MOL Hungarian Oil and Gas Public Limited Company Annual report ...

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MOL HUNGARIAN OIL AND GAS PUBLIC LIMITED COMPANYSupplementary Notes for the year ending on 31 December 201243. EmployeesStaff categoriesAveragestatisticalstaff(persons)2011 2012PersonneltypeAveragestatisticalexpenses staff(HUF million) (persons)Wages andsalaries(HUFmillion)Wages andsalaries(HUFmillion)HUF millionPersonneltypeexpenses(HUF million)Full-time employees 5,333 35,605 5,898 5,378 38,325 5,539- blue-collar 2,501 10,750 2,399 2,466 11,539 2,138- white-collar 2,832 24,855 3,499 2,912 26,786 3,401Other 73 1,450 196 90 1,491 437Total: 5,406 37,055 6,094 5,468 39,816 5,97644. Board of Directors, Supervisory Board and top managementRemuneration paid to members of Board of Directors and Supervisory BoardDescriptionBoard ofDirectors2011 2012SupervisoryBoardTotalBoard ofDirectorsSupervisoryBoardHUF millionHonorarium 117 83 200 130 92 222TotalShares held by the members of the Board of Directors and Supervisory BoardDescriptionNumber of shares held2011 2012Board of Directors 239,574 229,443Supervisory Board 63,300 54,588Total: 302,874 284,031Loans given to the members of the Board of Directors and Supervisory BoardMOL Plc. did not provide any loans, advances or guaranties to its responsible executive officers in 2011 and 2012and has no pension liabilities to its former responsible executive officers either.65
MOL HUNGARIAN OIL AND GAS PUBLIC LIMITED COMPANYSupplementary Notes for the year ending on 31 December 201245. Commitments and contingent liabilitiesCapital and contractual commitmentsThe total value of capital commitments as of 31 December 2012 was HUF 5,698 million. Capital commitmentsrelate to obligations to purchase of tangible and intangible assets.Gas Purchases Obligation, Take or Pay ContractMOL Plc. has concluded a long-term gas purchase contract with MET Zrt. in order to ensure the continuous naturalgas supply of the Group's plants. According to the agreement, contracted volumes have been set for each year forthe period ending in 2015 but the volumes for the actual period are subject to annual renegotiation with thesupplier. The major part of the renegotiated yearly contracted volumes are under take-or-pay commitment (140mcm as of 31 December 2012).Operating lease liabilitiesAt the end of 2012 the operative lease liability of the Company amounts to HUF 23 million. From this amount, theliability within a year amounts to HUF 15 million, while the remaining part is due within 2-5 years.In 2011, the operative lease liability amounted to HUF 40 million. The total value was divided in the portion of 50-50% between mature within a year and within 2-5 years.GuaranteesForm of liability Currency AmountComfort letter EUR 3,000,000Guarantee USD 158,000,000Guarantee EUR 39,494,689Guarantee HRK 12,000,000Guarantee HUF 1,820,000,000Parent company guarantee USD 1,675,509,739Parent company guarantee EUR 91,739,115Parent company guarantee CZK 940,000,000Parent company guarantee RON 41,107,036Parent company guarantee PLN 85,000,000The Company has given comfort letter with guarantees without any limit for MOL Commodity Trading Kft. andPanfora Oil&Gas s.r.l. subsidiaries.Emission rights (CO 2 allowances) futuresThe off balance sheet item liability of emission rights is EUR 716,737 as of 31 December 2012.66
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