Portfolio Composition

Top 10 assets held by RS and SSH by book value of equity as of 31 Dec. 2019

 

Capital asset	Pillar	Ownership stake of RS* SSH as at31 Dec. 2019	Book value of shareholdings as at 31 Dec. 2019 (EUR) *	Proportion in total portfolio
DARS, D. D.	TRANSPORT	100,00 %	2,863,136,409	27,70 %
HSE, D. O. O.	ENERGY SECTOR	100,00 %	1,064,640,823	10,30 %
GEN ENERGIJA, D. O. O.	ENERGY SECTOR	100,00 %	859,934,217	8,32 %
ABANKA, D. D.	FINANCIAL SECTOR	100,00 %	578,837,000	5,60 %
SLOVENSKE ŽELEZNICE, D. O. O.	TRANSPORT	100,00 %	541,144,770	5,24 %
ZAVAROVALNICA TRIGLAV, D. D.	FINANCIAL SECTOR	62,57 %	495,550,368	4,79 %
SID BANKA, D. D.	FINANCIAL SECTOR	99,41 %	461,119,051	4,46 %
NLB, D. D.	FINANCIAL SECTOR	25,00 %	432,724,250	4,19 %
TELEKOM SLOVENIJE, D. D.	TURIZEM IN GOSPODARSTVO	66,80 %	394,679,914	3,82 %
POŠTA SLOVENIJE, D. D.	TRANSPORT	100,00 %	329,639,461	3,19 %
SKUPAJ			8,021,406,264	77,61 %

** Note: In case of consolidated statements, book-value of Group equity was taken into account.

*Excluding companies in bankruptcy or liquidation.

 

Composition of the portfolio under management as at 31 Dec. 2019 – by pillars (industries)

The portfolio of RS and SSH capital assets is divided into four pillars: each of the Transport and Energy sector Pillars comprise more than 30% of the SSH’s portfolio and, taken together, more than 70% (see graph below). After the partial sale of NLB in 2018, the proportion of the Financial Pillar decreased, and, at the end of 2019, the proportion of Tourism and Economy remained below 10%.

Graph: Portfolio composition as at 31 December 2019 - by pillars (industries) Similarly as at the end of 2018, SOEs from Transport and Energy Sector represent the great majority of capital assets under management as at 31 December 2019 (70.1% of the total portfolio).