raiffeisen Zentralbank
Österreich AG Management Board) was named Deputy Chairman of the Supervisory
Board, replacing Michael Rab (member of the Management Board of Raiffeisenlandesbank
Niederösterreich-Wien AG).
Michael Kafesie (head of Participations Management & Controlling at Raiffeisen Zentralbank
Österreich AG) was newly elected to the Board.
We would like to thank the outgoing Supervisory Board Chairman and Deputy Chairman
for their outstanding dedication over the years, and for their significant contribution to the
Company’s growth and success.
REPORT OF THE SUPERVISORY BOARD
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Activities in 2014
During the 2014 financial year the Supervisory Board played an active part in supporting
the implementation of the Group’s strategy, as well as performing the duties incumbent on
it by virtue of the law and the Group’s articles of association.
The Supervisory Board regularly consulted with the Management Board on the running of
the Company, monitored the Management Board’s activities, and was involved in all vital
strategic decisions. The Board was kept up to date with developments in the business
situation, major transactions including the risk situation and the risk management system,
as well as the future direction of the Raiffeisen Informatik Group. The Board’s ongoing
supervision did not give rise to any objections. The Management Board responded to
suggestions made by the Supervisory Board.
The main topics that the Supervisory Board focused on in 2014 were developments in the
Austrian and international IT markets, changes in revenue, earnings and employee
numbers, measures aimed at cutting costs and increasing revenue, the financial situation,
and key investment projects.
The following projects played a particularly significant role:
fit4SMART, a project centred on the timely implementation and operation of infrastructure and services in all zones and entities, is a core component of the overarching “One IT for Raiffeisen Austria” programme.
In April 2014 Raiffeisen Informatik opened one of the most modern and high-performance data centres in Austria.
The Space Shuttle project concentrated on migrating customers’ IT infrastructure to the new data centre.
In order to intensify the collaboration with Raiffeisenlandesbank Niederösterreich-
Wien AG, capitalise on additional synergies, and boost efficiency and competitive-
ness, the Group outsourced marketing, press relations and facility management
activities to Raiffeisenlandesbank.
Annual and consolidated financial statements
KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, the auditor
appointed for the 2014 financial year, audited the annual financial statements, prepared in
accordance with Austrian accounting standards, and the operating and financial review for
the year ended 31 December 2014. The auditor compiled a written report on the results of
the audit and gave an unqualified auditors’ opinion. Following a detailed analysis and
discussions in both the Audit Committee and the Supervisory Board, the latter approved
the annual financial statements prepared by the Management Board for the year ended
31 December 2014, including the notes and the operating and financial review, as well as
its proposal for the five-year plan.
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The consolidated financial statements were prepared in accordance with International
Financial Reporting Standards (IFRS). These were likewise audited by KPMG Austria
GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, which gave an unqualified
auditors’ opinion. The Supervisory Board approved the consolidated financial statements
including the notes and the operating and financial review.
The Supervisory Board would like to thank the Management Board and all employees of
the Raiffeisen Informatik Group for their hard work and commitment during the last
financial year. Their expertise and motivation played a vital role in the Company’s success-
ful performance. The Board also expresses its gratitude to Raiffeisen Informatik’s customers
and partners for their trust.
On behalf of the Supervisory Board
Andreas Fleischmann CEO, Raiffeisenlandesbank Niederösterreich-Wien AG Chairman of the Supervisory Board, Raiffeisen Informatik GmbH
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Dear shareholder,
Austrian economic growth fell short of expectations in 2014, remaining virtually unchanged
on the previous year’s level, at 0.3% (2013: 0.2%). The same applied to the IT market,
which was also subdued owing to the muted economic environment.
Growth forecasts for Austria for 2015 are similarly modest, at 0.5%. However, the outlook
for the ICT market is considerably more optimistic. IDC is predicting growth of 3.8% for the
global ICT sector. This expansion will be fuelled by investment in mobility, cloud computing,
big data and analytics, which are set to experience a sharp upturn in demand in 2015.
Thanks to its partnerships within the Raiffeisen Banking Group, Raiffeisen Informatik
capitalised on a number of growth opportunities that presented themselves both within the
Group and in the wider market. Consolidated revenue reached an outstanding EUR 2.1bn
in the reporting period, and with operations in 30 countries, the Company is very well
positioned from a strategic perspective.
