The Petrol Group | Petrol d.d. | ||||||
Change of presentation | Change of | ||||||
31 December | 31 December | 31 December | presentation | 31 December | |||
2022 | Other | Deferred | 2022 | 2022 | Deferred | 2022 | |
(in EUR) | Published | provisions | income | Restated | Published | income | Adjusted |
EQUITY AND LIABILITIES | |||||||
Total equity | 860,166,621 | - | - | 860,166,621 | 597,990,971 | - | 597,990,971 |
Non-current liabilities | 591,970,768 | - | - | 591,970,768 | 444,144,456 | - | 444,144,456 |
Current liabilities | 1,288,467,028 | - | - | 1,288,467,028 | 1,091,489,992 | - | 1,091,489,992 |
Other provisions | - | 785,846 | - | 785,846 | - | - | - |
Deferred income | - | - | 4,770,243 | 4,770,243 | - | 4,643,206 | 4,643,206 |
Other liabilities | 38,118,918 | (785,846) | (4,770,243) | 32,562,829 | 35,125,073 | (4,643,206) | 30,481,867 |
Total liabilities | 1,880,437,796 | - | - | 1,880,437,796 | 1,535,634,448 | - | 1,535,634,448 |
Total equity and liabilities | 2,740,604,417 | - | - | 2,740,604,417 | 2,133,625,419 | - | 2,133,625,419 |
Number of | ||||
No. | Country | concessions | Description of the agreement | Area |
1 | Slovenia | 12 | Concession agreements for heat generation and distribution | Heating systems |
Concession agreement for the construction of a central wastewater treatment | ||||
plant for the treatment of municipal wastewater and rainwater in the territory of | ||||
2 | Slovenia | 4 | individual municipalities | Wastewater treatment |
3 | Slovenia | 31 | Concession agreement – Natural gas distribution | Natural gas |
Agreement on the financing of the design, construction and operation of a gas | ||||
4 | Serbia | 5 | distribution system and the performance of activities of general interest | Natural gas |
Amount of | Amount of | Value of the | Value of the | |||
Concession | Duration of | revenue in 2023 | revenue in 2022 | concession fee | concession fee | |
No. | period | concessions | in EUR | in EUR | for 2023 in EUR | for 2022 in EUR |
1 | from 2003 to 2044 | 10 to 35 years | 9,166,197 | 6,399,774 | 36,682 | 36,942 |
2 | from 1999 to 2043 | 25 to 30 years | 3,502,234 | 2,792,970 | 6,545 | 15,896 |
3 | from 1994 to 2055 | 28 to 35.5 years | 11,448,148 | 12,238,569 | 644,030 | 815,068 |
from 1997 | ||||||
4 | onwards | open-ended | 933,531 | 1,040,560 | - | - |
(in %) | 2023 | 2022 |
Right to use concession infrastructure | 2.00-20.00 | 2.00-20.00 |
Material and other rights | 3.33-33.33 | 3.33-33.33 |
(in %) | 2023 | 2022 |
Buildings: | ||
Buildings at service stations | 2.50-10.00 | 2.50-10.00 |
Above-ground and underground reservoirs | 1.00-25.00 | 1.00-25.00 |
Underground service paths at service stations | 5.00-14.30 | 5.00-14.30 |
Other buildings | 1.50-16.67 | 1.50-16.67 |
Machinery: | ||
Pumping equipment at service stations | 5.00-25.00 | 5.00-25.00 |
Freight cars, rail tankers | 25.00 | 25.00 |
Equipment: | ||
Mechanical and electronic equipment for maintenance of other | 10.00-25.00 | 10.00-25.00 |
Service station equipment equipment | 3.33-20.00 | 3.33-20.00 |
Motor vehicles | 10.00-25.00 | 10.00-25.00 |
Computer hardware | 15.00-25.00 | 15.00-25.00 |
Office equipment, furniture | 6.70-16.10 | 6.70-16.10 |
Small tools | 33.33 | 33.33 |
Environmental fixed assets | 4.00-25.00 | 4.00-25.00 |
(in %) | 2023 | 2022 |
Lands | 3.33-20.00 | 3.33-20.00 |
Buildings | 5.00-20.00 | 5.00-20.00 |
Equipment | 10.00-100.00 | 10.00-100.00 |
Fuels and | ||||||
petroleum | Merchandise | Energy and | Statement of | |||
(in EUR) | products | and services | solutions | Other | Total | profit or loss |
Revenue from contracts with customers | 5,937,520,958 | 520,514,114 | 4,865,131,891 | 12,177,973 | 11,335,344,937 | |
Revenue from subsidiaries | (1,562,312,529) | (405,121) | (310,896,174) | (4,997,616) | (1,878,611,439) | |
Revenue from contracts with customers | 4,375,208,430 | 520,108,993 | 4,554,235,718 | 7,180,357 | 9,456,733,497 | 9,456,733,497 |
Cost of goods sold | (4,160,047,021) | (374,422,267) | (4,528,784,668) | (30,992) | (9,063,284,948) | (9,063,284,948) |
Gross profit | 215,161,408 | 145,686,726 | 25,451,050 | 7,149,365 | 393,448,549 | 393,448,549 |
Operating profit or loss | (32,613,273) | 35,242,851 | (17,442,269) | 6,899,818 | (7,912,872) | (7,912,872) |
Depreciation of PPE, right-of-use assets, inv. property | ||||||
and amortisation of intangible assets | (58,516,998) | (8,544,958) | (28,214,192) | (1,023,922) | (96,300,070) | (96,300,070) |
EBITDA | 18,208,757 | 56,128,063 | 13,369,811 | 8,611,316 | 96,317,947 | 96,317,947 |
Depreciation and amortisation | (96,300,070) | |||||
Net allowance for trade receivables | (7,930,749) | |||||
Share of profit or loss of equity accounted investees | 3,328,395 | |||||
Net finance expense | (5,228,875) | |||||
Profit/(loss) before tax | (9,813,352) |
Fuels and | ||||||
petroleum | Merchandise | Energy and | Statement of | |||
(in EUR) | products | and services | solutions | Other | Total | profit or loss |
Revenue from contracts with customers | 4,356,063,124 | 571,925,022 | 3,412,083,143 | 14,752,951 | 8,354,824,240 | |
Revenue from subsidiaries | (936,954,027) | (706,498) | (426,608,029) | (7,878,847) | (1,372,147,401) | |
Revenue from contracts with customers | 3,419,109,097 | 571,218,524 | 2,985,475,114 | 6,874,104 | 6,982,676,839 | 6,982,676,839 |
Cost of goods sold | (3,065,292,527) | (406,419,814) | (2,832,219,757) | (1,175,922) | (6,305,108,020) | (6,305,108,020) |
Gross profit | 353,816,570 | 164,798,710 | 153,255,357 | 5,698,182 | 677,568,819 | 677,568,819 |
Operating profit or loss | 57,994,007 | 41,952,344 | 76,232,419 | 3,993,903 | 180,172,673 | 180,172,673 |
Depreciation of PPE, right-of-use assets, inv. property | ||||||
and amortisation of intangible assets | (48,133,305) | (20,297,819) | (28,276,584) | (775,236) | (97,482,944) | (97,482,944) |
EBITDA | 105,564,022 | 60,836,359 | 106,588,611 | 4,154,124 | 277,143,116 | 277,143,116 |
Depreciation and amortisation | (97,482,944) | |||||
Net allowance for trade receivables | 512,501 | |||||
Share of profit or loss of equity accounted investees | 3,724,137 | |||||
Net finance expense | (16,102,653) | |||||
Profit/(loss) before tax | 167,794,157 |
Revenue from contracts with | ||||||
customers | Total assets | Net investments | ||||
31 December | 31 December | |||||
(in EUR) | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 |
Slovenia | 3,458,018,821 | 4,017,985,870 | 1,542,384,679 | 1,674,869,418 | 46,668,049 | 35,563,085 |
Croatia | 1,172,473,020 | 1,622,605,372 | 759,107,434 | 735,407,533 | 35,389,310 | 19,592,304 |
Austria | 301,540,807 | 468,110,434 | 4,646,160 | 5,070,379 | - | - |
Bosnia and Herzegovina | 235,040,555 | 355,988,228 | 97,068,583 | 93,997,700 | (723,139) | 357,945 |
Serbia | 144,085,084 | 233,284,499 | 114,836,968 | 116,865,024 | 1,475,326 | 4,046,258 |
Montenegro | 55,910,982 | 83,258,002 | 32,966,853 | 35,279,180 | 125,224 | 227,712 |
Romania | 6,071,194 | 4,279,766 | 586,688 | 508,318 | - | - |
Macedonia | 3,315,895 | 6,457,655 | 234,500 | 228,555 | - | - |
Other countries | 1,606,220,481 | 2,664,763,671 | 1,937,993 | 1,941,861 | - | 7,710 |
6,982,676,839 | 9,456,733,497 | 2,553,769,858 | 2,664,167,968 | 82,934,770 | 59,795,014 | |
Jointly controlled entities | 350,240 | 1,277,748 | ||||
Associates | 59,316,541 | 56,968,277 | ||||
Unallocated assets | 21,826,714 | 18,190,424 | ||||
Total assets | 2,635,263,353 | 2,740,604,417 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Revenue from the sale of goods | 6,857,961,626 | 9,333,350,614 | 5,198,822,748 | 7,224,558,474 |
Revenue from the sale of services | 124,715,213 | 123,382,883 | 104,306,470 | 100,767,046 |
Total revenue | 6,982,676,839 | 9,456,733,497 | 5,303,129,218 | 7,325,325,520 |
Revenue recognised at a point in time | 4,786,235,073 | 7,208,977,321 | 4,244,317,755 | 6,729,852,402 |
Revenue recognised over time | 2,196,441,766 | 2,247,756,176 | 1,058,811,463 | 595,473,118 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Domestic sales revenue | 3,458,018,821 | 4,017,985,870 | 3,062,854,030 | 3,595,285,373 |
EU market sales revenue | 2,851,417,263 | 4,168,513,223 | 2,008,072,223 | 3,093,819,919 |
Non-EU market sales revenue | 673,240,755 | 1,270,234,404 | 232,202,965 | 636,220,228 |
Total revenue | 6,982,676,839 | 9,456,733,497 | 5,303,129,218 | 7,325,325,520 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Fuels and petroleum products | 3,419,109,097 | 4,375,208,430 | 2,883,562,920 | 3,817,278,960 |
Merchandise and services | 571,218,524 | 520,108,993 | 390,975,940 | 368,774,771 |
Energy and solutions | 2,985,475,114 | 4,554,235,718 | 2,018,195,696 | 3,132,243,066 |
Other | 6,874,104 | 7,180,357 | 10,394,662 | 7,028,723 |
Total revenue | 6,982,676,839 | 9,456,733,497 | 5,303,129,218 | 7,325,325,520 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Income from grants, EU projects and other | 7,704,826 | 10,479,093 | 5,579,624 | 5,439,646 |
Gain on disposal of plan, property and equipment | 2,104,425 | 2,826,755 | 1,130,249 | 820,584 |
Compensation received from insurance companies | 471,663 | 269,380 | 66,507 | 28,442 |
Compensation, lawsuits, contractual penalties received | 471,599 | 129,603 | 303,913 | 54,275 |
Repayment of court fees | 130,771 | 123,884 | 89,018 | 100,978 |
Income from the revaluation of oper. liabilities | - | 88,592,347 | - | - |
Total other income | 10,883,284 | 102,421,062 | 7,169,311 | 6,443,925 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Costs of energy | 55,769,955 | 30,102,486 | 46,231,258 | 23,082,756 |
Costs of consumables | 8,663,511 | 8,132,585 | 5,608,842 | 4,954,424 |
Write-off of small tools | 120,466 | 95,790 | 41,100 | 27,675 |
Other costs of materials | 1,061,891 | 1,092,983 | 619,322 | 525,526 |
Total costs of materials | 65,615,823 | 39,423,844 | 52,500,522 | 28,590,381 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Costs of transport services | 42,634,431 | 45,471,308 | 33,358,008 | 34,779,327 |
Costs of service station managers | 37,407,299 | 32,639,895 | 37,407,299 | 32,639,895 |
Costs of fixed-asset maintenance services | 28,527,758 | 28,743,771 | 20,445,917 | 19,723,393 |
Costs of payment transactions and bank services | 15,045,285 | 15,959,548 | 9,342,124 | 10,044,627 |
Lease payments | 12,779,043 | 9,577,561 | 10,283,141 | 8,898,635 |
Costs of intellectual services | 12,536,357 | 11,889,278 | 8,558,328 | 8,008,946 |
Costs of subcontractors | 9,477,976 | 5,304,401 | 8,839,532 | 4,962,756 |
Costs of fairs, advertising and entertainment | 7,356,510 | 7,710,875 | 5,161,353 | 4,844,865 |
Costs of insurance premiums | 6,414,221 | 6,922,009 | 3,764,430 | 4,208,387 |
Costs of environmental protection services | 2,670,500 | 2,496,177 | 1,736,423 | 1,507,812 |
Costs of fire protection, physical and tech. security | 2,222,153 | 2,316,803 | 1,693,822 | 1,555,505 |
Reimbursement of work-related costs to employees | 1,400,158 | 1,463,794 | 802,564 | 864,523 |
Property management | 699,719 | 1,601,807 | 656,329 | 1,200,794 |
Membership fees | 641,322 | 1,633,669 | 224,400 | 245,944 |
Other costs of services | 6,440,033 | 6,406,429 | 3,570,191 | 2,585,819 |
Total costs of services | 186,252,765 | 180,137,325 | 145,843,861 | 136,071,228 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Depreciation of right-of-use assets | 23,510,587 | 21,260,001 | 4,965,531 | 4,347,502 |
Finance expenses | 4,114,463 | 4,557,812 | 1,345,775 | 1,315,973 |
Lease expenses | 12,779,043 | 9,577,561 | 10,283,141 | 8,898,635 |
Total recognised costs/expenses | 40,404,093 | 35,395,374 | 16,594,447 | 14,562,110 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Salaries | 119,524,929 | 100,503,917 | 79,493,944 | 60,753,400 |
Costs of other social insurance | 10,662,405 | 9,309,380 | 5,854,991 | 4,623,943 |
Expense for defined contribution plan | 8,695,348 | 6,842,468 | 7,201,442 | 5,393,248 |
Commuting allowance | 4,992,615 | 4,328,999 | 2,210,355 | 2,064,078 |
Meal allowance | 4,953,298 | 3,813,618 | 2,998,669 | 2,642,735 |
Annual leave allowance | 4,428,085 | 4,038,516 | 3,412,037 | 3,398,196 |
Supplementary pension insurance | 2,189,947 | 1,928,255 | 2,062,367 | 1,800,820 |
Other allowances and reimbursements | 5,115,897 | 4,797,156 | 1,782,002 | 1,452,877 |
Total labour costs | 160,562,524 | 135,562,309 | 105,015,807 | 82,129,297 |
The Petrol Group | Petrol d.d. | |||||
Employees at | Employees at | |||||
third-party | third-party | |||||
managed | managed | |||||
Group | service | Company | service | |||
employees | stations | Total | employees | stations | Total | |
Level I | 38 | 5 | 43 | 14 | 5 | 19 |
Level II | 63 | 21 | 84 | 28 | 21 | 49 |
Level III | 100 | 7 | 107 | 10 | 7 | 17 |
Level IV | 1,777 | 264 | 2,041 | 353 | 264 | 617 |
Level V | 1,836 | 589 | 2,425 | 858 | 589 | 1,447 |
Level VI | 323 | 48 | 371 | 164 | 48 | 212 |
Level VII | 662 | 60 | 722 | 378 | 60 | 438 |
Level VII/2 | 399 | 16 | 415 | 343 | 16 | 359 |
Level VIII | 16 | - | 16 | 7 | - | 7 |
Total | 5,214 | 1,010 | 6,224 | 2,155 | 1,010 | 3,165 |
The Petrol Group | Petrol d.d. | |||||
Employees at | Employees at | |||||
third-party | third-party | |||||
managed | managed | |||||
Group | service | Company | service | |||
employees | stations | Total | employees | stations | Total | |
Level I | 40 | 7 | 47 | 18 | 7 | 25 |
Level II | 80 | 19 | 99 | 33 | 19 | 52 |
Level III | 113 | 4 | 117 | 14 | 4 | 18 |
Level IV | 1,602 | 229 | 1,831 | 377 | 229 | 606 |
Level V | 1,873 | 496 | 2,369 | 900 | 496 | 1,396 |
Level VI | 328 | 54 | 382 | 188 | 54 | 242 |
Level VII | 779 | 37 | 816 | 516 | 37 | 553 |
Level VII/2 | 260 | 10 | 270 | 199 | 10 | 209 |
Level VIII | 14 | - | 14 | 7 | - | 7 |
Total | 5,089 | 856 | 5,945 | 2,252 | 856 | 3,108 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Depreciation of property, plant and equipment | 59,847,239 | 60,365,040 | 31,443,870 | 31,742,704 |
Depreciation of right-of-use assets | 23,510,587 | 21,260,001 | 4,965,530 | 4,347,502 |
Amortisation of intangible assets | 13,039,770 | 13,605,265 | 9,376,280 | 9,749,159 |
Depreciation of investment property | 1,085,348 | 1,069,764 | 654,296 | 677,760 |
Total depreciation and amortisation | 97,482,944 | 96,300,070 | 46,439,978 | 46,517,125 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Environmental charges and charges | ||||
unrelated to operations | 7,543,353 | 7,891,323 | 4,975,245 | 3,567,023 |
Sponsorships and donations | 2,631,382 | 2,404,579 | 2,446,206 | 1,788,066 |
Impairment of inventories | 2,001,290 | 6,194,071 | 1,986,925 | 7,024 |
Loss on sale/disposal of PPE | 1,461,391 | 518,057 | 313,366 | 324,091 |
Impairment of PPE | 596,956 | - | 596,956 | - |
Impairment of investments | 40,558 | - | - | - |
Net allowance for trade receivables | (512,501) | 7,930,749 | 619,233 | 2,990,233 |
Other costs (reversal of other provisions | ||||
and other liabilities) | 37,588,588 | (8,462,620) | 23,795,361 | (593,642) |
Total other costs | 51,351,017 | 16,476,159 | 34,733,292 | 8,082,795 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Gain on commodity derivatives | 207,169,670 | 523,094,819 | 207,414,533 | 525,064,103 |
Loss on commodity derivatives | (153,888,518) | (558,699,150) | (152,231,444) | (551,271,270) |
Gain/(Loss) on derivatives | 53,281,152 | (35,604,331) | 55,183,089 | (26,207,167) |
The Petrol Group | ||
(in EUR) | 2023 | 2022 |
Plinhold d.o.o. | 2,518,732 | 1,646,458 |
Aquasystems d.o.o. | 909,295 | 912,173 |
Knešca d.o.o. | 251,671 | 104,281 |
Total net profit of associates | 3,679,698 | 2,662,912 |
Soenergetika d.o.o. | 44,581 | 912,333 |
Geoenergo d.o.o. | - | (246,684) |
Vjetroelektrana Dazlina d.o.o. | (142) | (166) |
Total net profit of jointly controlled entities | 44,439 | 665,483 |
Total net finance income from interests | 3,724,137 | 3,328,395 |
Petrol d.d. | ||
(in EUR) | 2023 | 2022 |
Petrol Trade Handelsgesellschaft m.b.H. | 887,380 | 423,738 |
Petrol Hidroenergija d.o.o. | 701,048 | 299,422 |
Total subsidiaries | 1,588,428 | 723,160 |
Aquasystems d.o.o. | 905,388 | 814,437 |
Plinhold d.o.o. | 341,533 | - |
Total associates | 1,246,921 | 814,437 |
Soenergetika d.o.o. | 931,389 | 115,217 |
Total jointly controlled entities | 931,389 | 115,217 |
Total finance income from interests | 3,766,738 | 1,652,814 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Foreign exchange differences | 46,446,583 | 80,079,268 | 44,041,710 | 74,011,689 |
Interest income | 16,002,265 | 5,337,485 | 13,198,951 | 5,455,669 |
Gain on currency forward contracts | 9,234,991 | 19,687,756 | 8,888,213 | 19,687,756 |
Loss allowances for financial receivables | ||||
reversed | - | 638,125 | - | 638,125 |
Other finance income | 288,722 | 3,506,782 | 205,521 | 3,525,648 |
Total finance income | 71,972,561 | 109,249,416 | 66,334,395 | 103,318,887 |
Foreign exchange differences | (45,577,172) | (80,848,842) | (41,946,128) | (74,625,841) |
Interest expense | (26,441,063) | (14,427,380) | (23,933,112) | (11,331,719) |
Loss on currency forward contracts | (13,797,458) | (16,294,820) | (9,571,486) | (16,294,820) |
Loss on interest rate swaps | - | (329,734) | - | (329,734) |
Other finance expenses | (2,259,521) | (2,577,515) | (1,686,112) | (2,438,888) |
Total finance expenses | (88,075,214) | (114,478,291) | (77,136,838) | (105,021,002) |
Net finance expense | (16,102,653) | (5,228,875) | (10,802,443) | (1,702,115) |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Current tax expense | (31,323,616) | (4,258,179) | (19,538,911) | (786,831) |
Deferred tax | 81,428 | 11,385,725 | 3,976,082 | 2,346,643 |
Taxes | (31,242,188) | 7,127,546 | (15,562,829) | 1,559,812 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Profit/(Loss) before tax | 167,794,157 | (9,813,352) | 108,368,410 | 17,824,066 |
Tax at the Company’s nominal tax rate | 31,880,890 | (1,864,537) | 20,589,998 | 3,386,573 |
Tax effect of untaxed income | (2,932,381) | (4,750,994) | (2,598,283) | (3,443,483) |
Tax effect of expenses not deducted on | ||||
tax assessment | 6,415,827 | 152,605 | (471,593) | (1,502,902) |
Effect of a changed tax rate on deferred | ||||
taxes | (2,919,097) | - | (1,957,293) | - |
Effect of higher/lower tax rates for | ||||
companies abroad | (1,203,051) | (664,620) | - | - |
Taxes | 31,242,188 | (7,127,546) | 15,562,829 | (1,559,812) |
Effective tax rate | 18.62 % | 72.63 % | 14.36 % | -8.75 % |
Allowance | |||||||||
for rec. and | |||||||||
impairment | Depreciation/ | Lease | |||||||
(in EUR) | Investments | Provisions | of assets | Inventories | Tax loss | amortisation | liabilities | Other | Total |
