In June 2015, the court registered the share issue of Zakłady Azotowe Chorzów S.A. („ZACh”) to Grupa Azoty PUŁAWY for PLN 28 700 thousand, paid in cash. Grupa Azoty PUŁAWY increased its interest in ZACh from 85% to 92.33%. The carrying amount of ZACh’s net assets at the time of the transaction amounted to approximately PLN 101 million. In December 2015, the court registered the share issue of GZNF „Fosfory” Sp. z o.o. („Fosfory”) to Grupa Azoty PUŁAWY for PLN 30 000 thousand, paid in cash. Grupa Azoty PUŁAWY increased its interest in Fosfory from 98.43% to 99.13%. The carrying amount of Fosfory’s net assets at the time of the transaction amounted to approximately PLN 179 million. The Group recognised a decrease in non-controlling interest and increased its retained earnings by the total amount of PLN 3 130 thousand.

In December 2015, Grupa Azoty S.A. acquired 3.2% shares in Grupa Azoty SIARKOPOL for PLN 12 048 thousand in cash, increasing its share from 85% to 88.2%. The carrying amount of Grupa Azoty SIARKOPOL’s net assets of at the time of settlement of the transaction amounted to approximately PLN 397 625 thousand. The Group recognised a decrease in non-controlling interest of PLN 12 724 thousand and increased retained earnings by PLN 676 thousand.

In total, the Group recognised a decrease in non-controlling interest of PLN 15 854 thousand and increased retained earnings by PLN 3 806 thousand.

Non-controlling interests