DOCSLIB.ORG

PDF-Xchange 4.0 Examples

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
PDF-Xchange 4.0 Examples Energa SA Management Board report on the activity of the Group for the year ended 31 December 2017 Energa SA Manage- ment Board report on the activity of the Group for the year ended 31 December 2017 Gdańsk, Publication date: 15 March 2018 1 WorldReginfo - c47e6995-7181-4c30-bde8-e87658e1446c Energa SA Management Board report on the activity of the Group for the year ended 31 December 2017 TABLE OF CONTENTS 1. SUMMARY ...................................................................................................................................................... 3 2. KEY INFORMATION ABOUT THE GROUP ................................................................................................... 9 2.1. Activities of the Energa SA Group .......................................................................................................... 9 2.2. Key events and achievements of the Energa SA Group ....................................................................... 12 2.3. Energa SA Group's management model .............................................................................................. 16 2.4. Energa SA Group's Strategy for 2016–2025 ........................................................................................ 20 2.5. Research and development .................................................................................................................. 22 2.6. Risk management in the Energa SA Group .......................................................................................... 27 2.7. Information on material agreements and transactions .......................................................................... 35 2.8. Proceedings pending before the court, arbitration bodies or public administration bodies ................... 39 2.9. HR and payroll situation ........................................................................................................................ 51 2.10. Corporate social responsibility of the Energa SA Group ....................................................................... 53 2.11. Awards and recognitions for the Energa SA Group .............................................................................. 55 3. ANALYSIS OF THE FINANCIAL STANDING AND ASSETS ....................................................................... 58 3.1. Rules for preparing the annual consolidated financial statements ........................................................ 58 3.2. Explanation of the economic and financial data disclosed in the annual consolidated financial statements ............................................................................................................................................ 58 3.3. Structure of assets and liabilities in the consolidated statement of financial position ........................... 65 3.4. Description of significant off-balance sheet items ................................................................................. 66 3.5. Key operational data of the Energa SA Group ...................................................................................... 66 3.6. Financial results by operating segments ............................................................................................... 71 3.7. Projected financial results ..................................................................................................................... 81 3.8. Ratings ................................................................................................................................................. 81 3.9. Dividend ................................................................................................................................................ 82 3.10. Information about the entity authorized to audit the financial statements ............................................. 82 4. ENVIRONMENT ............................................................................................................................................ 84 4.1. Macroeconomic situation ...................................................................................................................... 84 4.2. Electricity market in Poland .................................................................................................................. 85 4.3. Regulatory environment ........................................................................................................................ 91 4.4. Energa vs. the industry ......................................................................................................................... 94 5. SHARES AND SHAREHOLDING STRUCTURE .......................................................................................... 97 5.1. Energa's shareholding structure ........................................................................................................... 97 5.1. Company stock prices on the Warsaw Stock Exchange ....................................................................... 98 5.2. Investor relations in Energa SA ............................................................................................................ 99 5.3. Recommendations for the Company’s stock ...................................................................................... 100 6. REPRESENTATION ON THE APPLICATION OF CORPORATE GOVERNANCE PRINCIPLES ............. 102 6.1. Corporate governance principles not applied in the Company ........................................................... 