2.3 Non-controlling interest

The table below presents the subsidiaries with non-controlling interest:

Name of entity 31 December 2015 31 December 2014
Alior Bank 1) 70.78% 2) n/a
Centrum Medyczne Gamma sp. z o.o.   39.54% n/a
Proelmed 43.00% 43.00%
SU Krystynka 0.91% 1.42%
UAB PZU Lietuva Gyvybes Draudimas 0.66% 0.66%
Lietuvos Draudimas AB 0.02% 0.02%
AAS Balta 0.01% 0.01%
Prof-Med 0.00% 3.55%
Elvita 0.00% 1.18%
PZU Lithuania n/a 0.12%

1) Alior Bank ownes subsidiaries: Alior Services sp. z o.o, Centrum Obrotu Wierzytelnościami sp. z o.o., Alior Leasing sp. z o.o., Meritum Services ICB SA, Money Makers SA (non-controlling interest at this entity amounted to 85.51%), New Commerce Services sp. z o.o.

2) Value of non-controlling interest of Alior Bank was disclosed after taking into account tranche III in the purchase price allocation for Alior Bank as at the day of acquiring control. As at 31 December 2014, the carrying amount of non-controlling interest at Alior Bank was settled at PLN 2,249,609 thousand.

structure_of_pzu_group_2_pzu2015.xlsx

The below table presents consolidated financial data (at provisionally determined fair value) of Alior Bank Group included in the consolidated financial statements.

Assets 31 December 2015
Intangible assets 581,706
Other assets 109,378
Tangible assets 228,955
Financial assets 35,844,054
Available for sale 4,866,713
Measured at fair value through profit or loss 390,569
Hedging derivatives 139,578
Loans 30,447,194
Deferred tax assets 329,184
Receivables, including insurance receivables 484,862
Cash and cash equivalents 2,089,579
Assets held for sale 888
Total assets 39,668,606
structure_of_pzu_group_3_pzu2015.xlsx

Equity and liabilities 31 December 2015
Equity  
Issued share capital and other equity attributable to the owners of the parent entity  
Share capital 727,075
Other reserves 2,479,793
Unappropriated result (28,413)
Non-controlling interest 1,240
Total equity 3,179,695
   
Liabilities  
Provisions for employee benefits 26,269
Other provisions 8,731
Financial liabilities 35,921,048
Current income tax liabilities 21,776
Other liabilities 511,087
Total liabilities 36,488,911
Total equity and liabilities 39,668,606
structure_of_pzu_group_4_pzu2015.xlsx

Due to the acquisition of Alior Bank along with its subsidiaries, from 18 December 2015 (the purchase price allocation and goodwill calculation prepared based on the data as of 31 December 2015) the data from the statement of profit or loss and other comprehensive income, as well as from cash flow statement, are not presented since they did not exert any effect on the consolidated financial statements.

In the period when PZU Group controlled Alior Bank, Alior Bank did not pay out dividends.

In 2014, there were no subsidiaries in PZU Group for which non-controlling interest would be material to PZU Group.