37.1 Related-party transactions

In 2012 and 2012, the Group reported transactions with UAB Minijos Nafta and UAB Manifoldas (until the date of acquisition of control over the company, see Note 2 ). The transactions mainly regarded sale of services and purchase of crude oil.

As at December 31st  2012, the Group recognised the balance of unsettled transactions with  UAB Minijos Nafta (December 31st  2011: UAB Minijos Nafta and UAB Manifoldas).

37.2 Entity exercising control over the Group

As at December 31st 2012 and December 31st 2011, the State Treasury held a 53.19% interest in Grupa LOTOS S.A. In 2011 and 2012, no transactions were concluded between Grupa LOTOS S.A. and the State Treasury.

37.2.1 Transactions with related parties over which the State Treasury has control, joint control or significant influence

In  2012, the Group executed transactions with companies related to it through the State Treasury, whose total value was material. The transactions were concluded on arms’ length and related to the Group’s day-to-day operations. They involved primarily sale of fuels and storage services as well as purchase of electricity, fuels, transport services, storage services and leases. In 2012, revenue from those transactions amounted to PLN 531,533 thousand (2011: PLN 162,056 thousand), while purchased amounted to PLN 1,337,438 thousand (2011: PLN 964,776 thousand).

37.3 Remuneration of the Management and Supervisory Board members and information on loans and other similar benefits granted to members of the management and supervisory staff

The remuneration paid to the members of the Company’s Management and Supervisory Boards was as follows:

Other employee benefits:

In 2012  2011, the Company did not grant any loans or similar benefits to members of its management and supervisory staff.

37.4 Remuneration paid or payable to other members of the key management staff

Remuneration paid to members of key management staff:

Other employee benefits:

In  2012 and  2011, the Group did not grant any loans or similar benefits to members of its key management staff.

37.5 Other transactions with members of the Company’s Management and Supervisory Boards, their spouses, siblings, ascendants, descendants or other close persons

In  2012 and  2011, the Company entered into no material transactions with members of the Management and Supervisory Boards ⁽¹⁾, advanced no loans, made no advance payments, issued no guarantees and concluded no other agreements to or with any such persons, other than transactions on standard market terms or transactions with no material bearing on these consolidated financial statements. Based on representations submitted by members of the Company's Management and Supervisory Boards, in  2012 and  2011 Grupa LOTOS S.A. did not become aware of any transactions concluded with the Company or a company of the LOTOS Group by the spouses, relatives, or relatives by affinity in the direct line up to the second degree, of members of the Management and Supervisory Boards or persons related to them through guardianship or adoption or other persons with whom they have personal relationships.