This version of the Annual Report is a translation from the original which was prepared in the Czech language. All possible care has been taken to ensure that the translation is an accurate representation of the original.
However, in all matters of interpretation of information, views or opinions, the Czech version of the Annual Report takes precedence over this translation.
O2 Czech Republic a.s., further below also as "O2 CZ" or "Company". O2 Slovakia, s.r.o., further below also as "O2 Slovakia".
The O2 Czech Republic Group includes O2 Czech Republic a.s. and its subsidiaries, also as "the Group" or "O2 Group".
Table of Contents Page
Letter by the Chairman of the Board of Directors 5
Financial and operating highlights 8
Calendar of key events 9
Board of Directors' Review of Business 13
Separation of the Company 13
Factors influencing the business and results in 2015 17
Regulation 17
The Czech telecommunication market 19
O2 Czech Republic Group 19
Overview of the O2 Group and the main changes in 2015 19
Slovakia 22
Risk management 23
Products and services 25
Consumer segment 25
Mobile access segment 25
Fixed access segment 26
Corporations and government 27
ICT 28
Payment and financial services 28
Comments on the financial results 29
Corporate Social Responsibility (CSR) 34
O2 Group Business Principles 34
Market conduct and consumer care 34
Caring for employees and the workplace environment 35
Caring for the environment 36
Caring for the communities 37
Corporate governance 39
Corporate governance of the O2 Group 39
Subsidiaries and ownership interests in other companies 39
Organisation structure of O2 Czech Republic a.s. 42
Governing bodies and executive management of the Company 44
General Meeting 44
Board of Directors 46
Supervisory Board 48
Audit Committee 51
Executive management 52
Rules of remuneration of persons with executive powers 54
Other information related to persons with executive powers 56
Information on corporate governance codes of the Company 57
Information on internal control principles and procedures 58
Information required by the Capital Markets Undertaking Act 58
Financial part 64
Consolidated financial statements for the year ended 31 December 2015
prepared in accordance with International Financial Reporting Standards 64
Financial statements for the year ended 31 December 2015 prepared
Other information for shareholders and investors 216
Declaration of persons responsible for the Annual Report 223
in accordance with International Financial Reporting Standards 144
Appendix: Report by the Board of Directors of O2 Czech Republic a.s. on relations between the controlling person and controlled person and between the controlled person and persons controlled by the same controlling person for the accounting period of 2015 pursuant to Sec 82 et seq. of the Act No. 90/2012 Coll., on Commercial Companies
and Cooperatives, as amended (the "Report on Relations") 224
O2 Czech Republic a.s. issued this content on 18 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 February 2016 15:37:09 UTC
Original Document: http://www.o2.cz/_pub/57/9c/e5/462174_1121722_VZ15_EN_18_02.pdf