Budimex Group Organizational Structure
The Group’s organizational structure, consolidated entities and changes in Group organization
The main area of the Group's business activities concerns the broadly interpreted construction and assembly services rendered in the system of general contracting at home and abroad, developer activities, property management, and limited scope trading, production and transport.
The main area of business activity of Budimex SA is rendering construction and assembly services, development activities and rendering management and advisory services to other companies in the Budimex Group. Execution by Budimex SA of the advisory, management and financial functions serves to:
- ensure quick flow of information across the Group,
- strengthen the efficiency of cash and financial management of individual Group companies,
- strengthen the market position of the Group.
In 2012, the following changes occurred in the structure of the Budimex Group:
On 13 April 2012, Budimex B Sp. z o.o. was entered in the Register of Entrepreneurs. Budimex SA holds 100% of the shares in this company.
On 20 April 2012, Budimex A Sp. z o.o. was entered in the Register of Entrepreneurs. Budimex SA holds 100% of shares in this company.
On 20 April 2012, Budimex PPP SA was entered in the Register of Entrepreneurs. Budimex SA holds 100% of the shares in this company.
On 30 April 2012, Budimex D Sp. z o.o. was entered in the Register of Entrepreneurs. Budimex PPP SA holds 100% of the shares in this company.
On 30 April 2012, Budimex E Sp. z o.o. was entered in the Register of Entrepreneurs. Budimex PPP SA holds 100% of the shares in this company.
On 16 May 2012 FBSerwis SA was entered in the Register of Entrepreneurs. Budimex SA holds 49% of the shares in this company.
On 29 June 2012, Budimex C Sp. z o.o. was entered in the Register of Entrepreneurs. Budimex PPP SA holds 100% in this company.
In 2012, there were no changes in the management policies at the Budimex Group.
Presented below is the list of subsidiaries and jointly controlled entities of the Budimex Group:
| Company name | Registered office | Share in the share capital and in the number of votes (%) | Consolidation method | |
|---|---|---|---|---|
| 31 December 2012 | 31 December 2011 | |||
| Mostostal Kraków SA | Kraków / Poland | 100.00% | 100.00% | full |
| Budimex Danwood Sp. z o.o. | Bielsk Podlaski / Poland | 100.00% | 100.00% | full |
| Budimex Bau GmbH | Cologne / Niemcy | 100.00% | 100.00% | full |
| PKZ Budimex GmbH | Cologne / Niemcy | 50.00% | 50.00% | non-consolidated |
| MK Logistic Sp. z o.o. (in liquidation) | Zabrze / Poland | 100.00% | 100.00% | non-consolidated |
| Budimex Nieruchomości Sp. z o.o. | Warsaw / Poland | 100.00% | 100.00% | full |
| Budimex Budownictwo Sp. z o.o. | Warsaw / Poland | 100.00% | 100.00% | full |
| Przedsiębiorstwo Napraw Infrastruktury Sp. z o.o. in bankruptcy open to arrangements | Warsaw / Poland | 100.00%1 | 100.00% | full |
| SPV-BN 1 Sp. z o.o. | Warsaw / Poland | 100.00% | 100.00% | full |
| SPV-BN 2 Sp. z o.o. | Warsaw / Poland | 100.00% | 100.00% | full |
| Budimex Kolejnictwo SA2 | Warsaw / Poland | 100.00% | 100.00% | non-consolidated |
| Budimex Parking Wrocław Sp. z o.o. | Warsaw / Poland | 100.00% | 100.00% | non-consolidated |
| Budimex Autostrada SA | Warsaw / Poland | 100.00% | 100.00% | non-consolidated |
| Budimex Most Wschodni SA | Warsaw / Poland | 100.00% | 100.00% | non-consolidated |
| Budimex Autostrada A-1 SA | Warsaw / Poland | 100.00% | 100.00% | non-consolidated |
| Dromex Oil Sp. z o.o. (in liquidation) | Warsaw / Poland | 97.93% | 97.93% | non-consolidated |
| Budimex SA Ferrovial Agroman SA s.c. | Warsaw / Poland | 99.98% | 99.98% | proportionate |
| Budimex SA Sygnity SA Sp. j. | Warsaw / Poland | 67.00% | 67.00% | proportionate |
| Budimex SA Ferrovial Agroman SA Sp. j. | Warsaw / Poland | 50.00% | 50.00% | proportionate |
| Tecpresa – Techniki Sprężania i Usługi Dodatkowe Sp. z o.o. | Warsaw / Poland | 30.00% | 30.00% | proportionate |
| Budimex A Sp. z o.o. | Warsaw / Poland | 100.00% | - | non-consolidated |
| Budimex B Sp. z o.o. | Warsaw / Poland | 100.00% | - | non-consolidated |
| Budimex C Sp. z o.o. | Warsaw / Poland | 100.00% | - | non-consolidated |
| Budimex D Sp. z o.o. | Warsaw / Poland | 100.00% | - | non-consolidated |
| Budimex E Sp. z o.o. | Warsaw / Poland | 100.00% | - | non-consolidated |
| Budimex PPP SA | Warsaw / Poland | 100.00% | - | non-consolidated |
1) the company was acquired on 16 November 2011. The court declared bankruptcy of the company with an arrangement option on 13 September 2012. The Budimex Group lost control over the company on 30 November 2012 as a result of removing the company's own management board and appointing a court administrator.
2) Previous name of the company: Budimex Serwis SA. The name change was entered in the Register of Entrepreneurs on 5 December 2012.