As at 1 January 2022 | 701,810 | 5,626,768 | 9,269,273 | 114,330 | 986,989 | 52,353 | 11,989,438 | 258,254 | 28,999,215 |
Netting | (5,630,103) | ||||||||
Total net receivables as at 1 January | |||||||||
2022 | 23,369,112 | ||||||||
(Charged)/credited to the statement of | |||||||||
profit or loss | (122,962) | (3,457,283) | (464,664) | 1,062,075 | 8,183,166 | 5,120,454 | 2,188,286 | (29,267) | 12,479,805 |
(Charged)/credited to other | |||||||||
comprehensive income | 3,003,714 | - | - | - | - | - | - | - | 3,003,714 |
Foreign exchange differences | 216 | (17,203) | (3,802) | (274) | (2,011) | - | - | (1,139) | (24,213) |
As at 31 December 2022 | 3,582,778 | 2,152,282 | 8,800,807 | 1,176,131 | 9,168,144 | 5,172,807 | 14,177,724 | 227,848 | 44,458,521 |
Netting | (26,268,097) | ||||||||
Total net receivables as at 31 | |||||||||
December 2022 | 18,190,424 | ||||||||
(Charged)/credited to the statement of | |||||||||
profit or loss | 20,511 | 844,281 | 637,554 | (1,123,149) | (4,647,259) | 2,467,558 | 839,567 | 236,464 | (724,473) |
(Charged)/credited to other | |||||||||
comprehensive income | 770,682 | - | - | - | - | - | - | - | 770,682 |
Foreign exchange differences | (195) | 27 | (278) | 293 | 259 | - | - | 404 | 510 |
As at 31 December 2023 | 4,373,776 | 2,996,590 | 9,438,083 | 53,275 | 4,521,144 | 7,640,365 | 15,017,291 | 464,716 | 44,505,240 |
Netting | (22,678,526) | ||||||||
Total net receivables as at 31 | |||||||||
December 2023 | 21,826,714 |
Right-of-use | |||||
Investments | Fixed assets | assets | Other | Total | |
As at 1 January 2022 | 153,956 | 27,381,250 | 11,989,438 | 48,135 | 39,572,779 |
Netting | (5,630,103) | ||||
Total net liabilities as at 1 January 2022 | 33,942,676 | ||||
Charged/(credited) to the statement of profit or loss | 293 | (1,146,350) | 2,188,286 | 51,094 | 1,093,323 |
Charged to other comprehensive income | 6,337,345 | - | - | - | 6,337,345 |
Foreign exchange differences | (17) | (52,792) | - | - | (52,809) |
As at 31 December 2022 | 6,491,577 | 26,182,108 | 14,177,724 | 99,229 | 46,950,638 |
Netting | (26,268,097) | ||||
Total net liabilities as at 31 December 2022 | 20,682,541 | ||||
Charged/(credited) to the statement of profit or loss | - | (1,117,081) | 410,409 | (99,229) | (805,901) |
Charged/(credited) to other comprehensive income | (1,881,505) | - | - | - | (1,881,505) |
Foreign exchange differences | (292) | 10,908 | - | - | 10,616 |
As at 31 December 2023 | 4,609,780 | 25,075,935 | 14,588,133 | - | 44,273,848 |
Netting | (22,678,526) | ||||
Total net liabilities as at 31 December 2023 | 21,595,322 |
Allowance for | Depreciation/ | |||||
(in EUR) | Investments | Provisions | receivables | amortisation | Other | Total |
As at 1 January 2022 | 642,861 | 3,181,255 | 4,767,482 | - | 170,552 | 8,762,150 |
Netting | (606,636) | |||||
Total net receivables as at 1 January 2022 | 8,155,514 | |||||
(Charged)/credited to the statement of profit or | ||||||
loss | (65,938) | (2,374,477) | (186,129) | 5,120,327 | (147,140) | 2,346,643 |
(Charged)/credited to other comprehensive | ||||||
income | (177,418) | - | - | - | - | (177,418) |
As at 31 December 2022 | 399,505 | 806,778 | 4,581,353 | 5,120,327 | 23,412 | 10,931,375 |
Netting | (6,943,982) | |||||
Total net receivables as at 31 December | ||||||
2022 | 3,987,393 | |||||
(Charged)/credited to the statement of profit or | ||||||
loss | 48,440 | 371,890 | 656,023 | 2,461,885 | (23,412) | 3,514,826 |
(Charged)/credited to other comprehensive | ||||||
income | (92,718) | - | - | - | - | (92,718) |
As at 31 December 2023 | 355,227 | 1,178,668 | 5,237,376 | 7,582,212 | - | 14,353,483 |
Netting | (4,600,925) | |||||
Total net receivables as at 31 December | ||||||
2023 | 9,752,558 |
(in EUR) | Investments | Fixed assets | Total |
As at 1 January 2022 | 145,380 | 461,256 | 606,636 |
Netting | (606,636) | ||
Total net liabilities as at 1 January 2022 | - | ||
(Charged)/credited to other comprehensive income | 6,337,346 | - | 6,337,346 |
As at 31 December 2022 | 6,482,726 | 461,256 | 6,943,982 |
Netting | (6,943,982) | ||
Total net liabilities as at 31 December 2022 | - | ||
(Charged)/credited to the statement of profit or loss | - | (461,256) | (461,256) |
(Charged)/credited to other comprehensive income | (1,881,801) | - | (1,881,801) |
As at 31 December 2023 | 4,600,925 | - | 4,600,925 |
Netting | (4,600,925) | ||
Total net liabilities as at 31 December 2023 | - |
The Petrol Group | Petrol d.d. | |||
2023 | 2022 | 2023 | 2022 | |
Net profit attributable to owners of the controlling | ||||
company (in EUR) | 135,362,154 | 4,520,125 | 92,805,581 | 19,383,878 |
Number of shares issued | 41,726,020 | 41,726,020 | 41,726,020 | 41,726,020 |
Number of own shares at the beginning of the year | 614,460 | 614,460 | 494,060 | 494,060 |
Number of own shares at the end of the year | 614,460 | 614,460 | 494,060 | 494,060 |
Weighted average number of ordinary shares issued | 41,111,560 | 41,111,560 | 41,231,960 | 41,231,960 |
Diluted average number of ordinary shares | 41,111,560 | 41,111,560 | 41,231,960 | 41,231,960 |
Basic and diluted earnings per share attributable to | ||||
owners of the controlling company (EUR/share) |
Long-term | ||||||
Right to use | deferred costs | |||||
Material and | concession | Ongoing | and emission | |||
(in EUR) | other rights | infrastructure | Goodwill | investments | allowances | Total |
Cost | ||||||
As at 1 January 2022 | 57,455,821 | 130,298,591 | 160,858,241 | 4,485,643 | 291,102 | 353,389,398 |
New acquisitions | 695,909 | 25,989 | - | 6,975,101 | 1,013,588 | 8,710,587 |
Disposals | (398,911) | (270,036) | (19,268) | (3,115) | (119,824) | (811,154) |
Transfers between PPE and investment property | (57,863) | (5,477,567) | - | (955,289) | - | (6,490,719) |
Transfer from ongoing investments | 2,717,411 | 1,930,526 | - | (4,647,937) | - | - |
Foreign exchange differences | (16,979) | (34,498) | (153,661) | 2,202 | - | (202,936) |
As at 31 December 2022 | 60,395,388 | 126,473,005 | 160,685,312 | 5,856,605 | 1,184,866 | 354,595,176 |
Accumulated amortisation | ||||||
As at 1 January 2022 | (33,661,809) | (64,796,831) | (19,303) | - | - | (98,477,943) |
Amortisation | (8,035,813) | (5,569,452) | - | - | - | (13,605,265) |
Disposals | 235,361 | 261,887 | 19,268 | - | - | 516,516 |
Transfers between PPE and investment property | 13,033 | 2,229,123 | - | - | - | 2,242,156 |
Foreign exchange differences | 7,964 | 10,834 | 35 | - | - | 18,833 |
As at 31 December 2022 | (41,441,264) | (67,864,439) | - | - | - | (109,305,703) |
Net carrying amount as at 1 January 2022 | 23,794,012 | 65,501,760 | 160,838,938 | 4,485,643 | 291,102 | 254,911,455 |
Net carrying amount as at 31 December 2022 | 18,954,124 | 58,608,566 | 160,685,312 | 5,856,605 | 1,184,866 | 245,289,473 |
Long-term | ||||||
Right to use | deferred costs | |||||
Material and | concession | Ongoing | and emission | |||
other rights | infrastructure | Goodwill | investments | allowances | Total | |
Cost | ||||||
As at 1 January 2023 | 60,395,388 | 126,473,005 | 160,685,312 | 5,856,605 | 1,184,866 | 354,595,176 |
New acquisitions | 255,137 | 172,238 | - | 9,111,400 | 2,565,269 | 12,104,044 |
Disposals | (6,297,308) | (878,687) | (245,396) | (1,589,302) | (9,010,693) | |
Transfers between intangible assets | 14,429 | (15,835) | - | - | 1,406 | - |
Transfers between PPE | - | - | - | (1,807,290) | - | (1,807,290) |
Transfer from ongoing investments | 4,186,457 | 826,610 | - | (5,013,067) | - | - |
Foreign exchange differences | 2,225 | 1,741 | 17,361 | 2,284 | - | 23,611 |
As at 31 December 2023 | 58,556,328 | 126,579,072 | 160,702,673 | 7,904,536 | 2,162,239 | 355,904,848 |
Accumulated amortisation | ||||||
As at 1 January 2023 | (41,441,264) | (67,864,439) | - | - | - | (109,305,703) |
Amortisation | (7,807,713) | (5,232,057) | - | - | - | (13,039,770) |
Disposals | 6,244,333 | 878,142 | - | - | - | 7,122,475 |
Transfers between intangible assets | (1,033) | 1,033 | - | - | - | - |
Foreign exchange differences | (1,487) | (1,058) | - | - | - | (2,545) |
As at 31 December 2023 | (43,007,164) | (72,218,379) | - | - | - | (115,225,543) |
Net carrying amount as at 1 January 2023 | 18,954,124 | 58,608,566 | 160,685,312 | 5,856,605 | 1,184,866 | 245,289,473 |
Net carrying amount as at 31 December 2023 | 15,549,164 | 54,360,693 | 160,702,673 | 7,904,536 | 2,162,239 | 240,679,305 |
The Petrol Group | ||
(in EUR) | 31 December 2023 | 31 December 2022 |
Instalacija d.o.o., Koper 1 | 85,266,022 | 85,266,022 |
Crodux derivati dva d.o.o. 2 | 55,681,097 | 55,666,513 |
Euro-Petrol d.o.o. 3 | 12,630,218 | 12,626,888 |
Vjetroelektrana Ljubač d.o.o. | 2,580,100 | 2,579,423 |
Atet d.o.o. | 2,434,972 | 2,434,972 |
Petrol-Jadranplin d.o.o. 4 | 747,242 | 747,045 |
Vjetroelektrane Glunča d.o.o. | 358,073 | 357,979 |
Crodux Plin d.o.o. | 262,777 | 264,429 |
Petrol-Butan d.o.o. 5 | 279,629 | 279,555 |
MBILLS d.o.o. | 245,250 | 245,250 |
Adria-Plin d.o.o. | 217,293 | 217,236 |
Total goodwill | 160,702,673 | 160,685,312 |
Key assumptions | Change in key assumptions | Effect of | ||||||
change in the | ||||||||
Effect of | Effect of | discount rate | ||||||
change in the | change in the | and the long- | Effect on | |||||
discount rate | long-term | term growth | impairment | |||||
on the | growth rate on | rate on the | when key | |||||
Discount rate | Long-term growth | Discount rate | Long-term | recoverable | the recoverable | recoverable | assumtions | |
(in EUR thousand) | (WACC) | rate (g) | (WACC) | growth rate (g) | amount | amount | amount | change |
+ 0.5 | - 0.5 | (15) | (16) | (29) | - | |||
Adria-Plin d.o.o. | 9.00% | 2% | - 0.5 | + 0.5 | 17 | 18 | 38 | - |
+ 0.5 | - 0.5 | (551) | (483) | (1,034) | - | |||
Atet d.o.o. | 7.80% | 2% | - 0.5 | + 0.5 | 651 | 582 | 1,233 | - |
Petrol d.o.o. (Crodux derivati | + 0.5 | - 0.5 | (34,471) | (23,785) | (56,098) | - | ||
dva d.o.o. in Euro-Petrol | ||||||||
d.o.o.) | 9.90% | -1% | - 0.5 | + 0.5 | 41,414 | 28,593 | 73,791 | - |
+ 0.5 | - 0.5 | (10,630) | (9,650) | (19,037) | - | |||
Instalacija d.o.o., Koper | 9.03% | 2% | - 0.5 | + 0.5 | 14,448 | 11,235 | 28,192 | - |
+ 0.5 | - 0.5 | (225) | (133) | (346) | (169) | |||
MBills d.o.o. | 22.10% ; 13.90% | 2% | - 0.5 | + 0.5 | 246 | 145 | 407 | - |
+ 0.5 | - 0.5 | (1,181) | - | (1,181) | - | |||
Vjetroelektrane Glunča d.o.o. | 10.90% | - | - 0.5 | + 0.5 | 1,245 | - | 1,245 | - |
+ 0.5 | - | (1,569) | - | (1,569) | - | |||
Vjetroelektrana Ljubač d.o.o. | 10.90% | - | - 0.5 | - | 1,662 | - | 1,662 | - |
Key assumptions | Change in key assumptions | Effect of change | ||||||
Effect of change | Effect of change | in the discount | ||||||
in the discount | in the long-term | rate and the long- | Effect on | |||||
Long-term | Long-term | rate on the | growth rate on the | term growth rate | impairment when | |||
Discount rate | growth rate | Discount rate | growth rate | recoverable | recoverable on the recoverable | key assumtions | ||
(in EUR thousand) | (WACC) | (g) | (WACC) | (g) | amount | amount | amount | change |
+ 0.5 | - 0.5 | (32) | (21) | (50) | - | |||
Adria-Plin d.o.o. | 11.02% | 2% | - 0.5 | + 0.5 | 35 | 24 | 63 | - |
+ 0.5 | - 0.5 | (870) | (883) | (1,617) | (1,456) | |||
Atet d.o.o. | 7.50% | 2% | - 0.5 | + 0.5 | 1,045 | 1,060 | 2,340 | - |
Petrol d.o.o. (Crodux | + 0.5 | - 0.5 | (38,712) | (27,751) | (62,647) | - | ||
derivati dva d.o.o. and | ||||||||
Euro-Petrol d.o.o.) | 9.43% | 2% | - 0.5 | + 0.5 | 44,307 | 31,755 | 81,805 | - |
+ 1.0 | - 0.5 | (19,411) | (8,644) | (25,897) | - | |||
Instalacija d.o.o., Koper | 8.81% | 2% | - 1.0 | + 0.5 | 25,982 | 9,997 | 40,199 | - |
+ 0.5 | - 0.5 | (111) | (118) | (221) | - | |||
MBills d.o.o. | 14.60% | 2% | - 0.5 | + 0.5 | 120 | 128 | 258 | - |
Vjetroelektrane Glunča | ||||||||
d.o.o. | + 0.5 | - | (1,543) | - | (1,543) | - | ||
11.77% | - | - 0.5 | - | 1,634 | - | 1,634 | - | |
Vjetroelektrana Ljubač | + 0.5 | - | (2,114) | - | (2,114) | - | ||
d.o.o. | 11.77% | - | - 0.5 | - | 2,245 | - | 2,245 | - |
Long-term | ||||||
Right to use | deferred costs | |||||
Material and | concession | Ongoing | and emission | |||
(in EUR) | other rights | infrastructure | Goodwill | investments | allowances | Total |
Cost | ||||||
As at 1 January 2022 | 41,934,032 | 112,044,827 | 85,266,022 | 1,879,712 | 276,793 | 241,401,386 |
New acquisitions | - | 1,406 | - | 5,286,334 | 1,011,058 | 6,298,798 |
Disposals | (341,270) | (213,646) | - | (2,400) | (115,183) | (672,499) |
Transfers between PPE and investment property | (12,656) | 543,746 | - | - | - | 531,090 |
Transfer from ongoing investments | 2,699,324 | 766,933 | - | (3,466,257) | - | - |
As at 31 December 2022 | 44,279,430 | 113,143,266 | 85,266,022 | 3,697,389 | 1,172,668 | 247,558,775 |
Accumulated amortisation | ||||||
As at 1 January 2022 | (27,058,108) | (58,818,460) | - | - | - | (85,876,568) |
Amortisation | (5,547,972) | (4,201,187) | - | - | - | (9,749,159) |
Disposals | 177,739 | 205,497 | - | - | - | 383,236 |
Transfers between PPE and investment property | 8,669 | (352,482) | - | - | - | (343,813) |
As at 31 December 2022 | (32,419,672) | (63,166,632) | - | - | - | (95,586,304) |
Net carrying amount as at 1 January 2022 | 14,875,924 | 53,226,367 | 85,266,022 | 1,879,712 | 276,793 | 155,524,818 |
Net carrying amount as at 31 December 2022 | 11,859,758 | 49,976,634 | 85,266,022 | 3,697,389 | 1,172,668 | 151,972,471 |
Long-term | ||||||
Right to use | deferred costs | |||||
Material and | concession | Ongoing | and emission | |||
(in EUR) | other rights | infrastructure | Goodwill | investments | allowances | Total |
Cost | ||||||
As at 1 January 2023 | 44,279,430 | 113,143,266 | 85,266,022 | 3,697,389 | 1,172,668 | 247,558,775 |
New acquisitions | - | 111,686 | - | 8,129,848 | 2,382,967 | 10,624,501 |
Disposals | (5,603,192) | (195,478) | - | - | (1,585,003) | (7,383,673) |
Transfer between intangible assets | - | (1,406) | - | - | 1,406 | - |
Transfer from ongoing investments | 4,116,275 | 809,642 | - | (4,925,917) | - | - |
As at 31 December 2023 | 42,792,513 | 113,867,710 | 85,266,022 | 6,901,320 | 1,972,038 | 250,799,603 |
Accumulated amortisation | ||||||
As at 1 January 2023 | (32,419,672) | (63,166,632) | - | - | - | (95,586,304) |
Amortisation | (5,312,329) | (4,063,951) | - | - | - | (9,376,280) |
Disposals | 5,603,075 | 194,933 | - | - | - | 5,798,008 |
As at 31 December 2023 | (32,128,926) | (67,035,650) | - | - | - | (99,164,576) |
Net carrying amount as at 1 January 2023 | 11,859,758 | 49,976,634 | 85,266,022 | 3,697,389 | 1,172,668 | 151,972,471 |
Net carrying amount as at 31 December 2023 | 10,663,587 | 46,832,060 | 85,266,022 | 6,901,320 | 1,972,038 | 151,635,027 |
Right-of-use | Right-of-use | |||
(in EUR) | Right-of-use land | buildings | equipment | Total |
Cost | ||||
As at 1 January 2022 | 77,501,535 | 64,707,813 | 6,577,767 | 148,787,115 |
New acquisitions | 23,256,763 | 53,430,756 | 19,888,157 | 96,575,676 |
Cancellation | (23,707,396) | (55,348,762) | (486,070) | (79,542,228) |
Transfer between assets categories | 2,568,882 | (2,568,882) | - | - |
Foreign exchange differences | (92,522) | (108,261) | (5,952) | (206,735) |
As at 31 December 2022 | 79,527,262 | 60,112,664 | 25,973,902 | 165,613,828 |
Accumulated depreciation | ||||
As at 1 January 2022 | (9,472,503) | (12,534,287) | (4,688,736) | (26,695,526) |
Depreciation | (7,069,549) | (11,587,220) | (2,603,232) | (21,260,001) |
Cancellation | 6,525,251 | 7,153,465 | 256,603 | 13,935,319 |
Transfer between assets categories | (790,946) | 790,946 | - | 0 |
Foreign exchange differences | 6,033 | 19,592 | 1,024 | 26,649 |
As at 31 December 2022 | (10,801,714) | (16,157,504) | (7,034,341) | (33,993,559) |
Net carrying amount as at 1 January 2022 | 68,029,032 | 52,173,526 | 1,889,031 | 122,091,589 |
Net carrying amount as at 31 December 2022 | 68,725,548 | 43,955,160 | 18,939,561 | 131,620,269 |
Right-of-use | Right-of-use | |||
(in EUR) | Right-of-use land | buildings | equipment | Total |
Cost | ||||
As at 1 January 2023 | 79,527,262 | 60,112,664 | 25,973,902 | 165,613,828 |
New acquisitions | 16,040,213 | 4,876,536 | 2,355,011 | 23,271,760 |
Cancellation | (26,845) | (2,214,348) | (1,885,771) | (4,126,964) |
Foreign exchange differences | 12,094 | 5,225 | 4,866 | 22,185 |
As at 31 December 2023 | 95,552,724 | 62,780,077 | 26,448,008 | 184,780,809 |
Accumulated depreciation | ||||
As at 1 January 2023 | (10,801,714) | (16,157,504) | (7,034,341) | (33,993,559) |
Depreciation | (8,450,337) | (9,152,515) | (5,907,735) | (23,510,587) |
Cancellation | 17,773 | 1,658,399 | 1,885,749 | 3,561,921 |
Foreign exchange differences | (554) | 598 | (432) | (388) |
As at 31 December 2023 | (19,234,832) | (23,651,022) | (11,056,759) | (53,942,613) |
Net carrying amount as at 1 January 2023 | 68,725,548 | 43,955,160 | 18,939,561 | 131,620,269 |
Net carrying amount as at 31 December 2023 | 76,317,892 | 39,129,055 | 15,391,249 | 130,838,196 |
Right-of-use | Right-of-use | |||
(in EUR) | Right-of-use land | buildings | equipment | Total |
Cost | ||||
As at 1 January 2022 | 32,218,878 | 1,878,132 | 5,397,463 | 39,494,473 |
New acquisitions | 1,259,241 | 1,329,656 | 3,148,387 | 5,737,284 |
Cancellation | - | (91,031) | (141,097) | (232,128) |
As at 31 December 2022 | 33,478,119 | 3,116,757 | 8,404,753 | 44,999,629 |
Accumulated depreciation | ||||
As at 1 January 2022 | (6,409,800) | (966,818) | (4,243,032) | (11,619,650) |
Depreciation | (2,262,808) | (629,928) | (1,454,766) | (4,347,502) |
Cancellation | - | 91,031 | 114,184 | 205,215 |
As at 31 December 2022 | (8,672,608) | (1,505,715) | (5,583,614) | (15,761,937) |
Net carrying amount as at 1 January 2022 | 25,809,078 | 911,314 | 1,154,431 | 27,874,823 |
Net carrying amount as at 31 December 2022 | 24,805,511 | 1,611,042 | 2,821,139 | 29,237,692 |
Right-of-use | Right-of-use | |||
(in EUR) | Right-of-use land | buildings | equipment | Total |
Cost | ||||
As at 1 January 2023 | 33,478,119 | 3,116,757 | 8,404,753 | 44,999,629 |
New acquisitions | 2,428,643 | 541,326 | 2,281,502 | 5,251,471 |
Cancellation | (17,773) | (965,397) | (2,027,952) | (3,011,122) |
As at 31 December 2023 | 35,888,989 | 2,692,686 | 8,658,303 | 47,239,978 |
Accumulated depreciation | ||||
As at 1 January 2023 | (8,672,608) | (1,505,715) | (5,583,614) | (15,761,937) |
Depreciation | (2,484,018) | (712,843) | (1,768,669) | (4,965,530) |
Cancellation | 17,773 | 965,397 | 2,027,952 | 3,011,122 |
As at 31 December 2023 | (11,138,853) | (1,253,161) | (5,324,331) | (17,716,345) |
Net carrying amount as at 1 January 2023 | 24,805,511 | 1,611,042 | 2,821,139 | 29,237,692 |
Net carrying amount as at 31 December 2023 | 24,750,136 | 1,439,525 | 3,333,972 | 29,523,632 |