Raiffeisen Informatik reached an important milestone in 2014 with the official inauguration
of its data centre – one of the most powerful and secure facilities in Austria. Designed to
handle the rapid global growth in data volumes, it will have over 5,000 square metres of
server room space following the second expansion phase, ensuring that we are well
placed to handle future technological challenges. It features state-of-the-art infrastructure
with multiple mirroring, as well as a range of scalable services based on visualised processor
and storage systems, which can be quickly adapted to our customers’ requirements. The
new data centre is at the heart of Raiffeisen Informatik’s growth and expansion strategy.
Growth and quality require a powerful organisational structure, which was the focus of our
efforts in 2014. This process involves bundling and leveraging synergies and sharpening
the focus of individual roles within the organisation.
At the same time we have significantly modernised and expanded our product portfolio.
We took steps to develop our services in line with evolving customer requirements. Examples
include the introduction of new invoicing models for virtual services on all platforms and the
addition of colour printing to our output services. A variety of new services – such as virtual
desktop as a service, the cloud integration service, mobile document processing and
mobile web conferencing – underline our ability to innovate and represent a strong foundation
for Raiffeisen Informatik’s continued success.
In 2014 Raiffeisen Informatik supported customers on a number of projects. The most
important, One IT for Raiffeisen Austria, which targets the harmonisation of software
development in the Raiffeisen Group, is the largest and most complex customer project we
are currently involved in.
REPORT OF THE MANAGEMENT BOARD
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We migrated the SAP system of Lafarge’s Austrian subsidiary to our Vienna data centre in a
very short space of time. Since then we have been responsible for basic technical oper-
ation of the cement market leader’s software, as well as backing up and archiving data.
2014 also brought a special anniversary: for ten years Raiffeisen Informatik has been
providing the highly available IT infrastructure behind the Austrian truck road toll system.
The Group has processed more than 6.2 billion transactions and issued 36 million invoices
since the kilometre-based system’s introduction in 2014. Besides supplying secure and
reliable IT operations, Raiffeisen Informatik is also responsible for optimising the Austrian
truck toll system with a view to continuously improving usability.
In addition to long-standing key accounts, the services in our broad-based portfolio – ranging
from high-availability IT operations, outsourcing and security services to consulting, licence
management and comprehensive workplace support – attracted various new customers
from a range of industries in 2014, including HOERBIGER, SPAR, WSK Bank, KEBA, GIS,
Tele2, HUECK Folien, Hofer and willhaben. We are particularly pleased to have been
selected to operate the new AuRep reporting platform, which has all of the major Austrian
banks among its stakeholders.
Numerous awards and certifications reflect the commercial success of Raiffeisen Informatik
GmbH. A short time ago we achieved certification for a further two years as an SAP
Hosting Partner (status: Excellent) and SAP Application Management Services Provider.
From the standard of equipment in the data centre to security, compliance and service
management processes – the Company scored top marks in each of the areas covered by
the audit. Both certifications signify that Raiffeisen Informatik satisfies the quality standards
set out by SAP, providing efficient, round-the-clock, professional SAP services for its
customers thanks to its decades of experience and extensive know-how.
We would like to thank all of our customers for their trust during the 2014 financial year.
And in future the Group will continue to handle all of their IT-related tasks as a high-efficiency,
secure and reliable partner. The success of our business is mainly the result of the personal
dedication, ambition, motivation and commitment of every single one of our employees.
We would especially like to thank our shareholders, who have given our ambitious plans
their full backing over the years, paving the way for our successful development.
On behalf of the Management Board
Wilhelm Doupnik
Chairman of the Management Board
Raiffeisen Informatik GmbH
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The following persons were on the Management Board of Raiffeisen Informatik
in 2014:
Wilhelm Doupnik, CEO
Martin Melkowitsch
Mag. Friederike Petznek-Stadlbauer (until 25 June 2014)
Markus Wollner
The following persons were on the Supervisory Board of Raiffeisen Informatik
in 2014:
Andreas Fleischmann
Chairman of the Supervisory Board, Raiffeisenlandesbank Niederösterreich-Wien
(from 30 April 2014)
Walter Rothensteiner
Chairman of the Supervisory Board, Raiffeisen Zentralbank Österreich Aktiengesellschaft
(until 29 April 2014)
Johannes Schuster
Deputy Chairman of the Supervisory Board, Raiffeisen Zentralbank Österreich AG
(from 30 April 2014)
Michael Rab
Deputy Chairman of the Supervisory Board, Raiffeisenlandesbank Niederösterreich-Wien
AG (until 29 April 2014)
Michael Alge
Raiffeisenlandesbank Vorarlberg Waren- und Revisionsverband reg. Gen.m.b.H.
