Report on the Operations of the Petrol Group and the Company Petrol D.D., Ljubljana in the First Three Months of 2013
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Report on the operations of the Petrol Group and the company Petrol d.d., Ljubljana in the first three months of 2013 May 2013 WorldReginfo - fad5fa1d-4579-4fd8-9077-568c90545831 Report on the operations of the Petrol Group and the company Petrol d.d., Ljubljana in the first three months of 2013 CONTENTS STATEMENT OF THE MANAGEMENT BOARD ............................................................................. 4 INTRODUCTORY NOTES .............................................................................................................. 5 HIGHLIGHTS .................................................................................................................................. 7 Significant performance indicators for the Petrol Group ..................................................... 8 BUSINESS REPORT .................................................................................................................... 10 Operations of the Petrol Group .........................................................................................11 A. Oil and merchandise sales in Slovenia ....................................................................12 The Petrol Group's sales of petroleum products in Slovenia ..........................................12 The Petrol Group’s sales of merchandise in Slovenia ....................................................14 The Petrol Group's sales of services in Slovenia ...........................................................14 B. Oil and merchandise sales in the EU .......................................................................14 The Petrol Group's sales of petroleum products in the EU ............................................14 C. Oil and merchandise sales in SEE markets .............................................................14 The Petrol Group's sales of petroleum products in SEE markets ...................................15 The Petrol Group’s sales of merchandise in SEE markets .............................................16 Procurement and logistics of petroleum products and merchandise ..................................17 D. Energy activities ......................................................................................................17 Gas and heat .................................................................................................................17 Electricity .......................................................................................................................18 Environmental and energy solutions ..............................................................................18 Sustainable development ..................................................................................................20 Employees ....................................................................................................................20 Investments ...................................................................................................................21 The quality management system ...................................................................................22 Social responsibility .......................................................................................................23 Business risks ...................................................................................................................23 Petrol’s shares ..................................................................................................................26 Authorised capital .............................................................................................................29 Contingent increase in called-up capital ............................................................................29 Dividends ..........................................................................................................................29 Own shares ......................................................................................................................30 Regular participation at investors’ conferences and external communication ....................30 Supervisory Board ............................................................................................................30 Other explanations by Petrol d.d., Ljubljana ......................................................................30 Events after the end of the accounting period ...................................................................31 Entered into the Companies Register of the District Court of Ljubljana under entry no. 1/05773/00; Share capital: EUR 52,240,977.04, VAT ID: SI80267432 2/60 WorldReginfo - fad5fa1d-4579-4fd8-9077-568c90545831 Report on the operations of the Petrol Group and the company Petrol d.d., Ljubljana in the first three months of 2013 FINANCIAL REPORT .................................................................................................................... 32 Financial statements of the Petrol Group and the company Petrol d.d., Ljubljana ......................... 33 Notes to individual items in the financial statements ...................................................................... 39 Appendix 1: Organisational structure of the Petrol Group .................................................60 Entered into the Companies Register of the District Court of Ljubljana under entry no. 1/05773/00; Share capital: EUR 52,240,977.04, VAT ID: SI80267432 3/60 WorldReginfo - fad5fa1d-4579-4fd8-9077-568c90545831 Report on the operations of the Petrol Group and the company Petrol d.d., Ljubljana in the first three months of 2013 STATEMENT OF THE MANAGEMENT BOARD Members of the Management Board of Petrol d.d., Ljubljana, which comprises Tomaž Berločnik, President of the Management Board, Rok Vodnik, Member of the Management Board, Janez Živko, Member of the Management Board, and Samo Gerdin, Member of the Management Board/Worker Director, declare that to their best knowledge: − the financial report of the Petrol Group and Petrol d.d., Ljubljana for the first three months of 2013 has been drawn up in accordance with International Financial Reporting Standards and gives a true and fair view of the assets and liabilities, financial position, financial performance and comprehensive income of the company Petrol d.d., Ljubljana and other companies included in the consolidation as a whole; − the business report of the Petrol Group and Petrol d.d., Ljubljana for the first three months of 2013 gives a fair view of the development and results of the Company’s operations and its financial position, including the description of significant risks that the company Petrol d.d., Ljubljana and other companies included in the consolidation are exposed to as a whole; − the report of the Petrol Group and the company Petrol d.d., Ljubljana for the first three months of 2013 contains a fair presentation of significant transactions with related entities, which has been prepared in accordance with International Financial Reporting Standards. Tomaž Berlo čnik President of the Management Board Rok Vodnik Member of the Management Board Janez Živko Member of the Management Board Samo Gerdin Member of the Management Board/Worker Director Entered into the Companies Register of the District Court of Ljubljana under entry no. 1/05773/00; Share capital: EUR 52,240,977.04, VAT ID: SI80267432 4/60 WorldReginfo - fad5fa1d-4579-4fd8-9077-568c90545831 Report on the operations of the Petrol Group and the company Petrol d.d., Ljubljana in the first three months of 2013 INTRODUCTORY NOTES Publication of the report on the operations of the Petrol Group and the company Petrol d.d., Ljubljana, Dunajska 50, in the first three months of 2013 is in compliance with the Markets in Financial Instruments Act, the Ljubljana Stock Exchange Rules, Guidelines on Disclosure for Listed Companies and other relevant legislation. The figures and explanation of the operations have been prepared on the basis of unaudited consolidated financial statements of the Petrol Group and unaudited financial statements of the company Petrol, d.d., Ljubljana for the first three months of 2013 in compliance with the Companies Act and International Financial Reporting Standards (IFRS). Subsidiaries are included in the consolidated financial statements prepared in accordance with IFRS on the basis of the full consolidation method, while jointly controlled entities and associates are included on the basis of the equity method. In the stand-alone financial statements prepared in accordance with IFRS, investments in subsidiaries are carried at historical cost, while investments in jointly controlled entities and associates are carried at fair value as available-for-sale assets. The report on the operations in the first three months of 2013 has been published on the website of Petrol d.d., Ljubljana (http://www.petrol.en) and is available on demand at the registered office of Petrol d.d., Ljubljana, Dunajska cesta 50, 1527 Ljubljana, every working day between 8 am and 3 pm. The Company’s Supervisory Board discussed the report on the Company’s operations in the first three months of 2013 at its meeting held on 15 May 2013. Table 1: Profile of the parent company Petrol d.d., Ljubljana Company name Petrol, Slovenska energetska družba, d.d., Ljubljana Abbreviated company name Petrol d.d., Ljubljana Registered office Dunajska cesta 50, 1527 Ljubljana Phone (01) 47 14 234 Fax (01) 47 14 809 Website http://www.petrol.en Activity code 47.301 Company registration number 5025796000 VAT ID SI 80267432