and Entities Controlled by the Same Controlling Entity for the Accounting Period of 2015
Controlled Entity and Author of the Related Parties Report
ČEZ, a. s.
ID No. 45274649
Registered office Prague 4, Duhová 2/1444, ZIP code 140 53
Registered in the Commercial Register kept by the Municipal Court in Prague, Section B, File 1581
Controlling Entity
Czech Republic—Ministry of Finance
Name Ministry of Finance of the Czech Republic ID No. 00006947
Registered office Prague 1, Letenská 525/15, ZIP code 118 10
As at December 31, 2015, the controlling entity owned shares corresponding to a 69.78% stake in the stated capital of ČEZ, a. s.
Entities Controlled and Managed by ČEZ, a. s.
ČEZ, a. s. is the controlling entity of companies belonging to CEZ Group. CEZ Group includes the CEZ Concern, which is headed by ČEZ, a. s. as the managing entity and the members of which were the following managed entities in 2015: ČEZ Distribuční služby, s.r.o.; ČEZ Energetické produkty, s.r.o.; ČEZ Energetické služby, s.r.o.; ČEZ ICT Services, a. s.; ČEZ Obnovitelné zdroje, s.r.o.; ČEZ Prodej, s.r.o.; ČEZ Korporátní služby, s.r.o.; ČEZ Teplárenská, a.s.; ČEZ Zákaznické služby, s.r.o.; Elektrárna Dětmarovice, a.s.; Elektrárna Počerady, a.s.; ČEZ Bohunice a.s.; ČEZ ENERGOSERVIS spol. s r.o.; Energetické centrum s.r.o.; Energotrans, a.s.; Elektrárna Mělník III, a. s.; Elektrárna Tisová, a.s.; Telco Pro Services, a. s.; Areál Třeboradice, a.s.; ČEZ Nová energetika, a.s.; Severočeské doly a.s.; PRODECO, a.s.; SD - Kolejová doprava, a.s.; Revitrans, a.s.; ČEZ Inženýring, s.r.o.; and MARTIA a.s. Another 2 controlled entities became members of the CEZ Concern with effect from January 1, 2016, namely ČEZ ESCO, a.s. and Energocentrum Vítkovice, a. s.
Other Entities Controlled by the Same Controlling Entity
Based on information provided to the Company by the Ministry of Finance of the Czech Republic, the ČEZ, a. s. Board of Directors has prepared a diagram showing the structure of relations between entities controlled by the same controlling entity, which also shows the structure of entities controlled and/or managed by ČEZ, a. s.
The diagram showing the structure of relations in the group of businesses controlled by the Ministry of Finance of the Czech Republic constitutes Annex 1 to the Related Parties Report. An alphabetical list of the companies included in the group of businesses controlled by the Ministry of Finance of the Czech Republic displayed in the diagram constitutes Annex 2 to the Related Parties Report.
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2. Role of the Controlled Entity
ČEZ, a. s. is the parent company of CEZ Group. The core business as well as role of companies within CEZ Group is the generation, distribution, trade in, and sales of electricity and heat, trade in and sales of natural gas, and coal extraction. ČEZ, a. s. is a crucial state-controlled energy company. Its primary task is to ensure safe and reliable fulfillment of the energy needs of its customers and society at large.
ČEZ, a. s. also intermediates the controlling entity’s control over the other companies within CEZ Group.
3. Method and Means of Control
The Czech Republic—Ministry of Finance controls ČEZ, a. s. by being its majority shareholder and thus also holding a majority share in voting rights. In view of the share in voting rights, the Czech Republic—Ministry of Finance can enforce the appointment or removal of most members of the supervisory and/or statutory representation body of the controlled entity.
4. List of Acts Pursuant to Section 82(2)(d) of Act No. 90/2012 Sb., on Business Corporations
In the period in question, ČEZ, a. s. did not perform any acts that would have been performed at the instigation or in the interest of the controlling entity or entities controlled by it concerning assets exceeding 10% of the equity of ČEZ, a. s. as identified by its latest financial statements.
5. List of Mutual Contracts
The Board of Directors of ČEZ, a. s. has prepared a list of mutual contracts1) effective between ČEZ, a. s. and the controlling entity
and other entities controlled by the same controlling entity in 2015, which constitutes Annex 3 to the Related Parties Report. The list does not include further details on contractual relations in order to keep trade secrets and meet the contractual obligation of confidentiality of information.
1) Each contract is defined by its name, date of contract and/or contract number, and the subject matter of the contract if not identified by the name of the contract.
Contracts made solely in English are listed under their name in English with their subjects matter identified in parentheses.
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