Ongoing | ||||||
(in EUR) | Land | Buildings | Machinery | Equipment | investments | Total |
Cost | ||||||
As at 1 January 2022 | 326,139,185 | 796,182,254 | 7,259,275 | 367,201,042 | 60,437,164 | 1,557,218,920 |
New acquisitions | - | 218,339 | 70,076 | 5,694,408 | 58,462,957 | 64,445,780 |
Disposals | (417,828) | (1,888,551) | (10,539) | (10,588,891) | (34,401) | (12,940,210) |
Transfers between intangible assets | 106,699 | 10,227,604 | (2,617,822) | (2,159,341) | 146,109 | 5,703,249 |
Transfer to contract assets | - | - | - | (7,493,238) | - | (7,493,238) |
Transfer from ongoing investments | 746,662 | 21,390,024 | 66,729 | 50,278,031 | (72,481,446) | - |
Transfers between investment property | - | - | - | - | (29,461) | (29,461) |
Foreign exchange differences | (341,186) | (293,352) | (1,035) | (179,477) | (61,460) | (876,510) |
As at 31 December 2022 | 326,233,532 | 825,836,318 | 4,766,684 | 402,752,534 | 46,439,462 | 1,606,028,530 |
Accumulated depreciation | ||||||
As at 1 January 2022 | - | (474,840,389) | (2,975,105) | (221,989,378) | - | (699,804,872) |
Depreciation | - | (28,820,561) | (303,483) | (31,240,996) | - | (60,365,040) |
Disposals | - | 1,607,439 | 10,539 | 7,296,612 | - | 8,914,590 |
Transfers between intangible assets | - | (5,188,946) | 420,951 | 3,488,442 | - | (1,279,553) |
Transfer to contract assets | - | - | - | 824,274 | - | 824,274 |
Foreign exchange differences | - | 129,594 | 742 | 104,256 | - | 234,592 |
As at 31 December 2022 | - | (507,112,863) | (2,846,356) | (241,516,790) | - | (751,476,009) |
Net carrying amount as at 1 January 2022 | 326,139,185 | 321,341,865 | 4,284,170 | 145,211,664 | 60,437,164 | 857,414,048 |
Net carrying amount as at 31 December 2022 | 326,233,532 | 318,723,455 | 1,920,328 | 161,235,744 | 46,439,462 | 854,552,521 |
Ongoing | ||||||
(in EUR) | Land | Buildings | Machinery | Equipment | investments | Total |
Cost | ||||||
As at 1 January 2023 | 326,233,532 | 825,836,318 | 4,766,684 | 402,752,534 | 46,439,462 | 1,606,028,530 |
New acquisitions | - | 217,130 | 16,329 | 7,820,481 | 71,001,113 | 79,055,053 |
Disposals | (125,520) | (6,859,213) | (7,431) | (16,575,308) | (1,572,432) | (25,139,904) |
Impairments | (596,956) | - | - | - | - | (596,956) |
Transfers between PPE | - | (565,826) | (13,979) | 640,012 | (60,207) | - |
Transfers between intangible assets | - | - | - | 1,806,365 | 925 | 1,807,290 |
Transfer from ongoing investments | 12,703 | 24,700,352 | 457 | 19,747,939 | (44,461,451) | - |
Transfers between investment property | 355,674 | (1,728,959) | - | - | (122,903) | (1,496,188) |
Foreign exchange differences | 32,481 | (764) | 112 | 43,159 | 595 | 75,583 |
As at 31 December 2023 | 325,911,914 | 841,599,038 | 4,762,172 | 416,235,182 | 71,225,102 | 1,659,733,408 |
Accumulated depreciation | ||||||
As at 1 January 2023 | - | (507,112,863) | (2,846,356) | (241,516,790) | - | (751,476,009) |
Depreciation | - | (28,840,918) | (258,828) | (30,747,493) | - | (59,847,239) |
Disposals | - | 6,051,560 | 7,431 | 12,958,832 | - | 19,017,823 |
Transfers between PPE | - | 42,662 | 13,979 | (56,641) | - | - |
Transfers between investment property | - | 147,197 | - | - | - | 147,197 |
Foreign exchange differences | - | 5,701 | (102) | (10,332) | - | (4,733) |
As at 31 December 2023 | - | (529,706,661) | (3,083,876) | (259,372,424) | - | (792,162,961) |
Net carrying amount as at 1 January 2023 | 326,233,532 | 318,723,455 | 1,920,328 | 161,235,744 | 46,439,462 | 854,552,521 |
Net carrying amount as at 31 December 2023 | 325,911,914 | 311,892,377 | 1,678,296 | 156,862,758 | 71,225,102 | 867,570,447 |
Ongoing | |||||
(in EUR) | Land | Buildings | Equipment | investments | Total |
Cost | |||||
As at 1 January 2022 | 102,794,116 | 577,375,427 | 266,626,550 | 14,315,883 | 961,111,976 |
New acquisitions | - | - | - | 32,614,695 | 32,614,695 |
Disposals | (401,114) | (1,504,318) | (5,076,701) | (34,401) | (7,016,534) |
Transfers between intangible assets | 193,874 | (237,878) | 583,674 | - | 539,670 |
Transfer from ongoing investments | 126 | 8,983,729 | 14,474,671 | (23,458,526) | - |
Transfers between investment property | - | - | - | (29,461) | (29,461) |
As at 31 December 2022 | 102,587,002 | 584,616,960 | 276,608,194 | 23,408,190 | 987,220,346 |
Accumulated depreciation | |||||
As at 1 January 2022 | - | (415,142,838) | (179,706,981) | - | (594,849,819) |
Depreciation | - | (15,658,372) | (16,084,332) | - | (31,742,704) |
Disposals | - | 1,323,457 | 4,911,183 | - | 6,234,640 |
Transfers between intangible assets | - | (33,334) | (518,479) | - | (551,813) |
As at 31 December 2022 | - | (429,511,087) | (191,398,609) | - | (620,909,696) |
Net carrying amount as at 1 January 2022 | 102,794,116 | 162,232,589 | 86,919,569 | 14,315,883 | 366,262,157 |
Net carrying amount as at 31 December 2022 | 102,587,002 | 155,105,873 | 85,209,585 | 23,408,190 | 366,310,650 |
Ongoing | |||||
(in EUR) | Land | Buildings | Equipment | investments | Total |
Cost | |||||
As at 1 January 2023 | 102,587,002 | 584,616,960 | 276,608,194 | 23,408,190 | 987,220,346 |
New acquisitions | - | - | - | 33,840,333 | 33,840,333 |
Disposals | (125,520) | (1,075,110) | (8,851,246) | (269,731) | (10,321,607) |
Impairments | (596,956) | - | - | - | (596,956) |
Transfer from ongoing investments | - | 7,382,573 | 13,468,699 | (20,851,272) | - |
Transfers between investment property | - | - | - | (122,903) | (122,903) |
As at 31 December 2023 | 101,864,526 | 590,924,423 | 281,225,647 | 36,004,617 | 1,010,019,213 |
Accumulated depreciation | |||||
As at 1 January 2023 | - | (429,511,087) | (191,398,609) | - | (620,909,696) |
Depreciation | - | (15,147,012) | (16,296,858) | - | (31,443,870) |
Disposals | - | 383,801 | 7,895,898 | - | 8,279,699 |
As at 31 December 2023 | - | (444,274,298) | (199,799,569) | - | (644,073,867) |
Net carrying amount as at 1 January 2023 | 102,587,002 | 155,105,873 | 85,209,585 | 23,408,190 | 366,310,650 |
Net carrying amount as at 31 December 2023 | 101,864,526 | 146,650,125 | 81,426,078 | 36,004,617 | 365,945,345 |
The Petrol Group | Petrol d.d. | |
(in EUR) | Investment property | Investment property |
Cost | ||
As at 1 January 2022 | 36,577,379 | 27,824,898 |
New acquisitions | 124,378 | - |
Disposals | (265,870) | (21,725) |
Transfers between intangible assets | (101,127) | (101,127) |
Transfers between property, plant and equipment | 29,461 | 29,461 |
Foreign exchange differences | (14,721) | - |
As at 31 December 2022 | 36,349,500 | 27,731,507 |
Accumulated depreciation | ||
As at 1 January 2022 | (20,437,636) | (15,488,904) |
Depreciation | (1,069,764) | (677,760) |
Transfers between intangible assets | (74,007) | (74,007) |
Foreign exchange differences | 9,015 | - |
As at 31 December 2022 | (21,572,392) | (16,240,671) |
Net carrying amount as at 1 January 2022 | 16,139,743 | 12,335,994 |
Net carrying amount as at 31 December 2022 | 14,777,108 | 11,490,836 |
The Petrol Group | Petrol d.d. | |
(in EUR) | Investment property | Investment property |
Cost | ||
As at 1 January 2023 | 36,349,500 | 27,731,507 |
New acquisitions | 1,806,215 | 173,669 |
Disposals | (126,217) | - |
Transfers between property, plant and equipment | 1,496,188 | 122,903 |
Foreign exchange differences | 489 | - |
As at 31 December 2023 | 39,526,175 | 28,028,079 |
Accumulated depreciation | ||
As at 1 January 2023 | (21,572,392) | (16,240,671) |
Depreciation | (1,085,348) | (654,296) |
Disposals | 118,462 | - |
Transfers between property, plant and equipment | (147,197) | - |
Foreign exchange differences | (971) | - |
As at 31 December 2023 | (22,687,446) | (16,894,967) |
Net carrying amount as at 1 January 2023 | 14,777,108 | 11,490,836 |
Net carrying amount as at 31 December 2023 | 16,838,729 | 11,133,112 |
Equity as at | ||||
Ownership | 31 December | Net profit or loss | ||
Name of subsidiary | Address of subsidiary | interest | 2023 (in EUR) | for 2023 (in EUR) |
Slovenia | ||||
IGES d.o.o. | Dunajska cesta 50, Ljubljana, Slovenia | 100% | 15,867,713 | 21,872 |
Petrol Skladiščenje d.o.o. | Zaloška 259, Ljubljana Polje, Slovenia | 100% | 814,931 | (872) |
Petrol GEO d.o.o. | Mlinska ulica 5d, Lendava, Slovenia | 100% | 4,178,220 | 914,579 |
Ekoen d.o.o. | Luče 117A, Luče, Slovenia | 100% | 717,204 | (10,892) |
Ekoen S d.o.o. | Ljubljanska cesta 35, Domžale, Slovenia | 100% | 16,176 | 5,674 |
MBills d.o.o. | Tržaška cesta 118, Ljubljana, Slovenia | 100% | 2,459,159 | (963,882) |
Cesta Ljubljanske brigade 11, Ljubljana, | ||||
Geoplin d.o.o. Ljubljana1 | Slovenia | 74.34% | 135,769,627 | 22,192,611 |
Atet d.o.o.2 | Devova ulica 6A, Ljubljana, Slovenia | 96% | 2,749,087 | 169,323 |
Prvomajska ulica 21, Nova Gorica, | ||||
E 3, d.o.o. | Slovenia | 100% | 22,936,820 | 10,327,557 |
Croatia | ||||
Petrol d.o.o. | Savska Opatovina 36, Zagreb, Croatia | 100% | 261,510,758 | 19,871,645 |
Vjetroelektrane Glunča d.o.o. | Savska Opatovina 36, Zagreb, Croatia | 100% | 13,811,160 | 1,084,899 |
Vjetroelektrana Ljubač d.o.o. | Krapanjska cesta 8, Šibenik, Croatia | 100% | 8,793,216 | 612,006 |
Zagorski metalac d.o.o.3 | Ulica Josipa Broza Tita 2F, Zabok, Croatia | 75% | 8,775,236 | (5,641) |
Serbia | ||||
Omladinskih brigada 88-90, Novi | ||||
Petrol d.o.o. Beograd | Beograd, Serbia | 100% | 37,940,386 | 3,453,317 |
Omladinskih brigada 88-90, Novi | ||||
Beogas d.o.o. Beograd | Beograd, Serbia | 100% | 23,724,652 | 1,177,082 |
Omladinskih brigada 88-90, Novi | ||||
Petrol LPG d.o.o. | Beograd, Serbia | 100% | 11,852,105 | (549,342) |
STH Energy d.o.o. Kraljevo | Karadjordjeva 241, Kraljevo, Serbia | 80% | 767,583 | 177,939 |
Montenegro | ||||
Ulica Slobode br. 2, Podgorica, | ||||
Petrol Crna Gora MNE d.o.o. | Montenegro | 100% | 24,887,811 | 1,641,135 |
Bosnia and Herzegovina | ||||
Petrol BH Oil Company d.o.o. | Ulica Džemala Bijedića br. 202, Sarajevo, | |||
Sarajevo | Bosnia and Herzegovina | 100% | 76,283,385 | 3,308,845 |
Branka Radičevića 1, Teslić, Bosnia and | ||||
Petrol Hidroenergija d.o.o. Teslić | Herzegovina | 80% | 8,766,387 | 2,515,874 |
Ulica Džemala Bijedića br. 202, Sarajevo, | ||||
Petrol Power d.o.o. Sarajevo | Bosnia and Herzegovina | 99.75% | (580,891) | 1,401,245 |
Other countries | ||||
Petrol-Trade | ||||
Handelsgesellschaft m.b.H. | Elisabethstrasse 10/4, Vienna, Austria | 100% | 2,931,929 | 1,370,846 |
Petrol-Energetika DOOEL | Ul. Sv. Kiril i Metodij 20, Skopje, | |||
Skopje | Macedonia | 100% | 119,150 | 1,033 |
B-dul Tudor Vladimirescu 22, Sector 5, | ||||
Petrol Bucharest ROM S.R.L. | Bucharest, Romania | 100% | 36,012 | 105,255 |
Industrijska zona b.b., Kosovo Polje, | ||||
Petrol-OTI-Terminal L.L.C. | Kosovo | 100% | 8,572,109 | (20,387) |
Equity as at | ||||
Ownership | 31 December | Net profit or loss | ||
Name of subsidiary | Address of subsidiary | interest | 2023 (in EUR) | for 2023 (in EUR) |
The Petrol LPG Group | ||||
Omladinskih brigada 88-90, Novi | ||||
Tigar Petrol d.o.o. Beograd | Beograd, Serbia | 100% | (418,344) | (4,861) |
Preduzetnička zona bb, Šamac, | ||||
Petrol LPG HIB d.o.o. | Bosnia and Herzegovina | 100% | (504,493) | (222,813) |
The Petrol Beograd Group | ||||
Petrol Lumennis PB JO d.o.o. | Patrijarha Dimitrija 12v, Beograd, | |||
Beograd | Serbia | 100% | 1,756 | (217) |
Patrijarha Dimitrija 12v, Beograd, | ||||
Petrol Lumennis VS d.o.o. Beograd | Serbia | 100% | 339 | (1,764) |
Petrol Lumennis ZA JO d.o.o. | Omladinskih brigada 88-90, Novi | |||
Beograd | Beograd, Serbia | 100% | 4,462 | 1,773 |
Petrol Lumennis ŠI JO d.o.o. | Omladinskih brigada 88-90, Novi | |||
Beograd | Beograd, Serbia | 100% | 1,071 | (48) |
Omladinskih brigada 88-90, Novi | ||||
Petrol KU 2021 d.o.o. Beograd | Beograd, Serbia | 100% | 29,821 | 27,557 |
Petrol Lumennis KI JO d.o.o. | Omladinskih brigada 88-90, Novi | |||
Beograd | Beograd, Serbia | 100% | (1,968) | (2,327) |
The IGES Group | ||||
Naselje Ripač b.b., Bihać, Bosnia and | ||||
Vitales d.o.o. Bihać - u stečaju1 | Herzegovina | 100% | - | - |
The Petrol Zagreb Group | ||||
Petrol javna rasvjeta d.o.o. | Savska Opatovina 36, Zagreb, Croatia | 100% | 128,679 | 33,559 |
Ulica Stinice 15, Kastel Gomilica, | ||||
ADRIA-PLIN d.o.o. | Croatia | 75% | 72,959 | 43,520 |
The Geoplin Group | ||||
Geoplin d.o.o. | Radnička cesta 177, Zagreb, Croatia | 100% | (17,838,652) | (19,537,200) |
Zelengorska ulica broj 1g, 11070 Novi | ||||
Geoplin d.o.o. Beograd | Beograd, Serbia | 100% | 34,954 | - |
The Atet Group | ||||
Atet Mobility Zagreb d.o.o. | Savska Opatovina 36, Zagreb, Croatia | 100% | 2,896 | 396 |
Petrol d.d. | ||
(in EUR) | 31 December 2023 | 31 December 2022 |
Petrol d.o.o. | 327,833,986 | 327,833,986 |
Geoplin d.o.o. Ljubljana | 56,964,237 | 56,964,237 |
Petrol BH Oil Company d.o.o. Sarajevo | 34,537,990 | 34,537,990 |
Petrol d.o.o. Beograd | 23,602,819 | 23,602,819 |
Petrol Crna Gora MNE d.o.o. | 19,396,000 | 19,396,000 |
IGES d.o.o. | 15,774,400 | 15,774,400 |
E 3, d.o.o. | 14,950,000 | 14,950,000 |
Beogas d.o.o. Beograd | 12,774,000 | 12,774,000 |
Vjetroelektrarna Ljubač d.o.o. | 9,056,761 | 9,056,761 |
Zagorski metalac d.o.o. | 7,600,316 | 7,600,316 |
Vjetroelektrane Glunča d.o.o. | 6,523,622 | 6,523,622 |
MBills d.o.o. | 5,955,122 | 5,955,122 |
Atet d.o.o. | 5,303,697 | 4,044,396 |
Petrol Hidroenergija d.o.o. Teslić | 5,000,409 | 5,000,409 |
Petrol LPG d.o.o. | 4,770,601 | 4,770,601 |
Petrol - OTI - Terminal L.L.C. | 1,805,000 | 1,805,000 |
Ekoen d.o.o. | 1,249,867 | 1,249,867 |
Petrol Skladiščenje d.o.o. | 794,951 | 794,951 |
Petrol GEO d.o.o. | 697,020 | 697,020 |
STH Energy d.o.o. Kraljevo | 467,868 | 467,868 |
Petrol Trade Handelsgesellschaft m.b.H. | 147,830 | 147,830 |
Ekoen S d.o.o. | 50,737 | 50,737 |
Petrol-Energetika DOOEL Skopje | 25,000 | 25,000 |
Petrol Bucharest ROM S.R.L. | 10,000 | 10,000 |
Petrol Power d.o.o. Sarajevo | - | - |
Total investments in subsidiaries | 555,292,232 | 554,032,932 |
Petrol d.d. | ||
(in EUR) | 2023 | 2022 |
As at 1 January | 554,032,932 | 553,970,331 |
New acquisitions | 1,259,301 | 62,600 |
As at 31 December | 555,292,232 | 554,032,932 |
Key assumptions | Change in key assumptions | Effect of | ||||||
change in the | ||||||||
Effect of | Effect of | discount rate | ||||||
change in the | change in the | and the long- | Effect on | |||||
discount rate | long-term | term growth | impairment | |||||
on the | growth rate on | rate on the | when key | |||||
Discount rate | Long-term growth | Discount rate | Long-term | recoverable | the recoverable | recoverable | assumptions | |
(in EUR thousand) | (WACC) | rate (g) | (WACC) | growth rate (g) | amount | amount | amount | change |
+ 0,5 | - 0,5 | (34,471) | (23,785) | (56,098) | - | |||
Petrol d.o.o. | 9.90% | -1% | - 0,5 | + 0,5 | 41,414 | 28,593 | 73,791 | - |
+ 0,5 | - 0,5 | (4,957) | (1,962) | (6,677) | (5,855) | |||
Petrol d.o.o. Beograd | 11.60% | 1% | - 0,5 | + 0,5 | 5,498 | 2,147 | 7,984 | - |
+ 0,5 | - 0,5 | (1,416) | (1,036) | (2,343) | - | |||
Petrol Crna Gora MNE d.o.o. | 11.80% | 2% | - 0,5 | + 0,5 | 1,761 | 1,115 | 3,097 | - |
+ 0,5 | - 0,5 | (693) | (171) | (844) | - | |||
E 3, d.o.o. | 9.80% | 0% | - 0,5 | + 0,5 | 739 | 192 | 959 | - |
+ 0,5 | - | (1,569) | - | (1,569) | - | |||
Vjetroelektrane Ljubač d.o.o. | 10.90% | - | - 0,5 | - | 1,662 | - | 1,662 | - |
+ 0,5 | - 0,5 | (530) | (431) | (876) | - | |||
Zagorski metalac d.o.o. | 6.59% | 2% | - 0,5 | + 0,5 | 661 | 535 | 1,360 | - |
+ 0,5 | - | (1,181) | - | (1,181) | - | |||
Vjetroelektrana Glunča d.o.o. | 10.90% | - | - 0,5 | - | 1,245 | - | 1,245 | - |
+ 0,5 | - 0,5 | (225) | (133) | (346) | (169) | |||
MBills d.o.o. | 22.10% ; 13.90% | 2% | - 0,5 | + 0,5 | 246 | 145 | 407 | - |
+ 0,5 | - 0,5 | (551) | (483) | (1,034) | (530) | |||
Atet d.o.o. | 7.80% | 2% | - 0,5 | + 0,5 | 651 | 582 | 1,233 | - |
Key assumptions | Change in key assumptions | Effect of | ||||||
change in the | ||||||||
Effect of | Effect of | discount rate | ||||||
change in the | change in the | and the long- | Effect on | |||||
discount rate | long-term | term growth | impairment | |||||
Long-term | on the | growth rate on | rate on the | when key | ||||
Discount rate | Long-term growth | Discount rate | growth rate | recoverable | the recoverable | recoverable | assumptions | |
(in EUR thousand) | (WACC) | rate (g) | (WACC) | (g) | amount | amount | amount | change |
+ 0,5 | - 0,5 | (38,712) | (27,751) | (62,647) | - | |||
Petrol d.o.o. | 9.43% | 2% | - 0,5 | + 0,5 | 44,307 | 31,755 | 81,805 | - |
+ 0,5 | - 0,5 | (2,144) | (1,712) | (3,670) | (1,075) | |||
Petrol d.o.o. Beograd | 12.16% | 3% | - 0,5 | + 0,5 | 2,392 | 1,910 | 4,561 | - |
+ 1,0 | - 0,5 | (452) | (190) | (605) | - | |||
Petrol Crna Gora MNE d.o.o. | 12.63% | 3% | - 1,0 | + 0,5 | 555 | 210 | 824 | - |
+ 1,0 | - 0,5 | (2,728) | (1,249) | (3,651) | - | |||
E 3, d.o.o. | 8.35% | 2% | - 1,0 | + 0,5 | 3,727 | 1,460 | 5,856 | - |
+ 0,5 | - | (2,114) | - | (2,114) | - | |||
Vjetroelektrane Ljubač d.o.o. | 11.77% | - | - 0,5 | - | 2,245 | - | 2,245 | - |
+ 0,5 | - | (1,543) | - | (1,543) | - | |||
Vjetroelektrana Glunča d.o.o. | 11.77% | - | - 0,5 | - | 1,634 | - | 1,634 | - |
+ 0,5 | - 0,5 | (111) | (118) | (221) | - | |||
MBills d.o.o. | 14.60% | 2% | - 0,5 | + 0,5 | 120 | 128 | 258 | - |
+ 0,5 | - 0,5 | (870) | (883) | (1,617) | (1,456) | |||
Atet d.o.o. | 7.50% | 2% | - 0,5 | + 0,5 | 1,045 | 1,060 | 2,340 | - |
Petrol | |||||
The Geoplin | Zagorski | Hidroenergija | |||
(in EUR) | Group | metalac d.o.o. | d.o.o. Teslić | Others | Total |
Revenue | 1,450,642,390 | 11,606,837 | 783,914 | 2,851,477 | 1,465,884,618 |
Net profit for the year | (28,260,761) | (506,585) | 371,537 | 130,978 | (28,264,831) |
Net profit for the year attributable to: | |||||
Non-controlling interest | (7,250,924) | (32,578) | 74,310 | 3,261 | (7,205,931) |
Total other comprehensive income after tax | (16,623,899) | (21,686) | - | 534 | (16,645,051) |
Total comprehensive income for the year | (44,884,660) | (528,271) | 371,537 | 131,512 | (44,909,882) |
Total comprehensive income attributable to: | |||||
Non-controlling interest | (11,516,147) | (33,968) | 74,307 | 3,364 | (11,472,444) |
Petrol | |||||
The Geoplin | Zagorski | Hidroenergija | |||
(in EUR) | Group | metalac d.o.o. | d.o.o. Teslić | Others | Total |
Non-current (long-term) assets | 46,223,996 | 7,848,272 | 5,406,963 | 5,253,854 | 64,733,085 |
Current assets | 296,065,447 | 9,273,796 | 1,871,673 | 1,415,723 | 308,626,639 |
Non-current liabilities | (304,109) | (3,578,989) | - | (1,753,625) | (5,636,723) |
Current liabilities | (228,178,923) | (3,373,973) | (105,693) | (8,702,885) | (240,361,474) |
