Current Activities and Development
Budimex Group Organizational Structure
The Group’s organisational structure, consolidated entities and changes in the Group organisation
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 in 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.
In 2014, the following changes occurred in the structure of the Budimex Group:
On 21 February 2014, Budimex PPP SA sold its shares in Budimex E Sp. z o.o.
On 16 May 2014, Budimex F Sp. z o.o. was entered in the National Court Register. Budimex PPP SA holds 100% of shares in this company.
On 19 May 2014, Budimex G Sp. z o.o. was entered in the National Court Register. Budimex PPP SA holds 100% of shares in this company.
On 4 December 2014, Budimex SA Tecnicas Reunidas SA Turów Spółka Cywilna was established. Budimex SA holds 50% of shares in this company.
On 18 December 2014,Budimex Budownictwo Sp. z o.o., a 100% subsidiary of Budimex SA, acquired 41.65% of shares in Elektromontaż Poznań SA, increasing the total share of the Budimex Group to 92.31%.
In 2014, no changes were introduced in the management policies at the Budimex Group.
Presented below is the list of subsidiaries and jointly controlled entities of the Budimex Group:
| Share in the share capital and the number of votes (%) |
Consolidation method | ||||
|---|---|---|---|---|---|
| Company name | Registered office | 31.12.2014 | 31.12.2013 | 31.12.2014 | 31.12.2013 |
| Konsolidowane | |||||
| Mostostal Kraków SA | Kraków / Poland | 100,00% | 100,00% | full | full |
| Budimex Bau GmbH | Cologne / Germany | 100,00% | 100,00% | full | full |
| Budimex Nieruchomości Sp. z o.o. | Warsaw / Poland | 100,00% | 100,00% | full | full |
| Budimex Budownictwo Sp. z o.o. | Warsaw / Poland | 100,00% | 100,00% | full | full |
| SPV-BN 1 Sp. z o.o. | Warsaw / Poland | 100,00% | 100,00% | full | full |
| Poznańskie Przedsiębiorstwo Inwestycyjne Sp. z o.o. 1 | Warsaw / Poland | 100,00% | 100,00% | full | full |
| Budimex Kolejnictwo SA | Warsaw / Poland | 100,00% | 100,00% | full | full |
| Budimex Parking Wrocław Sp. z o.o. | Warsaw / Poland | 100,00% | 100,00% | full | full |
| Budimex B Sp. z o.o. (in liquidation) | Warsaw / Poland | 100,00% | 100,00% | full | full |
| Elektromontaż Poznań SA 2 | Poznań / Poland | 92,31% | 50,66% | full | full |
| Elektromontaż Import Sp. z o.o. 2 | Warsaw / Poland | 92,31% | 50,66% | full | full |
| Instal Poland Sp. z o.o. 2 | Poznań / Poland | 92,31% | 50,66% | full | full |
| Elektromontaż Warsaw SA 2 | Warsaw / Poland | 92,31% | 50,66% | full | full |
| Przedsiębiorstwo Budownictwa Mieszkaniowego Nadolnik Sp. z o.o. 3 | Warsaw / Poland | 100,00% | 100,00% | full | non-consolidated |
| Niekonsolidowane | |||||
| Budimex Autostrada SA | Warsaw / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| Budimex Most Wschodni SA | Warsaw / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| Budimex Autostrada A-1 SA | Warsaw / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| Przedsiębiorstwo Napraw Infrastruktury Sp. z o.o. in composition bankruptcy | Warsaw / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| Budimex A Sp. z o.o. | Warsaw / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| Budimex C Sp. z o.o. | Warsaw / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| Budimex D Sp. z o.o. | Warsaw / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| Budimex E Sp. z o.o. 4 | Warsaw / Poland | - | 100,00% | - | non-consolidated |
| Budimex F Sp. z o.o. 5 | Warsaw / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| Budimex G Sp. z o.o. 6 | Warsaw / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| Budimex PPP SA | Warsaw / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| MK Logistic Sp. z o.o. (in liquidation) | Zabrze / Poland | 100,00% | 100,00% | non-consolidated | non-consolidated |
| Dromex Oil Sp. z o.o. (in liquidation) | Warsaw / Poland | 97,93% | 97,93% | non-consolidated | non-consolidated |
| PKZ Budimex GmbH | Cologne / Germany | 50,00% | 50,00% | non-consolidated | non-consolidated |
1) Previous name of the company: SPV-BN 2 Sp. z o.o.
2) On 18 December 2014, Budimex Budownictwo Sp. z o.o. acquired 41.65% of shares in Elektromontaż Poznań SA. Thus, the share of the Budimex Group in Elektromontaż Poznań SA and its subsidiaries increased from 50.66% to 92.31%.
3) The company was entered in the National Court Register on 6 December 2013. It was consolidated as of 1 January 2014.
4) The company was sold on 21 February 2014.
5) The company was entered in the National Court Register on 16 May 2014.
6) The company was entered in the National Court Register on 19 May 2014.
Presented below is the list of jointly controlled entities of the Budimex Group:
| Share in the share capital and the number of votes (%) |
Method of presentation in financial statements | ||||
|---|---|---|---|---|---|
| Company name | Registered office | 31.12.2014 | 31.12.2013 | 31.12.2014 | 31.12.2013 |
| Joint operations | |||||
| Budimex SA - Budimex Budownictwo Sp. z o.o. s.c. | Warsaw / Poland | 100,00% | 100,00% | share in assets, liabilities, revenue and costs | full |
| 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% | ||
| Budimex SA Ferrovial Agroman SA Sp. j. | Warsaw / Poland | 50,00% | 50,00% | ||
| Budimex SA – Cadagua SA s.c. | Warsaw / Poland | 50,00% | 50,00% | ||
| Budimex SA – Cadagua II SA s.c. | Warsaw / Poland | 50,00% | - | ||
| Budimex SA Tecnicas Reunidas SA Turów s.c. 1 |
Warsaw / Poland | 50,00% | - | ||
| Joint ventures | |||||
| Tecpresa – Techniki Sprężania i Usługi Dodatkowe Sp. z o.o. |
Warsaw / Poland | 30,00% | 30,00% | equity method | proportionate |
1) The company was established on 4 December 2014.
