2.2 PZU Group entities

No. Name of the company Registered office Date of acquisition of control/ significant influence % of share capital/ equity directly or indirectly held by PZU % of voting rights held directly or indirectly by PZU Business operations 
31 December 2014 31 December 2013 31 December 2014 31 December 2013
Consolidated subsidiaries             
1 Powszechny Zakład Ubezpieczeń SA Warsaw n.a. n.a. n.a. n.a. n.a.

Non-life insurance. http://www.pzu.pl/

2 Powszechny Zakład Ubezpieczeń na Życie SA (“PZU Życie”) Warsaw 18.12.1991 100.00% 100.00% 100.00% 100.00%

Life insurance. http://www.pzu.pl/grupa-pzu/pzu-zycie

3 Link4 Towarzystwo Ubezpieczeń SA (“Link4”) 1) Warsaw 15.09.2014 100.00% n.a. 100.00% n.a.

Non-life insurance. http://www.link4.pl/

4 Lietuvos Draudimas AB 2) Vilnius (Lithuania) 31.10.2014 99.98% n.a. 99.98% n.a.

Non-life insurance. http://www.ld.lt/

5 Apdrošināšanas Akciju Sabiedrība Balta (“AAS Balta”) 3) Riga (Latvia) 30.06.2014 99.99% n.a. 99.99% n.a.

Non-life insurance. http://www.balta.lv/

6 PrJSC IC PZU Ukraine (“PZU Ukraine”) Kiev (Ukraine) 01.07.2005 100.00% 100.00% 100.00% 100.00%

Non-life insurance. http://www.pzu.com.ua/

7 PrJSC IC PZU Ukraine Life Insurance (“PZU Ukraine Life”) Kiev (Ukraine) 01.07.2005 100.00% 100.00% 100.00% 100.00%

Life insurance. http://www.pzu.com.ua/

8 UAB DK PZU Lietuva (“PZU Lietuva”) Vilnius (Lithuania) 26.04.2002 99.88% 99.76% 99.88% 99.76%

Non-life insurance. https://www.pzu.lt/

9 UAB PZU Lietuva Gyvybes Draudimas Vilnius (Lithuania) 26.04.2002 99.34% 99.34% 99.34% 99.34%

Life insurance. https://www.pzu.lt/

10 Powszechne Towarzystwo Emerytalne PZU SA (“PTE PZU”) Warsaw 08.12.1998 100.00% 100.00% 100.00% 100.00%

Management of pension funds. http://www.pzu.pl/grupa-pzu/pte-pzu

11 PZU Centrum Operacji SA (“PZU CO”) Warsaw 30.11.2001 100.00% 100.00% 100.00% 100.00% Auxiliary activities related to insurance and pension funds.
Consolidated subsidiaries (cont.)
12  Towarzystwo Funduszy Inwestycyjnych PZU SA (“TFI PZU”) Warsaw  30.04.1999  100.00%  100.00%  100.00%  100.00%  Establishment, represention and management of investment funds. http://www.pzu.pl/grupa-pzu/tfi-pzu
13 PZU Pomoc SA Warsaw 18.03.2009 100.00% 100.00% 100.00% 100.00% Assistance services. http://www.pzu.pl/grupa-pzu/pzu-pomoc
14 PZU Finance AB (publ) Stockholm (Sweden) 02.06.2014 100.00% n.a. 100.00% n.a. Financial services.
15 PZU Finanse Sp. z o.o. Warsaw 08.11.2013 100.00% 100.00% 100.00% 100.00% The Company does not conduct business operations.
16 Tower Inwestycje Sp. z o.o. (“Tower Inwestycje”) Warsaw 27.08.1998 100.00% 100.00% 100.00% 100.00% Other services excluding insurance and pension funds.
17 Ogrodowa-Inwestycje Sp. z o.o. Warsaw 15.09.2004 100.00% 100.00% 100.00% 100.00% Acquiring, operating, renting and selling of real property. http://www.ogrodowainwestycje.pl/
18 Armatura Kraków SA 4) Cracow 07.10.1999 100.00% 92.75% 100.00% 92.75% Distribution of products of Armatura Group, administration and management of the Armatura Group. http://www.grupa-armatura.pl/
19 Armatoora SA 4) Nisko 10.12.2008 100.00% 92.75% 100.00% 92.75% Production and distribution of radiators and sanitary fixtures and fittings
20 Armaton SA 4) Cracow 10.02.2009 100.00% 92.75% 100.00% 92.75% Use of free funds, development investments.
21 Arm Property sp. z o.o. 5) Cracow 26.11.2014 100.00% n.a. 100.00% n.a. Purchase and sales of property.
22 Armadimp SA 4) 6) Cracow 20.07.2012 n.a. 92.75% n.a. 92.75% Manufacturing of ceramic sanitary fixtures.
23 Armagor SA 4) 7) Cracow 06.09.2009 n.a. 92.75% n.a. 92.75% Manufacturing of bathroom (water and gas) and central heating fittings.
