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INFOLINE801 77 29 29

PKP Energetyka S.A. was awarded the 2012 Forbes Diamond

PKP Energetyka S.A. received the “2012 Forbes Diamond” award for the rapid growth in value in the years of 2008-2010 for companies with revenues above PLN 250 million. On behalf of the company, the statuette was accepted by Tadeusz Skobel, President of the Management Board.

”This is a very important distinction for us, since it emphasises and acknowledges the legitimacy of company development strategy adopted by the Management Board. PKP Energetyka S.A., as the largest nationwide competitive supplier of electricity, must undergo continuous development, which is reflected, among other things, in:
a further increase in the volume of electricity sold from 4.1 TWh in 2010 to 5.4 TWh in 2011”
says Tadeusz Skobel, President of the Management Board of PKP Energetyka S.A. ”This award is mainly due to all our employees, whom I would like to give my sincere thanks for their efficient work” he added.

Forbes research methodology

Forbes Diamond Awards are given in three categories: more than PLN 250 million revenue, from PLN 50 to 250 million and from PLN 5 to 50 million.

Analyses of business entities were carried out by Dun & Bradstreet Poland based on the reports submitted to the National Court Register in 2011.  On this basis, a database of companies that have been granted a positive rating on reliability was created:
- they are profitable (based on EBIT and ROA),

- they are characterised by a high current liquidity, they are not in arrears with payments,

- they show a positive financial result and own capital value in years.
Financial companies were eliminated due to differences in the balance categories existing between them and production or commercial companies. Public sector institutions were also eliminated/removed.

Companies that increased their value at the fastest pace were included in the list of Diamonds. The goodwill was calculated on the basis of so-called ‘Swiss method’, combining the property and income method. The first one does not evaluate the potential of employees and know-how. Valuation on the basis of profits does not take into account, for example, sensitivity to seasonal changes. Companies that are developing and investing may have low profits. The combination of methods removes those deficiencies. Companies’ goodwill  is a weighted average value of their assets and income. The assets were priced based on the arithmetic mean of the liquidation value and net book value, which by value corresponds to the amount of own capital decreased by intangible and legal assets. The income value is the average of the 2008-2010 profits. The increase in goodwill is determined by the weighted average: growth in the years of 2009-2010 is twice as much important than that of 2008-2009.

Development of this year's ranking was completed in November. In the list of 2012 Forbes Diamonds, there were 2,051 companies in total (181 in the category of large companies, 556 in the category of medium-sized companies and 1,314 small-sized companies).

Last modified: 2/29/2016