10. OPERATING SEGMENTS
REFINING
- Refinery products processing and wholesale
- Oil production and sale
- Supporting production
ENERGY
- Production, distribution and sales of electricity and heat
- Supporting production
UPSTREAM
- Exploration and extraction of mineral resources
PETROCHEMICAL
- Production and wholesale of petrochemicals
- Production and sale of chemicals
- Supporting production
RETAIL
- Fuel station activities
- RUCH Group activities
CORPORATE FUNCTIONS
- Management
- Administration
- Remaining activities, i.e. reconciling items
SELECTED ACCOUNTING PRINCIPLES
Assessments of the operating segments’ financial results and decisions on allocation of resources are performed mainly on the basis of EBITDA. EBITDA is one of a measure of the efficiency of the activity, which is not defined in the IFRS. The ORLEN Group defines EBITDA as net profit/(loss) for the reporting period before taking into account the impact of the income tax, effects of financing activities and depreciation and amortization costs.
Revenues from transactions with external customers and transactions with other segments are carried out on an arm’s length basis.
