Grupa LOTOS S.A. Annual Report 2010
Report 2010

Highlights

Grupa LOTOS – Selected Data

  Unit(**) For year ending
31.12.2010		 For year ending
31.12.2009		 Change Unit(**) For year ending 31.12.2010 For year ending 31.12.2009 Change
Financial
Data (*) 
 		     (restated)       (restated)  
Sales revenues k PLN 18,124,675  12,696,912 43%  k EUR 4,526,190  2,925,151  55%
Operating profit k PLN 308,266  108  285,331%  k EUR 76,982  25  307,828%
Profit before tax k PLN 520,433  701,871  -26%  k EUR 129,965  161,699  -20%
Profit on continued activity k PLN 464,954  591,327  -21%  k EUR 116,111  136,232  -15%
Total comprehensive income k PLN 464,954   591,327   -21% k EUR 116,111   136,232  -15%
Net cash flows from operating activities k PLN 281,132  (25,227)  - k EUR 70,206  (5,812)  -
Net cash flows from investment activities k PLN (407,232)  (2,403,315) )) - k EUR (101,696)  (553,683)  -
Net cash flows from financial activities k PLN 401,470  2,150,062  -81%  k EUR 100,257  495,338  -80%
Total net cash flows k PLN 272,422  (277,298)  - k EUR 68,031  (63,885)  -
Basic profit per one common share PLN 3.58  4.88  -27%  EUR 0.89  1.12  -21%
Social investments k PLN 1,240  793  56%  k EUR 310  183  69%
Environmental investments k PLN 16,812  138,818  -88% k EUR 4,198  31,981  -87%
    As at
31.12.2010		 As at
31.12.2009		     As at
31.12.2010		 As at
31.12.2009		  
      (restated)       (restated)  
Total assets k PLN 14,686,730  12,559,630  17%  k EUR 3,708,489  3,057,210  21%
Equities k PLN 5,945,053  5,480,099  8%  k EUR 1,501,162  1,333,942  13%
  Unit For year ending
31.12.2010		 For year ending
31.12.2009		 Change
Non-financial Data     (comparative data)  
Employees No. of employees 1,310 1,305 0.4%
Employment rotation % 10.6 13.3 -2,7 p.p.
Lost Time Injury Frequency, LTIF (per 1m hours worked)   3.4 5.6 -39.3%
Total water consumption m3 3,961,494 3,766,240 5.2%
CO2 emissions k tonnes/year 1,607 1,121 43%

LOTOS Group – Selected Consolidated Data

  Unit(**) For year ending
31.12.2010		 For year ending
31.12.2009		 Change Unit(**) For year ending
31.12.2010		 For year ending
31.12.2009		 Change
Financial Data (*)     (restated)       (restated)  
Sales revenues k PLN 19,680,533 14,321,041 37% k EUR 4,914,727 3,299,323 49%
Operating profit k PLN 763,315 419,793 82% k EUR 190,619 96,713 97%
Profit before tax k PLN 721,939 1,109,608 -35% k EUR 180,286 255,635 -29%
Profit on continued activity k PLN 681,353 911,812 -25% k EUR 170,151 210,066 -19%
Profit on continued activity ascribed to parent entity shareholders k PLN 679,180 900,761 -25% k EUR 169,608 207,520 -18%
Profit on continued activity ascribed to non-controlling interest k PLN 2,173 11,051 -80% k EUR 543 2,546 -79%
Total comprehensive income k PLN 678,609 928,661 -27% k EUR 169,466 213,948 -21%
Comprehensive income attributable to owners of the Parent k PLN 676,450 908,083 -26% k EUR 168,927 209,207 -19%
Comprehensive income attributable to non-controlling interests k PLN 2,159 20,578 -90% k EUR 539 4,741 -89%
Operating activity cash flows net k PLN 880,255 695,024 27% k EUR 219,822 160,122 37%
Investment activity cash flows net k PLN (1,053,896) (3,333,619) - k EUR (263,184) (768,009) -
Financial activity cash flows net k PLN 447,706 2,181,465 -79% k EUR 111,804 502,572 -78%
Total cash flows net k PLN 272,095 (454,491) - k EUR 67,949 (104,776) -
Basic profit per one common share PLN 5.23 7.44 -30% EUR 1.31 1.71 -23%
Social investments k PLN 1,485 839 77% k EUR 371 193 92%
    As at
31.12.2010		 As at
31.12.2009		     As at
31.12.2010		 As at
31.12.2009		  
      (restated)       (restated)  
Total assets k PLN 17,736,029 15,225,952 16% k EUR 4,478,456 3,706,234 21%
Equity ascribed to the parent entity's shareholders k PLN 7,498,819 6,809,393 10% k EUR 1,893,498 1,657,513 14%
Non-controlling interest k PLN 14,658 36,752 -60% k EUR 3,701 8,946 -59%
Total equity k PLN 7,513,477 6,846,145 10% k EUR 1,897,199 1,666,459 14%
Non-financial Data Unit For year ending
31.12.2010		 For year ending
31.12.2009		 Change
      (comparative data)  
Employees No. of employees 5,010 4,949 1.2%
Lost Time Injury Frequency, LTIF (per 1m hours worked)   4.9 4.4 11.4%
Fuel market share % 31.7 28.3 3.4 p.p.
Oil exploitation k tonnes 186.5 175.4 6.3%
Gas exploitation mn Nm3 20.7 19.5 6.2%

 

 

  

(*) For a detailed presentation of financial results, see Consolidated Financial Statements.

(**) In order to convert an item of the report from a financial item in the table of "Basic figures" as at 31 December 2010, the NBP (National Bank of Poland) mid-rate of EUR was applied, binding on that day, i.e. 1 EUR = 3.9603 PLN. The items of the total income report and the cash flow statement presented in the table for the year ending 31 December 2010 were converted at the rate of 1 EUR = 4.0044 PLN (i.e. the rate being the arithmetic average of the mid-rates published by NBP on the last day of each finished month in the period from 1 January to 31 December 2010).

In order to convert an item of the report from a financial item in the table of "Basic figures" as at 31 December 2009, the NBP mid-rate of EUR was applied, binding on that day, i.e. 1 EUR = 4.1082 PLN. The items of the total income report and the cash flow statement presented in the table for the year ending 31 December 2009 were converted at the rate of 1 EUR = 4.3406 PLN (i.e. the rate being the arithmetic average of the mid-rates published by NBP on the last day of each finished month in the period from 1 January to 31 December 2009).

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