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
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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
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