As at December 31, 2016 and December 31, 2015 non-controlling interests related mainly to non-controlling shareholders of PGE EJ 1 sp. z o.o.
The below table presents changes in non-controlling interests in the reporting periods.
As at December 31, 2016 | As at December 31, 2015 | |
AS AT JANUARY 1 | 96 | 116 |
Share in net profit of subsidiaries | (2) | (5) |
Dividends declared by subsidiaries | (4) | (4) |
Change in ownership interests while retaining control | - | 68 |
Increase of equity, shares acquisition | 10 | - |
Acquisition of non-controlling interests by the Group | (4) | (78) |
Other changes | - | (1) |
AS AT 31 DECEMBER 31 | 96 | 96 |
Acquisition of non-controlling interests during the year ended December 31, 2016 and December 31, 2015 relates mainly to the acquisition of shares of PGE Górnictwo i Energetyka Konwencjonalna S.A. by PGE S.A.
Change in ownership interests while retaining control that took place in the year ended December 31, 2015 concerns sales of 30% of PGE EJ1 sp. z o.o. shares owned by PGE S.A.