102 6.2. Major shareholders ............................................................................................................................. 102 6.3. Holders of securities giving special rights of control and description of these rights ........................... 102 6.4. Restrictions regarding the exercise of voting rights ............................................................................ 103 6.5. Restrictions on the transfer of ownership title to securities ................................................................. 103 6.6. Rules for amending the Company’s Articles of Association ................................................................ 103 6.7. Company's corporate bodies .............................................................................................................. 104 6.8. Compensation of persons in management and supervisory bodies ................................................... 118 6.9. Diversity policy .................................................................................................................................... 121 6.10. Primary attributes of the internal control and risk management systems in reference to preparing financial statements ............................................................................................................................ 121 7. MANAGEMENT BOARD'S REPRESENTATION ....................................................................................... 124 List of figures ................................................................................................................................................... 125 List of tables .................................................................................................................................................... 125 Glossary of terms and abbreviations ............................................................................................................... 127 2 WorldReginfo - c47e6995-7181-4c30-bde8-e87658e1446c Energa SA Management Board report on the activity of the Group for the year ended 31 December 2017 1. SUMMARY One of the leading energy groups and a reliable supplier of electricity and services for 1/4 of Poland, with a 36-percent of production from RES in own production. 22.1TWh 4.3 TWh 20.6 TWh volume of electricity gross production of retail sales supplied electricity Prices of ENERGA SA’s shares 15 zł Market capitalization:PLN 5.3 bn* 12 zł 9 October 2017 – payment date of a 9 zł dividend of PLN 0.19 per share. 6 zł * According to share price as at closing on 29 I II III IV V VI VII VIII IX X XI XII December 2017 3 WorldReginfo - c47e6995-7181-4c30-bde8-e87658e1446c Energa SA Management Board report on the activity of the Group for the year ended 31 December 2017 Distribution network Installed capacity 9 thous. with the length of 1.34 GWe employees 185 thous. km of which 38% falls to RES Installed capacity 513 MWe RES production 1,548 GWh In 2017, the Energa SA Group executed investment projects worth PLN 1,402 m, of which almost PLN 1,247 m in the Distribution Business Line*. As a result of completed investments, in 2017, nearly 51.7 thousand new customers were connected, 3,718 km of high, medium and low voltage lines were built and modernized and 32 MW of new renewable energy sources were connected to the grid. * The Group changed the nomenclature from Segments to Business Lines in connection with signing the Cooperation Agreement in December 2017, described in Chapter 2.3. Energa SA Group's management model of this Report. 4 WorldReginfo - c47e6995-7181-4c30-bde8-e87658e1446c Energa SA Management Board report on the activity of the Group for the year ended 31 December 2017 GROUP’S FINANCIAL AND OPERATIONAL HIGHLIGHTS FOR 2014-2017 EBITDA (PLN m) Revenues (PLN m) EBITDA margin 10,804 10,590 10,181 10,534 22% 21% 20% 21% 2,357 2,216 2,027 2,160 2014 2015 2016 2017 2014 2015 2016 2017 Net profit (PLN m) EBITDA by Business Line (PLN m) profit margin 2,216
Load more

Recommended publications
  • Our Responsibility 2016
    Our Responsibility 2016 1 OUR RESPONSIBILITY 2016 | ON THE ENERGA GROUP Table of contents On the Energa Group. .7 Distribution activity. 97 1.1. Our company. .8 4.1. Development of distribution activity as a strategic area . .98 1.2. Responsible and ethical governance . .19 4.2. Quality and security of energy supply . .101 1 1.3. Report as a tool for dialog with our stakeholders. .30 4 4.3. Investments in the distribution network. .107 Customers. 37 Employees . 113 2.1. Customer relations . .38 5.1. Responsible employer . .114 2 2.2. Energa-Obrót SA customer and products . .42 5 5.2. Our employees .. 116 2.3. Responsible sales process. 47 5.3. Health and safety . .121 2.4. Customer-oriented innovations . .54 5.4. Education and development. 125 5.5. Employee involvment in developing organizational culture. 128 Natural environment . 57 Local communities. 137 3.1. Environmental objectives in 2016 . 58 6.1. Responsibility to local communities as a strategic area . 138 3.2. Environmental management strategy. 60 6.2. Activities benefiting society . .140 3 3.3. Ecological energy from conventional and renewable sources . 89 6 6.3. Cooperation with public administration and heeding the voice of local 3.4. Investments in environmental protection . 91 communities. 153 3.5. Environmentally friendly innovative technologies . 93 6.4. Charitable activity . 162 GRI Table . .166 3 OUR RESPONSIBILITY 2016 | ON THE ENERGA GROUP 4 Dear Stakeholders, We would like to convey to you “Our Responsibility 2016” report summarizing the key achie- and charitable activities, which is confirmed by reinstituting the Energa Group to the stock vements of the Energa Group in sustainable development and corporate social responsibility.
