DOCUMENTS FOR THE ANNUAL GENERAL MEETING

More documents

Recommendations

Info

MOL Plc. Annual General Meeting 2013 Documents - Insurance Management - Business Continuity Management Transfer of excess operational risks is the responsibility of Insurance Management. Purchase of insurance is an important risk mitigation tool used to cover the most relevant operational and liability exposures. The major insurance types are: Property Damage, Business Interruption, Liability and Control of Well Insurance. Due to the peculiarities of the insurance business, major tasks in this area are carried out in a yearly cycle e.g. the annual renewal of most insurance programs. Business Continuity Management is the process of preparing for unexpected disruptions that have low probability but high impact. Emergency Response Plans, Crisis Management procedures. Disaster Recovery and other risk control programs are crucially important to such a business as ours where operational risk exposure is significant as a consequence of the chemical and physical processes underlying most of our operations. 33/94
MOL Plc. Annual General Meeting 2013 Documents APPENDIX APPENDIX I IMPACT OF SPECIAL ITEMS ON OPERATING PROFIT AND EBITDA (in HUF mn) MOL GROUP FY 2012 FY 2011 restated Total impact of special items on operating profit 64,748 83,726 Total impact of special items on EBITDA 47,221 42,070 UPSTREAM 25,956 8,501 Crisis tax imposed by the Hungarian state on the domestic energy sector 2,544 2,599 Provision for redundancy at INA 300 711 Impairment on receivables 1,830 4,421 Impairment on Crosco Group’s Libyan exploration equipment Impairment / (reversal of impairment) on certain upstream assets in INA Group 770 Recognition of expenses and provision for penalty in Angola 10,061 Provision for contract termination in Iran 7,673 Revision of Hungarian field abandonment provision (7,368) Write-off of the unsuccessful Bijell-3 well 6,607 Impairment of the Ferdinandovac field 4,309 DOWNSTREAM 35,540 73,767 Impairment related to the treatment of gas bottles at Proplin which needed to be harmonized with the current situation 6,058 Crisis tax imposed by the Hungarian state on the domestic energy sector 27,055 25,549 Provision for redundancy at INA 445 1,688 Impairment on goodwill of IES 34,828 Provision for Romanian Competition Council fine 5,644 Impairment on receivables Provision made for redundancy relating to New DS Program 1,429 Impairment on INA's refinery assets 6,611 GAS MIDSTREAM 295 4,148 Crisis tax imposed by the Hungarian state on the domestic energy sector 295 252 Impairment on receivables 3,896 CORPORATE and O<strong>THE</strong>R 2,957 (2,690) Crisis tax imposed by the Hungarian state on the domestic energy sector 496 560 Recognition and release of provision made for tax penalty at INA (4,053) Provision for redundancy at INA 2,461 803 34/94
Page 1 and 2: MOL Plc. Annual General Meeting 201
Page 27: MOL Plc. Annual General Meeting 201
Page 79 and 80:
MOL Plc. Annual General Meeting 201
Page 81:
MOL Plc. Annual General Meeting 201
show all

DOCUMENTS FOR THE ANNUAL GENERAL MEETING

Create successful ePaper yourself

Delete template?

Save as template?