Veronika Haslinger
Raiffeisen-Holding Niederösterreich-Wien reg. Gen.m.b.H.
Michael Kafesie
Raiffeisen Zentralbank Österreich AG (from 29 April 2014)
Rudolf Könighofer
Raiffeisenlandesbank Burgenland und Revisionsverband eGen
Thomas Münkel, UNIQA Versicherungen AG
Johann Jakubcik, Works Council Raiffeisen Informatik GmbH
Peter Kelis, Works Council Raiffeisen Informatik GmbH
Norbert Riedl, Works Council Raiffeisen Informatik GmbH (until 31 March 2014)
Silvia Scharf, Works Council Raiffeisen Informatik GmbH (from 01 April 2014)
Walter Schmegkal, Works Council Raiffeisen Informatik GmbH
CORPORATE BODIES AND SHAREHOLDERS OF RAIFFEISEN INFORMATIK
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The following shareholders own shares in the parent company of the Raiffeisen
Informatik Group, Raiffeisen Informatik GmbH:
Raiffeisenlandesbank NÖ-Wien AG 47.35%
RZB Invest Holding GmbH 46.95%
Raiffeisenlandesbank Burgenland und Revisionsverband eGen 2.09%
UNIQA Insurance Group AG 1.00%
Raiffeisen Rechenzentrum, reg. Gen.m.b.H. & Co KG 1.00%
Raiffeisen-Landesbank Steiermark AG 0.10%
Raiffeisen Bank International AG 0.10%
Raiffeisen Bausparkasse Gesellschaft m.b.H. 0.10%
Raiffeisen Kapitalanlage-Gesellschaft m.b.H. 0.10%
Raiffeisen Salzburg IT-Service eGen 0.10%
Raiffeisen-Landeswerbung Niederösterreich-Wien 0.10%
Raiffeisen Einkaufs- und Beschaffungsgenossenschaft Burgenland eGen 0.10%
IT-Servicierung Raiffeisen Steiermark 0.10%
Notartreuhandbank AG 0.10%
Valida Pension AG 0.10%
Valida Plus AG 0.10%
Valida Industrie Pensionskasse AG 0.10%
PZB Einkaufs- und Beschaffungs GmbH 0.10%
Kooperationsverein für bankwirtschaftliche Unternehmen 0.10%
Tiroler Datenübertragungsverein 0.10%
Verein der Raiffeisenbankengruppe Kärnten und Partnerbanken zur
Beteiligung an bundesweiten IT-Unternehmungen des österreichischen
Raiffeisensektors
0.10%
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Raiffeisen Informatik grew through the takeover of COMPAREX AG in 2008 into an
international group company with currently 33 locations and over 100 subsidiaries
throughout the world.
Raiffeisen Informatik’s equity stakes and subsidiaries are at the heart of the Group’s
growth and international expansion strategy. Our aim is to provide our customers with
blanket support and provide assistance on all IT-related matters worldwide. The Company
is not only Austria’s biggest IT provider, but also sees itself as providing vital support to
customers in Austria and abroad.
GROUP COMPANIES
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RAIFFEISEN INFORMATIK BETEILIGUNGS GMBH
Raiffeisen Informatik Beteiligungs GmbH, or RI-B, is a wholly owned subsidiary of
Raiffeisen Informatik and unifies all investment activities of the Austrian IT providers.
RI-B is thereby following a consistent investment strategy. This investment strategy follows
the aim of supporting and extending the Raiffeisen Informatik business, being applicable to
both products and services as well as markets and industries. Distributive multipliers,
growth amplifiers, and technologically innovative enterprises form the focus of the
acquisition and investment strategy.
Within the network, RI-B develops and fosters the companies with the aim of providing
timely access to future technologies as well as achieving economies of scale and growth
for the group. In this way, RI-B makes a significant contribution to the technological
competitiveness of Raiffeisen Informatik and its subsidiaries and customers.