Net assets | 113,806,411 | 10,169,106 | 7,172,943 | (3,786,933) | 127,361,527 |
Net assets attributable to: | |||||
Non-controlling interest | 29,199,537 | 653,870 | 1,434,592 | 113,475 | 31,401,474 |
Petrol | |||||
The Geoplin | Zagorski | Hidroenergija | |||
(in EUR) | Group | metalac d.o.o. | d.o.o. Teslić | Others | Total |
Net cash from (used in) operating activities | (42,826,070) | 180,977 | 479,513 | 552,678 | (41,612,902) |
Net cash from (used in) investing activities | 41,804,495 | (946,833) | 41,911 | (53,154) | 40,846,419 |
Net cash from (used in) financing activities | 72,498 | (111,210) | (315,182) | (3,578) | (357,472) |
Increase/(decrease) in cash and cash equivalents | (949,077) | (877,066) | 206,242 | 495,946 | (1,123,955) |
Dividend payments to non-controlling interest | - | - | 78,795 | - | 78,795 |
Petrol | |||||
The Geoplin | Zagorski | Hidroenergija | |||
(in EUR) | Group | metalac d.o.o. | d.o.o. Teslić | Others | Total |
Revenue | 1,014,057,610 | 14,661,044 | 3,274,316 | 4,849,957 | 1,036,842,927 |
Net profit for the year | 2,549,210 | (236,754) | 2,515,874 | 1,771,694 | 6,600,024 |
Net profit for the year attributable to: | |||||
Non-controlling interest | 650,366 | (15,109) | 503,176 | 51,382 | 1,189,815 |
Total other comprehensive income after tax | 956,590 | 2,680 | - | (1,022) | 958,248 |
Total comprehensive income for the year | 3,505,800 | (234,074) | 2,515,874 | 1,770,672 | 7,558,272 |
Total comprehensive income attributable to: | |||||
Non-controlling interest | 894,417 | (14,934) | 503,175 | 51,184 | 1,433,842 |
Petrol | |||||
The Geoplin | Zagorski | Hidroenergija | |||
(in EUR) | Group | metalac d.o.o. | d.o.o. Teslić | Others | Total |
Non-current (long-term) assets | 42,537,497 | 7,385,382 | 5,427,322 | 4,955,701 | 60,305,902 |
Current assets | 204,893,882 | 8,670,238 | 3,757,361 | 3,966,016 | 221,287,497 |
Non-current liabilities | (202,786) | (3,406,636) | - | (1,749,554) | (5,358,976) |
Current liabilities | (130,034,722) | (2,713,962) | (418,296) | (9,188,426) | (142,355,406) |
Net assets | 117,193,871 | 9,935,022 | 8,766,387 | (2,016,263) | 133,879,017 |
Net assets attributable to: | |||||
Non-controlling interest | 29,899,083 | 633,853 | 1,753,275 | 164,663 | 32,450,874 |
Petrol | |||||
The Geoplin | Zagorski | Hidroenergija | |||
(in EUR) | Group | metalac d.o.o. | d.o.o. Teslić | Others | Total |
Net cash from (used in) operating activities | (1,435,932) | 2,591,592 | 2,520,987 | 2,051,274 | 5,727,921 |
Net cash from (used in) investing activities | 2,686,360 | (11,547,783) | 937,163 | (144,419) | (8,068,679) |
Net cash from (used in) financing activities | (174,421) | 10,171,778 | (737,948) | 598,023 | 9,857,432 |
Increase/(decrease) in cash and cash equivalents | 1,076,007 | 1,215,587 | 2,720,202 | 2,504,878 | 7,516,674 |
Dividend payments to non-controlling interest | - | - | 184,486 | - | 184,486 |
Ownership and voting | ||||
rights | ||||
Name of jointly controlled | Address of jointly controlled | 31 December | 31 December | |
entity | entity | Business activities | 2023 | 2022 |
Slovenia | ||||
GEOENERGO d.o.o. - V | Extraction of natural gas, oil | |||
STEČAJU * | Mlinska ulica 5, Lendava, Slovenia | and gas condensate | 50% | 50% |
Electricity, gas and steam | ||||
Soenergetika d.o.o. | Stara cesta 3, Kranj, Slovenia | supply | 25% | 25% |
Croatia | ||||
Krapanjska cesta 8, Šibenik, | ||||
Vjetroelektrana Dazlina d.o.o. | Croatia | Electricity production | 50% | 50% |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Soenergetika d.o.o. | 327,566 | 1,214,374 | 210,000 | 210,000 |
Vjetroelektrarna Dazlina d.o.o. | 22,674 | 22,816 | 23,000 | 23,000 |
Geoenergo d.o.o. | - | 40,558 | - | - |
Total investments in jointly controlled entities | 350,240 | 1,277,748 | 233,000 | 233,000 |
The Petrol Group | ||
(in EUR) | 2023 | 2022 |
As at 1 January | 1,277,748 | 704,501 |
Attributed profit/loss | 44,439 | 665,483 |
Dividends received | (931,389) | (115,217) |
New acquisitions | - | 23,000 |
Impairment | (40,558) | - |
Foreign exchange differences | - | (19) |
As at 31 December | 350,240 | 1,277,748 |
Net profit | |||||||||
Net assets | Net assets | or loss | |||||||
of jointly | of the | Carrying | attributable | ||||||
Liabilities | controlled | Ownership | Petrol | amount of the | Net profit | to the Petrol | |||
(in EUR) | Assets | (debt) | entities | interest | Group | investment | Revenue | or loss | Group |
Soenergetika | |||||||||
d.o.o. | 5,564,582 | 707,087 | 4,857,495 | 25% | 1,214,374 | 1,214,374 | 7,421,629 | 3,727,173 | 931,793 |
Geoenergo | |||||||||
d.o.o. | 3,107,184 | 2,928,991 | 178,193 | 50% | 89,097 | 40,558 | 5,863,181 | (299,384) | (149,692) |
Vjetroelektrana | |||||||||
Dazlina d.o.o. | 317,212 | 319,028 | (1,816) | 50% | (908) | 22,816 | 517 | (332) | (166) |
Net profit | |||||||||
Net assets | Net assets | or loss | |||||||
of jointly | of the | Carrying | attributable | ||||||
Liabilities | controlled | Ownership | Petrol | amount of the | Net profit | to the Petrol | |||
(in EUR) | Assets | (debt) | entities | interest | Group | investment | Revenue | or loss | Group |
Soenergetika | |||||||||
d.o.o. | 1,596,196 | 285,933 | 1,310,263 | 25% | 327,566 | 327,566 | 2,310,091 | 179,927 | 44,982 |
Geoenergo | |||||||||
d.o.o. | 1,370,771 | 3,810,813 | (2,440,042) | 50% | (1,220,021) | - | 2,260,142 | (2,314,929) | (1,157,464) |
Vjetroelektrana | |||||||||
Dazlina d.o.o. | 530,363 | 532,462 | (2,099) | 50% | (1,050) | 22,674 | 25 | (284) | (142) |
Petrol d.d. | ||
(in EUR) | 2023 | 2022 |
As at 1 January | 233,000 | 210,000 |
New acquisitions | - | 23,000 |
As at 31 December | 233,000 | 233,000 |
Ownership and voting | ||||
rights | ||||
Name of associate | 31 December | 31 December | ||
Address of associate | Business activities | 2023 | 2022 | |
Slovenia | ||||
Management of gas | ||||
Plinhold d.o.o. | Mala ulica 5, Ljubljana, Slovenia | infrastructure | 30% | 30% |
Construction and operation of | ||||
Dupleška cesta 330, Maribor, | industrial and municipal water | |||
Aquasystems d.o.o. | Slovenia | treatment plants | 26% | 26% |
Knešca d.o.o. | Kneža 78, Most na Soči, Slovenia | Electricity production | 47.27% | 47.27% |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Plinhold d.o.o. | 56,930,670 | 54,737,222 | 26,273,425 | 26,273,425 |
Aquasystems d.o.o. | 1,313,597 | 1,309,691 | 337,052 | 337,052 |
Knešca d.o.o. | 1,072,274 | 921,364 | - | - |
Total investments in associates | 59,316,541 | 56,968,277 | 26,610,477 | 26,610,477 |
The Petrol Group | ||
(in EUR) | 2023 | 2022 |
As at 1 January | 56,968,277 | 55,169,626 |
Attributed profit/loss | 3,679,698 | 2,662,912 |
Dividends received | (1,349,918) | (864,261) |
Attributed changes in the equity of associates | 18,484 | - |
As at 31 December | 59,316,541 | 56,968,277 |
Net profit | |||||||||
Net | or loss | ||||||||
assets | Ownershi | Net assets | Carrying | attributable | |||||
Liabilities | of | p | of the | amount of the | Net profit | to the Petrol | |||
(in EUR) | Assets | (debt) | associates | interest | Petrol Group | investment | Revenue | or loss | Group |
Plinhold d.o.o. * | 346,700,000 | 125,100,000 | 221,600,000 | 30% | 65,811,876 | 54,737,222 | 100,000,000 | 5,400,000 | 1,603,719 |
Aquasystems | |||||||||
d.o.o. | 7,428,079 | 2,419,467 | 5,008,612 | 26% | 1,302,239 | 1,309,691 | 8,329,270 | 3,456,249 | 898,625 |
Knešca d.o.o. | 1,546,971 | 104,412 | 1,442,559 | 47.27% | 681,897 | 921,364 | 421,841 | 216,809 | 102,485 |
Net profit | |||||||||
or loss | |||||||||
Ownershi | Net assets | Carrying | attributable | ||||||
Liabilities | Net assets | p | of the | amount of the | Net profit | to the Petrol | |||
(in EUR) | Assets | (debt) | of associates | interest | Petrol Group | investment | Revenue | or loss | Group |
Plinhold d.o.o. * | 327,600,000 | 98,654,252 | 228,945,748 | 30% | 68,324,738 | 56,930,670 | 67,800,000 | 8,300,000 | 2,476,986 |
Aquasystems | |||||||||
d.o.o. | 6,203,887 | 1,151,591 | 5,052,296 | 26% | 1,313,597 | 1,313,597 | 8,771,238 | 3,499,827 | 909,955 |
Knešca d.o.o. | 1,986,621 | 222,506 | 1,764,115 | 47.27% | 833,897 | 1,072,274 | 870,646 | 541,973 | 256,191 |
Petrol d.d. | ||
(in EUR) | 2023 | 2022 |
As at 1 January | 26,610,477 | 26,610,477 |
As at 31 December | 26,610,477 | 26,610,477 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Current balance of financial assets at fair value | ||||
through other comprehensive income | ||||
Assets arising from interest rate swaps | 20,605,792 | 34,616,805 | 18,158,026 | 30,293,507 |
Assets arising from commodity swaps | 1,980,980 | 3,083,184 | 1,980,980 | 3,083,184 |
Bonds | - | 334,077 | - | - |
22,586,772 | 38,034,066 | 20,139,006 | 33,376,691 | |
Non-current balance of financial assets at fair value | ||||
through other comprehensive income | ||||
Shares of companies | 1,929,723 | 2,048,210 | 1,871,378 | 1,871,378 |
Interests in companies | 2,064,136 | 2,064,136 | 246,536 | 246,536 |
3,993,859 | 4,112,346 | 2,117,914 | 2,117,914 | |
Total financial assets at fair value through other | ||||
comprehensive income | 26,580,631 | 42,146,412 | 22,256,920 | 35,494,605 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
As at 1 January | 4,112,346 | 4,133,044 | 2,117,914 | 2,117,914 |
Disposals | (118,487) | (20,698) | - | - |
As at 31 December | 3,993,859 | 4,112,346 | 2,117,914 | 2,117,914 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Loans and other financial receivables | 2,362,489 | 949,277 | 29,071,795 | 59,134,780 |
Total non-current loans | 2,362,489 | 949,277 | 29,071,795 | 59,134,780 |
The Petrol Group | ||
(in EUR) | 2023 | 2022 |
As at 1 January | 949,277 | 991,831 |
New loans | 193,279 | 178,621 |
Loans repaid | (194,783) | (1,355,624) |
Increase in financial leases | 671,081 | - |
Reversal of allowances | - | 638,125 |
Transfer from current loans | 744,462 | 498,189 |
Foreign exchange differences | (827) | (1,865) |
As at 31 December | 2,362,489 | 949,277 |
Petrol d.d. | ||
(in EUR) | 2023 | 2022 |
Non-current loans to subsidiaries | ||
Vjetroelektrarna Ljubač d.o.o. | 21,566,307 | 25,786,626 |
Petrol d.o.o. Beograd | 5,000,000 | 10,000,000 |
STH Energy d.o.o. Kraljevo | 1,402,492 | 1,402,492 |
Ekoen d.o.o. | 80,000 | 173,200 |
Ekoen S d.o.o. | 59,639 | 78,199 |
Vjetroelektrarne Glunča d.o.o. | - | 13,308,291 |
Petrol LPG d.o.o. | - | 6,000,000 |
Petrol d.o.o., Zagreb | - | 2,338,826 |
Total | 28,108,438 | 59,087,634 |
Petrol d.d. | ||
(in EUR) | 2023 | 2022 |
As at 1 January | 59,134,780 | 83,299,185 |
New loans | 20,820,458 | 39,227,436 |
Transfer to current loans | (50,881,736) | (63,373,591) |
Foreign exchange differences | (1,707) | (18,250) |
As at 31 December | 29,071,795 | 59,134,780 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Receivables arising from the sale of solar power plants | 8,466,051 | 7,013,563 | 8,451,738 | 7,007,360 |
Other receivables | 2,191 | 2,193 | 180 | 180 |
Total non-current operating receivables | 8,468,242 | 7,015,756 | 8,451,918 | 7,007,540 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Spare parts and materials | 6,181,410 | 2,827,561 | 5,795,708 | 2,502,499 |
Merchandise: | 199,582,715 | 262,021,704 | 110,159,109 | 148,675,864 |
- fuel | 137,192,459 | 205,210,206 | 65,828,213 | 105,874,708 |
- other petroleum products | 225,765 | 146,102 | 177,755 | 123,081 |
- other merchandise | 62,164,491 | 56,665,396 | 44,153,141 | 42,678,075 |
Total inventories | 205,764,125 | 264,849,265 | 115,954,817 | 151,178,363 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Loans granted | 1,312,797 | 2,365,069 | 36,359,147 | 39,937,625 |
Allowance to the value of loans granted | (779,504) | (779,400) | (718,115) | (718,115) |
Time deposits with banks (3 months to 1 year) | 159,236 | 43,103 | 142,286 | 26,869 |
Interest receivables | 261,432 | 73,654 | 7,845,791 | 6,616,330 |
Allowance for interest receivables | (178,654) | (23,288) | (4,987,117) | (4,518,947) |
Total current loans | 775,307 | 1,679,138 | 38,641,992 | 41,343,762 |
Petrol d.d. | ||
(in EUR) | 31 December 2023 | 31 December 2022 |
Current loans to subsidiaries | ||
Petrol d.o.o., Beograd | 15,000,000 | 16,200,000 |
Atet d.o.o. | 6,774,728 | 3,490,000 |
Petrol LPG d.o.o. | 6,000,000 | - |
E 3, d.o.o. | 3,759,000 | 12,200,000 |
Petrol Power d.o.o. Sarajevo | 3,562,233 | 3,562,233 |
Petrol Bucharest ROM S.R.L. | 603,234 | 603,234 |
Petrol Oti Terminali d.o.o. | 69,975 | 44,975 |
Ekoen d.o.o. | 33,200 | 33,200 |
Ekoen S d.o.o. | 19,550 | 19,550 |
Atet Mobility Zagreb d.o.o. | 4,455 | - |
Petrol Crna Gora MNE | - | 2,500,000 |
Total | 35,826,375 | 38,653,192 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Current financial assets | ||||
Trade receivables | 824,858,769 | 883,095,961 | 556,416,110 | 585,600,764 |
Allowance for trade receivables | (56,144,286) | (58,471,044) | (30,014,240) | (30,333,833) |
Operating interest receivables | 1,870,604 | 1,362,471 | 2,763,821 | 2,232,069 |
Allowance for interest receivables | (1,798,342) | (1,239,410) | (1,368,186) | (843,877) |
Receivables from insurance companies (loss events) | 130,592 | 48,497 | 65,420 | 26,635 |
Other operating receivables | 27,303,395 | 17,874,625 | 12,548,040 | 10,833,971 |
Allowance for other receivables | (2,015,642) | (2,484,713) | (760,777) | (724,840) |
794,205,090 | 840,186,387 | 539,650,188 | 566,790,889 | |
Current non-financial assets | ||||
Operating receivables from state and other institutions | 7,895,943 | 5,008,957 | 47,122 | - |
7,895,943 | 5,008,957 | 47,122 | - | |
Total current operating receivables | 802,101,033 | 845,195,344 | 539,697,310 | 566,790,889 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Assets arising from commodity swaps | 3,960,075 | 2,297,589 | 3,882,986 | 2,176,692 |
Assets arising from currency forward contracts | - | 348,745 | - | 348,745 |
Total financial assets at fair value through profit or | ||||
loss | 3,960,075 | 2,646,334 | 3,882,986 | 2,525,437 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Prepayments and collaterals | 70,919,121 | 80,538,388 | 29,423,366 | 27,457,632 |
Accrued claims against Borzen | 30,551,965 | 6,460,495 | 21,990,157 | 6,460,495 |
Excise duties receivables | 17,850,186 | 14,825,587 | 9,283,423 | 8,163,280 |
Prepaid licences, subscriptions, specialised literature, etc. | 2,557,849 | 3,640,143 | 2,168,119 | 2,888,280 |
Prepaid insurance premiums | 1,647,173 | 1,618,395 | 1,222,171 | 1,299,037 |
Other deferred expenses | 6,587,244 | 8,184,855 | 4,327,834 | 5,199,473 |
Total prepayments and other assets | 130,113,538 | 115,267,863 | 68,415,070 | 51,468,197 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Cash in banks | 60,958,323 | 87,958,378 | 22,829,042 | 43,687,289 |
Short-term deposits (up to 3 months) | 28,002,701 | 14,438 | - | - |
Cash on the way | 16,975,982 | 12,989,715 | 10,191,420 | 7,516,072 |
Total cash and cash equivalents | 105,937,006 | 100,962,531 | 33,020,462 | 51,203,361 |
The Petrol Group | Petrol d.d. | ||||
Currency | |||||
Interest rate | Commodity | forward | Interest rate | Commodity | |
(in EUR) | swaps | derivatives | contracts | swaps | derivatives |
As at 1 January 2022 | (876,597) | 18,013 | - | (1,154,863) | 18,013 |
Changes in fair value - gross | 35,701,883 | (9,854,828) | (8,092,022) | 31,719,264 | 2,572,956 |
Deferred taxes | (6,743,531) | 1,872,416 | 1,537,484 | (6,026,660) | (488,862) |
Non-controlling interests share in | |||||
changes in fair value - gross | - | 3,188,621 | 2,076,186 | - | - |
Deferred taxes | - | (605,838) | (394,475) | - | - |
As at 31 December 2022 | 28,081,755 | (5,381,616) | (4,872,827) | 24,537,741 | 2,102,107 |
Changes in fair value - gross | (14,501,224) | 1,297,818 | (982,507) | (12,624,557) | (93,762) |
Deferred taxes | 2,206,396 | 9,458 | 458,912 | 1,868,597 | (57,228) |
Non-controlling interests share in | |||||
changes in fair value - gross | - | (355,027) | 250,662 | - | - |
Deferred taxes | - | (17,013) | (117,080) | - | - |
As at 31 December 2023 | 15,786,927 | (4,446,380) | (5,262,840) | 13,781,781 | 1,951,117 |
Petrol d.d. | ||
(in EUR) | 31 December 2023 | 31 December 2022 |
Compulsory allocation of net profit | ||
Net profit | 92,805,581 | 19,383,878 |
Net profit after compulsory allocation | 92,805,581 | 19,383,878 |
Creation of other profit reserves | 46,402,790 | 9,691,939 |
Determination of accumulated profit | ||
Net profit | 46,402,790 | 9,691,939 |
Other profit reserves | 27,814,738 | 52,156,001 |
Accumulated profit | 74,217,528 | 61,847,940 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Post-employment benefits on retirement | 5,037,916 | 5,003,701 | 3,946,850 | 3,789,738 |
Jubilee benefits | 2,522,618 | 2,832,984 | 1,988,125 | 2,108,880 |
Total provisions | 7,560,534 | 7,836,685 | 5,934,975 | 5,898,618 |
The Petrol Group | |||
Post- | |||
employment | |||
(in EUR) | benefits | Jubilee benefits | Total |
As at 1 January 2022 | 6,190,099 | 3,325,992 | 9,516,091 |
Current service cost | 483,926 | 80,770 | 564,696 |
Costs of interest | 9,833 | 9,308 | 19,141 |
Post-employment benefits paid | (170,283) | (251,425) | (421,708) |
Actuarial surplus/deficit | (1,501,561) | 76,801 | (1,424,760) |
Reversal | (8,007) | (407,784) | (415,791) |
Foreign exchange differences | (306) | (678) | (984) |
As at 31 December 2022 | 5,003,701 | 2,832,984 | 7,836,685 |
Current service cost | 522,483 | 349,961 | 872,444 |
Costs of interest | 154,171 | 89,131 | 243,302 |
Post-employment benefits paid | (176,463) | (240,939) | (417,402) |
Actuarial surplus/deficit | (466,076) | (490,558) | (956,634) |
Reversal | - | (18,074) | (18,074) |
Foreign exchange differences | 100 | 113 | 213 |
As at 31 December 2023 | 5,037,916 | 2,522,618 | 7,560,534 |
Discount rate | Salary increase | Staff turnover | ||||
Change in | Percentage point | Percentage point | Percentage point | |||
Change by | 1.0 | -1.0 | 1.0 | -1.0 | 1.0 | -1.0 |
Effect on the balance of provisions for | ||||||
employee post-employment and other | ||||||
long-term benefits (in EUR) | (852,624) | 1,005,202 | 1,007,306 | (869,594) | (909,751) | 1,061,882 |
Petrol d.d. | |||
Post- | |||
employment | Jubilee | ||
(in EUR) | benefits | benefits | Total |
As at 1 January 2022 | 5,244,108 | 2,725,701 | 7,969,809 |
Current service cost | 371,525 | - | 371,525 |
Post-employment benefits paid | (146,611) | (218,304) | (364,915) |
Actuarial surplus/deficit | (1,679,284) | (398,517) | (2,077,801) |
As at 31 December 2022 | 3,789,738 | 2,108,880 | 5,898,618 |
Current service cost | 390,072 | 283,918 | 673,990 |
Costs of interest | 114,617 | 63,781 | 178,398 |
Post-employment benefits paid | (139,510) | (211,703) | (351,213) |
