Notes to consolidated financial statements (in PLN million)

item_report_en_finance_notes_to_consolidated_financial_statements_2013
Notes to consolidated financial statements (in PLN million)
1. General information - 1.1. Principal activity of the Capital Group
1.1. Principal activity of the Capital Group
Polski Koncern Naftowy ORLEN Spółka Akcyjna seated in Płock, 7 Chemików Street ("Company", "PKN ORLEN", "Issuer", "Parent Company") was
established through transformation of a state-owned enterprise into a joint stock company, on the basis of the Public Notary Act of 29 June 1993.
The Company was registered as Mazowieckie Zakłady Rafineryjne i Petrochemiczne "Petrochemia Płock" S.A. in the District Court in Płock.
Effective 20 May 1999, the Company changed its business name to Polski Koncern Naftowy Spółka Akcyjna.
On 7 September 1999, Centrala Produktów Naftowych ("CPN") Spółka Akcyjna was incorporated, thus CPN was removed from the commercial
register. Effective 12 April 2000, the Company changed its business name to Polski Koncern Naftowy ORLEN Spółka Akcyjna.
According to Warsaw Stock Exchange classification PKN ORLEN belongs to oil and gas sector.
As at 31 December 2012 the Parent Company owned directly or indirectly investment in shares in 88 related entities.
Polski Koncern Naftowy ORLEN S.A., together with the companies, which form the ORLEN Capital Group, is a leader in the oil sector in the region leading manufacturer and distributor of refinery and petrochemical products.
Principal activity of the Polski Koncern Naftowy ORLEN S.A. Capital Group ("ORLEN Capital Group", "Group" "Capital Group") includes:
processing of crude oil and manufacturing of oil-derivative products and semi finished products (refinery and petrochemical),
manufacture of basic chemicals, fertilizers and nitrogen compounds, plastics and synthetic rubber,
production of pig iron, ferro-alloys, iron and steel, steel products, noble metals and other non-iron metals,
purchase, processing and trade of used lubricant oils and other chemical waste,
manufacturing, transfer and trade in heating energy and electricity,
manufacturing and supply of air conditioning systems with water vapour, hot water and air,
domestic and foreign trade on own account, on a commission and as a consignee, including in particular: the trade in crude oil, oilderivative
and other fuel, sale of industrial and consumer goods,
research and development activity, project work, construction and production activities on own account and as a consignee, in the areas of
processing, storage, packaging and trade in solid, liquid and gaseous oil fuels, derivative chemical products as well as transportation: road,
rail, water and by pipeline,
storage of crude oil and liquid fuels, creation and management of oil stock in accordance with appropriate regulations,
services connected to the principal activity, in particular: sea and land reloading, refining of gas and oil including ethylization, dyeing and
blending of components,
overhaul of appliances used in principle activities, especially refinery and petrochemical installations, oil storage appliances, petrol stations
and means of transportation,
activity connected to reclamation of land and other services related to waste management,
operation of petrol stations, bars, restaurants and hotels as well as catering activities,
financial holding activities, brokerage and other financial activities,
natural gas and crude oil exploration and extraction,
accounting and bookkeeping services, tax advisory,
services to the entire society, medical services, fire protection, education.
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