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ZSE acts as a managing holding company for the whole Group and all subsidiaries to which it also provides supporting services, such as Customer services, Accounting, Tax, Finance, Regulation, etc. 1 July 2007 ZSE incorporated subsidiaries – for the operation of distribution system and for energy trading and sales. This split was based on the European Union Directive on common rules for the internal market in electricity repealing that has been implemented into Slovak legislation by Act No. 656/2004 Coll. on energy
Non-current assets are mainly represented by financial investments in subsidiaries and associates. Equity is mainly represented by share capital and legal reserve fund. Non-current liabilities are related to Euro Bond emission in 2013 in amount of EUR 630 million.
Main source of ZSE revenue and EBITDA is dividend income from subsidiaries and associates. Another significant source is revenue from provision of non-core supporting services to its subsidiaries.
Key figures of Západoslovenská energetika, a.s. (ZSE):
| EUR in thousands | 2020 | 2019 |
|---|---|---|
| Non-current assets | 972 572 | 972 682 |
| Current assets | 129 791 | 117 687 |
| Total assets | 1 102 363 | 1 090 369 |
| Equity | 371 293 | 355 385 |
| Non-current liabilities | 634 296 | 634 641 |
| Current liabilities | 96 774 | 100 343 |
| Total equity and liabilities | 1 102 363 | 1 090 369 |
| Continuing operations | ||
| Revenue | 15 484 | 16 033 |
| EBIT | 89 895 | 74 676 |
| EBITDA | 93 921 | 78 256 |
| Income | 133 345 | 116 835 |
| Expenses | -42 968 | -41 625 |
| EBT | 90 377 | 75 210 |
| Net income from continuing operations | 89 816 | 74 358 |
| Net income from discontinued operations | 0 | |
| Net income total | 89 816 | 74 358 |
| Total comprehensive income | 89 652 | 74 210 |
| Investments | 4 961 | 4 790 |
| Average number of employees | 169 | 166 |