Actuarial surplus/deficit | (208,067) | (256,751) | (464,818) |
As at 31 December 2023 | 3,946,850 | 1,988,125 | 5,934,975 |
Discount rate | Salary increase | Staff turnover | ||||
Change in | Percentage point | Percentage point | Percentage point | |||
Change by | 1.0 | -1.0 | 1.0 | -1.0 | 1.0 | -1.0 |
Effect on the balance of provisions for | ||||||
employee post-employment and other | ||||||
long-term benefits (in EUR) | (519,559) | 611,709 | 614,808 | (531,315) | (553,546) | 645,037 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Long-term other provisions | ||||
Provisions for partial non-compliance in the area of | ||||
renewables in transport | 30,037,161 | 12,986,510 | 26,723,525 | 8,869,550 |
Provisions for employee post-employment and other | ||||
long-term benefits at third-party managed service | ||||
stations | 2,436,099 | 2,576,650 | 2,436,099 | 2,576,650 |
Provisions for lawsuits | 2,253,955 | 2,511,603 | 1,522,983 | 1,799,722 |
Other provisions | 153,000 | 136,000 | 153,000 | 136,000 |
34,880,215 | 18,210,763 | 30,835,607 | 13,381,922 | |
Short-term other provisions | ||||
Provisions for onerous contracts | 12,110,941 | 785,846 | 3,397,085 | - |
Other provisions | 690,000 | - | - | - |
12,800,941 | 785,846 | 3,397,085 | - | |
Total other provisions | 47,681,156 | 18,996,609 | 34,232,692 | 13,381,922 |
The Petrol Group | Petrol d.d. | |||||
Prov. for partial | Prov. for partial | |||||
non-compl. in | non-compl. in | |||||
the area of | the area of | |||||
renewables in | Provisions for | Other | renewables in | Provisions for | Other | |
(in EUR) | transport | lawsuits | provisions | transport | lawsuits | provisions |
As at 1 January 2022 | 17,819,686 | 956,347 | 11,506,592 | 12,953,253 | 493,383 | 119,000 |
Creation of provisions | - | 1,957,839 | 17,000 | - | 1,388,615 | 17,000 |
Reversal | (4,823,424) | (319,900) | (11,387,592) | (4,083,703) | - | |
Utilisation | - | (82,276) | - | - | (82,276) | - |
Foreign exchange differences | (9,752) | (407) | - | - | - | - |
As at 31 December 2022 | 12,986,510 | 2,511,603 | 136,000 | 8,869,550 | 1,799,722 | 136,000 |
Creation of provisions | 20,199,481 | 382,219 | 17,000 | 17,853,975 | 243,063 | 17,000 |
Reversal | - | (56,087) | - | - | - | - |
Utilisation | (3,149,910) | (583,856) | - | - | (519,802) | - |
Foreign exchange differences | 1,080 | 76 | - | - | - | - |
As at 31 December 2023 | 30,037,161 | 2,253,955 | 153,000 | 26,723,525 | 1,522,983 | 153,000 |
Petrol d.d. | |||
Post-employment | Jubilee | ||
(in EUR) | benefits | benefits | Total |
As at 1 January 2022 | 2,241,694 | 1,799,160 | 4,040,854 |
Current service cost | 127,960 | (533,352) | (405,392) |
Post-employment benefits paid | (51,087) | (103,895) | (154,982) |
Actuarial surplus/deficit | (903,830) | - | (903,830) |
As at 31 December 2022 | 1,414,737 | 1,161,913 | 2,576,650 |
Current service cost | (63,519) | (104,878) | (168,397) |
Post-employment benefits paid | 160,928 | 184,778 | 345,706 |
Actuarial surplus/deficit | (143,898) | (173,962) | (317,860) |
As at 31 December 2023 | 1,368,248 | 1,067,851 | 2,436,099 |
Discount rate | Salary increase | Staff turnover | ||||
Change in | Percentage point | Percentage point | Percentage point | |||
Change by | 1.0 | -1.0 | 1.0 | -1.0 | 1.0 | -1.0 |
Effect on the balance of provisions for | ||||||
employee post-employment and other | ||||||
long-term benefits (in EUR) | (209,130) | 244,883 | 246,120 | (213,875) | (223,055) | 258,440 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Long-term deferred income | ||||
Income from grants | 27,929,212 | 29,273,409 | 26,473,236 | 27,700,709 |
Funds received from European projects | 8,235,202 | 7,013,570 | 2,233,123 | 1,192,619 |
Other deferred income | 3,641,543 | 3,644,290 | 814,743 | 687,768 |
39,805,957 | 39,931,269 | 29,521,102 | 29,581,096 | |
Short-term deferred income | ||||
Income from grants | 2,876,736 | 2,899,809 | 2,837,142 | 2,855,782 |
Funds received from European projects | 385,660 | 1,218,112 | 385,660 | 1,218,112 |
Other deferred income | 2,356,170 | 652,322 | 2,238,410 | 569,312 |
5,618,566 | 4,770,243 | 5,461,212 | 4,643,206 | |
Total deferred income | 45,424,523 | 44,701,512 | 34,982,314 | 34,224,302 |
Funds received | Other | |||
Income from | from European | deferred | ||
(in EUR) | grants | projects | income | Total |
As at 1 January 2022 | 27,598,505 | 3,001,727 | 3,847,212 | 34,447,444 |
Increase | 5,915,240 | 7,955,227 | 654,232 | 14,524,699 |
Decrease | (4,241,934) | (3,941,574) | (850,156) | (9,033,664) |
Foreign exchange differences | 1,598 | (1,810) | (6,998) | (7,210) |
As at 31 December 2022 | 29,273,409 | 7,013,570 | 3,644,290 | 39,931,269 |
Increase | 3,661,076 | 2,067,590 | 502,758 | 6,231,424 |
Decrease | (5,005,281) | (846,193) | (506,184) | (6,357,658) |
Foreign exchange differences | 8 | 235 | 679 | 922 |
As at 31 December 2023 | 27,929,212 | 8,235,202 | 3,641,543 | 39,805,957 |
Funds received | Other | |||
Income from | from European | deferred | ||
(in EUR) | grants | projects | income | Total |
As at 1 January 2022 | 26,492,535 | 2,098,170 | 868,366 | 29,459,071 |
Increase | 5,318,197 | 2,045,004 | 172,244 | 7,535,445 |
Decrease | (4,110,023) | (2,950,555) | (352,842) | (7,413,420) |
As at 31 December 2022 | 27,700,709 | 1,192,619 | 687,768 | 29,581,096 |
Increase | 3,661,076 | 1,743,153 | 450,885 | 5,855,114 |
Decrease | (4,888,549) | (702,649) | (323,910) | (5,915,108) |
As at 31 December 2023 | 26,473,236 | 2,233,123 | 814,743 | 29,521,102 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Current borrowings and other fin. liabilities | ||||
Bank loans | 70,011,290 | 85,954,276 | 33,610,872 | 59,493,518 |
Bonds issued | 33,252,298 | 300,831 | 33,252,298 | 300,831 |
Liab. to banks arising from currency forward contracts | 10,422,565 | 8,837,601 | 1,348,035 | 745,579 |
Liabilities to banks arising from interest rate swaps | 489,076 | - | 489,076 | - |
Other loans and financial liabilities | 428,281 | 1,563,725 | 155,187,964 | 165,271,773 |
114,603,510 | 96,656,433 | 223,888,245 | 225,811,701 | |
Non-current borrowings and other fin. liabilities | ||||
Bank loans | 335,661,995 | 357,416,530 | 268,685,376 | 300,538,159 |
Bonds issued | 10,996,457 | 43,816,929 | 10,996,457 | 43,816,929 |
Loans obtained from other companies | 378,957 | 379,543 | 21,000,000 | 21,000,000 |
347,037,409 | 401,613,002 | 300,681,833 | 365,355,088 | |
Total borrowings and other fin. liabilities | 461,640,919 | 498,269,435 | 524,570,078 | 591,166,789 |
Petrol d.d. | ||
(in EUR) | 31 December 2023 | 31 December 2022 |
Petrol d.o.o. | 84,133,907 | 96,031,378 |
Geoplin d.o.o. Ljubljana | 37,300,000 | 38,500,000 |
IGES d.o.o. | 15,820,616 | 15,803,898 |
Petrol BH Oil Company d.o.o. Sarajevo | 11,700,000 | 11,700,000 |
Petrol Trade Handelsgesellschaft m.b.H. | 10,709,177 | 10,193,496 |
Petrol Geo d.o.o. | 3,665,544 | 2,866,518 |
MBills d.o.o. | 400,000 | 1,650,000 |
Geoenergo d.o.o. | 300,000 | 300,000 |
Petrol Skladiščenje d.o.o. | 116,191 | 109,365 |
Total | 164,145,435 | 177,154,655 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
As at 1 January | 498,269,435 | 499,655,101 | 591,166,789 | 676,925,182 |
Proceeds from borrowings | 1,552,485,681 | 1,884,402,641 | 2,777,680,740 | 2,577,234,111 |
Repayment of borrowings | (1,592,468,739) | (1,891,704,933) | (2,849,458,380) | (2,662,608,090) |
Change in fair value of financial instruments | 2,074,040 | 6,046,358 | 1,091,532 | (2,046,881) |
Interest expense | 22,326,600 | 9,869,568 | 22,587,337 | 10,015,746 |
Interest paid | (21,066,732) | (9,853,535) | (18,497,940) | (8,353,279) |
Foreign exchange differences | 20,634 | (145,765) | - | - |
As at 31 December | 461,640,919 | 498,269,435 | 524,570,078 | 591,166,789 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Non-current lease liabilities | 99,759,274 | 101,100,126 | 27,578,972 | 27,331,350 |
Current lease liabilities | 21,054,721 | 17,498,969 | 4,318,028 | 3,965,318 |
Total lease liabilities | 120,813,995 | 118,599,095 | 31,897,000 | 31,296,668 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
As at 1 January | 118,599,095 | 106,759,763 | 31,296,668 | 29,453,129 |
Increase | 23,271,760 | 96,549,794 | 5,251,471 | 5,711,402 |
Cancellation | (621,682) | (67,938,761) | - | - |
Lease payments | (20,484,188) | (16,611,194) | (4,651,139) | (3,867,863) |
Interest expense | 4,114,463 | 4,557,812 | 1,345,775 | 1,315,973 |
Interest paid | (4,114,463) | (4,557,812) | (1,345,775) | (1,315,973) |
Foreign exchange differences | 49,010 | (160,507) | - | - |
As at 31 December | 120,813,995 | 118,599,095 | 31,897,000 | 31,296,668 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Liabilities arising from interests acquired | 24,000 | 2,024,000 | 24,000 | 2,024,000 |
Liabilities arising from assets received for administration | 506,968 | 572,382 | 506,968 | 572,382 |
Total non-current operating liabilities | 530,968 | 2,596,382 | 530,968 | 2,596,382 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Current financial liabilities | ||||
Trade liabilities | 732,510,278 | 829,990,796 | 583,652,292 | 598,342,065 |
Liabilities arising from interests acquired | 2,450,000 | 3,947,693 | 2,450,000 | 3,450,000 |
Liabilities associated with the allocation of profit or loss | 768,880 | 768,880 | 768,880 | 768,880 |
Other liabilities | 1,632,158 | 3,507,389 | 1,665,900 | 3,463,423 |
737,361,316 | 838,214,758 | 588,537,072 | 606,024,368 | |
Current non-financial liabilities | ||||
Excise duty liabilities | 68,474,917 | 116,169,181 | 51,712,805 | 101,934,781 |
Value added tax liabilities | 50,480,396 | 103,251,423 | 19,609,923 | 73,163,760 |
Other liabilities to the state and other state institutions | 12,898,659 | 4,815,981 | 7,925,634 | 1,720,853 |
Liabilities to employees | 11,690,842 | 10,274,352 | 7,532,216 | 6,529,867 |
Liabilities for environmental charges and contributions | 10,970,072 | 4,486,633 | 8,435,837 | 1,886,975 |
Social security contribution liabilities | 2,062,835 | 1,945,001 | 1,113,862 | 952,677 |
Import duty liabilities | 1,680,803 | 2,946,580 | - | - |
158,258,524 | 243,889,151 | 96,330,277 | 186,188,913 | |
Total current operating and other liabilities | 895,619,840 | 1,082,103,909 | 684,867,349 | 792,213,281 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Fair value through profit or loss | 786,130 | 16,956,682 | 233,737 | 15,519,612 |
Fair value of derivatives used for hedging | 11,036,203 | 12,915,774 | - | 487,990 |
Total commodity derivative instruments | 11,822,333 | 29,872,456 | 233,737 | 16,007,602 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Short-term prepayments and securities given | 21,360,140 | 20,018,795 | 14,668,007 | 16,295,826 |
Deferred prepaid card revenue | 3,338,151 | 3,016,958 | 2,309,293 | 2,071,191 |
Deferred revenue from rebates and discounts granted | 568,122 | 86,523 | - | - |
Other | 24,163 | 31,299 | - | - |
Total contract liabilities | 25,290,576 | 23,153,575 | 16,977,300 | 18,367,017 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Accrued labour costs | 14,772,434 | 4,384,421 | 14,266,708 | 3,883,773 |
Accrued costs of materials and goods | 6,799,106 | 3,119,094 | 2,215,060 | 648,811 |
Accrued other costs | 5,517,159 | 4,505,825 | 2,725,837 | 1,988,259 |
Accrued costs of services | 5,452,832 | 3,434,650 | 3,650,557 | 1,802,423 |
Liabilities for network charges | 5,004,682 | 1,228,013 | 4,131,661 | 846,337 |
Accrued annual leave expenses | 3,845,052 | 3,964,599 | 2,452,130 | 2,279,179 |
Accrued costs of electricity and gas | 3,573,475 | 2,682,375 | 6,687,455 | 13,468,189 |
Accrued costs of services provided to energy solutions | 2,034,953 | 2,728,252 | - | - |
Accrued expenses for tanker demurrage | 1,446,767 | 968,947 | 1,349,135 | 968,947 |
Accrued costs of intellectual services | 352,785 | 515,916 | 182,548 | 301,793 |
Accrued concession fee costs | 318,841 | 360,333 | 318,841 | 356,736 |
Accrued motorway site lease payments | 153,030 | 531,993 | 153,030 | 531,993 |
Accrued charges for payment cards | 4,607 | 474,296 | - | 472,236 |
Accrued contractual penalties | - | 3,664,115 | - | 2,933,191 |
Total other liabilities | 49,275,723 | 32,562,829 | 38,132,962 | 30,481,867 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 31 December 2023 | 31 December 2022 | 31 December 2023 | 31 December 2022 |
Financial assets at fair value through other | ||||
comprehensive income | 26,580,631 | 42,146,412 | 22,256,920 | 35,494,605 |
Non-current loans | 2,362,489 | 949,277 | 29,071,795 | 59,134,780 |
Non-current operating receivables | 8,468,242 | 7,015,756 | 8,451,918 | 7,007,540 |
Contract assets | 6,052,405 | 13,319,362 | 211,844 | 11,722,300 |
Current loans | 775,307 | 1,679,138 | 38,641,992 | 41,343,762 |
Current operating receivables (excluding rec. | ||||
from the state) | 794,205,090 | 840,186,387 | 539,650,188 | 566,790,889 |
Financial assets at fair value through profit or | ||||
loss | 3,960,075 | 2,646,334 | 3,882,986 | 2,525,437 |
Cash and cash equivalents | 105,937,006 | 100,962,531 | 33,020,462 | 51,203,361 |
Total assets | 948,341,245 | 1,008,905,197 | 675,188,105 | 775,222,674 |
Breakdown by maturity | ||||||
Up to | Including 30 | Including 60 | More than | |||
30 days | to 60 days | to 90 days | 90 days | |||
(in EUR) | Not yet due | overdue | overdue | overdue | overdue | Total |
Trade receivables | 738,315,493 | 71,183,742 | 9,407,479 | 3,515,484 | 2,202,719 | 824,624,917 |
Interest receivables | 6,188 | 1,933 | 33,538 | 16,781 | 64,621 | 123,061 |
Other receivables (excluding | ||||||
receivables from the state) | 14,610,337 | 787,652 | 188 | 758 | 39,474 | 15,438,409 |
Total as at 31 December 2022 | 752,932,018 | 71,973,327 | 9,441,205 | 3,533,023 | 2,306,814 | 840,186,387 |
Breakdown by maturity | ||||||
Including 30 | Including 60 | More than | ||||
Up to 30 days | to 60 days | to 90 days | 90 days | |||
(in EUR) | Not yet due | overdue | overdue | overdue | overdue | Total |
Trade receivables | ||||||
Expected loss rate | 2% | 2% | 2% | 88% | 73% | |
Gross value | 693,753,105 | 58,506,817 | 14,129,197 | 3,830,103 | 54,639,547 | 824,858,769 |
Allowance | (11,481,030) | (1,083,595) | (245,025) | (3,379,091) | (39,955,545) | (56,144,286) |
682,272,075 | 57,423,222 | 13,884,172 | 451,012 | 14,684,002 | 768,714,483 | |
Operating interest receivables | ||||||
Expected loss rate | 95% | - | - | - | 97% | |
Gross value | 958,124 | - | - | - | 912,480 | 1,870,604 |
Allowance | (912,256) | - | - | - | (886,086) | (1,798,342) |
45,868 | - | - | - | 26,394 | 72,262 | |
Other receivables (excluding | ||||||
receivables from the state) | ||||||
Expected loss rate | 6% | 6% | 6% | 90% | 49% | |
Gross value | 23,463,661 | 2,975,880 | 1,543 | 193 | 992,710 | 27,433,987 |
Allowance | (1,346,361) | (183,324) | (98) | (174) | (485,685) | (2,015,642) |
22,117,300 | 2,792,556 | 1,445 | 19 | 507,025 | 25,418,345 | |
Total as at 31 December 2023 | 704,435,243 | 60,215,778 | 13,885,617 | 451,031 | 15,217,421 | 794,205,090 |
Breakdown by maturity | ||||||
Up to | Including 30 | Including 60 | More than | |||
30 days | to 60 days | to 90 days | 90 days | |||
(in EUR) | Not yet due | overdue | overdue | overdue | overdue | Total |
Trade receivables | 513,737,535 | 27,798,258 | 4,482,811 | 1,589,324 | 7,659,003 | 555,266,931 |
Interest receivables | - | - | - | - | 1,388,192 | 1,388,192 |
Other receivables (excluding | ||||||
receivables from the state) | 9,531,621 | 563,655 | 188 | 758 | 39,544 | 10,135,766 |
Total as at 31 December 2022 | 523,269,156 | 28,361,913 | 4,482,999 | 1,590,082 | 9,086,739 | 566,790,889 |
Breakdown by maturity | ||||||
Including 30 | Including 60 | More than | ||||
Up to 30 days | to 60 days | to 90 days | 90 days | |||
(in EUR) | Not yet due | overdue | overdue | overdue | overdue | Total |
Trade receivables | ||||||
Expected loss rate | 2% | 2% | 2% | 74% | 50% | |
Gross value | 482,971,082 | 24,571,334 | 6,898,363 | 2,622,012 | 39,353,319 | 556,416,110 |
Allowance | (7,782,047) | (451,861) | (133,885) | (1,947,712) | (19,698,735) | (30,014,240) |
475,189,035 | 24,119,473 | 6,764,478 | 674,300 | 19,654,584 | 526,401,870 | |
Interest receivables | ||||||
Expected loss rate | 99% | - | - | - | 31% | |
Gross value | 765,434 | - | - | - | 1,998,387 | 2,763,821 |
Allowance | (758,556) | - | - | - | (609,630) | (1,368,186) |
6,878 | - | - | - | 1,388,757 | 1,395,635 | |
Other receivables (excluding | ||||||
receivables from the state) | ||||||
Expected loss rate | 5% | 5% | - | 85% | 31% | |
Gross value | 11,857,173 | 125,437 | - | 129 | 630,721 | 12,613,460 |
Allowance | (556,943) | (5,925) | - | (110) | (197,799) | (760,777) |
11,300,230 | 119,512 | - | 19 | 432,922 | 11,852,683 | |
Total as at 31 December 2023 | 486,496,143 | 24,238,985 | 6,764,478 | 674,319 | 21,476,263 | 539,650,188 |
Allowance for | Allowance for | ||
current operating | current interest | ||
(in EUR) | receivables | receivables | Total |
As at 1 January 2022 | (59,089,851) | (1,192,941) | (60,282,792) |
Creation/reversal of allowances affecting profit or loss | (7,598,209) | (99,466) | (7,697,675) |
Changes in allowances not affecting profit or loss | 249,964 | (290,411) | (40,447) |
Write-offs | 5,462,098 | 343,417 | 5,805,515 |
Foreign exchange differences | 20,241 | (9) | 20,232 |
As at 31 December 2022 | (60,955,757) | (1,239,410) | (62,195,167) |
Allowance for | Allowance for | ||
current operating | current interest | ||
(in EUR) | receivables | receivables | Total |
As at 1 January 2023 | (60,955,757) | (1,239,410) | (62,195,167) |
Creation/reversal of allowances affecting profit or loss | 1,031,395 | 17,367 | 1,048,762 |
Changes in allowances not affecting profit or loss | 12,543 | (677,953) | (665,410) |
Write-offs | 1,751,523 | 101,659 | 1,853,182 |
Foreign exchange differences | 368 | (5) | 363 |
As at 31 December 2023 | (58,159,928) | (1,798,342) | (59,958,270) |
Allowance for | Allowance for | ||
current operating | current interest | ||
(in EUR) | receivables | receivables | Total |
As at 1 January 2022 | (31,923,202) | (943,204) | (32,866,406) |
Creation/reversal of allowances affecting profit or loss | (2,734,572) | - | (2,734,572) |
Changes in allowances not affecting profit or loss | - | (193,123) | (193,123) |
Write-offs | 3,599,101 | 292,450 | 3,891,551 |
As at 31 December 2022 | (31,058,673) | (843,877) | (31,902,550) |
Allowance for | Allowance for | ||
current operating | current interest | ||
(in EUR) | receivables | receivables | Total |
As at 1 January 2023 | (31,058,673) | (843,877) | (31,902,550) |
Creation/reversal of allowances affecting profit or loss | (654,678) | - | (654,678) |
