Corporate functions
Corporate functions include activities performed by selected companies of the ORLEN Group related to management, administration and other support functions for separate operating segments.
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103-1
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103-2
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103-3
Companies operating under corporate functions perform a wide range of tasks, including:
- Protection of people and property as well as technical security.
- Comprehensive accounting, HR and payroll services as well as inventory services.
- Laboratory services for the analysis of petroleum products and water, sewage, soil and air.
Financial highlights of the Corporate functions segment
| Corporate functions, PLN million | 2021 | 2020 | 2019 | change | % change |
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5=(2-3) | 6=(2-3)/3 |
| Segment revenues, including: | 1 024 | 593 | 525 | 431 | 72.70% |
| Sales revenues from external customers | 444 | 88 | 81 | 356 | 404.50% |
| Sales revenues from transactions with other segments | 580 | 505 | 444 | 75 | 14.90% |
| Segment expenses | (2,171) | (1,712) | (1,522) | (459) | (26.8%) |
| Other operating income/expenses, net | 132 | (183) | 11 | 315 | – |
| (Loss)/reversal of loss due to impairment of trade receivables | 0 | (33) | (24) | 33 | – |
| Share in profit from investments accounted for under equity method | 1 | 1 | 0 | 0 | 0.00% |
| Profit from operations increased by depreciation and amortisation (EBITDA) before impairment allowances 1) | (719) | (1 124) | (835) | 405 | 36.00% |
| Profit/(Loss) from operations increased by depreciation and amortisation (EBITDA) | (722) | (1 128) | (842) | 406 | 36.00% |
| (Loss) from operations (EBIT) | (1,014) | (1,334) | (1,010) | 320 | 24.00% |
| Increase in non-current assets | 343 | 455 | 445 | (112) | (24.6%) |
1 Net allowances for impairment of property, plant and equipment and intangible assets:
• in 2021 amounted to PLN (3) million – concerned mainly impairment allowances at ORLEN Unipetrol Group,
• in 2020 amounted to PLN (4) million – concerned mainly impairment allowances at PKN ORLEN, ORLEN Lietuva Group and the ORLEN Unipetrol Group,
• in 2019 amounted to PLN (7) million - concerned mainly impairment allowances at PKN ORLEN.
• in 2021 amounted to PLN (3) million – concerned mainly impairment allowances at ORLEN Unipetrol Group,
• in 2020 amounted to PLN (4) million – concerned mainly impairment allowances at PKN ORLEN, ORLEN Lietuva Group and the ORLEN Unipetrol Group,
• in 2019 amounted to PLN (7) million - concerned mainly impairment allowances at PKN ORLEN.
