PPF Group's History
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ČSOB Private Banking Largo, ČSOB Asset Management, A.S., Investiční Společnost, Otevřený Podílový Fond
VÝROČNÍ ZPRÁVA za období od 1. 1. 2018 do 31. 12. 2018 ČSOB Private Banking Largo, ČSOB Asset Management, a.s., investiční společnost, otevřený podílový fond ČSOB Private Banking Largo, ČSOB Asset Management, a.s., investiční společnost, otevřený podílový fond VÝROČNÍ ZPRÁVA ZA ROK 2018 Obhospodařovatelská společnost: ČSOB Asset Management, a.s., investiční společnost IČ: 25677888 Sídlo společnosti: Radlická 333/150, 150 57 Praha 5 Datum vzniku společnosti: 3.7.1998 přeměnou ze společnosti O.B. INVEST, investiční společnost, spol. s r. o., IČ: 44267487, ke dni 13.1.2004 na společnost přešlo jmění zaniklé společnosti První investiční společnost, a.s., IČ: 00255149. V souvislosti s fúzí došlo k 31.12.2011 ke změně obchodní firmy z ČSOB Investiční společnost, a.s., člen skupiny ČSOB na ČSOB Asset Management, a.s., investiční společnost a sloučení jmění včetně práv a povinností z pracovněprávních vztahů zanikající společnosti ČSOB Asset Management, a.s., člen skupiny ČSOB, IČ: 63999463. Základní kapitál společnosti: 499 mil. Kč Akcionáři: Československá obchodní banka, a.s. (40,08% na základním kapitálu a hlasovacích právech) KBC Asset Management Participations, SA (59,92% na základním kapitálu a hlasovacích právech) Předmět podnikání: Společnost je oprávněna podle zákona č. 240/2013 Sb., o investičních společnostech a investičních fondech, v platném znění v rozsahu uvedeném v povolení uděleném Českou národní bankou: (i) obhospodařovat investiční fondy nebo zahraniční investiční fondy; (ii) provádět administraci investičních fondů nebo zahraničních investičních fondů; (iii) obhospodařovat majetek zákazníka, jehož součástí je investiční nástroj, na základě volné úvahy v rámci smluvního ujednání (portfolio management); (iv) poskytovat investiční poradenství týkající se investičních nástrojů. -
A Lignite Revolver? New EPH Loan Deal Comment
A lignite revolver? New EPH loan deal comment Ulf Erlandsson We provide a short introduction to the term loans and revolving credit facilities (RCFs, aka, “revolvers”) for the non-credit community, given the announcement of Energeticky a Prumyslovy Holding AS (Ticker: EPEN) on 30 March: “EPH signed EUR 1 billion financing with group of international banks.” Term loans are simple loans, and a revolving credit Figure 1. Generation capacity by energy type for EPH facility (‘revolver’) operates as a credit card, but for Power. Excludes MIBRAG 17-19MT p.a. lignite mining a company vis-à-vis a bank or a number of banks. operations as per the original presentation. Excludes EP Infrastructure lignite generation capacity in the Czech In the RCF that EPH signed on 17 March 2021, EPH Republic (0.8GW).Source: EPH investor presentation, AFII. has the opportunity to borrow (‘draw down’) up to EUR500mn of loans. EPH will be paying a fixed 10 fee for this, and then pay interest on whatever 8 amount the company draws. The term loans 6 signed on the same date were in two tranches of EUR250mn each, for a total of EUR500mn. 4 Are the new EPEN loans and facility coal/lignite 2 Net installed Net installed capacity (GW) financing? We note the split of EPEN into two 0 main parts: EP Infrastructure (EPIF, Ticker: Solar and Hydro Nuclear Biomass Coal Gas wind ENAPHO) and EP Power Europe (EPPE). EPIF operates mainly various fossil gas operations. EPEN holds 69% of EPIF, with Macquarie Infrastructure Fund V holding the remaining 31%. -
Annual Report 2010 / Telefónica Czech Republic, A.S
Annual Report Content Introduction — — — — — — — — — — — — — — — — — — — — — — — — — 5— — — — — — — — — Independent auditor’s report — — — — — — — — — — — — — — — — — — — — — —5 — — — — — — Financial and operational highlights — — — — — — — — — — — — — — — — — — — — — — — — — 7 Letter from the Chairman of the Board of Directors — — — — — — — — — — — — — — — — — 9— — Calendar of key events in 2010 — — — — — — — — — — — — — — — — — — — — — — — — — — — 12 01 About Telefónica Group — — — — — — — — — — — — — — — — — — — — — — 17— — — — — — — 02 Board of Directors’ Report on Business Activity — — — — — — — — — — — — — — — — — 25— — Telefónica O2 Czech Republic Group — — — — — — — — — — — — — — — — — —25 — — — — — — — The telecommunications market in the Czech Republic — — — — — — — — — — — — — — — — — 30 Networks and technology — — — — — — — — — — — — — — — — — — — — — — — — — — 36— — — Voice services — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —37 — — — — Internet, data and value added services — — — — — — — — — — — — — — — — —39 — — — — — — Convergent services — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 42— — Payment services — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 42— — ICT services, solutions for business and for the government — — — — — — — — — — — — — — — 43 Interconnection — — — — — — — — — — — — — — — — — — — — — — — — — 44— — — — — — — — Comments on the financial results — — — — — — — — — — — — — — — — — — — — — — — — 45— — 03 Corporate Social Responsibility (CSR) — — — — — — — — — -