Changes in allowances not affecting profit or loss | - | (564,855) | (564,855) |
Write-offs | 938,334 | 40,546 | 978,880 |
As at 31 December 2023 | (30,775,017) | (1,368,186) | (32,143,203) |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Current trade receivables | 824,858,769 | 883,095,961 | 556,416,110 | 585,600,764 |
Allowances | (56,144,286) | (58,471,044) | (30,014,240) | (30,333,833) |
Current trade receivables including allowances | 768,714,483 | 824,624,917 | 526,401,870 | 555,266,931 |
Overdue current trade receivables (gross amount) | 143,245,822 | 130,909,575 | 73,445,029 | 62,527,269 |
Share of overdue receivables in outstanding receivables | 17 % | 15 % | 13 % | 11 % |
Current operating receivables over EUR 100,000 | ||||
secured with high-quality collaterals: | ||||
Credit insurance | 253,311,160 | 283,079,740 | 114,753,340 | 126,186,073 |
Supplier (offsetting transaction) | 197,450,774 | 210,720,716 | 187,055,208 | 166,740,382 |
Bank guarantee | 10,460,974 | 12,705,138 | 2,894,052 | 3,162,336 |
Lien | 9,312,497 | 10,151,491 | 4,951,855 | 5,666,766 |
High-quality guarantee | 6,968,149 | 8,726,199 | 6,568,149 | 7,923,843 |
Received prepayments and collaterals | 5,590,201 | 9,353,964 | 5,064,499 | 9,181,402 |
Total current operating receivables over EUR | ||||
100,000 secured with high-quality collaterals | 483,093,755 | 534,737,248 | 321,287,103 | 318,860,802 |
Collateral coverage (v %) | 87 % | 79 % | 87 % | 84 % |
The Petrol Group | Petrol d.d. | |||
(in days) | 2023 | 2022 | 2023 | 2022 |
Days sales outstanding | ||||
Contract days | 40 | 27 | 36 | 23 |
Overdue receivables in days | 5 | 3 | 3 | 2 |
Total days sales outstanding | 45 | 30 | 39 | 25 |
Contractual cash flows | ||||||
Carrying | ||||||
amount of | More than 5 | |||||
(in EUR) | liabilities | Liability | 0 to 6 months | 6 to 12 months | 1 to 5 years | years |
Non-current borrowings and other | ||||||
financial liabilities | 401,613,002 | 433,536,129 | - | - | 372,631,738 | 60,904,391 |
Non-current lease liabilities | 101,100,126 | 109,074,515 | - | - | 85,655,698 | 23,418,817 |
Non-current operating liabilities | ||||||
(excluding other liabilities) | 2,024,000 | 2,024,000 | - | - | 2,024,000 | - |
Current borrowings and other finacial | ||||||
liabilities | 96,656,433 | 110,096,768 | 61,187,352 | 48,909,416 | - | - |
Current lease liabilities | 17,498,969 | 21,007,713 | 11,041,027 | 9,966,686 | - | - |
Liabilities arising from commodity | ||||||
forward contracts* | - | 1,636,926,610 | 756,687,613 | 622,733,589 | 257,505,408 | - |
Current operating liabilities (excluding | ||||||
liabilities to the state, employees and | ||||||
arising from advance payments) | 838,214,758 | 838,214,758 | 837,450,259 | 764,499 | - | - |
Commodity derivative instruments | 29,872,456 | 29,872,456 | 29,872,456 | - | - | - |
As at 31 December 2022 | 1,486,979,744 | 3,180,752,949 | 1,696,238,707 | 682,374,190 | 717,816,844 | 84,323,208 |
Contractual cash flows | ||||||
Carrying | ||||||
amount of | More than 5 | |||||
(in EUR) | liabilities | Liability | 0 to 6 months | 6 to 12 months | 1 to 5 years | years |
Non-current borrowings and other | ||||||
financial liabilities | 347,037,409 | 378,330,773 | - | - | 372,294,805 | 6,035,968 |
Non-current lease liabilities | 99,759,274 | 120,378,836 | - | - | 73,543,153 | 46,835,683 |
Non-current operating liabilities | ||||||
(excluding other liabilities) | 24,000 | 24,000 | - | - | 24,000 | - |
Current borrowings and other finacial | ||||||
liabilities | 114,603,510 | 132,935,288 | 85,597,612 | 47,337,676 | - | - |
Current lease liabilities | 21,054,721 | 23,616,157 | 12,244,724 | 11,371,433 | - | - |
Liabilities arising from commodity | ||||||
forward contracts* | - | 733,408,829 | 319,919,815 | 283,494,586 | 129,994,428 | - |
Current operating liabilities (excluding | ||||||
liabilities to the state, employees and | ||||||
arising from advance payments) | 737,361,316 | 737,361,316 | 736,893,967 | 467,349 | - | - |
Commodity derivative instruments | 11,822,333 | 11,822,333 | 11,822,333 | - | - | - |
As at 31 December 2023 | 1,331,662,563 | 2,137,877,532 | 1,166,478,451 | 342,671,044 | 575,856,386 | 52,871,651 |
Contractual cash flows | ||||||
Carrying | ||||||
amount of | More than 5 | |||||
(in EUR) | liabilities | Liability | 0 to 6 months | 6 to 12 months | 1 to 5 years | years |
Non-current borrowings and other | ||||||
financial liabilities | 365,355,088 | 397,362,215 | - | - | 315,808,328 | 81,553,887 |
Non-current lease liabilities | 27,331,350 | 36,394,573 | - | - | 16,335,004 | 20,059,569 |
Non-current operating liabilities | ||||||
(excluding other liabilities) | 2,024,000 | 2,024,000 | - | - | 2,024,000 | - |
Current borrowings and other finacial | ||||||
liabilities | 225,811,701 | 240,808,279 | 200,158,490 | 40,649,789 | - | - |
Current lease liabilities | 3,965,318 | 5,162,635 | 2,691,072 | 2,471,563 | - | - |
Liabilities arising from commodity | ||||||
forward contracts* | - | 1,625,382,552 | 748,075,117 | 619,802,027 | 257,505,408 | - |
Current operating liabilities (excluding | ||||||
liabilities to the state, employees and | ||||||
arising from advance payments) | 606,024,368 | 606,024,367 | 605,806,817 | 217,550 | - | - |
Commodity derivative instruments | 16,007,602 | 16,007,602 | 16,007,602 | - | - | - |
Contingent liab. for guarantees issued** | - | 368,063,707 | 368,063,707 | - | - | - |
As at 31 December 2022 | 1,246,519,427 | 3,297,229,930 | 1,940,802,805 | 663,140,929 | 591,672,740 | 101,613,456 |
Contractual cash flows | ||||||
Carrying | ||||||
amount of | More than 5 | |||||
(in EUR) | liabilities | Liability | 0 to 6 months | 6 to 12 months | 1 to 5 years | years |
Non-current borrowings and other | ||||||
financial liabilities | 300,681,833 | 327,843,222 | - | - | 327,843,222 | - |
Non-current lease liabilities | 27,578,972 | 36,578,527 | - | - | 17,035,833 | 19,542,694 |
Non-current operating liabilities | ||||||
(excluding other liabilities) | 24,000 | 24,000 | - | - | 24,000 | - |
Current borrowings and other finacial | ||||||
liabilities | 223,888,245 | 240,887,378 | 96,671,194 | 144,216,184 | - | - |
Current lease liabilities | 4,318,028 | 5,619,397 | 3,129,952 | 2,489,445 | - | - |
Liabilities arising from commodity | ||||||
forward contracts* | - | 727,965,886 | 316,833,117 | 281,138,341 | 129,994,428 | - |
Current operating liabilities (excluding | ||||||
liabilities to the state, employees and | ||||||
arising from advance payments) | 588,537,072 | 588,537,072 | 588,199,816 | 337,256 | - | - |
Commodity derivative instruments | 233,737 | 233,737 | 233,737 | - | - | - |
Contingent liab. for guarantees issued** | - | 542,532,723 | 542,532,723 | - | - | - |
As at 31 December 2023 | 1,145,261,887 | 2,470,221,942 | 1,547,600,539 | 428,181,226 | 474,897,483 | 19,542,694 |
The Petrol Group | ||||||||
31 December 2022 | ||||||||
(in EUR) | EUR | USD | HRK | BAM | RSD | RON | Other | Total |
Cash and cash equivalents | 54,580,906 | 7,933,042 | 19,251,321 | 3,514,250 | 10,561,710 | 4,340,968 | 780,334 | 100,962,531 |
Current operating receivables (excluding rec. from the state) | 664,758,580 | 3,185,317 | 101,803,591 | 38,109,671 | 31,832,732 | 442,479 | 54,017 | 840,186,387 |
Non-current operating receivables | 7,013,743 | - | - | - | 2,013 | - | - | 7,015,756 |
Current loans | 1,321,649 | - | 340,265 | 990 | - | - | 16,234 | 1,679,138 |
Non-current loans | 52,798 | - | 894,523 | - | - | 1,956 | - | 949,277 |
Non-current operating liabilities (excluding other liabilities) | (2,024,000) | - | - | - | - | - | - | (2,024,000) |
Current operating liabilities (excluding liabilities to the state, | ||||||||
employees and arising from advance payments) | (651,101,201) | (143,987,078) | (37,239,860) | (2,000,207) | (3,710,871) | - | (175,541) | (838,214,758) |
Non-current borrowings and other financial liabilities | (351,703,263) | - | (49,909,739) | - | - | - | - | (401,613,002) |
Non-current lease liabilities | (94,209,290) | - | - | (2,930,085) | (3,960,751) | - | - | (101,100,126) |
Current borrowings and other financial liabilities | (96,375,479) | - | (280,954) | - | - | - | - | (96,656,433) |
Current lease liabilities | (16,459,073) | - | - | (401,466) | (638,430) | - | - | (17,498,969) |
Commodity derivative instruments | (15,398,684) | (14,473,772) | (29,872,456) | |||||
Exposure of the statement of financial position | (499,543,314) | (147,342,491) | 34,859,147 | 36,293,153 | 34,086,403 | 4,785,403 | 675,044 | (536,186,655) |
Nominal value of currency forward contracts | (450,436,390) | 440,579,195 | - | - | - | 9,857,195 | - | - |
Net exposure of the statement of financial position | (949,979,704) | 293,236,704 | 34,859,147 | 36,293,153 | 34,086,403 | 14,642,598 | 675,044 | (536,186,655) |
The Petrol Group | |||||||
31 December 2023 | |||||||
(in EUR) | EUR | USD | BAM | RSD | RON | Other | Total |
Cash and cash equivalents | 76,271,007 | 1,885,637 | 8,238,436 | 10,559,276 | 3,196,175 | 5,786,475 | 105,937,006 |
Current operating receivables (excluding rec. from the state) | 725,035,613 | 1,127,708 | 35,609,602 | 31,136,326 | 442,479 | 853,362 | 794,205,090 |
Non-current operating receivables | 8,466,231 | - | - | 2,011 | - | - | 8,468,242 |
Current loans | 758,774 | - | 302 | - | - | 16,231 | 775,307 |
Non-current loans | 2,360,267 | - | - | - | 2,222 | - | 2,362,489 |
Non-current operating liabilities (excluding other liabilities) | (24,000) | - | - | - | - | - | (24,000) |
Current operating liabilities (excluding liabilities to the state, | |||||||
employees and arising from advance payments) | (548,516,230) | (181,173,131) | (2,706,561) | (1,421,777) | (883,997) | (2,659,620) | (737,361,316) |
Non-current borrowings and other financial liabilities | (347,037,409) | - | - | - | - | - | (347,037,409) |
Non-current lease liabilities | (92,875,420) | - | (3,406,747) | (3,477,107) | - | - | (99,759,274) |
Current borrowings and other financial liabilities | (114,603,510) | - | - | - | - | - | (114,603,510) |
Current lease liabilities | (19,899,890) | - | (485,534) | (669,297) | - | - | (21,054,721) |
Commodity derivative instruments | - | (11,822,333) | (11,822,333) | ||||
Exposure of the statement of financial position | (310,064,567) | (189,982,119) | 37,249,498 | 36,129,432 | 2,756,879 | 3,996,448 | (419,914,429) |
Nominal value of currency forward contracts | (446,951,137) | 446,951,137 | - | - | - | - | - |
Net exposure of the statement of financial position | (757,015,704) | 256,969,018 | 37,249,498 | 36,129,432 | 2,756,879 | 3,996,448 | (419,914,429) |
Petrol d.d. | ||||||||
31 December 2022 | ||||||||
(in EUR) | EUR | USD | HRK | BAM | RSD | RON | Other | Total |
Cash and cash equivalents | 38,154,909 | 7,914,181 | 106,873 | - | 29,396 | 4,300,827 | 697,175 | 51,203,361 |
Current operating receivables (excluding rec. from the state) | 564,992,018 | 898,973 | 403,841 | - | - | 442,479 | 53,578 | 566,790,889 |
Non-current operating receivables | 7,007,540 | - | - | - | - | - | - | 7,007,540 |
Current loans | 41,042,883 | - | 300,879 | - | - | - | - | 41,343,762 |
Non-current loans | 56,795,954 | - | 2,338,826 | - | - | - | - | 59,134,780 |
Non-current operating liabilities (excluding other liabilities) | (2,024,000) | - | - | - | - | - | - | (2,024,000) |
Current operating liabilities (excluding liabilities to the state, | ||||||||
employees and arising from advance payments) | (461,963,051) | (143,881,855) | (5,961) | - | - | - | (173,500) | (606,024,367) |
Non-current borrowings and other financial liabilities | (365,355,088) | - | - | - | - | - | - | (365,355,088) |
Non-current lease liabilities | (27,331,350) | - | - | - | - | - | - | (27,331,350) |
Current borrowings and other financial liabilities | (225,449,533) | - | (362,168) | - | - | - | - | (225,811,701) |
Current lease liabilities | (3,965,318) | - | - | - | - | - | - | (3,965,318) |
Commodity derivative instruments | (15,398,684) | (608,918) | (16,007,602) | |||||
Exposure of the statement of financial position | (393,493,720) | (135,677,619) | 2,782,290 | - | 29,396 | 4,743,306 | 577,253 | (521,039,094) |
Nominal value of currency forward contracts | (151,093,284) | 141,236,089 | - | - | - | 9,857,195 | - | - |
Net exposure of the statement of financial position | (544,587,004) | 5,558,470 | 2,782,290 | - | 29,396 | 14,600,501 | 577,253 | (521,039,094) |
Petrol d.d. | |||||||
31 December 2023 | |||||||
(in EUR) | EUR | USD | BAM | RSD | RON | Other | Total |
Cash and cash equivalents | 23,671,558 | 529,488 | 152 | 29,366 | 3,078,244 | 5,711,654 | 33,020,462 |
Current operating receivables (excluding rec. from the state) | 538,876,149 | - | - | - | - | 774,039 | 539,650,188 |
Non-current operating receivables | 8,451,918 | - | - | - | - | - | 8,451,918 |
Current loans | 38,641,992 | - | - | - | - | - | 38,641,992 |
Non-current loans | 29,071,795 | - | - | - | - | - | 29,071,795 |
Non-current operating liabilities (excluding other liabilities) | (24,000) | - | - | - | - | - | (24,000) |
Current operating liabilities (excluding liabilities to the state, | |||||||
employees and arising from advance payments) | (254,284,242) | (149,016,175) | - | - | (943,761) | (184,292,894) | (588,537,072) |
Non-current borrowings and other financial liabilities | (300,681,833) | - | - | - | - | - | (300,681,833) |
Non-current lease liabilities | (27,578,972) | - | - | - | - | - | (27,578,972) |
Current borrowings and other financial liabilities | (223,888,245) | - | - | - | - | - | (223,888,245) |
Current lease liabilities | (4,318,028) | - | - | - | - | - | (4,318,028) |
Commodity derivative instruments | - | (233,737) | (233,737) | ||||
Exposure of the statement of financial position | (172,061,908) | (148,720,424) | 152 | 29,366 | 2,134,483 | (177,807,201) | (496,425,532) |
Nominal value of currency forward contracts | (126,733,121) | 126,733,121 | - | - | - | - | - |
Net exposure of the statement of financial position | (298,795,029) | (21,987,303) | 152 | 29,366 | 2,134,483 | (177,807,201) | (496,425,532) |
31 December | 31 December | |
Per 1 euro | 2023 | 2022 |
USD | 1.1050 | 1.0666 |
HRK | - | 7.5365 |
BAM | 1.9558 | 1.9558 |
RSD | 117.4100 | 117.2900 |
CZK | 24.7240 | 24.1160 |
RON | 4.9756 | 4.9495 |
MKD | 61.6110 | 61.6000 |
HUF | 382.8000 | 400.8700 |
CHF | 0.9260 | 0.9847 |
BGN | 1.9558 | 1.9558 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Unrealised loss | (10,422,565) | (8,837,601) | (1,348,035) | (745,579) |
Unrealised gain | - | 348,745 | - | 348,745 |
Realised loss | (3,374,893) | (7,457,219) | (8,223,451) | (15,549,241) |
Realised gain | 9,234,991 | 19,339,011 | 8,888,213 | 19,339,011 |
Total effect of currency forward contracts | (4,562,467) | 3,392,936 | (683,273) | 3,392,936 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Unrealised loss | (11,822,333) | (29,872,456) | (233,737) | (16,007,602) |
Unrealised gain | 5,941,055 | 5,380,773 | 5,863,966 | 5,259,876 |
Realised loss | (142,066,185) | (528,826,694) | (151,997,707) | (535,263,668) |
Realised gain | 201,228,615 | 517,714,046 | 201,550,567 | 519,804,227 |
Total effect of commodity swaps | 53,281,152 | (35,604,331) | 55,183,089 | (26,207,167) |
6-month | 3-month | 1-month | |
Euribor | Euribor | Euribor | |
Value as at 31/12/2022 (in percent) | 2.693 | 2.132 | 1.884 |
Value as at 31/12/2023 (in percent) | 3.861 | 3.909 | 3.845 |
Change in interest rate (in percentage points) | 1.168 | 1.777 | 1.961 |
The lowest value in 2023 (in percent) | 2.732 | 2.162 | 1.854 |
The highest value in 2023 (in percent) | 4.143 | 4.002 | 3.893 |
Change between the lowest and the highest interest | |||
rate (in percentage points) | 1.411 | 1.840 | 2.039 |
Average value in 2022 (in percent) | 0.682 | 0.348 | 0.094 |
Average value in 2023 (in percent) | 3.694 | 3.433 | 3.245 |
Change in average interest rate (in percentage points) | 3.012 | 3.085 | 3.151 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
6 to 12 months | 23,428,571 | 34,000,000 | 23,428,571 | 34,000,000 |
1 to 5 years | 314,571,429 | 323,000,000 | 264,571,429 | 273,000,000 |
Total interest rate swaps | 338,000,000 | 357,000,000 | 288,000,000 | 307,000,000 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Unrealised gain/(loss) on effective transactions | (14,501,224) | 35,701,883 | (12,624,557) | 31,719,264 |
Realised loss | - | (329,734) | - | (329,734) |
Total effect of interest rate swaps | (14,501,224) | 35,372,149 | (12,624,557) | 31,389,530 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Loans | 963,357 | 1,486,919 | 61,772,329 | 95,514,226 |
Borrowings and other financial liabilities | (67,828,000) | (91,328,000) | (221,264,257) | (257,150,704) |
Net financial instruments with a fixed interest rate | (66,864,643) | (89,841,081) | (159,491,928) | (161,636,478) |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Loans | 2,174,439 | 1,141,496 | 5,941,458 | 4,964,316 |
Borrowings and other financial liabilities | (393,812,919) | (406,941,435) | (303,305,821) | (334,016,085) |
Net financial instruments with a variable interest | ||||
rate | (391,638,480) | (405,799,939) | (297,364,363) | (329,051,769) |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Interest rate swaps (notional amount) | 338,000,000 | 357,000,000 | 288,000,000 | 307,000,000 |
Total interest rate swaps | 338,000,000 | 357,000,000 | 288,000,000 | 307,000,000 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Cash flow variability (net)–100 bp | (536,385) | (487,999) | (93,644) | (220,518) |
Cash flow variability (net)–200 bp | (1,072,770) | (975,999) | (187,287) | (441,035) |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Cash flow variability (net)–100 bp | 536,385 | 487,999 | 93,644 | 220,518 |
Cash flow variability (net)–200 bp | 1,072,770 | 975,999 | 187,287 | 441,035 |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Non-current borrowings and other financial liabilities | 347,037,409 | 401,613,002 | 300,681,833 | 365,355,088 |
Non-current lease liabilities | 99,759,274 | 101,100,126 | 27,578,972 | 27,331,350 |
Current borrowings and other financial liabilities | 114,603,510 | 96,656,433 | 223,888,245 | 225,811,701 |
Current lease liabilities | 21,054,721 | 17,498,969 | 4,318,028 | 3,965,318 |
Total | 582,454,914 | 616,868,530 | 556,467,078 | 622,463,457 |
Total equity | 923,042,488 | 860,166,621 | 618,551,940 | 597,990,971 |
Debt/Equity | 0.63 | 0.72 | 0.90 | 1.04 |
Cash and cash equivalents | 105,937,006 | 100,962,531 | 33,020,462 | 51,203,361 |
Net financial liabilities | 476,517,908 | 515,905,999 | 523,446,616 | 571,260,096 |
