1.1.1. Key information about the Group
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| Name | Polskie Górnictwo Naftowe i Gazownictwo Spółka Akcyjna |
| Registered office | ul. Marcina Kasprzaka 25, 01-224 Warsaw, Poland |
| Court of registration | District Court for the Capital City of Warsaw, 16th Commercial Division |
| National Court Register (KRS) No. | 0000059492 |
| Industry Identification Number (REGON) | 012216736 |
| Tax Identification Number (NIP) | 525-000-80-28 |
| Business | The Company’s principal business activity includes exploration for and production of crude oil and natural gas, import, storage and sale of gas fuels, as well as trade in electricity. |
Polskie Górnictwo Naftowe i Gazownictwo Spółka Akcyjna is the Parent of the PGNiG Group (the “PGNiG Group”, the “Group”). PGNiG shares are listed on the Warsaw Stock Exchange (“WSE”). As at the date of issue of these consolidated financial statements for 2016, the State Treasury was the only shareholder holding 5% or more of total voting rights at the General Meeting of PGNiG S.A.
The PGNiG Group is the only vertically integrated company in the Polish gas sector, holding the leading position in all segments of the country’s gas industry. It is also a significant domestic producer of heat and electricity. The scope of the PGNiG Group’s business comprises exploration for mineral deposits, oil and gas exploration and production, import, storage and distribution of and trade in gas fuels. The PGNiG Group imports gas fuel from Russia and Germany, and is the main producer of natural gas from Polish deposits. The Group’s upstream operations are one of the key contributors to PGNiG’s competitive position on the liberalised gas market in Poland.
For detailed information on the business segments and consolidated entities, see Note 2.