PPF Financial Holdings B.V. – Annual Accounts 2019
PPF Financial Holdings B.V. Annual accounts 2019 Content: Board of Directors report Annual accounts 2019 Consolidated financial statements Separate financial statements Other information Independent auditor’s report 1 Directors’ Report Description of the Company PPF Financial Holdings B.V. Date of deed on incorporation: 13.11.2014 Seat: Netherlands, Strawinskylaan 933, 1077XX Amsterdam Telephone: +31 (0) 208 812 120 Place of registration: Netherlands, Amsterdam Register (registration authority): Commercial Register of Netherlands Chamber of Commerce Registration number: 61880353 LEI: 31570014BNQ1Q99CNQ35 Authorised capital: EUR 45,000 Issued capital: EUR 45,000 Paid up capital: EUR 45,000 Principal business: Holding company activities and financing thereof Management Board of PPF Financial Holdings B.V. (the “Company”), is pleased to present to you the Directors’ report as part of the financial statements for the year 2019. This Directors’ report aims to provide a comprehensive overview of significant events within the Company as well as within the group of companies with which it forms a group. Board of Directors (the “Management Board”) Jan Cornelis Jansen, Director Rudolf Bosveld, Director Paulus Aloysius de Reijke, Director Lubomír Král, Director Kateřina Jirásková, Director General information The Company is the parent holding company of the group of companies (the “Group”) that operates in the field of financial services. The Group is composed of four main investments: Home Credit Group B.V., PPF banka a.s., Mobi Banka a.d. Beograd and ClearBank Ltd. The Company is a 100% subsidiary of PPF Group N.V. (together with its subsidiaries “PPF Group”). Except for the role of holding entity the Company generates significant interest income from intercompany and external loans. -
Case M.9587 - ENGIE / EDP RENOVAVEIS / EDPR OFFSHORE ESPAÑA
EUROPEAN COMMISSION DG Competition Case M.9587 - ENGIE / EDP RENOVAVEIS / EDPR OFFSHORE ESPAÑA Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 25/02/2020 In electronic form on the EUR-Lex website under document number 32020M9587 EUROPEAN COMMISSION Brussels, 25.02.2020 C(2020) 1219 final PUBLIC VERSION In the published version of this decision, some information has been omitted pursuant to Article 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a general description. To the notifying parties Subject: Case M.9587 - ENGIE/EDP Renováveis/EDPR Offshore España Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 Dear Sir or Madam, (1) On 23 January 2020, the European Commission received notification of a concentration pursuant to Article 4 of the Merger Regulation which would result from a proposed transaction by which ENGIE S.A. (“ENGIE”, France) and EDP Renováveis S.A. (“EDPR”, Spain), belonging to the EDP group (Energias de Portugal, S.A., “EDP”, Portugal), intend to acquire joint control, within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation, of EDPR Offshore España S.L.U. (“EDPR Offshore España” or the “JV”, Spain).3 ENGIE and EDPR are designated hereinafter as the “Parties” or the “Notifying Parties”. -
Annual Report and Financial Statements 2020
Taking action Annual Report and Financial Statements 2020 We make a difference in our customers’ lives by providing access to affordable credit in a respectful, responsible and straightforward way. We play an important role in society serving our home credit and digital products to 1.7 million customers who might otherwise be financially excluded. Resilient performance delivered in challenging times Customers (‘000) Credit issued (£m) Revenue (£m) 1,682 £772.2m £661.3m 889.1 2,521 866.4 1,360.6 1,353.0 825.8 1,301.5 2,301 2,290 756.8 2,109 1,145.0 661.3 1,682 772.2 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Pre-exceptional profit/ Profit/(loss) before tax Earnings/(loss) per share (loss) before tax (£m) (£m) (p) (£28.8m) (£40.7m) (28.9p) 114.0 114.0 109.3 109.3 105.6 105.6 96.0 96.0 33.8 32.2 33.7* 32.2 20.2 (28.8) (40.7) (28.9) 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 * 2017 pre-exceptional EPS Alternative Performance Measures This Annual Report and Financial Statements provides alternative performance measures (APMs) which are not defined or specified under the requirements of International Financial Reporting Standards. We believe these APMs provide readers with important additional information on our business. To support this, we have included an accounting policy note on APMs on page 115, a reconciliation of the APMs we use where relevant and a glossary on pages 154 to 155 indicating the APMs that we use, an explanation of how they are calculated and why we use them. -
Home Credit Slovakia, A.S
