Instituto Costarricense De Electricidad and Subsidiaries
CONSOLIDATED FINANCIAL STATEMENTS Instituto Costarricense de Electricidad and Subsidiaries ICE GROUP ICE CNFL RACSA CRICSA Cable Visión June 2017 Financial Management 2 3 4 55 6 INSTITUTO COSTARRICENSE DE ELECTRICIDAD AND SUBSIDIARIES Notes to the Consolidated Financial Statements (In millions of colones) June 30, 2017 Note 1. Reporting Entity Instituto Costarricense de Electricidad (Costa Rican Electricity Institute) and Subsidiaries (hereinafter “ICE Group”) is an autonomous Costa Rican entity organized under the laws of the Republic of Costa Rica, through Executive Order No. 449 of April 8, 1949 and Law No. 3226 of October 28, 1963. The address of its registered office and main domicile is Sabana Norte, Distrito Mata Redonda, San José, Costa Rica. ICE Group is a group of government-owned entities, including the Instituto Costarricense de Electricidad (ICE, parent company and ultimate controlling entity) and its subsidiaries, Compañía Nacional de Fuerza y Luz, S.A. (C.N.F.L.), Radiográfica Costarricense, S.A. (RACSA), Compañía Radiográfica Internationals Costarricense, S.A. (CRICSA), and Cable Visión de Costa S.A. (CVCRSA), all of them organized under the laws of the Republic of Costa Rica. Other entities, which are not operational as of December 31, 2016, are wholly owned by ICE. ICE’s main activity consists of developing electric power-producing sources existing in the country, as well as the supply of electricity, with the exclusive right to generate, transmit, and distribute electricity in Costa Rica, except for a small number of authorized private companies, municipal entities, and rural cooperatives. Also, ICE Group holds a concession to develop and promote telecom services in Costa Rica, rendering a wide array of telecom services to individuals, households, and companies.
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