2.2 PZU Group’s companies, associates and joint ventures

No. Name of the company Registered office Date of acquisition of control/ significant influence % of share capital/equity and % of voting rights directly or indirectly held by PZU Scope of business and website
        31 December 2016 31 December 2015  
Consolidated subsidiaries  
1 Powszechny Zakład Ubezpieczeń SA Warsaw n/a n/a n/a Non-life insurance. http://www.pzu.pl/
2 Powszechny Zakład Ubezpieczeń na Życie SA Warsaw 18.12.1991 100.00% 100.00% Life insurance. http://www.pzu.pl/grupa-pzu/pzu-zycie
3 Link4 Towarzystwo Ubezpieczeń SA Warsaw 15.09.2014 100.00% 100.00% Non-life insurance. http://www.link4.pl/
4 Towarzystwo Ubezpieczeń Wzajemnych Polski Zakład Ubezpieczeń Wzajemnych Warsaw 20.11.2015 100.00% 100.00% Non-life insurance. http://tuwpzuw.pl/
5 Lietuvos Draudimas AB Vilnius (Lithuania) 31.10.2014 100.00% 99.98% Non-life insurance. http://www.ld.lt/
6 Apdrošināšanas Akciju Sabiedrība Balta Riga (Latvia) 30.06.2014 99.99% 99.99% Non-life insurance. http://www.balta.lv/
7 PrJSC IC PZU Ukraine Kiev (Ukraine) 01.07.2005 100.00% 100.00% Non-life insurance. http://www.pzu.com.ua/
8 PrJSC IC PZU Ukraine Life Insurance Kiev (Ukraine) 01.07.2005 100.00% 100.00% Life insurance. http://www.pzu.com.ua/
9 UAB PZU Lietuva Gyvybes Draudimas Vilnius (Lithuania) 26.04.2002 99.34% 99.34% Life insurance. https://pzugd.lt/
Consolidated subsidiaries – Alior Bank Capital Group  
10 Alior Bank SA 1) Warsaw 18.12.2015 29.45% 2) 23.96% 3) Banking services. https://www.aliorbank.pl/
11 Alior Services sp. z o.o. 1) Warsaw 18.12.2015 29.45% 23.96% 3) Other activity auxiliary to financial services excluding insurance and pension funds.
12 Centrum Obrotu Wierzytelnościami sp. z o.o. 1) Cracow 18.12.2015 29.45% 23.96% 3) Trading in receivables.
13 Alior Leasing sp. z o.o. 1) Wrocław 18.12.2015 29.45% 23.96% 3) Leasing services. https://www.aliorbank.pl/wlasna-dzialalnosc/alior-leasing.html
14 Meritum Services ICB SA 1) Gdańsk 18.12.2015 29.45% 23.96% 3) IT services.
15 Money Makers TFI SA 1) Warsaw 18.12.2015 17.33% 4) 14.49% 3) 4) Asset management and managing Alior SFIO sub-funds. http://www.moneymakers.pl
16 New Commerce Services sp. z o.o. 1) Warsaw 18.12.2015 29.45% 23.96% The company does not conduct business operations.
17 Absource sp. z o.o. Cracow 04.05.2016 29.45% n/a IT services.
Consolidated subsidiaries – other units  
18 Powszechne Towarzystwo Emerytalne PZU SA Warsaw 08.12.1998 100.00% 100.00% Management of pension funds. http://www.pzu.pl/grupa-pzu/pte-pzu
19 PZU Centrum Operacji SA Warsaw 30.11.2001 100.00% 100.00% Auxiliary activities related to insurance and pension funds.
20 Towarzystwo Funduszy Inwestycyjnych PZU SA Warsaw 30.04.1999 100.00% 100.00% Establishment, representation and management of investment funds. http://www.pzu.pl/grupa-pzu/tfi-pzu
21 PZU Pomoc SA Warsaw 18.03.2009 100.00% 100.00% Assistance services. http://www.pzu.pl/grupa-pzu/pzu-pomoc
22 PZU Finance AB (publ.) Stockholm (Sweden) 02.06.2014 100.00% 100.00% Financial services.
23 PZU Finanse sp. z o.o. Warsaw 08.11.2013 100.00% 100.00% Financial and accounting services.
24 Tower Inwestycje sp. z o.o. Warsaw 27.08.1998 100.00% 100.00% Other services.
25 Ogrodowa-Inwestycje sp. z o.o. Warsaw 15.09.2004 100.00% 100.00% Acquiring, operating, renting and selling of real property.http://www.ogrodowainwestycje.pl/
26 PZU Zdrowie SA Warsaw 02.09.2011 100.00% 100.00% Health care services. http://www.pzu.pl/grupa-pzu/pzu-zycie
27 Centrum Medyczne Medica sp. z o.o. Płock 09.05.2014 100.00% 100.00% Health care services. http://cmmedica.pl/
28 Specjalistyczna Przychodnia Przemysłowa Prof-Med sp. z o.o. Włocławek 12.05.2014 100.00% 100.00% Health care services. http://cmprofmed.pl/
29 Sanatorium Uzdrowiskowe „Krystynka” sp. z o.o. Ciechocinek 09.05.2014 99.09% 99.09% Hospital, rehabilitation and spa therapy services. http://www.sanatoriumkrystynka.pl/
30 Przedsiębiorstwo Świadczeń Zdrowotnych i Promocji Zdrowia ELVITA – Jaworzno III sp. z o.o. Jaworzno 01.12.2014 100.00% 100.00% Health care services. http://www.elvita.pl/