Home Credit Slovakia, a.s. Financial Statements for the year ended 31 December 2016 Translated from the Slovak original Home Credit Slovakia, a.s. Financial Statements for the year ended 31 December 2016 Contents Independent Auditor’s Report 3 Statement of Financial Position 6 Statement of Comprehensive Income 7 Statement of Changes in Equity 8 Statement of Cash Flows 9 Notes to the Financial Statements 10 - 2 - Home Credit Slovakia, a.s. Statement of Comprehensive Income for the year ended 31 December 2016 2016 2015 Note TEUR TEUR Interest income 14 12,286 9,309 Interest expense 14 (1,177) (1,072) Net interest income 11,109 8,237 Fee and commission income 15 4,933 5,501 Fee and commission expense 16 (6,932) (6,966) Net fee and commission expense (1,999) (1,465) Other operating income 17 10,159 20,697 Operating income 19,269 27,469 Impairment losses 18 (4,139) (3,550) General administrative expenses 19 (16,764) (17,144) Operating expenses (20,903) (20,694) Profit before tax (1,634) 6,775 Income tax expense 20 (256) (2,129) Net (loss)/profit for the year (1,890) 4,646 Total comprehensive income for the year (1,890) 4,646 - 7 - Home Credit Slovakia, a.s. Statement of Changes in Equity for the year ended 31 December 2016 Statutory Share Share reserve Retained capital premium fund earnings Total TEUR TEUR TEUR TEUR TEUR Balance as at 1 January 2016 18,821 - 3,765 6,181 28,767 Dividends to shareholders - - - (4,000) (4,000) Net loss for the year - - - (1,890) (1,890) Total comprehensive income - - - (1,890) (1,890) for the year Total changes - - - (5,890) (5,890) Balance as at 31 December 2016 18,821 - 3,765 291 22,877 Statutory Share Share reserve Retained capital premium fund earnings Total TEUR TEUR TEUR TEUR TEUR Balance as at 1 January 2015 18,821 - 3,765 5,535 28,121 Dividends to shareholders - - - (4,000) (4,000) Net profit for the year - - - 4,646 4,646 Total comprehensive income - - - 4,646 4,646 for the year Total changes - - - 646 646 Balance as at 31 December 2015 18,821 - 3,765 6,181 28,767 - 8 - Home Credit Slovakia, a.s. -
CETIN Investor Presentation
Company Overview April 2018 DISCLAIMER This document and its contents are confidential and may not be reproduced, redistributed, published or passed on to any other person, directly or indirectly, in whole or in part, for any purpose. If this presentation has been received in error it must be returned immediately to Česká telekomunikační infrastruktura a.s. (the “Company"). This document and any question and answer session that follows the oral presentation do not contain all of the information that is material to an investor. By attending the meeting where this presentation is made, or by receiving and using this presentation and/or accepting a copy of this document, you agree to be bound by the following limitations and conditions and, in particular, will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this disclaimer including, without limitation, the obligation to keep this document and its contents confidential. This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident of, or located in, any locality, state, country or other jurisdiction where such distribution or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. THIS PRESENTATION IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO THE UNITED STATES. This presentation and the information contained herein are not an offer of securities for sale in the United States. The Company’s securities and any guarantee thereof may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. -
The Notification of Market 11
NOTIFICATION OF MARKET ANALYSIS – Summary Form MARKET 2 Wholesale voice call termination on individual mobile networks SECTION 1 - Market definition 1.1. The affected relevant product/service market. The market is defined as wholesale voice call termination on individual mobile networks, former market No 7 of Recommendation of 2007. It was analysed in 2013 (CZ/2013/1531). CTU launched a new analysis of this market with regard to the voluntary separation of the SMP undertaking – O2 Czech Republic a.s., into two legal entities – a new entity named Česká Telekomunikační Infrastruktura a.s. – CETIN and O2 Czech Republic a.s. The new entity CETIN was registered in the Register of Companies of Czech Republic on 1 June 2015 and is operating on the market as a provider of termination services at a fixed location instead of the O2 Czech Republic a.s. The O2 Czech Republic a.s. as an owner of frequency allocations and mobile exchanges, provides a public mobile communications network as well as mobile termination services which belongs to this relevant market. Is this market mentioned in the recommendation on relevant markets? Yes 1.2. The affected relevant geographic market. The relevant geographic market is the whole territory of the Czech Republic. 1.3. A brief summary of the opinion of the National Competition Authority. NCA in its letter of 12 January 2016 has some comments in relation to a need to impose symmetrically all remedies (incl. also accounting separation) to all SMP operators (incl. Air Telecom a.s.), to a need to properly assess impact of OTT services and to a need to keep accounting separation in pure BU-LRIC methodology in order make accounting separation connected MTR calculation. -
