Scope of activities

In 2011, the gross combined (pro forma) income of all subsidiaries and associated companies of Invalda Group increased EUR 202.7 m (LTL 700 m), the entities employed more than 2.2 thousand persons.

From the outset of its activities, Invalda had implemented several tens of entity acquisition and sale transactions, capital attraction deals the total value whereof was about EUR 1 bn (LTL 3.45 bn) .

The revenue and profit data include the results of all entities in which Invalda holds a controlling or material interest (over 20 percent) that enables Invalda to exercise its significant influence upon the entity management. The transaction values also include the entities upon which Invalda currently or had in the past exercised a significant influence. The official financial statements consolidate the results of the entities in which Invalda holds a controlling interest.

 Meanwhile, in the official reports companies where Invalda is a majority shareholder are consolidated and revenues of associated companies are not recognized.

Financial statements are available at Investors' section