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

Javno

Public.

Report on the operations

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

in the first three months of 2023

Javno

Public

Report on the operations of the Petrol Group and Petrol d.d., Ljubljana in the first three 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 three 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	25
7.	Major corporate projects	36
8.	Investments	37
9.	Risk management	38
10.	Share and ownership structure	43
SUSTAINABLE DEVELOPMENT	48
11.	Responsibility towards the natural environment	49
12.	Employees	50
13.	Quality control	52
14.	Social responsibility	54
OTHER INFORMATION	55
15.	Strategy of the Petrol Group for the period 2021-2025	56
16.	Business plan for 2023	59
17.	Alternative performance measures	61
18.	General Meeting Petrol d.d., Ljubljana	62
19.	Supervisory Board of Petrol d.d., Ljubljana	62
20.	Credit rating	62
21.	Events after the end of the accounting period	62
FINANCIAL REPORT	63
22.	Financial performance of the Petrol Group and Petrol d.d., Ljubljana	64
23.	Notes to the financial statements	70
24.	Segment reporting	71
25.	Notes to individual items in the financial statements	73
26.	Financial instruments and risks	84
27.	Related party transactions	92
28.	Contingent liabilities	93
29.	Events after the reporting date	94
Appendix 1: Organisational structure of the Petrol Group	95
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	3/95

Javno

Public

Report on the operations of the Petrol Group and Petrol d.d., Ljubljana in the first three 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 three 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 Bajuk, 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 three 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 three 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 three 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 Bajuk	Jože Smolič
Member of the Management Board
Member of the Management Board

Zoran Gračner

Member of the Management Board and

Worker Director

Ljubljana, 11 May 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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