By the end of 2004 the Company had stock or shares in 40 companies (currently 38) - 10 of which are the so called subsidiaries - PKE SA held (directly or indirectly) over 50% of votes during General Meetings of those, 17 are associate companies in which PKE SA held 20 - 50% of votes during General Meetings and in case of the remaining 13 companies, PKE SA held up to 20% of votes during General Meetings.