Search results
Sorry, nothing was found
No notes
Your basket is empty
Send to printer
Delete






2.3. Related-party transactions

The Group’s related parties include entities jointly controlled by the Group, the Group’s associates, the Group’s subsidiaries which are not consolidated due to immateriality of their data, companies in which the State Treasury holds an equity interest (subsidiaries, jointly controlled entities and associates), as well as the Group’s key management personnel (i.e. members of the Management and Supervisory Boards of the Parent and its subsidiaries).

The State Treasury is the entity having control of the Group.

2016 2015
Joint
ventures
Other
related
parties
Total Joint
ventures
Other
related
parties
Total
Revenue and income/expenses for the period
Sale of products and services 28 5 33 31 4 35
Interest income from loans advanced 11 7 18 13 13
Total 39 12 51 31 17 48
Purchase of services, merchandise and materials (4) (4) (2) (2)
Purchase of tangible assets under construction (24) (24) (17) (17)
Other purchases (1) (1)
Total (29) (29) (19) (19)
Balance at end of period
Trade receivables 4 1 5 1 1 2
Including impairment losses
Loans advanced 250 250 215 215
Including impairment losses (56) (56) (48) (48)
Total 254 1 255 1 216 217
Trade payables 23 5 28 7 2 9
Total 23 5 28 7 2 9

In 2016, neither the Parent nor its subsidiaries entered into any material related-party transactions other than on arm’s length terms.