Poll

Notes to the consolidated financial statements

2. Composition of the Group

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As at 31 December 2014 the Capital Group included Bank Pocztowy S.A. and the following subsidiaries consolidated using the full method:


As at 31 December 2014 and 31 December 2013, the share in the total number of votes held by the Bank in the General Shareholders' Meeting of subsidiaries was equal to the interest in their capitals. Moreover, the Bank has the right to designate a majority of members of the Supervisory Board in each company and therefore it is authorized to take key decision, such as appointing all Management Board Members in each company.

Centrum Operacyjne Spółka z ograniczoną odpowiedzialnością (“Centrum Operacyjne”) was established by the Bank on 20 May 2010. It commenced its operations on 28 May 2010.
Centrum Operacyjne 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 2014 Centrum Operacyjne Sp. z o.o. provided services to the Bank, Spółka Dystrybucyjna Banku Pocztowego Sp. z o.o. and Pocztowe Towarzystwo Ubezpieczeń Wzajemnych, entities from the Poczta Polska Capital Group.

As at 31 December 2014 and 31 December 2013 the share capital of Centrum Operacyjne amounted to PLN 3 284 thousand (including a contribution of PLN 784 thousand).

Spółka Dystrybucyjna Banku Pocztowego Spółka z ograniczoną odpowiedzialnością (“Spółka Dystrybucyjna”) was established by the Bank on 20 May 2010. It commenced its operations on 28 May 2010.
Spółka Dystrybucyjna 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 is other forms of loan granting (6492Z).

In 2014 Spółka Dystrybucyjna cooperated mainly with the Bank, distributing its products.

As at 31 December 2014 and 31 December 2013 the share capital of the Spółka Dystrybucyjna amounted to PLN 2 680 thousand (including a contribution of PLN 680 thousand).

 

Annual Report 2014 - Bank Pocztowy