Table 1
Export to Excel| Year ended 31 December 2020 |
Year ended 31 December 2019 |
|
| Opening balance | 900,434 | 132,657 |
| Shareholder contributions related to the assumption of shares | – | 771,157 |
| Share in subsidiaries’ net profit or loss | (2,762) | (775) |
| Dividends for non-controlling interests | (2,075) | (1,932) |
| Acquisition of non-controlling interests by the Group and mandatory squeeze-out | (1,724) | (442) |
| Share in actuarial gains/(losses) related to provisions for post-employment benefits |
(250) | (231) |
| Closing balance | 893,623 | 900,434 |
Non-controlling interests relate mainly to the shares acquired by the Infrastructure Investment Fund – Capital Closed Investment Fund of Non-Public Assets and PFR Investments Closed Investment Fund in the share capital of the subsidiary Nowe Jaworzno Grupa TAURON Sp. z o.o. for a total amount of PLN 880,000 thousand.
The condensed financial information of the subsidiary Nowe Jaworzno Grupa TAURON Sp. z o.o. is presented in the table below.
Export to Excel| Year ended 31 December 2020 |
Year ended 31 December 2019 |
|
|---|---|---|
| Total assets | 6,918,576 | 6,219,329 |
| Total liabilities | 628,007 | 525,173 |
| Net loss | (47,624) | (22,670) |
| Net increase/ (decrease) in cash and cash equivalents | (150,249) | 149,993 |