Martin Schwarzbichler Head of Downstream Finance & Projects at OMV. With a degree in business administration, Martin Schwarzbichler joined OMV in 2003. He has had several positions in commercial and finance divisions, and has also dealt with many large scale infrastructure projects and financings.

Christian Steiner Member of the Austrian Enforcement Panel. With a degree in business administration, Christian Steiner joined the Enforcement Panel in 2017 and is responsible for performing enforcement audits of IFRS consolidated financial statements and management reports form listed companies. Before he joined the Enforcement Panel he was Senior Manager and member of the IFRS Desk of Ernst&Young. He is a chartered accountant and tax advisor.

Daniel Turnheim Senior Vice President Finance. With a degree in business administration, Daniel Turnheim joined OMV in 2002. He originally took on the position Head of OMV Corporate Controlling, beforebeing engaged to the Board of Directors of OMV Petrol Ofisi. In January 2011, he was appointed Chief Financial Officer of OMV Petrom, and finally took over the role of OMV SVP Finance in 2013.

Offers guidance on financial steering, valuation as well as KPI management and illustrates the interaction with IFRS

Describes methods and techniques which are applicable for all sectors and especially for capital intensive industries

Connects management accounting with IFRS and illustrates their interactions

1. Introduction.- 2. Value Management for the Energy Industry: Financial KPI's & Ambition Level.- 3. WACCs & Hurdle Rate.- 4. Single Investment Decision.- 5. Valuation.- 6. Economic Portfolio Decisions.- 7. Acquisitions - Impact on Consolidated Financial Statement.- 8. Impairment of Assets (Fixed Assets and Goodwill).- 9. Divestments.- 10. New IFRS Standards.- 11. Fair Value Measurement.- Appendices.- Index.