Consolidated financial statements Notes to the financial statements 50. Transactions with Related Undertakings in which the State Treasury Holds a Stake

50. Transactions with Related Undertakings in which the State Treasury Holds a Stake

Transactions with related undertakings in which the State Treasury holds a stake are executed on standard market terms.

Transactions between the Group and material(1) related undertakings in which the State Treasury holds a stake:

(PLN ‘000) Sales to related undertakings
incl. excise duty and fuel charge
Purchases from related undertakings
 incl. excise duty and fuel charge
Year ended Dec 31 2009 21,799 176,718
Year ended Dec 31 2008 30,872 207,709

(PLN ‘000)
Net receivables from related undertakings Payables to
related undertakings
Dec 31 2009 2,311 8,935
Dec 31 2008 2,116 20,398

(1) i.e. undertakings whose share capital exceeds PLN 100,000 thousand, based on the list of companies in which the State Treasury holds a majority or a 100% stake, prepared as at December 31st 2009 (as at June 30th 2008 and including changes in the structure of associated undertakings in which the State Treasury holds a stake – in the case of the data for 2008).

In 2008 and 2009, the largest transactions with a related undertaking in which the State Treasury holds a stake were the transactions with Przedsiębiorstwo Eksploatacji Rurociągów Naftowych PRZYJAŹŃ S.A.

This is a translation of a document originally issued in Polish

escort bayan muğla aydın escort bayan escort bayan anakkale balıkesir escort bayan escort tekirdağ bayan escort bayan gebze escort bayan mersin buca escort bayan edirne escort bayan