76
77
Annual Financial Statements
3.9.1 Foundation & Acquisition
-
On 17/03/2015, the 50% Group’s subsidiary company, METKA
S.A., founded METKA RENEWABLES LIMITED., in which she’s a
shareholder of 100%. The incorporation of the foresaid company
in the consolidated financial statements was made using the full
consolidation method.
-
On 01/04/2015, the 50% Group’s subsidiary company, METKA
S.A., founded RIVERA DEL RIO., in which she’s a shareholder of
50%. The incorporation of the foresaid company in the consoli-
dated financial statements was made using the full consolidation
method.
-
On 19/05/2015, the 50% Group’s subsidiary company, METKA
S.A., founded METKA-EGN ALTD (CYPRUS) in which she’s a
shareholder of 50,1%. The incorporation of the foresaid company
in the consolidated financial statements was made using the full
consolidation method.
-
On 08/06/2015, the 50% Group’s subsidiary company, METKA
S.A., founded METKA-EGN ALTD (ENGLAND) in which she’s a
shareholder of 50,1%. The incorporation of the foresaid company
in the consolidated financial statements was made using the full
consolidation method.
-
On 20/05/2015 MYTILINEOS FINANCE S.A. ,subsidiary company
of MYTILINEOS S.A., had its share capital increased by 115k
€
.
-
In December 2015, SOMETRA S.A., contributed the Zinc-Lead
activity, through a spin – off process, to its newly established sub-
sidiary Reycom Recycling S.A. (REYCOM). The said spin - off is
part of the “Mytilineos Group” restructuring process, regarding the
Zinc-Lead discontinued operation, targeting on the production of
Zn & Pb oxides through the development of a recycling operation
of metallurgical residues.
3.9.2 Sale and other changes
-
The 31/03/2015 was set as the settlement date
of the subsidiary company of Protergia Group,
Hydroelectric Station PEPONIAS SA.
-
The 03/09/2015 was set as the settlement date
of the Group’s subsidiary company “INDUSTRI-
AL RESEARCH PROGRAMS VEAT”.
-
In order to initiate the settlement procedure of
the Group’s subsidiary company, “KATAVATIS
RENEWABLE ENERGY SOURCES S.A.”, the
prefecture’s decision is expected.
3.9.3 Important non-controlling interests
On the table below, the analysis of the non-control-
ling interests in Group’s Subsidiaries:
SUBSIDIARY
% of NCI
Total comprehensive income
allocated to NCI
Accumulated NCI
31.12.2015 31.12.2014 31.12.2015 31.12.2014 31.12.2015 31.12.2014
GROUP METKA
50%
50%
34,305
45,136
213,704
192,377
KORINTHOS POWER S.A.
35%
35%
(6,607)
2,744
38,790
45,396
M & M GAS Co S.A.
50%
50%
416
2
984
567
NAME OF SUBSIDIARIES,
ASSOCIATES AND JOINT VENTURES
COUNTRY OF
INCORPORATION PERCENTAGE CONSOLIDATION
METHOD
45 AIOLIKI SIDIROKASTROU S.A.
Greece
80.20%
Full
46 HELLENIC SOLAR S.A.
Greece
100.00%
Full
47 SPIDER S.A.
Greece
100.00%
Full
48 GREEN ENERGY A.E.
Greece
80.00%
Full
49 MOVAL S.A.
Greece
100.00%
Full
50 PROTERGIA THERMOELECTRIC (former ARGYRITIS GEA S.A.)
Greece
100.00%
Full
51 ANEMOSTRATA RENEWABLE ENERGY SOURCES S.A.
Greece
100.00%
Full
52 ANEMODRASI RENEWABLE ENERGY SOURCES S.A.
Greece
100.00%
Full
53 ANEMORAHI RENEWABLE ENERGY SOURCES S.A.
Greece
100.00%
Full
54 ANEMOSKALA RENEWABLE ENERGY SOURCES S.A.
Greece
100.00%
Full
55 KATAVATIS RENEWABLE ENERGY SOURCES S.A.
Greece
100.00%
Full
56 HORTEROU S.A.
Greece
100.00%
Full
57 KISSAVOS DROSERI RAHI S.A.
Greece
100.00%
Full
58 KISSAVOS PLAKA TRANI S.A.
Greece
100.00%
Full
59 KISSAVOS FOTINI S.A.
Greece
100.00%
Full
60 AETOVOUNI S.A.
Greece
100.00%
Full
61 LOGGARIA S.A.
Greece
100.00%
Full
62 IKAROS ANEMOS SA
Greece
100.00%
Full
63 KERASOUDA SA
Greece
100.00%
Full
64 AIOLIKH ARGOSTYLIAS A.E.
Greece
100.00%
Full
65 M & M GAS Co S.A.
Greece
50.00%
Full
66 J/V ΜΕΤΚΑ – ΤΕRΝΑ
Greece
5.00%
Equity
67 KORINTHOS POWER S.A.
Greece
65.00%
Full
68 KILKIS PALEON TRIETHNES S.A.
Greece
100.00%
Full
69 ANEMOROE S.A.
Greece
100.00%
Full
70 PROTERGIA ENERGY S.A.
Greece
100.00%
Full
71 PROTERGIA AGIOS NIKOLAOS POWER SA OF GENERATION AND
SUPPLY OF ELECTRICITY
Greece
100.00%
Full
72 SOLIEN ENERGY S.A.
Greece
100.00%
Full
73 OSTENITIS S.A. (former ALUMINIUM OF GREECE S.A.)
Greece
100.00%
Full
74 THERMOREMA S.A.
Greece
40.00%
Equity
75 FTHIOTIKI ENERGY S.A.
Greece
31.50%
Equity
76 METKA RENEWABLES LIMITED
Cyprus
50.00%
Full
77 IONIA ENERGY S.A.
Greece
49.00%
Equity
78 ELECTRON WATT S.A.
Greece
10.00%
Equity
79 BUSINESS ENERGY TRIZINIA S.A.
Greece
49.00%
Equity
80 AIOLIKH TRIKORFON S.A.
Greece
100.00%
Full
81 MAKRYNOROS ENERGEIAKH S.A.
Greece
100.00%
Full
82 RIVERA DEL RIO
Panama
25.00%
Full
83 METKA-EGN LTD
Cyprus
25.05%
Full
84 METKA-EGN LTD
England
25.05%
Full
85 METKA-EGN SpA
Chile
25.05%
Full
86 METKA-EGN USA LLC
Puerto Rico
25.05%
Full
87 REYCOM S.A.
Romania
92.79%
Full