Net debt/Equity | 0.52 | 0.60 | 0.85 | 0.85 |
The Petrol Group | ||||||
31 December 2022 | ||||||
Fair value | ||||||
Fair value | Fair value of | through other | ||||
through profit or | derivatives used | comprehensive | Total carrying | |||
(in EUR) | loss | for hedging | Amortised cost | income | amount | |
Fin. assets at FV through | ||||||
other comprehensive | Equity instruments | - | - | - | 4,112,346 | 4,112,346 |
income | ||||||
Loans | - | - | 949,277 | - | 949,277 | |
Operating receivables | - | - | 7,015,756 | - | 7,015,756 | |
Total non-current financial assets | - | - | 7,965,033 | 4,112,346 | 12,077,379 | |
Contract assets | - | - | 13,319,362 | - | 13,319,362 | |
Loans | - | - | 1,679,138 | - | 1,679,138 | |
Operating rec. (excluding receivables from the state) | - | - | 840,186,387 | - | 840,186,387 | |
Fin. assets at FV through | Commodity derivatives | 2,297,589 | - | - | - | 2,297,589 |
profit or loss | Currency forward contracts | 348,745 | - | - | - | 348,745 |
Fin. assets at FV through | Interest rate swaps | - | 34,616,805 | - | - | 34,616,805 |
other comprehensive | Commodity derivatives | - | 3,083,184 | - | - | 3,083,184 |
income | Bonds | - | - | - | 334,077 | 334,077 |
Cash and cash equivalents | - | - | 100,962,531 | - | 100,962,531 | |
Total current financial assets | 2,646,334 | 37,699,989 | 956,147,418 | 334,077 | 996,827,818 | |
Total financial assets | 2,646,334 | 37,699,989 | 964,112,451 | 4,446,423 | 1,008,905,197 | |
Borrowings and other | Borrowings | - | - | (357,796,073) | - | (357,796,073) |
financial liabilities | Debt securities | - | - | (43,816,929) | - | (43,816,929) |
Lease liabilities | - | - | (101,100,126) | - | (101,100,126) | |
Operating liabilities (excluding other liabilities) | - | - | (2,024,000) | - | (2,024,000) | |
Total non-current financial liabilities | - | - | (504,737,128) | - | (504,737,128) | |
Borrowings and other | Borrowings | - | - | (87,518,001) | - | (87,518,001) |
financial liabilities | Debt securities | - | - | (300,831) | - | (300,831) |
Currency forward contracts | (745,579) | (8,092,022) | - | - | (8,837,601) | |
Lease liabilities | - | - | (17,498,969) | - | (17,498,969) | |
Oper. liab. (excluding liab. to the state and employees) | - | - | (838,214,758) | - | (838,214,758) | |
Commodity derivative instruments | (16,956,682) | (12,915,774) | - | - | (29,872,456) | |
Total current financial liabilities | (17,702,261) | (21,007,796) | (943,532,559) | - | (982,242,616) | |
Total financial liabilities | (17,702,261) | (21,007,796) | (1,448,269,687) | - | (1,486,979,744) |
The Petrol Group | ||||||
31 December 2023 | ||||||
Fair value | ||||||
Fair value | Fair value of | through other | ||||
through profit or | derivatives used | comprehensive | Total carrying | |||
(in EUR) | loss | for hedging | Amortised cost | income | amount | |
Fin. assets at FV through | ||||||
other comprehensive | Equity instruments | - | - | - | 3,993,859 | 3,993,859 |
income | ||||||
Loans | - | - | 2,362,489 | - | 2,362,489 | |
Operating receivables | - | - | 8,468,242 | - | 8,468,242 | |
Total non-current financial assets | - | - | 10,830,731 | 3,993,859 | 14,824,590 | |
Contract assets | - | - | 6,052,405 | - | 6,052,405 | |
Loans | - | - | 775,307 | - | 775,307 | |
Operating rec. (excluding receivables from the state) | - | - | 794,205,090 | - | 794,205,090 | |
Fin. assets at FV through | Commodity derivatives | 3,960,075 | - | - | - | 3,960,075 |
profit or loss | ||||||
Fin. assets at FV through | Interest rate swaps | - | 20,605,792 | - | - | 20,605,792 |
other comprehensive | Commodity derivatives | - | 1,980,980 | - | - | 1,980,980 |
income | ||||||
Cash and cash equivalents | - | - | 105,937,006 | - | 105,937,006 | |
Total current financial assets | 3,960,075 | 22,586,772 | 906,969,808 | - | 933,516,655 | |
Total financial assets | 3,960,075 | 22,586,772 | 917,800,539 | 3,993,859 | 948,341,245 | |
Borrowings and other | Borrowings | - | - | (336,040,952) | - | (336,040,952) |
financial liabilities | Debt securities | - | - | (10,996,457) | - | (10,996,457) |
Lease liabilities | - | - | (99,759,274) | - | (99,759,274) | |
Operating liabilities (excluding other liabilities) | - | - | (24,000) | - | (24,000) | |
Total non-current financial liabilities | - | - | (446,820,683) | - | (446,820,683) | |
Borrowings | - | - | (70,439,571) | - | (70,439,571) | |
Borrowings and other | Debt securities | - | - | (33,252,298) | - | (33,252,298) |
financial liabilities | Interest rate derivatives | - | (489,076) | - | - | (489,076) |
Currency forward contracts | (1,348,035) | (9,074,530) | - | - | (10,422,565) | |
Lease liabilities | - | - | (21,054,721) | - | (21,054,721) | |
Oper. liab. (excluding liab. to the state and employees) | - | - | (737,361,316) | - | (737,361,316) | |
Commodity derivative instruments | (786,130) | (11,036,203) | - | - | (11,822,333) | |
Total current financial liabilities | (2,134,165) | (20,599,809) | (862,107,906) | - | (884,841,880) | |
Total financial liabilities | (2,134,165) | (20,599,809) | (1,308,928,589) | - | (1,331,662,563) |
Petrol d.d. | ||||||
31 December 2022 | ||||||
Fair value | ||||||
Fair value | Fair value of | through other | ||||
through profit or | derivatives used | comprehensive | Total carrying | |||
(in EUR) | loss | for hedging | Amortised cost | income | amount | |
Fin. assets at FV through | Equity instruments | - | - | - | 2,117,914 | 2,117,914 |
other comprehensive income | ||||||
Loans | - | - | 59,134,780 | - | 59,134,780 | |
Operating receivables | - | - | 7,007,540 | - | 7,007,540 | |
Total non-current financial assets | - | - | 66,142,320 | 2,117,914 | 68,260,234 | |
Contract assets | - | - | 11,722,300 | - | 11,722,300 | |
Loans | - | - | 41,343,762 | - | 41,343,762 | |
Operating rec. (excluding receivables from the state) | - | - | 566,790,889 | - | 566,790,889 | |
Fin. assets at FV through | Commodity derivatives | 2,176,692 | - | - | - | 2,176,692 |
profit or loss | Currency forward contracts | 348,745 | - | - | - | 348,745 |
Fin. assets at FV through | Interest rate swaps | - | 30,293,507 | - | - | 30,293,507 |
other comprehensive income | Commodity derivatives | - | 3,083,184 | - | - | 3,083,184 |
Cash and cash equivalents | - | - | 51,203,361 | - | 51,203,361 | |
Total current financial assets | 2,525,437 | 33,376,691 | 671,060,312 | - | 706,962,440 | |
Total financial assets | 2,525,437 | 33,376,691 | 737,202,632 | 2,117,914 | 775,222,674 | |
Borrowings and other | Borrowings | - | - | (321,538,159) | - | (321,538,159) |
financial liabilities | Debt securities | - | - | (43,816,929) | - | (43,816,929) |
Lease liabilities | - | - | (27,331,350) | - | (27,331,350) | |
Operating liabilities (excluding other liabilities) | - | - | (2,024,000) | - | (2,024,000) | |
Total non-current financial liabilities | - | - | (394,710,438) | - | (394,710,438) | |
Borrowings and other | Borrowings | - | - | (224,765,291) | - | (224,765,291) |
financial liabilities | Debt securities | - | - | (300,831) | - | (300,831) |
Currency forward contracts | (745,579) | - | - | - | (745,579) | |
Lease liabilities | - | - | (3,965,318) | - | (3,965,318) | |
Oper. liab. (excluding liab. to the state and employees) | - | - | (606,024,368) | - | (606,024,368) | |
Commodity derivative instruments | (15,519,612) | (487,990) | - | - | (16,007,602) | |
Total current financial liabilities | (16,265,191) | (487,990) | (835,055,808) | - | (851,808,989) | |
Total financial liabilities | (16,265,191) | (487,990) | (1,229,766,246) | - | (1,246,519,427) |
Petrol d.d. | ||||||
31 December 2023 | ||||||
Fair value | ||||||
Fair value | Fair value of | through other | ||||
through profit or | derivatives used | comprehensive | Total carrying | |||
(in EUR) | loss | for hedging | Amortised cost | income | amount | |
Fin. assets at FV through | Equity instruments | - | - | - | 2,117,914 | 2,117,914 |
other comprehensive income | ||||||
Loans | - | - | 29,071,795 | - | 29,071,795 | |
Operating receivables | - | - | 8,451,918 | - | 8,451,918 | |
Total non-current financial assets | - | - | 37,523,713 | 2,117,914 | 39,641,627 | |
Contract assets | - | - | 211,844 | - | 211,844 | |
Loans | - | - | 38,641,992 | - | 38,641,992 | |
Operating rec. (excluding receivables from the state) | - | - | 539,650,188 | - | 539,650,188 | |
Fin. assets at FV through profit | Commodity derivatives | 3,882,986 | - | - | - | 3,882,986 |
or loss | ||||||
Fin. assets at FV through | Interest rate swaps | - | 18,158,026 | - | - | 18,158,026 |
other comprehensive income | Commodity derivatives | - | 1,980,980 | - | - | 1,980,980 |
Cash and cash equivalents | - | - | 33,020,462 | - | 33,020,462 | |
Total current financial assets | 3,882,986 | 20,139,006 | 611,524,486 | - | 635,546,478 | |
Total financial assets | 3,882,986 | 20,139,006 | 649,048,199 | 2,117,914 | 675,188,105 | |
Borrowings and other financial | Borrowings | - | - | (289,685,376) | - | (289,685,376) |
liabilities | Debt securities | - | - | (10,996,457) | - | (10,996,457) |
Lease liabilities | - | - | (27,578,972) | - | (27,578,972) | |
Operating liabilities (excluding other liabilities) | - | - | (24,000) | - | (24,000) | |
Total non-current financial liabilities | - | - | (328,284,805) | - | (328,284,805) | |
Borrowings | - | - | (188,798,836) | - | (188,798,836) | |
Borrowings and other financial | Debt securities | - | - | (33,252,298) | - | (33,252,298) |
liabilities | Interest rate derivatives | - | (489,076) | - | - | (489,076) |
Currency forward contracts | (1,348,035) | - | - | - | (1,348,035) | |
Lease liabilities | - | - | (4,318,028) | - | (4,318,028) | |
Oper. liab. (excluding liab. to the state and employees) | - | - | (588,537,072) | - | (588,537,072) | |
Commodity derivative instruments | (233,737) | - | - | - | (233,737) | |
Total current financial liabilities | (1,581,772) | (489,076) | (814,906,234) | - | (816,977,082) | |
Total financial liabilities | (1,581,772) | (489,076) | (1,143,191,039) | - | (1,145,261,887) |
31 December 2023 | 31 December 2022 | |||||||
(in EUR) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total |
Financial assets at fair value | ||||||||
through profit or loss | - | 3,960,075 | - | 3,960,075 | - | 2,646,334 | - | 2,646,334 |
Fin. assets at fair value through | ||||||||
other comprehensive income | - | 22,586,772 | 3,993,859 | 26,580,631 | - | 37,699,989 | 4,446,423 | 42,146,412 |
Total assets at fair value | - | 26,546,847 | 3,993,859 | 30,540,706 | - | 40,346,323 | 4,446,423 | 44,792,746 |
Non-current loans | - | - | 2,362,489 | 2,362,489 | - | - | 949,277 | 949,277 |
Current loans | - | - | 775,307 | 775,307 | - | - | 1,679,138 | 1,679,138 |
Non-current operating | ||||||||
receivables | - | - | 8,468,242 | 8,468,242 | - | - | 7,015,756 | 7,015,756 |
Current operating receivables | ||||||||
(excluding rec. from the state) | - | - | 794,205,090 | 794,205,090 | - | - | 840,186,387 | 840,186,387 |
Contract assets | - | - | 6,052,405 | 6,052,405 | - | - | 13,319,362 | 13,319,362 |
Cash and cash equivalents | - | 105,937,006 | - | 105,937,006 | - | 100,962,531 | - | 100,962,531 |
Total assets with fair value | ||||||||
disclosure | - | 105,937,006 | 811,863,533 | 917,800,539 | - | 100,962,531 | 863,149,920 | 964,112,451 |
Total assets | - | 132,483,853 | 815,857,392 | 948,341,245 | - | 141,308,854 | 867,596,343 | 1,008,905,197 |
31 December 2023 | 31 December 2022 | |||||||
(in EUR) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total |
Financial liabilities | - | (10,911,641) | - | (10,911,641) | - | (8,837,601) | - | (8,837,601) |
Commodity derivative instruments | - | (11,822,333) | - | (11,822,333) | - | (29,872,456) | - | (29,872,456) |
Total liabilities at fair value | - | (22,733,974) | - | (22,733,974) | - | (38,710,057) | - | (38,710,057) |
Non-current borrowings and other | ||||||||
financial liabilities | - | - | (347,037,409) | (347,037,409) | - | - | (401,613,002) | (401,613,002) |
Non-current lease liabilities | - | - | (99,759,274) | (99,759,274) | - | - | (101,100,126) | (101,100,126) |
Current borrowings and other | ||||||||
financial liabilities (excluding | ||||||||
liabilities at fair value) | - | - | (103,691,869) | (103,691,869) | - | - | (87,818,832) | (87,818,832) |
Current lease liabilities | - | - | (21,054,721) | (21,054,721) | - | - | (17,498,969) | (17,498,969) |
Non-current operating liabilities | ||||||||
(excluding other liabilities) | - | - | (24,000) | (24,000) | - | - | (2,024,000) | (2,024,000) |
Current operating liab. (excluding | ||||||||
liab. to the state, employees and | ||||||||
liabilities at fair value) | - | - | (737,361,316) | (737,361,316) | - | - | (838,214,758) | (838,214,758) |
Total liabilities with fair value | ||||||||
disclosure | - | - | (1,308,928,589) | (1,308,928,589) | - | - | (1,448,269,687) | (1,448,269,687) |
Total liabilities | - | (22,733,974) | (1,308,928,589) | (1,331,662,563) | - | (38,710,057) | (1,448,269,687) | (1,486,979,744) |
31 December 2023 | 31 December 2022 | |||||||
(in EUR) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total |
Financial assets at fair value | ||||||||
through profit or loss | - | 3,882,986 | - | 3,882,986 | - | 2,525,437 | - | 2,525,437 |
Fin. assets at fair value through | ||||||||
other comprehensive income | - | 20,139,006 | 2,117,914 | 22,256,920 | - | 33,376,691 | 2,117,914 | 35,494,605 |
Total assets at fair value | - | 24,021,992 | 2,117,914 | 26,139,906 | - | 35,902,128 | 2,117,914 | 38,020,042 |
Non-current loans | - | - | 29,071,795 | 29,071,795 | - | - | 59,134,780 | 59,134,780 |
Current loans | - | - | 38,641,992 | 38,641,992 | - | - | 41,343,762 | 41,343,762 |
Non-current operating | ||||||||
receivables | - | - | 8,451,918 | 8,451,918 | - | - | 7,007,540 | 7,007,540 |
Current operating receivables | ||||||||
(excluding rec. from the state) | - | - | 539,650,188 | 539,650,188 | - | - | 566,790,889 | 566,790,889 |
Contract assets | - | - | 211,844 | 211,844 | - | - | 11,722,300 | 11,722,300 |
Cash and cash equivalents | - | 33,020,462 | - | 33,020,462 | - | 51,203,361 | - | 51,203,361 |
Total assets with fair value | ||||||||
disclosure | - | 33,020,462 | 616,027,737 | 649,048,199 | - | 51,203,361 | 685,999,271 | 737,202,632 |
Total assets | - | 57,042,454 | 618,145,651 | 675,188,105 | - | 87,105,489 | 688,117,185 | 775,222,674 |
31 December 2023 | 31 December 2022 | |||||||
(in EUR) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total |
Financial liabilities | - | (1,837,111) | - | (1,837,111) | - | (745,579) | - | (745,579) |
Commodity derivative | ||||||||
instruments | - | (233,737) | - | (233,737) | - | (16,007,602) | - | (16,007,602) |
Total liabilities at fair value | - | (2,070,848) | - | (2,070,848) | - | (16,753,181) | - | (16,753,181) |
Non-current borrowings and | ||||||||
other | ||||||||
financial liabilities | - | - | (300,681,833) | (300,681,833) | - | - | (365,355,088) | (365,355,088) |
Non-current lease liabilities | - | - | (27,578,972) | (27,578,972) | - | - | (27,331,350) | (27,331,350) |
Current borrowings and other | ||||||||
financial liabilities (excluding | ||||||||
liabilities at fair value) | - | - | (222,051,134) | (222,051,134) | - | - | (225,066,122) | (225,066,122) |
Current lease liabilities | - | - | (4,318,028) | (4,318,028) | - | - | (3,965,318) | (3,965,318) |
Non-current operating | ||||||||
liabilities | ||||||||
(excluding other liabilities) | - | - | (24,000) | (24,000) | - | - | (2,024,000) | (2,024,000) |
Current operating liab. | ||||||||
(excluding | ||||||||
liab. to the state, employees | ||||||||
and | ||||||||
liabilities at fair value) | - | - | (588,537,072) | (588,537,072) | - | - | (606,024,368) | (606,024,368) |
Total liabilities with fair | ||||||||
value | ||||||||
disclosure | - | - | (1,143,191,039) | (1,143,191,039) | - | - | (1,229,766,246) | (1,229,766,246) |
Total liabilities | - | (2,070,848) | (1,143,191,039) | (1,145,261,887) | - | (16,753,181) | (1,229,766,246) | (1,246,519,427) |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
As at 1 January | 4,446,423 | 4,467,121 | 2,117,914 | 2,117,914 |
Disposals | (452,564) | (20,698) | - | - |
As at 31 December | 3,993,859 | 4,446,423 | 2,117,914 | 2,117,914 |
The Petrol Group | Petrol d.d. | |||||
Investments | Investments | |||||
(in EUR) | in PPE | Revenues | Costs | in PPE | Revenues | Costs |
A.) TAXONOMY - ELIGIBLE ACTIVITIES | ||||||
A.1 Environmentally sustainable activities (Taxonomy-aligned) | ||||||
4.1 Electricity generation using solar photovoltaic technology | 11,683,621 | 7,375,056 | 4,972,224 | 4,951,581 | 1,459,114 | 806,083 |
4.3 Electricity generation from wind power | 1,338,653 | 4,412,320 | 3,488,073 | - | - | - |
4.8 Electricity generation from bioenergy | - | 345,289 | 622,902 | - | 345,289 | 622,902 |
4.9 Transmission and distribution of electricity | 849 | 4,097,894 | 3,599,988 | 849 | 4,097,894 | 3,599,988 |
4.14 Transmission and distribution networks for renewable and | ||||||
low-carbon gases | 1,445,800 | 15,803,327 | 12,642,534 | 933,842 | 11,997,653 | 9,223,705 |
4.15 District heating/cooling distribution | 162,944 | 15,415,491 | 5,300,835 | 150,817 | 14,209,696 | 3,943,352 |
4.20 Cogeneration of heat/cool and power from bioenergy | 54,406 | 1,715,210 | 1,839,434 | 54,406 | 1,649,660 | 1,805,353 |
4.22 Production of heat/cool from geothermal energy | - | - | 309,082 | - | - | 309,082 |
4.24 Production of heat/cool from bioenergy | 89,310 | 2,141,415 | 3,539,490 | - | 1,950,598 | 3,449,812 |
4.30 High-efficiency co-generation of heat/cool and power from | ||||||
fossil gaseous fuel | - | 9,216,946 | 13,703,253 | - | 4,854,387 | 10,332,814 |
4.31 Production of heat/cool from fossil gaseous fuels in an | ||||||
efficient district heating and cooling system | - | 1,893,691 | 3,046,719 | - | 1,653,260 | 2,450,904 |
5.1 Construction, extension and operation of water collection, | ||||||
treatment and supply systems | - | 4,678,866 | 4,866,393 | - | 4,678,866 | 4,866,393 |
5.2 Renewal of water collection, treatment and supply systems | - | 3,571,609 | 3,867,365 | - | 3,571,609 | 3,867,365 |
5.3 Construction, extension and operation of waste water collection | ||||||
and treatment | 233,020 | 3,003,633 | 2,069,814 | 233,020 | 3,003,633 | 2,069,814 |
6.5 Transport by motorbikes, passenger cars and light commercial | ||||||
vehicles | 1,118,264 | 596,061 | 814,200 | - | 195,061 | 391,202 |
6.15 Infrastructure enabling low-carbon road transport and public | ||||||
transport | 1,875,138 | 2,444,951 | 3,858,156 | 1,557,793 | 1,248,934 | 2,012,032 |
