Západoslovenská energetika, a.s. (ZSE)

ZSE serves as a managing holding company for the entire 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

On 23 November 2023, ZSE became the parent company of Východoslovenská energetika Holding a.s. and its subsidiaries – in particular Východoslovenská energetika a.s. and Východoslovenská distribučná, a.s.

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 financing of the ZSE Group through bonds and bank loans.

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.