PKP CARGO

INTEGRATED REPORT 2018

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1.1 Key information about the Group’s business

Information about the Parent Company

PKP CARGO S.A. (“Company", “Parent Company") was established pursuant to a Notary Deed of 29 June 2001 (Rep. A No. 1287/2001). The Parent Company’s registered office is Warsaw at Grójecka Street no 17. The Parent Company was registered in the National Court Register in the District Court in Katowice, Commercial Division of the National Court Register under file number KRS 0000027702. Currently, as a consequence of moving the Parent Company’s registered office, the registration files are kept by the District Court for the capital city of Warsaw, 12th Commercial Division of the National Court Register. The Parent Company was assigned the REGON statistical number 277586360 and the NIP tax identification number 954-23-81-960.

The financial year of the Parent Company and the companies from the PKP CARGO Group is a calendar year.

The composition of the Parent Company’s management and supervisory bodies and the Parent Company’s shareholding structure as at 31 December 2018 were presented in the Management Board Report on the Activity of the PKP CARGO Group for the financial year 2018 in Chapters 9.11 and 9.4, respectively.

Information about the Group

The Group’s core business is rail freight transport. In addition to rail freight transport services, the Group also provides additional services:

As at the balance sheet date, the PKP CARGO Group (hereinafter: “Group”) comprised PKP CARGO S.A. as its parent company and 26 subsidiaries. In addition, the Group held stakes in 3 associated entities and 1 joint venture..

The duration of individual Group companies is unlimited.

The detailed information about the subsidiaries consolidated using the full method as at 31 December 2018 and 31 December 2017 is as follows:

Item Name of the subsidiary Place of registration and business Percent of shares held by the Group
31/12/2018 31/12/2017
1 PKP CARGO Centrum Logistyczne Małaszewicze Sp. z o.o. Małaszewicze 100.0% 100.0%
2 PKP CARGO Centrum Logistyczne Medyka - Żurawica Sp. z o.o. Żurawica 100.0% 100.0%
3 PKP CARGO SERVICE Sp. z o.o. Warsaw 100.0% 100.0%
4 PKP CARGO CONNECT Sp. z o.o. Warsaw 100.0% 100.0%
5 PKP CARGOTABOR Sp. z o.o. Warsaw 100.0% 100.0%
6 PKP CARGOTABOR USŁUGI Sp. z o.o. Warsaw 100.0% 100.0%
7 CARGOTOR Sp. z o.o. Warsaw 100.0% 100.0%
8 CARGOSPED Terminal Braniewo Sp. z o.o. Braniewo 100.0% 100.0%
9 AWT CE s.r.o. Prague 100.0% 100.0%
10 Advanced World Transport a.s. Ostrava 100.0% 100.0%
11 AWT ROSCO a.s. Ostrava 100.0% 100.0%
12 AWT Čechofracht a.s. Prague 100.0% 100.0%
13 AWT Rekultivace a.s. Havířov-Prostřední Suchá 100.0% 100.0%
14 AWT Rail HU Zrt. Budapest 100.0% 100.0%

On 9 September 2018, Czech court registered the transformation of the Dutch company Advanced World Transport B.V. with its registered office in Amsterdam into the Czech company AWT CE s.r.o. with its registered office in Prague. This means that Advanced World Transport B.V. has terminated its legal existence in the Netherlands. The AWT Group’s parent company is currently AWT CE s.r.o.

The detailed information about the remaining subsidiaries from the Group as at 31 December 2018 and 31 December 2017 is as follows:

Item Name of the subsidiary Place of registration and business Percent of shares held by the Group
31/12/2018 31/12/2017
15 ONECARGO Sp. z o.o. Warsaw 100.0% 100.0%
16 ONECARGO CONNECT Sp. z o.o. Warsaw 100.0% 100.0%
17 Transgaz S.A. Zalesie near Małaszewicze 64.0% 64.0%
18 Trade Trans Finance Sp. z o.o. Warsaw 100.0% 100.0%
19 PKP CARGO CONNECT GmbH Hamburg 100.0% 100.0%
20 PPHU "Ukpol" Sp. z o.o. Werchrata 100.0% 100.0%
21 AWT Rail SK a. s. Bratislava 100.0% 100.0%
22 AWT DLT s.r.o. Kladno 100.0% 100.0%
23 AWT Trading s.r.o. Petřvald 100.0% 100.0%
24 AWT Rekultivace PL Sp. z o.o. Český Těšín 100.0% 100.0%
25 RND s.r.o. Olomouc 51.0% 51.0%
26 PRIMOL-RAIL d.o.o. Grčarevec 80.0% -

On 6 December 2018, Advanced World Transport a.s. acquired an 80% stake in the Slovenian company PRIMOL-RAIL d.o.o.

Unconsolidated subsidiaries, shares in associates and interests in joint ventures accounted for under the equity method are presented in Note 5.2.

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