ČESKÁ RAFINÉRSKÁ, a.s. NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER <strong>2008</strong> 21. RELATED PARTY TRANSACTIONS (continued) Income and expenses resulting from transactions between related parties executed in <strong>2008</strong> amounted to (CZK’000): Related party Income / Sales Expenses / Purch<strong>as</strong>es Agip Česká republika, s.r.o. 3,196,307 108,405 CELIO a.s. 6 3,429 Výzkumný ústav anorganické chemie, a.s. 464 6,375 HC Litvínov, a.s. - 62 UNIPETROL RPA, s.r.o. 5,610,693 1,459,790 PARAMO, a.s. 47 2,300 Shell Czech Republic a.s. 1,584,634 52,078 PETROTRANS, s.r.o. - 24 SPOLANA a.s. - 4,318 UNIPETROL, a.s. 981 19,860 UNIPETROL DOPRAVA, s.r.o. 195 904,638 UNIPETROL SERVICES, s.r.o. - 290 Total 10,393,327 2,561,569 The Company’s sales of products and services to related parties in 2007 amounted to CZK 9,359,602 thousand. In 2007 purch<strong>as</strong>es of goods and services from related parties amounted to CZK 2,724,656 thousand. Transactions were concluded on the arm’s-length b<strong>as</strong>is. Trade receivables and payables from these transactions arose under the same terms and conditions <strong>as</strong> with third parties. As at 31 December <strong>2008</strong>, b<strong>as</strong>ed on Processing Agreement, the Company holds 94 thousand tonnes of crude oil, 98 thousand tonnes of semi-finished goods and 143 thousand tonnes of finished refinery goods for the Processors. 22. RESEARCH AND DEVELOPMENT COSTS Research and development activities are not carried out by the Company on its own, but all results of such activities are acquired from external sources (Note 4). 23. EXTRAORDINARY INCOME AND EXPENSES In <strong>2008</strong> and 2007, the Company did not incur any extraordinary expenses or revenues. ANNUAL REPORT ČESKÁ RAFINÉRSKÁ, a.s., <strong>2008</strong> 47
ANNUAL REPORT ČESKÁ RAFINÉRSKÁ, a.s., <strong>2008</strong> 48
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