    [Show full text]
  • Management Board Report on the Activity of ENERGA SA for the Year Ended 31 December 2018 for the Year Ended 31 December 2018
    Management Board Report on the activity of ENERGA SA for the year ended 31 December 2018 for the year ended 31 December 2018 Management Board Report on the activity of ENERGA SA for the year ended 31 December 2018 Gdańsk, Publication date: 14 March 2019 1 Management Board Report on the activity of ENERGA SA for the year ended 31 December 2018 for the year ended 31 December 2018 CONTENTS 1. KEY INFORMATION ABOUT THE COMPANY AND THE GROUP ............................................................... 4 1.1. Role of the Company in the Group ......................................................................................................... 4 1.2. Activities of the Energa Group ................................................................................................................ 4 1.3. The Company’s highlights ...................................................................................................................... 5 1.4. The Energa Group Governance Model ................................................................................................. 12 1.5. The Energa Group Strategy for 2016-2025 .......................................................................................... 16 1.6. Implementation of the investment programme in 2018 ......................................................................... 17 1.7. Research and development .................................................................................................................. 18 1.8. Risk management at the Company .....................................................................................................
    [Show full text]
  • 7 Sprawozdanie Zarz Du Z Dzia Alno Ci Polska Energia SA Za
    Sprawozdanie Zarząłś du z dzia alno ci TAURON Polska Energia SA za rok obrotowy 2017 Sprawozdanie Zarządu z działalności TAURON Polska Energia S.A. za rok obrotowy 2017 SPIS TREŚCI 1. TAURON POLSKA ENERGIA S.A. ................................................................................................................................ 5 1.1. Podstawowe informacje o Spółce................................................................................................................................. 5 1.2. Organizacja oraz struktura Grupy Kapitałowej TAURON ............................................................................................. 5 1.2.1. Jednostki podlegające konsolidacji ....................................................................................................................... 5 1.2.2. Powiązania organizacyjne lub kapitałowe ............................................................................................................ 6 1.2.3. Główne inwestycje krajowe i zagraniczne ............................................................................................................ 7 1.3. Strategia i Priorytety strategiczne Grupy Kapitałowej TAURON ................................................................................... 9 1.3.1. Misja, wizja i wartości Grupy Kapitałowej TAURON ........................................................................................... 10 1.3.2. Strategia Grupy Kapitałowej TAURON na lata 2016-2025 .................................................................................
    [Show full text]
  • Grupa Kapitałowa Energa SA
    ENERGA SA Group Condensed Interim Consolidated Financial Statements prepared in accordance with IAS 34 for the nine-month period ended 30 September 2014 Energa SA Group Condensed interim consolidated financial statements as at and for the period of 9 months ended 30 September 2014 (in thousands of PLN) TABLE OF CONTENTS CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS ..........................................................................3 CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ..........................................................4 CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION ....................................................................5 CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY ....................................................................7 CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS .................................................................................9 1. General information ....................................................................................................................................................10 2. Composition of the Group and its changes ................................................................................................................11 3. Approval of the financial statements ..........................................................................................................................15 4. Basis for preparation of the financial statements .......................................................................................................15
    [Show full text]
  • Grupa Kapitałowa Energa SA
