Notes to the financial statements
11. Business Segments
| PLN '000 |
Upstream segment |
Downstream segment | Other (1) | Consolidation adjustments | Consolidated |
|---|---|---|---|---|---|
| Year ended Dec 31 2010 | |||||
| Sales revenue: | 327,089 | 19,702,395 | 21,084 | (370,035) | 19,680,533 |
| Intersegment sales | 326,766 | 33,265 | 10,004 | (370,035) | - |
| External sales | 323 | 19,669,130 | 11,080 | - | 19,680,533 |
| Operating profit/(loss) (EBIT) | 24,672 | 705,254 | (1,382) | 34,771 | 763,315 |
| Amortisation and depreciation | 60,065 | 321,184 | 10,009 | (1,357) | 389,901 |
| Operating profit/(loss) before amortisation and depreciation (EBITDA) | 84,737 | 1,026,438 | 8,627 | 33,414 | 1,153,216 |
| PLN '000 | Upstream segment | Downstream segment | Other (1) | Consolidation adjustments | Consolidated |
| Dec 31 2010 | |||||
| Total assets | 2,103,955 | 16,069,180 | 148,131 | (585,237) | 17,736,029 |
| - including net exploration and appraisal assets | 73,193 | - | - | - | 73,193 |
(1) Includes LOTOS Ekoenergia Sp. z o.o., LOTOS Park Technologiczny Sp. z o.o., LOTOS Gaz S.A. and Energobaltic Sp. z o.o.
External sales – Geographical Structure
| PLN '000 | Upstream segment | Downstream segment | Other (1) | Consolidated |
|---|---|---|---|---|
| Year ended Dec 31 2010 | ||||
| Domestic sales: | 323 | 15,993,288 | 11,080 | 16,004,691 |
| - products | 154 | 15,704,962 | 11,066 | 15,716,182 |
| - goods for resale and materials | 169 | 288,326 | 14 | 288,509 |
| Export sales: | - | 3,675,842 | - | 3,675,842 |
| - products | - | 3,377,808 | - | 3,377,808 |
| - goods for resale and materials | - | 298,034 | - | 298,034 |
| Total | 323 | 19,669,130 | 11,080 | 19,680,533 |
(1) Includes LOTOS Ekoenergia Sp. z o.o., LOTOS Park Technologiczny Sp. z o.o., LOTOS Gaz S.A. and Energobaltic Sp. z o.o.
| PLN '000 | Upstream segment | Downstream segment (1) | Other (2) | Consolidation adjustments | Consolidated |
|---|---|---|---|---|---|
|
Year ended Dec 31 2009 (restated) |
|||||
| Sales revenue: | 235,280 | 14,434,329 | 2,136 | (350,704) | 14,321,041 |
| Intersegment sales | 229,229 | 121,202 | 273 | (350,704) | - |
| External sales | 6,051 | 14,313,127 | 1,863 | - | 14,321,041 |
| Operating profit/(loss) (EBIT) | (6,652) | 444,873 | (444) | (17,984) | 419,793 |
| Amortisation and depreciation | 53,373 | 231,051 | 950 | (581) | 284,793 |
| Operating profit/(loss) before amortisation and depreciation (EBITDA) | 46,721 | 675,924 | 506 | (18,565) | 704,586 |
| PLN '000 |
Upstream segment |
Downstream segment (3) | Other (4) | Consolidation adjustments | Consolidated |
|
Dec 31 2009 (restated) |
|||||
| Total assets | 1,858,851 | 13,791,018 | 152,173 | (576,090) | 15,225,952 |
| - including net exploration and appraisal assets | 86,438 | - | - | - | 86,438 |
(1) Includes the LPG trading business of the LOTOS Gaz Group.
(2) Includes LOTOS Ekoenergia Sp. z o.o., LOTOS Park Technologiczny Sp. z o.o. and Energobaltic Sp. z o.o. (from the date of acquiring control by LOTOS Petrobaltic S.A.).
(3) Including an organised part of business in the form of the LPG Trading Division of LOTOS Gaz S.A., acquired by LOTOS Paliwa Sp. z o.o. from LOTOS Gaz S.A.
(4) Includes LOTOS Ekoenergia Sp. z o.o., LOTOS Park Technologiczny Sp. z o.o., LOTOS Gaz S.A. and Energobaltic Sp. z o.o.
External Sales – Geographical Structure
| PLN '000 | Upstream segment | Downstream segment (1) | Other (2) | Consolidated |
|---|---|---|---|---|
|
Year ended Dec 31 2009 (restated) |
||||
| Domestic sales: | 3,281 | 12,412,755 | 1,863 | 12,417,899 |
| - products | 2,787 | 10,910,400 | 1,848 | 10,915,035 |
| - goods for resale and materials | 494 | 1,502,355 | 15 | 1,502,864 |
| Export sales (3): | 2,770 | 1,900,372 | - | 1,903,142 |
| - products | 2,770 | 1,743,216 | - | 1,745,986 |
| - goods for resale and materials | - | 157,156 | - | 157,156 |
| Total | 6,051 | 14,313,127 | 1,863 | 14,321,041 |
(1) Includes the LPG trading business of the LOTOS Gaz Group.
(2) Includes LOTOS Ekoenergia S.A., LOTOS Park Technologiczny Sp. z o.o. and Energobaltic Sp. z o.o. (from the date of acquiring control by LOTOS Petrobaltic S.A.).
(3) Allocated jointly to all the foreign countries where the Group generates revenue.
This is a translation of a document originally issued in Polish
The notes to the financial statements, presented on following pages, are their integral part.