7.3 Installation, maintenance and repair of energy efficiency | ||||||
equipment | 10,578,375 | 26,434,358 | 27,048,469 | 5,829,601 | 25,772,583 | 26,620,339 |
7.4 Installation, maintenance and repair of charging stations for | ||||||
electric vehicles in buildings (and parking spaces attached to | ||||||
buildings) | - | 9,250,777 | 9,197,382 | - | 9,250,777 | 9,197,382 |
7.5 Installation, maintenance and repair of instruments and devices | ||||||
for measuring, regulation and controlling energy performance of | ||||||
buildings | 11,854 | - | - | 11,854 | - | - |
7.6 Installation, maintenance and repair of renewable energy | ||||||
technologies | 3,288 | 18,661,473 | 20,079,984 | 1,606 | 18,661,473 | 20,079,984 |
8.2 Data-driven solutions for GHG emissions reductions | 323,256 | 517,203 | 299,682 | 323,256 | 517,203 | 299,682 |
Total | 28,918,777 | 131,575,569 | 125,165,977 | 14,048,624 | 109,117,689 | 105,948,186 |
The Petrol Group | Petrol d.d. | |||
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Revenue from contracts with customers: | ||||
Subsidiaries | - | - | 920,022,921 | 1,278,693,637 |
Jointly controlled entities | 1,077,419 | 4,450,996 | 17,888 | 34,299 |
Associates | 57,712 | 38,746 | 57,712 | 38,746 |
Cost of goods sold: | ||||
Subsidiaries | - | - | 175,511,835 | 134,397,651 |
Jointly controlled entities | 71,442 | 115,850 | - | - |
Costs of materials: | ||||
Subsidiaries | - | - | 695,843 | 908,547 |
Jointly controlled entities | 1,629 | 4,645 | - | - |
Costs of services: | ||||
Subsidiaries | - | - | 2,166,906 | 1,103,313 |
Jointly controlled entities | 4,960 | 3,977 | - | - |
Gain on derivatives: | ||||
Subsidiaries | - | - | 8,459,366 | 4,687,243 |
Loss on derivatives: | ||||
Subsidiaries | - | - | 7,938,474 | 1,658,727 |
Fin. inc./expenses from interests in Group companies: | ||||
Subsidiaries | - | - | 1,588,428 | 723,160 |
Jointly controlled entities | 44,439 | 665,483 | 931,389 | 115,217 |
Associates | 3,679,698 | 2,662,912 | 1,246,921 | 814,437 |
Finance income from interest: | ||||
Subsidiaries | - | - | 1,766,695 | 1,296,282 |
Jointly controlled entities | 10,415 | 1,793 | 10,415 | 1,793 |
Other finance income: | ||||
Subsidiaries | - | - | 109,780 | 132,036 |
Associates | 344 | - | 344 | - |
Finance expenses for interest: | ||||
Subsidiaries | - | - | 3,558,181 | 2,180,053 |
Jointly controlled entities | 348 | - | 348 | - |
The Petrol Group | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Investments in Group companies: | ||||
Subsidiaries | - | - | 555,292,232 | 554,032,932 |
Jointly controlled entities | 350,240 | 1,277,748 | 233,000 | 233,000 |
Associates | 59,316,541 | 56,968,277 | 26,610,477 | 26,610,477 |
Non-current loans: | ||||
Subsidiaries | - | - | 28,108,437 | 59,087,634 |
Current operating receivables: | ||||
Subsidiaries | - | - | 43,763,743 | 83,627,973 |
Jointly controlled entities | 950 | 1,100,698 | 950 | 15,433 |
Associates | 1,397 | 1,568 | 1,284 | 1,487 |
Current loans: | ||||
Subsidiaries | - | - | 37,948,028 | 40,046,732 |
Jointly controlled entities | 450,794 | 247,383 | 450,794 | 247,383 |
Prepayments and other assets: | ||||
Subsidiaries | - | - | 43,840 | 5,542,493 |
Non-current borrowings: | ||||
Subsidiaries | - | - | 21,000,000 | 21,000,000 |
Current borrowings: | ||||
Subsidiaries | - | - | 154,797,116 | 164,958,704 |
Jointly controlled entities | 300,000 | 300,000 | 300,000 | 300,000 |
Current operating liabilities: | ||||
Subsidiaries | - | - | 29,050,646 | 8,515,784 |
Jointly controlled entities | 844 | 898,293 | - | 876,704 |
Associates | - | - | ||
Current deferred income: | ||||
Subsidiaries | - | - | 113,032 | - |
Contract liabilities: | ||||
Subsidiaries | - | - | 1,710 | 2,527 |
Commodity derivative instruments: | ||||
Subsidiaries | - | - | 60,830 | - |
Other liabilities: | ||||
Subsidiaries | - | - | 3,829,578 | 11,321,656 |
Basic SB | Attendance | Payment for | Travel | ||||
(in EUR) | Function | payment | fees | specific tasks | expenses | Sum gross | Sum net |
Janez Žlak | President of the Supervisory Board | 26,250 | 6,875 | 11,250 | 1,056 | 45,431 | 33,042 |
Deputy President of the Supervisory | |||||||
Borut Vrviščar | Board | 22,125 | 6,600 | 8,250 | - | 36,975 | 26,892 |
Aleksander Zupančič | Member of the Supervisory Board | 18,750 | 8,855 | 7,500 | 3,377 | 38,482 | 27,988 |
Alenka Urnaut | Member of the Supervisory Board | 20,625 | 8,580 | 7,500 | - | 36,705 | 26,696 |
Mario Selecky | Member of the Supervisory Board | 18,750 | 6,050 | 7,500 | - | 32,300 | 25,033 |
Mladen Kaliterna | Member of the Supervisory Board | 18,750 | 8,855 | 7,500 | - | 35,105 | 25,532 |
Alen Mihelčič | Member of the Supervisory Board | 18,750 | 6,875 | 7,500 | - | 33,125 | 24,092 |
Robert Ravnikar | Member of the Supervisory Board | 18,750 | 8,855 | 7,500 | - | 35,105 | 25,532 |
Marko Šavli | Member of the Supervisory Board | 18,750 | 6,875 | 7,500 | - | 33,125 | 24,092 |
External member of the Audit | |||||||
Sabina Merhar | Committee | 4,500 | 2,200 | - | - | 6,700 | 4,873 |
Total: | 186,000 | 70,620 | 72,000 | 4,433 | 333,053 | 243,770 |
Variable remuneration - gross*** | |||||||
Fixed | Based on | Based on | |||||
remuneration - | quantitative | qualitative | |||||
(in EUR) | gross** | criteria | criteria | Total | Benefits | Sum gross | Sum net |
Nada Drobne Popović, President of the | |||||||
Management Board | 249,159 | 93,695 | 99,000 | 192,695 | 45,570 | 487,424 | 190,133 |
Jože Bajuk, Member of the Management Board | 212,017 | 79,620 | 84,000 | 163,620 | 35,836 | 411,473 | 167,997 |
Matija Bitenc, Member of the Management Board | 212,042 | 79,620 | 84,000 | 163,620 | 34,889 | 410,551 | 170,546 |
Jože Smolič, Member of the Management Board | 212,000 | 79,620 | 84,000 | 163,620 | 26,706 | 402,326 | 170,304 |
Zoran Gračner, Worker Director | 128,953 | 25,742 | 19,873 | 45,615 | 3,306 | 177,874 | 97,797 |
Total: | 1,014,171 | 358,297 | 370,873 | 729,170 | 146,307 | 1,889,648 | 796,777 |
Variable remuneration – gross*** | ||||||||
Fixed | Based on | Based on | ||||||
remuneration | quantitative | qualitative | Termination | |||||
(in EUR) | – gross** | criteria | criteria | Total | payments | Benefits | Sum gross | Sum net |
Sašo Berger, President of the Management | ||||||||
Board from 23 November 2023 (Member of the | ||||||||
Management Board from 15 September 2023) | 80,054 | 205 | 164 | 369 | - | 181 | 80,604 | 37,077 |
Marko Ninčević, Member of the Management | ||||||||
Board from 1 September 2023 | 85,533 | 242 | 194 | 436 | - | 209 | 86,178 | 40,266 |
Jože Smolič, Member of the Management Board | 233,730 | 88,552 | 70,829 | 159,381 | - | 27,466 | 420,577 | 160,920 |
Nada Drobne Popović, President of the | ||||||||
Management Board till 22 November 2023 | 243,119 | 104,022 | 83,203 | 187,225 | 150,000 | 31,128 | 611,472 | 230,458 |
Jože Bajuk, Member of the Management Board | ||||||||
till 2 August 2023 | 128,615 | 146,696 | 117,335 | 264,031 | 7,391 | 11,828 | 411,865 | 176,615 |
Matija Bitenc, Member of the Management | ||||||||
Board till 7 December 2023 | 217,583 | 88,552 | 70,829 | 159,381 | - | 26,471 | 403,435 | 163,404 |
Zoran Gračner, Worker Director | 139,993 | 29,352 | 23,478 | 52,830 | - | 2,538 | 195,361 | 106,116 |
Total: | 1,128,627 | 457,621 | 366,032 | 823,653 | 157,391 | 99,821 | 2,209,492 | 914,856 |
Petrol d.d. | Petrol d.d. | |||
31 December | 31 December | 31 December | 31 December | |
(in EUR) | 2023 | 2022 | 2023 | 2022 |
Guarantee issued to: | Value of guarantee issued | Guarantee amount used | ||
Petrol d.o.o. | 196,539,359 | 176,237,013 | 124,950,629 | 110,590,551 |
Geoplin d.o.o. Ljubljana | 166,226,780 | 21,000,000 | 51,339,177 | - |
Vjetroelektrane Glunča d.o.o. | 20,000,000 | - | 20,000,000 | - |
E 3, d.o.o. | 15,000,000 | 15,000,000 | 8,183,806 | 3,812,407 |
Petrol BH Oil Company d.o.o. Sarajevo | 6,843,642 | 5,437,589 | 1,153,304 | 166,588 |
Petrol LPG d.o.o. | 4,700,000 | 4,700,000 | - | - |
Petrol d.o.o. Beograd | 4,332,300 | 3,999,800 | 678,070 | 1,023 |
Petrol Trade Handelsgesellschaft m.b.H. | 3,000,000 | 3,000,000 | 3,000,000 | 1,800,000 |
Petrol Crna Gora MNE d.o.o. | 1,050,000 | 3,000,000 | 221,299 | 206,682 |
Petrol LPG HIB d.o.o | 1,012,358 | 460,163 | - | - |
Vjetroelektrarna Ljubač d.o.o. | - | 23,792,130 | - | - |
Aquasystems d.o.o. | - | 373,318 | - | 373,318 |
Total | 418,704,439 | 257,000,013 | 209,526,285 | 116,950,569 |
Bills of exchange issued as security | 117,387,579 | 103,464,125 | 117,387,579 | 103,464,125 |
Other guarantees | 6,440,705 | 7,599,569 | 6,440,705 | 7,599,569 |
Total contingent liabilities for guarantees issued | 542,532,723 | 368,063,707 | 333,354,569 | 228,014,263 |
Municipal | |||||||||||
Closed | wastewater and | ||||||||||
Natural gas | Closed natural | electricity | run-off | ||||||||
distribution | Natural gas | gas distribution | Heat | Electricity | Electricity | distribution | rainwater | ||||
(in EUR) | system operator | supply | system | Heat generation | distribution | production | supply | system | treatment | Other activities | Total |
Revenue from contracts with customers | 11,448,148 | 104,430,127 | 549,210 | 6,791,375 | 2,374,822 | 5,729,480 | 1,055,377,429 | 4,097,894 | 3,502,234 | 4,108,828,499 | 5,303,129,218 |
Cost of goods sold | - | (98,714,061) | - | 922 | (640) | - | (1,016,699,000) | - | - | (3,750,026,086) | (4,865,438,865) |
Costs of materials | (2,379,790) | (585) | (392,630) | (5,428,734) | (652,508) | (4,689,321) | (7,555) | (1,653,140) | (1,049,928) | (36,246,331) | (52,500,522) |
Costs of services | (1,263,751) | (56,231) | (22,667) | (658,280) | (334,012) | (375,272) | (953,592) | (225,819) | (806,572) | (141,147,665) | (145,843,861) |
Labour costs | (1,596,360) | (172,384) | (82,965) | (1,485,242) | (1,197,299) | (593,933) | (922,945) | (870,108) | (806,687) | (97,287,884) | (105,015,807) |
Depreciation and amortisation | (2,848,318) | (4,303) | (30,119) | (611,316) | (618,179) | (487,350) | (42,465) | (728,100) | (522,037) | (40,547,791) | (46,439,978) |
Other costs | (778,827) | (352) | (1,216) | (437,120) | (41,738) | (593,226) | (3,398,832) | (76,089) | (32,307) | (29,373,585) | (34,733,292) |
Gain on derivatives | - | - | - | - | - | - | - | - | - | 207,414,533 | 207,414,533 |
Loss on derivatives | - | - | - | - | - | - | - | - | - | (152,231,444) | (152,231,444) |
Other income | 68,455 | - | - | 18,297 | 34,969 | - | - | 1,377 | 298 | 7,045,915 | 7,169,311 |
Other expenses | - | - | - | - | - | - | - | - | - | (105,178) | (105,178) |
Operating profit or loss | 2,649,557 | 5,482,211 | 19,613 | (1,810,098) | (434,585) | (1,009,622) | 33,353,040 | 546,015 | 285,001 | 76,322,983 | 115,404,115 |
Finance income from dividends | |||||||||||
paid by subsidiaries, associates | |||||||||||
and jointly controlled entities | - | - | - | - | - | - | - | - | - | 3,766,738 | 3,766,738 |
Finance income | - | - | - | - | - | - | - | - | - | 66,334,395 | 66,334,395 |
Finance expenses | (444,328) | (47) | (3,346) | (62,598) | (99,431) | (37,026) | (533) | (137,433) | (40,495) | (76,311,601) | (77,136,838) |
Net finance expense | (444,328) | (47) | (3,346) | (62,598) | (99,431) | (37,026) | (533) | (137,433) | (40,495) | (9,977,206) | (10,802,443) |
Profit before tax | 2,205,229 | 5,482,164 | 16,267 | (1,872,696) | (534,016) | (1,046,648) | 33,352,507 | 408,582 | 244,506 | 70,112,515 | 108,368,410 |
Income tax expense | (418,992) | (1,041,611) | (3,091) | 355,812 | 101,462 | 198,863 | (6,336,977) | (77,630) | (46,456) | (8,294,209) | (15,562,829) |
Net profit for the year | 1,786,237 | 4,440,553 | 13,176 | (1,516,884) | (432,554) | (847,785) | 27,015,530 | 330,952 | 198,050 | 61,818,306 | 92,805,581 |
Municipal | |||||||||||
Closed | wastewater and | ||||||||||
Natural gas | Closed natural | electricity | run-off | ||||||||
distribution | Natural gas | gas distribution | Heat | Electricity | Electricity | distribution | rainwater | ||||
(in EUR) | system operator | supply | system | Heat generation | distribution | production | supply | system | treatment | Other activities | Total |
ASSETS | |||||||||||
Non-current (long-term) assets | |||||||||||
Intangible assets and right to use | |||||||||||
of leased assets | 36,482,584 | 1,596 | - | 1,956,074 | 5,256,496 | 727,403 | 28,832 | 32,085 | 3,194,208 | 133,479,381 | 181,158,659 |
Property, plant and equipment | 439,359 | 1,921 | 283,113 | 3,194,963 | 2,960,063 | 2,386,592 | 22,222 | 11,371,116 | 141,908 | 345,144,088 | 365,945,345 |
Investment property | - | - | - | 30,226 | - | - | - | - | - | 11,102,886 | 11,133,112 |
Investments in subsidiaries | - | - | - | - | - | - | - | - | - | 555,292,232 | 555,292,232 |
Investments in jointly controlled entities | - | - | - | - | - | - | - | - | - | 233,000 | 233,000 |
Investments in associates | - | - | - | - | - | - | - | - | - | 26,610,477 | 26,610,477 |
Financial assets at fair value through | |||||||||||
other comprehensive income | - | - | - | - | - | - | - | - | - | 2,117,914 | 2,117,914 |
Loans | - | - | - | - | - | - | - | - | - | 29,071,795 | 29,071,795 |
Operating receivables | - | - | - | - | - | - | - | - | - | 8,451,918 | 8,451,918 |
Deferred tax assets | - | - | - | - | - | - | - | - | - | 9,752,558 | 9,752,558 |
36,921,943 | 3,517 | 283,113 | 5,181,263 | 8,216,559 | 3,113,995 | 51,054 | 11,403,201 | 3,336,116 | 1,121,256,249 | 1,189,767,010 | |
Current assets | |||||||||||
Inventories | - | - | - | - | - | - | - | - | - | 115,954,817 | 115,954,817 |
Contract assets | - | - | - | - | - | - | - | - | - | 211,844 | 211,844 |
Loans | - | - | - | - | - | - | - | - | - | 38,641,992 | 38,641,992 |
Operating receivables | 31,471,112 | 107,977,372 | 1,165,300 | 3,788,747 | 5,143,157 | 98,324 | 443,659,303 | 16,058,491 | 649,505 | (70,314,001) | 539,697,310 |
Corporate income tax assets | - | - | - | - | - | - | - | - | - | - | - |
Financial assets at fair value through | |||||||||||
profit or loss | - | - | - | - | - | - | - | - | - | 3,882,986 | 3,882,986 |
Financial assets at fair value through | |||||||||||
other comprehensive income | 20,139,006 | 20,139,006 | |||||||||
Prepayments and other assets | - | - | - | - | - | - | - | - | - | 68,415,070 | 68,415,070 |
Cash and cash equivalents | - | - | - | - | - | - | - | - | - | 33,020,462 | 33,020,462 |
31,471,112 | 107,977,372 | 1,165,300 | 3,788,747 | 5,143,157 | 98,324 | 443,659,303 | 16,058,491 | 649,505 | 209,952,176 | 819,963,487 | |
Total assets | 68,393,055 | 107,980,889 | 1,448,413 | 8,970,010 | 13,359,716 | 3,212,319 | 443,710,357 | 27,461,692 | 3,985,621 | 1,331,208,425 | 2,009,730,497 |
Municipal | |||||||||||
Closed | wastewater and | ||||||||||
Natural gas | Closed natural | electricity | run-off | ||||||||
distribution | Natural gas | gas distribution | Heat | Electricity | Electricity | distribution | rainwater | ||||
(in EUR) | system operator | supply | system | Heat generation | distribution | production | supply | system | treatment | Other activities | Total |
EQUITY AND LIABILITIES | |||||||||||
Equity attributable to owners | |||||||||||
of the controlling company | |||||||||||
Called-up capital | 16,544,318 | 2,569,303 | (2,474) | 3,597,624 | 1,000,013 | (2,658,811) | 5,794,600 | 4,508,757 | - | 20,887,647 | 52,240,977 |
Capital surplus | 16,544,318 | 2,569,303 | (2,474) | 3,597,624 | 1,000,013 | (2,658,811) | 5,794,600 | 4,508,757 | - | 49,638,055 | 80,991,385 |
Legal reserves | - | - | - | - | - | - | - | - | - | 61,749,884 | 61,749,884 |
Reserves for own shares | - | - | - | - | - | - | - | - | - | 4,708,359 | 4,708,359 |
Own shares | - | - | - | - | - | - | - | - | - | (2,604,670) | (2,604,670) |
Other profit reserves | - | - | - | - | - | - | - | - | - | 316,608,074 | 316,608,074 |
Fair value reserve | - | - | - | - | - | - | - | - | - | 42,782,085 | 42,782,085 |
Hedging reserve | - | - | - | - | - | - | - | - | - | 15,732,898 | 15,732,898 |
Retained earnings | - | - | - | - | - | - | - | - | - | 46,342,948 | 46,342,948 |
Net profit or loss for the year | 1,786,237 | 4,440,553 | 13,176 | (1,516,884) | (432,554) | (847,785) | 27,015,530 | 330,952 | 198,050 | (30,987,275) | - |
Total equity | 34,874,873 | 9,579,159 | 8,228 | 5,678,364 | 1,567,472 | (6,165,407) | 38,604,730 | 9,348,466 | 198,050 | 524,858,005 | 618,551,940 |
Non-current liabilities | |||||||||||
Provisions for employee | |||||||||||
post-employment and other | |||||||||||
long-term benefits | - | - | - | - | - | - | - | - | - | 5,934,975 | 5,934,975 |
Other provisions | - | - | - | - | - | - | - | - | - | 30,835,607 | 30,835,607 |
Deferred income | - | - | - | 75,602 | 203,333 | 153,000 | - | - | - | 29,089,167 | 29,521,102 |
Borrowings and other fin. liabilities | 15,126,046 | 1,594 | 113,908 | 2,130,997 | 3,384,894 | 1,260,474 | 18,160 | 4,678,569 | 1,378,568 | 272,588,623 | 300,681,833 |
Lease liabilities | 39,982 | 409 | - | - | - | - | 4,225 | - | 22,136 | 27,512,220 | 27,578,972 |
Operating liabilities | 506,968 | - | - | 83,573 | 27,578 | - | - | - | - | (87,151) | 530,968 |
15,672,996 | 2,003 | 113,908 | 2,290,172 | 3,615,805 | 1,413,474 | 22,385 | 4,678,569 | 1,400,704 | 365,873,441 | 395,083,457 | |
Current liabilities | |||||||||||
Other provisions | - | - | - | - | - | - | - | - | - | 3,397,085 | 3,397,085 |
Deferred income | - | - | - | - | - | - | - | - | - | 5,461,212 | 5,461,212 |
Borrowings and other fin. liabilities | 3,781,511 | 398 | 28,477 | 532,749 | 846,224 | 315,118 | 4,540 | 1,169,642 | 344,642 | 216,864,944 | 223,888,245 |
Lease liabilities | - | - | - | - | - | - | - | - | - | 4,318,028 | 4,318,028 |
Operating liabilities | 13,249,536 | 94,913,171 | 1,297,800 | 452,150 | 7,313,920 | 7,545,098 | 399,957,912 | 12,264,313 | 2,041,766 | 145,831,683 | 684,867,349 |
Commodity derivative instruments | - | - | - | - | - | - | - | - | - | 233,737 | 233,737 |
Corporate income tax liabilities | - | - | - | - | - | - | - | - | - | 18,819,182 | 18,819,182 |
Contract liabilities | 31,661 | (8,950) | - | 16,575 | 15,979 | - | 93,502 | 702 | - | 16,827,831 | 16,977,300 |
Other liabilities | 782,478 | 3,495,108 | - | - | 316 | 104,036 | 5,027,288 | - | 459 | 28,723,277 | 38,132,962 |
17,845,186 | 98,399,727 | 1,326,277 | 1,001,474 | 8,176,439 | 7,964,252 | 405,083,242 | 13,434,657 | 2,386,867 | 440,476,979 | 996,095,100 | |
Total liabilities | 33,518,182 | 98,401,730 | 1,440,185 | 3,291,646 | 11,792,244 | 9,377,726 | 405,105,627 | 18,113,226 | 3,787,571 | 806,350,420 | 1,391,178,557 |
Total equity and liabilities | 68,393,055 | 107,980,889 | 1,448,413 | 8,970,010 | 13,359,716 | 3,212,319 | 443,710,357 | 27,461,692 | 3,985,621 | 1,331,208,425 | 2,009,730,497 |