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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 20212020
Non-current assets  1,208,523 1,166,077
Current assets  61,527 66,972
Total assets 1,270,050 1,233,049
Equity  208,503 207,477
Non-current liabilities  884,754 889,872
Current liabilities  176,793 135,700
Total equity and liabilities 1,270,050 1,233,049
Revenue  376,111 352,658
EBIT  99,171 114,821
EBITDA 177,109 196,397
Income  400,883 396,227
Expenses  (320,451) (300,493)
EBT 80,432 95,734
Net income  60,663 71,236
Total comprehensive income 63,803 70,222
Investments 102,862 90,901
Average number of employees  1,505 1,506