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 2017 2016
Non-current assets 990 374 981 522
Current assets 84 579 64 034
Total assets 1 074 953 1 045 556
Equity 170 179 160 801
Non-current liabilities 486 097 791 873
Current liabilities 418 677 92 882
Total equity and liabilities 1 074 953 1 045 556
Revenue 502 185 475 130
EBIT 107 190 99 104
EBITDA 175 320 169 229
Income 521 943 495 540
Expenses -435 856 -418 069
EBT 86 087 77 786
Net income 64 545 62 789
Total comprehensive income 64 672 63 521
Investments 77 644 73 090
Average number of employees 1 292 1 283