COMPAREX AG
Leipzig-based Comparex AG (www.comparex.com) is one of the world’s leading multi-
vendor ICT service providers. A wholly-owned subsidiary of Raiffeisen Informatik Group,
the company specialises in licence management, software procurement, technical product
consulting and cloud-based services.
The sectors served by Raiffeisen Informatik Group and Comparex supplement each com-
pany’s portfolio, adding value for customers in Austria and abroad.
A global business with over 30 years of experience of the IT services market, Comparex
focuses on software procurement, licence management and technical consulting.
RAIFFEISEN INFORMATIK CONSULTING GMBH
Raiffeisen Informatik Consulting (RI-C) is a wholly owned distribution subsidiary of Raiffeisen
Informatik GmbH, disseminating the products and services of Raiffeisen Informatik on the
IT market and offering comprehensive consulting and assistance in information technology
projects.
As a customer focused service provider Raiffeisen Informatik Consulting (www.ri-c.at) of-
fers reliability, availability, optimal security, and efficient forward looking IT-solutions for
customers. Raiffeisen Informatik Consulting is also a software licensing specialist, taking
on procurement and maintenance of software licenses from Citrix, IBI, BMC, IBM and
Microsoft.
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Numerous renowned enterprises such as UNIQA, STRABAG, ASFINAG, ÖBB, T-Mobile,
AGRANA, Niederösterreichische Landeskliniken Holding etc. put their faith in the reliable
services of Raiffeisen Informatik and its distribution subsidiary Raiffeisen Informatik
Consulting.
RAIFFEISEN INFORMATIK TECHNICAL SERVICES GMBH Raiffeisen Informatik Technical Services (RI-S) is a vendor-independent, cross-regional field service provider for corporate accounts offering far more than traditional client management services and a 100% subsidiary of Raiffeisen Informatik. RI-S (www.ri-s.at) supports customers with all kinds of technical workplace services. Quality, expertise, and success are the foundation of reliable client management services. RI-S offers a wide range of Client Management Services. Responding quickly, being a reliable and flexible to constantly growing and changing customer and partner requirements, engages RI-S to be a long-term partner for all IT workplace requirements of our customers.
The RI-S service portfolio is based on mutually agreed service level agreements and
covers Client Management, telecommunications, support and repair management.
BAT-GROUPWARE GMBH
bat-groupware (www.bat.at) is a qualified solution partner for all groupware tasks and a
leading producer of innovative software solutions that promote collaboration between
professionals.
bat-groupware provides software solutions tailored to specific customer requirements. The
company’s main areas of expertise include consulting, design, implementation and support
services related to groupware, IBM Notes/Domino Systems Management, Microsoft
SharePoint/Office 365 and business process optimisation.
It also offers proprietary solutions for IBM Notes and .Net for Microsoft SharePoint that are
closely aligned to the most prevalent standards, allowing for easier integration into existing
IT landscapes, including the integration and management of external devices. bat-groupware
uses new technologies such as XPages and Connections, and offers in-depth expertise in
the fields of requirement engineering and test engineering.
D2D – DIRECT TO DOCUMENT GMBH Since 2008 Raiffeisen Informatik’s print output services have been the responsibility of a shared enterprise, which is jointly owned by Raiffeisen Informatik Group (70 percent) and Österreichische Post AG (30 percent).
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D2D - direct to document GmbH (www.d2d.at) brings together printing and shipping services under one roof. With a 15 percent share, the company leads the output market. Leading-edge IT solutions combined with dependable printing and enveloping facilities ensure that documents are delivered on time. Raiffeisen Informatik’s output centre makes it possible to transfer data to documents quickly and reliably. Accurate delivery is under-pinned by a Raiffeisen Informatik-developed application which reads in documents via a data matrix code and groups documents that belong together in batches.
This technology makes it possible for Raiffeisen Informatik to produce (in colour or black
and white), check and dispatch all kinds of documents including bills, account statements,
insurance policies or meter reading cards, as well as mail shots and special productions.
GEMDAT NÖ NIEDERÖSTERREICHISCHE GEMEINDE-DATENSERVICE GESMBH
gemdat NÖ (www.gemdatnoe.at) has been providing turnkey IT solutions for municipalities,
city councils, local authority associations and educational institutions since 1982.
