Orlen Integrated Report 2020
Orlen Integrated Report 2020
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The ORLEN Group and its environment
Our report
Concept and key functionalities
Relevance matrix
GRI content index
Auditor’s opinion
ORLEN Group
Letter from the President of the Management Board
About the ORLEN Group
Shares and shareholding structure
Values and Standards of Conduct
Business model
Research and development
Operating segments
Energy
Refining
Petrochemicals
Logistics assets
Supply sources
Retail
Upstream
Corporate Functions
Our products, services and brands
Our markets
Our capitals
Financial capital
Human Capital
Manufactured capital
Intellectual capital
Social capital
Natural capital
Value creation
Our environment
Our stakeholders
Macroeconomic environment
Market environment
Competitive environment
Regulatory environment
Organisations and associations
Governance principles
Letter from the Chairperson of the Supervisory Board
Remuneration of Management and Supervisory Board Members
ORLEN Group structure
Corporate governance
Corporate governance rules
Control, Risk Management and Compliance System
Amendments to the Articles of Association
General Meeting
Management and supervisory bodies
Remuneration policy
Diversity policy
Integrated Management System
Our strategy
Strategic objectives until 2030
Strategic growth directions for the business segments
Summary of strategy implementation in 2020
Delivery of investment plans
Monitoring of strategy implementation
Market prospects in 2021
ESG
Climate
Environment
Society
Human capital
Safety
Governance
Our responsibility
Our commitments
CSR strategy
How we pursue the Sustainable Development Goals 2030
Respecting human rights
Responsibility towards society
Employees and subcontractors
Responsible employer
Safety of employees and contractors
Counteracting corruption and bribery
Suppliers and customers
Responsibility towards suppliers
Responsibility towards customers
Environment and climate
Climate responsibility
Policies and internal regulations
Water and wastewater management
Air emissions
Waste
Capital expenditure
Grievances
Biodiversity protection
Feedstocks and production processes
Energy management
Risks and opportunities
Risk management
Opportunities
Financial Results
Management's discussion and analysis of 2020 financial results
Consolidated financial statements
Consolidated statement of profit or loss and other comprehensive income
Consolidated statement of financial position
Consolidated statement of changes in equity
Consolidated statement of cash flows
Key information
Core business of the ORLEN Group
Basis of preparation of consolidated financial statements
Functional and presentation currency of the financial statements and currency translation rules applied to financial data for consolidation purposes
Accounting principles
Effect of changes to IFRSs on the consolidated financial statements of the ORLEN Group
Differences between data disclosed in the consolidated financial statements and previously prepared and published financial statements
ORLEN Group structure
Financial condition of the Group
Impact of coronavirus pandemic on the orlen group’s operations
Financial and operating results
Segment data
Business segments
Revenues, costs, financial results, increases in non-current assets
Assets by operating segments and geographical areas
Notes and other information
Notes to the statement of profit or loss and other comprehensive income
Notes to the statement of financial position
Explanatory notes to the financial instruments and financial risk
Other notes
Notes to the statement of cash flows
Outlook 2021 +
NOTES TO THE STATEMENT OF FINANCIAL POSITION
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Financial Results
Notes and other information
Notes to the statement of financial position
Capitals:
Financial
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Explanatory notes to the statement
of financial position
14.1. Property, plant and equipment
14.2. Intangible assets
14.3. Investments in jointly controlled entities and associates
14.4. Impairment of property, plant and equipment, intangible assets and right-of-use assets
14.5. Net working capital
14.6. Cash and cash equivalents
14.7. Loans, borrowings and bonds
14.8. Net debt and equity management
14.9. Equity
14.10. Derivatives and other assets and liabilities
14.11. Provisions
Notes to the statement of profit or loss and other comprehensive income
Explanatory notes to the financial instruments and financial risk
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