Consolidated subsidiaries (cont.)
24 PZU Zdrowie SA (previously Ipsilon Bis SA) Warsaw 02.09.2011 100.00% 100.00% 100.00% 100.00% Health care services. http://www.pzu.pl/pzu-zdrowie
25 Centrum Medyczne Medica sp. z o.o. (“CM Medica”) Płock 09.05.2014 100.00% n.a. 100.00% n.a. Health care services. http://cmmedica.pl/
26 Specjalistyczna Przychodnia Przemysłowa Prof-Med sp. z o.o. (“Prof-Med”) Włocławek 12.05.2014 96.45% n.a. 96.45% n.a. Health care services. http://cmprofmed.pl/
27 Sanatorium Uzdrowiskowe “Krystynka” sp. z o.o. (“SU Krystynka”) Ciechocinek 09.05.2014 98.58% n.a. 98.58% n.a. Hospital, rehabilitation and spa therapy services. http://www.sanatoriumkrystynka.pl/
28 Przedsiębiorstwo Świadczeń Zdrowotnych i Promocji Zdrowia ELVITA – Jaworzno III sp. z o.o. ("Elvita”) Jaworzno 01.12.2014 98.82% n.a. 98.82% n.a. Health care services. http://www.elvita.pl/
29 Przedsiębiorstwo Usług Medycznych PROELMED sp. z o.o. (“Proelmed”) Łaziska Górne 01.12.2014 57.00% n.a. 57.00% n.a. Health care services. http://www.proelmed.pl/
30 Ipsilon Sp. z o.o. Warsaw 02.04.2009 100.00% 100.00% 100.00% 100.00% Business assistance services and health care services.
31 PZU Asset Management SA (“PZU AM”) Warsaw 12.07.2001 100.00% 100.00% 100.00% 100.00% Management of instruments portfolios for the account of third parties. http://www.pzu.pl/grupa-pzu/tfi-pzu/pzu-asset-managment
32 Międzyzakładowe Pracownicze Towarzystwo Emerytalne PZU SA in liquidation (“MPTE PZU SA”) Warsaw 13.08.2004 100.00% 100.00% 100.00% 100.00% The Company does not conduct business operations.
33 Omicron SA Warsaw 13.09.2011 100.00% 100.00% 100.00% 100.00% The Company does not conduct business operations.
34 Omicron Bis SA Warsaw 28.08.2014 100.00% n.a. 100.00% n.a. The Company does not conduct business operations.
35 LLC SOS Services Ukraine Kiev (Ukraine) 01.07.2005 100.00% 100.00% 100.00% 100.00% Assistance services.
Consolidated subsidiaries (cont.)
36 L4C sp. z o.o. Warsaw  15.09.2014 100.00% n.a. 100.00% n.a. The Company does not conduct business operations.
37 PZU SFIO Universum Warsaw  15.12.2009 n.a. n.a. n.a. n.a. Investment of funds collected from the participants of the fund.
38 PZU FIZ Dynamiczny Warsaw  27.01.2010 n.a. n.a. n.a. n.a. As above.
39 PZU FIZ Sektora Nieruchomości 9) Warsaw  01.07.2008 n.a. n.a. n.a. n.a. As above.
40 PZU FIZ Sektora Nieruchomości 2 9) Warsaw  21.11.2011 n.a. n.a. n.a. n.a. As above.
41 PZU FIZ Aktywów Niepublicznych BIS 1  Warsaw  12.12.2012 n.a. n.a. n.a. n.a. As above.
42 PZU FIZ Aktywów Niepublicznych BIS 2 („PZU FIZ AN BIS 2”) Warsaw  19.11.2012 n.a. n.a. n.a. n.a. As above.
43 PZU Dłużny Rynków Wschodzących Warsaw  20.11.2006 n.a. n.a. n.a. n.a. As above.
44 PZU Akcji Rynków Wschodzących Warsaw  20.11.2006 n.a. n.a. n.a. n.a. As above.
45 PZU Akcji Spółek Dywidendowych Warsaw  20.11.2006 n.a. n.a. n.a. n.a. As above.
46 PZU FIZ Forte  Warsaw  27.12.2012 n.a. n.a. n.a. n.a. As above.
47 PZU FIZ Sektora Nierucho-mości 3 in liquidation 9) 10) Warsaw  24.02.2012 n.a. n.a. n.a. n.a. As above.
48 PZU FIZ Aktywów Niepublicznych RE Income in liquidation 9) 11) Warsaw  08.11.2011 n.a. n.a. n.a. n.a. As above.
49 PZU FIO Gotówkowy Warsaw  01.07.2005 n.a. n.a. n.a. n.a. As above.
Joint ventures
50 Armatura Tower Sp. z o.o. Cracow  08.11.2013 50.00% 50.00% 50.00% 50.00% Execution of construction projects.
Associates
51 GSU Pomoc Górniczy Klub Ubezpieczonych SA Tychy  08.06.1999 30.00% 30.00% 30.00% 30.00% Insurance services.
52 EMC Instytut Medyczny SA 12) Wrocław  18.06.2013 28.58% 29.87% 25.41% 25.31% Health protection, R&D in medical sciences and pharmacy.

