PSE AND THE ENVIRONMENTOur company in numbers

GRI 102-1
Name of the organization
GRI 102-6
Markets served

We operate nationwide as Polskie Sieci Elektroenergetyczne Spółka Akcyjna (PSE S.A.).

Our clients include:

electric utilities engaged in the generation, storage and trading of electricity,
power distribution system operators (DSOs) with delivery points from the transmission network (DSOp) and without delivery points from the transmission network (DSOn),
end users connected to the transmission network,
power exchanges that operate an exchange-based energy market for the wholesale trading of electricity.

GRI 102-7
Scale of the organization

The scale of PSE operations in numbers

EMPLOYMENT

	2021	2020	2019	2018

Number of PSE employees	2,708	2,627	2,538	2,376

FINANCIAL DATA

	2021	2020	2019	2018

Net revenues from sales (in PLN million)	17,191	9,178	9,106	10,097
Net profit (in PLN million)	1,180	1,170	729	490
Total assets (in PLN million)	25,523	22,471	20,640	20,377
EBITDA (in PLN million)	2,097	2,092	1,513	1,188
TAX EBITDA (in PLN million)	1,841	1,905	1,552	1,312
ROE (net profit / equity)	6.90	7.26	4.82	3.37

NETWORK INFRASTRUCTURE

	2021	2020	2019	2018

Total length of transmission lines (in km)*	15,693	15,318	14,822	14,695
Number of transmission lines (EHV)	295	281	280	267
Number of extra-high voltage substations	110	109	107	106

SERVICES

	2021	2020	2019	2018

Number of transmission service agreements with the entities:	122	124	127	127
connected to the transmission network	45	39	37	34
operating on the electricity balancing market, but not connected to the transmission network	77	85	90	93
Number of agreements on the provision of access to the NPS with DSOs not connected to the transmission network	169	157	157	158
Number of concluded agreements on the connection of new sources to the transmission network	38	32	29	31

In-house indicator Total capacity of new generating sources with valid connection agreements

	2021	2020	2019	2018

Total capacity of new generating sources with valid connection agreements	22,390 MW	18,007 MW	14,775 MW	15,102 MW
Number of agreements on the connection of new generating sources to the transmission network, for which PSE has initiated investment tasks aimed at performing the works necessary for the connection	32	19	20	22

[GRI 102-5] 100% of shares are held by the State Treasury

The share capital of PSE amounts to PLN 9,605,473,000 and has been fully paid-up.

* The line lengths are given on a per-circuit basis.
Tab. 3. The scale of PSE operations in numbers

Economic performance

GRI 103-1
Explanation of the material topic and its Boundary

We implement our strategic objectives and directions by constantly monitoring the results achieved and the level of achievement of key economic and financial indicators. We prepare projections for a medium-term horizon, which allow us to assess the ability to finance the level of expenditures assumed in the Investment Project Plan, considering full implementation of the strategic objectives and operational activities.

GRI 102-7
Scale of the organization
GRI 201-1
Direct economic value generated and distributed

Direct economic value generated including revenues, operating costs, employee remuneration, subsidies and other community investments, undistributed profit and payments to capital owners and state institutions	Value (in PLN)

Revenues (all revenues and profits included in the financial statements)

	2021	2020	2019

Revenues (all revenues and profits included in the financial statements):	17,536,117,157	9,522,394,255	8,966,229,522
Net revenues on sales	17,191,431,351	9,178,228,605	8,801,428,991
Other operating revenues	335,538,851	324,060,880	130,523,044
Financial revenues	9,146,955	20,104,770	34,277,487

Operating expenses

	2021	2020	2019

Operating expenses:	16,088,570,746	8,075,708,779	8,064,622,038
Operating expenses	16,000,844,778	7,981,538,598	7,962,397,582
Other operating expenses	69,410,137	77,062,477	94,602,127
Financial expenses	18,315,831	17,107,704	7,622,329

Operating expenses (after considering the excluded costs)

	2021	2020	2019

Operating expenses (after considering the excluded costs):	15,280,129,392	7,290,479,696	7,311,788,488
exclusions:
Remuneration, social insurance and other benefits	464,407,870	470,484,824	435,833,392
Taxes and charges	312,297,912	310,543,328	312,472,104
Community investments*	26,874,766	2,226,343	0
Interest costs	4,851,202	1,974,588	4,528,054

Payments to investors

	2021	2020	2019

Payments to investors:	0	0	0
Dividend	0	0	0

Payments to state institutions

	2021	2020	2019

Payments to state institutions:	737,390,438	714,241,457	598,670,720
Taxes and charges	312,297,912	310,543,328	312,472,104
Interest costs**	4,851,202	1,974,588	4,528,054
Income tax (current liabilities)	238,952,191	217,318,493	172,249,354
Payment from the profit	181,289,133	184,405,048	109,421,207

Retained value	1,027,305,087	1,044,961,935	619,936,923

* Including donations to counteract COVID-19 and public communication costs incurred during the investment process.
*** In 2021, 91%of PSE's interest costs went directly to the state budget; similarly, in 2020, 99%of PSE's interest costs went directly to the state budget, and in 2019, 98%of PSE’s interest costs went directly to the state budget.

GRI 201-4
Nowe GRI 201-4

The total monetary value of financial support received by the organisation from the state during the reporting period, including at least the amounts of the following:	Value (in PLN)

	2021	2020	2019
subsidies, investment and development grants, other	398,635,676	579,094,500	218,437,990
other financial benefits received from the state	0	86,499	243,805

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PSE AND THE ENVIRONMENTOur company in numbers

Economic performance

PSE as a transmission system operator

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