The above transactions with jointly-controlled entities include mainly sales and purchases of refinery and petrochemicals products and of services.
Additionally, in 2022, based on submitted declarations, there were transactions between entities, in which key positions were held by close relatives with the other key management personnel of the Parent Company and ORLEN Group companies and entities of the ORLEN Group.
In 2022 and as at 31 December 2022, the Group identified the following transactions:
- sale amounted to PLN 2 million
- purchase amounted to (10) million;
- balance of receivables amounted to PLN 0.2 million;
- balance of liabilities amounted to PLN 3 million
The above transactions concerned mainly the purchases and sales of of fuels, fuel additives, diesel oil, heat, pellets and foil.
Additionally, in 2022, on the basis of a declaration submitted by the managing person, a link was indicated in terms of shares held in a related party, demonstrated by a relative of a key personnel member of the ORLEN Group. The number of shares shown as at 31 December 2022 amounted to 8000 pieces with a nominal value of PLN 0.8 million.
In 2022 and in 2021 there were no related party transactions in the Group concluded on other than an arm’s length basis.
