Petrol d d : Report on the operations of the petrol group and petrol d.d., ljubljana in the first nine months of 2021.pdf

Report on the operations of the Petrol Group and Petrol d.d., Ljubljana

In the first nine months of 2021

Companies Register entry: District Court of Ljubljana, Entry number: 1/05773/00, Registration number: 5025796000, Share capital: EUR 52,240,977.04, VAT ID SI80267432

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Report on the operations of the Petrol Group and Petrol d.d., Ljubljana in the first nine months of 2021
CONTENTS
INTRODUCTORY NOTES .....................................................................................................	5
The Petrol Group's significant performance indicators .......................................................	8
Strategic Orientation .........................................................................................................	10
BUSINESS REPORT ...........................................................................................................	11
The Petrol Group's operations in the first nine months of 2021 .........................................	12
A. SALES.....................................................................................................................	22
Sales of petroleum products..........................................................................................	22
Sales of merchandise....................................................................................................	23
Sales of services ...........................................................................................................	23
Sales of liquefied petroleum gas....................................................................................	23
Sales of natural gas.......................................................................................................	23
Electricity sales and trading...........................................................................................	24
B. ENERGY AND ENVIRONMENTAL SYSTEMS .......................................................	25
Sustainable development..................................................................................................	29
Employees ....................................................................................................................	29
Investments...................................................................................................................	30
Quality management system .........................................................................................	30
Social responsibility.......................................................................................................	32
Risk management.............................................................................................................	32
Petrol's shares ..................................................................................................................	35
Contingent increase in share capital .................................................................................	38
Dividend............................................................................................................................	38
Own shares ......................................................................................................................	38
Regular participation at investors' conferences and external communication ....................	39
Credit rating ......................................................................................................................	39
General Meeting resolutions .............................................................................................	39
Supervisory Board of Petrol d.d., Ljubljana .......................................................................	40
Strategy of the Petrol Group for the period 2021 - 2025 ...................................................	40
Business plan for 2021 .....................................................................................................	42
Events after the end of the accounting period ...................................................................	44
FINANCIAL REPORT...........................................................................................................	45
Financial performance of the Petrol Group and the company Petrol d.d., Ljubljana ..........	46
Notes to the financial statements ......................................................................................	52
Notes to individual items in the financial statements .........................................................	54
APPENDIX 1: ORGANISATIONAL STRUCTURE OF THE PETROL GROUP .....................	78

Companies Register entry: District Court of Ljubljana, Entry number: 1/05773/00, Registration number: 5025796000, Share capital: EUR 52,240,977.04 , VAT ID SI80267432

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Report on the operations of the Petrol Group and Petrol d.d., Ljubljana in the first nine months of 2021

STATEMENT OF THE MANAGEMENT BOARD

Members of the Management Board of Petrol d.d., Ljubljana, which comprises Nada Drobne Popović, President of the Management Board, Matija Bitenc, Member of the Management Board, Jože Bajuk, Member of the Management Board, Jože Smolič, Member of the Management Board, and Zoran Gračner, Member of the Management Board/Worker Director, declare that to their best knowledge:

• the financial report of the Petrol Group and Petrol d.d., Ljubljana for the first nine months of 2021 has been drawn up in accordance with International Financial Reporting Standards as adopted by the EU and gives a true and fair view of the assets and liabilities, financial position, financial performance and comprehensive income of the company Petrol d.d., Ljubljana and other consolidated companies as a whole;
• the business report of the Petrol Group and Petrol d.d., Ljubljana for the first nine months of 2021 gives a fair view of the development and results of the Company's operations and its financial position, including the description of material risks that the company Petrol d.d., Ljubljana and other consolidated companies are exposed to as a whole;
• the report of the Petrol Group and the company Petrol d.d., Ljubljana for the first nine months of 2021 contains a fair presentation of significant transactions with related entities, which has been prepared in accordance with International Financial Reporting Standards.

Nada Drobne Popović	Matija Bitenc
President of the Management Board	Member of the Management Board

Jože Bajuk	Jože Smolič
Member of the Management Board	Member of the Management Board

Zoran Gračner

Member of the Management Board

and Worker Director

Ljubljana, 11 November 2021

Companies Register entry: District Court of Ljubljana, Entry number: 1/05773/00, Registration number: 5025796000, Share capital: EUR 52,240,977.04, VAT ID SI80267432

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Report on the operations of the Petrol Group and Petrol d.d., Ljubljana in the first nine months of 2021

INTRODUCTORY NOTES

The report on the operations of the Petrol Group and Petrol, d.d., Ljubljana, Dunajska 50, in the first nine months of 2021 has been published in accordance with the Market in Financial Instruments Act, the Ljubljana Stock Exchange Rules, Guidelines on Disclosure for Listed Companies and other relevant legislation.

The figures and explanation of the operations are based on unaudited consolidated financial statements of the Petrol Group and unaudited financial statements of Petrol d.d., Ljubljana for the first nine months of 2021 prepared in compliance with the Companies Act and IAS 34 - Interim Financial Reporting.

Subsidiaries are included in the consolidated financial statements prepared in accordance with IFRS on the basis of the full consolidation method, while jointly controlled entities and associates are included on the basis of the equity method.

In accordance with IFRS, investments in subsidiaries, jointly controlled entities and associates are carried at historical cost in the separate financial statements.

The report on the operations in the first nine months of 2021 has been published on the website of Petrol d.d., Ljubljana (www.petrol.eu, www.petrol.si), and is available on demand at the registered office of Petrol d.d., Ljubljana, Dunajska cesta 50, 1000 Ljubljana, every working day between 8 am and 3 pm.

The Company's Supervisory Board discussed the report on the operations of the Petrol Group and Petrol d.d., Ljubljana in the first nine months of 2021 at its meeting held on 18 November 2021.

Table 1: Profile of the parent company Petrol d.d., Ljubljana

Company name	Petrol, slovenska energetska družba, d.d., Ljubljana
Abbreviated company name	Petrol d.d., Ljubljana
Registered office	Dunajska cesta 50, 1000 Ljubljana
Telephone	(01) 47 14 234
Website	http://www.petrol.si, http://www.petrol.eu
Activity code	47,301
Company registration number	5025796000
Tax number	SI 80267432
Share capital	EUR 52.24 million
Number of shares	2,086,301
President of the Management board	Nada Drobne Popović
Members of the Management board	Matija Bitenc, Jože Bajuk, Jože Smolič, Zoran Gračner (worker director)
President of the Supervisory board	Janez Žlak

Companies Register entry: District Court of Ljubljana, Entry number: 1/05773/00, Registration number: 5025796000, Share capital: EUR 52,240,977.04, VAT ID SI80267432

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