Annual Report 2016

Annual report 2016 CONTENT • Introduction from the CEO .................................................... 6 • Company in Media .................................................................. 48 • Aims and Goals for 2017 ....................................................... 8 • Corporate Responsibility and Philanthropy .......................... 58 • Corporate Profile .................................................................... 10 • Waterworks Museum ............................................................. 62 • Corporate Bodies ................................................................ 12 • Safe Company .......................................................................... 68 • Executive Management ............................................................. 14 • Information Technologies ........................................................ 70 • Our Mission, Vision and Values .............................................. 16 • Capital Construction ................................................................ 72 • Core Business ......................................................................... 20 • Prospects for Modernizing Water Management Infrastructure of BVS .................................................................. 76 • Production and Distribution of Drinking Water ................... 22 • Succesfull periodical IMS audit ............................................. 80 • Wastewater Collection and Treatment ............................... 24 • Consolidated Financial Statements • Laboratory Activities ............................................................... 30 as of 31 December 2016 ......................................................... 84 • Subsidiaries ............................................................................. 32 • Notes to the Consolidated Financial Statements .............. 88 • Our Customers .......................................................................... 36 • Independent Auditor’s Report ................................................ 124 • Prices for Production, Distribution and Supply of Drinking • Statements of BVS for the Last 5 Years .............................. 130 Water and Collection and Treatment of Wastewater.......... 39 • Overview of Changes in Shares ............................................ 136 • Human Resources ..................................................................... 41 INTRODUCTION FROM THE CEO AIMS AND GOALS FOR 2017 CORPORATE PROFILE CORPORATE BODIES EXECUTIVE MANAGEMENT OUR MISSION, VISION AND VALUES INTRODUCTION FROM THE CHIEF EXECUTIVE OFFICER Dear Shareholders, Colleagues, Ladies and Gentlemen! In 2016 we commemorated the 130th anniversary of the first amount of € 329,702 and Infra Services in the amount of public waterworks supplying the residents of Bratislava with € 1,988,635. In the table of the largest investors in Slovakia, drinking water. In its 130 years-long history the original Brati- compiled from consolidated data according to international slava’s first watermains network was expanded by more 3 tho- standards, BVS was ranked fourteenth. usand kilometres of pipelines, in which 18 thousand litres of water can be pumped each second. We are proud that since We invested more than € 25 mil. in the construction and re- 1886 the quality of supplied drinking water has not changed construction of the infrastructure. We interconnected the water and it is still one of the best quality water in Central €ope. This pipelines of Senica and Holíč, and extended Holdošov mlyn results from the fact that BVS and its subsidiaries BIONERGY water source, completed the sewer and wastewater treatment and Infra Services use their best efforts and funds to ensure plant in Modra. Technical and technological reconstruction and maintain top quality. In 2016 our company produced ne- works concerned the pumping station and transformer station arly 62 mil. m3 of drinking water and cleaned 68 mil. m3 of at Sihoť Island, Baníková water reservoir in Karlova Ves, Brati- wastewater. slava, or reconstruction of water pipeline between Senec and Bernolákovo. This year’s major investment activities included The achieved economic results prove that we set our goals reconstruction and modernisation of the wastewater treatment correctly. The positive results were achieved by all three com- plant in Rohožník, doubling the discharge pipeline from the panies – BVS in the amount of € 497,481, BIONERGY in the pumping station at Gaštanová Street in Bratislava up to the wa- 6 ter reservoir in Kramáre and clean-up of water pipeline in Most ted in this project together with the Ministry of the Environment pri Bratislave. In 2016, we completed modernisation of the two of the Slovak Republic and the Regional Association for Natu- largest wastewater treatment plants in Slovakia – in Vrakuňa re Conservation and Sustainable Development (BROZ). The and Petržalka. Investments totalling to almost € 29 mil. have river branch, which had not adequately flooded for a long time, europe-wide environmental importance contributing to cleaner is of great importance for the restoration of the original fauna water in the Danube River and better environment in the Danu- and flora. The flow of water also contributes to the higher -qu be countries. ality and volumes of the Sihoť water source. The Karlova Ves river branch and Sihoť Island belong to the European Network We managed to complete all the projects successfully thanks of Nature Protection Areas NATURA 2000. to our people – experts in the professions - technicians, che- mists, engineers, or entire project teams. Average recorded I am glad that this year, our company managed to establish number of employees was 745 persons. We are keen to keep the Voluntary Fire Brigade. Its primary task is to help protect the quality of our work at the highest level, to expand the num- drinking water sources from possible degradation due to ac- ber of qualified waterworks experts and to assist in the training cidents, natural disasters and other events. Employees of the of experts. We start with the children. In 2016, our company de- subsidiaries Infra Services and BIONERGY also joined our em- cided to strengthen the activities of the educational program ployees. Blue School – Water for Future building positive relationship of children to water and natural resources. The program de- At the end of 2016 we were preparing for the two-component velops their knowledge of drinking water - its production, dis- price of water and sewer charges for our customers. The pro- tribution, disposal and treatment of waste water. We have also posed change results from the Decree of Regulatory Office for continued in professional traineeships for secondary vocatio- Network Industries, requiring all water companies operating in nal schools. We laid the foundations for innovative activities in Slovakia to divide the water and sewer charges into a variable the water supply sector, defined the need for cooperation with and fix components. Preparations for the introduction of the scientific institutions, such as the Slovak University of Techno- two-component price resulted in high workload for all our staff, logy in Bratislava, the Water Research Institute and the Slovak and I would like to thank everyone again. Academy of Sciences. Care and interest of our company in the environment and drinking water sources can be illustrated by one exceptional exam- ple. In 2016, after a long period of preparation and weeks of fieldwork, the Karlova Ves branch of Danube was connected with with the main stream of the Danube River. BVS participa- Ing. Zsolt Lukáč, EMBA CEO 7 AIMS AND GOALS FOR 2017 For the coming year our goal of the utmost importance is to satisfy the customers’ basic requirements for supply of drinking water and collection of wastewater. We realize that the present times raise many challenges and the need for immediate response in the security field, so in the coming years we want to strengthen this area even more. Bratislavská vodárenská will also continue in using its efforts to obtain a certificate of competence to conduct research and development with the possibility of engaging in activities in the field of natural and technical sciences. The certificate will enable BVS, which wants to be a leader in water and water science and research, to apply for funding from European Union funds and other R & D grants. Projects focused on protecting, saving and monitoring the drinking water quality will subsequently support efficiency and quality of our company’s activities. 8 COMPANY PROFILE Company Identification: Business Name: Bratislavská vodárenská spoločnosť, a.s. Registered Office: Prešovská 48, 826 46 Bratislava Company Registration No.: 35 850 370 VAT Registration No.: SK2020263432 VAT No.: 2020263432 Date of Incorporation: 7 January 2003 Legal Form: Joint-stock company Scope of Business: • Operation of category 1, 2 and 3 public water mains • Lease of movable properties • Operation of category 1, 2 and 3 public sewer systems • Distribution and resale of utility water, • Physical-chemical, biological and microbiological analysis • Construction supervision – Civil and engineering structures of surface water, drinking water and wastewater in the sco pe of unqualifield trade • Building structures and their modifications • Disposal of materials other than dangerous waste • Lease of immovable property associated with the provision of services other than basic services related to lease • Engineering activities in the building

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