Západoslovenská distribučná, a.s. (ZSD)

ZSD started operations on 1 July 2007 as a 100% subsidiary of ZSE. ZSD operates the distribution network in Western Slovakia as a monopoly provider. It holds all required licenses and is regulated by Regulatory Office for Network Industries (RONI).

ZSD was established on 20 April 2006 with headquarters at Čulenova 6, 816 47 Bratislava. Performing provisions of Section 32(10) of new Act on Energy, the title ZSE Distribúcia, a.s. was changed to Západoslovenská distribučná, a.s. on 1 January 2013.

Non-current assets of ZSD are mainly represented by distribution network that was revalued at fair value at unbundling in 2007. Equity is mainly represented by share capital and legal reserve fund.  Non-current liabilities are related mainly to borrowing from the Parent company ZSE in amount of EUR 630 million.

Main source of ZSD revenue and EBITDA is the provision of distribution services in Western Slovakia. Revenue from distribution services is regulated by RONI.

Key Figures of Západoslovenská distribučná as of December 31

Key figures of Západoslovenská distribučná, a.s. (ZSD):

EUR Thousand 20182017
Non-current assets 1 028 104 990 374
Current assets 88 386 84 579
Total assets 1 116 490 1 074 953
Equity 177 346 170 179
Non-current liabilities 805 266 486 097
Current liabilities 133 878 418 677
Total equity and liabilities 1 116 490 1 074 953
Revenue 503 706 502 185
EBIT 107 670 107 190
EBITDA 174 719 175 320
Income 525 531 521 943
Expenses -438 115 -435 856
EBT 87 416 86 087
Net income 65 055 64 545
Total comprehensive income 65 915 64 672
Investments 100 386 77 644
Average number of employees 1 423 1 292