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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 20202019
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