Notes to the consolidated financial statements

2. Composition of the Group

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As at 31 December 2013 the Capital Group included Bank Pocztowy S.A. and the following subsidiaries consolidated using the full method:

As at 31 December 2013 and 31 December 2012, the share in the total number of votes held by the Bank in subsidiaries was equal to the interest in their capitals. Moreover, the Bank has the majority of members of the Supervisory Board in each company and therefore it has the right to appoint all Management Board Members in each company.

Centrum Operacyjne Spółka z ograniczoną odpowiedzialnością was established by the Bank on 20 May 2013.
It commenced its operations on 28 May 2010.

The Company was established in order to provide process administration services for products and services of entities from the financial sector. In line with the Polish Classification of Business Activity (PKD 2007) the core business of the entity was classified as Other auxiliary activity related to financial services, excluding insurance and pension funds (6619Z).

In 2013 Centrum Operacyjne Sp. z o.o. provided services to the Bank, Spółka Dystrybucyjna Banku Pocztowego Sp. z o.o. and Pocztowe Towarzystwo Ubezpieczeń Wzajemnych.

As at 31 December 2013 and 31 December 2012 the share capital of the Company amounted to PLN 3,284 thousand (including a contribution of PLN 784 thousand).

Spółka Dystrybucyjna Banku Pocztowego Spółka z ograniczoną odpowiedzialnością was established by the Bank on 20 May 2010. It commenced its operations on 28 May 2010.

The Company was established in order to organize operations and operate within mobile sales structures for financial products and services, in particular those related to the cooperation with the Bank. In line with the Polish Classification of Business Activity (PKD 2007) the core business of Spółka Dystrybucyjna Banku Pocztowego Sp. z o.o. is other forms of loan granting (6492Z).
In 2013 and 2012 Spółka Dystrybucyjna Banku Pocztowego Spółka z ograniczoną odpowiedzialnością cooperated mainly with the Bank, distributing its products.
As at 31 December 2013 and 31 December 2012 the share capital of the Company amounted to PLN 2,680 thousand (including a contribution of PLN 680 thousand).