A market leader, its core focus is on customising software suites published by big name
manufacturers and providing user-friendly, state-of-the-art, flexible software solutions for
public bodies. gemdat NÖ also leads the way in the education sector with a broad-based
portfolio including everything from interactive whiteboards to end-to-end IT systems for
schools. The company has partnerships with around 480 local authorities, 20 local
authority associations and 350 schools.
60 innovative experts with extensive industry experience are at hand to provide a full range
of services, accompanying clients every step of the way from the initial stages to day-to-day
support.
A-TRUST – GESELLSCHAFT FÜR SICHERHEITSSYSTEME IM ELEKTRONISCHEN
DATENVERKEHR GMBH
A-Trust (www.a-trust.at) is an Austrian business providing a full range of secure services
related to digital signatures. The company is the only accredited provider of certification
services for qualified certificates in Austria and Liechtenstein.
Its products comply with the Austrian Signature Law and the EU Electronic Signatures
Directive, meaning the company is permitted to issue qualified certificates for generating
secure digital signatures. The company also runs a freely available public directory with
up-to-the-minute revocation information.
A-Trust’s stakeholders include several banks, Raiffeisen Zentralbank, the Austrian Bar
Association, the Federal Economic Chamber (WKÖ) and Raiffeisen Informatik.
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RAIFFEISEN INFORMATIK SLOVENIA D.O.O. Raiffeisen Informatik’s first shared service centre is based on an outsourcing agreement concluded between the newly founded Raiffeisen Informatik Slovenia (a wholly owned subsidiary of Raiffeisen Informatik Group) and Raiffeisen Bank Slovenia (RBSI). Under the agreement, Raiffeisen Informatik Slovenia acquired 19 employees and hardware and software worth around EUR 3.2m from RBSI. Raiffeisen Informatik Slovenia provides a total of 16 services for RBSI. Its portfolio includes:
Business Support Services: IT services that support products for Raiffeisen Bank Slovenia customers
Bank Support Services: IT services that support internal operations at Raiffeisen Bank Slovenia (HR, bookkeeping, procurement, etc.)
Technical Services: Technical support for the bank’s hardware
The experts in Slovenia are also responsible for operating the itsm-Box application.
RAIFFEISEN INFORMATIK SLOVAKIA S.R.O. Raiffeisen Informatik SK s.r.o., a Raiffeisen Informatik shared service centre, is head-quartered in Presov (SK). The shared service centre is currently being built up and its five employees provide Raiffeisen Informatik with technical operations for the company’s cloud services (IaaS, ITSM Box etc.). It also handles technical operations for Raiffeisen Informatik relating to server platforms, networks and security.
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Name and registered office Share
1. CONSOLIDATED SUBSIDIARIES
Raiffeisen Informatik GmbH, Vienna, Austria
Raiffeisen Informatik Consulting GmbH, Vienna, Austria 100.00%
bat-groupware GmbH, Vienna, Austria 99.00%
Raiffeisen Informatik Beteiligungs GmbH, Vienna, Austria 100.00%
Raiffeisen Informatik Managementservices GmbH, Vienna, Austria 100.00%
Raiffeisen Informatik Technical Services GmbH, Vienna, Austria 100.00%
Raiffeisen Informatik Technical Services International GmbH, Vienna, Austria 100.00%
Raiffeisen Informatik CEE Holding GmbH, Vienna, Austria 100.00%
Raiffeisen Informatik SI d.o.o., Maribor, Slovenia 100.00%
„Peruni“ Holding GmbH, Vienna, Austria 100.00%
