Annual report 2012 - Česká rafinérská, as

ČESKÁ RAFINÉRSKÁ, a.s.
NOTES TO FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2012
21. RELATED PARTY TRANSACTIONS (continued)
Related party short-term payables (CZK’000):
Related party 31 December 2012 31 December 2011
UNIPETROL DOPRAVA, s.r.o. 114,560 139,229
UNIPETROL SERVICES, s.r.o. 40 40
Eni Česká republika, s.r.o. 26,300 6,157
Shell Czech Republic a.s. 12,313 2,575
UNIPETROL, a.s. 26,652 26,663
SPOLANA a.s. 376 -
HC VERVA Litvínov, a.s. 0 23
Výzkumný ústav anorganické chemie, a.s. 2,283 246
PARAMO, a.s. 242 158
UNIPETROL RPA, s.r.o. 192,584 156,954
PKN ORLEN S.A. 6 -
ORLEN Ochrona Sp. z o.o. 425 -
Total 375,781 332,045
Loans provided to related parties (CZK’000):
On 31 July 2003, the Company provided a long-term commodity loan of CZK 654,090
thousand to Processors (Note 6).
Loans received from related parties (CZK’000):
Related party 31 December 2012 31 December 2011
Long-term part
UNIPETROL RPA, s.r.o. 80,948 112,282
Eni Česká republika, s.r.o. 15,802 21,920
Short-term part
UNIPETROL RPA, s.r.o. 31,335 31,335
Eni Česká republika, s.r.o.* 6,117 6,117
The long-term loan from UNIPETROL RPA, s.r.o. and Eni Česká republika, s.r.o.
represents a loan for the modernisation of production unit with cost of
CZK 374,518 thousand (Note 3b) and for the first catalyst fill of this equipment
of CZK 29,850 thousand.
The loan repayments started after the equipment was put in use. The principal
repayments are offset against the processing fee payable arising to the Processors as
a result of the depreciation charge on the related equipment and the catalyst
consumption. The loan bears an interest rate floating on the basis of
1 M PRIBOR + margin 0.75 % p.a. The interest payable is settled in cash.
ANNUAL REPORT ČESKÁ RAFINÉRSKÁ, a.s., 2012 57