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 20192018
Non-current assets 972 682 961 400
Current assets 117 687 78 434
Total assets 1 090 369 1 039 834
Equity 355 385 345 004
Non-current liabilities 634 641 627 672
Current liabilities 100 343 67 158
Total equity and liabilities 1 090 369 1 039 834
Continuing operations    
Revenue 16 033 16 545
EBIT 74 676 66 869
EBITDA 78 256 69 636
Income 116 835 116 534
Expenses -41 625 -52 835
EBT 75 210 63 699
Net income from continuing operations 74 358 64 037
Net income from discontinued operations 0 0
Net income total 74 358 64 037
Total comprehensive income 74 210 64 152
Investments 4 790 2 984
Average number of employees 166 166