1) Information about the acquisition of Link4 is presented in Note 2.4.5.2.

2) Information about the acquisition of Lietuvos Draudimas AB is presented in Note 2.4.5.3.

3) Information about the acquisition of AAS Balta is presented in Note 2.4.5.1.

4) Information about changing the involvement in Armatura Kraków SA is presented in Note 2.4.3.

5) Information about the establishment of Arm Property Sp. z o.o. is presented in Note 2.4.6.

6) On 31 December 2014, business combination of Armatoora SA (the acquiring entity) and Armadimp SA (the acquired entity) was registered. Additional information about is presented in Note 2.4.4.

7) On 31 December 2014, business combination of Armatura Kraków SA (the acquiring entity) and Armagor SA (the acquired entity) was registered. Additional information about is presented in Note 2.4.4.

8) On 16 October 2014, the Extraordinary General Meeting of Shareholders of MPTE PZU SA adopted a decision about the commencement of liquidation process of the company in connection with the unification of employee pension pogrammes in PZU Group and prior to the take-over of pension the programmes by investment funds managed by TFI PZU.

9) As at 31 December 2014 the funds PZU FIZ Sektora Nieruchomości, PZU FIZ Sektora Nieruchorności 2, PZU FIZ Sektora Nieruchorności 3 in liquidation, PZU FIZ Aktywów Niepublicznych RE Income in liquidation conducted investment operations through special purpose vehicles which invested in particular properties, the number of which for particular funds amounted to: 39, 13, 7, 6 (31 December 2013: 37, 8, 9, 6).

10) The net assets of PZU FIZ Sektora Nieruchomości 3 in liquidation amounted to PLN 589 thousand as at 31 December 2014. 

11) The net assets of PZU FIZ Aktywów Niepublicznych RE Income in liquidation amounted to PLN 2,262 thousand as at 31 December 2014.

12) Information about changing the involvement in EMC Instytut Medyczny SA is presented in Note 2.4.2.

But for the companies listed in the table, as at 31 December 2014, 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 position of PZU Group amounted to 0.