DOCUMENTS FOR THE ANNUAL GENERAL MEETING

MOL Plc. Annual General Meeting 2013 Documents
APPENDIX II
Notes
1 Net external sales revenues and operating profits include profits arising both from sales to third
parties and transfers to the other Business Units. Upstream transfers domestically-produced crude oil,
condensates and LPG to Downstream and natural gas to Gas Midstream. Internal transfer prices are
based on prevailing market prices. Gas transfer prices equal average import prices. Segmental figures
include the results of fully-consolidated subsidiaries engaged in their respective segments.
2 This line shows the effect on operating profits of the change in the amount of unrealised profit in
respect of intersegment transfers. Unrealised profits arise where the item transferred is held in
inventory by the receiving segment and a third-party sale takes place but only in a subsequent
quarter. For segmental reporting purposes, the transferor segment records a profit immediately at
point of transfer. However, at the Company level, profits are only reported when a related third-party
sale has taken place. In previous years, this unrealised profit effect was not shown separately, but was
included in the reported segmental result of the receiving segment. Unrealised profits arise principally
in respect of transfers from Upstream to Gas Midstream.
3 Special items affected operating profits and EBITDA is detailed in Appendix I.
4 Estimated Current Cost of Supply-based EBITDA and operating profit/(loss) excluding special items.
FX gain or loss on debtors and creditors and impairment on inventories in Refining & Marketing
5
In converting HUF financial data into USD, the following average NBH rates were used: for FY 2011:
200.9 HUF/USD, for FY 2012: 225.4 HUF/USD.
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