31 Przedsiębiorstwo Usług Medycznych PROELMED sp. z o.o. Łaziska Górne 01.12.2014 57.00% 57.00% Health care services. http://www.proelmed.pl/
32 Rezo-Medica sp. z o.o. Płock 23.04.2015 100.00% 100.00% Health care services. http://rezo-medica.pl/
33 Centrum Medyczne Gamma sp. z o.o. Warsaw 08.09.2015 60.46% 60.46% Health care services. http://www.cmgamma.pl/
34 Medicus w Opolu sp. z o.o. Opole 30.09.2015 100.00% 100.00% Health care services. http://medicus.opole.pl/
35 Polmedic sp. z o.o. 5) Radom 30.11.2016 100.00% n/a Health care services. http://www.cordis.com.pl/
36 Specjalistyczna Przychodnia Medycyny Pracy sp. z o.o. 5) Radom 30.11.2016 100.00% n/a Health care services. http://www.medycynapracy.com.pl/
Consolidated subsidiaries – other units – continued  
37 Artimed Niepubliczny Zakład Opieki Zdrowotnej sp. z o.o. 5) Kielce 21.12.2016 100.00% n/a Health care services. https://artimed.pl/
38 Nasze-Zdrowie sp. z o.o. 6) Warsaw 26.08.2015 n/a 100.00% n/a
39 Centrum Medyczne Cordis sp. z o.o. 7) Poznan 01.02.2016 n/a 100.00% n/a
40 Arm Property sp. z o.o. Cracow 26.11.2014 100.00% 100.00% Purchase and sales of property.
41 Ipsilon sp. z o.o. Warsaw 02.04.2009 100.00% 100.00% Assistance and health care services.
42 PZU Asset Management SA Warsaw 12.07.2001 100.00% 100.00% The company does not conduct business operations.
43 Omicron SA Warsaw 13.09.2011 100.00% 100.00% The company does not conduct business operations.
44 Omicron BIS SA Warsaw 28.08.2014 100.00% 100.00% The company does not conduct business operations.
45 Sigma BIS SA Warsaw 12.12.2014 100.00% 100.00% The company does not conduct business operations.
46 LLC SOS Services Ukraine Kiev (Ukraine) 01.07.2005 100.00% 100.00% Assistance services.
47 L4C sp. z o.o. Warsaw 15.09.2014 100.00% 100.00% The company does not conduct business operations.
Consolidated subsidiaries – Armatura Capital Group  
48 Armatura Kraków SA Cracow 07.10.1999 100.00% 100.00% Distribution of products of Armatura Group, administration and management of Armatura Group. http://www.grupa-armatura.pl/
49 Armatoora SA Nisko 10.12.2008 100.00% 100.00% Production and distribution of radiators and sanitary fixtures and fittings.
50 Aquaform SA Środa Wlkp. 15.01.2015 100.00% 100.00% Manufacturing and sales of bathroom fittings.
51 Aquaform Badprodukte GmbH Anhausen (Germany) 15.01.2015 100.00% 100.00% Wholesale.
52 Aquaform Ukraine ТОW Zhytomyr (Ukraine) 15.01.2015 100.00% 100.00% Wholesale.
53 Aquaform Romania SRL Prejmer (Romania) 15.01.2015 100.00% 100.00% Wholesale.
54 Morehome.pl sp. z o.o. Środa Wlkp. 15.01.2015 100.00% 100.00% The company does not conduct business operations.
Consolidated subsidiaries – investment funds  
55 PZU SFIO Universum Warsaw 15.12.2009 n/a n/a Investment of funds collected from the participants of the fund.
56 PZU FIZ Dynamiczny Warsaw 27.01.2010 n/a n/a As above.
57 PZU FIZ Sektora Nieruchomości 8) Warsaw 01.07.2008 n/a n/a As above.
58 PZU FIZ Sektora Nieruchomości 2 8) Warsaw 21.11.2011 n/a n/a As above.
59 PZU FIZ Aktywów Niepublicznych BIS 1  Warsaw 12.12.2012 n/a n/a As above.
60 PZU FIZ Aktywów Niepublicznych BIS 2  Warsaw 19.11.2012 n/a n/a As above.
61 PZU FIZ Aktywów Niepublicznych Witelo Fund  Warsaw 30.11.2016 n/a n/a As above.
Consolidated subsidiaries – investment funds – continued  
62 PZU FIZ Surowcowy Warsaw 03.09.2015 n/a n/a As above.
63 PZU FIO Globalny Obligacji Korporacyjnych Warsaw 30.05.2016 n/a n/a As above.
64 PZU Sejf+ Warsaw 30.09.2015 n/a n/a As above.
65 PZU Dłużny Rynków Wschodzących Warsaw 20.11.2006 n/a n/a As above.
66 PZU Dłużny Aktywny Warsaw 26.10.2016 n/a n/a As above.
67 PZU Telekomunikacja Media Technologia Warsaw 07.09.2016 n/a n/a As above.
68 PZU Akcji Spółek Dywidendowych Warsaw 20.11.2006 n/a n/a As above.
69 PZU FIO Gotówkowy Warsaw 01.07.2005 n/a n/a As above.
70 PZU FIZ Forte Warsaw 01.07.2016 n/a n/a As above.
Associates
71 GSU Pomoc Górniczy Klub Ubezpieczonych SA Tychy 08.06.1999 30.00% 30.00% Insurance management.
72 EMC Instytut Medyczny SA Wrocław 18.06.2013 28.31% 9) 28.31% 9) Health protection, R&D in medical sciences and pharmacy.

