Current Activities And Development
The Group’s organisational structure, consolidated entities and changes in Group organisation
Wola CenterThe 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 the parent company 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 as a whole.
In 2013, the following changes occurred in the structure of the Budimex Group:
On 4 January 2013, Budimex SA took over the control concerning Elektromontaż Poznań SA and its subsidiaries: Elektromontaż Warszawa SA, Elektromontaż Import Sp. z o.o. and Instal Polska Sp. z o.o. As at 31 December 2013, Budimex SA holds 50.66 per cent of the shares in Elektromontaż Poznań SA.
On 1 March 2013, Budimex SA – Budimex Budownictwo Sp. z o.o. Spółka Cywilna was established. Budimex SA holds 95 per cent of the shares in this company and Budimex Budownictwo Sp. z o.o. holds 5 per cent of the shares.
On 17 September 2013, Budimex SA brought a contribution in kind in the form of 100 per cent of shares in Budimex Danwood Sp. z o.o. as a coverage of the capital in Budimex B Sp. z o.o.
On 30 October 2013, Budimex SA Cadagua SA Spółka Cywilna was established. Budimex SA holds 50 per cent of the shares in this company.
On 2 December 2013, Budimex B Sp. z o.o. sold its shares in Budimex Danwood Sp. z o.o.
On 6 December 2013, Przedsiębiorstwo Budownictwa Mieszkaniowego Nadolnik Sp. z o.o. was entered in the National Court Register. SPV-BN 2 Sp. z o.o. holds 99 per cent of the shares in this company and Budimex Nieruchomości Sp. z o.o. holds 1 per cent of the shares.
In 2013, 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 the number of votes (%) | Consolidation method |
|
|---|---|---|---|---|
| 31 December 2013 |
31 December 2012 |
|||
| Mostostal Kraków SA | Kraków / Polska | 100,00% | 100,00% | full |
| Budimex Danwood Sp. z o.o. 1 | Bielsk Podlaski / Polska | - | 100,00% | full |
| Budimex Bau GmbH | Kolonia / Niemcy | 100,00% | 100,00% | full |
| Budimex Nieruchomości Sp. z o.o. | Warszawa / Polska | 100,00% | 100,00% | full |
| Budimex Budownictwo Sp. z o.o. | Warszawa / Polska | 100,00% | 100,00% | full |
| SPV-BN 1 Sp. z o.o. | Warszawa / Polska | 100,00% | 100,00% | full |
| SPV-BN 2 Sp. z o.o. | Warszawa / Polska | 100,00% | 100,00% | full |
| Budimex Kolejnictwo SA | Warszawa / Polska | 100,00% | 100,00% | full |
| Budimex Parking Wrocław Sp. z o.o. | Warszawa / Polska | 100,00% | 100,00% | full |
| Budimex B Sp. z o.o. | Warszawa / Polska | 100,00% | 100,00% | full |
| Elektromontaż Poznań SA | Poznań / Polska | 50,66% | 30,78% | full |
| Elektromontaż Import Sp. z o.o. | Warszawa / Polska | 50,66% | 30,78% | full |
| Instal Polska Sp. z o.o. | Poznań / Polska | 50,66% | 30,78% | full |
| Elektromontaż Warszawa SA | Warszawa / Polska | 50,66% | 30,78% | full |
| Budimex SA – Budimex Budownictwo Sp. z o.o. s.c. | Warszawa / Polska | 100,00% | - | full |
| Budimex SA Ferrovial Agroman SA s.c. | Warszawa / Polska | 99,98% | 99,98% | proportionate |
| Budimex SA Sygnity SA Sp. j. | Warszawa / Polska | 67,00% | 67,00% | proportionate |
| Budimex SA Ferrovial Agroman SA Sp. j. | Warszawa / Polska | 50,00% | 50,00% | proportionate |
| Budimex SA – Cadagua SA s.c. | Warszawa / Polska | 50,00% | - | proportionate |
| Tecpresa – Techniki Sprężania i Usługi Dodatkowe Sp. z o.o. |
Warszawa / Polska | 30,00% | 30,00% | proportionate |
| Przedsiębiorstwo Napraw Infrastruktury Sp. z o.o. in bankruptcy to arrangements | Warszawa / Polska | 100,00%2 | 100,00%2 | non-consolidated |
| Budimex Autostrada SA | Warszawa / Polska | 100,00% | 100,00% | non-consolidated |
| Budimex Most Wschodni SA | Warszawa / Polska | 100,00% | 100,00% | non-consolidated |
| Budimex Autostrada A-1 SA | Warszawa / Polska | 100,00% | 100,00% | non-consolidated |
| Dromex Oil Sp. z o.o. (in liquidation) | Warszawa / Polska | 97,93% | 97,93% | non-consolidated |
| Budimex A Sp. z o.o. | Warszawa / Polska | 100,00% | 100,00% | non-consolidated |
| Budimex C Sp. z o.o. | Warszawa / Polska | 100,00% | 100,00% | non-consolidated |
| Budimex D Sp. z o.o. | Warszawa / Polska | 100,00% | 100,00% | non-consolidated |
| Budimex E Sp. z o.o. | Warszawa / Polska | 100,00% | 100,00% | non-consolidated |
| Budimex PPP SA | Warszawa / Polska | 100,00% | 100,00% | non-consolidated |
| PKZ Budimex GmbH | Kolonia / Niemcy | 50,00% | 50,00% | non-consolidated |
| MK Logistic Sp. z o.o. (in liquidation) | Zabrze / Polska | 100,00% | 100,00% | non-consolidated |
| Przedsiębiorstwo Budownictwa Mieszkaniowego Nadolnik Sp. z o.o. | Warszawa / Polska | 100,00% | - | non-consolidated |
1 the company was sold on 2 December 2013.
2 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.
