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2.3.1. Transactions with entities in which the State Treasury holds equity interests

Transactions with entities in which the State Treasury holds equity interests (and has control or joint control of, or significant influence on, such entities) are mainly transactions executed in the course of the Group’s day-to-day operations, i.e. natural gas trading, sale of crude oil, and sale of electricity.

2016 2015
Revenue 3,855 4,907
Expenses (888) (880)
Receivables 631 429
Liabilities 78 44

The data above includes transactions with the following companies: Operator Gazociągów Przesyłowych GAZ-SYSTEM S.A., Polski Koncern Naftowy ORLEN S.A., ORLEN Południe S.A., PGE Górnictwo i Energetyka Konwencjonalna S.A., Grupa LOTOS S.A., Grupa Azoty Zakłady Azotowe PUŁAWY S.A., Zakłady Azotowe w Tarnowie – Mościcach S.A., Grupa Azoty Zakłady Azotowe Kędzierzyn S.A., Grupa Azoty Zakłady Chemiczne POLICE S.A., Anwil S.A., Energa Obrót S.A., Polskie Sieci Elektroenergetyczne S.A., and KGHM Polska Miedź S.A.