Financial Results Západoslovenská distribučná, a.s. - Skupina ZSE

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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 20222021
Non-current assets 1,233,600  1,208,523
Current assets 125,121  61,527
Total assets 1,358,721 1,270,050
Equity 219,723  208,503
Non-current liabilities 595,842  884,754
Current liabilities 543,156  176,793
Total equity and liabilities 1,358,721 1,270,050
Revenue 465,659  376,111
EBIT 104,024  99,171
EBITDA 184,683 177,109
Income 491,910  400,883
Expenses (406,633)  (320,451)
EBT 85,277 80,432
Net income 63,624  60,663
Total comprehensive income 64,492 63,803
Investments 96,476 102,862
Average number of employees 1,518  1,505