1) Information about the acquisition of Alior Bank SA along with its subsidiaries is presented in point 2.4.1.2.
2) Increase in PZU Group’s share in share capital and voting rights at the General Shareholders’ Meeting between 31 December 2016 and 31 December 2015 results from the purchase of shares by PZU under tranche III of the transaction described in point 2.4.1.2 (5.26%) and the purchase of shares in consolidated investment funds (0.23%) in the fourth quarter of 2016.
3) Share of PZU Group in Alior Bank’s share capital and voting rights at the General Shareholders’ Meeting determined on the basis of the number of shares held by PZU (I and II tranche of shares acquired under the transaction described in 2.4.1.2, PZU Życie and consolidated investment funds. The figure does not include shares acquired by PZU under tranche III of the transaction described in 2.4.1.2.
4) Company directly controlled by Alior Bank where it holds 58.84% of the share capital (as at 31 December 2015: 60.49%). As a result, PZU Management Board assumes that PZU Group exercises control over the company.
5) Information concerning the acquisition of Polmedic sp. z o.o., SPMP, and Artimed is presented in 2.4.1.3
6) On 13 May 2016, the General Meeting of Shareholders of PZU Zdrowie SA adopted a resolution on combination of PZU Zdrowia SA (acquirer) and Nasze Zdrowie sp. z o.o. (acquiree).The merger was conducted by means of transferring entire equity of the acquiree to the acquirer. The merger was registered in the National Court Register on 30 June 2016. The transaction did not affect the consolidated financial statements.
7) On 1 August 2016, the General Meeting of Shareholders of PZU Zdrowie SA adopted a resolution on combination of PZU Zdrowia SA (acquirer) and Centrum Medyczne Cordis sp. z o.o (acquiree). The merger was conducted by means of transferring entire equity of the acquiree to the acquirer. The merger were registered in the National Court Register on 2 November 2016.The transaction did not affect the consolidated financial statements.
8) As at 31 December 2016, the PZU FIZ Sektora Nieruchomości and PZU FIZ Sektora Nieruchomości 2 funds conducted investment operations through special purpose vehicles (included in the consolidation), whose number in particular funds amounted to: 24 and 11, respectively (as at 31 December 2015: 24 and 11).
9) Share in the voting rights held by PZU differs from the share in the share capital and both as at 31 December 2016 and as at 31 December 2015 it amounted to 25.44%. The difference between the interest in voting rights and share capital results from the fact that non-controlling shareholders hold shares preferred as to voting rights.

But for the companies listed in the table, as at 31 December 2016, PZU Group owned 100% of shares in Syta Development sp. z o.o. in liquidation that is controlled by the official receiver independent from PZU Group and, therefore, the company was not subject to consolidation. The carrying amount of these shares in the consolidated statement of financial standing of PZU Group amounted to 0.

   

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