Integrated Report 2019 | PGE Capital Group

7.5 Share of profit of entities accounted for using the equity method

2019 Polska Grupa Górnicza Polimex Mostostal ElectroMobility Poland PEC Bogatynia Energopomiar
SHARE IN VOTES 15.32% 16.48% 25.00% 34.93% 49.79%
Revenue 9,012 1,510 15 50
Profit (loss) on continuing operations (427) 22 (5) (1) 2
Share of profit of equity-accounted entities (65) 4 (1) 1
Elimination of unrealised gains and losses 4
SHARE OF PROFIT (LOSS) OF EQUITY-ACCOUNTED ENTITIES (61) 4 (1) 1

2018 Polska Grupa Górnicza Polimex Mostostal ElectroMobility Poland PEC Bogatynia Energopomiar
SHARE IN VOTES 15.32% 16.48% 25.00% 34.93% 47.30%
Revenue 9,371 1,556 15 70
Profit (loss) on continuing operations 493 104 (7) 1
Share of profit (loss) of equity-accounted entities 76 17 (2)
Elimination of unrealised gains and losses (25) 5
SHARE OF PROFIT (LOSS) OF EQUITY-ACCOUNTED ENTITIES 51 22 (2)

On February 20, 2020, an agreement was concluded between the representatives of the Management Board of Polska Grupa Górnicza and the trade unions operating in the company, providing for an increase in salaries in Polska Grupa Górnicza as of January 1, 2020.

The Group makes a consolidation adjustment related to margin on sale of coal between Polska Grupa Górnicza and the Group and an adjustment to margin on Polimex – Mostostal contracts for the Group.

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