During the reporting period, the PGE Group consisted of the enumerated below subsidiaries, consolidated directly and indirectly:
Entity | Entity holding shares | Share of the Group entities as at December 31, 2016 | Share of the Group entities as at December 31, 2015 | ||
SEGMENT: SUPPLY | |||||
1. | PGE Polska Grupa Energetyczna S.A. Warsaw | The parent company | |||
2. | PGE Dom Maklerski S.A. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
3. | PGE Trading GmbH Berlin | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
4. | PGE Obrót S.A. Rzeszów | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
5. | ENESTA sp. z o.o. Stalowa Wola | PGE Obrót S.A. | 87.33% | 87.33% | |
SEGMENT: CONVENTIONAL GENERATION | |||||
6. | PGE Górnictwo i Energetyka Konwencjonalna S.A. Bełchatów | PGE Polska Grupa Energetyczna S.A. | 99.98% | 99.96% | |
7. | ELBIS sp. z o.o. Rogowiec | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
8. | MEGAZEC sp. z o.o. Bydgoszcz | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
9. | MegaSerwis sp. z o.o. Bogatynia | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
10. | „ELMEN” sp. z o.o. Rogowiec | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
11. | Przedsiębiorstwo Usługowo-Produkcyjne „ELTUR-SERWIS” sp. z o.o. Bogatynia | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
12. | Przedsiębiorstwo Usługowo-Produkcyjne „TOP SERWIS” sp. z o.o. Bogatynia | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
13. | Przedsiębiorstwo Transportowo-Sprzętowe „BETRANS” sp. z o.o. Bełchatów | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
14. | Przedsiębiorstwo Wulkanizacji Taśm i Produkcji Wyrobów Gumowych BESTGUM POLSKA sp. z o.o. Rogowiec | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
15. | RAMB sp. z o.o. Piaski | PGE Polska Grupa Energetyczna S.A. | 100.00% | - | |
PGE Górnictwo i Energetyka Konwencjonalna S.A. | - | 100.00% | |||
16. | EPORE sp. z o.o. Bogatynia | PGE Górnictwo i Energetyka Konwencjonalna S.A. | 85.38% | 85.38% | |
17. | „Energoserwis – Kleszczów” sp. z o.o. Rogowiec | PGE Górnictwo i Energetyka Konwencjonalna S.A. | 51.00% | 51.00% | |
18. | Przedsiębiorstwo Energetyki Cieplnej sp. z o.o. Zgierz | PGE Górnictwo i Energetyka Konwencjonalna S.A. | 50.98% | 50.98% | |
SEGMENT: RENEWABLES | |||||
19. | PGE Energia Odnawialna S.A. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
20. | Elektrownia Wiatrowa Baltica-1 sp. z o.o. Warsaw | PGE Energia Odnawialna S.A. | 100.00% | 100.00% | |
21. | Elektrownia Wiatrowa Baltica-2 sp. z o.o. Warsaw | PGE Energia Odnawialna S.A. | 100.00% | 100.00% | |
22. | Elektrownia Wiatrowa Baltica-3 sp. z o.o. Warsaw | PGE Energia Odnawialna S.A. | 100.00% | 100.00% | |
23. | PGE Energia Natury sp. z o.o. Warsaw | PGE Energia Odnawialna S.A. | 100.00% | 100.00% | |
PGE Energia Natury Omikron sp. z o.o. Warsaw | PGE Energia Odnawialna S.A. | - | 100.00% | ||
24. | PGE Energia Natury PEW sp. z o.o. Warsaw | PGE Energia Odnawialna S.A. | 100.00% | 100.00% | |
SEGMENT: DISTRIBUTION | |||||
25. | PGE Dystrybucja S.A. Lublin | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
SEGMENT: OTHER OPERATIONS | |||||
26. | PGE EJ 1 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 70.00% | 70.00% | |
27. | PGE Systemy S.A. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
28. | EXATEL S.A. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
29. | PGE Sweden AB (publ) Stockholm | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
30. | PGE Obsługa Księgowo-Kadrowa sp. z o.o. Lublin | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
31. | „Elbest” sp. z o.o. Bełchatów | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
32. | Elbest Security sp. z o.o. Bełchatów | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
33. | PGE Inwest 2 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
PGE Inwest 4 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | - | 100.00% | ||
34. | PGE Inwest 5 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
35. | PGE Inwest 6 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
36. | PGE Inwest 7 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
37. | PGE Inwest 8 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
