Petrol d d : Report on the operations of the petrol group and petrol d.d., ljubljana in the first six months of 2023

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Public.

Public

Report on the operations

of the Petrol Group and Petrol d.d., Ljubljana

in the first six months of 2023

Javno

Public

Report on the operations of the Petrol Group and Petrol d.d., Ljubljana in the first six months of 2023

Companies Register entry: District Court of Ljubljana, Entry number: 1/05773/00, Registration number: 5025796000, Share capital: EUR 52,240,977.04 EUR, VAT ID SI80267432

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	Report on the operations of the Petrol Group and Petrol d.d., Ljubljana in the first six months of 2023
TABLE OF CONTENTS
INTRODUCTION	4
1.	Statement of the Management's Responsibility	5
2.	Introductory notes	6
3.	Business highlights of the Petrol Group	7
4.	Strategic orientation	9
BUSINESS REPORT	10
5.	Business performance analysis	11
6.	Operations by product groups	26
7.	Major corporate projects	38
8.	Investments	39
9.	Risk management	40
10.	Share and ownership structure	45
SUSTAINABLE DEVELOPMENT	50
11.	Responsibility towards the natural environment	51
12.	Employees	52
13.	Quality control	54
14.	Social responsibility	56
OTHER INFORMATION	58
15.	Strategy of the Petrol Group for the period 2021-2025	59
16.	Business plan for 2023	62
17.	Alternative performance measures	64
18.	General Meeting of Petrol d.d., Ljubljana	65
19.	Supervisory Board of Petrol d.d., Ljubljana	66
20.	Credit rating	66
21.	Events after the end of the accounting period	66
FINANCIAL REPORT	68
22.	Financial performance of the Petrol Group and Petrol d.d., Ljubljana	69
23.	Notes to the financial statements	75
24.	Segment reporting	76
25.	Notes to individual items in the financial statements	79
26.	Financial instruments and risks	89
27.	Related party transactions	97
28.	Contingent liabilities	98
29.	Events after the reporting date	99
Appendix 1: Organisational structure of the Petrol Group	100
Appendix 2: List of abbreviations in the report	101
Companies Register entry: District Court of Ljubljana, Entry number: 1/05773/00, Registration number: 5025796000, Share capital: EUR 52,240,977.04 EUR, VAT ID SI80267432	3/101

Javno

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Report on the operations of the Petrol Group and Petrol d.d., Ljubljana in the first six months of 2023

INTRODUCTION

Companies Register entry: District Court of Ljubljana, Entry number: 1/05773/00, Registration number: 5025796000, Share capital: EUR 52,240,977.04 EUR, VAT ID SI80267432

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Report on the operations of the Petrol Group and Petrol d.d., Ljubljana in the first six months of 2023

1. Statement of the Management's Responsibility

Members of the Management Board of Petrol d.d., Ljubljana, which comprises Nada Drobne Popović, President of the Management Board, Matija Bitenc, Member of the Management Board, Jože Smolič, Member of the Management Board, and Zoran Gračner, Member of the Management Board/Worker Director, declare that to their best knowledge:

• the financial report of the Petrol Group and Petrol d.d., Ljubljana, for the first six months of 2023 has been drawn up in accordance with International Financial Reporting Standards as adopted by the EU and gives a true and fair view of the assets and liabilities, financial position, financial performance and comprehensive income of Petrol d.d., Ljubljana, and other consolidated companies as a whole;
• the business report of the Petrol Group and Petrol d.d., Ljubljana, for the first six months of 2023 gives a fair view of the development and results of the Company's operations and its financial position, including the description of material risks that Petrol d.d., Ljubljana, and other consolidated companies are exposed to as a whole;
• the report of the Petrol Group and Petrol d.d., Ljubljana, for the first six months of 2023 contains a fair presentation of significant transactions with related entities, which has been prepared in accordance with International Financial Reporting Standards.

Nada Drobne Popović	Matija Bitenc
President of the Management Board	Member of the Management Board

Jože Smolič	Zoran Gračner
Member of the Management Board	Member of the Management Board and
	Worker Director

Ljubljana, 17 August 2023

Companies Register entry: District Court of Ljubljana, Entry number: 1/05773/00, Registration number: 5025796000, Share capital: EUR 52,240,977.04 EUR, VAT ID SI80267432

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