Formal and legal organizational structure

Organization by Lines of Business Changes to the principles of TAURON Polska Energia S.A. and TAURON Capital Group’s management


As of December 31, 2020, TAURON Capital Group’s subsidiaries, besides the TAURON Polska Energia S.A. parent company, included 34 subsidiaries subject to consolidation and 4 jointly controlled entities (co-subsidiaries) included in the consolidated financial statements as of December 31, 2020 of TAURON Polska Energia S.A. based on the equity method, i.e. Elektrociepłownia Stalowa Wola S.A., TAMEH HOLDING Sp. z o.o., TAMEH POLSKA Sp. z o.o., TAMEH Czech s.r.o.

Core TAURON Capital Group’s subsidiaries in 2020, including the parent company’s shareholding therein

TAURON Polska Energia S.A is TAURON Capital Group’s parent company, performing the role of the corporate center. The company’s operations are managed by the Management Board within which the competences for managing the business units were split among the President of the Management Board and the Vice Presidents of the Management Board.


36. Assets held for sale and liabilities associated with assets held for sale

Value lever (driver) prospects