38. | PGE Inwest 9 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
39. | PGE Inwest 10 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
40. | PGE Inwest 11 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
41. | PGE Inwest 12 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
42. | PGE Inwest 13 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
43. | PGE Inwest 14 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
44. | PGE Inwest 15 sp. z o.o. Warszawa | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
45. | PGE Inwest 16 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | 100.00% | |
46. | PGE Inwest 17 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | - | |
47. | PGE Inwest 18 sp. z o.o. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | - | |
48. | PGE Towarzystwo Funduszy Inwestycyjnych S.A. Warsaw | PGE Polska Grupa Energetyczna S.A. | 100.00% | - | |
49. | ENERGO-TEL S.A. Warsaw | EXATEL S.A. | 100.00% | 100.00% | |
50. | BIO-ENERGIA sp. z o.o. Warsaw | PGE Energia Odnawialna S.A. | 100.00% | 100.00% | |
51. | Przedsiębiorstwo Transportowo-Usługowe „ETRA” sp. z o.o. Białystok | PGE Dystrybucja S.A. | 100.00% | 100.00% | |
52. | Energetyczne Systemy Pomiarowe sp. z o.o. Białystok | PGE Dystrybucja S.A. | 100.00% | 100.00% |
The table above includes the following changes in the structure of the PGE Group companies subject to full consolidation which took place during the year ended December 31, 2016:
- On March 10, 2016 PGE Polska Grupa Energetyczna S.A. and PGE Górnictwo i Energetyka Konwencjonalna S.A. concluded agreement for purchase of 100% shares of subsidiary RAMB sp. z o.o. The transaction had no impact on these financial statements.
- On August 17, 2016 the Extraordinary General Meeting of PGE Energia Natury PEW sp. z o.o. and PGE Energia Natury Omikron sp. z o.o. (subsidiaries of PGE Energia Odnawialna S.A.) adopted resolutions on merger of PGE Energia Natury PEW sp. z o.o. (the Acquiring Company) with PGE Energia Natury Omikron sp. z o.o. (the Acquired Company). The merger of the companies was executed through the transfer to the Acquiring Company of all of the assets of the Acquired Company and subsequent dissolution of the Acquired Company without liquidation. On August 31, 2016 the merger of the companies was registered in the National Court Register and the Acquired Company was deleted from the National Court Register. The merger had no impact on these financial statements.
- On September 15, 2016 PGE Polska Grupa Energetyczna S.A. set up two companies: PGE Inwest 17 sp. z o.o. and PGE Inwest 18 sp. z o.o. The share capital amounts to PLN 10,000 for each company. The companies were registered in the National Court Register: PGE Inwest 17 sp. z o.o. on October 20, 2016 and PGE Inwest 18 sp. z o.o. on October 19, 2016.
- On September 19, 2016 the Extraordinary General Meeting of PGE Inwest 4 sp. z o.o. and RAMB sp. z o.o. (subsidiaries of PGE S.A.) adopted resolutions on merger of PGE Inwest 4 sp. z o.o. (the Acquiring Company) with RAMB sp. z o.o. (the Acquired Company). The merger was registered in the National Court Register on December 16, 2016. The merger had no impact on the consolidated financial statements. After the merger the company changed its name from PGE Inwest 4 sp. z o.o. to RAMB sp. z o.o.
- On December 29, 2016 PGE Polska Grupa Energetyczna S.A. established PGE Towarzystwo Funduszy Inwestycyjnych S.A. The entity was registered in the National Court Register on January 27, 2017.
In addition, on May 31, 2016 PGE S.A. and Polska Grupa Zbrojeniowa S.A. (“PGZ”) signed a letter of intent in which they express their willingness to cooperate in order to conclude a sale of shares of Exatel S.A. by PGE to PGZ. Since the conditions resulting from IFRS 5 Non-current Assets Held for Sale and Discontinued Operations were not met, the shares of Exatel S.A. are recognized and consolidated based on previously existing principles.
After the reporting date the following events took place:
- On Febraury 1, 2017 PGE Polska Grupa Energetyczna S.A. established PGE Invest 19 sp. z o.o. The entity was registered in the National Court Register on February 24, 2017.