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The work of the Bundestheater-Holding is based on the principles of economy, economic efficiency and expedience, especially when it comes to the singular subsidies of 145,645 million Euro for the financial year 2009/10 allocated to the Budestheater-Holding and the theatre companies by the Republic of Austria. The so-called basic compensation represents the financial basis for the fulfilment of the cultural and political mandate, legally established in clause 2 of the BthOG.
The main tasks of the Bundestheater-Holding include:
- strategic management of its four subsidiaries
- controlling across the Group
- group-wide Internal Audit
- providing financial security for the theatre companies in order to fulfil the cultural and political mandate
- uniform regulation and enforcement of basic business principles as well as negotiation and conclusion of the collective bargaining agreements for the subsidiaries
In addition, the Bundestheater-Holding annually invests about 3 million Euro in the maintenance of its four historic buildings: Burgtheater, Akademietheater, Staatsoper and Volksoper. The annual investment volume amounts more than 3,3 million Euro, including the different phases of a special investment programme over several years.
A high degree of flexibility is required in order to fulfil these tasks. Therefore, a slim and efficient organisational structure is of utmost importance in order to comply with the tasks established by the Federal Theatres Organisation Act and to guarantee that the subsidiaries will be able to adhere to their function as service providing enterprises.
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