    ENERGA SA Capital Group Consolidated financial statements compliant with IFRS for the year ended December 31, 2011 together with independent auditor’s opinion Capital Group ENERGA SA Consolidated Financial Statements for the year ended December 31, 2011 under IFRS (in zlotys) TABLE OF CONTENTS CONSOLIDATED INCOME STATEMENT .............................................................................................. 3 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ....................................................... 4 CONSOLIDATED STATEMENT OF FINANCIAL POSITION ................................................................. 5 CONSOLIDATED STATEMENT OF EQUITY CHANGES ...................................................................... 7 CONSOLIDATED STATEMENT OF CASH FLOWS .............................................................................. 9 1. General information.............................................................................................................. 10 2. Composition of the Group .................................................................................................... 11 3. Composition of the Management Board of the parent company ......................................... 15 4. Approval of the Financial Report .......................................................................................... 15 5. Basis for preparing the financial report ................................................................................ 15 6. Important values based on professional judgment and estimates
    [Show full text]
  • SEKTOR ENERGETYCZNY W POLSCE © F O T : D a N I E L S C H –
    © Foto: Daniel Schoenen – Fotolia.com POLSKA AGENCJAINFORMACJIIINWESTYCJIZAGRANICZNYCHS.A. W POLSCE ENERGETYCZNY SEKTOR Sektor energetyczny na świecie Bezpieczeństwo energetyczne jest kwestią strategiczną dla każdego państwa. Dla każdego kraju wytwa- rzanie i przesyłanie energii elektrycznej jest gospodarczym krwiobiegiem, który obok systemu transporto- wego warunkuje sprawne funkcjonowanie gospodarki. Rozwój gospodarczy państw jest uzależniony od dostępu do energii. Prognozuje się, że do 2040 r. gospo- darka światowa będzie rosła w średnim tempie 2,8% rocznie. Uwzględniając przewidywane stałe zwiększa- nie efektywności w wytwarzaniu energii, wzrost globalnego sektora energetycznego będzie wynosić 1,1% rocznie. Przewiduje się, że spadać będzie znaczenie źródeł konwencjonalnych (energia z węgla i ropy naftowej – przewidywany wzrost o 0,4% rocznie), przy jednoczesnym wzroście udziału źródeł odnawialnych (energia słoneczna, wiatrowa i geotermalna – wzrost o 7,4% rocznie). Rozwój energetyki odnawialnej powi- nien się przyczynić do osiągnięcia przez nią udziału ok. 20% w wytwarzaniu energii w 2040 roku.1 W skali świata jest to również sektor, który w 2011 roku budził duże zainteresowanie inwestorów. Projekty dotyczące zaopatrzenia w gaz, wodę i elektryczność wg UNCTAD stanowiły ok. 8% procent wszystkich światowych inwestycji bezpośrednich. Ich wartość w 2011 r. wzrosła o 43% w stosunku do roku poprzednie- go i o ok. 6% w stosunku do średniego poziomu sprzed kryzysu (średnia z lat 2005–2007).2 Charakterystyka sektora w Polsce Bilans energii pierwotnej Produkcja energii pierwotnej w Polsce opiera się przede wszystkim o paliwa kopalne. Na pierwszym miej- scu jest – i najprawdopodobniej jeszcze długo pozostanie – węgiel (kamienny i brunatny), odpowiadający za 56% zapotrzebowania. Istotny jest również udział ropy naftowej – 25%. Wykres. 1. Struktura zapotrzebowania na energię pierwotną wg źródeł 13% 6% Gaz ziemny Biomasaiodpady 56% Ropa naftowa Węgiel 25% Źródło: Mix energetyczny 2050.
    [Show full text]
  • Responsible Business Report 2011
    RESPONSIBLE BUSINESS REPORT 2011 1.3. MAN RESPONSIBLE BUSINESS REPORT ENERGA GROUP 2011 RESPONSIBLE BUSINESS REPORT 2011 1 TABLE1.3. MAN OF CONTENTS RESPONSIBLE BUSINESS REPORT ENERGA GROUGROUPP 20112011 INTRODUCTION ....................................................................................................................................4 SUSTAINED DEVELOPMENT UNDERLYING INVESTMENTS .....................................................6 1.1 ABOUT THE CAPITAL GROUP ................................................................................................7 1.1.1 VISION, MISSION, STRATEGIC VALUES AND GOALS ......................................................................................................... 7 1.1.2 TRANSFORMATION OF THE ENERGA GROUP ......................................................................................................................... 9 1.1.3 BUSINESS STRATEGY OF THE ENERGA GROUP AS A CONTINUOUS SEARCH FOR INNOVATIVE SOLUTIONS FOR THE FUTURE ............................................................................................................17 1.2 SUSTAINABLE DEVELOPMENT .......................................................................................... 30 1.2.1 REPORT ON SUSTAINABLE DEVELOPMENT OF THE ENERGA GROUP .......................................................30 1.2.2 MANAGEMENT OF SUSTAINABLE DEVELOPMENT IN THE ENERGA GROUP ........................................31 1.3 MAN. .........................................................................................................................................