Annual Report 2019 This Version of the Annual Report Is a Translation from the Original Which Was Prepared in the Czech Language
Annual Report 2019 This version of the Annual Report is a translation from the original which was prepared in the Czech language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the Czech version of the Annual Report takes precedence over this translation. Annual Report 2019 | O2 Czech Republic a.s. | Translation from the Czech original 2 Note: O2 Czech Republic a.s., further below also as “O2 CZ” or “Company”. O2 Slovakia, s.r.o., further below also as “O2 Slovakia”. Annual Report 2019 | O2 Czech Republic a.s. | Translation from the Czech original 3 Table of Contents 1. Financial and operating highlights 5 2. Basic information as required by the Capital Markets Undertakings Act 7 3. Board of Directors’ review of business 16 4. Corporate governance 27 5. Financial part 38 Consolidated fi nancial statements for the year ended 31 December 2019 prepared in accordance with International Financial Reporting Standards as adopted by the European Union 39 Financial statements for the year ended 31 December 2019 prepared in accordance with International Financial Reporting Standards as adopted by the European Union 123 6. Declaration of persons responsible for the Annual Report 197 7. Independent auditor’s report to the shareholders 199 Appendix: Report on relations between the controlling person and the controlled person, and between the controlled person and persons controlled by the same controlling person for the accounting period of 2019 212 Annual Report 2019 | O2 Czech Republic a.s. -
Operating Rules of Hosting Centres
OPERATING RULES OF HOSTING CENTRES Effective from 21.6.2014 Article 1 Introductory provisions (1) O2 Czech Republic a.s., having its registered office at the address Za Brumlovkou 266/2, 140 22 Prague 4 – Michle, business ID No: 60193336, Tax ID No: CZ60193336, entered in the Companies Register of the Municipal Court in Prague, section B, volume 2322 (referred to hereinafter as the "Provider"), issues these Operating Rules of Hosting Centres (referred to hereinafter as "Operating Rules") regulating the fundamentals of access and conditions for movement and behaviour on the premises of the Hosting Centre (referred to hereinafter as "Hosting Centre"). (2) Address of Hosting Centres: Hosting Centre Nagano K Červenému dvoru 25/3156 130 00, Prague 3 – Strašnice Hosting Centre Chodov V lomech 2339/1 149 00 Prague 4 – Chodov Hosting Centre Hradec Králové Akademika Bedrny 365/10 500 03 Hradec Králové Article 2 Authorised Workers of the Customer and third parties accompanied by them (1) Authorised Workers of the Customer means persons specified in the List of Authorised Workers of the Customer, which constitutes an integral part of the Hosting Services Provision Contract. The Customer has the right and duty to keep the List of Authorised Workers of the Customer up to date. (2) Magnetic entry cards or entry permits are issued and activated for the Authorised Workers of the Customer. The Authorised Workers of the Customer are obliged to announce the loss or theft of magnetic access cards or entry permits without delay to the workers of the Provider or the non-stop technical support of the Hosting Centre. -
Announcement
Home Credit B.V., Strawinskylaan 933, Tower B Level 9, 1077 XX Amsterdam, Netherlands Tel.: +31 (0) 208 813 120, Fax: +31 (0) 208 813 129, E-mail: [email protected], Web: www.homecredit.eu The company is incorporated in the trade register of the Chamber of Commerce for Amsterdam under the file number 34126597. Announcement Home Credit B.V. acquires HC Asia N.V. for EUR 249 million Amsterdam, 11 July 2012: “Home Credit B.V.” today announces that it has acquired a 100% stake in “HC Asia N.V.” from “PPF Group N.V.”. The transaction is part of the PPF Group shareholders’ strategic intention to consolidate all Home Credit-branded companies gradually into one legal entity and reflects that in practice all Home Credit companies are managed as one Group. In connection with the deal, PPF Group N.V. increased the equity of Home Credit B.V. by the acquisition cost (i.e. EUR 249 million) through a capital contribution as a share premium on all shares. NOTES Home Credit B.V. is the holding company for Home Credit subsidiaries in CEE, Russia and CIS which operate in the consumer finance markets in the Czech Republic, Slovakia, Russia, Belarus, and through its minority ownership interest in Home Credit Bank JSC, the consumer finance business in Kazakhstan. Home Credit B.V. is 100% owned by PPF Group N.V. and its main activity is to manage, finance and invest in other companies. HC Asia N.V. is the holding company for Home Credit subsidiaries in Asia which operate in the consumer finance markets in China, India and Indonesia (under development).