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Most Austrian listed companies have already switched to IFRS

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12 May 2003

For the past three years, the Vienna stock exchange has required all domestic and foreign companies listed on the A-Market and the Austrian Growth Market (AGM) to submit consolidated financial statements under either IFRS or US GAAP.

Other listed companies have been permitted to use IFRS or US GAAP or the Austrian commercial code. In their 2002 financial statements, nearly all listed Austrian companies have used IFRS. Only a few are now using US GAAP or the Austrian code. Starting in 2005, virtually all listed European companies, including Austrian companies, will be required to use IFRS.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.