    [Show full text]
  • Sprawozdanie Zarządu Energi SA Z Działalności Energi SA Za Rok Zakończony Dnia 31 Grudnia 2018 Roku
    Sprawozdanie Zarządu Energi SA z działalności Energi SA za rok zakończony dnia 31 grudnia 2018 roku Sprawozdanie Zarządu Energi SA z działalności Energi SA za rok zakończony dnia 31 grudnia 2018 roku Gdańsk, Data publikacji: 14 marca 2019 roku 1 Sprawozdanie Zarządu Energi SA z działalności Energi SA za rok zakończony dnia 31 grudnia 2018 roku SPIS TREŚCI 1. ISTOTNE INFORMACJE O SPÓŁCE I GRUPIE ............................................................................................ 4 1.1. Rola Spółki w Grupie .............................................................................................................................. 4 1.2. Działalność Grupy Energa ...................................................................................................................... 4 1.3. Najważniejsze zdarzenia i dokonania Spółki .......................................................................................... 5 1.4. Model zarządzania Grupą Energa ........................................................................................................ 12 1.5. Strategia Grupy Energa na lata 2016–2025 ......................................................................................... 16 1.6. Realizacja programu inwestycyjnego w 2018 roku ............................................................................... 17 1.7. Badania i rozwój ................................................................................................................................... 18 1.8. Zarządzanie ryzykiem w Spółce ..........................................................................................................
    [Show full text]
  • Management Board Report on Performance of the Energa Capital Group and of Energa SA in 2019
    Management Board Report on performance of the Energa Capital Group and of Energa SA in 2019 Gdańsk, 27 May 2020 Management Board Report on performance of the Energa Capital Group and of Energa SA in 2019 Contents 1. SUMMARY ...................................................................................................................................................... 4 2. KEY INFORMATION ABOUT THE GROUP ................................................................................................... 7 2.1. Activities of the Energa Group ................................................................................................................ 7 2.2. Group’s structure and governance model ............................................................................................... 9 2.3. Key events in 2019 and after the balance sheet date ........................................................................... 12 2.4. Innovation activities .............................................................................................................................. 23 2.5. Capital expenditures ............................................................................................................................. 24 2.6. The Energa Group Strategy and Directions of Development for 2016–2025 ........................................ 26 2.7. Awards and distinctions ........................................................................................................................ 31 2.8. Corporate Social Responsibility
    [Show full text]
  • ENERGA SA Management Board Report on the Activity of the Group for the Year Ended 31 December 2016
    ENERGA SA Management Board report on the activity of the Group for the year ended 31 December 2016 Gdańsk, Publication date: 30 March 2017 ENERGA SA Management Board report on the activity of the Group for the year ended 31 December 2016 TABLE OF CONTENTS 1. SUMMARY OF 2016 ....................................................................................................................................... 3 2. KEY INFORMATION ABOUT THE GROUP ................................................................................................... 9 2.1. Key events and achievements of the ENERGA Group ........................................................................... 