17.6.2. ORLEN GROUP COMPANIES’ TRANSACTIONS AND BALANCES OF SETTLEMENTS WITH RELATED PARTIES
ORLEN Group companies’ transactions and balances of settlementswith related parties
|
|
Sales |
Purchases |
||
|
2020 |
2019 |
2020 |
2019 |
|
|
Jointly-controlled entities |
2,578 |
3,119 |
(228) |
(136) |
|
joint ventures |
2,485 |
2,982 |
(170) |
(54) |
|
joint operations |
93 |
137 |
(58) |
(82) |
|
|
2,578 |
3,119 |
(228) |
(136) |
|
|
Trade and other receivables |
Trade and other liabilities |
||
|
31/12/2020 |
31/12/2019 |
31/12/2020 |
31/12/2019 |
|
|
Jointly-controlled entities |
394 |
540 |
91 |
16 |
|
joint ventures |
383 |
529 |
70 |
10 |
|
joint operations |
11 |
11 |
21 |
6 |
|
|
394 |
540 |
91 |
16 |
The above transactions with jointly-controlled entities include mainly sales and purchases of refinery and petrochemicals products and of services.
In 2020 and in 2019 there were no related party transactions in the Group concluded on other than an arm’s length basis.
Additionally, in 2020, 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 entities of the ORLEN Group.
In 2020 and as at 31 December 2020, the Group identified the following transactions:
- sale and purchase amounted to PLN 0.7 million and PLN (3.5) million, respectively;
- balance of receivables amounted to PLN 0.07 million;
- balance of liabilities amounted to PLN 0.2 million.
The above transactions concerned mainly the purchases and sales of fuels and diesel oil.
