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 20192018
Non-current assets 1 132 854 1 028 104
Current assets 92 132 91 556
Total assets 1 224 986 1 119 660
Equity 206 341 185 493
Non-current liabilities 885 308 807 124
Current liabilities 133 337 127 043
Total equity and liabilities 1 224 986 1 119 660
Revenue 490 074 503 706
EBIT 125 235 107 670
EBITDA 201 214 174 719
Income 513 308 525 531
Expenses -407 176 -438 115
EBT 106 132 87 416
Net income 79 568 65 055
Total comprehensive income 78 105 65 915
Investments 88 858 85 225
Average number of employees 1467 1 423