R-IT Immobilien Holding GmbH, Vienna, Austria 100.00%
R-IT Liegenschaftsentwicklungs Holding GmbH, Vienna, Austria 100.00%
R-IT Liegenschaftsentwicklungs GmbH & Co KG, Vienna, Austria 100.00%
COMPAREX AG, Leipzig, Germany 100.00%
COMPAREX Group Accounts GmbH, Vienna, Austria 100.00%
ISP*D International Software Partners GmbH, Poing, Germany 100.00%
COMPAREX Benelux Holding B.V., Amsterdam, Netherlands 100.00%
COMPAREX Nederland B.V., Amsterdam, Netherlands 100.00%
COMPAREX Software Belgium BVBA., Brussels, Belgium 100.00%
COMPAREX d.o.o. Beograd, Belgrade, Serbia 80.00%
Euro Soft B.V., Amsterdam, Netherlands 100.00%
COMPAREX Italia S.r.l., Saronnno/Milan, Italy 100.00%
COMPAREX France SAS, Courbevoie/Paris, France 100.00%
COMPAREX UK Ltd., London, Great Britain 100.00%
COMPAREX IT-Services GmbH, Leipzig, Germany 100.00%
COMPAREX PC-Ware Deutschland GmbH, Leipzig, Germany 100.00%
COMPAREX Romania S.R.L., Bucharest, Rumania 95.00%
DIGI TRADE s.r.o., Prague, Czech Republik 100.00%
COMPAREX Danmark A/S, Farum, Denmark 100.00%
COMPAREX Sweden AB, Kista/Stockholm, Sweden 100.00%
COMPAREX Finland Oy, Helsinki, Finnland 100.00%
COMPAREX Norge AS, Oslo, Norway 100.00%
Data Center & POS Solutions Schweiz AG, Dietikon, Switzerland 99.99%
COMPAREX Solutions Schweiz AG, Dietikon, Switzerland 100.00%
COMPAREX (Beijing) Commercial Company Ltd., Bejing, China 100.00%
COMPAREX O.O.O Moscow, Russia 100.00%
COMPAREX Austria GmbH, Vienna, Austria 100.00%
COMPAREX Poland sp.z.o.o., Warsaw, Poland 100.00%
COMPAREX d.o.o. Ljubljana, Ljubljana, Slovenia 100.00%
COMPAREX Espana S.A., Madrid, Spain 100.00%
COMPAREX Slovakia spol.s.r.o., Bratislava, Slovakia 100.00%
COMPAREX CZ s.r.o, Prague, Czech Republik 100.00%
LIST OF GROUP COMPANIES
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COMPAREX Kazakhstan T.O.O., Almaty, Kazakhstan 100.00%
COMPAREX Ukraine T.O.V., Kiev, Ukraine 100.00%
COMPAREX Beteiligungsverwaltung GmbH, Vienna, Austria 100.00%
Data Centre Services SA/NV, Brussels, Belgium 100.00%
COMPAREX Belgium SA/NV, Brussels, Belgium 100.00%
COMPAREX Software Luxembourg s.a.r.l., Luxembourg, Luxembourg 100.00%
COMPAREX India Private Limited, New Delhi, India 70.00%
COMPAREX Bulgaria d.o.o., Sofia, Bulgaria 80.00%
COMPAREX South Africa Pty Ltd., Bryanston/Johannesburg, South Africa 100.00%
COMPAREX Holding GmbH, Vienna, Austria 100.00%
COMPAREX Indonesia P.T., Jakarta, Indonesia 100.00%
Agile Software B.V., Alphen aan den Rijn, Netherlands 100.00%
InfraControl B.V., Alphen aan den Rijn, Netherlands 100.00%
COMPAREX USA Inc., Iselin, USA 100.00%
Periféricos Electrónicos S.A. de C.V., Monterrey, Mexiko 99.94%
COMPAREX Brasil Servicos de Tecnologia e Participacoes Ltda, Sao Paolo, Brasilien 100.00%
2. ASSOCIATED COMPANIES
DIANA BAD Errichtungs- und Betriebs GmbH, Vienna, Austria 33.00%
gemdat NOE Gemeinde Datenservice GmbH, Korneuburg, Austria 32.50%
3. JOINT VENTURES
D2D – direct to document GmbH, Vienna, Austria 70.00%
4. AFFILIATED COMPANIES RECOGNIZED USING THE EQUITY METHOD
CloudBearing Inc., Raleigh, USA 100.00%
PC-Ware India Ltd., Haryana, India 100.00%
COMPAREX HRVATSKA d.o.o., Zagreb, Croatia 100.00%
COMPAREX Hungary Kft., Budapest, Hungary 100.00%
PC-Ware Information Technologies Ltd., London, Great Britain 100.00%
PC-Ware Professional GmbH, Leipzig, Germany 100.00%
PC-Ware India Ltd., Haryana, India 100.00%
some: IT Consulting edvdiensteistungs GmbH, Vienna, Austria 100.00%
ASC Magyarorszag Irodagepjavito Kft, Budapest, Hungary 100.00%
Informatik Services Slovakia s.r.o., Bratislava - Lamač, Slovakia 100.00%
„DATA CENTRE SERVICES UKRAINE“ LLC, Kiev, Ukraine 100.00%
Raiffeisen Informatik SK s.r.o., Bratislava, Slovakia 100.00%
