Západoslovenská energetika, a.s. (ZSE)

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 ZSE as of December 31

Key figures of Západoslovenská energetika, a.s. (ZSE):

EUR in thousands 20182017
Non-current assets 952 914 646 524
Current assets 86 920 422 214
Total assets 1 039 834 1 068 738
Equity 345 004 354 824
Non-current liabilities 627 672 316 885
Current liabilities 67 158 397 029
Total equity and liabilities 1 039 834 1 068 738
Continuing operations:    
Revenue 16 545 18 248
EBIT  66 869 69 370
EBITDA 69 636 71 960
Income 116 534 112 996
Expenses -52 835 -43 542
EBT 63 699 69 454
Net income from continuing operations 64 037 68 834
Net income from discontinued operations 0 1 860
Net income total 64 037 70 694
Total comprehensive income 64 152 70 583
Investments 2 984 4 051
Average number of employees 166 306