8. Business segments

A A A
PLN ’000 Upstream segment Downstream segment Other (1) Consolidation adjustments Consolidated
for the year ended Dec 31 2013
Revenue: 623,936 28,587,306 24,474 (638,374) 28,597,342
Intersegment sales 578,369 43,093 16,912 (638,374) -
External sales 45,567 28,544,213 7,562 - 28,597,342
Operating profit/(loss)
(EBIT)		 153,930 13,902 13,937 (35,275) 146,494
Amortisation and depreciation 147,192 500,804 9,860 (1,791) 656,065
Operating profit/(loss)
before amortisation and
depreciation (EBITDA)		 301,122 514,706 23,797 (37,066) 802,559

 

PLN ’000 Upstream segment Downstream segment Other (1) Consolidation adjustments Consolidated
Dec 31 2013
Total assets 4,116,495 17,059,568 120,425 (996,871) 20,299,617
- including exploration and evaluation assets 381,130 - - - 381,130

 

PLN ’000 Upstream segment Downstream segment Other (1) Consolidation adjustments Consolidated

for the year ended Dec 31 2012
(restated)
Revenue: 759,799 32,899,919 27,205 (575,923) 33,111,000
Intersegment sales 512,675 43,467 19,781 (575,923) -
External sales 247,124 32,856,452 7,424 - 33,111,000
Operating profit/(loss)
(EBIT)		 (675,213) (2) 984,122 5,397 (1,550) 312,756
Amortisation and depreciation 137,855 520,066 10,339 (1,795) 666,465
Operating profit/(loss)
before amortisation and depreciation (EBITDA)		 (537,358) 1,504,188 15,736 (3,345) 979,221

 

PLN ’000 Upstream segment Downstream segment Other (1) Consolidation adjustments Consolidated

Dec 31 2012
(restated)
Total assets 3,373,334 17,397,475 148,607 (891,851) 20,027,565
- including exploration and evaluation assets 150,033 - - - 150,033

(1) Includes LOTOS Park Technologiczny Sp. z o.o., LOTOS Gaz S.A. w likwidacji (in liquidation) and Energobaltic Sp. z o.o.
(2) Including an impairment loss on YME field assets, of PLN 935,247 thousand; see Note 13.

Geographical structure of sales
PLN ’000 Upstream segment Downstream segment Other (1) Consolidated
for the year ended Dec 31 2013
Domestic sales 6,491 20,370,299 7,562 20,384,352
- products and services 6,257 18,804,309 7,562 18,818,128
- merchandise and materials 234 1,565,990 - 1,566,224
Export sales 39,076 8,173,914 - 8,212,990
- products and services 38,201 7,835,360 - 7,873,561
- merchandise and materials 875 338,554 - 339,429
Total 45,567 28,544,213 7,562 28,597,342

 

PLN ’000 Upstream segment

Downstream segment

 Other (1) Consolidated
for the year ended Dec 31 2012
Domestic sales 304 24,142,354 7,424 24,150,082
- products and services 65 23,107,959 7,424 23,115,448
- merchandise and materials 239 1,034,395 - 1,034,634
Export sales 246,820 8,714,098 - 8,960,918
- products and services 207,679 8,368,721 - 8,576,400
- merchandise and materials 39,141 345,377 - 384,518
Total 247,124 32,856,452 7,424 33,111,000

(1) Includes LOTOS Park Technologiczny Sp. z o.o., LOTOS Gaz S.A. w likwidacji (in liquidation) and Energobaltic Sp. z o.o.

Sales by products. merchandise and services
PLN ’000 Upstream segment Downstream segment Other (1) Consolidated
for the year ended Dec 31 2013
Gasolines - 5,010,064 - 5,010,064
Naphtha - 824,241 - 824,241
Diesel oils - 14,365,265 - 14,365,265
Bunker fuel - 124,661 - 124,661
Light fuel oil - 942,434 - 942,434
Heavy fuel oil - 2,037,899 - 2,037,899
Aviation fuel - 1,474,528 - 1,474,528
Lubricants - 380,218 - 380,218
Base oils - 485,887 - 485,887
Bitumens - 1,246,061 - 1,246,061
LPG - 564,540 - 564,540
Crude oil 32,094 - - 32,094
Other products, merchandise
and materials		 - 517,155 - 517,155
Other products, merchandise
and materials		 530 292,630 7,523 300,683
Services 12,943 291,082 39 304,064
Effect of cash flow hedge accounting - (12,452) - (12,452)
Total 45,567 28,544,213 7,562 28,597,342

(1) Includes LOTOS Park Technologiczny Sp. z o.o., LOTOS Gaz S.A. w likwidacji (in liquidation) and Energobaltic Sp. z o.o.

PLN ’000 Upstream segment Downstream segment Other (1) Consolidated
for the year ended Dec 31 2012
Gasolines - 5,221,788 - 5,221,788
Naphtha - 1,097,071 - 1,097,071
Reformat - 458,827 - 458,827
Diesel oils - 16,374,326 - 16,374,326
Bunker fuel - 111,347 - 111,347
Light fuel oil - 1,145,857 - 1,145,857
Heavy fuel oil - 2,226,874 - 2,226,874
Aviation fuel - 1,855,654 - 1,855,654
Lubricants - 367,701 - 367,701
Base oils - 568,804 - 568,804
Bitumens - 1,730,266 - 1,730,266
LPG - 502,388 - 502,388
Crude oil 239,828 - - 239,828
Other refinery products, merchandise
and materials		 - 765,660 - 765,660
Other products, merchandise
and materials		 599 172,838 7,386 180,823
Services 6,697 274,142 38 280,877
Effect of cash flow hedge accounting - (17,091) - (17,091)
Total 247,124 32,856,452 7,424 33,111,000

(1) Includes LOTOS Park Technologiczny Sp. z o.o., LOTOS Gaz S.A. w likwidacji (in liquidation) and Energobaltic Sp. z o.o.

In 2013, there were no customers whose share in the LOTOS Group’s total revenue would significantly exceed 10%.