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> Financial statements of JSW S.A. for 2012
Financial statements of JSW S.A. for 2012
9. Investments in subsidiaries, co-subsidiaries and associates
| 31 Dec 2012 | 31 Dec 2011 | ||
|---|---|---|---|
| Investments in subsidiaries | 2,247.6 | 2,243.8 | |
| Investments in co-subsidiaries | 1.3 | 1.3 | |
| Investments in associates | 0.1 | 0.1 | |
| 2,249.0 | 2,245.2 |
download tableJSW S.A. also holds shares in the following material subsidiaries, co-subsidiaries and associates:
| Name | Registered office | Net book value | Stake held (%) | ||
|---|---|---|---|---|---|
| 31 Dec 2012 | 31 Dec 2011 | 31 Dec 2012 | 31 Dec 2011 | ||
| Koksownia Przyjaźń S.A. | Poland | 1,190.6 | 1,190.6 | 97.78% | 97.78% |
| Wałbrzyskie Zakłady Koksownicze Victoria S.A. | Poland | 413.9 | 413.9 | 85% | 85% |
| Kombinat Koksochemiczny Zabrze S.A. | Poland | 267.4 | 267.4 | 85% | 85% |
| Spółka Energetyczna "Jastrzębie" S.A. | Poland | 154.3 | 150.9 | 100% | 100% |
| Jastrzębskie Zakłady Remontowe Sp. z o.o. | Poland | 66.5 | 66.1 | 100% | 100% |
| Others | Poland | 156.3 | 156.3 | - | - |
| Total | 2,249.0 | 2,245.2 | |||
Shared purchased in 2012
| Number of shares purchased | % of shares purchased | Purchase value (PLN thous.) | |
|---|---|---|---|
| Spółka Energetyczna "Jastrzębie" S.A. | 34.216 | 2.22 | 3,421.6 |
| Jastrzębskie Zakłady Remontowe Sp. z o.o. | 757 | 0.57 | 378.5 |
| Koksownia Przyjaźń S.A. | 10 | 0 | 10.3 |
Investments in subsidiaries and all the changes from 1 January to 31 December 2012 are described in detail in the Management Board report on the activity of Jastrzębska Spółka Węglowa S.A. for the financial year ended 31 December 2012, section 1.3.
Shares purchased in 2011
In 2011, JSW S.A. and the State Treasury signed an agreement to subscribe for shares in the increased share capital by power of which the State Treasury made a contribution-in-kind to JSW S.A. in the form of 5,610,000 shares of Kombinat Koksochemiczny Zabrze S.A. (“KK Zabrze”), representing 85% of the share capital. Accordingly, this company joined the JSW S.A. Capital Group. In exchange for the above shares, the State Treasury subscribed for 6,404,110 JSW S.A. series D shares of a new issue with a par value of PLN 5.00 each. The total value of the issue of series D shares was PLN 267.4 million.
Under the agreement of 5 October 2011, JSW S.A. acquired 399,500 shares of Wałbrzyskie Zakłady Koksownicze Victoria S.A. (“WZK Victoria”) representing 85% of the company's share capital from the State Treasury. The ownership title to the company's shares was transferred on 19 December 2011.