9 2.2. Activities of the ENERGA Group .......................................................................................................... 13 2.3. ENERGA Group's management model ................................................................................................ 19 2.4. ENERGA Group's Strategy for 2016–2025 ........................................................................................... 20 2.5. Research and development .................................................................................................................. 23 2.6. Risk management in the ENERGA Group ............................................................................................ 28 2.7. Information on material agreements and transactions .......................................................................... 34 2.8. Proceedings pending before the court,
    [Show full text]
  • NASZA ODPOWIEDZIALNOŚĆ 2017 Spis Treści 3
    NASZA ODPOWIEDZIALNOŚĆ 2017 Spis treści 3. Wyzwania środowiskowe dla działalności Grupy Energa . 81 3.1. Realizacja celów środowiskowych w 2017 roku . 82 1. O Grupie Energa . 5 3.2. Strategia zarządzania środowiskowego . 84 1.1. List p.o. Prezesa Zarządu Energi SA . 6 3.3. Energia ze źródeł konwencjonalnych i odnawialnych . 117 1.2. Profil firmy . 10 3.4. Inwestycje w ochronę środowiska . 119 1.3. Struktura i model biznesowy Grupy Energa . 12 1.4. Wpływ ekonomiczny Grupy Energa . 22 4. Odpowiedzialny Pracodawca . 123 1.5. Odpowiedzialne i etyczne zarządzanie . 23 4.1. Cele i priorytety . 124 1.6. Innowacyjna Energa . 40 4.2. Nasi pracownicy . 127 1.7. Raport jako narzędzie dialogu z naszymi interesariuszami . 4 3 4.3. Bezpieczeństwo i zdrowie pracowników i podwykonawców . 136 4.4. Edukacja i rozwój . 142 2. Odpowiedzialne relacje z Klientami . 51 4.5. Zaangażowanie pracowników w rozwój kultury organizacyjnej . 145 2.1. Kształtowanie relacji z Klientami . 52 2.2. Klienci i produkty Grupy Energa . 56 5. Współpraca ze społecznością . 157 2.3. Odpowiedzialny proces sprzedaży . 61 5.1. Odpowiedzialność wobec społeczności lokalnych i wspólnoty narodowej 2.4. Innowacje w służbie Klienta . 70 jako obszar strategiczny . 158 2.5. Inwestycje na rzecz zwiększania dostępu Klientów do energii 5.2. Działalność na rzecz społeczeństwa . 163 i zwiększające efektywność dystrybucji . 73 5.3. Współpraca z administracją i uwzględnienie głosu społeczności lokalnych . 1 9 0 2.6. Rozwój sieci dystrybucyjnej . 78 5.4. Działalność charytatywna . 202 Tabela GRI . 210 1 O Grupie Energa Szanowni Państwo, jako podsumowanie dokonań Grupy Energa w obszarze zrównoważonego rozwoju i społecznej odpowiedzialności biznesu oddajemy w Państwa ręce raport „Nasza odpowiedzialność 2017”.
    [Show full text]
  • Sprawozdanie Zarządu Z Działalności TAURON Polska Energia S.A
    SPRAWOZDANIE ZARZĄDU z działalności TAURON Polska Energia S.A. oraz Grupy Kapitałowej TAURON za rok obrotowy 2018 1 Sprawozdanie Zarządu z działalności TAURON Polska Energia S.A. oraz Grupy Kapitałowej TAURON za rok obrotowy 2018 TAURON.PL SPIS TREŚCI 1. TAURON POLSKA ENERGIA I GRUPA KAPITAŁOWA TAURON ........................................................................................................................ 6 1.1. Podstawowe informacje o TAURON Polska Energia S.A. i Grupie Kapitałowej TAURON. ................................................... 6 1.2. Segmenty działalności .............................................................................................................................................................................................. 7 1.3. Organizacja oraz struktura Grupy Kapitałowej TAURON ....................................................................................................................... 8 1.3.1. Jednostki podlegające konsolidacji ............................................................................................................................................................ 8 1.3.2. Zmiany w organizacji Grupy Kapitałowej TAURON ......................................................................................................................... 9 1.3.3. Powiązania organizacyjne lub kapitałowe z innymi podmiotami ......................................................................................... 10 1.3.4. Główne inwestycje krajowe i zagraniczne oraz lokaty
    [Show full text]