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General information

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, ul. Grójecka 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 2017 are presented in the Management Board Report on the Activity of the PKP CARGO Group for the 2017 financial year, in Notes 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:

The duration of individual Group companies is unlimited.

Business services

As at the balance sheet date, the PKP CARGO Group (hereinafter Group) comprised of PKP CARGO S.A. as its parent company and 25 subsidiaries. In addition, the Group held stakes in 4 associated entities and 2 joint ventures.       

The detailed information about the subsidiaries consolidated using the full method as at 31 December 2017 and 31 December 2016 is as follows:

ItemName of the subsidiaryCore businessPlace of registration and businessPercent of shares held by the Group
    As at 31/12/2017As at 31/12/2016
1PKP CARGO Centrum Logistyczne Małaszewicze Sp. z o.o.Service activity incidental to land transport, cargo handling and wholesale and retail sale of waste and scrapMałaszewicze100.0%100.0%
2PKP CARGO Centrum Logistyczne Medyka - Żurawica Sp. z o.o.Service activity incidental to cargo transshipment in other transshipment pointsŻurawica100.0%100.0%
3PKP CARGO SERVICE Sp. z o.o.Activity incidental to comprehensive handling of sidingsWarsaw100.0%100.0%
4PKP CARGO CONNECT Sp. z o.o.Freight forwarding servicesWarsaw100.0%100.0%
5PKP CARGOTABOR Sp. z o.o.Service activity incidental to repair and overhaul of rolling stockWarsaw100.0%100.0%
6PKP CARGOTABOR USŁUGI Sp. z o.o.Activity related to collecting, processing and neutralizing waste and recovery of raw materialsWarsaw100.0%100.0%
7CARGOTOR Sp. z o.o.Management of logistic and service infrastructure in the form of rail sidings and railway tracks. Providing access to such infrastructure to rail operators.Warsaw100.0%100.0%
8CARGOSPED Terminal Braniewo Sp. z o.o.Freight transshipment, customs warehouseBraniewo100.0%100.0%
9Advanced World Transport B.V. (1)Holding and financial activityAmsterdam100.0%80.0%
10Advanced World Transport a.s. (2)Provision of comprehensive services: rail transport, railway shipping, sidings handling, rolling stock repairsOstrava100.0%80.0%
11AWT ROSCO a.s.Rolling stock management, rolling stock leaseOstrava100.0%80.0%
12AWT Čechofracht a.s.Freight forwarding and customs servicePrague100.0%80.0%
13AWT Rekultivace a.s.Provision of comprehensive services: land reclamation, construction services, waste management, zoning designHawierzów-Sucha Średnia100.0%80.0%
14AWT Rail HU Zrt.Provision of comprehensive services: rail transport, railway shipping, sidings handlingBudapest100.0%80.0%
15AWT Coal Logistics s.r.o. (2)Freight forwardingPrague-80.0%

(1) As a result of the acquisition, on 2 November 2017, of an additional 20% stake in AWT B.V., The Parent Company became directly the owner of a 100% stake in the share capital of AWT B.V. The transaction was described in Note 23 of these Consolidated Financial Statements. At the same time, as a result of this transaction, the Parent Company became indirectly the owner of a 51% stake in the share capital of RND s.r.o. and a 100% stake in the share capital of the remaining companies owned directly by AWT B.V.

(2) Two companies from the AWT Group merged effective 1 June 2017: Advanced World Transport a.s. acquired AWT Coal Logistics s.r.o., as a result of which AWT Coal Logistics s.r.o. ceased to exist as a separate entity.

The detailed information about the remaining subsidiaries from the Group as at 31 December 2017 and 31 December 2016 is as follows:

Item  Name of the subsidiaryCore businessPlace of registration and businessPercent of shares held by the Group
    As at 31/12/2017As at 31/12/2016
16ONECARGO Sp. z o.o.Rail cargo transportWarsaw100.0%100.0%
17ONECARGO CONNECT Sp. z o.o.Service activities supporting to land transportWarsaw100.0%100.0%
18Transgaz S.A.Transport agencyZalesie near Małaszewicze64.0%64.0%
19Trade Trans Finance Sp. z o.o.Financial and accounting serviceWarsaw100.0%100.0%
20PKP CARGO CONNECT GmbHCustoms and forwarding serviceHamburg100.0%100.0%
21PPHU "Ukpol" Sp. z o.o.Freight transshipment, trading servicesWerchrata100.0%100.0%
22AWT Rail SK a. s.Rail transport, freight forwardingBratislava100.0%80.0%
23AWT DLT s.r.o.Siding servicesKladno100.0%80.0%
24AWT Trading s.r.o.Trading in products for the armyPietwałd100.0%80.0%
25AWT Rekultivace PL Sp. z o.o.Provision of comprehensive services: land reclamation, construction services, waste management, zoning designCieszyn100.0%80.0%
26RND s.r.o.Freight forwarding, transport monitoringOlomouc51.0%40.8%