Výročná správa 2008 - Transpetrol

More documents

Recommendations

Info

TRANSPETROL, a. s. Financial statements Šumavská 38 for the year ended 31 December 2008 821 08 Bratislava �� 19 The Company records in the off balance sheet assets of SPP - Optic cable 36,489 m long, totalling SKK 6,499 thousand, low value assets and material for special purpose. �� The Company has the following contingent liabilities that are not recorded in the Company’s account and are not shown on the balance sheet: i) � At the date of these financial statements, several lawsuits were pending relating to execution of 34% of TRANSPETROL, a.s. shares. In 2007, these lawsuits were not competed. In 2004, the court ruled on the suspension of the payment of dividends until discharged. This ruling is still valid and effective. The Company made a statement addressed to its shareholders based on which it prolonged the statute of right to the payment of dividends. The final result of the lawsuit and the possible impact on the financial statements of the Company cannot be estimated reliably. No provision has been made as the Company’s management believes that it is not probable that the Company will incur any significant loss. ii)� The Company agreed from 2004 to compensate the dividend payments from the subsidiary BSP Bratislava - Schwechat Pipeline GmbH to the shareholder – OMV in case that the subsidiary will not be able for any reasons to pay the dividends to OMV. The subsidiary BSP Bratislava - Schwechat Pipeline GmbH agreed to pay the dividends in the minimum amount of 5.5 % of its share capital which is EUR 6,253 thousand, provided that financial results so permit and dividends are declared by shareholders. In case of the financial insolvency or liquidation of the subsidiary company BSP Bratislava - Schwechat Pipelines GmbH, the Company is liable for the settlement of the part of the share capital of BSP Bratislava - Schwechat Pipelines GmbH which belongs to OMV in case of fraud or negligence by TRANSPETROL, a.s. TRANSPETROL, a.s. bears all the risks and costs arising from or connected with the removal of the Bratislava Schwechat pipeline which is planned to be built in future. iii)� Many areas of Slovak tax law have not been sufficiently tested in practice, so there is some uncertainty as to how the tax authorities would apply them. The extent of this uncertainty cannot be quantified. It will be reduced only if legal precedents or official interpretations are available. iv)� Suppliers´ warranties related to the completed investment projects are covered by bank guarantees during the agreed period and suppliers warranties related to the prepayment for projects under construction are covered by bank guarantees until the prepayment is settled in a total amount of SKK 203,743 thousand as of 31 December 2008 (2007: 215,538 thousand). �� Capital expenditures agreed in the contracts but not incurred based on the project plans represent as of 31 December 2008: �� Constructions in progress SKK 145.47 million, �� Constructions not started SKK 229.79 million, �� Constructions in the investor developm ent SKK 0.86 million.
TRANSPETROL, a. s. Financial statements Šumavská 38 for the year ended 31 December 2008 821 08 Bratislava �� The Company has foreign exchange derivative financial instruments entered into by the Company are not traded and were agreed with the bank on specific contractual terms and conditions. Derivatives have potentially favourable (assets) or unfavourable (liabilities) conditions as a result of fluctuations in market foreign exchange rates. The aggregate fair values of derivative financial assets can fluctuate significantly from time to time. The table below sets out fair values, at the balance sheet date, of currencies receivable under foreign exchange forwards contracts entered into by the Company: �� Foreign currency forward 4,412 3,259 �� Gross income of members of the Company statutory bodies for their activity in those statutory bodies were as follows: �� Board of Directors 8,640 8,640 Supervisory Board 8,164 8,640 �� During the accounting period, the Company carried out transactions with the following related parties /Yukos Group, BSP, SWS, Energotel, MH ŠR, SŠHR SPP (supplier of gas), ZSE, SSE, VSE (supplier of electric energy)/. The transactions between the related parties have been carried out on the arm’s length basis. �� a1) Services (Revenue) a2) Re-invoicing of expenses related to object with the special 421 421 importancy (Revenue) � 3 357 2 595 �� b1) Services purchased (Expenses) 3,566 4,731 b2) Lease of optical fibre (Income) 25,601 24,933 b3) Amortisation of deferred income (Income) 9,020 9,020 b4) Oil storage (Revenues) 114,354 54,368 b5) Dividend income 1,000 825 b6) Other revenue (sale and rent of other assets) 145 - b7) Income from decrease of register capital in associate (SWS) - 34,200 b8) Energy costs - electricity, natural gas 169,411 144,337 20
Page 1:
výročná správa | annual report
Page 5 and 6:
Obsah 01 PRÍHOVOR PREDSEDU PREDSTA
Page 7 and 8:
livosť ropovodného systému v spr
Page 9:
Predstavenstvo Board of Directors R
Page 12 and 13:
04 | Preprava a skladovanie ropy HL
Page 15 and 16:
06 | Technický a investičný rozv
Page 17 and 18:
staveniska na výstavbu novej veľk
Page 19 and 20:
RISweb využíva technológiu Map-
Page 21 and 22:
00 | xxx 21
Page 23:
2. kontrolný audit spoločnosťou
Page 26 and 27:
Hospodársky výsledok* / Profit or
Page 28 and 29:
Štatutárny výkaz ziskov a strát
Page 31:
10 | Účtovná závierka k 31. dec
Page 37 and 38:
Ozna- �enie A. B. B.I. B.I.1. B.I
Page 39 and 40:
UVPOD1v_2 2 0 2 0 4 0 3 7 1 5 Bežn
Page 41 and 42:
Ozna- �enie UVPOD1v_2 Súvaha Ú
Page 43 and 44:
UVPOD1v07 7 Súvaha Ú� POD 1 - 0
Page 45 and 46:
UVPOD2v07_2 Ozna- �enie Text a b
Page 47 and 48:
Ozna- �enie *** UVPOD2v07_2 Výka
Page 49 and 50:
TRANSPETROL, a. s. Ú�tovná záv
Page 51 and 52:
Page 53 and 54:
Page 55 and 56: TRANSPETROL, a. s. Ú�tovná záv
Page 71: 24 24
Page 76 and 77: E-mail UVPOD1v07_1 Numerical data m
Page 78 and 79: Line B.III. B.III.1. UVPOD1v_2 a b
Page 80 and 81: Line C.III. C.III.1. C.IV. 2. 3. 4.
Page 82 and 83: UVPOD1v07_7 Balance sheet Ú� POD
Page 84 and 85: UVPOD2v07_2 Numerical data must ali
Page 86 and 87: VII. K. L. * ** T. IX. 2. UVPOD2v07
Page 88 and 89: TRANSPETROL, a. s. Financial statem
Page 110: TRANSPETROL, a. s. Financial statem
show all

Výročná správa 2008 - Transpetrol

Create successful ePaper yourself

Delete template?

Save as template?