5. ASSOCIATED COMPANIES NOT RECOGNIZED IN THE EQUITY METHOD
TCL DIGI TRADE s.r.o., Ostrava-Svinov, Czech Republik 30.00%
TSI-Terminal und Software Installationen GmbH, Graz, Austria 25.00%
6. OTHER EQUITY INVESTMENTS
A-Trust Gesellschaft für Sicherheitssysteme im elektrischen Datenverkehr GmbH, Vienna 13.56%
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ASSETS 31/12/2014 31/12/2013
€ 000 € 000
Non-current assets
Property, Plan and equipment 109,954 98,239
Goodwill 112,525 94,557
Intangible assets 119,251 120,429
Shares in associated companies 4,218 3,603
Long-term trade receivables 4,257 0
Non-current financial assets 7,350 10,934
Other non-current assets 5,483 3,949
Deferred tax claims 7,702 7,822
370,740 339,533
Current assets
Inventories 15,610 28,213
Accounts receivable - trade 384,598 374,709
Current financial assets 6,809 3,885
Other current assets 55,204 39,253
Deferred tax assets 2,668 2,805
Cash and cash equivalents 209,031 169,905
673,920 618,770
TOTAL ASSETS 1,044,660 958,303
CONSOLIDATED BALANCE SHEET FOR THE YEAR ENDED ON 31 DECEMBER 2014
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LIABILITIES 31/12/2014 31/12/2013
€ 000 € 000
Shareholders‘ equity
Subscribed capital 1,460 1,460
Capital reserves 36,464 43,906
Cumulated results 34,217 51,699
Items offset directly in equity -17,178 -9,709
Non-controlling interests 81 96
55,044 87,452
Long-term liabilities
Long-term trade payables 696 0
Long-term financial liabilities 124,855 125,568
Provisions for pensions and similar obligations 25,598 21,092
Other long-term liabilities 153,345 87,104
Deferred tax debts 18,529 16,422
323,023 250,186
Short-term liabilities
Accounts payable - trade 470,573 414,869
Short-term financial liabilities 67,044 66,167
Provisions 25,011 25,392
Tax liabilities 14,005 5,584
Other current liabilities 89,960 108,653
666,593 620,665
TOTAL LIABILITIES 1,044,660 958,303
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2014 2013
€ 000 € 000
Sales revenues 2,103,773 1,846,102
Own work capitalised 1,268 1,148
Costs of materials and purchased services -1,681,619 -1,440,912
Personnel expenses -220,121 -217,257
Other operating expenses -132,840 -128,347
Other operating income 22,724 15,969
EBITDA 93,185 76,703
Depreciation -39,521 -36,269
Impairment losses 0 -256
EBIT 53,664 40,178
Income from financial investments 1,371 1,372
Financing expenses -49,246 -18,813
Profit/loss from associated companies and joint ventures 916 465
Financial result -46,959 -16,976
EBT 6,705 23,202
Taxes on income -18,719 -8,996
PROFIT AFTER TAXES -12,014 14,206
thereof attributable to the shareholders of the parent company -11,876 14,171
thereof non-controlling interests -138 35
STATEMENT OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDING ON 31 DECEMBER 2014
20
Raiffeisen Informatik GmbH (R-IT)
Lilienbrunngasse 7-9
1020 VIENNA
AUSTRIA
Raiffeisen Informatik Consulting GmbH (RI-C)
Lilienbrunngasse 7-9
1020 VIENNA
AUSTRIA
Raiffeisen Informatik Beteiligungs GmbH (RI-B)
Lilienbrunngasse 7-9
1020 VIENNA
AUSTRIA
Raiffeisen Informatik Technical Services GmbH (RI-S)
Hermann-Gebauer-Straße 20
1220 VIENNA
AUSTRIA
Publisher and copyright owner:
Raiffeisen Informatik GmbH
Lilienbrunngasse 7-9
1020 VIENNA
Tel.: +43 1/99 3 99-0
Fax: +43 1/99 3 99-1100
E-Mail: [email protected]
Web: www.r-it.at
Copy deadline: 27 April 2015
Im Typographical and printing errors are possible.
In the interests of readability, gender neutral terminology has been used wherever possible.
It should be noted that the text always refers to both men and women.
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