“There is no justification for spending 45 million zlotys”

Not having a thorough legal study like Mrs. Dulkiewicz, sub-hired by “dear Gdańsk citizens” to manage the municipal policy, not a pan-European one, I turn on the flashlight in the Gdańsk twilight.

So as not to go astray.

It has been known for 30 years that in January 2023 contract will expire the commune of Gdańsk with the company Saur Neptun Gdańsk, in which the commune has 49 percent. shares, and the company Francoisa Bougues’a 51.

Each day out of 10,950 days of its commercial existence, provided in the past by ignorant Gdańsk people, decreased its transaction value, regardless of the current utility values ​​of selling water to the citizens of Gdańsk and Sopot.

Thus, by buying back the Sauru shares in 1993, each buyer could buy its guaranteed income for the 1930s. And the profits, because the sale of water and sewage is a comfortable monopoly to relieve the market pain.

When buying 51 percent. of shares in 2013, the right to the revenues from the remaining 10 years guaranteed by the contract was acquired. Even converting to euro, it is still remarkable PLN 2.5 billion in cash and approx. PLN 90 million of profit remaining at the free disposal of the shareholder.

By deciding to make the transaction in 2021, 384 days before the end of the contract, which formed the basis of the company’s fair market value and the horizon of its economic shelf life, Dulkiewicz and economist Grzelak can only buy the right to PLN 300 million in revenues and approx. PLN 7 million in profit .

If, on the other hand, the transaction date is January 19, 2023, then the spending of PLN 45 million – a 7-year profit – has no justification.

In addition to insuring your own passivity.

For goodwill, the market capacity of a company without a contract, becomes negative. Its book value remains. Valuation of other assets in new circumstances should be subject to retail financial devaluation.

Not having its own water for sale, the SNG becomes an economic dummy on January 20, 2023. The commune of Gdańsk has water, the commune of Gdańsk has pipes, and the knowledge of water supply and its accounting should be carried out by a smaller partner.

His well-paid delegates in the company’s bodies – from Jacek Skarbek to Iwona Bierut and Izabela Kuś, and vice-president J. Kieloch, who survived the French presidents – performed Gdańsk duties in the SNG.

By proposing to the councilors to spend public money on severance pay for a French partner, a PO politician, Piotr Grzelak not very much alive with memories of an SNG sponsored trip to Madrid?

After the accident in 2018, the responsible host of Gdańsk, responsible for municipal policy and not bloating identity and freedom, was obliged to prepare his own water supply service.

In the light of the proposal submitted, in the absence of any negotiation protocols, the state of these preparations seems obvious.

PS. To the simple questions of the Civic Network for public information, a spokeswoman for SNG proudly stated that it has the status of an independent, private joint-stock company and does not use financing from public sources. Well, after January 19, 2023, he will do well without the Gdańsk contract.

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