| 2. Composition of the Group and its changes | ||||
|---|---|---|---|---|
| Name | Registered office | Description of business | Group’s ownership interest | |
| 31.12.2017 | 31.12.2016 | |||
| Parent | ||||
| Downstream segment | ||||
| ● Grupa LOTOS S.A. | Manufacturing and processing of refined petroleum products (mainly fuels) and their wholesale | Not applicable | Not applicable | |
| Direct fully-consolidated subsidiaries | ||||
| Upstream segment | ||||
| ● LOTOS Upstream Sp. z o.o. (parent of another group: LOTOS Upstream Group) (1) | Activities of head offices and holdings | 1 | - | |
| ● LOTOS Petrobaltic S.A. (parent of another group: LOTOS Petrobaltic Group) | Acquisition of crude oil and natural gas deposits, extraction of hydrocarbons | 0.9999 | 0.9999 | |
| Downstream segment | ||||
| ● LOTOS Paliwa Sp. z o.o. | Wholesale and retail sale of fuels and light fuel oil, management of the LOTOS service station network | 1 | 1 | |
| ● LOTOS Oil Sp. z o.o. | Manufacturing and sale of lubricating oils and lubricants, and sale of base oils | 1 | 1 | |
| ● LOTOS Asfalt Sp. z o.o. | Manufacturing and sale of bitumens | 1 | 1 | |
| ● LOTOS Kolej Sp. z o.o. | Railway transport | 1 | 1 | |
| ● LOTOS Serwis Sp. z o.o. | Maintenance of mechanical and electric operations and controlling devices, overhaul and repair services | 1 | 1 | |
| ● LOTOS Lab Sp. z o.o. (parent of another group: LOTOS Lab Group) (2) | Laboratory testing | 1 | 1 | |
| ● LOTOS Straż Sp. z o.o. | Fire service activities | 1 | 1 | |
| ● LOTOS Ochrona Sp. z o.o. | Security services | 1 | 1 | |
| ● LOTOS Terminale S.A. (parent of another group: LOTOS Terminale Group) | Storage and distribution of fuels | 1 | 1 | |
| ● LOTOS Infrastruktura S.A. (parent of another group: LOTOS Infrastruktura Group) | Storage and distribution of fuels; renting and operating of own or leased real estate | 1 | 1 | |
| ● LOTOS Gaz S.A. w likwidacji (in liquidation) | Dormant | 1 | 1 | |
| Non-consolidated direct subsidiaries (3) | ||||
| ● Infrastruktura Kolejowa Sp. z o.o. | Dormant | 1 | 1 | |
| ● LOTOS Foundation | Socially beneficial activity within the scope of public tasks defined in the Act on Public Benefit and Volunteer Work. The Foundation does not conduct any business activity. | 1 | 1 | |
| Indirect fully-consolidated subsidiaries | ||||
| Downstream segment | ||||
| GK LOTOS Lab Sp. z o.o. | ||||
| ● LOTOS Vera Sp. z o.o. | Manufacture of cars | 1 | - | |
| LOTOS Infrastruktura Group | ||||
| ● RCEkoenergia Sp. z o.o. | Production and distribution of electricity, heat and gas | 1 | 1 | |
| LOTOS Terminale Group | ||||
| ● LOTOS Biopaliwa Sp. z o.o. | Production of fatty acid methyl esters (FAME) | 1 | 1 | |
| Upstream segment | ||||
| LOTOS Upstream Group | ||||
| ● LOTOS Exploration and Production Norge AS | Norway, Stavanger | Oil exploration and production on the Norwegian Continental Shelf, provision of services incidental to oil and gas exploration and production | 1 | 0.9999 |
| ● AB LOTOS Geonafta (parent of another group: AB LOTOS Geonafta Group) | Lithuania, Gargždai | Crude oil exploration and production, drilling services, and purchase and sale of crude oil | 1 | 0.9999 |
| • UAB Genciu Nafta | Lithuania, Gargždai | Crude oil exploration and production | 1 | 0.9999 |
| • UAB Manifoldas | Lithuania, Gargždai | Crude oil exploration and production | 1 | 0.9999 |
| LOTOS Petrobaltic Group | ||||
| ● Aphrodite Offshore Services N.V. | Curaçao | Sea transport services (dormant) | 0.9999 | 0.9999 |
| ● B8 Sp. z o.o. | Support activities for extraction and quarrying operations | 0.9999 | 0.9999 | |
| ● B8 Spółka z ograniczoną odpowiedzialnością BALTIC S.K.A. | Exploration for and production of crude oil and natural gas | 0.9999 | 0.9999 | |
| ● Miliana Shipholding Company Ltd. (parent of another group: Miliana Shipholding Company Group) | Nicosia, Cyprus | Storage and transport of crude oil, other sea transport services | 0.9999 | 0.9999 |
| ● Technical Ship Management Sp. z o.o. (parent of another group: Technical Ship Management Group) | Sea transport support activities, ship operation advisory services | 0.9999 | 0.9999 | |
| Provision of sea transport and related services | 0.9999 | 0.9999 | ||
| Nicosia, Cyprus | Provision of sea transport and related services | 0.9999 | 0.9999 | |
| ● Miliana Shipping Group Ltd. (parent of another group: Miliana Shipping Group Group) | Nicosia, Cyprus | Management of own assets | 0.9999 | 0.9999 |
| Nicosia, Cyprus | Ship chartering | 0.9999 | 0.9999 | |
| Nicosia, Cyprus | Ship chartering | 0.9999 | 0.9999 | |
| Nicosia, Cyprus | Ship chartering | 0.9999 | 0.9999 | |
| Nicosia, Cyprus | Ship chartering | 0.9999 | 0.9999 | |
| Nicosia, Cyprus | Ship chartering | 0.9999 | 0.9999 | |
| Nicosia, Cyprus | Ship chartering | 0.9999 | 0.9999 | |
| ● Energobaltic Sp. z o.o. | Production of electricity, heat, LPG and natural gas condensate | 0.9999 | 0.9999 |
(1) On March 10th 2017, Grupa LOTOS S.A. acquired 100% of shares in LOTOS Upstream Sp. z o.o., for a total price of PLN 6 thousand.
(2) On November 6th 2017, LOTOS Lab Sp. z o.o. acquired 100% of shares in Lucea 3 Sp. z o.o. (currently: LOTOS Vera Sp. Zo.o.), for a total price of PLN 6 thousand.
(3) The companies were excluded from consolidation due to immateriality of the amounts disclosed in their financial statements as at December 31st 2016 (IFRS 10 Consolidated Financial Statements).
